Employees are High-Risk Assets: Protect Your Investment

Employees are High-Risk Assets: Protect Your Investment

Employees are most commonly referred to, in financial terms, as an organization’s largest expense.  While it is true that employee-related costs often account for 50-80% of operational expenses, this categorization ignores the true value of employees. In fact, human capital is an organization’s most valuable asset. Without employees, an organization lacks strategy, productivity, and ultimately, revenue. Executives that treat their…
Retaining Your Team with Career Development

Retaining Your Team with Career Development

Employee retention is a hot-button issue for organizations in most, if not all, industries. A recent study by Steelcase has shown that only 14% of US employees are “highly engaged” and “highly satisfied”. As these types of engagement and satisfaction surveys continue to show a decline in happy employees, many business leaders are struggling to discover how they can improve…
HR: The Necessary Strategic Advisor for CEO’s

HR: The Necessary Strategic Advisor for CEO’s

It’s great to envision our leaders as strong on their own, but in reality, every great leader needs a worthy advisor. Fortunately for most CEOs, one of the best, untapped, strategic advisors within your organization could very well be your CHRO. According to upStartHR, 76% of CEOs currently do value their relationship with their HR. This is mainly to do…
Mending the Gap: Overcoming Understaffing

Mending the Gap: Overcoming Understaffing

As most Americans are aware, the aggregate number of clinicians and physicians available to provide care are needed to meet the rising demand for services. As the Baby Boomer Generation approaches the traditional retirement age, keeping a fully staffed Health and Human Service Organization is becoming a top priority throughout the country. A study of 20,000 US Physicians showed that…
The Benefits of Using an HRIS for Medicare

The Benefits of Using an HRIS for Medicare

The Health and Human Services industry is one of the most regulated industries in the country and with the recent surge in new laws particularly in Medicare, the headaches for organizations within the industry are only getting worse. The Federal Government Health Program often requires a significant amount of paperwork, from forms to extensive reports. This can be tedious and…
Managing Labor Costs in a Multi-Dimensional Environment

Managing Labor Costs in a Multi-Dimensional Environment

Labor costs often represent the largest expense in the budget for the Health & Human Services industry. For this reason, effectively managing labor distribution is imperative for maintaining budget compliance, evaluating programs and services, and meeting the complex reporting requirements of funders. However, managing and reporting on labor costs and allocations is often easier said than done. As the industry…
Embracing Learning and Development

Embracing Learning and Development

Learning and development has gone through monumental changes over the last 15 years. Around the time of the new millennium, Learning & Development teams were mainly utilized as a way to develop and distribute content to employees. Fast-forward to today, and you find the emergence of the Chief Learning Officer (CLO) and other new initiatives to enable employees to excel…
The Dawn of the CLO

The Dawn of the CLO

As the business environment continues to evolve, multiple industries, including the Health and Human Services industry, need to constantly develop new and exciting positions. Over the last 25 years, we have seen the introduction and advancement of one of the most innovative and rewarding positions, the Chief Learning Officer (CLO). This position was first introduced by General Electric to assist…
Encouraging Innovation Governance

Encouraging Innovation Governance

For many organizations in the Health & Human Services industry, making company-wide change can mean spending valuable time and resources on searching for solutions, implementing, and adopting new processes. According to Deloitte ‘Nearly 75% of business leaders stated that their current state of work environments are "Complex to Very Complex", making the ability to implement company-wide changes a difficult undertaking.…
The Pros of Pay for Performance

The Pros of Pay for Performance

Most business leaders view incentive programs as nonessential, expensive and even taboo. However, a recent shows that 90% of business leaders believe that an incentive program could positively impact their business, yet only 25% of them actually have a strategy in place. Organizations that struggle with productivity, recruitment, and retention should consider implementing an incentive program, also known as “Pay…