‘Network of Women’ gives female staff a leg up. Turnover among female employees at New York-based KPMG has declined by 22 percent in the past three years. One big reason: The KPMG Network of Women, or KNOW, helps female staff with professional development. Each office’s chapter invites speakers to address issues, such as parenting and work/life balance.
Grants for outdoor journeys garner pride, loyalty. Recreational Equipment Inc. (REI) offers grants of up to $300 worth of REI gear to employees embarking on athletic challenges or service projects. Employees return with a sense of pride in themselves and their employer.
$100,000 cash prize improves attendance, recruiting. To lure more than 1,000 seasonal workers to Amazon.com’s distribution centers during the holidays, Chicago-based Staff Managementoffered a $100,000 cash prize to a lucky employee who had perfect attendance and had entered his or her name into a drawing. It also offered cash prizes to 99 other employees who had perfect attendance.
Let employees paint the company’s benefit picture. Every three years, Austin, Texas-based retailer Whole Foods puts its benefits plan up for a vote, allowing employees to decide where the company should spend its benefit dollars. In the most recent vote, 80 percent of the company’s 42,000 U.S. employees voted in a process administered in four languages.
Paid-volunteer time unearths employee passions. The community relations department at Texas-based National Instruments organizes volunteer opportunities for employees. Plus, 24 percent of workers have been granted paid time-off for company-arranged volunteer work. Employees who find their own volunteer projects need a manager’s approval to receive paid time off to do it.
Candy bars and $100 bills help recognize work ‘stars.’ Employee turnover has dipped 6 percent since San Joaquin Gardens, a continuing care retirement community in California, began handing out candy bars and $100 bills. The recognition program pats employees on the back for exceptional service to residents, longtime service, perfect attendance, accident-free performance and participation in a wellness program. “You’d be surprised how little it takes to increase the morale of employees,” says HR director Lois Manley.
Thousands of employers have been snared in the IRS's all-out initiative to increase employment-tax audits—its first such initiative in 25 years. A main target: the tax treatment and reporting of employee fringe benefits....Click here to find out more.