Articles Tagged with 'savings'

CU New Auto Loans Decline 1.8% During December

February 19, 2011
Also on the decline: ARMs and HELOCs. READ MORE

Seven Savings Tricks for Gen Y

February 14, 2011
The term “gen Y savings” is an oxymoron. READ MORE

Here's a Resolution You Can Keep

January 24, 2011
The federal government gave every working person a 2% raise. Use it wisely. READ MORE

Today’s ‘Deborrowing’ Consumers

November 01, 2010
The extent of consumers' deleveraging has surprised economists. READ MORE

Rates & Ratios: CU Loans Stagnate

September 03, 2010
Fixed-rate mortgages led loan growth, increasing 0.8%, according to CUNA's economics and statistics department. READ MORE

The Bottom Line on Boomers

August 20, 2010
Here are steps your CU can take to help retain boomer members. READ MORE

Lower Your 401(k) Plan Costs

July 29, 2010

Increasingly, employers who provide their employees with a retirement plan are relying on 401(k) and similar defined contribution plans instead of defined benefit plans. As a result, participants are paying more of the cost of managing their pension plans, which can take a substantial toll on their retirement savings.

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Great article! Unfortunately, most employees don’t feel valued or appreciated by their supervisors or employers. In fact, research has shown that the predominant reason team members quit their jobs is because they don’t feel valued. This is in spite of the fact that employee recognition programs have proliferated in the workplace – over 90% of all organizations in the U.S. has some form of employee recognition activities in place. But most employee recognition programs are viewed with skepticism and cynicism – because they aren’t viewed as being genuine in their communication of appreciation. Getting the “employee of the month” award, receiving a certificate of recognition, or a “Way to go, team!” email just don’t get the job done. How do you communicate authentic appreciation? We have found people have different ways that they want to be shown appreciation, and if you don’t communicate in the language of appreciation important to them, you essentially “miss the mark”. Additionally, employees need to receive recognition more than once a year at their performance review. Otherwise, they view the praise as “going through the motions”. A third component of authentic appreciation is that the communication has to be about them personally – not the department, not their group, but something they did. Finally, they have to believe that you mean what you say. How you treat them has to match the words you use. If you are not sure how your team members want to be shown appreciation, the Motivating By Appreciation Inventory (www.appreciationatwork.com/assess) will identify the language of appreciation and specific actions preferred by each employee. You then can create a group profile for your team, so everyone knows how to encourage one another. Remember, employees want to know that they are valued for what they contribute to the success of the organization. And communicating authentic appreciation in the ways they desire it can make the difference between keeping your quality team members or having a negative work environment that everyone wants to leave. Paul White, Ph.D., is the co-author of The 5 Languages of Appreciation in the Workplace with Dr. Gary Chapman.

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