When the Canadian Auto Workers (CAW) reached an agreement with Chrysler in late April, as part of the company's mandated restructuring process, tuition rebates were one of several employee benefits that were eliminated. Officials said that in the grand scheme of things, the employees backed the sacrifices. "CAW members supported their union right through this process ... That has allowed us to bargain the very best agreement possible, imposing the minimum possible sacrifice on our members and their families, despite the incredibly tough times," said CAW President Ken Lewenza.
If your company is looking for places to cut back, should tuition reimbursement be on your list, too? Some experts say that although employees do sometimes take advantage of it, it's likely to have little impact on the staff as a whole and a greater impact on the company. "[A benefits] survey I produced actually had education benefits (tuition reimbursement) as one of the listed items we had employees address. Quite honestly, we found that few employees took advantage of the plan," says Linda Konstan of Sensible Human Resources Consulting.
If 10 percent of your 100 employees use the benefit of up to $3,000 a year, the company could realize a savings of $30,000. More employees = more savings.
Does your small or medium-size business need a new phone system? Then you're in luck! Our new, updated comparison guide helps you cut through superfluous information and narrow down your list of solution providers. Get the latest data on phone system features, pricing, and performance metrics in an easy-to-use format. more
The holiday season is filled with frenzy and excitement for businesses and consumers alike. Consumers prepare gift lists, compare brands and prices, and begin shopping with a vigor that is not present most other times of the year. For many businesses, the holiday season accounts for a large profit bump at the end of each year, and companies strive to exceed their goals and keep customers happy during this rush late in the year. more
There are a lot of possible reasons you might want to switch to a new phone system. The old one might cost too much or be too troublesome to operate and maintain. It might not be flexible enough. It might not be reliable enough. Or it just might not have the kinds of features and capabilities that you need in today’s competitive business climate. more