Daily Dash - May 7, 2008

Daily Dash: Wednesday

May 7, 2008

The Latest Business Headlines from WWJ Newsradio 950

Macomb Getting County Exec | Voters approved a proposal to move Macomb County toward an executive form of government by a margin of 56 percent to 44 percent. | Story

ArvinMeritor Splits in Two | The company will spin off its Light Vehicle Systems business. It will also name Phil Martens as CEO, Crain's Detroit Business reports. | Story | Related Podcast

GM, GMAC News | General Motors has a deal with one UAW local. Meanwhile, GMAC is working to keep ResCap afloat, the Detroit Free Press reports. | Story

Ford's Fuel-Saving Transmissions | The company will boost the use of fuel-efficient six-speed automatics, placing them in 98 percent of North American vehicles by 2012. | Story

Chrysler Offers Cheap Gas | A promotion caps the price of gasoline at $2.99 a gallon for three years for customers who buy or lease certain vehicles through June 2. | Story

Stocks Rise Despite Oil Prices | Higher oil didn't stop a low-octane rally, as some viewed losses at UBS and Fannie Mae as a sign that financial sector woes are slowing. | Story

Stories marked with have a related podcast at WWJ.com.
Listen to WWJ Newsradio 950 Live on the Web anytime

 

 

This Week in 'Your People'

How two local employers hang on to good employees.

Few companies offering English language training.

Fla. guns at work law has some folks up in arms.

High gas prices fueling changes in business travel.

New Jersey passes paid leave legislation.

Today's Worldwide Automotive Report podcast.

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HANGING ON TO TOP EMPLOYEES: TWO LOCAL EMPLOYERS SHARE THEIR SECRETS

With a talent shortage and economic downturn looming large, recruiting and retaining talent tops the agenda for human resources professionals these days. At two local employers – the Detroit Medical Center (DMC) and R.L. Polk & Co. – a few key strategies are making a difference.

Like many other health care facilities around the country, the DMC has begun to experience a shortage of nurses and other health care workers. Because a lot of employees are hard to replace, the DMC seeks to keep its top talent by creating more training opportunities for supervisors and other employees. They also use early intervention techniques to decrease turnover and work to hire the right kind of people in the first place.

"We know that we're not graduating enough students, and the pipeline isn't coming fast enough," said Delores Hunt, corporate vice president of human resources at the DMC. In addition to having more openings than nurses, some of the hospital's older employees are nearing retirement, and "we don't have anybody to replace them with."

At Southfield-based R.L. Polk, an automotive data research firm, there are some common denominators in retention strategies: hiring right; an increased focus on employer-employee communications; training and coaching; and cultivating the kind of culture that supports employee retention. More...

Study: Few Companies Offer English Language Training

Even though more foreign workers are entering the U.S. workforce, a new study finds that companies generally do not provide needed training to help them overcome language barriers in the workplace.

In a recent survey of senior human resources, training and development executives, The Conference Board found that 66 percent of companies do not provide English language skills training to employees. Of this group, more than half said they don't offer such training because there has not been a demonstrated need for it. More...

Florida's Guns at Work Law Fuels Controversy, Draws Opposition

A controversial Florida law has some employers and business groups up in arms. Under the new law, which will go into effect July 1, employees who are licensed to carry concealed weapons will be allowed to keep firearms in their locked vehicles while at work. The Florida Chamber of Commerce and the Florida Retail Federation have filed suit, challenging the constitutionality of the measure.
More...

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HIGH GAS PRICES FUELING CHANGES IN BUSINESS TRAVEL: As gas prices continue to climb, many companies and employees are curtailing travel expenses with fuel-saving strategies, USA Today reports. Some companies are purchasing smaller and more fuel-efficient cars, while others are postponing the replacement of fleet vehicles. Many employees who need to travel in order to perform their jobs are consolidating trips to curb back-and-forth travel or driving out of their way to find the cheapest fuel. Still others are simply replacing in-person visits with emails and conference calls. To read more, click here,

NEW JERSEY PASSES PAID FAMILY LEAVE BILL: Last week, New Jersey became the third state in the country to provide workers with paid family leave. According to Business Insurance, the legislation, slated to go into effect next year, will allow employees to take up to six weeks of paid leave any time during the first year of the birth or adoption of a child, or to care for a seriously ill child, spouse, parent, or domestic partner. While on leave, employees will be able to replace two-thirds of their salary, up to a maximum of $524 per week. Payroll deductions will fund the benefit, which will be based on an employee's salary. Employees will contribute a maximum of $33 per year. The state of Washington passed a law last year that allows employees up to five weeks of paid leave, but it has not yet gone into effect. California enacted paid leave legislation in 2002. For more, click here.

COMMUNICATION KEY TO HAPPY EMPLOYEES, HEALTHY PROFITS: The command-and-control style of corporate communication is no longer considered an effective way of motivating employees to perform their best. In fact, studies show that poor communication can frustrate employees, lead to disengagement, and chase off potential good recruits. According to BusinessWeek columnist Carmine Gallo, a few unhappy employees can negatively impact your company's customer service, performance, recruitment efforts, and overall reputation. To improve communication, Gallo recommends a few tips, including soliciting employee opinions, effectively communicating change, including employees in the feedback loop, and personalizing communications with employees. To read the entire column, click here.

GLOBALIZATION BOOSTS CORPORATE DIVERSITY EFFORTS: Globalization is driving more employers to expand diversity efforts in the workplace, a survey finds. According to the survey, by the Novations Group, more than 40 percent of organizations have expanded the scope of their diversity and inclusion programs, an increase from 15 percent in 2005. And 24 percent of employers surveyed said they expect to increase their diversity efforts in the near future. To read more, click here.

MANAGING REMOTELY REQUIRES BONDING: As more companies expand their efforts away from headquarters, the need for managers to oversee remote employees is becoming more critical, The Wall Street Journal's Elizabeth Garone writes in a recent article posted on the Journal's Web site. "One way to avoid some of the common communication blunders among far-flung teams," the article says. "is to hire people who are ready to work in a virtual environment from day one." That's not always possible. In those cases, "it is best to pack a bag and meet team members on their turfs." To read the entire article, click here.

WORLDWIDE AUTOMOTIVE REPORT PODCAST: General Motors is feeling more heat from the American Axle strike. Environmentalists aren't happy with Chrysler's new gas offer. Arvin Meritor makes a big move.

MICHIGAN MINORITY PROCUREMENT CONFERENCE: WWJ Newsradio 950 is a sponsor the 27th Annual Michigan Minority Procurement Conference and Trade Fair, to be held May 12-14 at Cobo Center in Detroit. The theme for this year's event is: “The Economic Turning Point Starts with Minority Business." The conference will provide opportunities for networking, training, leadership development and relationship building designed to position minority businesses for growth and sustainability. For more information and to register online, click here.

THE FUTURE OF TRANSPORTATION: Join WWJ Newsradio 950 for a business breakfast titled The Future Of Transportation In Southeast Michigan. The event will take place May 15 at the Anderson Theatre at The Henry Ford in Dearborn. The two-panel conference will discuss Detroit's future in moving freight and moving people. For more information, click here.


Editorial Staff:
The Daily Dash - Wednesday edition is written and edited by James Melton, Jenny Cromie, Ed Coury, and Matt Roush

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