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News for friends of the Iowa Lee Hecht Harrison Global Partner office. |
FALL 2005 |
Whether it's our latest research report: Severance and Separation Benefits or our 2004 global study: Release Retain Recruit, you can count on CRG Lee Hecht Harrison to be your partner for access to distinctive human capital solutions. Our knowledge of key issues that human resources and business leaders face is available to you whenever and wherever needed. We look forward to serving your needs and connecting you with all the resources of Lee Hecht Harrison to maximize organizational and individual success through services that connect people to work, increase career effectiveness, and develop superior leaders.
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New Study Provides Benchmarks for Evaluating Severance Policies
How competitive are your severance practices? Knowing how your organization's severance and separation benefits stack up is more critical than ever, especially with competition intensifying in the improving global economy. As the global leader in creating and delivering distinctive human capital solutions, Lee Hecht Harrison is pleased to provide the information you need to evaluate your company's policy in our new study entitled: "Severance and Separation Benefits: Benchmarks for Evaluating Your Policies."Our new study contains severance results from senior HR executives at U.S. organizations of various sizes and in a wide range of industries. We surveyed similar populations in the spring of 2001 and 1998, and as in prior years, severance payouts for employees at all levels are typically determined, at least in part, on years of service. Since 2001, however, the percentage of companies giving two weeks or more per year of service has declined slightly - though not back down to 1998 levels - at every employee level except administrative. "When we last conducted this survey in spring 2001, the U.S. was at the end of a long period of economic expansion during which severance policies had become more generous" says Bob Wigger, Partner at CRG Lee Hecht Harrison. "Although we've seen some weakening, despite the recession in the intervening years, organizations did not, for the most part, cut these benefits significantly. Regardless of economic circumstances, employers recognize the importance of having severance benefits that are competitive - not only to provide sufficient resources for those in transition, but also to preserve their good standing with remaining and potential employees." In addition to providing the latest benchmarks, the study also contains data on: - U.S. severance by industry
- U.S. severance by company size
- Fortune 1000 profile
- C-suite severance derived from our in-depth analysis of 200 publicly available CEO and other C-level contracts
- Global perspective compiled from intelligence gleaned from our worldwide leaders on separation practices within their individual countries
A summary of the report is available in the Knowledge Center of our web site: www.LHH.com. However, if you would like a complete copy of the report so that you may evaluate the competitiveness of your organization's severance policy, please contact CRG Lee Hecht Harrison at 515-453-9590.
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Job Leads a Must Identifying high quality job leads for outplaced individuals is a major characteristic human resources executives find extremely desirable in an outplacement provider, according to a survey of 317 senior human resources executives that was conducted for Lee Hecht Harrison by global marketing research and consulting firm RoperASW."As recently as five years ago, companies turned to outplacement providers to give their former employees the skills, resources, and guidance necessary to find and land opportunities themselves," says Bob Wigger, Partner at CRG Lee Hecht Harrison. "When the recession started, however, we realized our clients needed professional assistance to uncover appropriate leads in an extremely tight job market and introduced the role of our
Job Market Consultant. Clearly, HR executives now place a premium on this resource." On a scale of 1-10 (with 10 meaning absolutely essential and 1 meaning not at all desirable), respondents gave identifying high-quality job leads for outplaced individuals a mean score of 8.5. Other major indicators that ranked high included "having professionally trained and certified counselors" (9.2), "satisfaction of outplaced individuals" (9.0), and "continuous/consistent counseling by a single counselor throughout the outplacement contract period" (8.9). |
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Upcoming Events |
Milestones SeminarsNovember 1 and 2 November 15 and 16 November 30 and December 1 December 12 and 13
The Seeds of Innovation November 9 and 10, 2005 In partnership with The Greater Des Moines PartnershipWinning PresentationsDecember 7 and 8, 2005 January 11 and 12, 2006 March 1 and 2, 2006Go to our website www.crgpros.com or contact our office 515-453-9590 for additional events and program information.To unsubscribe, reply to this message with the word REMOVE in the subject line.
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New Executives Must Deliver Early to Impact Results Whether recently recruited into a company, or promoted from within, executives have typically had to deal with the challenges of a new position on their own. Often, there are some fairly high expectations of performance from the start. If it is a "turn-around" position, or one with high visibility and associated risk, the company cannot afford to have the leader fail."Companies choose managers based on experience, performance, fit, vision, and various intangibles, but even the most skilled executive is going to face some obstacles and blind spots in taking a new leadership role," says Sherry Barrett, Organizational Development Practice Leader and Coach at CRG Lee Hecht Harrison. "Sometimes it's a matter of repeating behaviors that made them successful in other environments but that aren't appropriate for the new company's culture. Other times the bar may be set so high that there's no way to reach it, or they may have difficulty creating alliances or identifying high-impact projects that can create results quickly." An assimilation coach helps the executive clarify expectations, establish credibility, determine priorities, develop an action plan, and make necessary changes in leadership style so he or she can be productive quickly in a new organization or position. | | An effective assimilation program will also help a leader strengthen their agility; getting the right read on each situation quickly and then selecting the behavior needed for the greatest impact and result.Usually the new employer pays for assimilation coaching, but sometimes the executive seeks it individually. Lately, some search firms have begun encouraging companies to include coaching as part of a new executive's compensation package in order to protect their investment. Assimilation coaching is so in demand that CRG Lee Hecht Harrison offers it in two programs: Early Impact Assimilation coaching for newly hired or promoted leaders, and as a standard part of Lee Hecht Harrison's "Signature Service" for corporate officers and top executives. Barrett believes assimilation coaching has become increasingly important because companies have developed a greater appreciation for the costs of attracting and retaining talent. "With business demands constantly changing, companies can't afford a revolving door of under-performing executives," she says. For more information about CRG Lee Hecht Harrison leadership coaching options, contact Sherry Barrett at sbarrett@CRGpros.com or call 515-453-9590. |
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