October 08, 2016
8 Simple Nonprofit Cost Cutting Ideas
UST R ewards 431 Members for Successfully Lowering Their Anticipated Unemployment Claims within the Last Year.
Santa Barbara, CA (October 4, 2016) – In an era when nonprofits are struggling to stretch their budgets, the Unemployment Services Trust (UST) today announced it is pleased to disperse $6,664,166 to 431 of its program participants. The agencies receiving the funds have demonstrated prudent management of their unemployment costs resulting in a return of funds back to the organizations. This brings participant savings over the past year to a whopping $34,980,275.96 in claims savings, audited state returns and cash back.
501(c)(3) organizations have the exclusive advantage of opting out of their state's unemployment tax system and instead paying dollar-for-dollar for only their former employees claims. Excess payments made into the state tax system are not refunded to employers. UST, however, provides cash back when an organization has had a positive claim history and has reduced its unemployment claims lower than initially anticipated, while also staying well-funded for future claims.
“It’s incredibly rewarding to be able to give money back to these organizations whose core mission objectives are geared towards serving their communities,” said Donna Groh, Executive Director of UST. “It allows them the funds to further expand their programs in areas where otherwise they might not have been able. In a way we’re helping to invest in the future of each nonprofit organization participating in the Trust and that’s a great feeling.”The largest nonprofit unemployment trust in the nation, UST helps 501(c)(3) organizations nationwide save time and money through a host of workforce management solutions that include - unemployment claims management, cash flow protection, HR Workplace assistance, outplacement services and more. The company services nonprofits from all sectors with 10 or more full-time employees. UST encourages nonprofits that are currently tax-rated or direct reimbursing on their own to review their options as they may be over-paying.
From day one and onward, nonprofit employees look to training to feel capable at their job… and valued. Do you offer them that opportunity?
According to the 2015 Nonprofit Employee Engagement and Retention Report, organizations with high turnover also tended to have fewer training opportunities for employees—so providing new hires with the right tools at the right time is extremely important for retaining good-fit employees.
Employees want to feel like they’re making a contribution, and being trained on the job is a critical part of employee development and reinforcing their sense of worth. But in last year’s study, 29% of nonprofit respondents reported that they received NO onboard training, and about 1/3 said they got only 1-2 weeks.
Longer onboard training for new employees was linked to 1) lower turnover, 2) higher levels of employee job satisfaction, and 3) a lower likelihood of employees planning to quit in the next year. Organizations with 90-day onboarding strategies had the highest employee engagement. And when a company implements a successful onboarding program, they experience 54% greater productivity and 50% greater retention.
Here are 4 simple ways you can implement training at your nonprofit:
Overall, onboarding new employees (especially supervisors) can help them feel welcome and prepared to do their best. Ongoing training is a great way to develop skills, maintain goodwill among employees and keep your new hires from packing up their desks.
Discover a few other top reasons your employees might be headed for the door. For a limited time, download UST’s 2016 report, 6 Reasons Your Nonprofit Employees QUIT, and learn how you can improve your organization’s employee management strategies.
HR professionals across all industries have been expressing concern over the difficulty in recruiting qualified job candidates for some time but with a lower number of applicants actually applying, the task of locating individuals who possess the needed skills, experience and educational credentials, is becoming even more challenging in the current day.
The fact that organizations are saying they have had more difficulty filling full-time regular positions in the last 12 months than in previous years is a sign that conditions have changed. The top cited reasons - lack of sufficient work experience and job skills among job candidates, more competition from other employers and a lower number of applicants’ altogether.
A skills shortage occurs when there are not enough people with a particular skill to fill the needed number of positions within a particular occupation. Some basic skills shortages are writing, basic computer skills, reading comprehension and mathematics. And applied skills shortages are critical thinking and problem solving, work ethic, written communication and leadership. With that said, the most difficult positions to fill were for high-skilled medical (nurses, doctors, specialists), scientists and mathematicians, skilled trades (electricians, carpenters, machinists), engineering and architecture, IT/computer specialist (analysts, developers, programmers) and executives. Basic and applied skills are not only critical but necessary in order to build a foundation for a strong and stable workforce.
Many organizations have had to have their training budgets increased in order to fill the gap between qualified candidates and or training existing employees. While online training courses have become the most utilized option, many employers are still utilizing conferences and professional workshops and on the job training. Investing in education and training should be viewed as a way to meet skills shortfalls.
Though many organizations are utilizing social media and collaborating with educational institutions as recruiting strategies, the most effective strategies have been using a recruitment agency and training existing employees to take on hard-to-fill positions.
Organizations need not to only focus on finding and retaining highly skilled employees but also need to consider how they are going to develop the next generation of organizational leaders as the current workforce ages and the highly experienced and skilled workers retire. Making sure employees are not at risk of burnout will also be critical, taking into consideration that when they’re unable to fill some positions, their existing staff may be forced to do more with less.
Question: What are some tips for developing and conducting an employee engagement survey?
Answer: An employee engagement survey can be a great tool to check the temperature of your culture. When done right, the survey can help you understand the needs of your employees, which in turn benefits productivity, job satisfaction and supports employee retention. It is also an excellent tool to help you calibrate the quality of your leadership as well as your employee relations and talent management programs.
Before you start, however, ensure that the management team is ready to act on the critical feedback you’ll get. Then decide what it is you need to know. Do you want to better understand how your employees view their relationship with management, understand and support the company’s strategic direction, or learn what aspects of their work environment, compensation and benefits, work assignments, and opportunities for learning and advancement are working (or not working)?
Next, determine how you will create, disseminate, tabulate, and communicate the survey process and results. If you’re creating your own survey, consider gathering employees from different areas of the company to formulate the survey questions and include them in the employee communications process to encourage participation. This team can also be instrumental in reviewing the survey results and providing feedback about how those results should be communicated and acted upon.
Another option is to use one of the many online engagement survey tools available in the marketplace. While the questions may not be as personalized to your company issues, you can get the surveys, along with the tabulated results, done quickly.
If you do create the survey in-house, consider these best practice tips:
Encourage participation by using incentives or contests. With more feedback, you’ll have a better picture of your employees’ engagement level. Train your leaders so that they are prepared to use the survey feedback as a gift to improve performance and have productive feedback and performance improvement planning sessions.
Most importantly, don’t ask for employee feedback unless you are willing to do something with the results. Your employees will expect you to implement changes and take action. Let them know how much you value and respect them by listening and acting on their opinions and ideas.
Q&A provided by ThinkHR, powering the UST HR Workplace for nonprofit HR teams. Have HR questions? Sign your nonprofit up for a free 30-day trial here.
By implementing a more robust onboarding process that introduces new team members to the company, their jobs, their co-workers and helps them better understand what the company expects from them, new hires will contribute more quickly in their jobs and are likely to stick around longer.
Presented by ThinkHR, this 60-minute webinar is designed to spark your creative juices to design a more productive and meaningful employee onboarding experience with elements that are simple, fun and tie to your company culture.
In the session, you will learn:
Throughout the presentation, Dan Riordan, President & COO of ThinkHR, will share tips and key findings with you and answer any additional questions you may have.
When: Tuesday, September 20th at 8:30 PDT / 11:30 EDT
Visit www.chooseust.org/thinkhr/ to sign up for a free 30-day trial of the UST HR Workplace, powered by ThinkHR.
Through the Noise interviewed Nicolie Lettini and Cathy Galbraith, CEO/Founder and Managing Director of CostTree, to help nonprofit employers better understand the difference between direct and indirect costs and how to accurately anticipate and budget for them annually. Listen below or check out the full library of podcasts.
Podcast Description: This podcast explains the importance of understanding where your nonprofit’s hard-raised money is going, and how you might be able to better allocate funds to your staff’s paychecks. Cathy Gallbraith constantly aims to help nonprofits understand how to create an indirect cost rate, how to use it in everyday strategic development and how to ensure organizational accountability and sustainability.
A cloud-based cost allocation software that simplifies the process of creating an indirect cost, CostTree looks to maximize the efficiency and effectiveness of entities that make a difference in our lives and the communities they serve. To learn more, visit CostTree’s website at https://www.costtree.net.http://www.chooseust.org/enews
August has continuously undershot expectations by the most of any month on average over the last 13 years and this year has proved no different with a mere 151,000 job gains. The unemployment rate was unchanged for the third month in a row at 4.9 percent and the number of unemployed persons held steady at 7.8 million or 9.7 percent - both showing little movement over the year. Average hourly earnings in August rose by an additional 3 cents to $25.73.
Employment in restaurants and bars continued to trend upward with an additional 34,000 jobs. Social assistance added 22,000 positions, with most of the growth in individual and family services. Employment in professional and technical services grew by 20,000 and financial activities edged up by 15,000. Health care also contributed 14,000 jobs in August, though at a slower pace than the average monthly gain over the prior 12 months. Since peaking in September 2014, employment in mining has declined by 223,000, with an additional loss of 4,000 positions in August.
Employment in several other industries – including constructions, manufacturing, wholes trade, retail and information, transportation and warehousing, temporary help services, and government – showed little change over the month.
The number of long-term unemployed (those jobless for 27 weeks or more) accounted for 26.1 percent of the unemployed population and remained unchanged at 2.0 million. Both the labor force participation rate, at 62.8 percent, and the employment-population ratio, at 59.7 percent, were also unchanged in August.
The change in total nonfarm payroll employment for June was revised down from +292,000 to +271,000, and the numbers for July were revised up from +255,000 to +275,000, combined job gains were 1,000 less than previously reported.
Job numbers are being watched closely by the Federal Reserve as they prepare to meet this month to discuss the possibility of a rate increase which is appropriate when the economy shows a solid and continual improvement. Many feel the August numbers still show economic growth but the jobs report likely decreases the probability of a rate hike for right now.
Q: Is there a reason to have a supervisor’s name in an offer letter? In other words, is an offer letter that only lists a new hire’s supervisor as a title acceptable?
A: There is no definite reason to have a supervisor's name on an offer letter or any requirement to have the title on the document either.
The intent of the offer letter is to welcome the new hire and to ensure that the new hire has all of the information s/he will need regarding the terms and conditions of employment. If, in your environment, putting the supervisor's name on the document does not make sense, then feel free to leave it off the document.
We do recommend, however, that you do include a contact person that the new employee can go to for questions about the position or for any assistance the new employee may need.
Question and Answer provided by ThinkHR. Learn more about how your nonprofit can gain access to their expert HR staff here.