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11 Steps to Giving Employee Negative Feedback
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Every successful entrepreneur eventually has the experience of giving what is perceived to be negative feedback to an employee, manager, vendor, or partner. Providing this kind of feedback is essential to leadership, and it is the most direct way to provide direct reports with information on how they are performing. This type of communication is best handled face-to-face – and NEVER by email.
While some of these communications happen at regularly-scheduled intervals, such as at semi-annual or annual reviews, frequently it becomes necessary to provide this kind of feedback on shorter notice at the time underperformance is detected. It is common for some personality-types to put off these conversations, which only delays the inevitable.
Others find it easier to deal with in very brief but pointed meetings in the attempt to avoid confrontation. This usually results in confusion by an employee who is looking for a more detailed explanation, or who feels that his/her side of the story has not been told. Yet other personalities become so frustrated with the performance issue that the focus is heavily weighted on shortcomings without offering advice, direction or suggestions on how to improve, or on what type of training needs exist. Read More→
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Employees underestimate employer medical insurance costs
Posted by: | CommentsAccording to a report issued by CCH, very few employees realize the magnitude of the expense incurred by employers who pay medical insurance benefits, even though it is generally a well-publicized fact that medical insurance costs are skyrocketing. A 2004 study by MetLife on Employee Benefits Trends showed that 28% of full-time employees believe that their employer spends less than $1,000 per year, per employee on health care benefits. Almost half of the employees – 49% – believes their company spends less than $2,000. Only 27% of employees correctly estimated that their employer spends at least $4,000 per year, per full-time employee on health benefits.
This demonstrates a real opportunity to communicate regularly and effectively regarding company insurance and benefit costs. Annual employee reviews are excellent opportunities to show employees the actual numbers. And, by always including the costs of medical insurance into any discussion of compensation, employees will learn to recognize the real-dollar value of these benefits.
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11 Steps to Giving Employee Negative Feedback Every successful entrepreneur eventually has the experience of giving what is perceived to be negative feedback to an employee, manager, vendor, or partner. Providing this kind of feedback is essential to leadership, and it is the most direct way to provide direct reports with information on how they are performing. ...... - 10 Keys to business survival in a recession It seems to be the consensus among business and political leaders that our economy is worse than it has been in generations. Statistics, for what they are worth, prove it. In other words, most of us have never seen anything like today's economic crisis, and there isn't much in our......
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