Monthly Archives: November 2018

What to do when a 3% raise just won’t do!

November 27, 2018

The Consumer Price Index (CPI) for the Detroit region has risen from a 1% annual increase to a 3% annual increase in the past two years. As the general Cost-of-Living has increased for employees consistently, wages have remained stagnant for the past 10 years leaving employees to tread water financially. In order to attract and retain employees in a competitive market, employers must be proactive in ensuring that employee wages increase at a rate faster than the general cost-of-living increases. Companies must take basic Cost-of-Living-Adjustment (COLA) data into consideration while also considering the competitiveness of their salaries compared to other ...

EctoHR Welcomes Randy Davison

November 20, 2018

EctoHR is pleased to announce the addition of Randy Davison to its internal team in the position of HR Generalist. Randy joins EctoHR from University Bank where he held progressive Human Resource positions over the past five years, including the most recent two years as an Employment Development Specialist. In this role, Randy was responsible for recruiting, retaining, developing and training personnel while also utilizing prior experiences to provide support in compensation, benefits and retirement plans. Randy earned his bachelor’s degree in business administration from Eastern Michigan University and played on the EMU collegiate roller hockey team. Randy is originally ...

Get More Bang for Your Buck with Total Comp Statements

November 19, 2018

Employers should share Total Compensation Statements with their employees to highlight the value of the total rewards package beyond the employee’s salary. A brief, yet comprehensive summary of an employee’s total pay creates awareness to benefits that employees may overlook. By providing personalized Total Compensation Statements, employees gain a new appreciation for their employer’s investment into their career. For instance, many employees do not recognize the following items as part of their total rewards package: Employer-sponsored Insurance plans, such as Medical, Dental, Vision, Life, Short-term Disability, Long-term Disability, and other coverages Paid time-off and holiday pay 401(k) or other retirement ...

3 Simple Ways to Reduce Employee Stress

November 6, 2018

Tight deadlines, high expectations and personal commitments are all examples of stressors that negatively affect employee productivity and contribute to absenteeism and turnover. According to the American Institute of Stress, workplace stress costs U.S. businesses more than $300 billion annually, in addition to the physical and mental toll employees endure. While the majority of the responsibility of managing stress may lie with the individual employee, there are steps employers can take to help reduce stress in the workplace. Create an office environment that encourages physical activity - Employers can provide standup desks or initiate “walking meetings” in order to get ...

2018 Holiday Calendar

November 6, 2018

Thursday, November 22 Thanksgiving Holiday Office is closed   Friday, November 23 Black Friday Office is closed, but phones and email will be monitored   Monday, December 24 Christmas Eve Office is closed   Tuesday, December 25 Christmas Day Office is closed   Monday, December 31 New Year’s Eve Office is closed, but phones and email will be monitored   Tuesday, January 1 New Year’s Day Office is closed   If you have any questions, please contact a team member at EctoHR by calling 810-534-0170 or emailing hr@ectohr.com