Savannah Engineering, Inspection and Insurance Company (SEIIC)

Human Resources Management (HRM) Update

Areas of Interest

 Our Current Business Environment  Trends in Recruiting & Staffing  Trends in HR Development  Trends in Compensation & Benefits  Trends in International HRM  Recommendations

Business Trends

 Economic crisis  Limited credit resources  Loss of customers  Manufacturing and transportation  Increased health coverage expenses  Increased premiums

Political & Social Trends

 Increased demand for technical workers   Increased cost of education US educated students returning to native countries   Increase in government recruiting Retirement of ‘baby boomers’  Mortgage Crisis  Domestic partnerships  Inclusion in benefit coverage and protection against harassment

Recruiting & Staffing Trends

 Online recruiting and screening   Instant access True global recruiting  University recruiting programs  Internship programs

Training & Development Trends

 eLearning  Performance consultants  Custom Training

Performance Management (PM) Trends

 Online PM systems  Year round review  Goal management

Compensation Trends

 Pay for performance  Total compensation

Benefit Trends

 Online benefit systems    Access to coverage information 24/7 Mail order prescription programs Alternative health options  Health savings plans  Alternative to traditional HMO plans

International HRM Trends

 Local representation  Increased competition for talent and resources  Global training initiatives  Global labor relations

Recommendations

 Recruiting & Staffing    Develop college recruitment program   Local universities and online programs www.aftercollege.com

Utilize online social networking  MySpace  Facebook Internships

Recommendations

 Training & Development  eLearning   Globally available Easily adaptable by culture and/or region  User controlled learning  Cost effective  Educational Assistance

Recommendations

 Performance Management (PM)  Online PM system  Performance Pro ( http://www.hrnonline.com/per_about.asp

)  VURV Performance Management Tool ( http://www.taleo.com/ )  Year round performance management

Recommendations

 Compensation   Complete Compensation Survey Merit Increase System

Recommendations

 Benefits  Close review of health coverage options  Coverage options  Online access  Health Savings Plans (HSA)

Recommendations

 Benefits (continued)  Employee Assistance Programs (EPA)       Provide additional assistance for work/life balance Emotional distress Substance abuse Financial or legal concerns Family/personal relationship issues Work relationship issues

Recommendations

 International HRM  Global HRIS system  Performance Management  Compensation Plan  Policies and Procedures  Adjustments will be needed for regional exceptions  View of global training materials and systems

References:

Arce, Rose and Elise Zeigler. 2008, October 10. “Connecticut Supreme Court Legalizes Same-Sex Marriage”. Retrieved from the CNN website on October 10, 2008. http://www.cnn.com/2008/US/10/10/connecticut.gay.marriage/ Career Builder. N.d. “Trends in Engineering”. Retrieved from the Career Builder site on October 16, 2008. http://www.careerbuilder.com/jobposter/small business/article.aspx?articleid=ATL_0232ENGINEERING&cbRecursionCnt=1&cbsid=25e9a35eecee434695d618b e85b27972-277481465-JF-5&ns_siteid=ns_us_g_engineering_trends College Board. 2007. “Trends in College Pricing. Retrieved from the College Board website on October 16, 2008. http://www.collegeboard.com/prod_downloads/about/news_info/trends/trends_pricing_07.pdf

Global Trends in Human Resources Management. 2008, October 13. “Human Resource Management: A Net Cast Wide! Recruitment & Retention.”. Retrieved from the How to Manage Human Resources website on November 10, 2008. http://www.howtomanagehumanresources.blogspot.com/2008/10/human-resource-management-net cast-wide.html

International EAP Association. N.d. “About Employee Assistance”. Retrieved from the Employee Assistance Professionals Association website on October 10, 2008. http://www.eapassn.org/public/pages/index.cfm?pageid=869

References:

Jobs News Wire. 2008, June 10. “Employment 'increases in the public sector'”. Retrieved from the Jobs News Wire website on October 16, 2008. http://www.jobsnewswire.com/article/employment-increases-in-the-public-sector id18812079.html

Michael, George. n.d. “Trends in Performance Management for Mid-Market Enterprise”. Retrieved from the CCH KnowledgePoint website on October 21, 2008. http://www.vurvexpress.com/piw/press/trends.pdf

National Coalition on Healthcare. N.d. “Facts about Healthcare”. Retrieved from the NCHC website on October 10, 2008. http://www.nchc.org/facts/cost.shtml

Polson, Reg. 2007. “Trend in Training”. Retrieved from the Trainers Direct website on October 21, 2008. http://www.trainersdirect.com/resources/articles/Polson/TrendsinTrng.htm

Purdue University Calumet. 2007, February 16. “U.S. Demand for Engineering Graduates Intensifies”. Retrieved from the Purdue University Calumet website on October 16, 2008. http://engineering.calumet.purdue.edu/engineering/engineering/blooming_engineering_job_market_27_58.html

Riley, Sheila. 2008, March 14.

“

U.S. engineering gap: number of degrees declining”. Retrieved from the EE Times website on October 16, 2008. http://www.eetimes.com/news/latest/showArticle.jhtml?articleID=206903802 Vocino, Joe. 2004, November. “Worth Every Penny: Compensation Trends for Compensation Experts, Recruiters and Trainers Reflect Those Specialties' Growing Importance”. Retrieved from the Find Articles website on October 31, 2008. http://findarticles.com/p/articles/mi_m3495/is_11_49/ai_n6359692

References:

WISE (Washington Internships for Students of Engineering). N.d. “About WISE”. Retrieved from the WISE website on October 17, 2008. http://www.wise-intern.org/ World at Work. 2008, October 1. “WorldatWork Survey: Balancing Consistency with Localization Key to Compensating a Globally Dispersed Workforce “. Retrieved from the HR Marketer website on November 10, 2008. http://www.hrmarketer.com/~blog/2008/10/worldatwork-survey-balancing.html