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View from the Ridge

 

March, 2008 - Vol 3, Issue 1

In this Issue
Did you know?
  • 56% of the workforce believes its easy to find another job now
  • 32% have been contacted by a recruiter or hiring manager about a job in the past year.
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Greetings,
Welcome to the Spring Edition of
View From the Ridge!

 

Our article on Employee Climate Surveys speaks to the value of measuring what's working and what's not, using this information to create programs to best utilize our resources. Surveys are instrumental in planning; creating retention strategies and programs as they help us better understand our employees. With limited time, money and other resources, we need to be smart and leverage them to achieve the best results.

Our article on Lifetime Settlements again demonstrates the value and versatility of Life Insurance for business and personal financial planning. While we may not know where the economic winds will blow, CRS can help with ensuring you best utilize your resources, whether they are people, money or time. 


This year it's going to be different!

How often do we say this to ourselves, our clients and our employees?


The current economy, political arena, and even the weather are shouting for change-----and each force us to consider alternatives and to make the best choices for the times.

Employee Climate Surveys- A Powerful Diagnostic Tool 

Are you losing your top talent and don't know why?

Are your employees present, but not fully engaged to do their best work?

Successful executives and business owners recognize the value of objective, timely and accurate information to determine the financial health of their organizations. Yet they often rely on their gut feelings, manager comments, frequency of employee complaints, and turnover statistics to determine the general "organizational health" of its people. While turnover statistics (and exit interviews, if done) may tell business leaders how many people have left and perhaps why, it does not tell you what's working, what's not, and most importantly why employees stay. You may also learn why your staff is not fully engaged and motivated to give their best.
Let's assume when you started your company several years ago, you had the foresight to purchase Key Employee Life Insurance on the three founders and one other key executive.

What would you do if one of the founders just announced he is leaving to pursue other interests and wants to exercise his buy-out clause? What could you do with that Key Employee life insurance policy?

Do you hire a hit man to collect on the policy? Although this strategy might provide the cash to buy out the exiting founder's interest or provide the money to hire a replacement, your financial gain and "good fortune" would be short-lived! Fortunately there is a much better and definitely legal solution.

In the Community

Cherryll was recently appointed Vice president of the Board of Directors for Friends Outside of Santa Clara County.

Join Cherryll for the Friends Ouside benefit luncheon May 15, 2008. For more information on attending or sponsorship opportunites, please contact Cherryll.


Marc is serving on the committee for the Cupertino Rotary's 15th annual golf tournament. This event will benefit the Valley Medical Center's NICU. If you would like to participate, please contact Marc.


In the Business World

We are pleased to announce that Cherryll has been appointed Co-Chair for the Silicon Vally chapter of Business Forums International (BFI).



On the Web

You can download the new I-9 and OSHA 300 forms from our web site.

We have also updated the following articles to reflect changes for 2008:

Contact us:

Marc Haberman:
mhaberman@CypressRidgeSolutions.com
408.294.3431

Cherryll Sevy:
csevy@CypressRidgeSolutions.com
408.358.7794

 

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