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The Total View
Welcome
to the May 11, 2005 issue of The Total View
Your resource
for cutting-edge news, tips, and tools to help you hire, manage,
and motivate top-performing employees.
If you
are receiving this issue as a forward, and want your own subscription,
visit
http://www.chrysaliscorporation.com/cgi-bin/arp3/arp3-t.pl?l=11&c=292
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In This Issue
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1. An Unhealthy Diagnosis for An Aging Workforce.
2.
Perfect Labor Storm Alerts #398 to #399.
3.
How Can You Change The Way You Deal With the Flood of Resumes
in Just 7 Minutes?
4.
What is The Most Important Number in Your Company?
5. Stop Hiring High-Risk Hourly/Entry-level Employees with
CBI and SELECT.
6.
Have You Checked Out Hiring Top Performers BLOG? -- Hear Special
Audio Commentary.
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The Total View is written and published each Wednesday by
Ira S. Wolfe, founder of Success Performance Solutions. (Yes,
Ira writes every article, every week!) and is distributed
with permission by The Chrysalis Corporation.
Ira S.
Wolfe 2005 - All Rights Reserved. Reprints and other distribution
by permission only.
To learn
more about The Chrysalis Corporation or to read back issues
of The Total View, visit our web site at
http://www.chrysaliscorporation.com/cgi-bin/arp3/arp3-t.pl?l=12&c=292
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1. An Unhealthy Diagnosis for An Aging Workforce.
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Nobody
wants to hire an employee who has to go to the doctor all
the time. But with threats of a skilled workers shortage looming,employers
may not have any choice. The merits of retaining baby boomers
in the workforce are well-founded. Too bad that silver cloud
doesn't come with a very expensive black lining in the form
of a explosive demand for health care services.
Starting
in 2012, nearly 10,000 Americans will turn 65 every day. The
total number of Americans over age 65 and eligible for Medicare
will double to over 70 million within this generation, while
the population over age 85 will increase nearly five-fold,
to almost 19 million, by mid-century. Obviously, the "baby
boom" will soon become the "senior boom."
The aging
of America, however, is more than a simple matter of numbers.
As noted in the 2002 State of Aging & Health in America
and other sources, older adults use more health care services
than any other age group. Americans over age 65 today are
only 13% of the population, but account for half of physicians'
visits and half of all hospital stays. The average 75 year
old has three chronic conditions and uses five different prescription
drugs. Older patients also have unique health challenges and
different medical needs than younger adults.
Health
care utilization obviously requires the availability of health
care providers. But the gap between what many health care
providers know, and what they need to know, to optimally treat
older patients is growing. For example, a 2002 Merck Institute
of Aging & Health (MIAH) survey of 250 practicing primary
care physicians found that only half believe their colleagues
can adequately treat even common geriatric problems.
Only a
small proportion of practicing health care providers have
had any formal training in geriatrics. Out of 650,000 practicing
physicians in the U.S., less than
9,000 are geriatricians, or about 2.5 geriatricians per 10,000
elderly, and that number is expected to fall to about 6,000
in the near future. Fewer than 3% of current medical students
take any elective geriatric courses.
Additionally,
only 720 pharmacists, out of 200,000, have geriatric certification.
A 1997 survey of 600 nursing baccalaureate programs showed
than only 23% of schools required a single course in geriatrics,
and less than one-half of one percent of nurses have advanced
certification in geriatrics.
Among
social workers, only 5% identify their primary practice area
as geriatrics.
The shortage
of qualified providers is only part of the story. Too few
geriatric specialists exist to train others. The majority
of educational curricula, including nursing, pharmacy, medicine
and dentistry, do not require geriatric training.
Overall,
the healthcare workforce lacks the training to provide appropriate
care at the present time, and it is wholly unprepared for
the graying of America.
Source:
The State of Aging and Health in America 2004, Merck Institute
of Aging & Health
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2. Perfect Labor Storm Alerts #398 to #399.
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Fact #398:
When asked to provide a ranking of factors, executive women
identified corporate culture as the number-one reason why
they left their executive positions. The women stated they
felt their roles were not valued and that they were not "heard"
by senior management. Additionally, they felt information
was not openly shared and they were excluded from important
meetings, pipelines of information and informal networks.
(Source: The Leader's Edge 2005)
Fact #399:
A recent poll of 7,718 American workers revealed some of the
feelings employees have about their current position:
42% Coping
with feelings of burnout
33% Feeling
at a dead end in current job
21% Looking
for new job at another company
20% Looking
for a major career change
9% Feeling
I do not have adequate training of knowledge for my job
(Source:
New Employer/Employee Equation Survey, Harris Interactive
2005)
Don't be caught in storm without all the facts. "The
Perfect Labor Storm Fact Book: Why Worker Shortages Won't
Go Away" is a must-read leading edge forecast that predicts
workforce trends for decades to come. Get a copy today - $7.95
includes shipping. Follow this link to learn more:
http://www.chrysaliscorporation.com/cgi-bin/arp3/arp3-t.pl?l=7&c=292
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3. How Can You Change The Way You Deal With the Flood of Resumes
in Just 7 Minutes?
=============================
The Resu-mess
is back! If piles of resumes and crowded e-mail in-boxes have
got you frustrated, you NEED to preview Total APS in action.
What is
Total APS? It is an applicant tracking and assessment system
that puts your recruiting and selection efforts on auto pilot.
Total APS even provides you assess to the TotalView assessment
(see the first article in this newsletter).
Total
APS frees up your time to communicate with only QUALIFIED
candidates and helps you ensure a good job fit between a person
and the job. Total APS can save your company is to experience
the system in action. View our online7-minute, no-obligation
video demonstration of the Total APS system here:
http://www.chrysaliscorporation.com/cgi-bin/arp3/arp3-t.pl?l=26&c=292
Can't
view it online? Contact us today for a Free CD-ROM on How
to Screen and Interview Candidates Online. Follow this link
and type APS in the comment box:
http://www.chrysaliscorporation.com/cgi-bin/arp3/arp3-t.pl?l=18&c=292
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4. What is The Most Important Number in Your Company?
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That number
is, how much does it cost you every time an employee quits
or is fired? The facts may surprise, or worse yet, scare you.
A conservative
estimate of the cost of turnover for hourly employees is 25
percent of the annual salary. Personally, our experience places
the actual cost closer to 50 and higher when you consider
lost opportunity costs, lost productivity and even theft,
absenteeism, and other counter-productive and disruptive behaviors.
The costs
for salaried employees has ranged from 1.5 times annual salary
to upwards of 14 times annual salary.
But high
turnover costs are not isolated to big business. A small business
paying an employee an hourly wage as low as $5.25 per hour
incurs the minimum cost of $3,528.58 (25% x $14,114.10) every
time an employee turns.
Other
examples of turnover costs are:
$7.00
per hour = $4,704.70 in turnover costs $10.00 = $6,721.00
$15.00 = $10, 081.50 $20.00 = $13,442.00
Follow
this link to anonymously calculate your company's cost of
turnover:
http://www.chrysaliscorporation.com/cgi-bin/arp3/arp3-t.pl?l=27&c=292
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5. Stop Hiring High-Risk Hourly/Entry-level Employees with
CBI and SELECT
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Counter-Productive
Behavior Index(tm) is the most cost-effective screening test
to identify these high risk work- related attitudes and behaviors:
--Honesty
--Substance Abuse
--Computer Abuse
--Dependability
--Aggressive Tendencies
--Sexual Harassment
Counter-Productive
Behavior Index(tm) takes no more than 15 minutes for a candidate
to complete and can be scored on paper in less than 60 seconds
to score or online. Online reports include a structured interview
guide with recommended interview questions.
SELECT(r)
Associate System is a pre-employment screening tool to identify
work-related behaviors such as Positive Service Attitude,
Accountability, Frustration Tolerance, Acceptance of Diversity,
Multi-tasking and more, plus a Validity Check and Integrity
Index.
Each customized
report includes a step by step interview guide including recommended
interview questions.
Reduce
Absenteeism, Theft and Harassment.
Read more
about pre-employment testing visit:
http://www.chrysaliscorporation.com/cgi-bin/arp3/arp3-t.pl?l=24&c=292
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6. Have You Checked Out Hiring Top Performers BLOG? -- Hear
Special Audio Commentary.
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We would
like to invite you visit our new blog, Hiring Top Performers.
It can be found here:
Hiring
Top Performers
This blog
has be launched for a few reasons. First off, some of our
readers have indicated that their company spam blocking software
has made it difficult, if not completely impossible, for them
to receive our weekly issue of The Total View. Since a blog
is available right on the web, it cannot get blocked by an
over-zealous spam filter. Of course we will continue to e-mail
The Total View each week to our subscribers. If for some reason
you discover that you have missed an issue, you can always
visit our blog at: Hiring
Top Performers
other
reason this blog was set up is this. Many times throughout
the day I run across may different types of practical examples
that clearly illustrate concepts of personalty testing and
employee profiling. Our blog provides me with a place to post
these short examples, or as in the case tonight, post an Audio
Commentary, that you can listen to right on your computer.
In fact, you can listen to a commentary I made last evening
after watching the season conclusion of The Amazing Race.
I briefly discuss the different degrees of competitiveness
and how that effects an individual's approach to winning.
Go to our blog now to listen to my commentary: Hiring
Top Performers
Lastly,
we created this blog to provide our readers and subscribers
with a place to comment on our articles, situations that are
happening within your company, or anything else related to
selection and retaining top-performing employees.
Check
our blog today at Hiring
Top Performers and please forward this information to
your colleagues, clients, boss, or anyone else who might find
it helpful.
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Contact Information:
The Chrysalis
Corporation
2001 Hammock Drive
Valdosta, GA 31602
229-257-0665