TerpSys Case Study: Employee Investment
July 12th, 2010 by Jane Meier
Most people don’t think of employee investment as something that fits under the umbrella of CSR, but I counter with the point that conscious consumers do not just look at the end product–but also the treatment of employees, working conditions, and benefits. An example that comes to mind is Wal-Mart, who experienced a heavy backlash from communities because of the health benefits, and working conditions for their employees in the U.S. and their manufacturers abroad and has caused them to look at their treatment of these folks as an extension of CSR.
Many employers act as if their employees are disposable, and as a result we have seen employees jump around to different employers, which was uncommon in our parents’ generation. A key to employee continuity and retention is employee investment, and while I’m not an HR guru–expending resources to retain good employees has got to be more cost effective than recruiting and hiring new ones.
Now that you understand some reasons to invest in employees, here are some examples of how TerpSys invests in their employees:
Continuing Education
- Supporting employees financially through advanced degrees, certifications, conferences. How to they do it? Stipend per course with grade requirements, reimbursing for certifications with a passing score and using conferences as awards for employee excellence.
Ongoing Training Opportunities
- Use your internal experts to educate other employees! By host educational seminars after work, dubbed “Pizza Nights”, employee expert share their proficiency with other employees, which builds relationships between employees and avoid the expense of “trainers.”
Social Events for Employees & Families
- Children love to see where their parents work! TerpSys hosts a variety of social events for employees & families, but my personal favorite is an Easter egg hunt at the office! So fun watching the kids roam in an out of cubicles.
Team Building & Leadership Training
- Teams within TerpSys hosting twice annual team builds–where folks that are on the same team, but rarely see each other due to client demands–can get together to swap stories and ideas. In addition, employees are invited to participate in Outward Bound events which bring together employees from different teams for a weekend retreat.
Committees
- Committees are an integral part of this model–by empowering employees and tasking them with the responsibility for planning and hosting events–TerpSys helps them build valuable leadership skills, while getting the all-important buy-in.
How do you invest in your employees?
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