- Education and Events
- Partners and Marketing
- HR InTouch Newsletter
The Monthly Newsletter of the Greater Madison Area SHRM
In This Edition
Compensation and Benefits
GMA SHRM Social Media
GMA SHRM Upcoming Events
Topic: Strategic Summit: Executive Coaching-- Preparing Your Company for Leadership & Organizational Renewal
GMA SHRM Announcements
GMA SHRM Member News
Last month I focused on community and how GMA SHRM leverages the power of our HR community to serve the needs of individual members. Our ability to build this community, however, is interdependent with another word that is crucial to our chapter’s success: Partnership. We would not be the chapter we are today if it weren’t for our strong and effective partnerships.
Our corporate partnership program is a great example of how we use partnerships to better serve our members. Our partners make financial investments in our chapter which we in turn, reinvest in such member services as our monthly programs, the e-newsletter and weekly e-blasts, our information-rich website, our networking events, and our efforts to give back to the local community through projects such as our annual Job Boot Camp. Beyond these core services, our partners enable us to keep our annual dues low and most of our monthly programs free to members. That’s the great benefit of these partnerships to our members.
So, a big “Thank you!” to the following 2014 GMA SHRM corporate partners for making all of what we do possible:
The next time you attend one of our monthly programs, a networking event, visit our website, read this newsletter, or participate in a GMA-sponsored event with the community, remember who made it possible . . . and personally thank these partners for their support. Pick up their information from the display table at our events and let them know you appreciate their financial support that enables us to do all of what we do.
Become a corporate partner in 2015!
In October and November of each year we reach out to all of our existing corporate partners and invite them to renew their investment in GMA SHRM for the coming year. This is when we also seek out new partners. Why should your company remain or become a corporate partner with GMA SHRM? What does your company get in return for your investment?
The greatest benefit is perhaps the intangible knowledge that you are helping to sustain our high quality member services – making GMA SHRM one of the strongest chapters in the nation. In addition, there is a long list of tangible benefits to partners at each level:
Partnership means people working together, collaboratively, to help each partner realize his or her own goals as well as their mutual goals. We think our annual corporate partnership program does this in spades! And if you join or rejoin as a partner with GMA for the coming year, we think you’ll agree.
I am confident that our 2015 partnership program will be the strongest ever. And the strength from our partnership in turn, will ensure that our chapter remains strong long into the future.
Click here to view the full GMA SHRM Board of Directors
Match Voluntary Benefits to Generational Needs - Varying financial situations require a diverse benefits mix
By Elizabeth Halkos, Chief Revenue Officer, Purchasing Power
Published 11/5/2014 - SHRM Web News
Although employees typically pay the premiums when they select voluntary benefits during open enrollment, these offerings are growing in popularity because they allow workers to customize their benefits package.
While the employee is the buyer, employers are responsible for negotiating with voluntary benefit vendors and so need to know what products are most appropriate for their workers. For instance, today’s workforce spans three generations that look at work, life and finances in different ways. Likewise, they have different benefit needs.
Baby Boomers are generally the ones in the top positions of companies, and many are contemplating retiring. According to the AARP, they make up 38 percent of the workforce. The middle generation is Generation X, which has a distinctly individualistic outlook. The U.S. Bureau of Labor Statistics reports that members of Generation X make up one-third of the workforce. The youngest employees in the workforce are the Millennials, also referred to as Generation Y. They have high expectations when it comes to promotions and recognition.
Based on focus group interviews, benefits provider Purchasing Power has produced generational profiles for the Baby Boomers, Generation X and the Millennials that highlight the voluntary benefits that best address these groups’ varying financial situations.
The work ethic of the Baby Boomer generation is driven and committed, and they believe that rewards come after paying one’s dues and building a career. Their greatest fear is losing their pension, savings or job and being unable to retire.
Some Baby Boomers still have grown children living at home or are helping them out financially until they can support themselves. Others are caring for elderly parents, and some are aiding their children and parents at the same time.
For the most part, if there’s something Baby Boomers want, they are able to buy it. However, many will question if they should save that money instead. That’s because Baby Boomers, even if they are high earners, worry about retirement—both having enough money for retirement and wondering when is the right time to retire.
Voluntary benefits that typically appeal to Baby Boomers include:
• Auto insurance.
• Homeowners insurance.
• Home warranty coverage.
• Wellness programs.
Generation X (born 1965-79)
Members of Generation X have a “work hard, play hard” attitude. They believe in accumulating skills by taking on different projects. Their greatest fear is being overshadowed by Millennials and being overlooked for career advancement.
Keys to job retention for Generation X are salary, autonomy, independence and—significantly—opportunities for promotion.
This generation’s financial stressors come from multiple angles. They are raising children, preparing for care of their aging parents and trying to save for their own financial futures. The rapidly-changing retirement, Social Security and health care landscape hits them the hardest. Because of these factors, they appear to be having the toughest time financially. They find it difficult to meet their household expenses on time each month and are the most likely to carry balances on their credit cards.
Their needs include income protection, family support and help with long-term savings. Voluntary benefits most likely to appeal to members of Generation X include:
• Child care.
• Cybersecurity insurance.
• Discount programs.
• Employee assistance programs (EAPs).
• Financial counseling.
• Flexible spending accounts (FSAs).
• Homeowners insurance.
• Long-term-care insurance.
• Wellness programs.
Millenials (born 1980-2000)
Millennials tend to value professional fulfillment over salary. They expect rapid promotion and meaningful work or they’ll seek other opportunities. They often juggle many jobs and move among employers frequently. Their fears include being trapped in routine jobs or eternal internships. Keys to job retention for Millennials are personal relationships, multiple tasks and fast rewards.
The average Millennial has $29,000 in student loan debt alone. Not surprisingly, they are more worried about getting rid of debt or incurring additional debt than about their day-to-day expenses. Their needs include portable benefits, forced savings, financial education and concierge services. Voluntary benefits that would appeal to Millennials include:
• Employee purchase programs.
• Discount programs.
• Financial counseling.
• ID theft protection.
• Tuition assistance.
• Wellness programs.
By recognizing the value in voluntary benefits, employers can provide for their employees’ diverse needs and improve the likelihood of retaining a loyal, motivated workforce as well.
Local compensation data is hard to find and the GMA SHRM Compensation survey is a great resource!
Losing a key employee over compensation can be expensive (recruiting costs, training a new employee, etc.) and so can over paying employees. The new GMA SHRM Compensation Survey Report will provide local compensation data related to Base Pay, Total Cash Compensation, Salary Range Information and Pay Practices.
About the 2014 GMA SHRM Compensation Survey
Interested in obtaining your PHR or SPHR? Sign-up for a study group!
Each year, GMA SHRM offers a study group for those preparing for the PHR or SPHR certifications. The meetings are focused on open discussion/dialogues for participants on topics in any of the modules as well as test taking skills. If you are interested in participating in a study group, please contact the chapter office at firstname.lastname@example.org. The study group participants will work out a mutually beneficial meeting location and time.
The Literacy Network offers a variety of courses, tutoring and other services to Dane County community adults to further reading, writing and speaking skills. Specifically the Literacy Network offers customized language instruction to improve employees' English communication skills both on and off the job. Literacy Network excels at developing programs tailor-designed to meet your company's specific workplace needs. If you are interested in learning more please visit us at: http://litnetwork.org/programs/index.php?category_id=4493
GMA SHRM Social Media
Our Member Directory is Now Mobile Friendly!
Wish you could stay connected with GMA SHRM members? Now you can search for a member, call, e-mail or find directions to their listed location and be confident that it’s up to date. Check it out today, you can now stay better connected to GMA SHRM members and it’s just a click away at http://www.gmashrm.org/mobile
Want to know what’s going on in HR for the other areas of Wisconsin? WI SHRM has a new blog, Forward HR. Click here to take a look.
Leverage the most significant human capital in your organization – executive and emerging leadership. Start where you are, then integrate current HR systems with organizational partners to facilitate leadership and organizational.
Leave this summit with information and plans to manage the changes required to improve your strategic leadership development in the coming year and beyond.
Our speaker, Dan Loichinger, has over 25 years of success in defining leadership models, coaching executives, developing strategic leadership and designing & implementing OD projects across various industry markets. He is the founder, president and principal coach for Loichinger Advantage LLC, as well as the newest TEC Chairman in the Madison area. His unique views have been shaped by leading corporate training & development teams, as well as consulting with clients on competency models, 360-degree assessments, leadership development, change management, OD, high-potential leadership, organization mentoring, strategic planning, team development and organizational restructuring for growth.
Click here to learn more about the event!
Student Scholarship Applications Being Accepted!
Applications for the student scholarship are now being accepted! We offer 2, $750 non-renewable scholarships to a college student at one of the following schools: UW-Madison, UW-Platteville, UW-Whitewater, Globe University, Edgewood College, Herzing University, Upper Iowa University or Madison College. The application process and details can be found on the GMA SHRM Site under Membership / Student Scholarship. Please reach out to Melissa Chadwick at email@example.com with any questions.
Solo HR Practitioners’ Resource Group
Recently, members of GMA SHRM's Solo HR Practitioners' Resource Group attended Madison College to learn more about their Career and Employment Center. They received a tour and overviews of:
Additional information that may be of use to members from their office is the Graduate Report (www.madisoncollege.edu/graduate-report).
The group had an amazing tour and was able to see the hands-on/public areas for the cosmetology, bakery, culinary, dentistry, and massage programs. (NOTE: They want to go back to eat in their culinary arts area!) The college has many $120,000 simulation dummies that they use for the medical programs, including one that can deliver a baby!
If your organization is looking for strategies to promote its products or services to the Madison Area Human Resources community, this is a unique opportunity to reach out to over 800 HR professionals representing more than 500 employers.
Reach HR professionals through GMA SHRM while also enjoying the benefits included in your partnership with one of the largest, most successful chapters in the United States.
We are currently offering Gold, Silver and Bronze Corporate Partnerships levels for 2015. Click here to see the benefits of becoming a Corporate Partner. Sign up now through November 10th, 2014 to secure your place as a partner.
Volunteer GMA SHRM members will be following up through October regarding this limited-time annual partnership offer. If you’re interested, please contact Shaun Thomson (firstname.lastname@example.org), or Meg McGrane (email@example.com) to secure your spot for 2015!
We appreciate your consideration of these opportunities and look forward to another successful year with our corporate partners, sponsors, and advertisers!
The Corporate Partnership Program renews every calendar year with active solicitation beginning in the fall. Please contact the chapter office at firstname.lastname@example.org to express your interest in a corporate partnership. One of our volunteers will contact you to answer any questions and assist you in signing up for your selected level of partnership.
Return to Top
We are in the beginning stages of forming our new committee, Technology & Social Media, which is spinning off from the Marketing & Communications committee. The new committee will be responsible for website revisions, social media posting, and coming up with new ways for our members to engage and collaborate via technology (the exciting part!). If you are interested in joining the committee, please contact Melissa Versnik at (608)826-1122 or email@example.com
Name: Kathleen Bobholz-Rewey
Where do you currently work?
Momentum Insurance Plans, Inc.
What is the focus of your position?
I work with insurance agents and Human Resource professionals to create plans that fit a company’s needs and budget. We are a local Dane County company but have a state and nationwide network.
Which of your career accomplishments makes you proudest?
Getting our local dental insurance company on the Federal exchange for 2015!
What is the best advice you’ve ever received?
Be fired with enthusiasm or you will be fired with enthusiasm-Vince Lombardi
Why did you decide to join GMA SHRM?
Heidi Hoffland, our Human Resource Director, suggested looking into SMA SHRM. She spoke highly of the people in the organization and the professional development opportunities available to members.
If you’d like to be published in an issue of HR InTouch, please complete this profile and submit (along with a photo) to Tia Gibson @ firstname.lastname@example.org.
How long have you been volunteering with GMA SHRM?
What committee are you volunteering with? Have you volunteered on other committees? If yes, which one?
Current = Marketing and Communications
In the past = Human Capital Conference Committee
What do you enjoy about volunteering?
I get an opportunity to work with a wonderful group of HR professionals and vendors from a variety of organizations in and around the Madison area on projects that make an impact on the success of our chapter.
What would you say to others who are considering volunteering with GMA SHRM?
DO IT! Start by just attending a committee meeting and see what kinds of things they work on. Get acclimated and then volunteer for things that interest you, will give you new experiences, and will connect you with other HR professionals outside of your organization.
What have you gotten back from volunteering with GMA SHRM?
It has been a great way to connect with HR professionals and those who serve the HR community in a way that goes much beyond just an exchange of business cards. When I hit a road block at work, I know I can reach out to any of the other connections I have made through volunteering for suggestions, insight, and examples of how their organization has handled a situation.
Welcome New Members!
GMA SHRM welcomes the following members who joined our chapter in September 2014!
Have you started with a new company? Has your organization recently promoted you to a new position? Or do you want to recognize a new person or promotion within your department? If so, we want to hear about it. Send us an e-mail, and we’ll publish your good news in the next HR InTouch!
If you are a member who is in between jobs, or who is currently employed but seeking new positions or career paths, write us a brief description of your skill set, areas of expertise, what you’re looking for, etc. Send us an e-mail. We’ll publish your information in the next HR InTouch.
HR InTouch Guidelines
Do you have an interest in writing for the HR InTouch? We have an interest in learning more about your area of expertise!
Why should you volunteer? Top three reasons: 1) to share your knowledge and experiences to educate others; 2) to become more connected in the HR and Dane County communities; and 3) to contribute towards the advancement of GMA SHRM and the HR profession.
The first step is for you to choose a submission option: you can pre-submit an article to GMA SHRM at any time for us to use in any of the upcoming newsletters, you can sign up to write for a particular month, or we can put you on a list of people to contact in future months whenever we need articles.
Because the HR InTouch is now in an online format, the size is flexible. The article should be engaging and hold readers’ attention. Include the core information in your article, and we will advise if it is too lengthy.
GMA SHRM is conscious not to allow solicitation through the articles, in an effort to protect the interests of our partners and members. The nature of the article should be educational (i.e., what are the business advantages of having a product like yours) or informational. Otherwise, if you truly are interested in advertising through the HR InTouch, you can work with our Marketing Committee. As a rule of thumb for article writing, if the submission relates to a for-profit event, or specifically markets your company (vs. your industry), it is an advertisement, and should be purchased. If it is a not-for-profit event that your company is hosting, or an announcement (i.e., a SHRM member recently joined your company), it is an acceptable addition to the HR InTouch content. If you have any questions related to the appropriateness of your submission, please contact us.
If you have questions, or to submit an article, contact GMA SHRM at email@example.com .