10/23/2015 Human Resources A Comprehensive Approach.
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Transcript of 10/23/2015 Human Resources A Comprehensive Approach.
![Page 1: 10/23/2015 Human Resources A Comprehensive Approach.](https://reader036.fdocuments.in/reader036/viewer/2022062422/56649eef5503460f94bff8bd/html5/thumbnails/1.jpg)
04/20/23
Human Resources
A Comprehensive Approach
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04/20/23
Hu
ma
n R
eso
urc
es V
alu
e A
dd
ed
HR Strategy Spectrum
Reactive
Strategic
Industry
NB Power
high
highlow
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04/20/23
This is how we did it.
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04/20/23
VisionPeople at Their Best
MissionCreate a Work Environment that gives both Teams and Individuals an opportunity…to Perform at their Best.
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04/20/23
Employee Growth & Evolution
Four Principles
Team Work
Customer Focus
Corporate Excellence
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The Work EnvironmentAwareness
Trust
Challenging
Enthusiastic
Opportunity
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Team Based Resourcing
Dual Track Compensation
Relationship Management
Leadership
Partnership with Labour
Safety
Well-Being
DiversityPhilosophies
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04/20/23
Team Based Resourcing
Dual Track Compensation
Relationship Management
Partnership with Labour
Safety
Well-Being
DiversityPhilosophies
![Page 9: 10/23/2015 Human Resources A Comprehensive Approach.](https://reader036.fdocuments.in/reader036/viewer/2022062422/56649eef5503460f94bff8bd/html5/thumbnails/9.jpg)
04/20/23
Team Based Resourcing
Dual Track Compensation
Relationship Management
Partnership with Labour
Safety
DiversityPhilosophies
![Page 10: 10/23/2015 Human Resources A Comprehensive Approach.](https://reader036.fdocuments.in/reader036/viewer/2022062422/56649eef5503460f94bff8bd/html5/thumbnails/10.jpg)
04/20/23
Savings
Noteworthy AccomplishmentsWell-Being
Sick Days per Employee 2006
1 < sick day/ 2500 employee =
$700,000 in direct costs / yr
1 < sick day/ 2500 employee =
$ 2.8m in indirect costs / yr
Province of NB – 8.5 days (Statistics Canada)
Utilities – 9.1 days (Statistics Canada)
National Average – 7.8 days (Statistics Canada)
NB Power – 6.3 days (5 Year Average)
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04/20/23
Long Term Disability Increases
Noteworthy Accomplishments
NB Power – decrease of 15% - 2006-2007
National Average – 7% (Morneau Sobeco Consulting)
Well-Being continued…
Savings$360k / yr
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04/20/23
1978-1993
2001-2007
9 Lost Time Accidents
175 Lost Days
110 + Lost Time Accidents
1500 – 2000 Lost Days
Noteworthy AccomplishmentsSafety
Savings$7.5m (approximately) in directs costs in 10 yrs
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04/20/23
Flex Benefits Costs
Four
Long Term Agreements
Noteworthy AccomplishmentsLabour
Pre-flex Benefits 1999 – $9.2M
Flex Benefits 2010 Projected Costs - $12.6M
Pre-flex Benefits 2010 Projected Costs - $24.1M
Savings$62.4M – est. cumulative cost by 2010
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04/20/23
Lowest Rate Group
Noteworthy AccomplishmentsWorkers Compensation
Savings
38 groups
Grouped with banking & advertising industries
1992 - $1.01 (peak costs)
Lowest rate – $0.40
2005 - $0.48 (same as flower shops!)
Highest rate – $10.25
$400k / yr
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04/20/23
Percentage of women
Diversity
Noteworthy Accomplishments
22%
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Noteworthy Accomplishments
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04/20/23
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