Employees involved in "lifestyle choice".For Lyle Knudsen of Equipment World, the key to retaining valuable employees into the future is through flexibility and allowing workers to realize they are involved in a "lifestyle choice," not just a place of work. The Thunder Bay-based equipment supplier and service operation employs highly skilled technicians and is concerned about retaining these skilled workers. As such, the company is willing to do what it takes to make the company succeed. "We're moving forward to adapt to people's needs," says Knudsen, the general manager and president of Equipment World. The centrepiece of the company's retention strategy, however, is allowing flexibility in employment guidelines guidelines, n.pl a set of standards, criteria, or specifications to be used or followed in the performance of certain tasks. and keeping working hours open to the circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or of each worker, he states. Under the company's discretion, Equipment World allows its employees to take full advantage of the company's facilities and equipment for their own personal use. Knudsen further adds that Equipment World offers more tangible benefits for their salaried workers. [ILLUSTRATION OMITTED] Beyond the traditional benefits package, Equipment World has also introduced a profit-sharing plan Profit-Sharing Plan A plan that gives employees a share in the profits of the company. Each employee receives into an account, a percentage of those profits based on their earnings. Also known as "deferred profit-sharing plan" or "DPSP". for salaried employees, which provides incentives for efficient work. The company also owns and maintains a private residence in Florida, which they allow staff members to utilize whenever they want, subject to company discretion and policy. A sense of belonging is important in a company, Knudsen says. Equipment World, he says, operates under an open-door policy Noun 1. open-door policy - the policy of granting equal trade opportunities to all countries open door national trading policy, trade policy - a government's policy controlling foreign trade where staff members can submit their ideas in writing at weekly staff meetings. www.equipworld.com BY JOSEPH QUESNEL Joseph Quesnel (15 November 1746 – 3 July 1809) was a French Canadian composer, poet, and playwright. Among his works were two operas, Colas et Colinette and Lucas et Cécile; the former is considered to be the first Canadian opera. Northern Ontario Business Northern Ontario Business is a Canadian magazine, which publishes monthly in Greater Sudbury, Ontario. The magazine covers business news and issues in Northern Ontario. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion