Cost of Employee Turnover The Advisor COST OF EMPLOYEE TURNOVER by William G. Bliss The following is a comprehensive checklist of items to include when calculating the cost of turnover in any organization. It should be noted that the costs of time and lost productivity are no less important or real than the costs associated with paying cash to vendors for services such as advertising or temporary staff. These calculations will easily reach 150% of the employees annual compensation figure. To put this into perspective, let's assume the average salary of employees in a given company is $50,000 per year. Do you know any CEO who would not want to add $7.5 million to their revenue? Here is the list: Costs Due to a Person Leaving Calculate the cost of the person(s) who fills in while the position is vacant. Recruitment Costs Training Costs Calculate the cost of orientation in terms of the new person's salary and the cost of the person who conducts the orientation. Lost Productivity Costs New Hire Costs Lost Sales Costs
Annual Filings for Tax-Exempt Charitable Organizations Annual Federal Filing Requirements Almost all nonprofits have an obligation to file an annual return with the IRS - even those that are so small that they are not required to apply to the IRS for recognition as tax-exempt (such as those that normally do not have more than $5,000 in annual gross receipts), as well as organizations exempt under other Code Sections, such as 501(c)(4). (Of course, there are some exceptions.) Annual IRS returns are known as the "990 series" because there are several forms that use the number 990, including Form 990, Form 990-EZ, Form 990-N, Form 990-PF, for private foundations, and 990-T, used to report unrelated business income. Guidance for small nonprofits (with annual gross receipts under $50,000): Your nonprofit must file Form 990-N, Electronic Notice (known as the "e-Postcard") for Tax-Exempt Organizations not Required To File Form 990 or 990-EZ. The ePostcard is easy to complete. Practice Pointer: Should the board review the annual report to the IRS?
Incentive Marketing Association Incentive Market Study, October 2013 The October 2013 Incentive Market Study by the Incentive Federation confirms that the non-cash incentives market is thriving with 74 percent of U.S. businesses spending $76.9 billion annually on incentive travel, merchandise and gift cards. Read the complete study. Establishing a "Systems Framework” to ensure all critical variables required to drive performance have been exposed Connecting people to the plan requires a systematic approach when designing Incentive programs. 2014 Circle of Excellence and Recognition Award Recipients to be Honored at IMA Summit in Philadelphia – Submissions Due May 15th This year, IMA's major awards will be presented at the Executive Summit, scheduled July 27 - 29 in Philadelphia, Pennsylvania. George Delta, Esq. On January 15, 2014, outgoing 2013 IMA President Mike Arvelo CPIM announced George Delta, Esq. as the recipient of the 2013 President’s Award.
Ethics and Accountability in the Nonprofit Sector America’s charitable nonprofits rely on the public trust to do their work. That is why it is so important that charitable nonprofits continuously earn the public’s trust through their commitment to ethical principles. If only one donor loses confidence in a charitable nonprofit because the nonprofit behaves unethically, that’s one too many. That’s why the National Council of Nonprofits is taking this opportunity to showcase excellent resources that charitable nonprofits can use to demonstrate the core values of accountability and transparency. What demonstrates accountability and transparency in a charitable nonprofit? Accountability starts with a written conflict of interest policy.Transparency starts with the information a charitable nonprofit posts on its website. Does your nonprofit have a "code of ethics?" The Council of Nonprofits encourages all nonprofits to craft an appropriate "statement of values" or "code of ethics" for your nonprofit. Resources: The ethics of confidentiality
The Incentive Research Foundation :: Home Non-profit organizations A non-profit organization is a group organized for purposes other than generating profit and in which no part of the organization's income is distributed to its members, directors, or officers. Non-profit corporations are often termed "non-stock corporations." They can take the form of a corporation, an individual enterprise (for example, individual charitable contributions), unincorporated association, partnership, foundation (distinguished by its endowment by a founder, it takes the form of a trusteeship), or condominium (joint ownership of common areas by owners of adjacent individual units incorporated under state condominium acts). Non-profit organizations must be designated as nonprofit when created and may only pursue purposes permitted by statutes for non-profit organizations. Non-profit entities are organized under state law. For non-profit corporations, some states have adopted the Revised Model Non-Profit Corporation Act (1986).
Recognition Council