Wallingford Business Insurance: Most People Don’t Make Eye Contact

Wallingford Business Insurance Most People Don't Make Eye ContactWallingford Business Insurance: Most People Don’t Make Eye Contact

A man talking loudly on his phone in a restaurant; a sulky teenager hunched over their phone checking Facebook; a frantic business associate checking emails while walking down the hall to get coffee; these scenarios used to be taboo, rude even. Now, they’re commonplace across all ages and demographics. Smartphones have changed our lives- but what are the hidden costs?

Analytics company, Quantified Impressions found that adults make eye contact an average of 30-60% of the time. However, for making a connection, 60-70% is ideal for eye contact.

In business, how you communicate matters. But oftentimes, more emphasis is placed on the words we say rather than how they are said. In truth, what makes a competent speaker is both nonverbal and verbal communication skills. And, one of the top ones is eye contact.

Eye contact conveys status, confidence and respect, and using it can be a tool for engaging and influencing others. Looking at a colleague when speaking conveys confidence. Prolonged eye contact in a debate can show you’re standing your ground. What’s more, people who are high-status tend to look longer at people they’re talking to, compared with others. Inversely, people who avoid eye contact or don’t hold it are viewed as untrustworthy or insecure. Employees get the message they are not important and can resent the lack of attention.

In general, holding eye contact is best for 7-10 seconds at a time. For group settings, hold it for 3-5 seconds. Careful to ease up every now and then- too much eye contact can seem overbearing and authoritative or inauthentic.

At Sinclair Risk & Financial Management, we’ll develop creative, unique solutions that are in step with an ever-changing and challenging economic landscape that affect your Wallingford business, insurance and risk management strategy, and profitability. Give us a call at 203.265.0996 for more information on our Wallingford Business Insurance programs.

Wallingford Business Insurance: Defining the Generations

Wallingford Business Insurance Defining the GenerationsWallingford Business Insurance: Defining the Generations

Two significant changes have altered the modern workforce. People are living longer. The average life expectancy of a U.S. citizen is 78.8 years. As a result, more older adults are working longer, pushing past the traditional retirement age of 65 years. And as the youngest generation of college graduates enter the work force, it created a new work dynamic that was previously unheard of. So what exactly are the three generations? What distinguishes them from each other?

Right now Baby Boomers, Generation X and millennials make up the majority of the workforce. The Baby Boomers are the oldest generation in the workforce, born following World War II roughly between 1946-1964. In general they are associated with a rejection of traditional values. In the workplace, professional accomplishments are extremely important to Baby Boomers. They can be known as workaholics and thrive on competition, personal fulfillment, quality and involvement. Baby Boomers prefer to communicate with one-on-one meetings.

Generation X is the generation born after the post-WWII baby boom between 1965-1980. Many Gen X-ers grew up in a two-income family and tend to seek more of a work-life balance. Gen X is known for being entrepreneurial and enjoying more freedom and autonomy in the workplace. They would rather communicate through email rather than meetings.

Millennials are the newest generation, born between 1981-1999. They grew up multi-tasking and can have a short attention span. They have high expectations of the workplace and are confident in their abilities. They are also extremely comfortable with technology and prefer to use it to communicate. They also are more likely to favor flexible working arrangements such as telecommuting.

Each generation brings a set of different social and cultural differences. While it is a great opportunity for collaborative innovation it can also simultaneously bring up conflict. Managing inter-generational relationships in your Wallingford business will become increasingly important over the next few years.

At Sinclair Risk & Financial Management, we’ll develop creative, unique solutions that are in step with an ever-changing and challenging economic landscape that affect your Wallingford business, insurance and risk management strategy, and profitability. Give us a call at 203.265.0996 for more information on our New Haven County Business Insurance programs.

Wallingford Group Benefits: Small Business Healthcare Exchange Delayed

Wallingford Group Benefits Small Business Healthcare Exchange DelayedWallingford Group Benefits: Small Business Healthcare Exchange Delayed

Small business owners will have to wait at least until 2015 before they can offer a choice of health care plans to their employees.

In the latest news on the implementation of the Affordable Care Act, the administration announced they would be unable to meet the deadlines outline in the ACA.

The ACA calls for a new insurance marketplace specifically for small businesses to be set up next year. The goal was to provide workers with a choice of health plans. However, instead they will only have one option- whichever one their employer chooses. This option is already available to many big businesses.

The administration cited “operational challenges” as a reason for the delay. There has also been concern from companies, health plans and brokers wouldn’t be able to adjust to the new marketplace in time.

These changes will only affect the 33 states where the federal government will be running insurance markets. They will delay the deadline requirement for other states as well.

The goal of the small business exchange is for business owners to be able to offer employees the choice of qualified health plans from several insurers, as many larger companies can. Having them all in the insurance exchange will also consolidate billing for business owners.

Businesses with up to 100 employees will be able to buy insurance in the exchanges, but in 2014-15, states can limit participation to businesses with 50 or fewer employees.

Sinclair Risk & Financial Management works with companies of all sizes to design and implement Wallingford CT Group Benefits Medical options that rethink the traditional way of offering benefits and meet the financial needs of employers while also addressing the choices and flexibility employees want. Contact us today for more information (877) 602-2305.

Wallingford Group Benefits Insurance: How to Reduce Employee Turnover

Wallingford Group Benefits Insurance How to Reduce Employee TurnoverWallingford Group Benefits Insurance: How to Reduce Employee Turnover

Increasing employee retention benefits businesses in several areas. It saves recruiting costs and time and can boost company morale across the board. Here are some tips to reduce employee turnover.

The Hiring Process:

Look at all aspects of the candidate. Don’t assume the candidate with the Ivy League degree and computer skills. How do they interact with others? Are they friendly? Engaging? Easy to work with? Are they willing to work the long hours needed? How will they fare in your company’s collaborative team environment? How a candidate fits into a company’s culture and work style can be just as important as their qualifications.

Retaining current employees:

Input & feedback. Ask your employees what they think! Not only will employees feel valued and appreciate that you are listening to their opinions, you could get some great insight you might not otherwise have thought of. And communication goes both ways. Take the time to provide regular feedback to employees. They will appreciate the time you are investing in them and will repay you in the long run.

Employee benefits. Offering employee benefits is a crucial tool in increasing employee retention. Many employees cite benefits as a top reason for staying with a company, even over salary. Providing group benefit plans, wellness plans, and group health plans are great resources to boost employee retention.

Perks & policies. Slightly different from benefits, offering employees perks can help boost morale and keep them engaged and motivated at their job. This doesn’t have to be expensive, Google-like promises of free lunches, fantasy-like workspaces and tech gadgets. Rather, even flexible workplace policies, monthly staff lunches, or extra vacation days can make the difference in increasing employee retention.

Sinclair Risk & Financial Management works with companies of all sizes to design and implement Wallingford CT Group Benefits Medical options that rethink the traditional way of offering benefits and meet the financial needs of employers while also addressing the choices and flexibility employees want. Contact us today for more information (877) 602-2305

Connecticut Food Manufacturing Insurance: Food Borne Illness Liability

Connecticut Food Manufacturing Insurance Food Borne Illness LiabilityConnecticut Food Manufacturing Insurance: Food Borne Illness Liability

A recent report in Food Manufacturing shows that 200 people who dined at a popular Las Vegas restaurant reported food poisoning symptoms. The outbreak is the largest southern Nevada health officials have seen in at least a decade. Officials estimated there were likely many more cases that were unreported.

The consequences were severe for the restaurant. It has been closed since April 26. Inspectors hit the restaurant with 44 demerits, such as storing food at improper temperatures and employees handling food without gloves. The owner is looking to reopen at a different site and hired a food safety consultant to implement the district’s recommendations.

It can be difficult to pinpoint the exact source of food borne illness. Sometimes it can be employee haste, failing to follow hygiene protocol or correct food preparation practices during rush times, or a particular menu or ingredient.

Experience a large scale food borne illness like this is a restaurant owner’s nightmare. But it can happen to any restaurant or food manufacturer. The restaurant was one of the highest rated restaurants in Las Vegas, with a 4 ½ out of a five-star scale on Yelp and had over 1,300 reviews.

In events like this, having the right insurance coverage is crucial. A minor kitchen fire could cause a restaurant to shut down. Food contamination could ruin a brand’s reputation and send them spiraling into long legal battles. The restaurant and food industry is a highly competitive sector with unique coverages- their insurance coverage should reflect that.

Sinclair Risk & Financial Management has the innovative food manufacturing insurance and risk management insurance Solutions for Connecticut food and beverage Manufacturers processors, packers, distributors and restaurants. We’ll help you implement customized proactive safety programs to help reduce work-related accidents and improve your bottom line. Contact us today for more information about our Connecticut Food Manufacturing Insurance. (877) 602-2305

Business Insurance: Impact of Baby Boomers in the Workforce

NEW HAVEN COUNTY BUSINESS INSURANCE IMPACT OF BABY BOOMERS IN THE WORKFORCENew Haven County Business Insurance: Impact of Baby Boomers in the Workforce

According to U.S. News, approximately one in eight Americans is 65 or older. Estimates suggest that by 2030, one in five will be considered a senior citizen. U.S. News recently gave an analysis on the baby boomer’s impact on the workforce:

Fewer opportunities for younger workers. With baby boomers working longer, there are fewer job opportunities available for millennials looking to enter the workforce. In a tight job market, employers may have to choose between retaining older workers and hiring younger ones.

Younger supervisors managing older workers. New bosses tend to come in with new initiatives and changes that can be met with resistance by the current employees. If it is a younger supervisor managing older employees, it can potentially complicate things further.

Corporate culture conflicts. Younger workers enter the workforce driven by money and the ability to rise in the corporate ranks. Older workers, having years of experience, tend to lean towards emotional rewards, such a feeling needed, learning new skills and making a contribution to the company. The different sets of values and views can create different expectations and complicate inter-generational working relationships.

Additional costs. As employees work longer, the costs can also rise. Healthcare cost has risen significantly and older employees tend to have higher healthcare expenses than younger workers. This problem will only be compounded as healthcare reforms continue to roll out.

The new work environment presents complex new challenges to supervisors and managers working in inter-generational work environments. Conflicts may occur. However there is also an opportunity for increased collaboration that was previously unheard of.

As your advisor, we’ll make a tangible difference to your business by providing you with a better understanding of the exposures and liabilities that exist in your daily operations and implementing programs to safeguard against them, minimize losses, reduce claims, and ultimately provide significant opportunities for savings with a business insurance policy. Contact us today for more information about our Connecticut New Haven County Business Insurance (877) 602-2305