10/23/2015 Human Resources A Comprehensive Approach

04/20/23

Human Resources

A Comprehensive Approach

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

04/20/23

This is how we did it.

04/20/23

VisionPeople at Their Best

MissionCreate a Work Environment that gives both Teams and Individuals an opportunity…to Perform at their Best.

04/20/23

Employee Growth & Evolution

Four Principles

Team Work

Customer Focus

Corporate Excellence

04/20/23

The Work EnvironmentAwareness

Trust

Challenging

Enthusiastic

Opportunity

04/20/23

Team Based Resourcing

Dual Track Compensation

Relationship Management

Leadership

Partnership with Labour

Safety

Well-Being

DiversityPhilosophies

04/20/23

Team Based Resourcing

Dual Track Compensation

Relationship Management

Partnership with Labour

Safety

Well-Being

DiversityPhilosophies

04/20/23

Team Based Resourcing

Dual Track Compensation

Relationship Management

Partnership with Labour

Safety

DiversityPhilosophies

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)

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

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

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

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

04/20/23

Percentage of women

Diversity

Noteworthy Accomplishments

22%

04/20/23

Noteworthy Accomplishments

04/20/23

Who has a question, comment or concern?