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Human Resources

A Comprehensive Approach

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Hu

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HR Strategy Spectrum

Reactive

Strategic

Industry

NB Power

high

highlow

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This is how we did it.

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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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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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Team Based Resourcing

Dual Track Compensation

Relationship Management

Partnership with Labour

Safety

Well-Being

DiversityPhilosophies

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Team Based Resourcing

Dual Track Compensation

Relationship Management

Partnership with Labour

Safety

DiversityPhilosophies

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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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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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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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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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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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Percentage of women

Diversity

Noteworthy Accomplishments

22%

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Noteworthy Accomplishments

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Who has a question, comment or concern?