March 2020
FY 2020 UPDATE
July 1, 2019 - June 30, 2020
PROGRESS CHECK By Megan van der Meide, Director of Human Resources EXCEL is a “gain sharing” program that provides the opportunity for a financial bonus that is shared equally amongst all employees. The program is designed with goals to which all employees can contribute. FY20 goals include: Financial, Safety, Turnover and Resident Satisfaction.
FINANCIAL GOAL
SAFETY GOAL
TURNOVER GOAL
Net Cash Flow must exceed budget for the fiscal year. Net Cash Flow is comprised of two components:
OSHA recordable incidents of no more than 32 incidents for the fiscal year. At present, Shell Point has had 24 recordable incidents.
Achieve overall employee voluntary probationary turnover of less than 20%. The current voluntary probationary turnover is 24%.
1. Cash flow from operations (cash revenues minus cash expenses) 2. Cash flow from re-sales (proceeds from entrance fees, less refunds) is limited to no more than 50% of the maximum payout of 5% of salaries. The actual results for the financial goal cannot be determined until the end of the fiscal year on June 30, 2020.
RESIDENT SATISFACTION GOAL Achieve an overall resident satisfaction score of at least 4.25 (out of a 5-point scale) on FY2020 resident surveys. The results of this goal will be determined from the results of a resident engagement survey that will be sent out to all residents in March.
All employees receive a 5% discount at Gavin’s Ace Hardware located at San Carlos and Kelly roads. Just tell them you’re from Shell Point and show them your Shell Point name badge!
5%
Discount
is the official newsletter for Shell Point employees distributed by Human Resources. To share your comments, story ideas, news items, or photos, please contact Human Resources, by calling 454-2162 or emailing: benefits@shellpoint.org.