Nationwide statistics tell us that record numbers of employees have been transitioning to other jobs or out of the workforce altogether. While younger people often change jobs from one company to another, those were not the primary job transitions reported in 2021. More high-value employees transitioned during 2021 than ever before. These are long-term employees…
Whether the labor market is competitive or sluggish, employee retention is much simpler than hiring and training new staff. There are many benefits to retaining good employees. One of the most significant factors is reduced cost. It’s usually much cheaper to keep the employees you already have than to hire new people. Additionally, keeping on…
Your company runs on specialized and proprietorial knowledge. However, if your company is like most, the principal repository for that essential information is employees. When an employee moves on or retires, the knowledge they hold in their mind walks out with them. This has two consequences. First is that new employees often have to start…
2020 proved to many of us that resilience and strong leadership are vital when keeping a company going during adversity. Now that a new year has begun, we wanted to look ahead to help business owners like you grow your company in 2021. What strengths do I need to nurture in 2021? We face a…
In 1597 Sir Francis Bacon said, “Knowledge itself is power.” People around the world have stated this axiom for centuries, and it has been proven to be true time and time again. However, many, many companies do not apply this idea to their business. They allow institutional knowledge and specialized skills to walk out the…
Here are eight easy-to-implement tips that will help you encourage engagement in your employees as your push toward reaching your 2016 business goals. 1. Give your employees tasks they can feel proud of. While everyone has day-to-day work assignments that must be done, it is incredibly important to provide employees with meaningful work. Perhaps an…