For businesses to thrive in today's economy, finding and retaining the best talent is critically important. This is particularly true for small businesses competing on a global scale. Frequent employee turnover has a dire effect on a company's morale, finances (often measured at 6-9 months salary) and most importantly, it slows the company down. But is long-term employment even viable in this job market?
We made the mistake of overlooking the "fit factor" before, and morale and productivity plunged. It was difficult to turn it all around. Now we prioritize compatibility during the hiring process -- we want people who work hard and play hard together. Attention to culture fit has not only made our company a better place to work, it's boosted our ROI.
Millennials are particularly sensitive to recognition, as only 40 per cent of millennials are happy with the rewards and recognition their company offers. The same survey found that while 50 per cent of millennial employees crave recognition, just 32 per cent say their company offers a recognition program.
Ultimately, you want your people moving up the leadership ladder, going from being told what to do, to providing opinions and recommendations, to advising what they intend to do and what they have done. The more comfortable your people are in making decisions on their own, the more control the leader is giving up.
Successfully motivating business teams has been so frequently compared to coaching a winning sports team that I thought twice about using the popular sports metaphor in this post. But business success is driven by a united team whose members respect one another and recognize that each has very different roles -- and strengths.
In the constantly evolving and socially driven society we live in today, the very definition of a workplace has changed. Coworking has become a global movement where work is done outside the confines of a traditional workspace and is instead in a shared working environment either in an office or other public space.
Business is global and more competitive than before and managers' loyalty is to the bottom line (and their bonuses). When spending 10 or more hours together in the workplace, relationships (romantic and otherwise) are bound to result. So, here are 10 reasons why a boss/employee relationship is not a good ide.
What if you were in a horrible job and it resulted in more visits to the doctor's office? What if the Western world was actually getting unhealthier as a result of unhappy careers and even unhappier workplace environments? What if there were health consequences to the predicament employees face in their current positions?
Employers are not "hooked" on temporary foreign workers because they provide critical skills on an emergency basis (as the program was intended) but because they work hard (and presumably for cheap). So who's to blame? It's time for management to look in the mirror. For the last 50 years organizations have invested in just about anything except their employees, who are increasingly treated as replaceable widgets. The federal government is also complicit. Why should employers bother to train, motivate and engage their workers when they can simply replace them with foreign "temporary" workers?
Can you honestly say that you are happy at work? If you answered yes to that question then congratulations, you belong to a small demographic of gainfully employed individuals fully committed to their role at work. A new study released by Gallup on the State of the Global Workplace found that only one in eight workers worldwide -- or 13 percent -- feels "engaged."
Ultimately, creating a Corporate Social Responsibility policy may seem like a daunting, distant proposition. But if your company is committed to upholding far-reaching and long-term sustainability standards, it's best to be clear about what that means and demonstrate that commitment by weaving it into your corporate DNA early on.
In a time where anyone with a smartphone can become a news aggregator or citizen journalist, corporations appear to following suit, and are coming down with a serious lack of continuity in their communications. I'm talking about how understanding what some companies are trying to stand for these days has become an impossible task.
What you may ask is diversity fatigue? It is the Herculian effort required by diversity practitioners to keep the momentum going through the toughest economic crisis since the depression. It is maintaining the gains with front-line managers (the so-called frozen middle) who ask "when will this diversity thing end? Have we not handled it by now?"