Unemployment is low, and today’s employees are fickle. They’re easily pulled away from stable employment by the promise of a higher salary and perks like flex scheduling and remote work. And if one person leaves your company, everyone else starts to look around and wonder if they should too. If you’re not careful, you could… Read more »
No one wants to hire someone who’s simply going turn around in a few months and leave for another job. Recruiting, hiring, and training is costly enough as it is. Plus, a departing employee messes with your company’s morale and destroys any hope you had of developing a good sense of teamwork. Here are some… Read more »
As a new generation of workers overtakes the workforce, companies need to keep up with changing needs and demands to attract new employees and maintain the loyalty of their old ones. When so many employees are quick to leave a job for a new opportunity, employee loyalty is more important than ever. Your best employees,… Read more »
The retirement of baby boomers has been looming for years. How will it affect the economy? How will it affect social security? More and more retirement communities are being built, along with smaller, more manageable homes and properties. But how will it affect your company? Depending on the demographics of your company, it could have… Read more »
At this point, we all know that employee turnover is costly. And we want to do whatever we can to reduce it. It means keeping employees satisfied, and fortunately, it doesn’t mean that we need to give everyone a raise as soon as you sense any angst. The real solution is much cheaper than that…. Read more »
No matter how great your company is, you’re bound to get a negative review here and there. It might be an angry or emotional employee who left an unfair review. And that’s a problem because almost 61% of job seekers say they check websites like Glassdoor before making a decision about a company. So it’s… Read more »
High employee turnover can have a devastating impact on your company’s bottom line, not to mention on your team’s morale. It’s estimated that the average cost of a departed employee is 38% of their annual salary. When someone leaves, you’re looking at lost knowledge, training costs, interviewing expenses, and recruitment costs that all add up… Read more »
Teamwork is a buzzword that will probably never die. You can facilitate teamwork retreats for your staff, post inspiring quotes and posters around the office, and structure your projects and accountability to encourage it. There are countless books and podcasts about it, and it’s even taught to small children early and often. Here’s why teamwork… Read more »
Thanks to improving technology, more and more companies are opening up remote work opportunities—which is great as long as you’re prepared to handle it. It’s a great perk to show off to prospective employees, but it does operate by an entirely different set of rules than the traditional office. Here’s how you can prepare your… Read more »
Hiring is a stressful business. And hiring the wrong person can be pretty costly. Even when you simply consider the financial costs of a bad hire, it can be a pretty devastating mistake. Some recruiters estimate the cost of onboarding a new employee at several hundred thousand dollars while the Department of Labor claims it’s… Read more »
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