High turnover represents an unnecessary cost. With the right retention policies, you can keep your best talent in place. You’ll save money and get more out of your limited resources. But how can you make that happen? Keeping your employees happy requires foresight and a holistic approach. These investments pay off in the long run,… Read more »
Productivity equals profit. The more effectively you deploy resources, the better your margins become. That added efficiency eventually falls to the bottom line. It may seem like you have reached the limit of your employee output. But that could be an illusion. Most teams have a long way to go. For instance, one study showed… Read more »
As a good supervisor, you strive to get the best out your team, no matter the circumstances. However, that task gets trickier when direct oversight isn’t actually possible. In those situations, you need to upgrade your managing game. To do that, you should implement the best practices for performance management to get the most out… Read more »
Breakups are hard. It’s as true in business as it is in relationships. When employees leave, it can create an awkward situation. This is true no matter the circumstances, But managing the departure the right way can create significant value. Having a strong offboarding process can actually improve employee retention. At the same time, it… Read more »
It felt good to finally say “goodbye” to 2020. Unfortunately, 2021 isn’t off to a much better start. All signs point to another complicated year…but that doesn’t mean you can put business on hold and wait for better circumstances. You still need to build and manage your team, which involves leveraging this year’s recruiting trends… Read more »
Building the perfect team requires great hiring and exceptional management. But those aspects are only part of the equation. It’s also crucial to invest in retention so that you can keep your best employees right where they are. Losing workers is expensive. One data set showed that an hourly worker costs between $4,000 and $7,000… Read more »
COVID has been with us so long that it often seems like it will never pass. We’ll be stuck either laid off or in virtual-work purgatory forever. But, eventually, the threat of the virus will pass, and workers will return to their pre-pandemic schedules. When that happens, you’ll have to help your employees readjust to… Read more »
The coronavirus outbreak has many managers looking for ways to upgrade their ability to successfully manage their remote teams. What had been a finely tuned machine in the office has, in the wake of COVID-19, become a frustrating mess. Workers struggle to adjust to their new at-home routines, and supervisors scramble to create productive procedures… Read more »
Communicating with your candidates is always important, but maintaining strong communication with them during a crisis can set you apart from your competitors. Thanks to COVID-19, our economy came to a grinding halt in March, and businesses are facing unique challenges. On one hand, millions of businesses were deemed “non-essential” and were forced to close… Read more »
It’s a moment you dread. Your top employee has walked into your office and sheepishly informed you that they plan to leave for another opportunity elsewhere. They’re respectful and professional in the process, but you’re left to wonder: what’s the real reason they’ve chosen to quit? Retention should be a key part of your recruitment… Read more »
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