Establishing strong workplace culture is crucial for business leaders who want to recruit the best talent, retain their strongest employees, and see high levels of engagement from team members. Workplace culture improvement is a process that shouldn't be rushed, so use this list as a long-term guide.Read More
Vital Insight Into Management Training Success
Expert Tips For Building A Strong Leadership Development Strategy
Retaining employees is one of the most crucial factors in running a successful business. Not only is employee turnover expensive, it can stifle growth, and decrease morale and togetherness in the workplace. Fortunately, there are a few key strategies that can help any organization keep people around, and see continued success.Read More
According to the Gallup-Healthways Well Being Index, an estimated $300 billion per year is being lost in productivity as a direct result from employee unhappiness. The Well-Being Index data shows that Americans are increasingly unhappy with their jobs and work environments. Salary.com surveyed 1,300 people to find out how they felt about their job, asking: Are you happy at your current job? Overall 69% said they were unhappy in their current position. 56% of these respondents also admitted they were planning on actively looking for a new job.Read More
Here’s an alarming statistic: Every mediocre manager (ones who don’t use good fundamental management skills) loses your organization an average of $33 per day. We all know that having strong managers is important. But by tying proper management techniques to a direct cost, the criticality of these skills become much more tangible.Read More
One of the biggest factors to company success and survival is the company’s ability to retain key employees. Without team-members who stick around for the long haul, many organizations struggle to stay afloat because of associated costs of turnover, as well as sparse opportunities to promote people internally. How can you reduce employee turnover? Below are three strategies for HR professionals and business leaders to improve employee turnover and retain key employees:Read More
If one of your top leaders left your organization tomorrow, what would happen?
Perhaps you’d begin the arduous task of hiring an outside replacement. But, this process is long and you’re never absolutely sure that a candidate would be the right fit.
There is a better alternative: Hire your next leader from within your company. There are numerous benefits to promoting a current employee:
- They already have a working knowledge of company culture and processes.
- Hiring from within saves costs on training and time on onboarding.
- Outside hires typically require higher salaries.
Succession planning prepares future leaders and saves your company time and money when a transition arises. Unfortunately, there are three mistakes that companies usually make in this area, and they’re easy to avoid.Read More