Posts Tagged With ‘ employees ’

In today’s fast-paced and ever-evolving business landscape, the success of any organization hinges on the enthusiasm and commitment of its employees. However, recent findings from the Gallup survey on employee engagement reveal a concerning trend – a significant portion of the workforce is disengaged. This poses a formidable challenge for businesses looking to thrive in an increasingly competitive environment. To address this issue, we’ll explore three key strategies for motivating today’s employees and reversing the disengagement trend. 1. Fostering a Culture of Purpose One... Continue Reading

I’ve been that key employee that was instrumental in growing a family business only to hear the “dangling carrot” about stock options one too many times. There’s a better way Most employees embrace a company’s culture. That’s the #1 way to attract and retain employees. If it’s not there today, build it. If you have a high performer, eventually they’ll want more than just a salary, bonus, and token merit increase. I’m also very stingy on equity. I advise clients to avoid using equity/stock options as retention tools in private businesses. ... Continue Reading

I have a leadership development presentation I provide for small businesses. After wrapping up, one business owner asked how to accomplish the same for $10/hr employees. “The approach is the same”, I said. Granted, there are transitory businesses that will always have a high rate of turnover. That doesn’t mean all employees shouldn’t enjoy their time at your company. Making the effort to hire properly, creating and living a meaningful culture, and treating all employees like they were your best will give you just that… The best employees! Rich Hall Business Coach Rich... Continue Reading

U.S. industries have become increasingly concentrated in the 21st century, leaving fewer employers in local labor markets. This is not good for workers. The simplest example is a town with one company in the business of producing widgets. The company has little competition when hiring widget workers and can pay them lower wages. A new study finds that the increase in employer concentration – one or a few firms that dominate locally – has played a role in the 20-year decline in labor force participation in the United States. When workers have fewer employment options and wages are lower, looking... Continue Reading