Businesses typically conduct employee evaluations on a regular basis, usually once a year. The evaluation usually includes a review of how the employee’s duties and habits compare to expectations. In many cases, evaluation results play a critical role in promotions, bonuses, and raises. Evaluations help employees better understand what is expected of them, improve communication […]
Money isn’t everything when it comes to employee retention. The right annual salary is important, but you can also do other things to keep the best employees – and keep them from leaving for the competition. Reduce Workweeks Regardless of the success of businesses in other nations, American companies have resisted changing the structure of […]
We were suddenly forced to work remotely during the early days of the Covid-19 pandemic. When asked to work in a completely different style, it was disorienting and anxiety-provoking. Since I was used to being in the office five days a week, it took me months to adjust. What is the best way to structure […]
Every business should establish and maintain a company culture. Doing this in a remote work environment can, however, present a number of unique challenges. Leaders of remote teams can create and preserve a strong company culture by following a few simple steps. Not sure where to start with your virtual team? Read on for expert […]
New employees are already seeking new positions and are at risk of quitting. Dan Schawbel, the research director at Future Workplace and one of Forbes’ 30 under 30, offers this rather dire warning. One-third of American workers would be at risk of quitting and looking for a new job within six months, according to Schawbel. […]
As a business owner, you want to develop your employees into dream workers. They should work together enthusiastically and perform like rock stars. However, occasionally you may encounter a player who isn’t up to par, or is a toxic employee. Both will disrupt the flow you’ve created. You will recognize them immediately – gossiping, complaining, […]
A great team of employees is crucial for the success of any business or organization. Therefore, companies invest a lot of resources in attracting the right employees. Recruiting talented individuals for an organization is an important step, but it’s not the end. On average, 30 to 60 percent of employees in every organization or business […]
Employees who are engaged value more than their paychecks. Employees are passionate about their jobs and want to help your organization succeed. In the U.S., organizations with disengaged employees cost $550 billion annually due to disengagement, according to studies. Businesses with high employee engagement produce 21% more profits. In other words, employee engagement doesn’t just happen on its […]
With the unemployment rate hovering at an all-time low of 4.1% and the department of labor reporting a decline in average employee tenure, retaining your current employees is more important than it was a few years ago. If you have a low retention rate and a high turnover rate, meaning that employees jump ship faster […]
Employees leave a company for a variety of reasons. Most of them can be avoided. While you may already be working on improving retention, it isn’t always clear which initiatives will have the biggest impact. Your solutions’ effectiveness depends on whether they are aligned with problems, and the sad truth is that many of those […]
