Many employees who joined the Great Resignation are discovering the grass isn't greener. (And the companies that hired them have regrets as well.) When management professor Anthony Klotz coined the term the "Great Resignation" in May 2021, he unleashed a tsunami of think pieces. For the past year,...
The Great Resignation forced leaders to think of effective ways and alternatives to retain staff. Here are the main takeaways employers should have grasped by now. There is no denying that the world has shifted during the height of the pandemic. In the years 2020 to 2021, there has been a historic...
Julie Diaz stepped down from her job as a legal secretary last spring. Her retirement ended up being short, and not so sweet. Now 70, Diaz is working day and night. She took a job in March at Home Instead, a U.S. home care provider for seniors. Diaz works 12-hour overnight shifts in Phoenix taking...
People keep quitting at record levels, yet companies are still trying to attract and retain them the same old ways. New research identifies five types of workers that employers can reach to fill jobs. It’s the quitting trend that just won’t quit. People are switching jobs and industries, moving...
A bad hiring decision is expensive. Replacing an employee costs companies anywhere from thousands of dollars to hundreds of thousands of dollars. And this might just be the tip of the iceberg, as a poor hire will also have indirect costs, for example in regards to morale and company culture. But...
According to a recent Wall Street Journal survey, small businesses are losing confidence in the United States' economy, with 57% bracing for economic conditions to worsen in the next 12 months. Among the challenges of inflation, supply chain issues, rising interest rates and labor shortages is the...
The father of psychoanalysis had a theory about love and work—lieben und arbeiten—which offers great opportunity for leaders willing to consider it. Business leaders are constantly presented with warnings about new trends, often accompanied by prescribed actions that must be taken to avoid serious...
Establishing business relationships can be every bit as confusing and frustrating as it is essential. There are several kinds of potential stakeholders you need to account for, and each connection requires some degree of individual attention and effort. Still, some underlying principles can be...
As companies compete for talent, monthly premiums could become the next casualty of the red-hot labor market. To prevent employees from becoming another statistic in the Great Resignation, companies may want to revisit the health benefits they offer. Some small business owners are embracing a perk...
You probably wouldn’t be surprised to hear that people are more hesitant to speak up at work now than they were a few years ago. I certainly wasn’t shocked when a study our firm conducted in late 2021 of more than 1,400 people confirmed this. After all, we are living in one of the most volatile...
Which organizations do you trust? Government? The media? Business? The Covid-19 pandemic has had a keen impact on how consumers feel about institutions, and it may surprise you that business is actually the most trusted institution in the U.S. — for the fourth year in a row, according to Edelman’s...
Sales consultants can be helpful, but they can also be expensive. Are they worth it? If you're struggling to build sales momentum or if you have a challenging goal you need to achieve, you might consider hiring a sales consultant. Sales consultants have the potential to help you reassess and...