People are your greatest asset — regardless of the company or industry, they make things happen. That's why nurturing your human capital cannot be emphasized enough. Human capital transformation helps companies better “define, structure, and realize their human capital management strategy” by focusing on what the company can do for its employees, according to Deloitte.
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Leaders can drive employee resilience, productivity, and engagement by actualizing one thing: hope. Instilling hope in your employees isn’t a one-and-done event. It’s not a mid-week seminar. It’s something you do every day to uplift your organization’s climate. In today’s post, we’ll cover simple ways to deeply embed hope in the workplace.
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Like so many workers leaving their positions during The Great Resignation, I wanted it all. Higher pay, remote work, and a flexible schedule were options my former position in a non-profit couldn't offer, so I accepted a new job I knew had these benefits. But here's the plot twist: After six months in my new role, I'm on the move again. As it turns out, I value a company's culture just as much as I value flexibility. The non-profits I left (after five years) offered an incredible culture that my new job lacked.
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In an effort to motivate and reward employees, companies often mistakenly develop bonus and reward programs that ultimately sabotage the overall health of their business. While rewarding employees is valuable, you must consider the backlash of a poorly-designed incentive plan. In the end, every bonus program should be built on a solid foundation that ensures the long-term financial security of the business first. Let’s look at three steps you can take to ensure your employee bonus program is not sabotaging the health of your business:
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Cash is the lifeblood of any business. Without cash, an organization can't afford to keep its day-to-day operations running. Cash is important for two reasons; it offers flexibility to make investments for the future, and it offers security to be able to weather storms.
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Cash flow is an important aspect of business. Whether you’re a new business owner or a seasoned pro, it's important to maintain a positive cash flow. Every business needs cash on hand to be able to meet their current obligations and to be able to make investments for the future. Having cash on hand is a simple concept to understand, but it can be difficult to maintain a positive cash flow consistently when you have a lot of expenses and not much income. In this article, we'll talk about ways you can improve cash flow in your business, the difference between cash and profit, and why maintaining a positive cash flow is important—especially during times when a recession may be on the horizon.
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Finding positive employee retention strategies that work for your company is a major undertaking this year. It’s critical that business leaders establish the right strategies in place to deter turnover, encourage productivity, and retain top-quality talent. One of the best ways to achieve this is with open-book methodologies. This post will cover six powerful ways to create your retention strategy and how the Great Game™ methodology helps to achieve successful outcomes in this regard. 1. Purpose 2. Leadership 3. Communication 4. Culture 5. Compensation 6. Evaluation
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Right now, many businesses are experiencing slowing growth in business activity. Although this may seem like a bad thing, there are still so many positive actions companies can take during this downtime that will pay dividends when business ramps up again. Let’s take a look at some of the ways your business can best take advantage of this period to secure a better future.
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In a survey conducted in 2020, American adults answered a list of personal finance questions. Only 52% of those adults answered the survey questions correctly. But those results are really no surprise. After all, only 15 states in the US even guarantee high schoolers will take at least one semester of personal finance before graduating.
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Tight on the heels of the Great Resignation comes another economic trend: quiet quitting. Many who aren’t choosing to leave their jobs for better opportunities are staying put but distancing themselves from excessive work-related duties (AKA, quiet quitting).
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