Employee retention is an important measure all companies should be tracking. The cost of turnover can be astronomical – as we figured in this video. But before you can fix retention, you first have to understand why your employees may be looking for career opportunities elsewhere. Once you know why people are leaving, you have a better shot at correcting any shortcomings within the company, thus improving employee job satisfaction, improving retention, AND working your way to becoming a sought after workplace!

Your company doesn't have to provide literal "employee ownership" or stock options to establish a culture of ownership. Your actions as a leader are what counts. You can take small actionable steps to develop that sense of pride, commitment and psychological ownership within your team. Below we have listed 5 ways leaders can help increase that ownership mentality within their organizations and unleash the entrepreneur inside every employee.

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.

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.

    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.

    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.

      Each year, Fortune partners with the Great Place to Work Institute to survey employees at hundreds of corporate America’s top firms to determine which companies will be named as one of the 100 Best Companies to Work For. The most recent list, released in 2022, included Great Game Hall of Fame winner, Hilcorp Energy.

Business is always shifting. Economic trends change, technology evolves, and generational workforces move in and out. The one thing companies can always be sure of is adversity. So how do companies manage all the chaos? With today's supply chain issues, more people exiting the workforce than ever before, and the war for talent at an all-time high, how do business leaders possibly keep up with company culture and better yet, ensure they're making a profit?

    What does the Human Resources department look like for a company practicing open-book management and organizational transparency? Patty McCord gave us a sneak peek look at some of the cultural elements and values that helped make Netflix so successful, yes, Netflix. For those of you unfamiliar, Patty McCord is the author of Powerful: Building a Culture of Freedom and Responsibility. Patty was a key confidant of Netflix founder Reed Hastings and served as the head of HR at Netflix during its rise. In her book, Powerful,  she credits reading The Great Game of Business, by Jack Stack and Bo Burlingham, for inspiring Netflix to adopt transparency and education when it came to the company's financials and strategic goals. According to Powerful, a big part of Netflix's secret to success in being first to shift to both a subscription model service and then later, a digital streaming service, was that they practiced open-book management.

There was so much promise for the post-pandemic economy—especially for the manufacturing sector. Many organizations continue to see an unprecedented surge in demand for their products—levels the economy hasn’t seen for 40 years. For many, it’s been a struggle to keep up with customer orders. It’s like trying to drink out of a fire hydrant to keep up with this kind of growth. The forecasts continue to look strong, too, as retailers and dealers increasingly look to insource and onshore production from overseas. The future of manufacturing in the U.S. looks brighter than it has in decades. Yet, there’s a catch. Manufacturers now have emerging pain points to contend with. Supply chains are stretched to their limits. Ships lay docked outside ports while there aren’t enough trucks or drivers to cart products away. Millions of dollars of finished goods may sit in warehouses for months awaiting parts worth mere dollars.