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Why It's Time To Give HR A Strategic Seat At The Leadership Table

  Talent is scarce and it’s going to get scarcer in the future. The value of companies will soon be tied to the value of their people. The ones with the best talent strategies will dominate their markets in the coming decade.
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How ESOPs Could Solve Your Employee Turnover Problem

Jul 26, 2022 by Keith Davenport 0 Comments
Employee-owned businesses have experienced significantly fewer issues with employee retention than their non-employee-owned counterparts. I can’t remember a time in my career when employee retention was talked about more often than it is now. Even personally, I’m one of those Great Resignation statistics. In late 2021, I resigned from my position in local government to take on the role of Executive Director of Missouri Center for Employee Ownership, Inc. (MOCEO). Like many members of the American workforce, the pandemic pushed me to reevaluate my personal and professional priorities. So, when I joined MOCEO, I was very interested to learn what effect employee ownership had on employee retention. So, as soon as my second week of work, I began asking every executive of an employee-owned business I met, how their business model impacted retention. With very few exceptions, the general response was that retention wasn’t a significant issue.
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How to Bypass Shortages

Jul 12, 2022 by Larry Chase 0 Comments
Be Flexible and Constantly Shift Supply chain issues have created lots of shortages. Being flexible and willing to shift constantly provides a way to keep operations flowing. Right Proper Brewing, a brewery and pub in Washington, D.C., remains flexible and shifts when needed.
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The Cost of Turnover

Did you know turnover can cost a company $94,000 OR MORE? In an example below, Vice President, Steve Baker, applies our Dollar Exercise to the cost of turnover. Losing 9 people at a salary of $50,000 can cost you almost $100,000 and will take $1.4 million dollars in revenue to cover the cost. OUCH.  
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Operating with Purpose: How The Great Game of Business and B Corp Benefit Employees

The pandemic has caused many people to stop and reflect on what really matters to them, resulting in what some have called The Great Resignation or the Great Reshuffle. This has had a huge impact on businesses — now dealing with higher than usual turnover. Recent studies by McKinsey & Company and Gartner show that the majority of employees – especially younger generations — are seeking greater purpose at work. And when they find that greater purpose, they are happier, more productive, more engaged, and more likely to stay. The McKinsey study also found that employees are five times more likely to remain at a company that regularly reflects on its impact on the world.
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Winning The War For Talent For Nonprofits: How to Engage Highly Skilled Volunteers

May 24, 2022 by Ivy Shelden 0 Comments
You’ll experience the labor shortage differently depending on where you’re standing. If you’re a business owner, you might be considering shorter hours, posting signs asking for grace from customers, or redesigning your company culture. But if you’re a nonprofit worker, you might be telling a hungry family: “I’m sorry, we can’t provide food for you tonight." Or a woman escaping domestic violence: “There’s no room in our shelter at this time, we’re at capacity." This is the reality for nonprofits across the nation as they struggle to compete in the war for talent. 
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The Difference a Great Culture Made in My Job Satisfaction (And Why That Matters During a War For Talent)

    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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The 8 Most Read Blogs of 2021

2021 seemed to fly by, at least here at The Great Game of Business. We were planning our year just yesterday, and then, BAM, the year was over. At least, that is how it felt. Looking back on 2021 made us take stock of the most read Great GameTM  blogs. In case you missed them, here they are in order: #8 - 10 Easy Ways Leaders Can Express Appreciation in the Workplace Individuals in the workplace need to feel appreciated in order to enjoy their job, do their best work, have positive work relationships, and stay with their organization long-term. The key ingredient in meaningful, significant, and effective appreciation is individualization—expressing appreciation in the recipient’s preferred “language.” Varying the ways company leadership communicates appreciation will improve chances of hitting the mark, so we’ve compiled 10 ways leaders can express appreciation in the workplace and foster positive work relationships in order to establish a recognition culture.  <>
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6 Practices for Successfully Leading the Millennial Generation

Nov 4, 2021 by David Branch 0 Comments
You just can’t find good help these days!  If you're like me, you've heard this saying and have likely said it yourself a thousand times! It has been so difficult and discouraging to find the right employees to hire in our company that, for about two years, I all but refused to grow my business. Growth meant I would have to hire and train new employees just to have them leave once we started seeing some real return from this new employee. And after twenty-five years of business, I did not want to continue fighting the with many millennials—often trouble with work ethic and frequent job-hoping. I had a choice: keep suffering or find a solution. So, I made it my mission to discover the real issue and determine a solution!
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3 Principles to Retain Talent

Oct 19, 2021 by Great Game Team 0 Comments
3 Principles to Retain Talent 10.9 million. According to the US Bureau of Labor Statistics, that is the number of job openings in the United States as of the end of July. To add fuel to the fire, there are 4.9 million more people than before the pandemic who are currently not working or even looking for work. Then consider that 3.6 million people retired during the pandemic, and 2 million more are expected to leap into retirement. No wonder nearly 90 percent of the 1,200 employers surveyed by SHRM reported a lack of people to fill open positions, and 73% stated the application rate is declining as well. At SRC, it is no different. We have hired more than 600 new employees across all divisions within the last few months, and we still need more people. But why the shortage? That is a head-scratcher for sure. More than likely, it is a combination of many things—a perfect storm. You really can’t point the finger at one specific thing that is causing it. One thing is for sure. It has caused businesses to think differently about their people. The Great Game of Business has said it for years - People are your greatest asset. Invest in your people, and they will invest in you. That’s easier said than done, right? Yes and no. It’s not always easy, but it is simple. Recently MITSloan Management Review analyzed a total of 1.4 million employee reviews. The purpose of this study was to determine what matters most to employees. They narrowed the reviews down to around 150 topics, with 10 bubbling to the top.
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About The Great Game of Business

Our approach to running a company was developed to help close one of the biggest gaps in business: the gap between managers and employees. We call our open-book approach The Great Game of Business. What lies at the heart of The Game is a very simple proposition: The best, most efficient, most profitable way to operate a business is to give everybody in the company a voice in saying how the company is run and a stake in the outcome. Let us teach you how to develop a culture of ownership, where employees think, act and feel like owners.