Workers had one thing to say to their employers at the end of 2021: We quit. With the nation's “ quit rate ” reaching a 20-year high last November, you may be searching for ways to retain top talent. You know you have to implement a killer employee retention strategy, and fast, but how do you know what will work? It’s not easy to keep employees on board, but it can be done. Through our calculated retention strategy, my company hasn’t had an employee quit since 2016. That’s right — we made it through " The Great Resignation " without bidding farewell to a single employee. Here are some best practices for retaining employees long term. 1. Embrace flexibility People not only want flexible jobs but have come to expect them. A recent study revealed that nearly 40% of job candidates worldwide said schedule flexibility is one of the top three factors they consider when making career decisions. If you want to recruit and retain top talent, offering workplace flexibility is … [Read more...] about 5 Practical Steps to Help Your Company Survive ‘The Great Resignation’ (and Beyond)
Step aside yolanda adams
Dear Brit: ‘What Can I Do to Help My Business Grow?’
Brit Morin was 25 when she left Google to start Brit + Co , a lifestyle and education company aimed at helping women cultivate creative confidence. Now — 10 years, $50 million in funding and 1.2 billion pageviews later — Morin’s passion is empowering more women to take the entrepreneurial leap. She’s a managing partner at VC fund Offline Ventures, host of iHeartRadio podcast Teach Me Something New , creator of Selfmade, a 10-week start-your-own-business course for women founders, and most recently — Entrepreneur advice columnist. Find her here answering the most personal and pressing questions of women entrepreneurs . Have a question for Brit? Email it to [email protected] , and she could answer it in an upcoming column! I feel stuck in my business. What can I do to help it grow? Feeling stuck in your biz can be super uncomfortable, but it's also an opportunity to take a step back and reevaluate what is and isn't working. Depending on the specifics of what … [Read more...] about Dear Brit: ‘What Can I Do to Help My Business Grow?’
Developing Team Efficiency in the Post-Pandemic IT Landscape
When Covid-19 struck in 2020, it affected every sphere of our daily lives and worldwide economy in ways most people couldn't have imagined. As the lockdowns forced everyone to work remotely, and most brick-and-mortar businesses went online, thousands of companies were about to face unanticipated changes. On the one hand, the global pandemic profoundly affected every business and team management process. But on the other, the pandemic has been the most significant driver of digitalization for U.S. and European businesses. According to the Flexera 2021 State of Tech Spend Report , one of the top concerns of CIOs in 2022 continues to be digital transformation. A report by McKinsey states that the Covid-19 pandemic has accelerated the adoption of digital technologies by several years. The vast majority of these changes will remain even after the Covid-19 pandemic has passed. During the global pandemic, many consumers transitioned to online services, and companies and … [Read more...] about Developing Team Efficiency in the Post-Pandemic IT Landscape
You Don’t Have to Be a Business Owner to Think Like an Entrepreneur
In this ongoing series, we are sharing advice, tips and insights from real entrepreneurs who are out there doing business battle on a daily basis. (Answers have been edited and condensed for clarity.) Who are you and what’s your business? I am Paul Mullis, President of Americas, at Rillion , where I’ve spearheaded the launch of the company in the United States. Our goal is to help AP professionals and finance teams not only save time and money by minimizing manual work, but also provide greater transparency to eliminate bottlenecks in payments and invoice systems. What inspired you to create this business? The recent rise in remote or hybrid work, combined with the vulnerabilities that the AP industry faces with fraud, overdue invoices or incorrectly paid invoices, truly showed me a need to bring a cloud-based solution to the United States to solve this. We're lightening the workload of AP professionals, allowing them to quickly pivot to remote work and focus on … [Read more...] about You Don’t Have to Be a Business Owner to Think Like an Entrepreneur
Why Businesses Should Take a Cultured Approach to Data
Data brought a slowly moving revolution to the business world. While it has completely changed, and may still change, the way we approach processes, many companies still struggle with it. There's an implicit understanding that being data-driven is beneficial, yet no one can quite pinpoint how to become data-driven. Most organizations build data analytics like they would create any new department. It's a somewhat isolated project that's intended to provide valuable insights to others. Unfortunately, such an approach can lead to many organizational errors that make data teams inefficient. A common red flag in a business is if the data team produces little to no impact on daily operations. It may become visible due to an internal complaint or through day-to-day operation analysis. However, there are ways to avoid this issue. Related: The Hidden Advantages Data-Driven Sales Teams Have Data silos and other problems Businesses, in a poetic way, woke up one day to find … [Read more...] about Why Businesses Should Take a Cultured Approach to Data
Why Miami practice has given Mercedes increased hope
Mercedes’ James Vowles believes the practice sessions in Miami underlined the potential of the W13, having shown particularly strong performance early in the weekend. The W13 has proven to be a troublesome machine ever since the beginning of the 2022 season, with the car afflicted by particularly pronounced porpoising down the straights. This has had the effect of forcing Mercedes to raise the ride height of the car, which has resulted in a relative lack of downforce and, in turn, outright laptime. However, the sidepod-less concept Mercedes have pursued still has the backing of the team, with Toto Wolff adamant that the potential of the car is yet to be fully unlocked. The Miami practice sessions lent some validity to Mercedes’ arguments, with George Russell and Lewis Hamilton much more competitive throughout Friday’s track time. Russell ended the day with the fastest time, with Hamilton in fourth. While the team made setup changes that resulted in a dip in performance from … [Read more...] about Why Miami practice has given Mercedes increased hope