Workplace violence is a growing problem, and every business, no matter how big or small, is especially vulnerable due to the current economic conditions. Simply defined, workplace violence is the violence or the threat of violence against the company and its workers. It can occur at or outside the workplace and can range from threats [...]
Much has been written about the importance of emotional intelligence, or EQ, over the past couple of decades. It’s been shown to relate to better performance across industries and occupations, ranging from sales to leadership, and has even helped people improve their physical health. While this is nice to know, what is important for most [...]
Ever notice how everything you touch these days just seems to turn into an HR issue? Or perhaps you feel as though your title of president has slowly been replaced with the more descriptive title of HR manager. There may seem to be less time available to spend on what you originally went into business [...]
“I’ve missed more than 9,000 shots in my career; I’ve lost almost 300 games; 26 times I’ve been trusted to take the game-winning shot— and missed. I’ve failed over and over and over again in my life. And that is why I succeed.” – Michael Jordan Ask practically any hiring manager if they’d hire someone [...]
Going from an engaged workforce to an entangled organization Engaged. That word is thrown around almost unanimously to describe the type of employee most businesses aspire to have: the engaged employee. What’s wrong with an engaged employee? After all, an engaged employee is a productive employee, right? True, but as more and more organizations garner [...]
I call my firing a Humpty Dumpty moment. I had built a wall of pride, ego and power between myself and the employees I had been asked to lead.
When you think of your favorite sports team, do you think of everything they put in to win the game? The coach’s strategy, how he or she chose the players, the trainers pushing the athletes to be in top physical shape, the management staff ’s understanding of the rules, regulations and their competition—all of this [...]
Employee legal issues are a hidden cost and they may be costing you a fortune. If your employees are struggling with legal problems, they can easily become your headache, too. CCH, a leading provider of human resources and employment law information, reported an estimated 67 percent of unscheduled absences are for reasons other than illness. [...]
The use of incentives is often overlooked as an effective way to increase market share in a shrinking economy. Productivity-based, excess profit incentives can be designed with no upfront cost. Better yet, they are paid only when the desired sales and excess profits are actually produced. There are three ways companies can develop effective incentives [...]
“I’m looking forward to seeing the results of our work when I return from my two week vacation in Hawaii.” The coughing and sputtering sounds that broke the silence came from one of the vice presidents who had just choked on his coffee. He had apparently not been briefed on the content of the talk [...]
It may be more practical than you think One of the biggest challenges for owners of closely held businesses is finding a way to turn their equity in a business into cash for retirement or other purposes. The decision to sell is more than an economic one, however. After putting years into a business, an [...]
The Carson J. Spencer foundation combats suicide with innovation and entrepreneurship On December 7, 2004, Carson J. Spencer, a talented and successful Denver-based businessman and entrepreneur, took his own life. Nineteen days later, the 2004 Indian Ocean earthquake and tsunami devastated Southeast Asia. Dr. Sally Spencer-Thomas, Carson’s sister, remembers recognizing the parallels between losing a [...]
It’s no secret that there has been sweat building up underneath soon-to-be-graduates’ mortarboards since the economy’s demise in 2008. As 1.7 million students graduate with their bachelor’s degrees in the winter-spring session, according to the U.S. Department of Education, some may already have jobs waiting for them. However, according to the U.S. Bureau of Labor [...]
It’s an ongoing challenge for many small business owners in virtually every sector of the economy: figuring out how to motivate and retain employees who are essential to the company’s success without granting them an actual ownership stake.
Gaining a better understanding of your employees can help you achieve business success. Think back to the day you decided to run your own business, be your own boss, control your own destiny. Recall the emotions that filled your body, your heart, your soul. There are countless reasons why people become business owners rather than [...]
The room was filled with silent suspense. At one end of the long conference table sat the great coach. His large, muscular arms were crossed over his barrel chest. His head was tilted slightly forward. His jaw was set and his lower lip protruded slightly from the thoughtful frown on his face. From under his [...]
In September 2009, a certain job fair drew a crowd of more than 8,000 hopefuls even though only 26 companies were hiring. With unemployment at record highs around 10 percent throughout the country, it’s an employer’s market and an opportunity to recruit the best of the best. On the down side, high unemployment means hiring [...]
Lee Iacocca once said, “You can have brilliant ideas, but if you can’t get them across, they won’t get you anywhere.” Indeed, effective communication skills are vital for success in business and in your given profession. In this article, we’ll look at a few of the many ways good communication is good business. Good Communication [...]
Gen. Stanley McChrystal, the U.S. commander in Afghanistan, says the United States cannot provide war-torn nations with an “endless surge” of combat forces. In an extended interview with CNN’s Christiane Amanpour, McChrystal said the United States and its allies are sending thousands of troops to help secure Afghanistan’s future by reversing the Taliban’s momentum and [...]
Performing an audit will help your company avoid potential legal liability and the related costs, time and distraction to management and the organization.
…your employees shouldn’t be. In order to increase your profits, you must know the “costs” of turnover. Unfortunately, I can almost guarantee that your QuickBooks, Peachtree or any other accounting system does not readily produce this information. The cost of turnover is substantially higher than your recruiting costs. In addition to the recruiting and interviewing [...]