As the unemployment rate falls from its 2020 high, employees are switching jobs in record numbers. The new stability in the economy means workers have more leeway to shop around for jobs that fit their lifestyles, needs and values. Now, the onus is on employers to provide an environment that makes their star team members […]
Tag: employee retention
The New Workforce: Adapting to Gen Z Demands
Finding talent is an issue for nearly all businesses. There are many reasons for this, but the top three may be (1) adjusting to a new normal that is not yet fully formed, (2) the generational shift in leadership and (3) the scarcity of talent. The result of this confluence of issues is that leaders […]
How To Retain Employees In A Tough Market
Imagine you’re a nursing home manager trying to replace a nurse’s aide. But the resumes aren’t coming in like they usually do. You can’t figure out why until an applicant points out that you’re offering the same hourly wage as McDonald’s and asks what you have that McDonald’s doesn’t. Lockdown-era furloughs forced huge numbers of […]
Don’t Panic! How to Handle an Employee Resignation
There are many reasons why an employee may quit: How you respond when someone quits makes a big difference to company morale and to your ability to prevent similar resignations in the future. Have a clarifying conversation with the employee. This is not a time for anger. Instead, be curious and respond to the news […]
Small Retirement Plan Sponsors Tax Credits
All business owners face the challenges of not only attracting talent but also retaining employees once they are hired. One major way to increase your employee retention rate is to offer a generous benefits package. However, that’s a lot easier said than done for small businesses. Meanwhile, large companies offer these types of benefits as […]