Effectively managing your team is key to your success as a small business owner. In 2023, we want to provide you with these top management strategies for small business that can help you drive growth. If you are looking for help from an experienced business coach with a proven track record of helping small business owners, then schedule a…
Hiring and Retaining Employees
Our Coaches pride themselves in being completely knowledgeable in regards to bringing you the latest and greatest in business growth options. We also take great pride in providing you with updates, news of interest, and tips to help you continue taking the wheel of your business and its success.
From handling workplace situations and team building to marketing and social media, you can find the answers you’re looking for to better your business and increase your knowledge base. We are always keeping an eye out for news, tools, and resources, so be sure to check-in frequently.
How to Manage Quiet Quitters
Posted on December 19, 2022
Have you ever had an employee come to work and just do the bare minimum? Well, today, they would be considered a ‘Quiet Quitter’. What exactly is quiet quitting? We have a whole other blog post on that here: What is Quiet Quitting and Why Does it Matter? But quiet quitting occurs when employees become disengaged from their duties,…
Retaining Employees During the Quiet Quitting Fad
Posted on December 08, 2022
Quiet quitting seems to be gaining popularity where overwhelmed or overworked employees work the bare minimum to their job descriptions, not going beyond what is expected. A 2022 Gallup Global Workplace Report revealed that only 9% of workers in the United Kingdom were enthusiastically engaged in their work. Similar trends have been reported in the US. Therefore, business owners,…
How to Prevent Quiet Quitting
Posted on November 17, 2022
If you spend any amount of time around the young generation, you'll notice that they love giving new names to old things. This time, the trending misnomer around the workplace is "quiet quitting." This term refers to workers who do the bare minimum in the workplace and never go above and beyond to meet a company's stretch goals. Such…
What is Quiet Quitting and Why Does it Matter?
Posted on November 01, 2022
As coaches who have worked in various corporate settings, we've seen a lot of different types of quitting. We’ve been getting asked by our clients over the last few months, “what is quiet quitting?” While some people hand in their two weeks' notice and leave on good terms, and others just stop showing up and never come back, yet…
What is Staff Retention Rate?
Posted on April 29, 2022
In this day and age, recruiting highly talented workers can be tough. And that’s an understatement. That is why so much emphasis is being placed on how to keep key employees. Whether they are new to the company, or they’ve been around for a couple of years, hanging on to your talent should be a top priority for your…
The Total Cost of Hiring an Employee
Posted on April 26, 2022
Hiring new team members is one of the most positive aspects of being a business owner. New hires (ideally) come on board enthusiastic and ready to put out their best work. Harnessing that energy and drive over the duration of the employees’ tenure is an absolute imperative. But we also have to consider the bottom line: what is the…
The Hidden Costs of Employee Turnover
Posted on April 21, 2022
Employee turnover can be a major burden on any organization in terms of both the human cost and the financial burden that comes along with turnover. Whether we’re talking about tangible factors like money spent recruiting and hiring or the lesser recognized expenses like the loss of institutional knowledge within a company, there is no doubt that there are…
How to Retain Young Employees
Posted on April 18, 2022
Retaining high performers is likely one of your biggest goals – and concurrently one of your biggest challenges – as a business owner. With many boomers retiring in the wake of the COVID-19 pandemic, which hit the United States in 2020, millennials are being promoted into positions of power and are filling jobs formerly occupied by the generation known…
4 Elements of Employee Retention
Posted on April 14, 2022
How much does employee turnover cost US organizations? The short answer: a lot. It’s estimated that it costs about 1.5 to 2 times the employee’s salary to replace them. Let’s say you are heading a 100-person company with an average pay of $50,000 with an average rate of attrition. You could be looking at $600,000 - $2.6 million in…
