The Great Resignation, the Big Quit and the Great Reshuffle have become normal parlance as employers struggle with employee turnover, which has become an issue that must be addressed by management, HR and professionals at the highest echelons of company leadership given the big picture challenges in today’s landscape. Departing employees can significantly impact a
CEO
We could not have started Home Depot without the right people—Arthur Blank, Ken Langone, Ron Brill, Rip Fleming, Pat Farrah and dozens of others. Everyone had their strengths. Arthur was meticulous and ran things like a clock. Ron, Ken and Rip brought additional expertise and energy. I’m an idea guy who loves to roam around
Chile’s recent rejection of a new constitution highlights that democracies do not want to be micromanaged. Chile’s proposed constitution included 388 articles outlined in 170 pages enshrining a series of prescriptive rules as the law of the land. Luckily, the people of Chile soundly voted it down. Passage would have reversed the “Miracle of Chile,”
There are many terms being used to describe what’s happening with today’s workforce: “The Great Resignation.” “The Great Regret.” “Quiet Quitting.” However, there’s another trend at play that I believe is one of the main culprits of today’s workplace turmoil. I call it “The Era of Lost Productivity.” Just look at the statistics: U.S. worker
You can’t have a business without customers. It’s that simple. But to create cult-like customers, customers who become ambassadors for your brand and tell others about you—well that takes providing value and creating an experience that they’ll never forget. Success in business is determined by one thing—your ability to acquire new customers and retain them
A busy solo parent to two twins, renovating a house in which her parents can live, and coaching professional athletes on their performance mindset doesn’t leave a lot of room for Bulls Performance Coach Dr. Wendy Borlabi to entertain writing a book. But when she met Chicago sports reporter Annie Costabile on an interview, they
Collaboration tends to suffer when it’s most needed: in times of extreme pressure or crisis. Findings from our analyses of the 2008 financial crisis underscore that pressure on individuals and teams can threaten collaboration—which means that those businesses miss out on opportunities for innovation, joint problem solving and other ways to tap into their employees’
Network security is top of mind for almost every business. The trend of using cloud infrastructure and digital transformation for improved efficiency often puts sensitive data at risk. Startups and large corporations alike will need to focus on emerging security solutions that can protect their hardware and software. Migrating data to the cloud can be
As a professional recruiter, I interview 100’s of job seekers, and the pursuit of well-being and balance is top of their list. Everyone wants it. Fair enough. I too, quest for that elusive perfect balance… as I write on a Sunday at 5 am. But it is my balance and choice. It is also my
“We have always considered Patagonia an experiment in doing business in unconventional ways.” These are the words of Yvon Chouinard – the founder of multi-billion-dollar outdoor apparel company Patagonia. He has often done things differently and even said, “I never wanted to be a businessman.” Recently, you might have read that Yvon “gave away his
You might wonder why you should take time out of an already overcrowded schedule to focus on investing in entry-level employees. But the young people at your company are your leaders of tomorrow. If you invest in them now, then in 20 years, they will be the executives making the big decisions and keeping your
Adam Markel has passionately explored and made us feel the adventure in his latest book ‘Change Proof, leveraging the power of uncertainty to build long-term resilience”. As rightly said by Marshall Goldsmith the New York Times #1 best-selling author of Triggers, Mojo, and what got you here won’t get you there; ‘build resiliency in yourself,
One of the biggest changes brought on by the Covid-19 pandemic was the overnight change to remote work for most knowledge workers. The transition was jarring for many companies. While some businesses were ahead of the curve regarding remote infrastructure, many organizations were left scrambling to put solutions in place to make remote work possible.
In my last article, Ode to the Misquoted and Misattributed, I started by using an often-misquoted axiom from Aristotle, “The whole is greater than the sum of its parts,” to bridge how the best leaders and teammates create synergy in their teams. The longer I reflected on how great teams achieve such a dynamic, the
A couple years ago, Pat Lencioni had a big idea. That’s not terribly unusual. The bestselling author of a host of business classics including The Five Dysfunctions of a Team and The Advantage, Lencioni’s long been known for his insights into what ails organizations—and his ability to provide pragmatic advice about how to fix them.
Want to write your first book? Lots of us do. However, it’s not a simple process of pen and paper. A good amount of strategy and thought goes into the process, and Vincent Barletta knows better than most. As both a published author as well as a professor of literature, Barletta can probably speak to
It’s not news that CEOs from every industry are struggling to attract and retain great employees. Between surging labor costs and employees resigning en masse, it’s been a rough one for U.S. companies. This week, a New York Times article suggested employers are actually “hoarding workers” in response to the talent shortage. With quantity an
I’m sure every person in Los Angeles has visited a convenience store at least once for a drink, a lottery ticket, a pack of gum, or an array of other essential items that make our days complete. Given our familiarity with convenience stores, we take for granted the convenience these stores actually provide. Bassem Nowyhed,
Despite concerns about inflation and a softening economy, the number of open jobs in the United States rose in July, indicating a continuing tight job market. Employers are still urgently seeking workers to fill a backlog of open positions and fill new ones. CEOs and other senior-level leaders are acutely aware of the challenge. Many are frustrated
In the global digital 24/7 marketplace of today, reputation is all powerful yet as fragile as a flower. And with Harvard Business Review citing 70-80 percent of a firm’s market value coming from intangible assets such as brand equity, intellectual capital, and goodwill, it’s vitally important for all CEOs to proactively manage their reputation given
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