Sometimes, when navigating tough decisions, you make mistakes that can dramatically affect the health of your company. If you learn about and avoid the most common pitfalls, you can set up your business for ongoing success. Sunk Cost The sunk cost trap keeps...
A high employee churn rate is every employer’s worst nightmare. Defined as the percentage of employees who quit within a specific period of time, the churn rate reflects a company’s ability or inability to retain workers. According to research published by...
As unemployment rates edge lower, some businesses have expressed an interest to increase employee retention to minimize the pressure they feel. However, randomly investing in gimmicks may cost a lot of money without producing measurable results. For this reason, you...
Good work deserves remuneration and deserving employees should take full advantage of promotion opportunities. A history of promotion builds a resume. It shows the candidate as a professional who succeeds at his or her goals and grows. When a worker sends their resume...
