On the importance of mentoring in business, CEO of the Virgin Group, Richard Branson, said: “Building a new business takes more than technological skills and creative genius—it needs people, and if you’re going to create a great culture as well as a great product, those people need tending to in a plethora of different ways.” Like Branson, many of the…
Organizations reorganize for a variety of reasons. Sometimes, they are compelled to do so by evolving markets that require a different approach to product and service delivery. At other times, a reorganization is required for growth. One thing is for sure: All company reorganizations bring about change, often transforming jobs and the people in them. Although some research has shown…
Organizations are constantly evolving and adapting to meet changing needs as they grow. Though navigating these changes is exciting, it can also be a challenge to keep up—especially with technological advancements causing companies to continually rethink the way they do business. Organizational charts are a crucial resource for growing companies to build and maintain. They help share organizational structure, teach…
The workforce is evolving. Today’s employees aren’t afraid to leave their current jobs to find another that better meets their career aspirations. In fact, an estimated 3.4 million Americans willingly quit their jobs in June 2018. Facing these high turnover rates and increased employee expectations, employers are looking for new ways to attract and retain talent. An organization’s workforce planning…
There’s no doubt about it: When employees are engaged at work, they are significantly happier and more motivated—and it shows in their performance. In recent years, employee engagement has become a hot topic for many organizations battling high turnover rates and new employee expectations. However, despite acknowledging engagement as a priority, many organizations still have little to no understanding of…
Sustainable business growth is a popular and worthy goal for any business, because it helps organizations attain competitive advantage and deliver benefits to customers, employees, and other important stakeholders. For many, business growth happens at a rapid pace. In an analysis of 15,000 early stage companies around the world, valuation consultancy Equidam found that the first-year growth rate for average…
Your skill and success as a manager can greatly impact an employee’s overall performance, engagement, and even how long a person stays in their job. Research conducted by Gallup found that managers account for 70 percent of the variance in employee engagement among employees and that 50 percent of employees leave their job “to get away from their manager.” Although…
There’s no shortage of news stories about companies undergoing reorganization due to a merger, a spin-off of a business unit, or market conditions that require retrenchment or layoffs. As a company grows or undergoes changes to remain competitive, the chances it will reorganize or restructure in some way is likely. However, a reorganization can be challenging, and in many cases,…
Employee engagement is a top goal for nearly all companies, because employees who are committed to their work and the company tend to be more productive, innovative, and supportive of company goals and objectives. However, according to Gallup research, only 13 percent of the global workforce is engaged. There are many potential causes for low employee engagement, including lack of…
The business landscape is changing as a result of new advances in technology, as well as industry disruptors that leverage talent and technology in innovative ways. Along with the pace of change, organizations want to grow and remain competitive, and having the right mix of talented people will help make that goal a reality. According to research conducted by Accenture,…
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