Retaining Good Employees

Keeping Good Employees

Idea of the Day:  Getting people (and companies) to change is hard. And the “carrot-and-stick ways of ‘motivating’ people are so ‘last century,’” says Keith Ferrazzi of Ferrazzi Greenlight — even a financial incentive won’t necessarily get people to embrace a new way of working. So what does motivate workers to embrace change? It’s all about the personal connection.

“No matter how loyal your employees are, or how much pride they have in the company, they won’t be motivated to change just for the company’s sake. For your employees to be engaged, they need to see how they can realize their own goals through the collective change the company wants to make.”

Economists Think the U.S. Economy Is At or Near Full Employment

Nine in 10 forecasters surveyed by WSJ said the U.S. has achieved or is approaching full employment

By Ben Leubsdorf

Jan 11, 2018, 10:00 am ET

Full employment is finally here, or at least not far away.

That’s according to the vast majority of economists surveyed this month by The Wall Street Journal. Asked if the U.S. economy has reached full employment, 42% said yes and an additional 48% said no, but that it’s close.

“Surveys and anecdotal conversations reveal that labor shortages are emerging across a variety of industries,” said Constance Hunter, chief economist at accounting firm KPMG.

Just 9% of economists surveyed said the U.S. isn’t close to full employment. (The figures don’t add to 100% due to rounding.)

 

What This Means For YOU

It means, holding on to good employees is going to be even more important for 2018. You need to make sure that you are doing everything you can to maintain a workplace they want to come to every day as well as continue to have a profitable business to keep them employed. The North Idaho Small Business Development Center offers some really great training and/or one on one coaching to help you be the best employer, human, and business person.

 

Upcoming Training Opportunities

We have several upcoming training opportunities that you as a business owner should be taking advantage of. Especially our Building a Profitable Business Series. All our classes are held at the North Idaho College Campus in Coeur d’Alene. Find all the upcoming opportunities here: Training Calendar

Contact Us If…

  1. You are trying to start a business and need help
  2. You own a business and want to expand
  3. You want to improve your current business operations
  4. You are ready to begin hiring employees
  5. You have an innovation you wish to develop and market
  6. You are thinking of starting a business
  7. Your business activities have any impact on the environment
  8. You are considering exporting

North Idaho SBDC assistance is available to anyone interested in expanding or starting a private small business in Idaho.  Consulting is available at no cost to you. Approximately 98% of all businesses in Idaho qualify as small businesses and, therefore, are eligible for assistance

 

Coaching

If you are interested in one on one business coaching please fill out the form below and someone will reach out to you ASAP:

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