How can a basic psychological principle benefit your business? Employees are hard to find. Good employers are even harder to find. If you’re lucky enough to hire the latter, you might find it a struggle to keep them. WHY DO EMPLOYEES LEAVE? Although there are multiple reasons an employee may leave, in the end, almost all of them boil down to one thing: stress. If an employee is stressed, they are not going to be happy. If they are not happy, they’ll only be with you until they find something else. To avoid this, you need to meet their needs. What better metric to...

Ever since the pandemic up ended the status quo and changed the definition of “work”, the business community has been attempting to sort through the detritus to find the new status quo. A few years of data are now available, and answers to the question “what comes next” are starting to emerge. A recent report by Scoop, a hybrid work management startup, has tracked revenue growth at 554 public companies. The report finds that companies that offer employees a choice of whether to commute to the office or commit to another option outperformed the revenue growth of their more restrictive (in-office) competitors...

Your Best Investment Your competition may be bigger with greater resources, but you can always be smarter than they are!   Many people are obsessed with tracking interest rates on mortgages, other types of loans, and rates of return on investments. Historically, these rates can fluctuate wildly. In 1981, mortgage rates were over 18%. In 2022 they were hovering around 3% or less.   In 1980, the yield on a 10-year treasury bond was a whopping 16%. Rates in 2023 are averaging under 4%. Over the last 50 years, the stock market has returned an average of 10% yearly. Of course, for many smaller investors,...

Regulating the Home Office?   The evolution of the workplace is continuing apace. The most recent changes are targeting work-from-home (WFH) employees, or to be precise, their employers. Up until now, the debate has centered around productivity, as well as supervision challenges and other issues that arise from the WFH phenomenon. The number of people working primarily from home increased from 5.7% to 17.95% of all workers in the United States, and from 14.6% to 24.4% in Europe.   Although most WFH employees enjoy the perks of the arrangement, companies are recognizing benefits as well. New data is showing that remote work could save...

Corporate Office Days   If you do a Google search for “the future of work,” you will get (approximately) 9,910,000,000 hits. If you search under “in office versus from home,” you will come up with 7,730,000,000 hits (more or less). Obviously, a LOT of people have a LOT to say on the subject.   Many employees want to work from home now. Many employers want them in the office. In addition to some self-serving motives, both groups have legitimate reasons for their positions.   Work From Home Productivity   A recent report from Owl Labs concludes: “Several studies over the past few months show productivity while working remotely from...