The most immediate effect of a lost RFP is the absence of new revenue. Companies depend heavily on their proposal teams to secure opportunity wins on a consistent basis. New contracts equal new revenue, that’s obvious. However, when a company loses an RFP opportunity, the ripple effect is felt throughout the company. The annual average win rate for government RFP … [More]
Interest in Employee Tracking Trending Up
Recent studies have found that 7 in 10 large companies in the U.S. will be monitoring their employees in the next two years. Careers and resume advice site StandOut CV reviewed which states are most likely to monitor employees according to Google data and determined just exactly what an employer is able to collate and monitor when using these tools. According to Google … [More]
Cybersecurity Training for Employees Is the Most Popular IT Investment among U.S. Companies, Says Survey
Cybersecurity training for employees, as well as the purchase of cybersecurity solutions/services (61% each), are the most popular IT investments among US businesses this year, according to the newest research by NordLayer, a network security solution for businesses. The majority of US companies (67%) have in-house cybersecurity specialists to take care of that, while 24% … [More]
Gather, GROW and Refill Your Team’s Energy Tank with These Four Steps
There’s never a perfect time to pause your day-to-day work and focus on the internal team, but when you do make the effort, the dividends are immediate. Setting aside an hour, a half-day, a two-day retreat or anything you can manage as a team will provide the opportunity to gather together, grow as a team and refill your collective energy tank in order to bust out of service … [More]
The Hidden Costs of Hiring
Hiring a new employee is an essential but costly process for any business. Beyond the initial salary negotiations and contract signings, there are numerous hidden expenses that can significantly impact a company's resources and time. According to a report by the Society for Human Resource Management (SHRM), the average cost per hire in 2022 was $4,700. This figure, however, … [More]
An Ugly Firing Isn’t Inevitable: How to Turn Things around with a Problem Employee … Starting Now
The warning signs are all there. Your employee (let’s call him Jeremiah) is calling in “sick” a lot more than seems plausible. He’s missing performance goals. Even worse, more than one customer has complained about his attitude. To your dismay — because letting someone go is one of the most painful tasks a leader ever must do — it’s starting to look like an ugly firing is … [More]
Bridging the Cloud Skills Gap: Six Recommendations for Employers
Roads are likely to buckle and fail if they cannot handle a growing number of motorists. In online terms, more and more remote IT workers, fueled by the global pandemic, are finding they lack in-house skills to handle more than half (60%) of their current operational tasks. Even more important, this deficiency is making it difficult for employers to build and maintain resilient … [More]
‘Vacation Just Isn’t Worth It’ If Your Employees Are Saying (or Thinking) This; Here’s What to Do
Vacations really matter. They reduce stress; help prevent burnout; and keep people healthier, happier, more motivated—and yes—more productive. Research on the positive health benefits and increased performance from regular paid time off (PTO) practices is indisputable. What this means for leaders is clear: Encouraging people to take their vacations isn’t only in their best … [More]
Moving from ‘Fine’ to ‘Well’ at Work
The roadmap to creating a practical wellness plan for the office
Work-life balance. It has been talked what feels like to death in recent years, especially as employees moved from in-person to virtual during the pandemic and are now back in-person full- or part-time. However, the risk factors that come into play when a healthy work-life balance is not maintained are shocking: unhealthy stress levels for prolonged periods of time. The … [More]
Team Building with CSR in Mind
Corporate Social Responsibility (CSR) and team building are two critical aspects of a company’s success. Team building focuses on enhancing collaboration and communication, but integrating CSR into that activity can strengthen the team and generate a positive impact on society long after the team-building exercise is done. Best Corporate Events has more than 20 CSR … [More]
Hiring vs. Recruiting: Understanding the Impact on Retention Rates
In the realm of talent acquisition, hiring and recruiting are two distinct processes that play a vital role in building a successful workforce. While both terms are often used interchangeably, understanding the differences between them can significantly impact a company's retention rates. Hiring is commonly associated with filling immediate vacancies and addressing … [More]
Dealing with DEI Pushback
Eleven strategies to defuse resistance in your organization
Inclusion is good for organizations and good for employees. But if your company is like many, everyone may not welcome the new conversations and initiatives taking place around diversity, equity and inclusion. In fact, there will almost certainly be resistance to your efforts to create belonging — maybe subtle, maybe overt, or maybe both. Some people might refuse to engage … [More]
Companies Can’t Afford to Lose Focus on Talent Retention
On top of costs, even filling open slots can be difficult
Talent retention is a critical aspect of any successful business. Retaining talented employees, or failing to do so, can have a significant impact on a company’s bottom line. A business that can keep employees around long-term reduces the cost of hiring and training new employees. Talent retention also mitigates lost productivity caused by constantly having to train employees. … [More]
How to Upskill Employees during a Tight Hiring Landscape
The focus is on helping them align with their organization’s overall growth strategy
Talent development initiatives are growing increasingly important, especially as hiring concerns shift from quiet quitting to conscious quitting and beyond. Hiring the perfect candidate is costly — in fact, hiring anyone will likely cost an organization around $5,000 on average. In this landscape, many enterprises don’t have the financial stability to take a chance on hiring a … [More]
Balancing Cognitive Diversity in the Workplace
Tap into the strength of not thinking alike
In the modern workplace, cognitive diversity is highly valued. This refers to the differing styles, viewpoints and skillsets among individuals. Teams that are cognitively diverse can increase innovation, creativity and overall performance within the group. However, there still may be challenges when it comes to communicating effectively, managing conflict and overcoming … [More]
5 Ways to Unlock the Power of Your Employees’ Desires
We can do remarkable things when we listen to our hearts. It’s where our deepest desires reside, fueling our actions (for better or worse) and guiding us onward toward our purpose. Gary Harpst says the job of the leader is to help employees figure out how to connect their skills and passion to the purposes of the organization. With this careful alignment, individuals and the … [More]
The Unequal Rewards of Peer Support at Work and How to Level the Playing Field
According to new research released in MIT Sloan Management Review, men benefit more from supporting colleagues than women do. A recent study conducted by Nancy Baym, a senior principal research manager at Microsoft Research and Constance Noonan Hadley, founder of the Institute for Life at Work and a lecturer at Boston University’s Questrom School of Business reveals that men … [More]
Three DEI ‘Musts’ for Creating a Human-Centric Workplace
Future-fit organizations want to thrive today and adapt quickly to the needs of tomorrow. They’re committed to keeping employees of all races, cultures, genders, orientations, and experiences happy and engaged. They know focusing on people—and helping them thrive—is the key to staying relevant and profitable for the long haul. Diversity, equity, and inclusion (DEI) are … [More]
