Whats employee retention

Share to Twitter Share to Linkedin Mentorship programs have become an increasingly popular resource as organizations recognize the value of employee development. What should companies consider when establishing mentorship relationships to help employees grow and succeed? Mentorship relationships happen naturally within any professional setting when someone with more experience (the mentor) offers valuable insights to someone with less experience (the mentee). But establishing formal mentorship programs adds the structure and consistency necessary for long-lasting and positive outcomes. Examples of Mentorship Programs With the right mentorship program, organizations can foster collaborative environments that benefit mentors and mentees. Which mentorship relationship is suitable for your organization’s needs? Traditional Mentorship is a one-on-one relationship where more experienced employees partner with those who need support. Reverse … [Read more...] about The Power Of Mentorship: How Mentors Can Help Employees Grow And Succeed

Share to Twitter Share to Linkedin Lakshmi Raj, cofounder and co-CEO of Replicon , a time intelligence company. While traditionally separated by floors and organizational structures, human resources (HR) and information technology (IT) are now playing a more critical role in each other’s daily operations, especially in the digital era of business. Hiring new employees and managing existing workforces based on the demand for skills is increasingly a coordinated effort between the two departments. The HR department now relies on advanced resource management solutions to better manage hiring and reskilling programs, while the IT department collaborates with HR teams to implement solutions that enhance employee experience. This has reemphasized the need for HR and IT teams to be more aligned than ever before. Data silos have existed, but can that continue? HR and IT departments have arguably been two of the most collaborative departments in any … [Read more...] about The Connected Employee Experience Requires HR And IT To Be More Aligned Than Ever

Share to Twitter Share to Linkedin Co-Founder and CEO of Varonis , responsible for leading the management, strategic direction and execution of the company. In the movie Apollo 13 , three astronauts returning to Earth are unaware of their perilous reentry. Back in Houston at Mission Control, chief flight director Gene Kranz (played by Ed Harris) comments on the unfortunate events, saying: "Is there anything they can do about it?" No one dared to speak. "Then they don't need to know." If Kranz was in IT security, he'd probably have a thing or two to say about actionable information and how there's sometimes too little and many times far too much. In this article, I'll share how automation can help turn the right information into action, helping to defend against cyberattacks, mitigate risk, shore up compliance and improve productivity. You Can't Unbreach Data The biggest security risk businesses face is lasting damage, which … [Read more...] about What Automation Means For Cybersecurity—And Your Business

Share to Twitter Share to Linkedin Discussions around the "future of work" nearly always revolve around knowledge workers. Since the Covid pandemic, many of these discussions revolve around remote work, and whether it has been productive, the gender issues involved when we work from home, and what it might do to corporate real estate. Research from Reichman University's Baruch Ivcher School of Psychology takes a different tact and explores the issue of remote work from the manager's perspective. The researchers wanted to understand how the transition to remote work has affected managers, especially in light of the reinvention of the managerial role in the wake of the transition. Changing role As part of the study, the researchers conducted in-depth interviews with roughly 30 managers from various industries who underwent the shift from office-based work to remote work during the pandemic. The managers were requested to narrate their experiences … [Read more...] about How Remote Work Impacts Managers

Share to Twitter Share to Linkedin In healthcare, as in life, people devote a lot of time and attention to the way things should be. They’d be better off focusing on what actually could be. As an example, 57% to 70% of American voters believe our nation “should” adopt a single-payer healthcare system like Medicare For All. Likewise, public health advocates insist that more of the nation’s $4 trillion healthcare budget “should” be spent on combating the social determinants of health: things like housing insecurity, low-wage jobs and other socioeconomic stresses. Neither of these ideas will happen, nor will dozens of positive healthcare solutions that “should” happen. When the things that should happen don’t, there’s always a reason. In healthcare, the biggest roadblock to change is what I call the conglomerate of monopolies , which includes hospitals , drug companies , private-equity-staked physicians and commercial health insurers . These … [Read more...] about In Healthcare’s Game Of Monopoly, One Player Will Control The Board

Share to Twitter Share to Linkedin Christine Tao is CEO & Co-Founder of Sounding Board , helping companies grow their leaders through scalable, personalized leadership coaching It’s rough out there right now. Boards and investors are pressuring companies to tighten their belts, leading to massive layoffs across the tech industry and beyond—nearly 125,000 employees were laid off last year, according to Forbes’ layoff tracker , and the totals for 2023 keep growing each week. In 2009, I was laid off from Google during the "Great Recession.” I went from landing my dream job to the very real possibility of moving back into my parent’s house, along with a mountain of student debt. At the time, I was crushed, but ultimately, this unexpected turn of events is what led me to co-found my company, Sounding Board. I know stories like mine can feel flippant to those who are experiencing the very real challenges and hardships associated with the … [Read more...] about How To Alleviate The Middle Manager Squeeze During A Restructuring

Share to Twitter Share to Linkedin A biased bid selection process represents one of the biggest threats for procurement officials. Such bias leads to a bad selection decision for a government contract, wasting taxpayer money. Moreover, it may lead to a procurement bid protest. The Government Accountability Office (GAO) put out a report in 2017, which found that a “flawed selection decision” was one of the top four reasons for successful bid protests - and over 22% of bid protests succeeded that year. So how should procurement officials protect their procurement selection process from bias? Doing so requires a basic grasp of behavioral science research on cognitive biases and how to defeat them . What Do Lawyers Working on Bid Protests Say About Bias? In 2021, the US Congress commissioned a bid protest study at the Defense Department referencing the work of Dr. Christopher Yukins , a professor of procurement law at the George Washington … [Read more...] about Prevent Costly Procurement Disasters: 6 Science-Backed Techniques For Bias-Free Decision Making

Share to Twitter Share to Linkedin Everything was true regarding what the two most powerful men associated with University of Notre Dame athletics wrote this week in an op-ed piece for the New York Times NYT about the state of college athletics. To paraphrase: Despite such things as CBS and Turner paying around $1 billion per year through 2032 for the men’s basketball tournament, doom and gloom are on the way for the NCAA, suggested Notre Dame president John I. Jenkins and Jack Swarbrick, the athletics director of the Fighting Irish. Among the evils cited by Jenkins and Swarbrick is the way college athletes are getting paid through name, image and likeness (NIL) deals. Well, some are, but the overwhelming majority of them aren’t. While quarterback Bryce Young finished his Alabama career in January earning an estimated $3.5 million in NIL deals, NIL platform INFLCR puts the median transaction at $53 . Which means if you think it … [Read more...] about Take It From Notre Dame Top Leaders: They Can Save NCAA From NFL, NBA, NILs And Just About Everything Else

Share to Twitter Share to Linkedin The doomsayers who predicted the literal demise of the U.S. restaurant industry after Covid—especially at the fine dining level—proved myopic in the extreme. A new study called the “Agency Forward Restaurant Survey” compiled by Nationwide Insurance, which both insures and advises restaurants on coping with inflation to supply chain issues shows that every segment of the industry has not just survived but in many cases is thriving well past pre-pandemic levels of business. To explain the findings I spoke with Peter McMurtrie, President of Commercial Lines at Nationwide: You say reservations have returned to pre-pandemic levels. Does this apply as much to fast food and chain restaurants (which are mainly walk-in) as with higher end and fine dining? While this research study only focused on fine dining, fast casual and family-style restaurants, recent research as well as our interactions with customers have shown fast food … [Read more...] about The US Restaurant Industry Has Bounded Back from Covid At Every Level From Fast Food To Fine Dining

Share to Twitter Share to Linkedin Widely circulated reports that the U.S. Securities and Exchange Commission (SEC) is investigating $20 billion crypto exchange Coinbase are just the tip of the iceberg, according to a staffer from U.S. Senator Cynthia Lummis’ (R-Wy) office. The staffer says every U.S. crypto exchange—and the largest crypto exchange in the world, Binance—are in various stages of being investigated. There are more than 40 U.S. cryptocurrency exchanges, according to crypto data site, CoinGecko. The SEC has not responded to multiple requests for comment. Coming in the wake of a number of SEC actions asserting the regulator’s domain over the crypto industry, and an equally strong response by the U.S Commodity Futures Trading Commission (CFTC) pushing back against what it characterizes as “regulation through enforcement,” the staffer says the SEC urgently wants to resolve its dispute with the CFTC over crypto jurisdiction. If the matter isn’t … [Read more...] about Every U.S. Crypto Exchange (And Binance) Is Being Investigated By The SEC, Says Senator Lummis Staffer