Learn more about teamwork with this collection
How to build trust in a virtual environment
How to manage remote teams effectively
How to assess candidates remotely
Inertia
Employees often keep working in organizations that they are unhappy with. Reasons include financial pressure, like student loans or a mortgage.
32
258 reads
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Paying Employees Exceedingly Well
A short-term fix for making employees stay is to pay the employees well. This is not a long-term strategy, as having people in a company for purely financial reasons wouldn't be a good idea. But if employees aren't paid well, great performers will find it hard to stay.
57
270 reads
Interesting Projects
Providing interesting or a variety of projects keeps talented employees on board.
Innovative projects eventually reduce the need for old software/old processes that are normally active for decades as no one is capable or interested in providing a more efficient way to work.
39
269 reads
Career Progression
- Providing a clear career path with regular opportunities to grow and develop, makes the employees commit themselves more to the organization.
- Organizations that are constantly hiring talent from outside (as opposed to developing internal talent) are leaving doors open for existing em...
65
749 reads
Respect and Recognition
- Respecting employees, and recognizing their good work goes a long way in retaining them.
- Employees that are rewarded, respected and recognized develop job satisfaction in their organization.
- Subtle things including a kind action or an appreciation also form a positive mindset...
49
216 reads
CURATED FROM
CURATED BY
"If you want to build a ship, don’t drum up the men to gather wood, divide the work and give orders. Instead, teach them to yearn for the vast and endless sea." - The little Prince
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How to Keep Debt at Bay
- Paying off the little debts can give you confidence to tackle larger ones. It’s recommended to focus on debts with the higher interest rates, but sometimes a moral boost is worth it.
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Financial Planning: 60s
- Save a total of eight times your annual salary in your retirement funds,
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- Use catch-up retirement strategies like downsizing, moving, working longer, selling assets, if required.
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Borrow Wisely
Warren Buffett advises against excessive borrowing, such as credit card debt or unnecessary loans.
Some experts divide borrowing money into "good debt" and "bad debt."
- Good debt is investing in your long-term future, such as a mortgage or student loan. Ideall...
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