Did you know: the average company loses 20-50% of its employee base each year, according to research from Bain & Company. And, based on data from Columbia University, it costs 150% of a lost employee’s yearly salary to replace them.
Retaining employees is a massive priority, but more often than not, our strategies to reduce turnover miss the mark.
Why are so many qualified employees leaving companies, and what steps can HR at fast-growing companies take to solve this problem?Continue reading
In a world that increasingly values hustle and glorifies burnout, it’s refreshing to hear leaders speak out against philosophies that advocate working yourself to the bone.
Jason Fried is one of those leaders. He’s the co-founder and CEO of an incredibly successful tech company called Basecamp, which was started in 1999, and continues to thrive today.Continue reading
Tell me if this sounds familiar. Someone at your company organizes what they see as a fun, company-wide activity, and it is absolutely not something you are interested in, but you follow through anyway because you don’t want to ruffle feathers or disrupt the culture. You might go through the motions, but you do not feel engaged.
Does that mean you’re not a cultural fit? Or does it mean you simply have different interests, preferences, or tendencies (ie., extroversion vs. introversion: maybe karaoke gives you anxiety to the point of throwing up, or the thought of an improv class makes you want to climb into a cave and never come back out).
If your company throws a big, rowdy holiday party and someone leaves early—or someone doesn’t show up at all—is that OK? Does it mean they aren’t engaged?
Are they hazards to your culture? Or is a truly healthy workplace one that lets people be who they are?Continue reading
What if your company paid you an additional $1,000 to take a vacation—yes, on top of your already paid vacation time? Sounds too good to be true, but to encourage better work-life balance, some companies—like Basecamp, Buffer, and Evernote—are offering such generous incentives.
North America is a breeding ground for burnout. In fact, a recent study showed that 90% of working Millennials would prefer to take a vacation over a pay raise. If those figures are indeed true, it might make sense to allocate funds reserved for bonuses to something like a vacation fund instead.Continue reading