Walmart Raises Wages and So Should You
Walmart, the world's largest private employer, will be raising wages for 40% of its workforce. Half a million employees will see their hourly wages rise to $10 an hour by 2016. A job at the retail giant has become synonymous with rock bottom pay, but Walmart and other companies are quickly learning that in a more optimistic job market, organizations must start paying a livable wage in order to be competitive and profitable. Read more.
The High Costs of Low Wages
In the wake of Walmart's announcement, companies that offer low pay are just learning a lesson that other organizations have already mastered: you don't have to offer low wages in order to stay profitable, even in low-margin and high-competition industries. Livable wages attract more talent, increase worker productivity, reduce turnover, and add to a company's bottom line. Read more.
Winning the Oscars of Business
Winning an Academy Award is the highest accolade given to those in the world of film. An Oscar validates the most memorable ideas and challenging performance in movies for the year. This iconic Hollywood event also offers lessons for what it takes to create something special and impressive in business. Would your company hear their name after this sentence? "And the Oscar goes to..." Read more.
Speaking Your Employees' Love Language
Your team might sometimes feel as if their job is like a romantic relationship: they experience some of their best and worst moments in the workplace, they've made a commitment to invest in the company, and making business relationships work can take just as much time and energy as romantic ones. Speaking your employees' love language is essential to creating lasting, fruitful relationships with your staff. Read more.
February Jobs Report
February continued the trend of strong job growth. The U.S. economy added 295,000 jobs and the unemployment rate edged down to 5.5%. Despite impressive job growth, wages continued to remain sluggish.
Anita Clew offers advice to a manager with an employee whose extreme superstition makes him refuse to fly on Friday the 13th. His obsession with avoiding bad luck costs the company extra money. Anita Clew discusses what managers can do in situations shadowed by superstition and if companies have any recourse for these the extra cost. Read more.