The current business landscape has made it more challenging than ever for business leaders to attract and retain talent and continue their growth trajectory. Turnover and job openings have reached record highs since the pandemic, according to the U.S. Bureau of Labor Statistics.
Higher employee turnover, a smaller talent pool and rising inflation have diminished the impact of increased wages and strong markets. For business owners right now, finding the right people is their biggest challenge. Internal factors like attracting and retaining talent, developing leaders and improving cash flow are among the top issues for C-suite leaders.
Start by investing in your company culture
Pressure and adversity expose your company’s culture. It’s often too late to create the culture you were striving for when tough times come. You make it through the tough times because of the culture that (hopefully) already existed, so invest in making it a good one.
The strategies that matter now
While the challenges that growth-minded businesses face may vary, they do have several things in common. These companies typically employ nine core strategies to create a culture that helps them effectively attract and retain talent, grow faster and generate revenue. The core strategies have never been more relevant, and what makes them so effective is at the heart of this e-book. You’ll learn how incorporating them creates a framework that strengthens three essential attributes of growing businesses: maximizing people, streamlining operations and managing risks.
Building a growth-minded company
When these core strategies become part of the fabric of your company, they have the potential to positively impact every area. This comprehensive approach to managing people, risks and operations forms three pillars that provide your organization the structure and support it needs to grow.
The simplicity of the three pillars allows a business owner to come at a problem or challenge from any of the three directions. As overall infrastructure improves and matures, additional benefits may include:
- Reducing the need for micro-management or other leadership inefficiencies through clear and consistent communication and expectations
- Providing the information and metrics necessary to help ensure that each area of the business is prepared to meet compliance challenges
- Improving overall morale and performance within the organization
- Becoming more attractive for potential merger or acquisition opportunities where well-managed companies are valued
Each of the strategies presented throughout this e-book goes beyond providing the necessary resources and logistical support.
Download this complimentary e-book today for a deeper understanding of how to cultivate a culture that facilitates growth in your organization – and how scalable HR solutions can scaffold you through every phase.
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