CoAdvatage – Should business owners pay themselves a salary? Apparently over a quarter (26%) of small business founders say no, according to CNBC. This can be a legitimately tough question. Especially in the early days of a business, owners may not have enough cash flow to set up a recurring salary. Even if cash flow[…]
CoAdvatage – Often the greatest limitation facing workforce productivity is not time; it’s energy. You can’t get maximum productivity out of your team (or yourself) if everyone is so exhausted after the workday that all they can manage is collapsing on the couch. What the research says One study reported in The Harvard Business Review[…]
CoAdvantage – There’s an uncomfortable tension at the heart of many employees’ jobs: studies show that repetition fuels productivity but erodes morale and retention, while variety leads to loyalty but can incur a productivity cost. In other words, employee productivity increases as employees repeat the same work over and over, becoming highly specialized at their[…]
CoAdvantage – Change fatigue has become a pressing concern for employers, nearly half (45%) of whom say their employees are fatigued from all the change they’ve had to endure over the past few years, according to Gartner. Additionally, there are also signs that employees are becoming more resistant to change. Another Gartner study found that[…]
CoAdvantage – Far too many small business owners try to do too much themselves, only to end up overwhelmed by their workload. A 2022 survey from Capital One Business found that nearly half (42%) of small business owners report feeling burned out and more than half (52%) had taken no vacation in the past 12[…]
CoAdvantage -Maintaining healthy workplace boundaries is key to productivity. They serve as safeguards against threats that would encroach on a person’s time, energy, and willpower and prevent or slow them from successfully completing their work. In turn, healthy boundaries can ensure that employees stay energized and have the capacity to focus and get work done[…]
CoAdvantage -Being a business leader has always been hard work, but today’s workplaces are pushing many leaders to the brink. The expectations for business leaders have changed, and leaders’ roles have become more complex. To effectively lead today, leaders need more than just managerial skills; they must also be more authentic, adaptive, and empathetic. That[…]
CoAdvantage – Sometimes individual employees can be more critical to a business than may be immediately apparent. For example, many businesses rely on ongoing, established customer relationships that flow through individual account managers. Alternatively, a company may hire star salespeople who leverage their own extensive personal networks to make new sales. In these cases, the[…]
CoAdvantage – As the old year rolls over into the new, it’s a good opportunity for businesses to take stock and prepare. For HR teams, that means taking some time to understand where the challenges of 2022 – market disturbances, labor shortages, and more – have left them and what they need to do to[…]
CoAdvantage – Getting help with HR is almost always a smart decision, especially from small-to-midsize businesses who stand to gain from economy-of-scale pricing and service delivery. What’s not so clear is what kind of HR service to choose. Businesses have a wealth of options these days for HR services. Professional Employment Organizations PEOs are an[…]
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