NEWS

February 26, 2019

With the unemployment rate sitting at under four percent, small businesses must learn how to attract, motivate and retain talent – and it’s not just about the money anymore. 

This is positive news for business owners, especially when hiring employees under the age of 40. Millennial and Gen Z workers are more intrinsically motivated to find reward in their work, and that may or may not include monetary reward programs. 

  • According to a 2016 study, 84% of U.S. based organizations now use non-cash, socially meaningful ways to reward employees. 
  • A 2018 Harvard Business School study of 92,000 job ads concluded that life balance perks such as family-related leave, and personal and professional development opportunities attracted most applicants.
  • Employee recognition such as personal hand-written notes from their boss was cited as a benefit as well as more inclusive cultures that offered employees more ownership, autonomy, and room for creativity.

What about medical benefits? Small business owners tend to believe that since they cannot afford these benefits, they also cannot afford the employees who rely on them. However, when small business owners offer a small monthly stipend earmarked for insurance premiums, many applicants are willing to walk away from more robust medical packages, especially those who do not have children.

Most importantly, when a company sees itself as a rewarding place to work, job applicants will view it that way as well.  Believe in your business!


SOURCE:  Inc.com, 2/18/19
 

November 27, 2018

Reports of rabid raccoons terrorizing a West Virginia neighborhood turned out to be exaggerated.  The raccoons didn’t have rabies.

November 27, 2018

An unnamed Irish teenager’s hiking outing became fodder for any number of bad punsters after the boy was hit by a falling sheep while walking in Northern Ireland’s Mourne Mountains.

November 27, 2018

A gallery of 34 photos on Atlantic.com (11/14/18) depicts how smartphones have transformed the world’s visual landscape.

November 27, 2018

Research out of New Zealand suggests that journaling, in addition to obvious benefits such as mindfulness, memory and communication skills, can also lead to better sleep, a stronger immune system, more self-confidence and a higher I.Q.

November 27, 2018

Dorcas Reilly, the inventor of green bean casserole considered the “mother of all comfort foods,” died on October 15.

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