Finding plus keeping talent isn't always the easiest- neither is it something that you WANT to do...ALL the time.
Remember the skills that people learn are supplanted by new ones all the time. When your skill set becomes obsolete you get laid off, no matter where in the company hierarchy you fall. Boost flexibility by hiring 2 employees for every one that may retire. Start hiring skills and not JUST reputation.
Smart employees are in fear of stagnation so hence retaining them will prove difficult.
For the past 15 years, I've done real estate Plus another job. Whether it has been helping run a business Blue Chip Seasonal Services or any one of my 9 to fives. This is an asset. A side gig can offer new skills while broadening your network plus extra income.
Don't expect whomever employs you to be your buddy. But do expect to give out better evaluations and incentives if you are a manager/owner. Like sending out feedback evaluations via an online app. Who wants to sit through a performance revue? And if your job ever states, "Your Fired!" (thanks Donald Trump), then moving on can be MORE PROFITABLE. huh?! According to a November report by ADP employees who stayed in the same position as the year before earned a 3.5% wage bump in 2015, people who switched jobs pay increased by 6.5%!
Last but not least a company will not thrive if they are not putting money back into the company.
I've often thought about giving plans for remodeling some structures to make them more collaborative for other people and our own industry! Then renting out the space to give new business an opportunity to interact with a new technology and and an rapidly changing millennial driven economy.
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