Podcast:
Be Excellent quoted the 2006 Employee Review by recruiter Randstad, reported by Management-Issues.
- Almost 90% of employees said that feeling valued is an critical factor in job satisfaction, but barely 30% of them felt that they were valued by their own employers.
- Only 25% of employees felt that their organizations felt any loyalty towards their staff and barely more than half (56%) felt any loyalty to their organizations in return.
- While the majority of employees and employers agreed that the top source of productivity gains was increased employee efficiency, only half of employees of all ages said that leadership practices in their organisations fostered employee development.
small biz rural entrepreneurship workforce podcast audio
New to SmallBizSurvival.com? Take the Guided Tour. Like what you see? Subscribe.
- The Idea Friendly Method to surviving a business crisis - October 6, 2020
- Join me for the Rural Renewal Symposium online Oct 13 - September 26, 2020
- Cheap placemaking idea: instant murals - September 11, 2020
- Refilling the rural business pipeline - July 7, 2020
- Huge vacant buildings: grants to renovate? - June 9, 2020
- Economic self defense for small towns - June 7, 2020
- The best things you can do for local businesses in light of coronavirus - March 27, 2020
- How to get more parking downtown without adding any spaces - March 7, 2020
- Exact Yeti Blue mic volume and Windows settings to reduce background noise - February 17, 2020
- Getting local businesses to cooperate with you: Shop Hopping Around Brownsville - December 16, 2019
another terrific podcast. you were born to do this stuff, Becky.
Thanks, Mark! You are great at encouraging people.
This is some great stuff. Thanks for the podcast.
I work for a nonprofit that helps small businesses create better work environments. We look for data like what you’ve cited that supports the notion that appealing and catering to your people translated into improved morale, productivity and, ultimately, profitability.
I recently found a study by Cornell University’s School of Industrial and Labor Relations which found that small businesses that hire workers who fit into their company culture create a “family-like atmosphere” where employees are trusted to manage themselves. This move toward empowering employees has resulted in 22 percent more revenue growth, 23 percent more profit growth and have 67 percent less employee turnover among the 323 small business respondents in the study.
Source: http://www.winningworkplaces.org/library/research/rs_2006goodhrpractequalgrowth.php
We also have some research of our own to support the link between paying attention to your people and finding business success. Each year, we recognize outstanding small enterprises. Among this year’s 30 finalists (15 will be named winners at our conference in September), most of them use practices like open-book management and several measures per employer to solicit employee feedback. We found a correlation in which these practices resulted in an average growth rate of 40% between 2004 and 2005. Even more amazing is the fact that these small businesses are spread across many industries, from marketing and technology to property management and even horse supplies.
I enjoy reading your posts and the resulting comments. Keep up the great work.
Mark H.,
Thank you for your contribution on this topic. Your organization serves a fascinating mission! I think we have some ways to work together.