Archive for July, 2018

Why Perfect Attendance Isn’t Perfect

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From small business owners to CEO’s of multi million-dollar corporations, employers are looking to find ways to improve employee productivity. For many employers, productivity is tied to attendance — perfect attendance is encouraged assuming that increased productivity will follow. But is this the case? Does perfect attendance really result in perfect productivity? A common trend in the corporate world is putting this theory to the test. For many years, companies have turned to incentive programs to encourage perfect, or nearly perfect, attendance. Perfect attendance for the year can earn employees a gift card, cash prize, or even a car. The…

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What Happened to the Annual Raise?

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Unemployment and wage growth have always been two sides of the same coin: when one rises, the other falls. In recent years this has begun to change. Employment opportunities abound, corporations report record growth, and yet, wages in the United States have remained stagnant. Cost of living adjustments and large merit increases raises have been cast to the side and replaced by perks (such as free lunch, additional vacation days, pet insurance, etc.) and incentive programs, such as  quarterly and/or annual bonuses. While there are many possible reasons this trend continues, research points to the most recent recession for its…

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Lessons from the White House: Credibility Matters

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Credibility of leadership is often something we take for granted. We assume, whether it be our CEO or a government official, that those in a position of authority are credible people. When this is challenged, and credibility is diminished, we not only doubt the individual’s ability to provide guidance and support but question the reliability of the system that has put them in a leadership role. When the current administration took up residence in the White House, many relied on the credibility of the Presidential office and governmental institutions. As time has gone one and the administration has produced more…

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Managing Your Business While on Vacation

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This article was written by guest author, Jim McKinley of Money With Jim, retired banker providing free financial counsel.  You may think that you can’t take a vacation while running your own small business.  Surveys suggest that 49 percent of owners take fewer than three days away during the holiday season — other studies suggest 50 percent never even take time off — but you actually can. In fact, you’ll be doing yourself a favor. If you’re not in the position to entirely close up shop for a duration of time (especially if you have several employees), here’s what you…

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