How We Think

Phased Retirement: Empowering All Employees

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The retirement game is changing and employees are no longer stepping down in their mid-sixties to let their predecessors take their place. Research shows that this is not due to a lack of desire but more often because American workers do not feel equipped for retirement. And, neither do their employers. Letting go of your most experienced employees can leave holes in your organization, and with this loss of expertise, challenges can arise. One of the best ways to handle this is to implement a phased retirement program. Phased retirement offers a bridge to employee retirement, essentially providing employees with…

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Tips on Making the Most of Hiring Outside Help

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This article was written by guest author, Jim McKinley of Money With Jim, retired banker providing free financial counsel.  Hiring outside help for your business can be stressful since you likely have very specific needs that must be met. It can be a challenge to find just the right person for the job who also falls within your budget. But if you want to grow your business, it’s often just a part of the process. Thinking carefully about what your needs are is essential, as is figuring out what your goals are. If you want to boost your marketing and…

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Stock Benefit Plans: A Perk not a Payment

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Stock benefit plans were first popularized during the .com boom of the 1990s. Initially, they offered a way for start-ups to keep salaries low while still offering competitive compensation packages. While a lot has changed since the .com boom, stock benefit plans can be the right call for some organizations. Whether your is a small organization looking to inspire growth or a larger public corporation looking to provide incentive, offering a stock benefit plan may be a way to inspire productivity and help your employees feel more connected to organizational success. A stock benefit plan can be offered in a…

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Psychological Safety: Creating a Safe Space

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The term psychological safety is often thrown around when experts refer to an excelling team or an innovative organization. Creating psychological safety can allow your employees to become more creative, collaborative, and comfortable in their working environment. But what does it mean to have psychological safety, and how can we accomplish this? Psychological safety refers to a shared belief that a space and/or a team is a safe place to take interpersonal risks without fear of judgment or repercussion. This means a member of the team feels safe bringing new ideas to the table, offering feedback, or taking part in…

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