New York SBDC Research Network

Excerpt from an article by Arihant Patni To read more, visit  LinkedIn "Managing Director at Hive Technologies Key employee retention is critical to the long-term health and success of your business. Retaining best employees ensures customer satisfaction, product sales, satisfied coworkers and reporting staff, effective succession planning and organizational knowledge and learning. As job hopping is increasingly becoming the norm, thanks in part to a workforce comprised of more millennial's who are likely to have twice as many jobs over their lifetimes as their predecessors, the baby boomers, let’s take a look at some key takeaways on how you can retain your best employees. Financial stability motivates people to stay in a job, that’s human nature. Apart from this, health care and insurance concerns also add to the list. What you offer your employees must be comparable to other businesses in your industry."

From the Bureau of Labor Statistics : The Bureau of Labor Statistics (BLS) initiated the annual Employee Benefits Survey (EBS) in 1979, covering medium-size and large private sector establishments. Respondents to the survey provide data on the coverage and provisions that their plans offer employees, and BLS analyzes the data and publishes statistics on those plans in, among other places, the Review. Data from the EBS began coming in and, together with data from other sources, informed the Review’s pages throughout the 1980s. In 1915, when Commissioner Royal Meeker established the Monthly Review, the stated purpose of the new publication was to publish “the results of original investigations...[and] notices of labor legislation,” with attention paid to “the current work of this bureau [BLS], the other bureaus of the Department of Labor, or any other Government agencies dealing directly with labor matters.” In addition, the Review would “report [on] industrial accidents and occupat...

Are you an employer who is seeking assistance with your business? Young workers are a potential commodity that you may wish to consider, the following linked article will explain the reasons why. CLICK HERE

As we prepare to move office, I came across a set of booklets we have. They are from BoardSource and they cover topics such as Structures and Practices of Non-Profit Boards and Ten Basic Responsibilities of Non-Profit Boards. I went looking for current editions of these works and discovered this article: The BridgeSpan Group surveys non-profit organizations to help them get a feel for their strengths and weaknesses. When they surveyed 131 non-profits, what they discovered was that for all their strengths, they were falling behind in other areas. The average score across all statements is 2.92. Overall nonprofit organizations exhibit important strengths: leadership’s vision, having skilled and effective staff, and having an inspiring culture that promotes values and produces results. However, those very strengths are often undermined by what they consider to be their organizational weaknesses, which include their nonprofits’ ability to develop and build staff skills over time. Th...