Many perks are tax deductible for an employer but not for an individual. Health insurance and college reimbursement are examples of this. Some of these perks therefore have the effect of raising an employee's wages by $1000 while only costing the company $800.
I am not as scared this year as I was last year. I know now that we can hire effectively for both performance and culture. I know now that, as this team grows, the culture will change, but not necessarily in a negative way.
Company culture. It's a term that's thrown around at office parties and board room meetings alike. But something as amorphous as culture can't really have an impact on tangible business results such as improving your bottom line or helping you hire the best possible talent -- can it?
Increasingly now in the Information Age, when we want answers we can find them everywhere. Online we find expert videos, blogs, articles and white papers, and offline there are books, newsletters and magazines.
Companies always need to retain their top performers. When a company is struggling it is even harder to retain top performers. Here are some rules of things to do and not do when your company is falling on hard times.
I have been a team captain for as long as I can remember. It started in my youth in athletics, carried over to student government, and continued on as I started working. I am grateful for these opportunities.
It was a big day. I was presenting a new product idea to the executive team. After speaking with dozens of customers, the product team knew that we had touched a nerve. This idea would be an excellent way to increase our market share against our competition.
Last week, an exposé in the New York Times depicted the terrible culture and working conditions at Amazon's headquarters in Seattle. Whether or not it is true, the company does have a major public relations issue on its hands.
Not all companies make an investment in the human side of endings -- and the results of that are easy to see. The traditional layoff process is largely a legal and transactional affair, full of practices that are well-intentioned but often leave employees feeling startled, hurt and betrayed.
Average workers know little more than their own salaries and (possibly) the amount of revenue they generate. Critical financial metrics such as cost of goods sold, overhead costs and marketing spend might be lost to them.
Even if you have a massive U.S. consumer base and the world's best data analytics, you simply cannot expect consumers or businesses in new global markets to see or use your offering in the exact same way.
Teams will be as versatile and adaptable as their leadership. In some cases, strong and specific direction is called for -- allowing each person to expertly play their part while following within narrow scope and under well-timed guidance might be the best course.
Although this is my first stab at scaling a company, I'm no stranger to leadership and teamwork. Throughout my lifetime as an athlete, I've been on all types of teams that ranged from less-skilled but fundamentally sound and hard-working, to highly-talented yet dysfunctional and toxic.
Winning a championship in any professional sport is a war of attrition. Getting to the top in the National Hockey League takes added resolve and finesse. An 80-game season alone takes its toll on teams.
From his earliest days, JP Labrosse says, "I've been interested in doing work that has the potential for positive impact." Labrosse was the engineering team lead for two of the early Apple iPod products.
Successful leaders don't hide their goals and their motives. They broadcast them. Transparency is the currency that is used to acquire trust. It's an investment that also requires you to be open to the possibility that you might be wrong.
Have you ever sat there at the end of the week wondering where the time went? Here are what I consider to be the six most damaging Time Addictions that hurt entrepreneurs as they struggle to execute on their dreams and plans.