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4 Strategies to Reduce Employee Turnover That Work 

The Startup Magazine

Image Link: Unsplash Businesses continue to face the issues of economic downturn, an exhausted workforce, a highly competitive landscape, and employee turnover. Employee turnover, for one, has been an ongoing problem across various industries. Do you wish to steer clear of losing valuable employees? Then, keep reading.

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10 Leadership Traits To Inspire Every Startup Founder

Startup Professionals Musings

People who have been followers too long as an employee don’t realize how hard it is to be a leader. Don’t wait for competitors to force the need for better products, lower prices and better customer service. Hoping for good luck and applying pressure is not leadership. Allocates adequate resources to overcome constraints.

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8 Employee Behaviors Challenge Every Business Leader

Startup Professionals Musings

The most valuable assets of a new startup are the people on the team, and the most challenging task of the entrepreneur and team leaders is to spend their leadership time and energy productively. Most new startup founders start out by assuming they need to spread their leadership efforts evenly across all team members.

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The Need For Empathic Business Leadership In The COVID Environment

YoungUpstarts

For example, in January 1914, Henry Ford doubled his workers’ salary to $5 a day to ensure a stable workforce-a workforce that could afford the product they are making. So even if we see the whole pandemic from the economic lens, it would not be wise for the businesses to lay off employees on such a large scale. Wrapping Up.

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How Businesses Can Better Retain Their Employees

The Startup Magazine

Studies have found that employee turnover results in businesses losing over $1 trillion annually. This staggering number can affect your company’s bottom line, but by providing the right incentives, you can decrease the cost of poor employee retention. Human nature is to improve and feel valued.

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30 Entrepreneurs Describe Their Leadership Styles

Hearpreneur

Every leading position in business requires a demonstration of diverse skills and leadership styles. Transformative leadership is also important. My leadership style is best described as benevolent in that I feel that the best leader is the one who is most supportive of the people below them. Innovations drive my leadership.

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Why You Need Tools And Analytics For Employee Metrics

Startup Professionals Musings

Even after many years mentoring entrepreneurs and advising businesses, I continue to be surprised by the primary focus on products and processes, and the often incidental attention to hiring and nurturing the right people. It’s the same for customers and products, where analytics have long proven their value.

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