President Barack Obama made big news Thursday when it was announced he is backing a plan to give free community college for any student who attends school at least part-time and has a GPA of at least 2.5. The plan should aid nine million students who are enrolled in community college and are paying an average of $3,800 a year to attend, according to government numbers. With the cost to attend a single year at a public, four-year college $18,943 on average and rising (with that number jumping to an astonishing $42,419 for private schools), the move will certainly be …Read more »
Tag Archives: HR
Why Cable And Satellite Are Doomed (And What You Can Learn From It)
Cable TV companies, I have bad news for you: your days are numbered. Comcast, Time Warner, Cox and the rest will have a long tail, no doubt, as many people will still watch TV “the old way.” But, in 20 years, it is very unlikely any of those companies will exist anymore, especially if they stay in their current form. I wouldn’t bet on satellite either. Yes, DISH made some news this week by announcing a $20 package that features ESPN and DirecTV has been steady if not spectacular, but those won’t be around forever, either, for the exact same …Read more »
The Hiring Problem That’s Killing Companies And Driving People Bananas
What if I told you that 80 percent of a particular workforce thought they had a great understanding of what they were doing and what was expected of them. And yet, when you talk to the group that workforce is serving, 61 percent of them say they really don’t. That’s the equivalent of 80 percent of cooks thinking they are serving great food, but 61 percent of the customers saying it isn’t very good. Or 80 percent of accountants believing they are the next George Oliver May, yet 61 percent of their clients go to bed each night worrying about …Read more »
The Best Way To Tell An Employee “Good Job”
Telling your employees “good job” can make you rich. Just ask Quintiles. Quintiles, a Fortune 500 company and the world’s largest provider of biopharmaceutical services, recently reduced turnover by 50 percent, which saved the company millions of dollars. How? They did a better job of telling their employees “good job.” Specifically, they made employee recognition a focus of their organization in the hopes of increasing morale and reducing turnover. They made a budget ofapproximately $100 per employee per year to spend on recognition, and it paid off in a big way. Despite having a budget, they didn’t really use cash rewards to …Read more »
A Fable: How Not To Deal With Competitors
There isn’t a business in the world today that doesn’t have competitors. Coke versus Pepsi. The Yankees versus the Red Sox. Justin Bieber versus the patience of the American public. We try to be friendly about them, try not to say anything bad them (in public, at least), but there’s something we all agree on: we secretly sort of hate them. And we want to beat them, really badly. The question is, how do you deal with competitors? Do you analyze their every move and figure out counters? Do you ignore them completely and just focus on improving your own …Read more »
Is Shake Shack A Good Investment?
It seems like a familiar trend: a “fast casual” restaurant advertising fresher, better food than traditional fast food places is going public, in the hopes of raising huge amounts of money so it can quickly expand, Chipotle-style. That’s the story of Shake Shack, a burger joint with 63 locations worldwide, which started as a hot dog stand in Madison Square Park in 2000. The company officiallydeclared its intention to go public on Monday hoping to raise $100 million, primarily to build new stores. Shake Shack, like Chipotle, plans on owning its own stores, instead of franchising them out. Its plan is to capitalize on …Read more »
The New, Essential Quality To Look For While Hiring
How can Vineyard Vines get away with charging $38 for a shirt with a whale on it, when there’s something on Amazon for half that price? And when there are countless shirts at Walmart for $6? How can Tiffany’s charge twice the price for diamond rings that are the exact size and quality as their competitors? How can Whole Foods charge more than other grocery stores for similar products? The reason, according to several recent reports published in the New York Times, is authenticity. And it is becoming more and more necessary in an experience-fueled economy where all the basic product sales are being chewed …Read more »
The Costly Universality of Limbaugh’s “Bond” Thinking
Pierce Brosnan is a 6’2” tall, dark Irishman with dark brown hair. Daniel Craig is a 5’10” Englishman with blond hair and blue eyes. From purely a looks perspective, few of the actors that played Bond really look like what Bond was supposed to look like, with the closest probably Timothy Dalton. Here’s a picture of Dalton, below Ian Flemming’s original sketch of James Bond: So the man who looks most like the original James Bond character is widely regarded as the worst James Bond ever (aside from George Lazenby, who did just one film). And …Read more »
The Top 10 Hiring Trends of 2014
The end of 2014 is near, and overall it has been a good year for the business world. While we still haven’t completely recovered from the “Great Recession” of 2008, corporate profits are up, the stock market hit record highs and gas is actuallyaffordable again. There have been tremendous changes in the hiring landscape as well in the past 12 months, much of it positive. So, without further ado, here are the top 10 hiring trends we saw in 2014 (and some bold predictions for 2015): 1. Hiring Was Up The best news of all, and something that is the root cause of …Read more »