The Simple Solution To The Great Resignation

But even there, the solution is simple: treat your employees like human beings and accept that you can't squeeze every ounce of profitability out of them if you want them to stick around.and my margins are razor thin.” That’s unfortunate; sadly, the corporation you’re a franchisee to is likely making money hand over fist because none of your costs of doing business arecosts; they just get to keep the money you made them.

“But Liz”—you might be shouting now—“if profits go down, our stock price goes down. If our stock price goes down, the board will come for my head.” And they will continue to watch the price go down as employees bolt to companies that acknowledge reality and customers pivot away from understaffed establishments begging for teenagers to apply.

This isn’t complicated, even if it’s difficult. Chasing profit at any and all costs is not the formula for a company capable of staying competitive in an era where demand for labor vastly outstrips the supply. Keeping workers living paycheck to paycheck is only going to guarantee that none of them remain, and it’s very hard to make money if you don’t have anyone working the counter. More and more Americans are wising up to that fact.

You have to make peace with reality. Think about it like this; more money in your team’s pocket means more discretionary spending, which means increased consumer demand, which means increased business. We can’t expect to make money off of cuts anymore; it’s time to start investing in our businesses by investing in the people who make them profitable: our teams.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

3 simple ways to ditch the ‘all-or-nothing’ mentality over the holidaysMaking your physical and mental health your focus — not a specific diet or fitness plan — is key.
Source: TODAYshow - 🏆 389. / 55 Read more »

Council Post: The Great Resignation: Why Employee Turnover Is Killing BusinessesBusinesses need to become a lot more adept and competent when operating in this extraordinary economic environment. Wait a minute, do you mean that all of these people quitting their jobs in this 'great resignation' is one of the reasons for the help wanted and hiring signs?!
Source: Forbes - 🏆 394. / 53 Read more »

Why the 'stay interview' is the next big trend of the Great ResignationWhy the 'stay interview' is the next big trend of the Great Resignation. (via CNBCMakeIt) MakeIt There is vote here 🔥🔥🔥
Source: CNBC - 🏆 12. / 72 Read more »

When Talking About The ‘Great Resignation,’ Let’s Not Forget About The Working MomsMoms all over the United States have been forced to quit their jobs because, as usual, our country can’t get it together.
Source: ScaryMommy - 🏆 116. / 63 Read more »

Aaron Sorkin Hopes People Will ‘Pay Less Attention to Twitter’ After Watching ‘Being the Ricardos’Writer-director Aaron Sorkin said there are three things he hopes audiences walk away with after watching his newest film, “Being the Ricardos,” about the lives of Lucille Ball and Desi… “In 1999 Lachlan and Packer became close with Cruise through Cruise’s then wife, Nicole Kidman” “when Tom Cruise and Nicole Kidman divorced, the Murdochs came out in full support of Kidman” “In 1999 Lachlan and Packer became close with Cruise through Cruise’s then wife, Nicole Kidman” “when Tom Cruise and Nicole Kidman divorced, the Murdochs came out in full support of Kidman” “In 1999 Lachlan and Packer became close with Cruise through Cruise’s then wife, Nicole Kidman” “when Tom Cruise and Nicole Kidman divorced, the Murdochs came out in full support of Kidman”
Source: Variety - 🏆 108. / 63 Read more »

Dakota Johnson Stuns In Winter White Wrap DressSimple and stunning.
Source: ELLE Magazine (US) - 🏆 472. / 51 Read more »