Your Company’s Greatest Investment Is People

Your Company’s Greatest Investment Is People
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In this competitive market, companies are struggling to not only retain but also grow their talent pools as they expand. Attractive salaries are important, but the most successful companies incorporate people-first practices into their mission and daily practice. In this article, I will discuss five ways your company can stay on track by retaining, cultivating and increasing your team of winning talent.

1. Invest in job and career-readiness training.

During the pandemic, many people changed jobs in what is being called the Great Reshuffle. At the same time, we are living in a period of significant growth across industries toward a more technology-centered economy, which is amplifying the need for high-skilled employees.

This is not only increasing competition in the hiring market but also creating a skills gap between the jobs that need to be filled and the number of people with the experience to fill those positions—heightening the overall pressure on employers.

Growing companies need to invest in their employees not only through raises and other financial incentives where possible but also by offering training programs and other benefits to provide them with the necessary tools to support their career goals.

Ford’s recent investment in job and career-readiness training across the United States highlights the value of this type of development. Employees are in the driver’s seat and are searching for more from their employers.

2. Develop a strong work culture.

According to WTW’s 2022 Global Benefits Attitude Survey, 20% of workers would leave their current jobs. And it’s not a desire for pay increases motivating them—they are seeking upgrades in work culture as well as benefits.

Fostering a healthy company culture helps improve overall satisfaction. It’s vital to create a culture that inclusively empowers all employees to succeed.

3. Be flexible with your employees to mitigate burnout.

Avoiding the brain drain that comes with high turnover rates and maintaining a robust talent pool have become top priorities for many organizations.

To increase employees’ utilization of their PTO, we at Smith have found success in sharing questionnaires to understand their workloads and where other leaders and team members can step in to help them take days off. This is a major factor in helping employees avoid burnout.

Successful companies work to support employees by focusing on hiring staff in both recruitment and HR and by building a culture of transparency. This includes more touchpoints with executives and allowing remote work where possible.

4. Optimize both your onboarding and continued training.

The success of your company is directly tied to the success of your employees, and it starts with the onboarding process of new individuals joining the team. Onboarding has been noted as a make-or-break moment for retaining employees in the long term.

In addition, many companies that have been successful with staff retention have some type of ongoing training program that both new and existing employees attend to both learn the basics and advance their knowledge base and skill set. Trainings that are designed to engage through modules and industry certifications keep employees equipped to do their jobs and empower them to take themselves—and the company—to the next level.

At Smith, we have built Smith University to provide staff with a structured training and onboarding program and support them throughout their tenure.

5. Promote a culture of open communication across hierarchies.

Investing in people can also mean finding innovative ways to cultivate employees’ feelings of enrichment. This can be done by nurturing a culture of entrepreneurship where they can find their own passions within the company and have opportunities to make a difference or address gaps they notice.

Whether they are implementing a new process or spearheading their own branch within the company, employees should feel welcome to connect with leadership to make it happen. Incorporating a mechanism for feedback and open line of communication into company operations is extremely important to overall success.

Creating ways for your employees to give feedback and providing ways for them to feel involved in the organization’s success will promote transparency and give people a sense of ownership. When you reach the tenure some people have at Smith, it’s not just about making a living—it’s about building a life.

Invest in your company’s most valuable asset—and reap the rewards.

By looking inward at your company to understand where to improve your employee experience and creating avenues for employees to become invested in the organization, it can lead you down a successful road: higher retention rates, happier employees and better business for your customers. This cannot be done half-heartedly—it must be baked into the culture of success.

source:


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    Increase Employee Retention

    4 Smart Ways to Increase Employee Retention Keeping your employees once you have them is a thorny problem in the staffing services industry. The difficulty..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2019/03/career-setback-236x168.jpg
    Mar 15, 2019
    Things Happen!

    Here's How To Recover From A Career Setback Whether you’ve botched an interview question, cancelled an important meeting last-minute or missed a typo in an..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2019/02/Workplace-Diversity-236x168.png
    Feb 15, 2019
    Workplace Diversity

    In an 8-Minute Animated Film, Pixar Just Captured Why Companies Still Struggle With Workplace Diversity Yes, it's a movie about a pink ball of yarn--but..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2019/01/executives-planning-business-strategy_1098-615-236x168.jpg
    Jan 25, 2019
    Effective Job Interview

    How to conduct an effective job interview As the employment market improves and candidates have more options, hiring the right person for the job has..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/12/focused-through-christmas-236x168.jpg
    Dec 14, 2018
    Stay Focused Through the…

    14 Ways to Stay Focused at Work Through the Holidays We’re in the midst of the holiday season, and as you try to juggle parties,..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/12/why-great-employees-leave-great-cultures-236x168.png
    Dec 7, 2018
    Great Employees Leave Great…

    Why Great Employees Leave “Great Cultures” “We have a great culture.” We have all heard it. We have all said it. But what does that..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/11/On-the-Job-Training-236x168.png
    Nov 30, 2018
    On-the-Job Training

    Young Workers No Longer Get the On-the-Job Training They Need -- So They're Finding It Elsewhere With companies training people less, the most valuable path..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/11/successful-new-hires-236x168.jpg
    Nov 23, 2018
    Help Your New Hires…

    3 Ways You Can Help Your New Hires to Succeed Filling a vacant position is expensive, and unless you do these three things, it's liable..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/11/A-Successful-Meeting-236x168.png
    Nov 15, 2018
    A Successful Meeting

    Three Ways To Prevent Someone From Stealing Your Spotlight In A Meeting We've all been there at one point or another. You're in a meeting,..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/11/When-should-managers-overlook-results-236x168.png
    Nov 2, 2018
    When should managers overlook…

    Why managers should overlook results in these situations By focusing on culture and people first, you can set your team up for success in the..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/10/Integrators-VS-Segmentors-236x168.jpg
    Oct 12, 2018
    Integrators VS Segmentors

    Are your employees integrators or segmentors? An organization has both integrators and segmentors. Being a segmentor is a tough ask. If you choose to be..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/10/Help-your-team-members-succeed-236x168.jpg
    Oct 5, 2018
    Help Your Team Members…

    Help Your Team Members Succeed (Especially When They're Tempted to Leave) Help that valued employee being lured by another opportunity think through what they are..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/09/Avoid-toxic-team-members-236x168.png
    Sep 28, 2018
    Avoid Toxic Team Members

    Are You Hiring a 'Team' Player -- or Someone Just Looking out for No. 1? How can leaders make sure they're not unwittingly inviting a..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/09/What-Motivates-You-to-Work-236x168.jpg
    Sep 21, 2018
    What Motivates You to…

    What Motivates You to Work? That paycheck will never be big enough if it's the only reason you're going to work. Each of us respond..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/08/Avoid-Summer-Slump-236x168.jpg
    Aug 10, 2018
    Avoid Summer Slump

    How To Improve Productivity For Yourself And Your Team This Summer July and August are historically bad months for productivity. It might be the warm..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/08/emotional-intelligence-236x168.jpg
    Aug 3, 2018
    Emotional Intelligence at Workplace

    How To Develop More Emotionally Intelligent Employees In the quest to develop leaders who will foster a culture of equity and inclusion in the workplace,..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/07/rewarding-employees-236x168.jpg
    Jul 20, 2018
    Rewarding Employees Wisely

    5 Ways to Reward Employees When Raises Aren't an Option Many workers are doing double duty these days because employers either can’t afford to hire..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/06/unproductive-day-236x168.jpg
    Jun 8, 2018
    Back On Track

    How to get back on track when you’re having an unproductive day A rocky start shouldn’t dictate your entire workday. Do these things to reverse..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/06/office-communication-236x168.jpg
    Jun 1, 2018
    Value of Office Communication

    Why Office Communication is Highly Valued and Often Ignored A huge number of employees don't trust their bosses, and it's not hard to figure out..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/05/Impacts-of-High-Turnover-236x168.jpg
    May 25, 2018
    Impacts of High Turnover

    The Negative Impacts of a High Turnover Rate High turnover rates can negatively affect a company and its employees in many ways. With the constant..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/05/Employee-Onboarding-Strategies-236x168.jpg
    May 11, 2018
    Employee Onboarding Strategies

    Seven New Onboarding Strategies You'll See This Year According to a study from Equifax, more than half of all employees who left their job in..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/04/inclusion-236x168.jpg
    Apr 5, 2018
    Inclusion in the Workplace

    Inclusion Doesn’t Mean Including Everything and Everyone Inclusiveness is not about thought policing. It’s also not about turning everyone into a liberal. It’s a normal..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/03/Team-work-1-236x168.jpg
    Mar 23, 2018
    Employees Feel and Act…

    7 Ways to Incent Employees to Feel and Act as Owners Building accountability into your business culture is a leadership process. It can't be driven..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/03/woman-Working-on-laptop-236x168.jpg
    Mar 16, 2018
    Don’t Shuffle People Into…

    Don't Shuffle People Into the Wrong Job Just Because They're Already on the Payroll You grow your company by putting proven performers where you need..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/02/Minimise-Workplace-Negativity-236x168.jpg
    Feb 26, 2018
    Minimise Workplace Negativity

    Tips for Minimizing Workplace Negativity To Deal with Negativity in the Workplace, Use These 9 Tips Nothing affects employee morale more insidiously than persistent workplace..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/02/the-future-workplace-236x168.png
    Feb 9, 2018
    The future Workspace

    Why a Coffee Shop Will Probably Be Your Workspace Within 10 Years As the gig economy grows, there are both social and scientific reasons why..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2018/01/new-employee-236x168.jpg
    Jan 19, 2018
    First Hour, Day, Week,…

    Do This In Your First Hour, Day, Week, And Month Of Your New Job Getting settled into your new job is the ultimate act of..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2017/12/employee-236x168.jpg
    Dec 29, 2017
    Grateful Workplaces and Engaged…

    Grateful Workplaces and Engaged Employees All leaders need to ask themselves why happy and engaged employees are worth their weight in gold. If you’re a..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2017/12/Employee-stress-during-Christmas-236x168.png
    Dec 15, 2017
    Employee stress during Christmas

    Managing employee stress during the festive period More than half of employees feel stressed in the weeks leading up to Christmas, with most calling for..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2017/11/business-men-meeting-236x168.png
    Nov 17, 2017
    Employee Appraisals

    Importance of Effective Employee Appraisals The performance appraisal may be one of the few times during the year where an employee and the reviewer, typically..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2017/11/happy-employees-at-workplace-236x168.png
    Nov 2, 2017
    The workplace is changing

    From Cubicle To Coffee Shop - How The Workplace As We Know It Is Changing In the past few years we have seen a major..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2017/10/smiling-businessteam-236x168.jpg
    Oct 13, 2017
    Working for small companies

    Why You Should Consider Working For A Small Company Eighty-four percent of small-business employees are happy in their current job, according to the 2017 Aflac..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2017/10/HRs-key-role-in-enlightened-office-design-236x168.jpg
    Oct 6, 2017
    HR’s key role in…

    HR's key role in enlightened office design HR magazine and Landid's roundtable on the workspace of tomorrow explored how HR can positively influence facilities management..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2017/09/Office-people-workplace-236x168.jpg
    Sep 22, 2017
    Workplaces still hamper productivity

    Workplaces still hamper productivity Noise, lack of privacy and space are some of the factors causing the greatest dissatisfaction among office workers Nearly half of..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2017/08/workplace-wellness-236x168.jpg
    Aug 25, 2017
    Top 10 Benefits Of…

    Top 10 Benefits Of A Workplace Wellness Program When Google opened up in the 90s it took a unique approach to employee satisfaction. In an..

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  • https://www.advancecareer.com.cy/wp-content/uploads/2017/05/agency-young-adult-profession-stressed-236x168.png
    May 2, 2017
    Employee Burnout

    What causes burnout and how it can affect both the employees and the organisation How HR Can Help Prevent Employee Burnout An engaged workforce. It's..

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