Do companies experience stages of business grief? No college psychology class would be complete without a discussion of the 5 stages of grief outlined by Elisabeth Kubler-Ross in her 1969 book On Death and Dying. The Stages of Business Grief For those of you who skipped (or slept through) the lecture, the 5 stages are:
In her 1969 book On Death and Dying, Elisabeth Kubler-Ross outlines the five stages of grief individuals experience when faced with catastrophic personal loss. The five stages are as follows: Denial Anger Bargaining Depression Acceptance The 5 Stages of Business Grief In one form or another, businesses too experience these five stages when faced with
Working with clients over the years, it seems as though we’ve seen every employment trend come then go. Then they come back around again. When the economy is bad, talented employees will stay in a less-than-desirable situation. Conversely, companies begin to tighten their belts and reduce headcount. When the economy improves, these folks start looking for greener pastures and the
In the United States, we live in a melting pot of diversity. Since diversity is present in American society, you would probably expect it to be prevalent in most workplaces. Unfortunately, as a society we often look at diversity as a disadvantage instead of an opportunity to help us succeed. Interpersonal conflict caused by diversity
See Also: Emotional Intelligence in the Workplace Co-employment in a PEO Arrangement What is Workplace Diversity? Diversity in the Workplace is a reality in most businesses and organizations. If organizations strive to improve their competitive advantage in the market, then they must learn how to successfully manage a diverse workforce. Diversity Management In a workplace,
Single Member LLC Definition Single Member Limited Liability Companies are LLC’s wholly owned by one member. The Internal Revenue Service (IRS) treats these companies as “a disregarded entity” in tax terms. The entity is disregarded as separate from the member for income tax purposes. In other words, the business’s income flows through to the owner’s
Have you had to make an important decision and you kept weighing the alternatives, trying to decide which choice was more worthwhile? We all make important life decisions every day. We tend to focus on the benefit of our first choice and not the benefits of the next best choice. An opportunity cost is the
Is employee turnover a problem in all companies? All companies lose employees. It’s healthy for an organization to have a measurable turnover. Sometimes people don’t fit into a company’s culture. But other times, employees have emergencies or life changing experiences that separate them from the company. However, it is not to say that a 0%
See Also: Is Employee Turnover a Problem? Cost of Turnover Demand for Talented People: Addressing Employee Turnover Protect Yourself: A Guide to Non-Compete Agreements Strategy for Managing Cash Hiring Process is Getting Longer Outsource Definition PEO or Outsource Payroll Employee Turnover Definition Employee turnover, or staff turnover, is a measurement of how many employees are
What is the timing of hiring interns for the summer? How soon should a company start looking for summer intern help? Timing of Hiring Interns Just yesterday, I received a call from a business associate who was making introductions for his daughter for an internship this summer. All he was doing was opening doors. He
Onboarding new employees is expensive and time-consuming for employers. In order for you to maximize the value of your onboarding process, following are three critical roles in onboarding new employees: 3 Critical Roles in Onboarding New Employees Role of the Teacher Onboarding new employees involves teaching them about the company culture and ethics as well as developing their
Effective leaders must not only have a vision that inspires others, but must be able to execute this vision successfully to ensure that it becomes a reality. But, how do you ensure successful execution in today’s rapidly changing and dynamic business world? Through focused and intentional leadership development. Leadership Action Plan Consider the following leadership
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