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Posts about Leadership (3):

What Businesses Need to Do to Prepare for a Recession

Recession Graph

Businesses that are not preparing for the possibility of a recession within the next year are gambling because experts put the odds of an economic downturn as a true coinflip.

“The median probability of a recession over the next 12 months is 47.5 percent, up from 30 percent in June, according to a Bloomberg survey of economists completed last week,” reported CNBC on July 20, 2022.

In March, those odds were just 20 percent. The latest survey was conducted July 8-14, with 34 economists responding about the chances of recession.

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How Business Leaders Handle Employee Compensation in Inflationary Times

Depressed businessman sitting under question marks

Small business owners can be forgiven if they hear the echoes of carnival barkers during these inflationary times:

“Around and around, it goes, where it stops, nobody knows!”

Unlike a “Wheel of Fortune”, however, the current economic climate is more like a “Wheel of Mis-Fortune” for small businesses as rising costs across the board have them in a vice grip with higher prices for goods, raw materials, rent and transportation on one side and escalating salary and benefit demands by employees on the other.

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Keep Calm and Carry On: Organizational Stability in an Uncertain World

Business plan image with collage hand drawings

Businesses in 2022 could use a good dose of the “Keep Calm and Carry On” spirit and leadership which led the British people through the darkest days of World War II.

While the world is not at war, per se, there are enough global challenges – COVID-19 pandemic, rampant inflation, supply chain woes, and Russia’s invasion of Ukraine – to test even the steeliest company’s resolve.

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Workplace Guidelines: Handling Employee Grievances

Unhappy employee giving two thumbs down

It is unrealistic to expect that your employees will never have any complaints about their jobs or workplace conditions.

It is realistic, however, for your company to have policies and procedures in place to handle employee grievances in a timely and professional manner, which can go a long way to bolstering your employee retention and workplace culture.

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We Need to Have a Chat: Importance of Constructive Feedback

two men sitting at a desk talking about business

If you have spent any time in a workplace you probably have experienced various levels of feedback from your employer.

Those sit-downs, both formally in scheduled performance reviews and informally when the boss asks you to step into their office, come in all varieties.

Sometimes the feedback can come off as superfluous with an uncaring supervisor quickly checking generic boxes that provide no real insight or help to sharpen your role with the company.

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Business Owners Challenge: Embracing Change in the Face of Uncertainty

Businessman finding the solution of a maze

Has there ever been a harder time for business owners to make decisions than right now?

That can certainly be the perception from Wall Street to Main Street with a confluence of factors leading to decision paralysis including:

“2022 is shaping up to be one of the hardest years ever to run a company – even harder than 2020, when the pandemic first hit, corporate leaders and analysts tell us,” wrote Emily Peck and Erica Pandey, this month, in Axios.

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Establishing Business Goals for 2022

Businessman hand working with new modern computer and business strategy as concept

For most businesses the past two years have been quite the rollercoaster ride with the pandemic, inflation, tight labor market, and supply chain issues all making day-to-day operations challenging.

For 2022 it is important for businesses to have a plan in place to succeed in an environment where the unexpected is expected.

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America Behaves Badly: Civility Lacking as We Return From the Pandemic

Employer Flexible Civility Lacking as we Return from the Pandemic Business Man Frowning Two Thumbs Down

For more than a year the COVID-19 pandemic seemed to break all the old rules from government and public responses to medical treatment and vaccinations.

Now that vaccination rates are rising -- 56 percent of the U.S. with at least one dose and 48 percent fully vaccinated -- American’s are returning to public spaces, but it seems some have forgotten the “Golden Rule”.

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