As a general rule, it always pays for organizations to get ahead of certain issues and be connected, empathetic, and transparent when communicating with employees about them. To maintain strong employee relationships and avoid getting caught off guard, companies should consider preparing a communication plan to address inflation. When a company lets its employees know that it’s aware of and sympathetic to their struggles, employees are more likely to feel heard and valued—and less likely to take any drastic, stress-induced actions. There are several ways that organizations can demonstrate their care and support for their employees.
Taking a close look at executives across various industries, geographies, and company sizes provides insights into the commonalities and differences in style and approach that work best in different settings. The best leaders know their own strengths-and their own weaknesses. Their self-awareness isn't the only significant determinant of leadership success, though. The ability to be "patiently intense" is another correlative success factor. Patience and intensity might seem like opposites, but the two competencies actually create balance that leads to leadership success.
As the business world tries to define its post-COVID landscape, the media is full of news stories about the CEOs who want their employees to return to the office after working from home for two years. Many of these stories seem to paint these CEOs as cruel "monsters" for enacting back-to-the-office policies. But this interpretation is a mistake.
Business leaders have learned many lessons during this never-ending pandemic. They have learned that although colleagues miss each other, employees can work from anywhere. They have upgraded their technology skills to be able to connect with others more productively. They have recognized the importance of having teammates check in with each other to make sure everyone is mentally and physically healthy. They have even embraced learning about everyone’s crazy pets. But perhaps the greatest lesson they have learned is the great need for flexibility in their workplaces.
Competitive compensation goes beyond just a paycheck. Because many key hires are swayed not by a salary alone but also by other forms of compensation, equity compensation is an excellent option for companies (especially small and midsize businesses, as well as startups) looking to attract and retain top talent.