employee recognition Tag

What is Servant Leadership and How to Cultivate It?

There are “officially” 12 leadership styles that have been identified and described in detail, ranging from autocratic to transformational, charismatic, and beyond. One concept in leadership that is getting a lot of ‘press’ lately is servant leadership. Though this leadership theory was formed by Robert Greenleaf back in the 1970s, today it still has not lost its relevance. What is Servant Leadership? A definition of servant leadership is more than just a few words. It begins with a personal philosophy that a leader...

8 Employee Retention and Recognition Ideas for SMEs

Employee retention may seem costly for a lot of SMEs. But did you know that employee turnover costs your business even more? A recent study conducted by the Center for American Progress estimated that: [edgtf_unordered_list style="circle" animate="no" font_weight=""] It costs 16% of the annual salary to replace an employee at a high-turnover, low-paying (under $30,000 per year) job. Replacing a $10/hour sales assistant, for instance, will cost your business around $3,300. Replacing someone on a midrange position (earning $30,000 to $50,000 a...