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Want a Successful Business? Prioritize Your People

Looking to turn a profit this quarter? Hoping to up those revenues in the fiscal year ahead? Then we’ve got a hot tip for you. Throw out the balance sheet.

Do we have your attention yet? Good. Because we’re not actually asking you to forget about your cash flow. You’re running a business, after all.

What we are asking you to do is shuffle your priorities a bit. Because if you want your company to survive and thrive when the competition for talent is more intense than it has ever been, and when the Great Resignation seems only to be draining an already dwindling talent pool, the old transactional model of employee management simply isn’t going to cut it.

Basically, if you’re relying on “reasonable” compensation and a standard benefits package to earn your employees’ loyalty and to galvanize their performance, then you may well be in for a rude awakening.