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5 Top Factors Employees Value In 2023

Roslyn Rice • Jul 05, 2023

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employee retention
In 2023 the dynamics of the workplace are rapidly changing. Employees today seek more than just a steady paycheck; they want an engaging work environment that aligns with their values and aspirations. With access to numerous platforms that provide insights into company culture and employee experiences, professionals have become more discerning in their choices of employers. 

Employees are the oxygen of a business. They will help a company create sustainable growth. An employee is a business owner's competitive advantage. There was a recent Glassdoor article discussing what employees are valuing. It can be hard for an employer to know what is in the mind of employees. This blog post will provide solutions based on this reporting.

Work-Life Balance: A Non-Negotiable Priority
In recent years, work-life balance has become an increasingly vital aspect of the modern workplace. Employees are prioritizing their overall well-being, seeking opportunities that foster a healthy integration of work and personal life. Organizations that understand the importance of this balance are implementing flexible work arrangements, offering remote work options, and promoting initiatives that encourage mental health and self-care. 

In 2023, employees are gravitating towards companies that value and actively support work-life balance. At DPI we recommend that business owners model behaviors internally that show you understand this priority. For instance, schedule emails to send during office hours vs after work. 

Authentic Company Culture: Pride In Work
Gone are the days when a superficial company culture statement sufficed to attract top talent. Today, employees seek an authentic culture that aligns with their personal values. Employees want to have pride in their workplace. When this happens they organically become brand ambassadors for an organization.

Employees want an inclusive and diverse environment, where their contributions are valued and respected. They want the ability to respectfully speak up without their voice being dismissed. Companies that prioritize diversity and inclusion initiatives, foster open communication, and actively listen to employee feedback are gaining a competitive advantage in attracting and retaining talented individuals in 2023.

Benefits and Wellness: Includes Fair Pay
While non-monetary factors play a significant role in employee satisfaction, competitive compensation and benefits remain crucial considerations in 2023. Employees seek fair and transparent compensation structures that align with industry standards. Additionally, comprehensive benefits packages, including healthcare, retirement plans, and flexible spending accounts, are expected by professionals who value their overall financial well-being.

Wellness programs let an employee know that you care about them as a whole individual. Consider adopting flexible work arrangements, wellness challenges to keep teams motivated, wellness programs (ex: stress management, nutrition & fitness) or mental health support. I remember working for a company that provided 16 hours annually for volunteering in my community. There are many ways to promote wellness in your company. Communicate how you are investing in your team on a consistent basis. Evaluate what is working and not working. If you are providing a benefit that no one is using, consider a new approach.

Authentic Communication
As stated, money is not the only motivator for everyone (please note: there are still people motivated by money). Employees want employers to have honest communication with them. Provide relevant updates about the general financial health of the business. Follow through on your promises to employees. Admit when you make a mistake. Provide coaching and feedback in the moment vs waiting until performance review time to bring up past discretions. 

Employers should also be careful of those that are "knowledge hoarders". This can be a real threat to any business. These employees can harbor technical information that they won't provide to others. Foster a culture of cross training. 

When an employee hoards information, this can lead to manipulation especially if they are resistant to share. Find a way to document what someone knows. This will help you not be blind sighted if they decide to leave the company. Consult an attorney to see how you can legally protect the intellectual property created by employees while working.

Opportunities For Growth
Employees now consider career progression and professional development as essential aspects of job satisfaction. In 2023, individuals are eager to work for companies that invest in their growth and provide ample opportunities for upskilling and advancement. Organizations that offer mentorship programs, encourage internal mobility, and provide clear career paths are highly sought after by employees who seek to enhance their skills and expertise. DPI has numerous leadership development trainings available. 

Visit DPI’s website to schedule a complimentary discovery call. DPI is committed to supporting our customers achieve long-term business sustainability. DPI can recommend other solutions in retaining employees.
By Roslyn Rice 18 Apr, 2024
"Why do I keep losing employees? I am frustrated that I've spent time and money training them and then they decide to leave." Have you ever felt this way? In the fast-paced world of business, the heartbeat of success often lies within the skillful hands of a well-led team. Whether they're on the frontline engaging customers or navigating mid-level management responsibilities, the effectiveness of these teams can make or break a company's trajectory. As trusted advisors, DPILLC has witnessed firsthand the transformative power of effective leadership and the critical importance of upskilling in retaining top employees. Upskilling is the process of learning new skills or enhancing existing ones to keep pace with the changes in technology, industry trends and job requirements. It involves acquiring knowledge that enables individuals to perform their current roles more effectively. It also prepares them for future roles within the organization. DPILLC has the ability to effectively train your employees. Leadership , in its essence, is not merely about delegating tasks or making decisions. It's about inspiring , empowering , and guiding individuals towards a collective vision. For front-line sales teams, leadership sets the tone for customer interactions, shapes the team culture, and ultimately drives performance. Similarly, for mid-level managers, leadership is about fostering collaboration, driving strategy execution, and nurturing future leaders within the organization. Below are benefits of upskilling: 1. Adaptability in a Dynamic Landscape : The business landscape is constantly evolving, with new technologies, market trends, and consumer behaviors reshaping the game. Effective leaders recognize the need for continuous learning and development to stay ahead of the curve. By providing skills training, whether in sales techniques, market analysis, or leadership principles, companies equip their teams to adapt and thrive amidst change. 2. Empowerment and Engagement : Employees crave opportunities for growth and development. According to recent research, a staggering percentage of employees view upskilling as essential for their career progression and job satisfaction. When leaders invest in training and development programs , they send a powerful message of support and investment in their team members' success. This not only boosts morale but also fosters a sense of loyalty and commitment to the organization. 3. Retain Top Talent : In today's competitive job market, retaining top talent is a constant challenge. Employees are more likely to stay with companies that invest in their professional growth and offer opportunities for advancement. By prioritizing skills training , leaders demonstrate their commitment to employee development, making it less likely for valuable team members to seek opportunities elsewhere. Now, let's delve into some key leadership topics: 1. Effective Communication : Communication lies at the heart of successful sales interactions and team collaboration. Leaders should focus on honing communication skills , including active listening, clarity of message, and the ability to provide constructive feedback. 2. Strategic Thinking : Sales teams must move beyond transactional approaches to embrace strategic thinking . Leaders can cultivate this mindset by encouraging team members to analyze market trends, identify opportunities, empathetically listen and tailor their approach to meet evolving customer needs. 3. Coaching and Mentorship : A culture of continuous learning thrives on effective coaching and mentorship. Leaders should invest time in providing personalized guidance, sharing insights, and fostering a culture of knowledge-sharing within the team. Effective leadership and upskilling go hand in hand in empowering sales teams and driving organizational success. By prioritizing skills training and focusing on key leadership principles, businesses can retain top talent and also create a healthy culture of innovation, adaptability, and excellence. Are you ready to elevate your team ? Schedule with DPILLC .
How to get your business ready to scale and grow.
By Roslyn Rice 22 Mar, 2024
The Power of Process Improvement in Business Growth In the whirlwind of running a business, it's easy to get caught up in the day-to-day tasks without taking a step back to evaluate how efficiently those tasks are being performed. Yet, the truth is, optimizing your operations and improving processes can be the key to unlocking remarkable success as you grow and scale your business. It is time to create a self sustaining system in your enterprise. DPI recently interviewed Maria Duarte, owner of Stellar Group Solutions. You can watch the full replay HERE . STREAMLINING FUNCTIONS FOR SUCCESS Think of your business operations as a well-oiled machine. Each part needs to work seamlessly with the others to keep the machine running smoothly. However, if one gear is rusty or misaligned, it can slow down the entire process. This can cause a negative impact on the customer service experience and eventually impact profits. That's where process improvement comes in. By analyzing and refining your processes, you can identify inefficiencies and bottlenecks that may be hindering your productivity. Whether it's redundant tasks, manual data entry, or outdated procedures, streamlining your functions can lead to significant time and cost savings. SAVING TIME AND MONEY WITH AUTOMATION Technology has revolutionized the way businesses operate and automation is at the forefront of this revolution. Automating repetitive tasks (ex: taking payments or online scheduling) not only frees up valuable time for you and your team but also reduces the risk of human error. Imagine if you could automatically generate invoices, take payments, schedule meetings, manage inventory levels, or respond to customer inquiries without manual intervention. By leveraging the power of automation, you can increase efficiency, accuracy, and ultimately, profitability. BREAKING DOWN INFORMATION BARRIERS One often overlooked aspect of process improvement is the importance of documenting repeatable tasks . In many businesses, valuable knowledge resides solely in the minds of employees or the business owner, leading to information hoarding and dependency on individual expertise . If you've ever said, " I've got the process all in my head " it might be time to document what you know. By documenting your processes , you create a repository of knowledge that can be accessed by anyone in your organization. This not only fosters collaboration and transparency but also mitigates the risk of knowledge loss due to employee turnover. EMBRACING THE JOURNEY OF GROWTH In the fast-paced world of business, continuous improvement is not just a mantra; it's a necessity. By embracing process improvement, you lay the foundation for sustainable growth and success. It's about working smarter, not harder , and ensuring that every aspect of your business is optimized for efficiency. Before you embark on the journey of growth and scale, take the time to evaluate your operations, identify areas for improvement, and implement strategies to streamline your processes. The rewards of a more efficient and effective business are well worth the investment. Remember, the path to success is not always easy, but with the right mindset and approach to process improvement, you can navigate the challenges and emerge stronger than ever. DPI is here to assist you in improving daily operations and gearing the company for sustainable business growth. In 2024, DPI added a new service to our suite of solutions - Operations Management . Visit DPI's website to schedule a complimentary consultation. In this video we discuss how operations can spark a surge in profits.
By Roslyn Rice 11 Mar, 2024
Leading with ADHD: Embracing Neurodiversity in Leadership In the realm of leadership, diversity isn't just about ethnicity or gender. It extends to how our brains are wired, a concept known as neurodiversity . This recognizes that people have different neurological traits and abilities, which contribute to diverse perspectives and strengths in the workplace. All people are a part of the neurodiverse community. We are either neurotypical or neurodivergent . For the purposes of this blog we will focus on ADHD, or Attention Deficit Hyperactivity Disorder , which is one aspect of neurodivergent community. ADHD is characterized by difficulties with attention, hyperactivity, and impulsivity. Neurodivergent is the term that covers how our brain processes, learns and behaves differently from what is considered "typical". Here are a few common examples of how some brains work differently than others and neurodivergence manifests - Autism, Asperger, Anxiety, Dyslexia, Down syndrome, PTSD (Post Traumatic Stress Disorder), Epilepsy and Depression. Please note: Some people will have two or more diagnoses and choose not to disclose to their employer. DPI LLC recently hosted a question and answer meeting with Julia Mullins . Julia is a career leadership development professional and certified executive coach. You can learn more about her certifications . She has an entire program entitled, " Lead With ADHD ". She is passionate about helping leaders succeed.The full replay of the conversation with DPILLC and Julia Mullins is HERE . For leaders and employees with ADHD, navigating their roles effectively involves understanding and embracing their unique cognitive style. Here are some strategies: 1. Leverage Hyperfocus : While ADHD can make it challenging to maintain focus, individuals with ADHD often experience periods of intense concentration on tasks they find stimulating or rewarding. Leaders can capitalize on this hyperfocus by identifying tasks that align with their interests and strengths, allocating dedicated time for deep work, and minimizing distractions during these periods. Also, communicating to the employee how the task fits into the larger picture of the organization. 2. Utilize Tools and Technology : Technology offers numerous tools to help individuals with ADHD manage their time, tasks, and priorities. During DPI's time with Julia she showcased some of those tools. You can watch the full replay HERE . From digital calendars and task management apps to noise-canceling headphones and focus-enhancing tools, leveraging these resources can enhance productivity and organization. 3. Delegate and Collaborate : Recognizing areas of weakness and delegating tasks accordingly is key for leaders with ADHD. Surrounding themselves with a supportive team and leveraging the strengths of others can compensate for any challenges they may face in certain areas. Collaboration fosters a culture of inclusivity and innovation while maximizing the collective potential of the team. 4. Practice Self-Awareness and Self-Care : Leaders with ADHD benefit from cultivating self-awareness regarding their strengths, limitations, and triggers. An executive coach like Julia Mullins can assist with this. Implementing self-care practices such as exercise, mindfulness, and adequate rest can help manage stress and enhance focus and overall well-being. These recommendations work for all leaders. As you juggle competing priorities and demanding schedules, self care is vital to mental well being. 5. Continuous Learning and Adaptation : Embracing a growth mindset is essential for leaders and employees with ADHD. By continuously seeking feedback, learning from setbacks, and adapting strategies as needed, they can enhance their effectiveness and resilience in leadership roles. Leading with ADHD offers unique strengths and perspectives . By embracing neurodiversity, leveraging strengths, and implementing tailored strategies, leaders with ADHD can thrive and make valuable contributions to their teams and organizations. If you need any assistance in leadership development, DPILLC is a phone call away ( 954-372-6514 ). You can book a complimentary consultation on DPI's website .
By Roslyn Rice 16 Feb, 2024
Delivering a successful performance review is not merely an obligation but an opportunity to inspire, guide, and propel your team towards greater heights. In this blog, we will share five valuable tips for managers to ensure a seamless and impactful performance review process—from meticulous preparation to fostering open communication during the meeting. If you missed our previous blog post about, Mastering The Art of Performance Reviews , you can read it HERE . If you want to learn about, Common Performance Review Errors To Avoid , we also have that information available. 1. Thorough Preparation: Setting the Stage for Success Review Performance Metrics : Begin by meticulously reviewing the employee's performance metrics, achievements, and areas for improvement. A data-driven approach provides clarity and objectivity. Ask the employee to fill out a self evaluation form. This will help you facilitate open dialogue and communication. Gather Feedback : Solicit input from peers, cross functional partners, and other relevant stakeholders. Multiple perspectives offer a comprehensive view of the employee's contributions and help identify blind spots. Set Clear Goals : Clearly define the goals for the upcoming year or review period. Establishing expectations provides a roadmap for both the manager and the employee, aligning individual efforts with organizational objectives. 2. Establish a Positive and Open Atmosphere: Building Rapport Choose the Right Setting : Select a neutral and comfortable environment for the review meeting. The room should be quiet and private. Select a room that promotes open dialogue and minimizes distractions. DPI LLC recommends sitting next to the employee versus across the table to stimulate deeper conversations. Eliminate all possible distractions (ex: cell phones & emails). This is an important meeting that commands your full attention. Begin with Positives : Start the meeting on a positive note by acknowledging the employee's achievements. This sets the tone for a constructive conversation and helps the individual feel valued. Be clear and concise. Share specific examples of from their performance. Encourage Self-Reflection : Allow the employee to share their perspective on their performance. Encouraging self-reflection promotes ownership and opens the door for collaborative goal-setting. 3. Effective Communication: The Heart of the Review Be Specific and Constructive : Provide specific examples of both strengths and areas for improvement. Constructive feedback should be actionable, with a focus on growth and development. Active Listening : Actively listen to the employee's responses and reactions. This not only demonstrates respect but also allows for a greater understanding of their perspective. Choose your words carefully. Using general or negative terms, "your performance was sloppy" can leave the employee frustrated and demotivated. Focus the conversation on the performance and not the employee personality. Ask Probing Questions : Pose thoughtful questions to encourage the employee to delve deeper into their achievements and challenges. This fosters a two-way dialogue and demonstrates a commitment to their professional growth. 4. Collaborative Goal-Setting: Chart the Path Forward Identify Development Opportunities : Work collaboratively to identify opportunities for skill development and career growth. Tailor goals to align with the employee's aspirations and the organization's needs. Establish a Timeline : Set a timeline for achieving goals and milestones. A well-defined timeline creates accountability and ensures that progress is regularly reviewed and adjusted as needed. Document Agreed-Upon Goals : Document the agreed-upon goals and action items. Give the employee an opportunity to choose goals that tie into the global goals of the organization. This written record serves as a reference point for both the manager and the employee, fostering accountability and clarity . 5. Follow-Up and Support: Sustaining Growth Beyond the Review Schedule Regular Check-Ins : Plan follow-up meetings to track progress and address any challenges. Regular check-ins demonstrate ongoing support and reinforce the importance of continuous improvement. DPI LLC recommends bi-weekly or monthly touchpoint with employees. This provides consistent feedback on wins and opportunities in their performance. Provide Resources : Offer resources and support to help the employee achieve their goals. This may include leadership development training programs, mentorship opportunities, stretch assignments or access to relevant other resources. Acknowledge Achievements : Celebrate successes along the way . Positive reinforcement reinforces a culture of achievement and motivates the employee to consistently excel in their role. Delivering a successful performance review is a multifaceted process that requires careful preparation, effective communication, and a commitment to fostering professional growth. By following these five tips, managers can transform the performance review process into a catalyst for inspiration, collaboration, and sustained excellence. DPI LLC is here to assist you in developing your employee lifecycle. Schedule a discovery consultation today. In the next blog we will cover common performance review errors.
Performance Review Common Errors
By Roslyn Rice 24 Jan, 2024
Three top errors made on performance reviews
By Roslyn Rice 02 Jan, 2024
In the dynamic landscape of business, effective performance reviews are the catalyst for organizational growth. This resource will guide you through the process of planning, conducting, and writing performance reviews that drive excellence. It is time to transform performance reviews from mere evaluations to powerful tools for employee development and business success. Embrace this time of the year. Employees are the competitive advantage and oxygen of the business. 1. Strategic Planning: Setting the Stage for Success Align with Company Goals : Start by aligning performance goals with the broader objectives of the company. This ensures that individual efforts contribute directly to the organization's success. Define Clear Objectives : Clearly articulate the expectations and objectives for each role, providing a roadmap for employees to understand their responsibilities and how they fit into the larger picture. Establish Metrics for Success : Identify key performance indicators (KPIs) that objectively measure success in each role. This creates a measurable framework for performance evaluation. For example, sales per quarter will increase by 5 percent or sign up 6 new customers per month . 2. Conducting a Constructive Performance Review: The Art of Feedback Regular Check-ins : Establish a culture of continuous feedback with regular check-ins throughout the year. This promotes open communication and allows for adjustments in real-time. The employee should drive these conversations. Highlight Achievements : Acknowledge and celebrate accomplishments. Each employee has a different way they want to be celebrated. Remember, not all employees want public recognition. Positive reinforcement boosts morale and motivates employees to excel in their roles. Address Areas for Improvement : Tactfully and respectfully address areas that need improvement, providing specific examples and actionable suggestions . Foster a growth mindset by framing constructive feedback as opportunities for development. Make sure to properly document critical incidents and significant behaviors ( DPI LLC can assist with this). 3. Crafting an Impactful Performance Review: The Written Word Be Specific and Concrete : In the written review, be specific about achievements and challenges. Concrete examples provide a clear picture of an employee's performance. Use the "SBI" Model : Situation, Behavior, Impact. Structure feedback using this model to convey the situation, describe the behavior, and articulate the impact on the team or company. Set Clear Goals for the Future : End the review with actionable goals for improvement and growth. This sets the tone for ongoing development and ensures employees leave with a clear direction. In the realm of business, mastering the art of performance reviews is not just a necessity but a strategic imperative . By strategically planning, conducting constructive reviews, and crafting impactful written assessments, you not only enhance individual performance but also propel your entire organization towards excellence. Remember, a well-executed performance review is not just an evaluation; it's a catalyst for growth and success. DPI LLC is here to assist you in developing your employee lifecycle. Schedule a discovery consultation today. In the next blog we will cover common performance review errors.
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By Roslyn Rice 12 Dec, 2023
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Running a business is no walk in the park. Small business owners often face many challenges as they strive to grow and succeed. Whether you are a seasoned entrepreneur looking to scale up or a solopreneur just starting out, there's no denying that the demands of running a business can be overwhelming. Fortunately, artificial intelligence (AI) has emerged as a powerful tool in the world of business, offering innovative solutions to address common pain points and boost productivity. Below is how AI can help you tackle some of the most pressing issues faced by business owners, such as finding clients, increasing sales revenue, optimizing product offerings, streamlining recruitment, and managing time-consuming tasks like social media and content creation. Finding Clients and Increasing Sales Revenue : AI-powered customer relationship management (CRM) systems can help you identify and target potential clients more effectively. These systems analyze customer data to provide insights into their preferences and behavior. With this information, you can tailor your marketing efforts, boost customer engagement, and ultimately increase sales. The better you segment out your target audiences and understand their behaviors the easier it is to communicate with them. For example, a coffee shop located on a college campus provides free WIFI and late hours due to the behaviors of the surrounding community of students. Optimize Product Sales: If you're concerned that your product isn't selling as expected, AI can provide data-driven insights. Machine learning algorithms can analyze sales data, customer reviews, and market trends to help you refine your product offerings, adjust pricing strategies, or explore new markets. It can also show the trends of why consumers are abandoning their shopping carts if they are shopping online. Recruitment Efficiency : Finding the right employees can be a time-consuming process, but AI can streamline it. AI-driven applicant tracking systems (ATS) can sift through resumes, identify qualified candidates, and even conduct initial screenings. This frees up your time to focus on interviewing the most promising candidates. Social Media and Content Creation : Managing your social media presence and creating content is essential for business growth, but it can be time-consuming. AI-powered tools can automate social media scheduling, analyze engagement data (ex: reach, views, etc.) to optimize posting times, and even generate content ideas or assist in content creation, making your online presence more efficient, consistent and effective. Time Management : As a business owner, time is your most valuable and limited resource. AI-driven time management tools can help you prioritize tasks, create efficient schedules, and automate routine processes, allowing you to allocate your time more strategically and focus on critical sales driving activities. AI has the potential to transform the way you run your business, addressing common pain points and boosting your productivity. By leveraging AI tools, you can find clients more efficiently, optimize your product offerings, streamline recruitment, and save time on tasks like social media and content creation. Embracing AI doesn't mean sacrificing your expertise; rather, it empowers you to make more informed decisions and allocate your time and resources more effectively. In an increasingly competitive business landscape, AI can be the game-changer that propels your business to new heights. So, don't let fear hold you back; explore how AI can work for you and your business today. As with any new technology proceed with caution. Book a consulting session today with DPI LLC to talk through more time saving strategies.
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