15Five
JANUARY 9, 2024
As we embark on a new year, people leaders are looking for guidance on how to budget and plan strategically, to meet both internal needs and market demands. While economic uncertainty has been the name of the game for the last few years, the impact has not been the same across the board. What has been consistent? The demand on HR teams to do more with less.
15Five
DECEMBER 22, 2023
Kreg Tool specializes in innovative woodworking tools. The Challenge After moving into a new facility they noticed a problem: their employees weren’t very engaged. This was causing issues like low performance and a high level of turnover – about 40-45% of employees were leaving the company each year. This was costly. Kreg, with a mix of manufacturing and office staff, calculates their turnover costs at approximately 30% of an employee’s salary to replace them.
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15Five
DECEMBER 15, 2023
Sometimes, even with a comprehensive and well-executed performance management process—and a dedicated manager’s best efforts—some employees will fail to meet expectations. But instead of giving up on an employee whose performance is lacking, consider implementing a performance improvement plan (PIP). When executed well and with compassion, a PIP can motivate a struggling employee to improve their performance and recommit themselves to their job and the organization.
15Five
DECEMBER 13, 2023
Performance review. There are perhaps no other words in the English language that create so much stress for employees. (Well, maybe “we need to talk” is up there, too.) But while performance reviews can be nerve-wracking, they help you bring out the best in your people—and there are ways to make them less stressful. One powerful strategy? Including self-evaluations in every performance review.
15Five
DECEMBER 4, 2023
Everyone remembers their favorite manager. Maybe it’s the person who took you under their wing when you were starting your career. Perhaps it’s someone who showed you tremendous compassion at a challenging time. Or do you think of a leader who helped you develop and grow in your own role as a manager? Whoever your most impactful manager is, they likely made you feel supported, assured, and happy with your responsibilities and yourself at work.
15Five
NOVEMBER 17, 2023
If you were one of the millions of people who obsessively tuned into the HBO series “Succession,” then you’ve seen how a poorly executed succession plan can throw an organization into chaos. But while succession planning isn’t nearly as dramatic in real life as it is on TV, it is still an important business practice. Effective succession planning can help mitigate business risks and limit the disruptions that occur when critical talent is lost.
15Five
NOVEMBER 17, 2023
People leaders who learn to embrace AI and leverage its power for good can make a real impact for their organizations and the people they represent. New AI technologies promise to take administrative work off your plate and give you more time to focus on what matters most—your people and their performance, engagement, and retention. That said, people are genuinely concerned that AI may steal their jobs or introduce new forms of bias into the workplace.
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