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New Ways to Minimize Financial Concerns that Erode Employee Performance

Strategy Driven

Roughly half report that the two aspects of employee performance most negatively affected by personal finances are stress and the ability to focus on work (50% and 47%, respectively). Overall productivity, absenteeism and tardiness, and employee engagement are also affected, according to participants. About the Author. About SoFi.

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Effective Handling of Employee Personal Problems is Critical to Maintaining Workforce Efficiency

Strategy Driven

It is also a function of managers to ensure that employees are happy and motivated so that they contribute positively on a long term basis to the organization. Accommodate Short-Term Needs: You may need to be flexible in order to make temporary accommodations to help the employee through a time of need.

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To Reform Capitalism, CEOs Should Champion Structural Reforms

Harvard Business Review

Its weaknesses, like short-termism, speculative trading, absentee ownership, profit- and shareholder-centric orientation, inability to account for non-monetary value, exploitation of labor, and extractive use of natural resources are creating too many disruptions across the globe for the model to survive.

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