article thumbnail

What is drama costing your organization?

Lead Change Blog

Listen in as Next Element Co-Founder and CEO, Nate Regier discusses how drama costs the US workforce over $350 billion per year in lost productivity, absenteeism, passive-aggressive behavior, and wasted energy. The post What is drama costing your organization?

Cost 311
article thumbnail

Saving Money on Transport Costs with Packing Optimization

Strategy Driven

The global cost of living crisis. With transport costs ever-high, many company owners and managers seek ways to lower the burden, keeping their employees employed and their businesses healthy. The pandemic. Soaring fuel prices. Economic turndown.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Hidden Cost of Retaining a Bad Hire

Let's Grow Leaders

The post The Hidden Cost of Retaining a Bad Hire appeared first on Let's Grow Leaders. Avoid This Huge Mistake with a Bad Hire. As a human-centered leader, you might just be tempted to hold onto an obviously bad hire too long. And, holding onto a bad hire (after you’ve done all you can) is one of the biggest leadership mistakes you can make. We see so many managers hold on to false hope, increasing the agony for everyone. The Bad Hire Question I’ve Asked Hundreds of Times.

Cost 367
article thumbnail

Understanding Opportunity Cost

thoughtLEADERS, LLC

Understanding the concept of opportunity cost will help you prioritize your team’s most important tasks. When you look at activities in terms of their time cost, it becomes easier to say no to distractions.

Cost 87
article thumbnail

The HR Playbook: How to Decrease Costs & Increase Engagement

Learn how to reduce costs while simultaneously increasing employee morale.

article thumbnail

Cost-Saving Strategies Every Business Should Implement To Cut Down On Outgoings

Strategy Driven

In a competitive market, it is essential to ensure you are keeping costs down in order to remain competitive and maximise profits. There are a variety of cost-saving strategies businesses can implement in order to reduce their outgoings and increase their bottom line.

Cost 107
article thumbnail

The True Cost of Bad Managers

Kevin Eikenberry

Have you ever stopped to think what the cost of bad managers is to an organization? The Costs Studies have found the cost of bad managers in the US […]. The post The True Cost of Bad Managers appeared first on Kevin Eikenberry on Leadership & Learning.

Cost 186
article thumbnail

The Hidden Cost of Meetings

HR Digest

There’s a hidden cost of meetings that no one seems to know. . The costs of meetings are numerous and having a good idea of them will be an important way to tackle them. . Cost of Meetings . Here is a proper breakdown of each: Low Productivity Costs.

Cost 68
article thumbnail

Effective Ways To Lower Your Shipping Costs Substantially

Strategy Driven

Fortunately, there are a few straightforward and practical ways to lower your shipping costs effectively. And because lower shipping costs will benefit both your business and your customer base, there’s no reason not to consider these simplistic suggestions.

Cost 114
article thumbnail

The Cost of Unclear Expectations

Nathan Magnuson

When an entire team is involved, the level of effort, time and cost adds up quickly. This is where the cost really multiplies. And this doesn’t factor in the cost of morale lost in the process! The post The Cost of Unclear Expectations appeared first on Nathan Magnuson. I’m told that one quote preachers try to live by is, “If it’s foggy in the pulpit, it’s cloudy in the pew.”

Cost 161
article thumbnail

The Costs Of Running A Trade Business

Strategy Driven

However, there are still costs that need to be budgeted for if you’re going to start a trade business. Below are some of the costs to consider when running a trade business. Perhaps the most important cost to consider is acquiring tools. This includes all the costs listed above.

Cost 91
article thumbnail

12 Plays to Kickstart Your Recruitment Process

To stay ahead in this race, every recruiter needs a good playbook. In this eBook, we lay out 12 recruiting plays that can automate key steps in your recruitment process, helping you reduce both the cost and the time it takes to hire the best candidates.

article thumbnail

Innovation Conversations with Dimension, Time, Cost

Mike Cardus

DTC stands for Dimension, Time, and Cost. The ideas are that it’s a tool for seeing problems differently and exploring ideas of extremes in size and costs. Costs. Meaning if we had a lot of money, if there was no barrier to the cost, what could we do?

Cost 88
article thumbnail

Asking a Question Costs Less Than Having an Answer

Leadership Freak

Control freaks fear freedom. But treating people like robots never inspires. Control-freak-leaders deliver narrow results. Choices inspire ownerships and instill responsibility. Every decision you give someone communicates trust, confidence, and respect.

Cost 245
article thumbnail

4 Costly Inefficiencies In Your Sales Cycle

Strategy Driven

In the world of sales, inefficiency can be just as detrimental to a company as incompetence. It wastes money and valuable resources, causes delays, and ultimately creates another hurdle between you and the customers that benefit from your product or service.

Cost 104
article thumbnail

The Cost and Opportunity of Standing-With

Leadership Freak

You put yourself on the line when you stand-with. Some of my proudest memories are of people I’ve stood-with when it would have been easier to walk-away. I’m not special.

Cost 180
article thumbnail

6 Ways to Save on Maintenance Costs for Your Business

Strategy Driven

Though you may feel like you have no extra room in your budget, there are almost always ways to save business costs without cutting corners and compromising on quality or safety. Here are six tips for saving on maintenance costs for your business.

Cost 89
article thumbnail

The Ultimate Guide to Executive Recruiting

Sourcing the right executive candidates and filling key managerial roles in an organization can be difficult, even in the best of times. Download this eBook to level up your discovery process, talent sourcing, and strategies for reaching your best-fit candidates.

article thumbnail

How to Reduce Startup Costs in a Small Construction Company

Strategy Driven

The startup costs to any business can be huge, but in the construction industry, they can be eyewatering. Here is a quick guide on how to reduce some of these costs so you can have a better balance sheet at the end of year one. Track Every Cost and Asset.

article thumbnail

The True Cost of Mergers and Acquisitions

CEO Insider

The post The True Cost of Mergers and Acquisitions appeared first on CEOWORLD magazine. “Statistics say that 70% of the time you acquire an asset, you’ve overpaid for it,” says John Williams, the CEO of Domtar Corporation. After an acquisition, the asset’s performance starts declining.

Cost 82
article thumbnail

Cutting Your Business Costs: Top Tips

Strategy Driven

Even with less costly technology and marketing tools, it costs money to run a firm, and those expenses rise regularly. Here are some strategies to cut costs and increase your bottom line in your business. Lower your workspace costs. Reduce staffing costs.

Cost 65
article thumbnail

Greatness Comes At A Cost

Joseph Lalonde

Greatness comes at a cost. A cost many people aren’t willing to pay. Greatness will cost you: Your time. Many times people don’t reach the level of greatness within them because they’re unwilling to pay the cost to be great. Continue Reading… The post Greatness Comes At A Cost appeared first on Joseph Lalonde. Everyone talks about wanting to be great. They claim they want to make a difference in the world. But is that the truth?

Cost 182
article thumbnail

A Proven Guide to Recruiting Passive Candidates

It's not efficient to be in active recruitment mode all the time. It's important to also invest in building a passive candidate pipeline. Download the guide to help you build a recruitment strategy that attracts both active and passive candidates.

article thumbnail

Employee Benefits: Types, Cost & Examples

HR Digest

We’ll also discuss how much these employee benefits costs employers and businesses alike. Each employee benefit has its own cost, but they can all vary depending on your company’s size and budget. What do employee benefits cost?

article thumbnail

How to Reduce Business Costs

Strategy Driven

Every business will have various costs, which are, unfortunately, unavoidable. Additionally, it is important to re-assess your costs regularly to make sure that you are not overspending. Here are a few ways that you can reduce your business costs.

Cost 94
article thumbnail

Hidden Costs 25

QAspire

Home Go to QAspire.com Guest Posts Disclaimer Hidden Costs 25 As a business leader, if you think “costs” are only the ones where you spend real money, think again. Have you ever realized the costs of: having an inefficient leadership team? These are costs too! Generally, no realized that failing as a leader is a very costly affair. Hidden costs are more dangerous because they occur silently and are difficult to uncover.

Cost 159
article thumbnail

Unexpected Costs of Running a Small Business

Strategy Driven

Utility costs can also eat away at your budget. Leased spaces will often include these types of costs as part of your agreement too, so look into those and always make sure that you are getting the best deal. It doesn’t cost a lot to invest in.

Cost 105
article thumbnail

Best Practices for Marketing Database Cleanse

Finding a vendor to cleanse and optimize your marketing database can be difficult if you don’t know what to look for. Download the eBook to get the most out of your database cleanse and find an appropriate vendor for your B2B marketing objectives.

article thumbnail

The Hidden Costs of Not Washing Your Truck Frequently Enough

Strategy Driven

The rust can also travel and cause defects that prevent major parts from working and increase auto repair costs for the owner. By setting up the services, the owner can avoid high costs later and protect their commercial vehicles. Increasing Maintenance and Repair Costs.

Cost 134
article thumbnail

Cost-Effective Tips For Buying A Company Vehicle

Strategy Driven

Additionally, with 29% of businesses failing due to a lack of capital or cash flow, you must look for the best cost-effective methods to help you buy a car for your business, especially if you’re expanding your small business. Consider maintenance and insurance costs.

Cost 114
article thumbnail

How to Downsize Office Space and Cut Business Costs

Women on Business

In many major cities, real estate comes with prohibitive costs, so office space can be a large expense even for profitable businesses, not […].

Cost 240
article thumbnail

A Critical Team Building Mistake to Avoid At All Costs

Lead Change Blog

Please Don’t Do This. Last week I spoke with a company executive who said, “People are upset, can you help us with some team-building?” ” I replied, “Probably not.” ” He looked at me with a combination of shock and amusement – he wasn’t used to trainers or consultants telling him they didn’t want his money. “Okay, tell me why you won’t help us?” ” It’s not that I wasn’t willing to help – of course I would.

article thumbnail

Best Practices for Accelerating the Sales Process

This eBook takes a look at three headache-free strategies you can employ today to accelerate selling the right way. Read on to learn how to adopt specific workflows and approaches that append your existing processes to deliver value to your prospects and internal counterparts.

article thumbnail

How can businesses save hiring costs

Strategy Driven

Do you want to reduce hiring costs in your company when hiring new employees? In an economic context pushing for the optimization of all resources, recruitment costs now represent an important issue for any HR manager. Cutting costs is a top priority.

Cost 74
article thumbnail

Lower Comms Costs Don’t Have To Mean Worse Communication

Strategy Driven

However, the tech that it takes to manage that communication can start to get costly. Here, we’re going to look at how you can manage those costs before they loom too large, without cutting back on your ability to communicate both internally and externally.

Cost 108
article thumbnail

How Much Does It Cost to Sell on Amazon?

Women on Business

We've Moved! Update your Reader Now. This feed has moved to: [link] If you haven't already done so, update your reader now with this changed subscription address to get your latest updates from us. link] Women On Business Partners

Cost 100
article thumbnail

One Common Interviewing Mistake That Will Cost You the Job

Let's Grow Leaders

My phone rang. Colin was exasperated. “Karin, I thought I NAILED the interview. The owner seemed pleased with all my answers, and I had great stories for all his behavior-based interview questions. But I just got an email from him saying that although I was qualified, he was worried about my passion for training!!! You KNOW how passionate I am about training– it’s my life! I was energetic throughout the whole process. Where could this have gone wrong?”

Cost 327
article thumbnail

Why B2B Contact and Account Data Management Is Critical to Your ROI

64% of successful data-driven marketers say improving data quality is the most challenging obstacle to achieving success. Given data’s direct impact on marketing campaigns, reporting, and sales follow-up, maintaining an accurate and consistent database is a top priority for B2B organizations. This latest eBook aims to help marketing leaders understand the impact of data management on their company’s ROI.

article thumbnail

The Mistake that Costs Your Consulting Firm Winnable Projects (and How to Fix it)

David A Fields

The post The Mistake that Costs Your Consulting Firm Winnable Projects (and How to Fix it) appeared first on David A. Consider reality talent show contestants for a moment. Many have modest talent (at best) and are, nevertheless, shocked when they fail out of the competition.

article thumbnail

The Cost of Distrust

Kevin Eikenberry

The post The Cost of Distrust appeared first on Kevin Eikenberry on Leadership & Learning. More and more often I find that a centerpiece of leadership training we design for Clients has trust – understanding it and understanding how to build it – as an important component. In thinking about trust this week I was reminded of a great quotation from Ralph Waldo Emerson: “Our distrust is very expensive.” ” I love […].

Cost 203
article thumbnail

RELP – Episode 28 – High Costs of Leadership

Ron Edmondson

In this episode of The Ron Edmondson Leadership Podcast Ron and Chandler Vannoy talk about the high costs of leadership. There is a high cost of serving in leadership. In this episode, we discuss high costs of leadership.

Cost 83
article thumbnail

The High Cost of Constitutional Compromises

CEO Insider

License and Republishing: The views expressed in this article The High Cost of Constitutional Compromises are those of the author Wolfgang Mack alone and not the CEOWORLD magazine.

Cost 95
article thumbnail

9 Ways to Manage Costs and Prepare for Future Growth

SMB leaders are working day and night to navigate the COVID-19 crisis. Successfully managing it requires the CFO and HR leader to make complex decisions quickly, without rushing into an uncoordinated response. Foremost among these decisions will be cost containment. The way organizations manage costs now will determine how well they perform during and after COVID-19. Download our guide and start preparing for the future today.