These 2 terms are often used interchangeably. However, there is a vast difference between employee engagement and employee experience.
This article highlights the most important differences.
Best Practical Tips
How to Improve Employee Experience
Not only do you need to know what employee experience is about, but importantly, as a business leader, you need to know how to improve employee experience in your organization. Read this article to learn how to improve employee experience in your organisation.
3 Things That Shape Employee Experience
In the new world of work, there are 3 things that shape employee experience. Employee experience is one of the buzzwords that have become part of our vocabulary now, more than ever before.
Most employers across various industries are paying more attention to employee experience.
Formal Identification of High-Potential Talent
Should high-potential talent be formally identified and notified of their status in the company? This is a question that many business leaders ask.
A study conducted by the Center for Creative Leadership (ccl.org), revealed that there are more advantages and benefits to formally identify and notify high-potential talent, than disadvantages.
3 Tips to Retain High-Potential Talent
Business leaders need to find ways to retain high-potential talent in their organisation. High-potential employees tend to be in demand, which results in them easily trading their current position for a better offer elsewhere. Therefore, companies should have action plans in place to retain these valuable employees.
Future HR: Tips to Create Human Energy
As a business leader, you will benefit from these tips to create Human Energy in your business. Move from the traditional HR to Human Energy Management easily, by considering the pointers in this article.
Future HR: Human Energy Drives Business Success
Human Energy is the most important factor that drives business success in the future of work. Successfully moving into the future of work and business, will be dependent on our ability to manage the people we choose to join us on the journey. Read this article to learn 4 steps to ensure that Human Energy drives success in your business.
Future HR: Moving from Human RESOURCES Management to Human ENERGY Management
To be ready for the future of business, Human Resources Management “will have to rethink what they do and who they are. Besides, fulfilling an administrative function will no longer add value to the future business” – says the writers of Future Business – The Game has Changed, Guy Krige, Lizette Bester, Pieter de Villiers and Chris Laubscher. Read more.
Future HR: People Energy in Business
A business can have everything – tables, chairs, computer equipment, impressive buildings (or top-notch work-from-home platforms these days!), boardrooms and customers. However, if you don’t have motivated and energized people running the business, you don’t have a strong business.
Read more about the importance of people energy in business.
The Latest Change Management Trends
All organizations go through change, now more than ever, and change is especially present in a growing business. The field of change management continues to evolve rapidly. Therefore it is essential for business leaders to keep up with the latest change management trends.
Cash Flow Best Practices for Business Leaders
As a business leader, it is essential to stay on top of cash flow best practices, to enable you to run your business/es efficiently and decrease debts. Read this article for best tips on cash flow management.
The cost of a vacancy
It is important to calculate the cost of a vacancy in your business. Although most business owners and executives know that unfilled positions can hurt profit, few are able to quantify exactly how much these vacancies cost.
Investing Cash Flow for Growth or Funding Waste?
Are you investing your cash flow for growth, or are you funding waste? In this article, you will learn how to measure if you are investing cash to grow your business, or merely funding wasteful activities. In fact, tolerating poor business practices is a decision that is funded by your cash flow.
Growing a Business Broke
Growing a business broke is not an uncommon phenomenon. Yet, it can be avoided or overcome with discipline and measuring the right metrics. Let’s look at business growth and how to balance it with profitability.
Business leaders don’t understand cash flow
Business owners and leaders often don’t understand cash flow, let alone manage it. The numbers can be so complicated that they almost serve no value to the business owner to run the business. Read this article to understand why it’s important to understand cash flow.
Ways to Improve Cash Flow
Every business will benefit from practical ways to improve cash flow. More money in the bank means more opportunities to grow your business. Read this article for practical tips to improve cash flow.
The Cash Conversion Cycle
The cash conversion cycle (CCC) is a metric that expresses the number of days it takes for a company to convert its investments in inventory and other resources, into cash flow, from sales. Read this article to understand more of the basics of the cash conversion cycle.
PRODUCT LAUNCH: Refresh your People Structure
CoLAB is proud to launch a brand new, packaged solution, to help you to make your business more successful!
“We know that the success of your business is important to you, and at CoLAB, we partner with organizations that are serious about growing their performance and their bottom-line”, says Barend Cronjé, CEO of CoLAB.
Employee Engagement Increases Profitability
When organizations have strong employee engagement, the profitability of the business increases, Read more for tips and to understand how employee engagement increases profitability.
Checklists in Business
Not only are checklists useful in daily life, but checklists are also extremely helpful in business. Once you’ve identified and mapped the processes in your organization, you can bring them to life through checklists. Checklists are valuable for key parts of the 4 to 9 processes that drive the business, and help ensure that the right things happen.
