Susan, a friend and client of mine who owns a large plumbing/HVAC company called this morning feeling exasperated. “We’re not getting any responses to the job ads we’ve been running for techs,” she said. “Those guys know that they can make more money sitting on their couch playing X-Box than they can if they return…
The irony of the subtitle of my new book FULLY STAFFED: The Definitive Guide to Finding and Keeping Great Employees in the Worst Labor Market Ever (releasing Monday, April 20th) is obvious. After all, if the COVID-19 pandemic has force millions to file for unemployment, could this STILL be considered ‘the worst labor market ever?’ The answer is a…
No, the sky isn’t falling. It already fell. The stock market is in total upheaval. Schools, churches, businesses, and virtually everything deemed ‘non-essential’ is now closed – or very soon will be. The economic ripple of COVID-19 is reaching into the depths of every business and has left countless owners, leaders, and managers in a state of…
To keep pace with the rapidly decreasing supply of hourly workers amidst this devastating labor shortage, a growing number of fast food restaurant chains are now offering early wage paychecks and even same-day pay for part-time employees, according to this article in Bloomberg. In spite of higher salaries and the lowest unemployment in five decades,…
Last week, 5-time NBA All-Star, Kevin Love, signed a contract to return to the Cleveland Cavaliers. His new deal will pay him $120M over 4 years, approximately $30M per year. These days, it’s not uncommon to see professional athletes sign enormous contracts punctuated with a staggering number of zeros. What is uncommon about this particular story…
Ritz Carlton. Zappos. Starbucks. Nordstroms. Southwest Airlines. These iconic brands are legendary largely for the outstanding customer service they provide. That level of customer service is based upon a simple — but profound — leadership principle. And while the phrasing varies from one great organization to the next, the tenets of the principle don’t: Hire…
As the keynote speaker for more than a hundred franchise conventions and meetings over the past decade, I believe I’ve uncovered the #1 reason for the huge chasm between those franchisees who are getting wealthy and those who are barely hanging on. While the economy, geography, and increased competition are big factors in a franchisee’s success, they are out of their control. But even…
Hank McGuinty is the owner of an HVAC service and installation business in Beeville, Texas (pop. 13,500). His uncanny ability to attract and hire technicians is the envy of all the other owners in this large national chain, and it’s helping him crush his competition. With the ever-diminishing number of skilled workers in every trade – especially in smaller rural communities…