Jeff Vinik, owner of the Tampa Bay Lightning (Scott Audette/Getty Images)
Jeff Vinik, owner of the Tampa Bay Lightning, announced substantial bonuses ranging from $50,000 to $66,000 for over 300 full-time employees following the sale of a majority stake in the team, valued at $1.8 billion. Despite the ownership transition to Blue Owl Capital's co-CEOs, Vinik will maintain control for three years, reflecting his ongoing influence and the team's success, including two Stanley Cup wins.
Help employees transition to Medicare. Employers, have questions about Medicare? We've done the homework to provide you with the details that help employees make informed decisions. Learn more
Employers should aim to grow their companies with fewer employees by focusing on efficiency, automating processes and investing in AI, writes Josh Bersin, who encourages companies to eliminate complex job titles, cross-train employees, offer bonuses instead of high pay raises and reward people for developing skills. "Today, with automation at our fingertips, any 'big company' is threatened by a small one. So the sooner you think small the better," Bersin writes.
Start-ups face significant challenges in hiring due to limited resources compared to larger companies, writes entrepreneur and author Colin Campbell. Three strategies can help start-ups attract quality talent: fostering a culture of love, ownership, and freedom; selling a vision of success; and profiling candidates for cultural fit over skills.
Open enrollment season presents significant challenges for HR professionals, as many employees need clarification on the process of selecting benefits, particularly health insurance. HR leaders are addressing this by hosting informational workshops and webinars to educate employees about underutilized benefits, such as nonqualified deferred compensation plans and health savings accounts, which can significantly affect personal finances.
The concept of "snudging" is when employees appear busy without being productive, writes Yonason Goldson. One way leaders can battle this is by creating a work culture that gives workers a sense of ownership and helps them feel valued and motivated.
Artist William Hogarth depicted the comedy of 18th century UK politics in a four-part series called "The Humours of an Election." The first one is a parody that borrows from what famous artist/painting?
Efficiency is the linchpin to company growth, writes human resources analyst and researcher Josh Bersin in today’s Recruitment & Retention story. Before you dismiss this as another pro-AI and layoffs story, don’t. Getting lean with your work teams will open the door to faster growth, Bersin says. He outlines what this looks like. Here are the points that hit home with me:
Force managers to automate at ground level, and constantly rethink job roles
Eliminate complex job titles and reduce levels, so it’s easy to move people around
Double down investment in training, and start cross-training people between job families
Tell leaders who beg for headcount to “rethink your plan with fewer people”
Develop a culture of meritocracy, rewarding people for their skills and execution, not “Hitting goals.”
Rethinking plans and job roles, cross-training staffers and removing complicated job titles will cause some pain. Some friction. Some disgruntled folks. But isn't that what change requires? Isn't that part of the growth-pain process?
What do you think? Are you on this road? Let me know! Do you enjoy this brief? Share it with others. Want different stories? Something about it bug you? Tell me. In the words of Frasier Crane, “I’m listening.”
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