• Start Up

    The Importance of Setting Expectations When Hiring

    Giving potential employees a realistic sense of their first 30 days will help keep them from quitting. Grow Your Business, Not Your Inbox Stay informed and join our daily newsletter now! August 6, 2020 1 min read Opinions expressed by Entrepreneur contributors are their own. Peter Voogd talks about the importance of letting potential employees know what to expect if they’re hired. This includes telling them what to expect from your company, both short- and long-term, and what their first 30 days will look like financially, emotionally and physically. Incongruent expectations, Voogd explains, cause employees to lose trust in you. Voogd describes a scenario in network marketing in which a…

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  • Finance

    Jobless rate sits at 10.2{4bae5313c1ffa697ce99995897f7847f1ebf3bca0fb7c37396bb602eb24323d3} as Congress debates replacement for expired $600 unemployment benefit

    The unemployment rate dropped from 11.1{4bae5313c1ffa697ce99995897f7847f1ebf3bca0fb7c37396bb602eb24323d3} in June to 10.2{4bae5313c1ffa697ce99995897f7847f1ebf3bca0fb7c37396bb602eb24323d3} in July, as the economy added nearly 1.8 million jobs last month, soundly beating consensus estimates. Equities futures and the dollar gained on the news. That marks a third straight month of solid hiring and a falling jobless rate after it topped out at 14.7{4bae5313c1ffa697ce99995897f7847f1ebf3bca0fb7c37396bb602eb24323d3} in April—the highest level since 1940. This points to an economy that continues to rebound since states began easing lockdowns. The 10.2{4bae5313c1ffa697ce99995897f7847f1ebf3bca0fb7c37396bb602eb24323d3} unemployment rate, while still weak, comes in far better than the 10.6{4bae5313c1ffa697ce99995897f7847f1ebf3bca0fb7c37396bb602eb24323d3} consensus estimates of economists compiled by Bloomberg. The improvement will be good news for the White House, but it’s clear it…

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  • Leadership

    Is the COVID crisis busting business bureaucracy?

    This is the web version of CEO Daily. To get it delivered to your inbox, sign up here. Good morning. Is the COVID crisis busting business bureaucracy? That’s the question I asked business guru Gary Hamel, who has a new book coming out next week entitled Humanocracy–which is his alternative to bureaucracy. I’ve been hearing stories from executives about how work from home has flattened hierarchies, democratized information, impaired micromanagement, focused on outcomes over inputs, and encouraged digitization and innovation.  In the process, has it also weakened corporate inertia and–to use Hamel’s subtitle–moved us closer to Creating Organizations as Amazing as the People Inside Them? Not so fast, says Hamel. “In any…

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