Employment Law Axiom No. 21: Accept Resignations
When someone quits, let them. Thank them. Wish them well. And start planning for life without them.
Employees
This is Employment Law Axiom No. 1: 5% of Employees Cause 95% of the Problems
There’s a lot packed into this foundational truth. (First, I’ll say that it’s not scientific. I don’t really know the actual percentages. But I do know that a small percentage of folks in the workforce occupy a bigly disproportionate amount of management’s time.)
The Essentials of a Contract Between Boutique Professional Service Firms and Independent Contractors
In the dynamic world of boutique service firms, leveraging the expertise of independent contractors is a widespread practice. It’s a mutually beneficial relationship that allows firms to flexibly scale their services and contractors to enjoy the autonomy of freelance work. However, to navigate this cooperation successfully and legally, a well-structured contract is indispensable. This necessity is twofold: compliance with the Internal Revenue Service (IRS) regulations and the safeguarding of a firm’s intellectual capital.
Are You Listening to Your Clients? Great! What About Your Employees?
Hopefully, you’re regularly talking to your clients—asking how things are going, what’s working, what’s not, and how your team is impacting their business. That kind of insight is gold. It helps you course-correct, tailor your services, and deepen client loyalty. But here’s the question most leaders forget to ask: Are you listening to your employees with the same intent and intensity?
Beyond Compensation: What Superstar Employees Really Value
In small service firms such as marketing agencies, IT service providers, and consulting firms, founders are in a relentless pursuit of top talent. The cornerstone of this quest often lies in crafting an irresistible employee value proposition (EVP). While compensation has traditionally been viewed as the primary lever to attract and retain talent, emerging trends suggest that it might not be the golden ticket after all.
Are Employers Their Own Roadblocks to Their Own Success?
The pursuit of entrepreneurial excellence is a crucial component of success. Many founders, though, unintentionally hinder their pursuit with simple missteps in defining roles and expectations.
Building an entrepreneurial culture fosters ownership, buy-in, innovation, and growth within your company. However, there are common missteps that employers make when it comes to fostering this within their teams. Getting these wrong can have an impact on more than company culture. It can also have legal, financial, and operational ramifications, as well. It will throttle your growth, impede scaling, and delay (or foreclose) your exit.
The Art of Silence: 6 Reasons Not to Tell Your Employees About the Pending Sale of Your Firm
Hey there, fellow founders of boutique professional service firms. If you’re contemplating selling your firm, you’re undoubtedly entering into a complex and potentially game-changing process. It’s a decision that requires careful planning and execution, and one of the crucial questions on your mind might be whether or not to inform your employees about the pending sale.
Understanding Equity: What Employees Need to Know Before Asking for Ownership
In the dynamic landscape of boutique professional service firms, the prospect of equity ownership often entices employees to envision themselves as stakeholders in the firm’s success.
“There Is a Well Understood Career Path for Employees”
Here’s an example of how well understood career paths are for employees
Why Employee Turnover Can Be a Gift for Boutique Professional Service Firms
In the ever-evolving landscape of boutique professional service firms, the notion of employee turnover often comes shrouded in negative connotations. However, as a founder, it’s crucial to adopt a perspective that sees turnover not just as an inevitable part of the business cycle, but as a potential catalyst for growth and rejuvenation.