Here’s How to Build and Retain a Strong Team

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What does it take to build and retain a strong team? If one were to survey managers on this very question, it would likely yield a wide variety of different – often incompatible – answers.  

In most cases, unfortunately, their answers are surely wrong. This is readily inferred from research on employee perception towards managers – particularly their perception regarding how their managers make them feel and how their managers treat them.  

According to research conducted by the Pew Research Center, the majority of people who quit their jobs in 2021 cited feeling disrespected at work as a fundamental reason for their decision to quit.  

“Majorities of workers who quit a job in 2021 say low pay (63%), no opportunities for advancement (63%), and feeling disrespected at work (57%) were reasons why they quit,” according to the Feb. survey.

Clearly, this isn’t contributing to retaining workers, let alone building a strong team. If business owners and managers are to succeed in building and retaining a strong team, multiple changes in the basic assumption of how to run a business need to be made. 

Ensure that your workers feel respected 

Apart from the obvious – i.e., not having your employees leave in droves – there are many good reasons to make your workers feel respected.  

According to the Harvard Business Review:  

“Those that get respect from their leaders reported 56% better health and well-being, 1.72 times more trust and safety, 89% greater enjoyment and satisfaction with their jobs, 92% greater focus and prioritization, and 1.26 times more meaning and significance. Those that feel respected by their leaders were also 1.1 times more likely to stay with their organizations than those that didn’t.”

In other words, there is a strong correlation between treating employees with respect, and improvements on markers that make for good workers. When managers and employers treat their workers with respect, workers become more enthusiastic and engaged with their work.  

“Respect,” however, comes in multiple forms, but can be arrived at through a simple strategy.  

Treat people how they want to be treated  

In Christianity and Confucianism, the famous Golden Rule instructs us to treat others the way we want ourselves to be treated. In Daoism, this rule is inversed: Daoists instruct us to treat others how they want to be treated.  

The Daoist view on this matter is favorable for workplace conditions and can be practiced very easily.  

One way to find out your worker’s needs is by asking them about them. There is ample opportunity for doing this in a subtle, non-judgmental, and warming way.  

For example, this can be done during the onboarding process. In fact, this may be the best time to question your workers about their needs. It not only makes a good first impression that you care, but it may help ease the onboarding process for the worker.  

Another crucial opportunity to understand your worker’s needs is when they tell you what their needs are unsolicited.   

If your worker needs to work remotely, and they tell you this out of the blue, this should be the beginning of a good-faith negotiation – not, as some think, an opportunity for reflexive dismissal.  

Choosing a bottom-up, not a top-down, chain-of-command 

Why do workers feel so disrespected at work that it is a prime reason millions of workers are quitting their jobs?  

Many reports that the cause of this feeling is a general sense of incivility at their workplace. When surveyed, 25% of employees “blamed their organization for not providing them with the basic skills they needed.”  

It is unclear what “basic skills” employees are referring to. However, the source of not being provided such skills is quite clear.  

In short, employees do not feel heard by their employers – in fact, four out of five employees feel this way. This feeling is most pronounced among young, essential, and/or workers from under-represented backgrounds.   

Most employers take a top-down approach to managing their employees. This arrangement entails workers taking orders and being held accountable for their execution, by employers.  

Some degree of this, of course, is warranted. But too often this also entails employers ignoring the needs of workers.  

Therefore, something approximating the opposite of a top-down method – namely, a bottom-up method, where employees have the open right to hold employers accountable – is necessary for building and retaining a strong team.  

Reliable research shows that workers that feel listened to perform better at their jobs.  

38% of workers say when they express themselves to their employers about issues of productivity, their ideas are dismissed without being thoroughly considered.   

Employees, however, often have better ways of thinking about workplace-related issues than managers themselves do. This is the philosophy behind the idea of meritocracy, as Bridgewater Associates founder Ray Dalio calls it.   

The sole method of building and retaining a strong team is to take your employees’ ideas and needs seriously – not just in theory, but in practice.   

Doing so will improve their performance, markers of well-being, and overall respect for their employer. Such respect cannot be – nor should it be expected to be – arrived at through presumption alone.  

Respect is earned through respect. In the place of work, such respect will best be earned through implementing a bottom-up method of dialogue between employees and employers.  

Portions of this article originally appeared on the All Work Space website.

The Sundance Company                                                                
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.6 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

What Jobs Will Pay the Most in 2030?

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Are you looking for a job that pays better and will do so for a long time? Are you looking for a job that will provide you the most bang for your buck? If your answer is “yes” then we have the details for you.

Keeping the long-term future in mind is vital in looking for a lucrative job. A job that might be lucrative now might not be as lucrative in 2030. But which jobs will be lucrative by 2030? Which jobs will see the highest increases in employment by 2030?  

Healthcare

The COVID-19 pandemic has proven to be quite devastating to healthcare systems. As a result, healthcare providers are tired, and many are even quitting jobs they’ve had for decades to escape the overwhelming stress.  

Despite this, healthcare will see a massive boom in employment opportunities by 2030. According to The Motley Fool, the most lucrative job of 2030 will be registered nursing (RNs). RNs have projected job growth of 15% over the next decade.  

In the same report, various other professions in the domain of healthcare are mentioned:  

  • Physical Therapists: “The number of physical therapists could increase to 337,000 by 2030, up from nearly 217,000 last year.” 
  • Nurse Practitioners: “Employment for nurse practitioners is expected to grow from 150,000 last year to 205,000 by 2030.” 
  • Physician Assistant: “There were around 104,000 physician assistant positions in the U.S. last year. By 2030, that number could rise to more than 144,000.”

In each case, The Motley Fool determines the “lucrativeness” of each position not by its salary but by job growth. In each case, however, healthcare jobs are well-paying –in the positions mentioned above, salaries range from $80,000-$110,000.  

Software development

Software development will be the most lucrative STEM job by 2030. Indeed, more accurately, it is slated to remain the most lucrative STEM job by 2030, as it is currently the most lucrative. Various sources agree with this projection or one that is similar. For example, according to the Bureau of Labor Statistics, the number of jobs in software development will increase by 22% from 2020 to 2030.  

Other Industries

The Bureau of Labor Statistics projects that the following jobs will be the fastest-growing (in terms of increased employment) industries from now until 2030:  

  • Motion picture projectionists (70.5%) 
  • Wind turbine service technicians (68.2%) 
  • Ushers, lobby attendants, and ticket takers (61.8%) 
  • Solar photovoltaic installers (52.1%) 
  • Cooks at restaurants (48.9%) 
  • Agents and business managers of artists, performers, and athletes (46.3%) 
  • Costume attendants (44.3%)  
  • Exercise trainers and group fitness instructors (39.3%)

The most lucrative jobs require more significant skill acquisition on the part of workers.  

For job seekers, what is essential to keep in mind about all of these growing positions is that almost all of them require specific training. To acquire these jobs, you will be required to gain skills through either certificates, experience, or schooling.  

Therefore, success in the future of work will be determined by how much workers are willing to expand their skill-set. Likewise, those who are willing to further their education will reap the benefits of these growing fields.  

Portions of this article originally appeared on the All Work Space website.

The Sundance Company                                                                
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.6 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

Scientific Ways to Improve Your Relationship

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Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.6 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

How to Attract Talent in a Competitive Job Market

Companies need to attract the best and the brightest talent to position themselves for continued and new success. Here’s a look at what organizations can do to differentiate themselves as top employers and ensure they’re attracting top talent in 2022.

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The Great Resignation

Across industries and demographics, people quit their jobs in 2021. According to data by people analytics firm Visier, 1 in 4 employees left their roles. While it’s certainly common to see some professional turnover, particularly among younger employees, they weren’t the only ones changing things up in 2021. The most significant increase in resignation rates were employees between 30 and 45 years old, with an average increase of more than 20% between 2020 and 2021. While organizations are eager to fill vacant roles, many potential employees are not yet ready to return to the workforce. Plummeting employment figures, paired with low reports of job searching among the unemployed, have shifted the economic landscape in favor of workers. With so many jobs available, workers are optimistic about their job opportunities and are comfortable waiting for the most suitable role and opportunity.

What Employees Want

The biggest lesson over the past few years is that employees want more from their employers, and they won’t accept less. Flexibility is paramount: according to PWC’s Workforce Pulse Survey, nearly half of Gen Z (45%) and millennial (47%) employees surveyed said they are willing to give up 10% or more of their future earnings in exchange for the option to work virtually from almost anywhere. No longer required to live within commuting distance of the workplace, many workers have relocated to areas that better suit their lifestyles. While most employees still find networking and professional value in going into the office, they want to do it only part of the week, and during times that work best for them. Workers are also eyeing more time off. According to McKinsey’s future of work-study, 65% of employees left their jobs to restore work-life balance. Employees are burnt out and searching for opportunities that provide a greater sense of consistency in their lives. This goes beyond vacation time and manageable work hours. The feeling of being valued and connected is crucial. Employees want to work for a company that prioritizes outcomes over output and supports holistic wellbeing. Being trusted and valued by their manager and company in an environment where they’re given the autonomy to work independently is vital. In addition, the potential to grow is incredibly desirable. Employees want to learn new skills to grow their careers and see it as imperative to their future career path.

What this Means for Employers

Across industries, workers are redefining what they need to work successfully. To remain competitive, employers need to focus on the overall employee experience and workplace strategy, including things like increasing investment to ensure employees can collaborate no matter their location. Connection will be key: technology-enabled collaboration spaces and training programs will bring together remote and on-site team members and encourage cross-service line engagement. To demonstrate their commitment to wellbeing, organizations should implement or expand policies around employee time off, mental health, and community engagement. Finally, to successfully roll out these initiatives and attract new employees, managers need to be equipped with soft-skills training and hybrid team management practices to foster a dynamic and productive work environment.

Portions of this article originally appeared on the Cresa website.

The Sundance Company                                                                
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.6 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

A Workaholic’s Guide to Relaxing on Vacation

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Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.6 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

How To Manage Introverts and Extroverts

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Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.6 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

The Internet Giants That Rule the Web

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Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.6 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.

How to Spend Your Break Time at Work

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Here are some suggestions on how to spend your break time more wisely to help improve your well-being and overall productivity. 

Exercises 

To exercise, you do not need gym equipment. You just need yourself, some physical space, and time. Luckily, breaks at work tend to provide all three of these conditions. 

Exercise has been proven time and time again to reduce mental fatigue, while improving feelings of depression, anxiety, and physical fatigue. 

Some ways to exercise on breaks can consist of stretching or long walks –in other words, exercise workers can do while still having the ability to talk, because you won’t be too out of breath. This may be preferable as such exercises allow you to reap all of the benefits of regular general exercise, without returning to the office all sweaty. 

Read   

The trope that “reading is not for everyone” is nonsense. Some may prefer the idea that those who do not read have simply yet to find a book suited to their tastes.   

Use your break to consider the things you are interested in. This could be as simple as your love for sports or fashion. No matter what it is, you can expand the dimensions of your interest by bolstering it with the beautiful information conveyed about it in books.

It isn’t just that reading can expand your understanding of your interests. It is also good for your brain, well-being, and productivity. In fact, reading can help you speak clearer and with a greater grasp of language, which is sure to benefit your performance at work. 

Get lunch or coffee with a coworker 

The modern-era is surely the most socially isolated.  

Many find it challenging to make friends at work, and when we are on our breaks, it is palpably clear that people prefer to spend their breaks alone –as is indicated by their being glued to their phones. 

Social isolation, however, can bring with it devastating health consequences, including but not limited to heart problems. As we get older, and old friends begin to have families and move away, some of our only opportunities for social connections occur at work.  

Hence, it is worth putting your best foot forward when it comes to making friends with work colleagues. Ask others if they’d be interested in getting coffee and lunch during break time. Chatting with your coworkers can be an extremely rewarding pursuit –these are the sort of interactions that can even manifest into lifelong friendships!  

Use your breaks to relax and zone out when that is needed. We all have that need from time to time.

Doing so will help to improve your well-being, productivity, and career in the long run. 

Portions of this article originally appeared on the AllWork.Space website.

The Sundance Company                                                                
Established in 1976, The Sundance Company has the experience to help you with your commercial real estate needs throughout the Boise Valley. If your requirements include property management, leasing, real estate development, project planning, construction or space planning then look to us. The Sundance Company has more than 1.6 million square feet of office and industrial space available in prime locations in the Boise metropolitan area. More information is available at www.sundanceco.com or 208.322.7300.