Over the last several months, businesses have been impacted by COVID-19 in many ways. Some industries have been impacted more severely than others. Across the board, businesses have had to act and adjust like never before. Joe Paulsen with Pinnacle Business Traction would like to help you with ensuring that your company has the Traction it needs to overcome current and future challenges.The following is part three of a guest blog series where Joe will share tips on how you can gain traction in difficult times.
As Jim Collins and his research team found and explained in Good to Great, successful companies have “Right People” on their bus and they are all in the “Right Seats”. I think all of us can agree with this concept, but when the labor market is tight, it is tempting to tolerate employees that truly don’t share our Core Values or can’t adequately perform the requirements of the job. Fear of losing an employee and the prospect of having to recruit and train his/her replacement often stops leaders from having the important conversations to lay out their expectations and explain how that employee is not meeting those expectations.
I estimate that when you clearly articulate your expectations and show your difficult employees where they are falling short, 80% of the time those employees will modify their behaviors and actions to meet your expectations. However 20% will not and that means they need to leave the company. So there is a risk in confronting problem employees, but the odds are clearly in your favor when you take action! Also consider the message you are sending to your good employees. If they sense that you won’t ever take action on employees that are bringing them down, they will likely be the ones that will leave your company and that is a cost you can’t afford!
Joe Paulsen (Meet Joe) and Pinnacle Business Traction’s passion is to Enrich the Lives of Entrepreneurs and Business Leaders in the Mankato area. He has been implementing EOS since 2016 and has helped over 35 entrepreneurial organizations get everything they want from their organizations. Please reach out to him if you are wanting more information or assistance. firstname.lastname@example.org
GMG is offering the best-selling book Traction – Get a Grip on Your Business to members wanting to learn more about the Entrepreneurial Operating System. Please email email@example.com to schedule a time to pick-up your free copy at the GMG office.
This is a guest blog post by Joe Paulsen from Greater Mankato Growth member business, Pinnacle Business Traction.
At the virtual Entrepreneurial Operating System (EOS) conference in May, my biggest take away came from the creator of EOS, Gino Wickman. He gave a keynote address titled: “Managing Human Energy Coming Out of a Crisis.” Gino provided 10 Disciplines for Leaders who want to perform at the top of his/her game in good times or challenging times. Following are the 10 Disciplines with a brief explanation:Read More
The Career Expo, a 10th grade career exploration event, is being hosted at the Mayo Clinic Health System Event Center on Wednesday, March 25, 2020 from 8:00am – 3:00pm in the Grand Hall. Over 1,500 students are expected to attend. This is an excellent opportunity for your company to describe the opportunities available in this region to the next generation of workers. For the Career Expo, we are looking for companies that can manage a highly interactive booth. Companies interested in volunteering to exhibit (this is a unique Career Expo in that companies are being asked only to volunteer their time, not to pay for registration, and all volunteers will receive a free lunch) can do so by following this link or by contacting Gwenn Wolters at firstname.lastname@example.org. Please sign up or email Gwenn by Wednesday, February 26, 2020. Most exhibitors give away small prizes (pens/pencils) or candies to encourage student engagement, and exhibitors are asked to bring a marker to mark student BINGO cards, which are designed to increase student interaction.
In addition to volunteer exhibitors, there will be a game show for students at the Career Expo. Companies are being asked for a small donation of giveaways that can be used for the game show. Examples of giveaways include water bottles, stress balls, t-shirts, pens, frisbees, etc. Companies do not need to provide a giveaway in order to participate as an exhibitor.
The Career Expo will also feature My Story, an opportunity to share your career story and respond to student questions. If you are interested in volunteering as a Storyteller or in receiving more information about My Story, you can email Alison Troldahl at email@example.com.
Schools that will be attending the event include: Mankato East High School, Mankato West High School, United South Central, Maple River, Central/Central Freedom High School, Lake Crystal Welcome Memorial, St. Peter Public Schools, Tri City United, St. Clair, Nicollet, JWP, and Madelia.
Sponsors include: Rasmussen College, Minnesota State University – Mankato, Crystal Valley Cooperative, South Central Perkins Consortium, Bolton & Menk, and South Central Workforce Council.
The largest economic growth hurdle for the next ten years will be availability of workforce. Historically, Minnesota has had one of the highest labor force participation rates in the country.
To capitalize on this, the size of the population needs to continue to grow.
Our entire team at Greater Mankato Growth, Inc. works each day to bring value to our members and drive increased vitality to the Greater Mankato region. To ensure that we’re effectively updating our partners and the community on our work, we revamped our annual report. Instead of a once-a-year 40+ page document, we’ve transitioned to a quarterly report in a new, condensed infographic layout. This has allowed us to streamline and considerably reduce staff time as well as printing costs all while making the content easier to digest, more immediate, and more impactful. I invite you to take a look at our Quarter 2 report.
The following article was submitted by Lori Creighton from Greater Mankato Growth member business, Homestead Media. She writes about the benefits of using a proactive recruiting process instead of a reactive one.
Are you part of a Greater Mankato member business and have an interest in writing a guest blog for us? Send 500-800 words to firstname.lastname@example.org or reach out to Greater Mankato Growth with further questions.
The business world continues to evolve and modernize at a rapid pace. One area this is evident in is a company’s benefits for their employees. Most people expect the usual allowance of vacation time and some health insurance for example. But companies these days are becoming more creative and empathetic when it comes to employee benefits and they can be a great way to entice potential workers. Here are a few things you might want to suggest or implement in your workplace:Read More
Our entire team at Greater Mankato Growth, Inc. works each day to bring value to our members and drive increased vitality to the Greater Mankato region. To ensure that we’re effectively updating our partners and the community on our work, we recently revamped our annual report. Instead of a once-a-year 40+ page document, we’ve transitioned to a quarterly report in a new, condensed infographic layout. This has allowed us to streamline and considerably reduce staff time as well as printing costs all while making the content easier to digest, more immediate, and more impactful. I invite you to take a look at our Quarter 1 report.
The Minnesota Department of Employment and Economic Development released the April 2019 employment figures on Thursday. The Mankato – North Mankato Metropolitan Statistical Area (MSA) saw a gain of 501 jobs or 0.9% year-over-year in the month of April.
Private sector hourly earning have significantly increased over the last two years. Since April of 2017, wages have increased 12.3%; to $26.87 per hour. Average hours worked (27.8 a week) has decreased as more employers try to offer flexible schedules to fill vacant positions.
Manufacturing employment jumped up 3.3% in April. This is the second highest (2017) rate of growth since 2001.
The following is a guest blog post authored by Scot Zellmer. Scot is one of the organizers that worked on behalf of adoption and recognition by the City of Mankato of Indigenous Peoples Day. His post speaks to the importance of ensuring our community adopts a “wide range of inclusive and affirming business practices” in order to attract and retain the talent we’ll need to fuel our economy. Read More