#AskPeshev 157: People First

Are you a people-first company?Many businesses would say they can’t afford to be one even if they want to. I’d say…you can’t afford not to be one.There are several ways you can explore to improve the employee experience at work without burdening your pockets too much.Read this week’s featured articles that tackle Human Capital Management and workforce strategies among others. Just hit “Reply” if you have any questions 📱  Mario

 Business Strategy MIT Sloan Management Review: Can Design Thinking Succeed in Your Organization?Design thinking offers a way to explore uncharted territory, uncover options, and solve complex business problems. But as much as leaders need new approaches to create competitive advantage, inspire innovation, and discover new paths for growth, they often don’t get the results they expect.Read more… Management Forbes: What Is Human Capital Management (HCM)?Human capital management (HCM) involves managing all aspects of the employee life cycle—which is obviously easier said than done. If you’re new to the HR industry, this umbrella may seem intimidating. In this article, we’ll break down the basics when it comes to human capital management.Read more… Recruitment TechRepublic: Independent Talent Is a Key Workforce Strategy for Companies Facing a Protracted Labor ShortageDespite the robust labor market, businesses continue to face a historically difficult hiring landscape. The number of available job seekers continues to decline, while the number of Americans who quit their jobs remains at a 20-year high, and 60% of hiring managers cite difficulties finding quality talent to fill open positions, according to Upwork’s seventh annual “Future Workforce Report.”Read more… Marketing MarketingProfs: Web 3.0, Blockchain, and the Metaverse: Opportunities for B2B MarketingWhen Facebook changed its name to Meta in 2021, the world took it as a signal of transitioning to a new digital frontier. The metaverse—a different world that exists entirely online—is the central theme of the social giant's rebranding. Meanwhile, companies around the globe have started to invest in the metaverse. H&M and Gucci have initiated the use of virtual reality to sell custom-fit goods to customers. France's Musée D'Orsay has been installing virtual reality spaces for viewers to look into while in the comfort of their bedrooms. Walt Disney Studios has filed a patent for its ongoing metaverse theme park.Read more… Sales CMSWire: The Future of Digital and Physical Sales in a Post-COVID WorldIt is no secret that the global market changed during the pandemic. Much like how the Industrial Revolution imputed changes in Western society's values, shopping habits and the distribution of people and resources, the pandemic has done much of the same between 2020 and 2022. People who never shopped online — or, at the very least, were reluctant to — did so for the first time. Amazon reported a 38% increase in sales in 2020.Read more… Featured Stories of the Week Small Business Trends: 10 Ways to Tactfully Decline Your Employee’s Request for a RaiseSometimes, leaders aren’t able to grant an employee’s request for a raise, whether it’s because there’s no budget for it or because the person’s performance or skill set doesn’t currently warrant one. In either case, leaders need to focus on tact and kindness when declining the employee’s request — a task that may feel awkward or uncomfortable for leaders who have never done it. To help leaders in this situation, 10 Young Entrepreneur Council (YEC) members answered the following question...Read more…LinkedIn: September '22 Business TipsThe monthly business tips deck is out! Here's what I'm mindful of when it comes to my strategy to ace September. Paying extra attention to creative techniques & growth hacking is definitely high on the list. What's on top of yours?Read more…