The unemployment rate stands at a 16-year low, but turnover for jobs has been higher than ever. Marcus Buckingham is the co-head of ADP Research Institute and provides insight on how companies need to improve to foster happiness and retain talent.
Buckingham stresses the importance of encouraging employees individuality. Rather than asking workers to fit into the mold, employers should find, highlight, and encourage the strengths of each person.
Producing and fostering strong managers is also key. One of the top reasons why people leave jobs is because of a negative relationship with their manager. Having strong leaders who know how to communicate with their staff and encourage them is great to keep talent from walking out the doors.
And when it comes to benefits, the more the better. Employers often stay if the benefits are strong.
Plus, Starbucks reported its first quarter of declining sales and earnings since the pandemic, Biden tries to tackle the national debt and Warren Buffett is set to host the annual meeting of his investment firm Berkshire Hathaway.
Cetera Holdings CEO Mike Durbin sits down with Cheddar to discuss the important of financial planning, investment strategy and the state of today's market.
