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- WJR Business Beat with Jeff Sloan: Venture Capital Investment at Record Numbers in First Half of 2021 (Episode 268)
- 4 Ways to Boost Employee Appreciation and Create a Stronger Company Culture
- A Modern Digital Workplace Strategy: Why Working and Learning from Anywhere Matters
| Posted: 02 Aug 2021 11:59 AM PDT
On today’s Business Beat, Jeff discusses venture capital investment, which was at a record high throughout the first half of 2021 and is experiencing greater gains through all stages in North America, according to Crunchbase. Tune in to the Business Beat, below, to learn more about this surge in venture capital investment and what it means for startups:Tune in to News/Talk 760 AM WJR weekday mornings at 7:11 a.m. for the WJR Business Beat. Listeners outside of the Detroit area can listen live HERE. Are you an entrepreneur with a great story to share? If so, contact us at editor@startupnation.com and we'll feature you on an upcoming segment of the WJR Business Beat! Good morning, Paul! It’s the start of a new week! Lots of dreams of business success being chased hard by deserving entrepreneurs, and to get this week started off on a positive note, we’ve got news about the state of startup funding, the lifeblood of fast growth companies. And here it is: globally, venture capital investment is up 95% year over year to at least $288 billion through the first half of 2021. Even better, venture investment specifically in North America is experiencing even greater gains and across the spectrum of stages as well, from the earliest seed rounds to the later growth rounds, all of this according to news as reported in Crunchbase. April of 2021 was the second highest month on record for investment in private companies, according to data from Crunchbase, with VCs sinking more than $48 billion into business ventures. That’s topped only by March 2021, which saw more than $54 billion in venture capital investment. Why the torrid pace of venture investing? Well, the increase in big exits over the last five years leads to more investors wanting to play in the space, and so we have more capital flowing into investment funds, targeting private company investment. And when there’s lots of cash chasing deals, simply put, when you have relatively more cash chasing deals, you’re going to have more deals getting done, as fund managers seek opportunities to place invested capital in their funds. Who’s getting the funding? Well, the bulk of the deals are getting done in software, e-commerce, digital healthcare and fintech companies. Here’s the bottom line: without readily available capital to fuel fast growth startup companies, you simply don’t have fast growth. And if you don’t have fast growth, startups simply don’t have the staying power in many cases to get to the point where they can support themselves on revenue, let alone grow. And the record level of investment available to fast growth startup companies today is just another reason why this post-pandemic era is one of the best ever in the history of our country to start a company. So, get out there, and get your piece of the action. I’m Jeff Sloan, founder and CEO of StartupNation.com, and that’s today’s Business Beat on the Great Voice of the Great Lakes, WJR. The post WJR Business Beat with Jeff Sloan: Venture Capital Investment at Record Numbers in First Half of 2021 (Episode 268) appeared first on StartupNation.  |
| 4 Ways to Boost Employee Appreciation and Create a Stronger Company Culture Posted: 02 Aug 2021 06:30 AM PDT
At 87% of recognition programs, years of service is the most common form of employee recognition. However, employee appreciation can be delivered in various ways. While years of service is not a bad way to recognize and demonstrate employee appreciation, 58% of employees believe receiving recognition from leaders would improve their engagement. Additionally, companies experience 31% lower voluntary employee turnover who utilize recognition programs. Schedule a Consultation with AccessPointHere are some ways you can boost employee appreciation and create a healthier, stronger company culture:Recognize employeesIt may seem basic and straightforward, but recognizing employees is the first step in showing appreciation. One way to demonstrate recognition is through public acknowledgement. This could be a shoutout during a team meeting, on the internal employee intranet or in the moment you appreciate the employee (i.e., a job well done). Another great way to extend appreciation is to encourage peer-to-peer appreciation. You can facilitate a team activity where each member must say one acknowledgement of appreciation to a team member. In fact, 41% of companies that implement peer-to-peer recognition experience a rise in customer satisfaction. Additionally, celebrating together is a great opportunity to show appreciation. Celebrating birthdays, personal achievements or hosting employee appreciation days are great ways to boost employee appreciation. Related: How Understanding Multigenerational Workforces Can Make You a Better LeaderTrack progressIt can be difficult to manage employee recognition when you don't know what they've achieved. Implementing a way to track employees' progress, such as personal career successes, milestones (i.e., years of service) and special honors (i.e., certificates of great service, industry-specific certifications, awards, etc.) can help you not only track and celebrate your employees, but also manage performance reviews. Furthermore, tracking progress can also create opportunities for employers to develop mentoring and career development programs. Advocating for employee upskilling and continued professional growth are great ways to demonstrate employee appreciation. Creative rewardsWhile food (i.e., catered lunches and gift cards) and career-based rewards (i.e., promotions and bonuses) are well appreciated and encouraged, try to get creative with your rewards. If an employee meets a goal, offer them some additional time off or an opportunity to work remotely, if applicable. Other opportunities may be smaller like commuter benefits, access to additional company discounts, free or discounted swag or a chance to be the boss for the day. Whatever you choose, make sure
Schedule a Consultation with AccessPointActively seek and listen to feedbackAs mentioned above, seek feedback from your employees. How do they prefer to be recognized? What types of rewards would they like to receive? Actively listen to your employees' feedback and offer them the opportunity to lend insight to their interests and desires. For example, if an employee expresses concerns over something and an employer does nothing to resolve the issue, any sort of reward for a job well done may be counterintuitive. If you're looking to expand your voluntary benefits or best practices for boosting employee appreciation, contact AccessPoint. Our HR management team understands the value employees brings to companies and have the experience, resources, and tools to improve employers' abilities to support their employees. The post 4 Ways to Boost Employee Appreciation and Create a Stronger Company Culture appeared first on StartupNation.  |
| A Modern Digital Workplace Strategy: Why Working and Learning from Anywhere Matters Posted: 02 Aug 2021 06:00 AM PDT With work now being a thing people do instead of a place where they go, your ability to deliver a best-in-class digital workplace experience is critical to your future success. Today's visionary CIOs recognize the incredible value in a do-anything-from-anywhere culture; it's only with a truly digital workforce that organizations can push relentlessly through challenges and pivot to greater opportunities and success. No matter where your organization finds itself today, Dell Technologies will stop at nothing to help you remove the complexities that come from supporting dispersed people, applications and data. StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here |
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