January 24, 2014

Over the past few decades farming towns across America have seen populations drop as more young people leave their rural homes behind in favor of big cities. However, urban living today doesn’t present as many opportunities as in the past. Not only do cities demand a higher cost of living, but also chances for career advancement can diminish given the large talent pool.

That’s the situation systems manager Wallace Harwood encountered at his job with an energy company in Lexington, Continue reading

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October 15, 2013

Wal-Mart became the world’s largest retailer by keeping margins low on everything, including employee compensation. For the Florida-based grocer Publix, however, keeping staff motivated through strong financial incentives is a recipe for success rather than instability. Publix’s net margins of 5.6 percent trounce Wal-Mart’s 3.8 percent, making it the most profitable grocery chain in the nation. With $27.5 billion in sales, it’s also the largest employee-owned company in America. Staffers control 80 percent of the company thanks to a policy Continue reading

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July 10, 2013

In the business world, companies aren’t the only ones who are concerned with attracting top tier talent. Governments, too, have a vested interest in either retaining their most skilled individuals or attracting the best from elsewhere. After all, an innovative and educated workforce can only sustain itself by remaining desirable to other capable candidates. For countries like India, this means keeping doctors and engineers local so they can help a homeland in need rather than travel abroad for greater fortunes. Continue reading

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February 5, 2013

Although franchising has many benefits, it doesn’t provide much freedom to the franchisees. After all, their primary job is to maintain the brand’s image, which just so happens to be whatever their corporate bosses say it is. They can also fall victim to larger trends that have affected their parent company. For instance, an entrepreneur named Jerry Merrill lost his Baskin-Robbins franchise in 1999, along with 600 other franchisees the company could not afford to keep. Merrill and 34 other Continue reading

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