Excerpt from The Squaredime Letters

“Client surveys at Administaff show an average return on monies spent on workforce to be around 36 percent, which says that, dollar-for-dollar, it would be smarter to invest in your employees than to invest in the stock market with all its associated risk and lack of control in hopes of a ~10 percent return. I don’t have sufficient hard data over an extended period of time to write a substantial proof paper on this point. However, accumulated evidence over a hundred years of industrial production in the United States alone points to the fact that an individual employee’s discretionary effort can and does impact the growth rate, profit margins and maintenance of market share of a business.

There is a disconnect which was brought to light in some 2006 Business Week Surveys. Business leaders across the board agreed that one of the greatest threats to their businesses over the coming years will be their inability to find, and keep good people. Without good people deeply committing their talents, business owners cannot implement their business strategies. The same survey also reported that, of all the systems believed to be essential to maintaining the health of the enterprise, people systems are the least developed. At the surface, it is illogical: The very thing that business leaders and entrepreneurs fear the most – lack of  committed employee discretionary effort – has the least developed solution.”

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Readers love The Squaredime Letters:

Uncle Squaredime’s Mechanical Perspective:

“Who has the time to deal with all of these people? Time is money and people are a bottomless bucket. You can’t deposit worker happiness in the bank, Almanas.“

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“I’m just saying, he needs to know his place. Insubordination is like the measles: It’s airborne. Once Kravitz thinks he can put his attention where it doesn’t belong and critique your methods and decisions, then the whole lot of them will just start throwing in their two cents worth and what you’ve got is a bunch of pennies, basically.“

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“Damn, Almanas, do these people think that Paracoo is a form of government? They are acting like they’re in some kind of democratic process. Somebody better break it to them slowly and gently that they have no say, and as a matter-of-fact, these kinds of troublemaking activities will not be tolerated.“