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- The secrets to employee retention
The secrets to employee retention
PLUS: CryptoGPT and Bitcoin Easter Egg in your MAC
GM. This is RollCall by Rollfi...
The weekly newsletter keeping you updated on the Future of Work.
How to Avoid The Great Resignation
In 2022, a record 50m+ people quit their jobs. The year before, 47m people left their jobs. That's 97m "quits" in two years.
Which is equal to 30% of the US population or the 15th biggest country in the world.
According to McKinsey, the 3 most common reasons people left their jobs are due to:
Lack of Career development
Inadequate compensation package
Lack of workplace flexibility
It doesn't look like The Great Resignation is slowing down anytime soon either. In a recent study, McKinsey found that 40% of US employees said they plan on leaving their current job in the next 3–6 months.
The wild part is, people are leaving their jobs without anything lined up. 36% of people who quit in the past six months did so without having a new job lined up. In the past, unemployment stressed people out, nowadays, being employed is just as stressful.
If employers want to avoid losing good people to the Great Resignation, they should do a better job of understanding their employees. Here are some tips to retain employees and make sure they are happy.
1/ Align benefits with employee priorities. Last year, 45% of employees left their jobs because they needed to take care of family. Yet, most companies, still don’t offer childcare benefits. Employers who have been successful at retaining employees, restructure compensation packages and consider benefits that help create better work–life balance. Rollfi even has licensed benefits agents to guide you through the process.
2/ Listen to your workers. Rollfi was created so employees and employers would have more flexibility in payroll and compensation. We make it easy to figure out what strategy works best for everyone. Sometimes it’s making more money, other times it’s getting access to benefits like mental health care or child services, or getting paid daily instead of bi-weekly. It's about personalizing packages for specific employees rather than using a one size fits all solution that's been the standard in the past.
3/ Find nontraditional talent and those who aren't in the workforce at all. Source talent from your social media followers, referrals from friends, and don’t be afraid to take a chance on someone from a non-traditional educational or professional background. They may not be the perfect employee on paper, but if they have the potential to grow into a key contributor they'll be more loyal to you in the long run.
The bottom line: Research suggests executives aren’t listening to their people enough. If you want to keep your employees, you'll need to change that. Include them when you e evaluate your retention process, compensation structure, and company "culture."
Crypto GPT
The biggest name in tech isn’t a person, investor, or a company.
It’s 3 letters: G - P - T
No one knows what it stands for, but it’s provocative.
GPT just merged with the most controversial name in tech - Crypto - to create a new project called, Crypto GPT.
CryptoGPT is a zero-knowledge layer 2 blockchain network that just raised $10m at a $250m valuation. Co-founder and CTO Dejan Erja said,"[You can] use our [CryptoGPT] apps in fitness, dating, games and education. [We] capture and package data. Own your data and earn from selling it.”
Even though the project seems promising on paper, this thing has more red flags than an anonymous Tinder profile:
Lead investor, DWF Labs, isn’t well-known in the crypto community and they’ve only invested $420k of the $10m.
Jamila Jelani was named the founder and CEO of the project. Then her title changed to “marketing personnel” before getting taken off the website completely.
The company says they have 2m users, but they don’t even launch their main net until the third quarter of this year.
Yano, the founder of Blockworks, says he wouldn’t touch it with a 10ft pole.
Gut take: CryptoGPT is an outright scam
I wouldn't touch it with a 10 foot pole 🧵
— Yano 🟪 (@JasonYanowitz)
10:39 PM • Apr 10, 2023
Launching a token, putting a bunch of buzz words together, and selling it to the public may have worked in the bull market, but nowadays, ... you gotta do a little better.
Bitcoin Easter Egg in Your Mac
Who doesn’t love a good easter egg?
And We’re not talking about the kind you find in your basket on Sunday morning.
We’re talking about the video game, movie kind. The kind that shows up in the form of Starbucks cup in a Game of Thrones episode.
I guess someone at Apple also loves Easter Eggs. Because last week we found out the Bitcoin white paper is encoded into every Mac since Mojave. To pull up your version of the whitepaper go to your Mac, open up the Terminal application, and paste this code:
open/System/Library/Image\Capture/Devices/VirtualScanner.app/Contents/Resources/simpledoc.pdf
Voilà. It’s that simple.
We still don’t know who did it and why. Is Tim Cook a Bitcoin whale? Was it a rogue engineer? Does Satoshi Nakumato hold a PM role at Appple?
Maybe we’ll find out one day, but we're going to enjoy the Easter Egg while we can.
Make sure your employees get to choose how they want to get paid.
Rollfi allows you to pay employees in crypto anytime, anywhere, and anyway they want.
If you let Rollfi handle your benefits WE do your payroll for free.
Request a demo today👇
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Rollfi Inc does not guarantee and is in no way responsible for the accuracy of information provided in this message. All information is provided “AS IS” and with all faults. Data presented here may not reflect all activity in the market.