Capitalism as it is practiced today is designed to destroy the two resources it needs to function – the planet and the people. Compassionate Capitalism may sound like an oxymoron AND it is the most powerful model we have for ensuring sustainable success - for ourselves, our businesses and our planet. Every organization has a “soul” or spirit that is its founding source. It is a non-replicable creative advantage that connects to literally everything. This connection is fueled by compassion and knowing how to access and leverage this unique “soul” is a crucial key to sustainable success for all life on the planet!
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Capitalism as it is practiced today is designed to destroy the two resources it needs to function – the planet and the people. Compassionate Capitalism may sound like an oxymoron AND it is the most powerful model we have for ensuring sustainable success - for ourselves, our businesses and our planet. Every organization has a “soul” or spirit that is its founding source. It is a non-replicable creative advantage that connects to literally everything. This connection is fueled by compassion and knowing how to access and leverage this unique “soul” is a crucial key to sustainable success for all life on the planet!
“Develop Your People, Don’t Try To Keep Them ”
Join me and my guest Mark Peters, CEO of Butterball Farms, Inc. (https://butterballfarms.com), recognized nationally as one of The Best and Brightest Companies to Work For® from 2018 to 2024. In 2003, he organized a West Michigan-based pioneering group of CEOs and community leaders to create The SOURCE, a nonprofit that has helped hundreds of workers navigate challenges interfering with their jobs. Their unique approach is based on realizing that the growth of their employees is intimately tied to the development of their businesses and communities. This has resulted in an average annual return on investment of 200 percent to its partner organizations.
SHOW NOTES
SPONSORED BY: Power of You!
Find out more at https://leader.blainebartlett.com/power-of-you
Summary
In this episode, Blaine interviews Mark Peters, CEO of Butterball Farms, discussing the essence of employee engagement and retention. Mark shares insights from his book, The Retention Trap, emphasizing the importance of investing in human capital and creating a supportive work environment. Mark's approach challenges traditional notions of employee retention. Instead of merely keeping employees, the focus shifts to nurturing talent, even if it means preparing them for opportunities beyond the company. This holistic view of business as a steward of talent leads to dynamic enterprises and thriving communities. Mark also discusses the formation of a talent network (The SOURCE) among small businesses to enhance employee development and retention, ultimately redefining the purpose of business as a means to uplift individuals and communities.
Takeaways
Employee engagement is the Holy Grail of business.
Investing in human capital leads to resilient businesses.
The soul of business is about making the world better.
Retention should focus on the right people, not just keeping anyone.
Creating a talent network can help small businesses thrive.
It's okay for employees to seek growth outside the company.
The ROI of investing in people can be multi-generational.
Business should uplift individuals through their work.
Understanding employee aspirations is key to retention.
Proximity to employees allows for deeper relationships.
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Soul of Business with Blaine Bartlett
Capitalism as it is practiced today is designed to destroy the two resources it needs to function – the planet and the people. Compassionate Capitalism may sound like an oxymoron AND it is the most powerful model we have for ensuring sustainable success - for ourselves, our businesses and our planet. Every organization has a “soul” or spirit that is its founding source. It is a non-replicable creative advantage that connects to literally everything. This connection is fueled by compassion and knowing how to access and leverage this unique “soul” is a crucial key to sustainable success for all life on the planet!
