Michael Sinensky

expert panel

Artificial intelligence has worked its way into our everyday lives, and in doing so, has given businesses in many industries a chance to leverage it for better marketing opportunities and smoother operations. Each year, new developments are being made with artificial intelligence and automation that businesses can use in various innovative ways. The year 2022 promises to follow in the footsteps of its predecessor and start with a whole new realm of possibilities for artificial intelligence and automation. Below, nine professionals from Young Entrepreneur Council weigh in with their predictions of the roles artificial intelligence and automation will play in business this year.

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Investing in employee training and development is a great retention tool to ensure continued growth within your company. In the era of the “Great Resignation,” every employer is wondering how to hang on to their best employees. One smart approach is encapsulated by Richard Branson, founder of the Virgin Group, who once said, "Train people well enough so they can leave and treat them well enough so they don't want to."  The two key lessons in this mantra are that employers should invest in employee development and also give them a supportive, collaborative environment in which they can fully utilize their skills. This type of workplace, whether in person or virtual, promotes employee loyalty and continued long-term growth within the company. Below, a group of business leaders shared their interpretation of Branson's quote with some practical tips for boosting retention through training initiatives.

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The new year always brings with it the desire to make changes and resolutions that will better both yourself and your company. It can be exciting to look back at all that you've achieved in a year and look ahead to what else you can do in the future. Maybe there are certain projects your team didn't get to that you hope to complete, or goals you didn't quite reach that seem even more achievable now. While "new year" projects are an exciting prospect, it can also be overwhelming to try to accomplish so many new goals and initiatives at once. Below, nine Young Entrepreneur Council members shared their best advice for prioritizing and planning during Q1.

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Some of the best parts about having a small business are the benefits that it brings to employees: more equity, a hand in the decision-making process and smaller teams, just to name a few. Although the successful growth of your business is something to celebrate, day-one employees may eventually come to miss the small business feeling that they signed on for. To that end, members of Young Entrepreneur Council (YEC) weighed in on the following question:

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Members of Young Entrepreneur Council offer ways professionals can leverage social media when job hunting. Social media plays a big part in all our lives, including our work. Many employers have been known to research potential hires online before committing to a hiring decision, and so what candidates post to their social media profiles can either have a positive or negative impact on their prospects. But candidates can also take control of their job search by using social media to their advantage. To explain, a panel of Young Entrepreneur Council members discuss 12 ways professionals can leverage social media to find the right job for them.

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Employees aren’t the only ones who can receive feedback about their performance at work. As a manager or business leader, it’s important to receive feedback from your employees so you can understand how you’re doing and what you need to do to improve. While every manager hopes for positive feedback, they may still receive negative feedback from time to time, and it’s how they respond to that feedback that can really make the difference. If an employee thinks you're not performing at your best and lets you know about it, there are some steps you should take to address the complaint the right way. Below, eight members of Young Entrepreneur Council explained what leaders should do after they receive negative feedback.