August Edition

Greetings and salutations cannabis enthusiasts!

Saving a company's culture, especially when it has been struggling or failing, is a challenging but essential endeavor. Company culture plays a crucial role in shaping the behavior, attitudes, and values of employees, which in turn affects overall performance, innovation, and long-term success. In this month's newsletter I articulate why its never to late to change a company's culture and provide some meaningful steps to get the process started. 

Also, Jason is breaks down the importance of Compensation Design via a short webinar interview with our illustrious CEO, David Belsky. Be sure to check it out.

– Mike

By Mike Siebold

I’m not much for dogma. Cannabis is a space where “new ways” can and should find footing and where “old ways” can be recalibrated and improved upon. Classical business methods feel dated, but they are also instructive and accessible. So, naturally, we try to find ways in which we can incorporate the old-old with the new-new. The time and pace of the space demand our full and immediate attention. So we must compromise by implementing the methods of the past in hopes that this new business paradigm will fix the past despite its appearance.

On rare occasions, I come across a book where “it just fits.” Tom Peter’s Extreme Humanism is a book that I’ve come to realize may very well be the perfect encapsulation of what being in business is all about (spoiler: it’s to help one another). Great business related books make you question not just the space you inhabit but also the person you are within it.

 So, for this article, I am going to focus on how culture shows us who we are in the space, what we should want for one another, and most importantly, how to reconcile a malfunctioning, malformed, or broken culture code via five easily digestible vignettes you can scroll through quickly so you don’t hurt your attention span.

Read the full article

Webinar

Implementing a well-designed compensation plan allows companies to attract top talent, ensure equitable pay, foster high morale, and promote growth within the organization. In this interview, we dive into:

• The biggest misconception about compensation
• How compensation is linked to overall employee satisfaction
• The risks companies take by not having a compensation philosophy
• The top 3 benefits of having a well thought out compensation plan
• The difference between a compensation guide and compensation guidance
• Why compensation design is critical for cannabis companies right now

Presented by Jason Desentz, Partner, FlowerHire HR Advisory

Moderated by David Belsky, CEO, FlowerHire

Click here to learn more about our compensation design service, built for cannabis.

Connect with us

FlowerHire Senior Advisors HR advisory and retained search focuses on the most challenging strategic leadership engagements for select cannabis operators for whom precision is everything. We focus on four key areas: 

• Strategic HR advisory
• Organizational design / Compensation
• Retained executive search
• Board of director search

Is your organization in need of strategic support?

Email us at HR@flowerhire.com