April 2022 – Croixstone

The Charlotte Ledger 40 Over 40 Awards Celebration

The Croixstone team is joining The Charlotte Ledger and U.S. Bank on Thursday evening, April 28, to celebrate this year’s honorees of local Charlotte unsung heroes aged 40+ who are doing great things in our community. We are looking forward to a fun night honoring The Charlotte Ledger’s amazing 40 Over 40 winners from 2020, 2021, and this year.

The honorees from 2021 include our very own Patti Weber, CEO and co-founder. Read more about Patti here.

Congrats to 2022’s winners! We look forward to seeing you on Thursday!

Reimagine the Way You Give

Almost 7 years ago, our co-founders Patti Weber (CEO) and Mark Weber (Managing Partner) were seeking a new way to put their skills and interests to work in a meaningful way to give back in their home city of Charlotte, NC.

That search led them to an exceptionally unique nonprofit called Social Venture Partners International (SVP), an organization with a network of 3,400 philanthropists in more than 40 cities around the world. These philanthropists, called “Partners”, help those out to do good to do better – by bringing together donors, nonprofits and social enterprises so together all can make a greater collective impact.

SVP Partners practice what is called “engaged venture philanthropy.” Venture philanthropy is a type of impact investment that takes concepts and techniques from venture capital finance and business management and applies them to achieving philanthropic goals. SVP Partners invest money, time and skills in promising, up and coming nonprofits in their local communities.

The Charlotte Affiliate of SVP is seeking to welcome new Partners who relate to the concept of engaged venture philanthropy. Learn more about SVP Charlotte here, and/or reach out to Mark Weber, who volunteers on the SVP Charlotte Board, at mweber@croixstone.consulting.

The Power of the Stay Interview

The Bureau of Labor Statistics reported that 4.4 million people quit their jobs in February 2022 – another near-record high. The Great Resignation continues to spotlight the people risks that today’s leaders face as valuable employees continue to submit their resignations in this exceptionally tight labor market.

Sure, there is value in conducting exit interviews to gather insights and data to understand the reasons why talented employees are leaving. But why wait for the resignation to take place?

A powerful, yet vastly underutilized tool to get ahead of the resignation email, is the “stay” interview. A recently published article by Harvard Business Review (HBR) argues that managers should spend just as much time understanding why employees choose to remain in their jobs as they expend learning why they are departing.

We like the practical and easy-to-implement advice that HBR shared to implement stay interviews. HBR recommends that you fold stay interviews into existing one-on-one meetings with your employees or minimally consider conducting them monthly. HBR further suggests that you ask the following four questions that address common retention issues:

What’s your frame of mind today?
Who do you feel connected to at work?
What barriers can I remove for you?
What new thing to you want to learn that will excite you and help you grow?

Read the HBR article here.