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5 Tactical Employee Retention Strategies for SBOs

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In today’s competitive job market, employee retention has become a top priority for organizations of all sizes. But what are the most tactical and practical ways to increase employee retention? Let’s dig a little deeper.

Try These Employee Retention Strategies

According to the Society for Human Resource Management (SHRM), it typically costs a company six to nine months of an employee’s salary to replace that employee. For perspective, that means it costs somewhere in the neighborhood of $30,000 to $45,000 in recruiting, training, and hiring costs to find and onboard an employee making $60,000 per year. 

“Some employees find better paying jobs while others go back to school. Sometimes it’s their choice and other times they follow a spouse who’s been transferred to another state,” Enrich explains. “Whatever the reason, it has been well documented that employee turnover is costly and disruptive.”

Thankfully, there are plenty of tools and strategies at an employer’s disposal for increasing employee retention. Here are a few:

  • Offer Better Salary and Benefits

Why do most employees leave? Robert Half’s data says 38 percent of employees move on to another job due to “inadequate salary and benefits.”

Thus, one of the most effective (and obvious) employee retention strategies is to offer a competitive compensation and benefits package. This includes not only a fair salary, but also perks like health insurance, retirement plans, and paid time off. 

By providing these benefits, you can show your employees that you value their work and are committed to their well-being.

  • Give Employees a Clear Path Forward

Make sure you’re providing clear opportunities for career growth and development. This can take many forms, including training programs, mentorship opportunities, and career advancement paths. When you invest in your employees’ professional development, you help them feel valued and motivated to continue growing within your organization.

  • Lead By Example

Offering benefits and development opportunities is only part of the equation. The role that managers and leaders play in employee retention cannot be overstated. In fact, a recent study found that 75% of employees who voluntarily left their place of employment did so because of their direct superiors.

To create a positive and nurturing work environment, it’s important for managers to communicate openly and frequently with their team members. This includes offering regular and consistent feedback for a job well done. It’s also key for those in management and leadership positions to lead by example and communicate a strong commitment to the company’s mission and values.

  • Invest in Culture

As a business owner, you can support employee retention by fostering a sense of community and belonging within the workplace. This can be accomplished through various team-building activities, volunteer opportunities, and fun, inviting social events. 

By creating a strong sense of camaraderie and shared purpose, employees are more likely to feel connected to their colleagues and invested in the success of the organization.

  • Tailor Your Approach

Of course, not all employee retention strategies will work for every organization. It’s important to tailor your approach based on the unique needs and preferences of your team members. This may include conducting regular employee surveys to gather feedback on what is working and what could be improved.

You should also be proactive in addressing potential retention issues before they become major problems. This can include identifying employees who may be at risk of leaving and taking steps to address their concerns or provide additional support.

For Best Results, Know Your Employees

If you’re a small business owner, you know how difficult it can be to retain top talent. With larger organizations offering more resources and benefits, it can feel like an uphill battle to keep employees engaged and committed for the long term. But as you can see, there are a number of employee retention strategies that you can implement to help keep your team members happy and motivated. 

Ultimately, the key to successful employee retention is creating a workplace culture that values and supports its team members. By offering more competitive compensation and benefits packages, providing opportunities for career growth and development, and fostering a positive and supportive work environment, you can improve retention rates, bolster the bottom line, and build a strong and committed team.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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13 Reasons Investors Are Watching Phoenix Energy’s Expansion in the Williston Basin

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As energy security becomes a growing priority in the United States, companies focused on domestic oil production are gaining attention from investors. One such company is Phoenix Energy, an independent oil and gas company operating in the Williston Basin, a prolific oil-producing region spanning North Dakota and Montana.

Phoenix Energy has established itself as a key player in this sector, expanding its footprint while offering structured investment opportunities to accredited investors. Through Regulation D 506(c) corporate bonds, the company provides investment options with annual interest rates ranging from 9% to 13%.

Here are 13 reasons why Phoenix Energy is attracting investor interest in 2025:

1. U.S. energy production remains a strategic priority

The global energy landscape is evolving, with a renewed focus on domestic oil and gas production to enhance economic stability and reduce reliance on foreign energy sources. The Williston Basin, home to the Bakken and Three Forks formations, continues to play a critical role in meeting these demands. Phoenix Energy has established an operational footprint in the basin, where it is actively investing in development and production.

2. Investment opportunities with fixed annual interest rates

Phoenix Energy bonds offer accredited investors annual interest rates between 9% and 13% through Regulation D 506(c). These bonds help fund the company’s expansion in the Williston Basin, where it acquires and develops oil and gas assets.

3. Record-breaking drilling speeds in the Williston Basin

Phoenix Energy has made significant strides in drilling efficiency, ranking among the fastest drillers in the Bakken Formation as of late 2024. By reducing drilling times, the company aims to optimize operations and improve overall production performance.

4. Expansion of operational footprint

Since becoming an operator in September 2023, Phoenix Energy has grown rapidly. As of March 2025, the company has 53 wells drilled and 96 wells planned over the next 12 months.

5. Surpassing production expectations

Phoenix Energy’s oil production has steadily increased. By mid-2024, its cumulative production had exceeded 1.57 million barrels, outpacing its total output for 2023. The company projected an exit rate of nearly 20,000 barrels of oil equivalent per day by the end of March 2025.

6. High-net-worth investor offerings

For investors seeking alternative investments with higher-yield opportunities, Phoenix Energy offers the Adamantium bonds through Reg D 506(c), which provides corporate bonds with annual interest rates between 13% and 16%, with investment terms ranging from 5 to 11 years, and a minimum investment of $2 million.

7. Experienced team with industry-specific expertise

Phoenix Energy’s leadership and technical teams include professionals with decades of oil and gas experience, including backgrounds in drilling engineering, land acquisition, and reservoir analysis. This level of in-house expertise supports the company’s ability to evaluate acreage, manage operations, and execute its long-term development plans in the Williston Basin.

8. Focus on investor communication and understanding

Phoenix Energy prioritizes clear investor communication. The company hosts webinars and provides access to licensed professionals who walk investors through the business model and operations in the oil and gas sector. These efforts aim to help investors better understand how Phoenix Energy deploys capital across mineral acquisitions and operated wells.

9. Managing market risk through strategic planning

The energy sector is cyclical, and Phoenix Energy takes a structured approach to risk management. The company employs hedging strategies and asset-backed financing to help mitigate potential fluctuations in the oil market.

10. Commitment to compliance

Phoenix Energy conducts its bond offerings under the SEC’s Regulation D Rule 506(c) exemption. These offerings are made available exclusively to accredited investors and are facilitated through a registered broker-dealer to support adherence to federal securities laws. Investors can review applicable offering filings on the SEC’s EDGAR database.

11. Recognition for business practices

As of April 2025, Phoenix Energy maintains an A+ rating with the Better Business Bureau (BBB) and is a BBB-accredited business. The company has also earned strong ratings on investor review platforms such as Trustpilot and Google Reviews, where investors often highlight clear communication and transparency.

12. A family-founded business with a long-term vision

Led by CEO Adam Ferrari, Phoenix Energy operates as a family-founded business with a focus on long-term investment strategies. The company’s leadership emphasizes responsible growth and sustainable development in the Williston Basin.

13. Positioned for long-term growth in the oil sector

With U.S. energy demand projected to remain strong, Phoenix Energy is strategically positioned for continued expansion. The company’s focus on efficient drilling, financial discipline, and structured investment offerings aligns with its goal of building a resilient and growth-oriented business.

Final thoughts

For investors looking to gain exposure to the U.S. oil and gas sector, Phoenix Energy presents an opportunity to participate in a structured alternative investment backed by the company’s operational expansion in the Williston Basin.

Accredited investors interested in learning more can attend one of Phoenix Energy’s investor webinars, which are hosted daily throughout the week. These sessions provide insights into market trends, risk management strategies, and investment opportunities.

For more information, visit the Phoenix Energy website. 

Phoenix Capital Group Holdings, LLC is now Phoenix Energy One, LLC, doing business as Phoenix Energy. The testimonials on review sites may not be representative of other investors not listed on the sites. The testimonials are no guarantee of future performance or success of the Company or a return on investment. Alternative investments are speculative, illiquid, and you may lose some or all of your investment. Securities are offered by Dalmore Group member FINRA/SIPC. Dalmore Group and Phoenix Energy are not affiliated. See full disclosures

This article contains forward-looking statements based on our current expectations, assumptions, and beliefs about future events and market conditions. These statements, identifiable by terms such as “anticipate,” “believe,” “intend,” “may,” “expect,” “plan,” “should,” and similar expressions, involve risks and uncertainties that could cause actual results to differ materially. Factors that may impact these outcomes include changes in market conditions, regulatory developments, operational performance, and other risks described in our filings with the U.S. Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and Phoenix Energy undertakes no obligation to update them except as required by law.

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