It’s no longer enough for businesses to simply put together an amazing team. The key to success and longevity in today’s competitive business environment begins and ends with employee retention. The financial implications of a high turnover rate, where the cost of training and recruitment is lost, are high. A recent CAP study found thatContinue Reading
Employee training and development programs contribute to a company’s success and those of its workers. They allow companies to remain capable and relevant when skills are needed, offering them an effective way of filling roles without looking to job markets. In addition, training can boost employee morale and productivity by allowing opportunities for growth andContinue Reading
For growing small businesses, the job of payroll administration and bookkeeping grows ever more weighty as they add more customers, expand their departments, hire additional employees and create new vendor relationships. Adding to the complexity is the fact that the larger a company gets, the more rules and red tape they will subject to justContinue Reading
Businesses today are faced with a complex challenge: how to hire the right people while having the confidence that they will be able to adapt and succeed in an ever-evolving workplace. Business requires visionary leaders who can make tough decisions, empower employees and pivot quickly. To secure and develop these leaders, businesses currently invest millionsContinue Reading
About 2.7 million Americans quit their jobs in May of 2015 — nearly two percent of the workforce — up by about a quarter since 2003. “Quits,” as termed by the Bureau of Labor Statistics, held steady at near 2 million month-on-month. Higher turnover isn’t necessarily a sign of a weakening economy. Employees who leaveContinue Reading
One measure of a great company that is often overlooked in the business world is the ability to create and preserve an environment of work-life balance. Sharply contrasting this ideal, many employees are being paid for 40 hours’ worth of work on a weekly basis, yet a 2014 Gallup Study found that Americans work an averageContinue Reading
For the American workforce, witnessing the United States unemployment rate spike sharply during the recent economic recession was anything but encouraging. The good news? After hitting a peak of ten percent in October of 2009, the national unemployment rate has decreased to 5.3 percent as June 2015. The bad news? That still leaves approximately 8.3 millionContinue Reading
According to a report by Harvard Business Review (HBR) Analytic Services on The Impact of Employee Engagement on Performance, employee engagement has become a priority for senior managers. These managers report that staff who are highly engaged are usually highly innovative and productive, which increases the the bottom line and reduces the costs associated withContinue Reading
Companies today are in a continual state of change to maintain competitiveness. As a result, new processes and variables find their way into the company and can change the dynamics of a company. Planning and anticipation are key activities for just about every phase of business, including dealing with the potential for employee injuries. AccidentContinue Reading
When employees or staff are out due to illness or injury, it can severely impact your business. The loss of productivity, need to hire a temporary replacement, and workers’ compensation or disability payments can take a toll on your bottom line and disrupt projects. A return to work policy can help mitigate these effects, allowingContinue Reading
To ensure the overall success of any small business, creating a comprehensive and effective human resources management plan is a critical component. The human resources department oversees many key functions of a business including recruitment and employee selection, training and development, benefits, employee relations and more. By creating an effective human resources management plan, youContinue Reading
As a business owner, you must master the art of juggling many different jobs at once, and being an HR manager is one of those jobs. When things are going smoothly, it’s easy to forget about all those HR-related tasks like workplace safety, risk management and benefit administration, but doing so could lead to costlyContinue Reading
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