Any great business knows that the long-term success of any company is heavily dependent on worker quality and worker loyalty. As hard as it is to measure the full value of quality workers, we all know that whom you hire is very important. The economic cost of workers is staggering: they influence not only the hard numbers regarding a company’s profit – but also things that are hard to quantify like customer relations and customer satisfaction.
For businesses to thrive in today’s economy, finding and retaining rockstar employees is crucial. When turnover is high, employers face the increased costs associated with recruiting, hiring and training replacements. There are also the costs that are hard to quantify – declines in productivity, low morale, and damage to company culture.
< h3 class="p1">“Communication works for those who work at it.” – John Powell< /h3>
A global survey conducted in by Harvard Business Review found that effective communication is one of the top three success factors for businesses – but many companies have yet to develop tangible ways to meet this goal. Here are ten strategies you can put in place to work towards better communication at your organization:
You’ve probably read about this “war for talent,” and how it’s getting increasingly harder to find and hire so-called “rockstar employees.” With the job market making a turn in favor of the interviewee, employers searching for the best-of-the-best have discovered the job market is turning into an arms race.
Has your company been suffering from high turnover? Are you stumped on why many employees seem to be leaving their positions so often? Are you even having trouble attracting new employees? Read on to learn what you can do.
When you are running a business, there are quite a few administrative things that you need to take care of to help your business run smoothly and within the confines of the law. Whether its quarterly tax payments or submitting documentation and receipts to your accountant, there is a lot of paperwork to be done and forgetting to do specific paperwork can end up costing your business a lot of money. One of the areas that companies need to be concerned about, especially with the cost of noncompliance going up, is filing the proper paperwork with the Federal Government is the I-9.
According to stated that most workers in certain regions are expected to see their biggest pay increase over the next three years. Whether it’s due to inflation, legislature pushing for fair wages to match a rising cost of living, or businesses trying to keep good talent, you should be aware of the trends in wage increases and how that affects your compensation plans.
Making sure your employees are motivated and engaged in their work is one of the most important ways to ensure your business stays successful. A motivated workforce is a happy workforce, and a happy workforce will help your business grow. In this post, we’ll share a checklist you can use of best practices on how to create a motivated team.
More employees are quitting without giving notice, which leaves a business stuck with having to fill in the gaps quickly. Sometimes people, they feel like they’ve been mistreated, or a variety of other reasons.
These days, the question of how to manage Millennials in the workplace has taken center stage for a lot of growing organizations. Millennials have been getting a bad rap for the past several years, and are often described as lazy, unmotivated, and entitled. The problem is that these generalizations don’t take into consideration that perhaps Millennials need to be managed differently than other generations before them. Here, we’ll discuss some tips on how to manage Millennials in the workplace to ensure that your organization continues to grow successfully with its employees.