The issue of employee empowerment becomes more and more discussed every year. This topic isn’t simple. They must be able to share their ideas, however, few business owners can implement this approach in a right way. Most often, employees are willing to participate more actively. They know how they’d like to change policies and what working environment they want to create. On … [Read more...]
With thousands of companies within the industry, your aim is to have your business at the top-of-mind when the top employees are looking to attain a position within the field. Ultimately, you wish to accumulate the best potential employees into the company’s candidate pool. Here are 6 great ways to attract the best employees for your company. Attractive Work Culture To … [Read more...]
More and more companies are seeing the benefits of offering their employees company meals. This used to be something that was considered a huge waste of money. After all, it’s giving something away for free. In fact, studies have shown that the opposite is true and that companies actually reap rewards by doing so. Here are some of the ways that your business will benefit by … [Read more...]
Did you know that disengaged employees can cost companies as much as $500 billion every year? Even though better engagement can lead to a more than 20% increase in profitability, only one-quarter of businesses have an engagement strategy in place. Knowing this, it is vital for companies to devote more attention to employee satisfaction and retention. However, typical worker … [Read more...]
With a smaller number of staff, the contribution of every employee in an SME is critical. According to a study, employees of small businesses are working an average of eight extra hours unpaid every week at work and home. The main reason for SME workers doing so many extra hours is to keep up with the volume of work, followed by pressure from their manager and more … [Read more...]
On August 12th, 2016, Catalyst published a list of somewhat frightening statistics about employee turnover and retention. Among them are: In 2015, 33.4 million U.S. employees left their jobs. Voluntarily. An additional 37 percent are considering taking this same action themselves. For each employee that must be replaced, it costs the company roughly 21.4 percent of … [Read more...]
The Kaiser Family Foundation reports that, in 2015 approximately 147 million people (63 percent) were covered by employer-sponsored health insurance, costing business owners roughly $12,591 per employee for family coverage for the year. This amount is up from $8,167 in 2005, highlighting the fact that employee healthcare is costing small business owners more money than … [Read more...]
Under the Affordable Care Act’s Employer Shared Responsibility Provisions, employers with at least 50 full-time employees (including full-time-equivalent employees) during the preceding calendar year must offer “minimum essential coverage that is ‘affordable’ and that provides ‘minimum value’ to their full-time employees (and their dependents).” However, a number of small … [Read more...]
According to the Bureau of Labor Statistics, between 2.7 and 2.8 million people quit their job every month (yes…million). This is a trend that has been showing an increase since the country’s recession ended, and the industries hardest hit by workers who are choosing to leave their jobs include hospitality services (food and accommodations), government, and education. While … [Read more...]
When you have worked hard to establish and build your small business, why in the world would you consider sharing the ownership of that business with your employees? The answer is the same answer you use in making your other business decisions—it could be good for business. First, the term "ownership" can be confusing. It is important to understand that offering your … [Read more...]
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