The reason 40% of employees quit their job at a particular business is the lack of professional growth or potential for professional growth. At the same time, enterprises that are losing valuable human resources continue to save on training and continue with a low-skilled workforce. Though its role is underestimated, the learning and development (L&D) process within … [Read more...]
When you’re running a business and managing a workforce, there are numerous human resources tasks you need to know how to handle. For example, you require the ability to advertise roles, shortlist candidates, and interview people effectively, plus set new team members up correctly as employees. However, to get the most out of your team and achieve the best results for your … [Read more...]
Promoting your organization’s values won’t just make you attractive to customers, but your staff will want to remain with you too. As external customers have become more and more informed, promoting your Corporate Social Responsibility policy is of increasing importance. According to research from Cone in 2017, 76% of customers would refuse to buy from a company who … [Read more...]
Do you have your eyes on a business for sale? You’ll need to do your due diligence, meaning your research process needs to be very thorough. In evaluating any business for sale in Miami you’ll need to check its financial statements, the overall economic stability in the industry, the asking price, among other things. However, despite this analysis, there are some areas that … [Read more...]
Professional employees are an asset for every company. Those people make your business flourish by carrying out high-quality work. However, as more and more opportunities arise on the job market, it’s become easy to have your best employee lured away by competitors. Keeping good employees from leaving the company is simple when you have a flexible mindset and know how to manage … [Read more...]
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...]
In an era where young workers are no longer concerned about long-term employment with a specific company, maintaining a high employee retention rate can be challenging. An organization that can sustain its staff long-term reaps benefits such as utilizing fewer resources and time needed to retrain staff, higher production rates, and an overall improved image . Continually … [Read more...]
According to the U.S. Bureau of Labor Statistics, over 50% of start-up businesses fail within five years. Although this statistic may seem staggering, rarely is it a significant concern to anyone seeking to start a new business venture. Research has proven that the primary reason for the majority of startup failures simply comes from lack of planning, resources, and fundamental … [Read more...]
Do you have someone (or several someones) working for your company that you’d do almost anything to keep? Maybe they have a knack for dealing with your customers, or perhaps they have a way of getting your suppliers to go the extra mile. Whatever it is that makes them invaluable to you, the last thing you want to do is lose them to your competitors—something that some of them … [Read more...]
Happy employees are the key to a successful business. Employees that are happy tend to look forward to coming to work, which doesn’t just boost morale among coworkers, it also make the customer look more favorably upon an establishment. That’s why it’s important that, every so often, you show your employees that you appreciate them. An employee that feels appreciated is … [Read more...]
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