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...]
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...]
Professionals are claiming that Agile Training is not only changing their business but it is changing the way their employees are working. Training in business is becoming just as important as other staff benefits such as wages and holiday allowance. Staff which are trained are happier and most importantly – informed. The Agile methodology began as a way of looking at … [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...]
Jeff Wilson, creator of the Ultimate Hiring System, is the guest on this edition of Monday Morning Radio. Employee turnover is a problem in many businesses, large and small. A recent study has shown that only 19% of new hires are considered “successful,” making it important for small business owners to learn strategies that will help them hire the right people for the right … [Read more...]
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