Share This: According to the Society for Human Resource Management (SHRM), the average cost of hire is $4,129 and the average amount of time to hire a new employee is 42 days. Up to 20% of employee turnover happens within the first 45 days. According to an article in[…]
Share This: Employee turnover is one of the biggest costs to a company. Sometimes it may be caused by bad hiring practices such as recruiting bad talent that does not match the position or overlooking certain things to make someone fit. However, voluntary turnover (resignations) from your top and best[…]
Share This: According to Gallup’s State of the American Workplace report, employee engagement is defined as “those who are involved in, enthusiastic about and committed to their work and workplace.” In a recent survey, only 33% are actively engaged in their work. The workforce is changing and to recruit and[…]
Share This: Tedious. Laborious. Honest. Blunt. These are all adjectives used to describe exit interviews. Most employers do not conduct exit interviews because of the adjectives above. All employers should conduct exit interviews because of another adjective: adapt. If you’re not finding value from exit interviews, you’re not doing[…]
Share This: Your employee handbook can be the backbone for your business if it is written clearly and concisely. Employees want clear expectations now more than ever. If a handbook is well written, the employee will see that the employer is consistent and there are no surprises. Once you find[…]
Share This: Reviewing an employee’s performance can be something managers and employees dread the most. Why? For the manager, the conversation feels like it’s just another item on the to-do list. For employees, Jim Harter of Harvard Business Review wrote, “Performance management is often a source of great frustration for[…]
Share This: Running your own business entails many financial responsibilities, especially when it comes to what you provide to your employees. No matter how wonderful your business idea, you may only be as successful as the people you employ. This means offering competitive wages, as well as benefits. For many[…]
Share This: Here are the best articles we found in the month of February on the topics of Entrepreneurship and Small Business: 4 Viral Strategies That Grew Billion Dollar Companies Airbnb. Dropbox. Slack. We call them unicorns, but the fact that these former startups with $1B+ valuations are becoming less[…]
Share This: A 2015 Gallup poll shows that in the United States over 50% of employees are not engaged, and 17.2% are actively disengaged. So how do you motivate people when over half of them are not engaged in the work place? Dan Pink in his book Drive, makes a[…]