When you start a new business and hire your first employees, health benefits are not at the top of your list. You’re focused on fine tuning your business plan and generating revenue. However, as your company puts down its roots and starts to grow, there comes a time when health benefits become a consideration.
Just as your business moves through stages of growth and development, products and services undergo a cycle of life from development to decline. Knowing where each of your products stands in the product/service lifecycle is crucial to the ongoing success of your business. Ignoring this process leads to a decline in sales and the loss of clients.
In a recent article, we talked about job-related frustrations experienced by employees. Those frustrations included “not sharing about salary and benefits”, and “not having a culturally diverse and gender diverse leadership teams.” In this article, we are addressing the consequences of those mistakes and others—employee turnover.
The data is conclusive. Blogging rules! With 329 million people reading blogs at any given time, studies show that 70% of readers would rather learn about your product or service through blogs rather than ads. (Corporate Executive Board). Let’s face it…329 million people can’t be wrong.
As a small business owner, the ideal situation is to recruit and retain top quality employees who feel satisfied with their work, positive about their pay, and have a desire to be long time contributors. You want them to feel loyal to your company and advocate for your small business. Individuals like these are the ones to get and keep! So how do you make that happen?
What do a confessor, defense attorney, and business coach have in common? Turns out, it’s plenty! Just like a rabbi or priest, a business coach gets a unique look into the minds of entrepreneurs—confidentially, of course.
Like many other areas of life and business, human resources has a unique life cycle. However, instead of focusing on the biological aspects of development, the HR life cycle involves the stages employees go through and the role HR takes on during those stages.
