Nov 1, 2024 | Employee management, Human Resources, Small Business
As a small business owner, you need to understand how an employee’s productivity lifecycle works. From the start of an employee’s career to its end, the ratio of labor cost to profit significantly changes. By understanding how this lifecycle shifts and how to track...
Nov 1, 2024 | Employee management, Human Resources, Small Business
Because of the war for talent, there is a shortage of skilled workers for many positions. In response to the labor shortage, some companies deliberately try to hire extra workers to ensure they have enough labor. However, there is also a danger of overstaffing. If you...
Oct 29, 2024 | Employee management, Human Resources, Small Business
As a small business owner, your direct and indirect labor are directly related to how profitable your company is. If you aren’t efficiently using labor, you won’t be able to produce the goods and services your clients need. To learn more about the connection between...
Oct 28, 2024 | Company Culture, Employee management, Employee Retention, Human Resources, Small Business, Talent Management, Work Culture
Are you helping workers achieve their career goals? If not, you could be missing out on a powerful HR tool. A career journey isn’t a path that contains a defined end. It includes rich learning experiences, detours, and opportunities for growth. Beyond enriching the...
Oct 28, 2024 | Employee management, Human Resources, Small Business
Many businesses focus solely on revenue growth, but this approach carries many downsides. Growing revenue only matters if it helps you add to your company’s profits. Sometimes, companies increase revenue without considering the added labor costs incurred. Once...
Oct 23, 2024 | Company Culture, Employee management, Human Resources, Small Business
In the United States, there are currently 8 million available job openings. However, there are only 6.8 million unemployed individuals who can fill these openings. The limited supply of labor is a problem for employers. Unfortunately, this labor shortage is only...
