Every employer knows that an employee benefits offering is an essential part of having workers. But not every employer approaches their benefits offerings as a strategic approach to getting and keeping great employees.
Statistically, it is being seen that broader benefits packages are on the rise and the trend is growing. For example, the Society for Human Resource Management (SHRM) conducted its annual survey of U.S. employers in early 2018. The survey determined, among other insights, that in just one year employers have increased benefits offerings in three times as many benefits as previously assessed.
Read More
Topics:
health insurance,
bonuses,
workforce management,
benefits,
wellness
Business owners are always striving to keep costs down while looking to generate greater profits. But one of the areas of cost that is often miscalculated is the cost of employee turnover. And it is greater than you think.
According to work management company Wrike, employee turnover is costing U.S. companies over $160 billion a year. And Harvard Business Review notes that high performing employees can deliver up to 400 percent more than the average co-worker. Consequently, the loss of a high performing worker can vastly increase the costs that result from their departure.
Read More
Topics:
HR best practices,
recruiting and hiring,
employee onboarding,
employee turnover,
workforce management
Every business must recruit and hire employees, especially when that business is growing. Because hiring employees is such a major investment and risk, smart employers are always looking to improve their approach.
Hiring new employees is a critical part of being a business leader, and it involves much more than simply looking over resumes and conducting interviews. The truth is that hiring good employees can make or break your business.
Recruiting new hires involves risk management, as well, since the investment in time, resources and money can be quite high with each new employee hired. In addition, you have to manage the expectations of the candidates along with that of management and even the prospective employee’s co-workers.
Unfortunately, there are many mistakes and oversights that employers can make that could deter good candidates, or lead to poor hires.
Read More
Topics:
recruiting and hiring,
hiring trends,
new hire,
employee turnover,
workforce management
Improving economic indicators, lowering unemployment rates, and a notable surge in business growth and expansion means more hiring. But, for many companies, the hiring process could use some help.
In larger companies, the HR staff is often responsible for a number of the recruiting and hiring functions for new employees. While there are some aspects of these functions that are fairly universal and never really change, there are other aspects that should change or even be added to the process.
Read More
Topics:
HR best practices,
recruiting and hiring,
new hire,
employee turnover,
workforce management
Businesses exist to provide a product or service to their customers. And most businesses rely on employees to produce, manage, and deliver it. Which means that time and attendance is critical to an organization's functionality.
In addition, labor is also the single largest expense category for most small businesses. While it can vary drastically depending on the type of business, labor typically accounts for about 30 to 50 percent of the total cost of operations. Consequently, maintaining effective control of your payroll costs is a significant determining factor for a company's success.
Read More
Topics:
time and attendance,
employee time clocks,
overtime pay,
reporting time pay,
workforce management
