Thanks to an increasing skill gap, lack of interest in training, and employee turnover due to lack of proper training, businesses are losing $13,500 annually for every employee that gets trained. This number does not look surprising considering only 12% of learners apply the skills they obtain during training to their day-to-day tasks. As corporate […]
Run and Grow
Firing an Employee
If you’re reading this, you’re likely in a difficult situation already—you’re trying to figure out how to fire one of your employees. This isn’t an easy task. You’re likely reviewing their performance, thinking about your own decisions, and trying to figure out what went wrong. Once you’re sure this is the course you want to […]
How the Right Employees Have an Innovation Advantage
Conventional business wisdom tells us that entrepreneurs are today’s main source of innovation. We see the stories of young founders leaving college with a big idea, going to work in their garage, and building something that changes the world. We hear about corporate employees, strangled by slow-moving bureaucracy, that are blocked from making transformative discoveries. In fact, […]
Big Changes Are Afoot in Bay Area Property Market
The Bay Area has been hamstrung by a series of problems in recent years, notably excess demand for housing owing to the rapid and unprecedented growth of Silicon Valley hiring. Over the years, housing prices have increased markedly with a median home price of around $1 million being the norm. This reflects a significant upturn […]
3 Ways to Convince a Demoralized Employee to Stay
There comes a time in many employees’ lives when they feel it is time for them to move on. This may be as a result of that employee’s desire to take on a new career path, or they may have personal or family obligations that require them to leave their position. In cases like these, […]
7 Employee Retention Strategies That You Can Apply Today
Savvy business owners know it costs 5x – 6x the amount to acquire a new customer than to retain an existing one. This rings true for hiring and employee retention as well. A report by the Center of American Progress found the average cost to replace an employee varies from 16% up to 213% depending on the employee’s compensation level. In […]
Fraud is Everywhere: How to Ensure Your Small Business Stays Away from It
Whether you’re a fledgling entrepreneur, a business student or a business owner, now is the time to learn how to protect yourself from fraud. Fraud is a considerable problem for entrepreneurs. When malicious actors gain access to sensitive business data, the outcome can prove catastrophic. You can prevent a cyber breach from resulting in more […]
Australia’s Small Businesses Are Struggling. Here’s How Accessible Financing Can Help
Australian small businesses have been struggling as a result of the struggling macroeconomy. The Coversation’s 2019-20 forecasts predict that economic growth will be at its weakest since the 2008 financial crisis. Many SMEs are experiencing dips in sales, cash flow problems along with an expectation that it is about to get worse. What can they […]
3 Free Tools for Small Business Owners with Hourly Employees
Whatever your business’s budget for office tools, it’s always nice to hear the word “free.” It’s not that you mind paying for something you need, but high prices better come with significant value. But it’s nice when you can employ a free tool, or even a free trial, to help you narrow down the kinds […]
The Millennial Workforce is Reshaping Healthcare
Traditionally speaking, and since the 1940s, American employees held the general expectation of receiving health care through employment. These expectations are quickly fading as younger generations are remodeling the job market and the way we work. The increasing stability of the gig economy has also influenced the shift in the job economy. Because of this, […]
