With the current economic crisis, businesses are facing some of the toughest times ever in over a decade. What’s worst is that when a business crumbles, everyone around suffers. Employees get laid off, and creditors don’t get paid. It’s a ripple effect. But there’ a silver lining to every negative turn. The businesses that can […]
Hiring
Six Challenges Your Small Business Should Not Overlook, Especially During a Crisis
Life is hard during this unprecedented time for small and medium sized businesses (SMEs). Profit margins can be tight, competition can be fierce, and the decisions you make can make or break the company. But there are some challenges that it is all too common for SMEs to overlook, or not put enough weight of […]
Over-Promoting Employees: Recalling the Peter Principle
Remember the Peter Principle? Funny how good messages come back in new forms after years of languishing out in the ether. Dr. Laurence J. Peter in The Peter Principle: Why Things Always Go Wrong wrote in the early 1960’s of the “lateral arabesque,” describing how companies promote incompetent employees sometimes by sending them to another department or […]
4 Underlying Ways to Revive the Lost Art of Relationship-Building with Customers
Technology has provided businesses with unprecedented advances. But even in this digital age, personal relationships are critical to building trust and loyalty with customers. Despite all the tech advancements, the disruptive force happening in business today is relationship building. Emphasizing the customer satisfaction component of business will only become more advantageous, given that by 2025, AI […]
3 Big Red Flags to Watch for When Reviewing Resumes
If your team is growing, it’s likely you’ve already looked at a few resumes. If you’re anything like the common recruiter, you’re only reviewing applicants’ resumes for 6 seconds before judging them and making a decision. Here are 3 resume mistakes that indicate you should eliminate an application from your consideration. No customization? Don’t follow […]
3 Considerations When Hiring Your First Employees in an LLC
As an entrepreneur or small business owner, you’re always striving for growth and success. It’s part of the game for you. When you’re working, you’re always thinking ahead to the next big choice, or amazing strategy that will really set you apart from your competitors. As your business grows and you see an increase in […]
The Growing Problem of Employee Turnover
Reducing Turnover with Better Benefits Employee turnover is a costly problem and that cost is on the rise. Currently turnover costs $600 billion annually, but by 2020 that figure will balloon to $680 billion. What’s behind this rising business cost and what can businesses do to prevent it? The Strength of the Jobs Market is […]
Should Your Small Business Hire Recent College Grads?
Most people know how unpredictable the future feels when you’re a new college graduate. 33.4% of the US population has a bachelor’s degree or higher. Many college graduates are starting their careers, entering a job market with a current historic low unemployment rate at 3.7%. The question is if you want your small business to […]
4 Strategic Hiring Tips for SMEs to Beat the Tight Global Labor Market
Right now, economies all around the world are still performing reasonably well. At the same time, though, recession fears have started to ripple across the world, fed by an unstable global political climate. All the while though, businesses have to go on working, trying their best to account for the uncertainty. That’s no easy task. […]
Hire for Your Core, Partner for the Rest
A trend for businesses large and small There is a major trend shaping up that is worldwide, already identified by hundreds of thousands of startup and small business CEO’s. By carefully recognizing and focusing upon the very core of the business, these CEO’s are allocating their scarce cash resources to hire the best talent they […]
