$8,606 – that’s the cost of turnover for the average employee according to a study by human resource management expert Dr. Wayne Cascio. His study details the price tags on separation, replacement and training of the new employee. Recently, many experts have begun to suggest the expense of replacing staff can be as costly as three times the original..
Social media marketing is the way of the future and many businesses are already tapping into that gold mine. You merely have to log into Twitter or Facebook to see suggested pages or promoted tweets that advertise businesses and their services or products. Businesses of all sizes, but especially small and mid-sized businesses, can use..
Our parents tell us that working hard is what we need to do to become successful and rich. While that reminder may be true, work doesn’t always mean you’ll achieve financial success. Just look at the people who are featured in this infographic. Some of them are world famous names who never really got financial..
Annual reports. They’re mandatory LLC paperwork but not exactly glamorous. While your shareholders, stakeholders and board members will expect one, the production of the annual report has long been considered a necessary evil rather than a valuable exercise in itself. But with a bit of a change in attitude, the process of pulling together your..
From creativity to the potential for high earnings, there are many positive aspects of creating a professional landscaping business. However, this field does require a great deal of knowledge and experience if you want to enter the job market and become successful. Client-facing knowledge Before the creative aspects of landscape design even come into play,..
Employee retention is incredibly important in every company and business. When an employee leaves your company, he takes with him all the time invested in his training, as well as institutional knowledge. The loss of an employee also leaves a gap that another employee must fill until you can find a replacement. When an employee..
Hiring employees has come a long way since the days of sifting through paper applications, calling back the most promising applicants and setting aside hours to verify information on a résumé. Fortunately, more employers are taking advantage of social media, online tools and innovative software programs that make the hiring process easier and more efficient..
In a world where people have instant online access to information, whether for personal or professional use, too many companies are still running their payroll manually. Doing so takes up precious resources, wastes money and makes the task more difficult than it needs to be. With all the available technology, some businesses are still using..
Hiring new employees has come a long way since the days of sifting through paper applications, calling back the most promising applicants and setting aside hours to verify information on a résumé. Fortunately, more employers are taking advantage of social media, online tools and innovative software programs that make the hiring process easier and more..
Accountants can help businesses in a number of ways. They go far beyond simply preparing taxes and managing paperwork. If you are looking to invest, your accountant can help to ensure that you are making the right investments for your specific business needs. It’s a very real fact that almost all professional businesses will have..