Research by the Society for Human Resource Management (SHRM) show that average cost-per-hire is over $4,100 for most positions. The SHRM also found that the annual turnover rate is 19 percent and the termination rate is eight percent. Having an effective discipline policy is the best way to minimize hiring
Previously, we shared our thoughts on how outsourcing your company’s Human Resources department to a professional firm can save you money. Besides coordinating your employee’s healthcare benefits, payroll and retirement plans, the company can also recommend affordable solutions for each one. Below are some additional ways an outside Human Resources
Every entrepreneur is passionate about their business. Your love for what you do is what drives you to strive for excellence every day. However, there are many responsibilities – like human resources – that come with being a business owner that may not be as enjoyable. Luckily, many companies are
Forbes magazine gloomily states that 90 percent of startups fail. This could be because of imperfect products, poor planning and a lack of continuous improvement. Forbes magazine also states that successful entrepreneurs don’t work in their business, but on their business. An easy way to improve a company’s efficiency and
Is your business the kind off place where people want to work? How do you know if you have fostered a company culture that leads to happy and ultimately more productive employees? Here are a few questions to ask yourself. Does Your Business Foster a Culture of Contributing? A good
One of the leading business magazine recently stated that approximately 85 percent of all companies outsource at least a few HR functions. Keep reading to learn the motivation behind this growing trend and how it will benefit your organization. Affordable Advantages The leading reason behind the switch from in-house HR
What makes a good human resources professional? What sets them apart from the others? If you are a business owner, looking to outsource your human resources department, you have likely asked this question. With this in mind, let’s take a look at the traits that make a good human resources
Springtime is a time of change in nature, with the days getting longer, flowers blooming, and baby animals appearing all around us. If you’re feeling motivated by the new season to reevaluate and make changes in the new season, spring is a wonderful time! One positive change you can make
The days of a tiny HR department with one or two employees are behind us. As workplace culture becomes more important, and businesses adapt to create the best work-life balance to get the most from their employees, HR is perhaps more important than ever. That said, traditional HR departments are
It’s a new year, and your company has new goals and a fresh budget to work with. If your company is expanding, one of the questions in your mind might be whether you should be adding a human resource department. This isn’t always an easy decision, since adding HR creates
