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
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
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
When you have a clock-in-clock-out work environment, your employees are more likely to check out before the day is done. Give your greatest assets–your employees–a reason to stay invested in your company and their job by creating a workplace they enjoy being a part of. Here are four ideas to
In Human Resources, it’s important to hire candidates who are qualified and capable for the job. But even talented, hard-working staff occasionally encounter performance difficulties. Sometimes, employees have difficulties such as transitioning to new job duties or having challenges with one specific area of their job. When employees have continued
Hiring top talent is a challenge within itself, but what do you do with those employees once you get them on board? Priorities will center on maintaining and grooming employees for a successful career with your company. Achieving this is possible with a well-thought-out performance management system that thoroughly addresses
As a human resources professional, one of the ways you can boost employee spirits is to make special holidays fun for all employees. Valentine’s Day is coming up, and although this holiday typically gets associated with the romantic, it’s also a great time for demonstrations of platonic appreciation and caring for
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
