Blog posts tagged with "Small Business Employees"

Exit interviews tend to have a bad reputation, among both employees and employers. When done well, exit interviews can be an opportunity for constructive communication and a valuable source of information for you as an employer. In this post, we’ll provide details on what the do’s and don’ts of conducting employee exit interviews are, so that you can make this a useful meeting for both you and your employees.

As a small business owner, the method and timing of how you pay your employees can significantly affect the financial strength of your company in its early stages. This especially true when cash flow is unpredictable. At the same time, you should consider your employees’ needs, as their ability to budget typically depends on a consistent pay schedule. Although the Bureau of Labor Statistics reports that over two-thirds of private businesses operate under bi-weekly or weekly pay periods, no single solution is right for all small businesses. Whether you pay your employees weekly, bi-weekly, semi-monthly, or monthly, first consider how several factors unique to your business may impact or be impacted by your decision.

When running a small business, managing human resources tasks can be very time-consuming. From writing job descriptions to managing payroll, there are numerous areas that encompass human resources. Since you already have a myriad of other responsibilities, it might be beneficial to hire a talented HR professional.

With the rise of millennials entering the workforce, company culture is more important than ever before. In fact, Forbes called 2018 the “Year of Employee Experience,” citing that there’s a skills shortage, and employees are choosing where to work based on how they’ll be treated. Plus, the popularity of crowdsourced reviews on sites like Glassdoor allows candidates to have access to the opinions of past and present employees.

Many successful ideas started with a single visionary looking to make a large impact. Still, somewhere along the way, more hands are necessary to help build that dream. Every solopreneur must go through the process of assembling a team of talented professionals who can bring their business to the next level. This transition can be a little tricky, and sometimes awkward, so it’s important to properly prepare yourself before you start your hiring process. Keep reading to find out five ways that you can go from a solopreneur to the leader of a growing team!

Every business, regardless of the size, has unique needs when hiring new people. To increase the chance of hiring the right employees for their company’s open positions, many businesses provide in-depth offer letters. These are the letters sent by employers to let candidates selected for the job know about the terms of employment, job role, and other important information that should be reviewed before the individual accepts an offer.

Losing a valuable, trusted employee can be very costly and time-consuming for you as a small business owner. After one of your best workers leaves, you must devote considerable time and resources to finding a replacement. Plus, when a qualified, new employee is hired, your company must spend more time and money on training them. Furthermore, the whole process can be extremely disruptive to your business and its customers.

According to a U.S. Census Bureau report, in April 2018 the sales of merchant wholesalers were $493.3 billion, up 7.8 percent from the same time last year. As the wholesale industry grows, your business has an opportunity to grow with it. One way to do this is to hire additional employees that can help you expand your business.

A comprehensive employee handbook is an important part of creating a successful business. It introduces new employees to your values, mission, and company culture, outlines your benefits and policies, explains the expectations for employees, and lets employees know where they can get help if needed. According to Forbes, employee handbooks aren’t just for large companies; every business should have a handbook prepared before they hire their first employee. This is essential to protect your employees and business.

Paid time off is an essential element of any good benefits package. It’s no secret that employees who get regular vacation time, sick leave, and other time off are happier and are more likely to stick around. But how much PTO is enough?