Being a leader comes with its own unique set of challenges. Here are some aspects of leadership you’ll want to avoid to so you continue being the best leader you can be. Not Mentoring Your Team  Every employee needs help with training to become the best worker they can be. However, most employees won’t seek…

Feedback is vital to reaching your company’s goals. Without proper guidance on your work output, you won’t know what type of effect you’re having on meeting your organization’s objectives. Here are some important aspects of effective feedback, and how they help you prosper. Elements of Feedback  To be most effective, feedback must be specific to…

Utilizing temporary workers can provide considerable advantages. Here are four ways having a contingent workforce may benefit your business. Cost Savings You may save a substantial amount of money by bringing aboard temporary workers. Rather than cover full- or part-time salaries or wages, your business pays for services only when needed. This is especially beneficial…

Technology is becoming increasingly valuable for helping companies grow. Find out four ways you can implement technology for enhancing your HR processes and improving your bottom line. Metrics Measuring any HR function helps determine its efficiency, effectiveness, and impact on your business. For example, metrics may be used in determining your cost of hiring, including…

Knowing how strong an impact your HR team has on your company is a key indicator of how successful your organization may be down the road. Learn five ways of measuring your HR’s effectiveness so you may better plan ways of expanding your business. Efficiency  It’s essential you measure how efficient your HR department is…

17A substantial number of small business owners have no formal strategy for retaining their employees. Many owners react by offering a pay raise or promotion when an employee gives notice that they’re leaving. If the employee decides to stay, it costs your business more money, and the worker typically leaves in six months because the…

Helping your business prosper means restructuring at times. Learn how to restructure your organization with minimal disruption for maximum effect. Align Business Structure with Strategy  It’s essential you align your business structure with your strategy. For example, if your goal is increasing sales and marketing results, focus on those areas during your restructuring process. This…

Budgeting shows you where your company’s money is coming in and going out, which helps you make more effective business decisions. Therefore, it’s important you properly estimate your revenue and expenses, so you avoid an income deficit and/or spending surplus. Here are four common budgeting mistakes to avoid, so your business continues prospering. Overestimating Revenue…

Because HR handles the majority of your employee issues, it’s important you manage your staff appropriately. Here are four areas you’ll want to focus on to ensure HR keeps your business operating smoothly. Recruiting & Training  HR needs to create strategies for hiring top talent for each position. Pros determine what skills and experience are…

Coaching helps develop your employees as valued members of your organization. Find out how you can implement coaching in your small business, and why it’s essential for growing your bottom line. Steps to Coaching Your Employees  When coaching your team members, remember that mutual trust is required for positive and corrective feedback. Otherwise, your advice…