You have probably heard the term, hire for traits, not for talent. I can tell you ever since I first heard of this term, I have gone back in time and the different experiences I have had, that related to this term over the last 28 years of my career. I am convinced more than
See also: Hire For Traits, Not For Talent Corporate Zombies: Combat the Rise of Unengaged Employees Millennials: The Hippies of the 21st Century Turnover in Collections is Destroying Your DSO Cost of Turnover If you take a look at any company’s income statement, you will notice that one of the largest expense items is salaries
Job costing, cost accounting, manufacturing costs, what does all of this mean? Oftentimes, job costing, cost accounting, and manufacturing costs are used interchangeably. As a manufacturer, it does not matter what you call it. But it is critical that as a manufacturer, you capture all of your conversion costs. Simply put, you are taking raw material
Not too long ago, the Human Resource (“HR”) function was a clerical position that focused on helping the management team set appointments to interview prospect employees looking for work. Or they kept track of hours worked for a company. But those days are gone. HR impacts your business in ways that it once had no
It’s the first week of May which means that caps will soon be flying in the air and college graduates will be entering the workforce. What these new workers may not know is that employers often have an unspoken expectation that graduates arrive job-ready on day one… Sounds pretty reasonable, right? But with advances in
Working with clients over the years, it seems as though we’ve seen every employment trend come then go. Then they come back around again. When the economy is bad, talented employees will stay in a less-than-desirable situation. Conversely, companies begin to tighten their belts and reduce headcount. When the economy improves, these folks start looking for greener pastures and the
Is employee turnover a problem in all companies? All companies lose employees. It’s healthy for an organization to have a measurable turnover. Sometimes people don’t fit into a company’s culture. But other times, employees have emergencies or life changing experiences that separate them from the company. However, it is not to say that a 0%
See Also: Is Employee Turnover a Problem? Cost of Turnover Demand for Talented People: Addressing Employee Turnover Protect Yourself: A Guide to Non-Compete Agreements Strategy for Managing Cash Hiring Process is Getting Longer Outsource Definition PEO or Outsource Payroll Employee Turnover Definition Employee turnover, or staff turnover, is a measurement of how many employees are
See Also: Absorption vs Variable Costing Agency Costs Operating Capital Replacement Costs Labor Costs Definition The labor costs definition is the total cost of all labor used in a business. It is one of the most substantial operating costs. These are particularly important in any business which experience heavy human resource labor costs: construction, manufacturing,
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