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
Difference Between Recruiting vs Staffing The difference between recruiting vs staffing is that recruiting is acquiring talent to be a full-time employee. Whereas staffing is the hiring of an agency to provide temporary workers. Recruitment / Placement There are many recruitment agencies or placement agencies. It may also be referred to as a retained search. They
See also: Traditions Turned Financial Fluctuations Improving Profitability – Fuel for Growth Product Life Cycle Stages Beware of the J Curve Black Friday In America, Black Friday is an event that is not only the most shopped on day during a typical year, but it also generates huge sales. “Only in America do people trample
Businesses lose millions (if not billions) of dollars due to fraud. But how do so many cases of fraud go unnoticed until the damage is done? Often, it’s because businesses don’t recognize the red flags of fraud soon enough. Working with many entrepreneurs and their companies for the past 25+ years, I have unfortunately have
That’s the biggest question being asked by both employees and employers alike: how long do you keep a job? What’s normal in this day and age? If you would have asked 20 or 30 years ago, the answer would have been: “You keep a job for 20-30 years.” So, how long do you keep a
Unfortunately, companies of all sizes can become victims of fraud. In fact, a study on fraud published by accounting firm KPMG International found “a very large increase in cases involving the exploitation of weak internal controls by fraudsters up from 49 percent in 2007 to 74 percent in 2011.” Thus, internal controls are a first
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
Total Quality Management (TQM) Definition Total quality management (TQM) is a management philosophy that says a company should always strive to improve the quality of its products and services. According to TQM, quality can always be improved and should always be improved. Quality improvement is also an ongoing effort that never ceases. The goal of TQM
Separation of Duties Definition Some circles refer to separation of duties as segregation of duties. It refers to a concept that leads to greater internal control within a company. The accounting separation of duties definition is a theory that the job of an employee should provide a reasonable evaluation for the job of another employee. In
See Also: How to compensate sales staff Cafeteria Plan Keogh Plan Individual Retirement Account (IRA) 401k Revocable Trust Pension Plans Pension plans are often a key component of your employee’s benefits package from their perspective. But they can be costly for you. Basically there are two types of pension plans: Defined benefit Defined contribution Let’s
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