Share This: Labor shortages make it hard to retain hourly employees. At the same time, high turnover raises costs and slows daily work. Many small business owners feel this strain each week. With that in mind, this guide shares simple ways to retain hourly employees and keep your team strong[…]
Share This: The cost of employee turnover is one of the largest hidden expenses for small businesses. At first, replacing one worker may not seem serious. Yet over time, the cost of employee turnover grows fast and cuts into profit. In many cases, owners focus only on hiring expenses. However,[…]
Share This: Conducting exit interviews can help your small business get to the next level. If you have any turnover, you can find out why people are leaving. Many times, it isn’t for the reasons you think. Also, if you own a business with remote employees, you may uncover other issues. Exit[…]
Share This: Implementing a mentoring program for your small business can: Increase employee growth Improve job satisfaction and employee engagement Reduce turnover and increase employee retention Develop leadership skills Transfer knowledge from your mentors to your mentees Help relationship development Show your future and current employees you are invested in them A mentoring[…]
Share This: All leaders need emotional intelligence. Have you ever had a boss who got angry and shouted when things went wrong? Or one who reacted poorly in stressful situations? That kind of leader lacks emotional intelligence. Emotional intelligence (EI), also known as emotional quotient (EQ), is about understanding and managing your own[…]
Share This: Employee turnover can be a big issue for your small business, and it can be costly. There are many reasons for high turnover and many of these are preventable. According to the U.S. Bureau of Labor Statistics (BLS) in 2022: There were 77.2 million hires, an increase of 1.2 million[…]
Share This: Employee Accountability is crucial for the success of any small business. If your staff is working on a project and they have no accountability, then your small business can suffer. 82% of managers acknowledge they have ”limited to no” ability to hold others accountable successfully. 91% of employees would[…]
Share This: There are many low-cost benefits you can offer your employees. One of the most important ways to retain your staff is by offering good benefits. As a small business, you may not be able to offer the same benefits as large companies. However, you may be able to[…]
Share This: Your employee handbook can be the pillar of your business. It is useful for defining company policies, procedures, and expectations. Once you have written the employee handbook, everything else becomes easier to manage. Also, you should be clear, consistent, and positive. Think about what you wanted from a[…]
Share This: What is an Attendance Point System? An attendance point system helps employers track attendance for their employees. Points are compiled when an employee is late, tardy, or absent. After collecting a number of points, usually within a 12-month period, an employee may be subjected to discipline, up to[…]