HR/Benefits

HR/Benefits (120)

Remote Work Needs Defined Agreements

The peak of the pandemic in 2020 saw millions of people working from home, not because they wanted to do it, but because the COVID-19 pandemic forced the government to enforce measures to curb the spread of the virus. While it was difficult for some employees to adapt to the new working arrangement, others have enjoyed working from home, and some are even willing to quit their jobs than go back to their offices and work full time.

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Offer Your Employees the Best Vacation Policy Option

Working hard for five days a week or sometimes more can make employees worn out and disturbed. It might affect the employees physically, mentally and emotionally. It may also result in work-related stress. Such a condition often comes from employees being overwhelmed with the number of work demands, especially when the work exceeds the capacity of staff to perform. However, having the right employee vacation policy can solve these problems. It will allow business leaders and HR managers to create a balanced working environment where employees can occasionally take time off. Sadly, small businesses face challenges in developing a proper employee vacation policy. For this reason, I have compiled a few employee policy options that can help small businesses below.

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Using AI to Find the Best Tech Talent

The 2022 job market has witnessed churn at unprecedented levels. Employees are leaving companies faster than ever before, leading recruiters to struggle to fill open positions fast enough. The Great Resignation has made finding and retaining talent a full-time job, leading to the need for artificial intelligence to assist with all hiring needs. 

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Finding Employees is Tough - Make Sure You Keep the Ones You Have

Getting the right people for a job is never easy. When you succeed in finding the right people for your position, it becomes challenging to retain them. Regardless of the size of your business, it is always a good thing to look for consistent, reliable, and motivated employees who will work towards the vision of your organization and deliver the mission. Even after getting such quality, you will still need to develop the right strategy to retain them to run a successful business. For small businesses, this can be extremely difficult, considering people always look for better-paying positions, which are primarily found in large organizations. However, this does not mean that you should not try. Have a concrete strategy to minimize the number of employees leaving your organization and keep them happy. Here are ways that small businesses can adopt to improve employee retention.

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Up Your Strategies to Retain Employees

A survey by Monster indicates that 82 percent of the employees surveyed have updated their resumes over the last six months. On the other hand, 59 percent of these employees are actively looking for a job. This spells a tough time for companies when it comes to employee retention. The challenge of employee retention is giving employers who want to do their best to keep their employees a huge headache, considering some industries require experts that are hard to replace. Losing and trying to replace employees is not only time-consuming but is also expensive. If you are constantly recruiting new staff and training them, that is a lot of time wasted that could have been used to serve the customer. Perhaps now is the time you up your strategies to retain employees. Here are a few tips that might help you keep your staff longer.

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Need to Revise Your Method of Compensating Employees?

 Every business would love to hire the most qualified employees and retain those who are loyal and productive. This is often determined by many factors, one of them being the compensation packages in terms of money and incentives, and other benefits. Unfortunately, most small and mid-sized businesses lose top performers due to a lack of proper compensation schemes. They end up incurring costs of hiring and training new employees. However, the main risk is that relationships with customers and the morale of other employees can be damaged with regular change in people working and teams. Studies indicate that the most profitable organizations are the ones that have the highest rates of employee retention. Here are some compensation strategies that you should enforce in your organization to improve your retention rates:

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Your Need More Than Luck to Land Your Next Employee  

As small businesses try to rebuild and recover the lost opportunities caused by the COVID-19 pandemic, a new hurdle seems to be awaiting them: the lack of employees to fill the positions left vacant. With the unfilled positions despite advertising for job openings, the ability of small businesses to rebuild and keep up with the demand for products and services as lockdown restrictions eases is in jeopardy. A survey conducted by the National Federation of Independent Businesses in March found out that as high as 42% of business owners have active job openings that could not be filled. On the other hand, 91 percent of those actively hiring or trying to hire reported no qualified applicants for the vacant positions.

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Hiring New Employees Needs Updated Strategies

No one will disagree that 2020 was perhaps the most challenging year for many businesses than any other we have witnessed in our lifetime. Organizations were forced to navigate the rapidly changing environment in their service provision. As organizations adapt to new realities in their workplaces, technology will become vital in addressing most of the issues. Here is a look at some trends in human resources that will shape 2021 and beyond.

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How Many Benefits Are You Providing?

As a small business owner, employee benefits are a critical component that you must take into account. The coronavirus pandemic has subjected employees to untold suffering, and acute financial stress never witnessed before. The financial issues originated from losses made by organizations. This has plunged many employees into poverty as more than 60 percent of employees were stressed about money while around 40 percent lacked adequate savings to cover their over $400 expense. As the pandemic bites, what you need to ask yourself as a small business owner is, how many benefits am I providing to my employees? For employees, financial benefits are important because it relieves them of pain such as the one we are now experiencing. However, even without the pandemic, one must ensure employees get employment benefits in different forms. Here are some financial benefit ideas that can help your employees:

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Consider These 5 Strategies to Find Your Next Employees

Employee recruitment is one of the most effective ways of growing a small business. Getting the right group of employees enables you to serve your customers better and more, and even expand your production and reach. Although hiring can be a game-changer, it can also be challenging and can be a disaster to your organization if not correctly done. This is the case, especially for small business owners who have no experience identifying, interviewing, and selecting the best group of employees for the job. Apart from these, finding the right employees also need time and money, neither of which most small businesses have. While this can be the case, there are various strategies that you can employ to ensure you get the recruitment process right. Here are five strategies that you should consider when finding your next employees:

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