Maximizing employee retention is one of the best ways to make sure your small business thrives. Unfortunately, staying fully staffed can be challenging in today’s business environment. According to the2024 Bank of America Business Owner Report, conducted in partnership with Bank of America Institute...
The small business community, in particular, was hit hard with an unprecedented hiring crisis; however, those who created or maintained a culture where employees felt supported, heard and valued retained the talent needed to keep business operating smoothly. Here are five examples of small business ...
Management Choosing small businesses| A qualitative study of employee retention in a rural Georgia changing marketplace CAPELLA UNIVERSITY Rubye Braye SmartLisa CThis study examined employee retention and aspects of organizational culture in order to provide assistance to small business owners seeking to ...
Instead of incurring full-time employee expenses, companies can leverage the expertise of HR specialists as needed, allocating resources to areas that drive growth and efficiency. This control over costs can make business leaders feel more in control of their financial strategies. At Bellwood, the ...
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In our second Small Business Update, U.S. Chamber Executive Vice President and Chief Policy Officer, Neil Bradley, and Jeanette Mulvey, Content Director at CO—, discuss additional stimulus details.
After all, building positive relationships between employees and managers can lead to increased productivity, efficiency, and retention — yielding a peaceful work environment for meeting your business goals. To help you get started, here are tips and useful information for managing and retaining small...
concerns for current and prospective workers,” said Mark West, national vice president of business solutions for Principal. “We’re committed to working with employers to ensure we have benefit offerings that are targeted to their employee needs, especially as they evolve in the wake of COVID-...
Your mission statement and values are also the guiding principles for everything you do in your company, and hiring is the first step to everything else. Consider that anyone you hire is going to have an impact on your business’spersonal brandingand that employee retention contributes mightily...
Not surprisingly, an employee retention report found that workers who are tired and burnt out are 31 percent more likely to think about looking for a new job than their colleagues who do not feel burnt out. Turnover is a drag—especially if you’re a local bu...