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Changes in the temporary staffing industry could help you hold down labor costs--if you are willing to be a tough negotiator who shops around.
A husband-and-wife team who founded an Internet telecommunications company began to tackle one of the toughest challenges facing them: They looked to find a CEO, a replacement for themselves as heads of the business.
Basic guidelines that can help determine if and when an Employee Stock Ownership Plan (ESOP) is right for your company.
As an entrepreneurial company grows and adds layers of management, it can and should consider policies that address work and family issues or risk inconsistency across departments, writes the founder of a human-resources services firm.
If you have decided an employee stock ownership plan (ESOP) is worth investigating, there are several steps to take to implement a plan. This article outlines the process including valuation, funding, finding a lawyer and trustee, and more.
This article, written by Jeff Dennis, a serial entrepreneur, outlines for entrepreneurs a set of best practices on considering, selecting, and utilizing a board of advisers.
The on-boarding of staff members can be confusing to newcomers. Yet, this is a time when most employees build important relationships-- friendships, in fact, that can double the chances of those new employees being satisfied at work. In excerpts from his recent book "Vital Friends", author Tom Rath shares suggestions for both formal and informal orientation processes.
In research conducted by the Gallup organization with more than eight million subjects, employees are more likely to stay with the organization, have more engaged customers, and will be more productive if they have ties of friendship to others in the organization--especially their bosses. An exemplary boss is one who gets to know employees on an individual basis, tailoring their management to the individual.
To have next-generation leaders within growth businesses, mentoring is a proven method of developing staff for succession. The process creates an environment which can lead to higher levels of profitability, employee retention, increased revenue, and job satisfaction.
Controversy continues over whether or not the performance review process is an effective tool for motivating and improving employee performance. Yet many entrepreneurs make the assumption that the evaluation process will lead to a better-performing organization. Too often, the purpose of employee reviews is unclear -- to both leadership and the employee -- and training in the process is generally not provided.
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