"Employees" Posts
ESOPs: Not A Magic Bullet…
By …but a viable retirement vehicle for business owners
According to a recent survey conducted by the Employee Benefit Research Institute, workers’ confidence in their ability to live comfortably in retirement has hit a new low. Confidence about having enough money for a comfortable retirement this year hit its lowest level (13 percent) since 1993, continuing a two-year decline.
Retirees also posted a new low in confidence about having a financially secure retirement, with only 20 percent now saying they are very confident (down from 41 percent in 2007). For many business owners, the company is their source for funding retirement. …
Hiring In Today’s Market
Will it be easier for companies that are hiring to find the right person?
Due to the recent slump in the job market, the pool of candidates an employer has to choose from is growing significantly larger. Therefore, the question then becomes: will it be easier for companies that are hiring to find the right person? Typically, the answer to that question depends on the kind of position employers are looking to fill. For example, 20 percent of employers in the manufacturing sector plan to increase hiring. In addition, 19 percent of employers in the service sector plan to increase …
Recruiting
Find the best employees with a little hard work
Traditional recruiting tactics have become obsolete and companies must keep up with the times in order to maintain their high level of recruits. Years ago, active job seekers searched the classifieds of their local newspapers to check for job openings. Today, those same job seekers are drawn to the Internet and away from newspapers. In the past, potential recruits would call and arrange for an immediate interview with hiring managers, but now networking and technology have taken over the recruiting industry. This is true from the perspective of both the interviewer …
Productivity Based Incentive Systems
Employee motivation, accountability, incentives and productivity measurements
The focus of a productivity-based excess profit incentive system is to reward the employee based on the work performed over and above the minimum profit standards established by management, as opposed to a bonus given based on entitlement.
Every company has several obligations: to generate enough cash flow to meet the company’s daily cash requirements, produce a profit commiserate with the risk involved in the business practice, allow the owner(s) to maintain a good quality of life and assure the employees a fair wage and safe work environment.
The concept of excess-based profit …
Playing Russian Roulette
If you do not have someone in your organization responsible for your human capital management, regardless of size, then it is only a matter of when, not if, it will cost you valuable time and money. This could have been prevented.
According to statistics, 30% of all business failures are due to employee theft and related forms of dishonesty. The Bureau of Immigration and Customs Enforcement (ICE) within the Department of Homeland Security (DHS) has suddenly turned its focus inward, resulting in I-9 inspections and workplace raids on companies engaged in the construction, service and manufacturing industries.
“Raids carried out …
Is 50/50 The Best I Can Do?
The world of recruiting has changed drastically throughout the years.
The days of picking up the paper and finding a job that could potentially lead you to a solid career are limited. The same is true for employers. Finding the right candidates through the local paper can be very expensive and may yield minimal results.
In today’s economy, the online job boards have warped the traditional way of hiring. What started out as an effortless way for employers to look at an application has now become a haven for unsure individuals. The typical job applicant views the hiring process no …
How Do I Make The Most Of My Middle Management Team?
How can I identify and develop middle management?
One of the key secrets of organizational growth is the development of the management team. Middle managers have a unique leadership role and they hold a great responsibility for the maintenance, growth and development of a company. There is a great importance in the development of middle managers and their impact on small and medium-size businesses.
Why is it important for business owners to continually help develop middle managers?
One of the key secrets of organizational growth is the development of the management team. Organizational growth, in a controlled environment, produces additional …
People Or Profit
By Every ethical vision begins with the instinctive drive to codify our behavior. The individual, daily, embodies corporate norms, and must recognize his or her responsibility for them, even as the corporation takes us and our agenda forward. The synergy institutionalizes our goals and accomplishes what we cannot accomplish alone – that’s still the best reason to incorporate, a system worth globalizing.
I was in my sixth day of seminars in mainland China, when one of my participants, a manager and part-time MBA who I’ll refer to as Bill, raised his hand and asked, “Why is the system like it is?” …
