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Bad hiring choices can cost your small business big money if you factor in the expense of paying the wrong employee for the job and spending time training someone who ultimately leaves. Replacing one employee who make s $8 hourly costs an average of $3,500 , according to the Society for Human Resource Management . The good news is that you can often spot potentially bad employees during the interview process if you know what to look...
Are you approaching crunch time? You know, that make-or-break, end-of-the-year test of whether you’ve reached your business goals? If, as a business owner or business manager, you’ve smartly created an annual budget with revenue targets, you’re going to want to your New Year goals to be successful in the final quarter of your year. For some small businesses, this is easier said than done — and it all depends on the motivation of your...
One of the hardest aspects of owning a small business is hiring and training qualified employees. Small business owners are dependent on their employees to represent the company but often can’t offer the perks and benefits of larger companies. When an employee is becoming difficult, it can be tempting to simply cut him or her loose. But finding and training an employee is an investment of time and money. If possible, sticking with your...
What’s the True Cost of a Bad Hire? By Sarah Siwak No matter what industry you’re in, hiring mistakes cost a lot of money—about 20% of an employee’s salary, or $6,000-$15,000 for an average worker . For specialized or senior employees, replacement costs can be astronomically higher. But anyone who has ever dismissed a bad hire knows the financial cost is just the tip of the iceberg. The true danger lies just beneath the surface,...
11 Important Qualities to Look for in Your Next Hire By Brittney Helmrich, Business News Daily Between wading through applications and conducting interview after interview, searching for the perfect new hire can be quite the challenge. You need someone with the skills to fit the position you're trying to fill and a personality that fits in, too. So how can you tell a candidate is right for the job and your company? It goes beyond simply...
Save Time & Money With Phone Screen Interview Before In-Person Interview.   Best Practices: Sample Questions Below Here's How to Screen Potential Candidates by Phone By Susan M. Heathfield In a phone screen, an employer interviews potential employees who appear qualified for the advertised job after the resume and cover letter are reviewed. The meetings, by phone, are conducted by one person, usually the hiring manager or a Human...
Starting Strong: Tips for Properly Onboarding Your New Employee By Jennifer Post, Business News Daily Starting a job is always stressful for a new hire, but sometimes it can be more stressful being the one responsible for introducing a new employee to the workplace, making sure the employee feels welcome and engaged, and providing thorough and helpful training. Being in charge of this process can put you under a lot of pressure. Based...