Employee training is an effective way to teach new employees and develop existing workers. However, employers may be concerned about related expenses, as employee training has been estimated to cost around $1,888 per employee for companies with fewer than 500 workers.
That’s quite a bit of money, but the cost of training can be well worth the investment. Here are three big reasons why a commitment to employee training is a great financial decision for your business.
Immigration has been a hot topic ever since President Donald Trump was elected. New changes have put a focus on new and potential laws that will impact employers all over the country, including the update to the I-9 form and potential expansion of the E-Verify program.
An unexpected departure from an employee can leave owners in a tight bind. Recruiting and hiring a new employee is a big undertaking for any company. Just like employee separation, the replacement process can cost your company a lot of time and money.
Whether someone put in his or her two-week notice or needs to be fired, the exit of an employee is not an easy process. There are a number of steps that need to be taken when an employee leaves. Proper procedures can be the difference between a clean break or a messy breakup that could lead to a claim by the former employee. Here are 10 steps to take during the departure process.
Employee performance reviews can offer useful insight into how your employees are performing if done well. An open, honest review can help motivate employees and provide employers with opportunities to improve internal processes. Here are four tips to making your employee reviews more effective.
Once you’ve hired a new employee, there’s a lot of work to get them up to speed with the rest of the company. The training process is an important part of the employee lifecycle. An effective program will allow your new hire to make an impact as quickly as possible.
Preparation and in-person teaching are key elements of training, so use the following tips to help your new employees learn the ins-and-outs of your office.
Once you’ve recruited some potential candidates, you’ll want to meet them. An interview is usually the first chance you’ll get to meet a potential employee, giving you the opportunity to see just who might be the newest member of your team.
When it comes to the interview prospect, you’ll have to make a judgement call for your business. Here are some suggestions to help you optimize your interviews.
When it comes to your employees, you want the best of the best. Top candidates aren’t always easy to find, however. Recruitment is the first step in the employee lifecycle, and you want to make sure that you have a talented pool of prospects to choose from. Here are the places that you should be looking.
According to the Association for Talent Development’s 2014 State of the Industry Report, organizations spend an average of $1,208 per employee on training and development. For companies with fewer than 500 workers, that number is even higher, coming in at $1,888 per employee.
But time is money. According to that same study, companies are spending an average of 31.5 hours per year training employees. That’s time you aren’t billing to an account or turning prospects into clients.