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.
Why did you start your business? Maybe because you are good at doing something. Maybe because you can offer a service that not many others can.
You worked hard to grow your business, to show everyone why they should use your company for their needs. You are a professional, and nobody knows your business better than you do. So why would you ever consider outsourcing back office tasks to a PEO if you can do them yourself?
At the end of the day, we all want the same thing: to be successful. Sometimes, to succeed we need to embrace the fact that we can’t always do everything ourselves.
As your business grows, so will your team. Adding new employees is a big part of any business, but it can be a problem if you hire new people when your business isn’t ready to take on more staff. Here are some things you should think about when you’re considering hiring additional employees.
Creating a startup venture is no easy task. Startups come in all shapes, sizes, and industries. Neil Blumenthal, cofounder and co-CEO of Warby Parker summarizes it best, saying, “A startup is a company working to solve a problem where the solution is not obvious and success is not guaranteed.”
According to Small Business Trends, almost half of small businesses don’t make it past the fourth year. These companies still aren’t in the clear, as Forbes estimates that the overall failure rate for startups falls between 80 and 90 percent.
A federal judge has blocked the upcoming Department of Labor (DOL) overtime rule instituted by the Obama Administration. The rule was set to take effect Dec. 1, 2016, increasing the salary threshold for overtime eligibility from $23,660 to $47,476. This would have made any workers under the threshold eligible for overtime pay for over 40 hours worked per week.
You’ve probably heard the old adage, “If it ain’t broke, don’t fix it.”
I remember in my youth that my grandfather swore by this philosophy. He was very particular when it came to what he owned and how to maintain it, as he lived through the depression and he was cheap! Fast forward a few years to where my grandfather trusted me to mow his lawn. Now by trust I mean he sat in his lawn chair, watched, and critiqued each and every pass I made. Like I said, he was particular.
That Christmas my family got my grandfather a new lawnmower and the first thing he said was, “That manual one still works fine. Matthew was able to mow all summer without any issues.” Now there were issues: the mower was ancient, rusted, and dull. All signs pointed to the fact that a change was necessary BUT would gramps be open to it?
The next summer I was not asked once to come mow his lawn. My grandfather religiously mowed it every week because, as he stated, “This thing is a gem! It’s like I’m not even putting forth effort and my lawn looks the best I’ve ever seen it!”
You need to identify problems before you can fix them. Inefficiencies, non-compliance, and other issues with HR policies can hurt your business, especially when you’re not sure why they exist. Fortunately, you don’t need a private-eye to get to the bottom of this mystery. What your company could use is a good human resource audit.
Professional Employer Organizations can perform HR audits and provide recommendations on where you can improve. Here are three reasons why it might be time for your business to undergo an HR audit.
Most entrepreneurs start a business based on something they are passionate about. For the majority of auto shop owners, their dream started working on cars. When that passion turns into a business venture, it quickly becomes apparent that running your own auto shop requires more than just a love of cars.
Leading a group of people, keeping systems in place to track hours, and tracking employee history are just a few of the tasks that shop owners handle on an everyday basis. Owners have enough on their plate in handling day-to-day business, but the work is not done when the shop closes. Here are some of the most common HR issues facing these small business owners.
The trucking industry has played a significant role in the industrial development of the U.S. over the past century, providing a link from manufacturers to consumers. Over that time, there have been major advancements in everything from our interstate highway system, to governmental safety regulations, to the tractors and trailers themselves.
Today, the transportation industry faces several challenges, many of which are related to consistent changes in the regulatory environment. The American Transportation Research Institute released a report in October of 2015 that listed the top 10 issues facing the trucking industry. The top three (in order) were Hours of Service Regulations, the Compliance, Safety, Accountability (CSA) Program, and Driver Shortage.