Image via Wikipedia In addition to the profit margin, the employer-employee relationship is important to a business’s success. It is imperative that employers treat employees with respect and employees should do the same. Unfortunately, some companies may forget about important aspects such as employee appreciation; and then the employees become less productive. Here are some tips on improving and maintaining a strong employer-employee relationship. Provide incentives to employees that will motivate them. Give all employees equal access to these incentives, which can include chances … [Read more...]
Improve Your Business Stocks by Making Employees Happy
June 1, 2011 By Leave a Comment
One of the best things you can do for the success of your business is to treat your employees well. Happy employees are more productive and feel that they have a real stake in your company. If you were to start offering better pay and benefits to your employees, you’d probably see a boost in stocks since the rest of your company would probably start doing better. Image by Getty Images via @daylife Many companies worry too much about their bottom-line, and therefore do not pay their employees what they are worth. This is a huge mistake because employees who feel undervalued will … [Read more...]
When to Hire
April 25, 2011 By Leave a Comment
Hiring people can be a serious challenge. On the one hand, you have got to make sure that you can afford all of the expenses which are naturally going to come out of hiring the person or people that you take on. But on the other hand, you have also got to make sure that the people whom you hire are going to add plenty of value to your organization. The usual rule is that you should pay someone one third of the value which you expect to garner from them, partly because you are probably going to inaccurately estimate one of those two factors. On the one hand, employees require resources. When … [Read more...]
Budgeting for Raises
March 20, 2011 By Leave a Comment
Every year, most employees expect to get some degree of raise for the work that they do. It does not matter if they are adding more value to the company than they did last year, or even if inflation has gone up significantly over last year. They just think that they are entitled to being paid more this year than they were last year. So unless you want your highest quality employees to jump ship at their first opportunity, you had better find some way to give them the raises that they actually think they need. Naturally, this is just going to raise prices, as wage pressure gives people more … [Read more...]