SCORE Infographic: Human resources

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SCORE Infographic on trends and best practices in hiring and retaining employees

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SCORE Infographic: Human resources

  1. 1. SOURCES: 1.16 Surprising Statistics About Small Businesses http://www.forbes.com/sites/jasonnazar/2013/09/09/16-surprising-statistics-about-small-businesses/ 2. Startling Statistics about Human Resources Mistakes http://www.sourcepointe.com/startling-statistics/ 3. Small Business Employment: Fourth Quarter 2013 http://www.sba.gov/sites/default/files/Quarterly_Employment_Bulletin_4q2013%20.pdf 4. 20 Mobile Recruiting Insights #mrec13 http://www.talenthq.com/2013/09/20-mobile-recruiting-insights/ 5.Vital Small Business Statistics,Trends and Facts for 2014 http://www.getbusymedia.com/vital-small-business-statistics-trends-and-facts-for-2014/ http://www.microbiz.org/very-small-businesses-created-5-5-million-jobs/ * http://www.entrepreneur.com/article/226800# * Presented by SCORE.org “Work with me,people!” 50%work in a small business of workers in the U.S. Small businesses created 63% of new jobs from mid 2009 to 2012 From 2004 to 2010, micro businesses* were the BIG employers! *1 to 4 employees 5.5Mnew jobs ...while businesses w/ 500 or more employees LOST 1.8M jobs And in the next 5 years,37% of small businesses will have 5+ employees Small business success is tied to employee success... But they cost time & money: HR work consumes 25-35% of an owners time 7-25% of time handling employee paperwork < 20 employees = 60% higher compliance costs 75-150% of Salary ... is the estimated cost of employee turnover 30% of Small Business Failures ... are blamed on poor hiring decisions Recruitment & management are going mobile: 1.3B will work virtually by 2015 Mobile friendly recruitment, properly executed, has a conversion rate 5x to 10x better than PC – at 20% the cost

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