6 Steps to Curing Employee Churn
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“I can’t find the right people to hire and even if I do, they don’t last more than a year or two!” the client groaned sitting across from my desk. “We pay the going rate but things have changed. Employees just aren’t loyal anymore!” Unfortunately, the business owner was experiencing “churn”—a term used to describes the workplace “illness” of rapid turnover (voluntarily or not) that costs companies between 16 to 20 percent of the employee’s annual salary in hiring costs. However, the following steps can help companies minimize this profit stealer. Content provided by Linda Benedict, Florida SBDC at University of South Florida business consultant Learn more online at http://SBDCTampaBay.com/blog.
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In no means is this list of activities/questions to be considered the ultimate list for every business, but merely some thought-provoking ideas to consider.
Please seek legal counsel before signing any contracts.
Information provided by Wayne Brass, business consultant for the Florida SBDC at Pinellas County Economic Development.
Emotional Intelligence
Emotional Intelligence: Why it's important to your business.
Information provided by Dr. Anita Rose, Florida SBDC at USF Sarasota-Manatee
Getting Through Government Acronym Soup
Submitting a government bid can be a daunting task if you are unfamiliar with the lingo. Are you familiar with the acronyms IFB, RFP, RFQ, and RFI? This article will help you navigate through the acronyms with ease.
Information provided by Charlene Bostic, Florida SBDC at USF.
Reminders for Small Businesses
Small business owners are busy running the day to day operations of the business, which can sometimes lead to overlooking some key items. The following are just a few required items that every business owner should follow up on, and none of these are financial reports.
Information provided by Wayne Brass, Florida SBDC at Pinellas County Economic Development.
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