Keeping the Right People

In tough economic times, hiring and keeping the right person in the right job is crucial.  Studies have shown that it can increase longevity by 10%. However, the real benefit is gained through production efficiency. Learn what things can go right when placing people in the job best suited for them.

Read the full article: Keeping The Right People

When workers need a raise but
you can’t afford it.

In today’s economy, it may be harder to give those deserving employees a raise, according to an article on USA Today by Joyce M Rosenberg, AP Business Writer. In the article, human resources professionals say “that by being creative, owners can give employees something of value, even if it's not a bigger paycheck. Just saying "no" is unwise if you want to hold on to the employee.” Suggestions offered as an alternative included more vacation time, offering company cell phones as a nice perk, and maybe negotiating to go half way on raises. One employer also added that during a time like this you should at least be giving your employees competitive wages. You can always do a little market research on this topic. In conclusion, when it comes down to it losing an employee to less than perfect wages will end up costing you more due to training, higher demanded wage for replacement talent,  and loss in productivity.