Retaining Employees is Cheaper Than Hiring New Ones [Infographic]


Retaining Current Employees is Cheaper
Infographic: Mindflash.com

If you think that hiring new employees will give you back the lost productivity when the tough economic times have passed, you are kidding yourself.

Employee retention is the key to keeping above water in a downturn; loyalty and morale is always higher when an employer invests in the existing workforce.

Recruitment, hiring and training are often an unavoidable facts of life, but keeping your current employees happy can be the secret to higher productivity and lower turnover.

Why replace, when you can inspire–and retain?

According to this infographic by Mindflash.com, retraining existing human resources will be more effective—and less expensive.

Infographic after the jump…

Continue reading “Retaining Employees is Cheaper Than Hiring New Ones [Infographic]”

HR in the Service Industry [Infographic]


Hiring is quick, easy and convenient...These days, there is no reason hiring should be hard, especially for the service industry.

Using hiring techniques from 20, 10 or even 5 years ago just won’t cut it in today’s fast-paced, interconnected world. There is simply no reason to ignore some of the powerful tools to make recruitment, training and scheduling easy and convenient.

Cloud computing, HRM software and Software-as-a-Service (SaaS) lead the charge in HR technology, with Taleo, Workday, Ovation and others on the front lines of the battle.

Who can argue with something that can make your employees better qualified, well-trained and more productive? Human resources—the heart of hiring and employee relations—have more resources than ever to be even more effective in its duties, often at prices that fit the budget of any business, no matter the size.

This set of infographics from PeopleMatter.com exemplifies the best practices for human resources in the service industry—from hiring, training, scheduling and employee recognition. They take HR from the “Jack and Jill” age into the 21st Century.

Infographic after the jump…

Continue reading “HR in the Service Industry [Infographic]”

The Real Costs of High Turnover


How to Avoid High Turnover

As a small business owner, turnover rates can be brutal on the bottom line. Everything has an impact on a firm’s profitability.

Hiring costs money; firing costs money.

A revolving door of employees hurts profitability, possibly even before an organization realizes how much.  Often, it takes a keen eye to see that every penny adds up quickly as turnover rates increase.

What are the actual costs of high turnover? Continue reading “The Real Costs of High Turnover”

Using an ESP for Hiring


Consider using an ESP to help with the daunting task of hiring new employees

Photo by Justin Sullivan/Getty Images

From Denise Roane for Examiner.com:

Tampa Bay business owners have found that hiring the right employee in a market filled with thousands of applicants can be quite a daunting task not to mention a considerable expense.

According to the Bureau of Labor Statistics the average cost of a business to hire one worker was $30.69 an hour. If your company runs an ad for a week then sets someone to the task of collecting, sorting, calling, and interviewing the amount your business will spend can run you approximately $1500.00 or more. If your turn over rate is high the cost of finding and hiring an employee will eventually outweigh the position.

So how do you go about finding the best candidates amongst todays mish-mash of applicants in the least expensive way? Here are three viable avenues to consider.

Read more of  Consider Using an ESP to Help With The Daunting Task of Hiring New Employees at Examiner.com.

 

Help Wanted: Five Hottest Careers


English: Bureau of Labor Statistics logo RGB c...
Bureau of Labor Statistics (Photo credit: Wikipedia)

Looking for your next exciting opportunity on the job market? Or do you simply want to make a mid-career change?

The most effective job search strategy starts with knowing what jobs are available, and adapting your skills to suit the marketplace.

The good news is—there are lots of great jobs out there; including occupations in some of the fastest growing U.S. industries. To get the best pay, some of these jobs involve higher education; others require no more than a high-school degree, as well as a great attitude, to get on the fast-track to success.

All of these jobs have one thing in common; they need good talent—right NOW! Continue reading “Help Wanted: Five Hottest Careers”