Posts Tagged ‘Employees’

 
photo credit: lepiaf.geo

In today’s economy we are seeing so many people being put out of work only to find that the company still ends up going bankrupt. Why is this? A big reason is because often times no matter how many employees are let go, the costs that the company has still ends up being more than what their profits are. Here are some creative ways where you can start cutting costs rather than cutting your employees.

• Enlist the help of everyone who work’s for you to come up with areas where you can cut costs to equal up to or at least close to the amount that you need to cut. In the end you may still end up having to let a few people go, but it will be a smaller number then it was before the brainstorming took place.
• Think about firing some of your costly customers. American Express cut out 2.7 million accounts because they had no balance or were inactive, this means the company was spending money to keep up these accounts even though they weren’t making money off of them, as stated on Bnet.com.
• Take a look at some of the resources and products that your company uses, are some of them extremely costly to your company? Is there another product that does the same job but costs less? If so, try cutting out the extravagant lifestyle of certain products and down size to a cheaper version.

Go for cheaper tech. If your shop needs a tech upgrade but you can’t afford it, consider the cloud. Increasingly, businesses are finding they can do almost all of their computing with free or cheap services that store your data on remote servers — that is, in the cloud. Moreover, there is so much good free software nowadays, including office suites with word processing and spreadsheet software, that this is often a no-brainer.

From Business Opportunities Weblog.

photo credit: Christy C

As employers we all know that when it comes to hiring employees, especially today with so many people out of work trying to find a job, it is a very daunting task. It sometimes seems as though anyone will walk in off the street and hand in an application for any job whether they know what they’re doing or not.

When interviewing, always make sure to pick the one person in your office who is truly great at interviews of any kind. Someone who can remain calm, collected, and push the employee to answer revealing questions about themselves within the companies legal limits to do so.

Always, always, always check up on their references. Many people surprisingly put down either people they barely know, people they haven’t spoken to in forever, or even people that they don’t really know well but they figure you won’t take the time to check up on it… check on them!

The job description. Think carefully about the listing. What are the job’s responsibilities? What skill set is required? It also pays to think about what advantages your company has to offer that would make this job appealing. Remember, you have options, and so do the best candidates.

When coming to the end of the interview and your making them an offer, spell everything that’s on the table out to them. Don’t leave any room for them to be able to manipulate what they “thought” or were given the impression that they were getting. Have an outline on paper ready for them to take a look at when it comes to all the offerings you are prepared to make them. Posted recently on New York Times.

From Business Opportunities Weblog.

 
photo credit: Svadilfari

I recently read an article by Tim Berry that I found to be very interesting. It talks about lessons learned over the years by employer to employee relations. When employers are working with employees, it is no surprise that there will always be some bumping of the heads and even some bad decisions made (also known as “duh moments”). Below are some of the tips found in the above mentioned article.

• People will always be very unpredictable, which makes it difficult to ensure that you have hired the absolute right person for the correct position in your company. It’s basically a guessing game, once you have completely reviewed their resume, references and more, there’s nothing left to do but bite the bullet and hope you have made the right choice.
• Often times you end up hiring the right person for the wrong job. This is not catastrophic, simply find the correct job for that person and all is well and solved!
• People have minds of their own and can change in mysterious ways sometimes. You can always change the job or change aspects about the job, but unfortunately you can not change the person on that job, change is up to them entirely.

“Fit” as in employee fit, is vital but also overrated, and too often used as a rationalization. You want people unlike you, not people like you. But you like people like you.

From Business Opportunities Weblog.