How has this year been treating small businesses? So far, the world of small business in the U.S. has been going well. “Job openings and plans to create jobs remain historically very strong,” says William Dunkelberg, Chief Economics of the National Federation of Independent Business. Business owners themselves agree: according to a CNBC survey, over
-> Continue reading Small Business Trends 2019: Business Gains, Hiring Pains.
CoAdvantage- Former U.S. District Court Magistrate Judge John Facciola says, “If your clients don’t have a records management system, they may as well take their money out into the parking lot and set it on fire.” He’s not wrong. Improper or inadequate recordkeeping can be devastating when businesses are hit by audits, investigations, or litigation
-> Continue reading Why Small Businesses Should Take Records Management Seriously
The U.S. National Cyber Security Alliance found that 60% of small businesses closed their doors within six months of an attack. That’s a shocking statistic, but it makes sense. Huge enterprises like Equifax, Capital One, and Yahoo! have the resources to weather the storm. Small and midsize businesses (SMBs) often do not. The major reason
-> Continue reading How Not to Lose Your Small Business After a Data Breach or Cyber-Attack
No workplace is conflict-free. In fact, workplace conflict is likely more common than most employers probably realize – and it erodes more productivity than any employer wants. CPP Inc. – the organization that publishes the Myers-Briggs personality assessment and the Thomas-Kilmann Conflict Mode Instrument – commissioned a study of workplace conflict and found that employees
-> Continue reading 10 Workplace Conflict Resolution Best Practices
Labor law is one of the thorniest issues with which employers must comply. Specifically, most businesses are subject to a host of regulatory and legal requirements at the federal, state, and local levels. Cumulatively, these regulations are intended to protect workers. For example, the Civil Rights Act of 1964 protects workers from discrimination, while the
-> Continue reading What Happens If Employers Violate Labor Laws?
For many HR organizations, outsourcing some or all of their HR functions is crucial. They are facing a gap between business growth but insufficient HR budgeting and staffing. As HR Tech Weekly writes, “This creates productivity and efficiency gaps that HR must overcome.” For many HR groups (especially in small businesses), a professional employer organization (PEO) is
-> Continue reading How to Improve Your PEO Relationship
In our “Evidence-Based HR 101” (EBHR) article, we introduced the idea of using evidence to support HR decision-making. We described EBHR as the idea that HR should make decisions based on proven evidence, hard data, and experimental studies in order to eliminate subjectivity, uncertainty, and risk. In our follow-up “102” post, we discussed best practices,
-> Continue reading Evidence-Based HR 103: Why Modern HR Organizations Need Data Science
In our first post in this risk management series, we noted how few HR organizations address people-related risks. According to consultancy group EY, “HR risks continue to be absent from the risk management framework. Only 36% of [survey] respondents indicated HR risks are included as part of the risk management framework.” In our next post in
-> Continue reading HR Risk Management Part 3: Risk Monitoring
Talent shortages are likely to reach critical levels over the next decade. Analysts at the Korn Ferry Institute predict that the global talent shortage could hit 85.2 million people by 2030. Consultancy firm Gartner agrees: its 2018 Emerging Risks Survey found that a talent shortage is an employers’ most commonly cited risk. The hardest hit industries include financial
-> Continue reading Recruitment Tactics When Faced with Serious Staffing Shortages
Operational efficiency is critical to business effectiveness. Market research firm IDC says that companies can lose as much as 30% in revenue annually due to inefficiencies. Thankfully, Human Resources can play a prominent role in driving greater efficiencies. Strategic outsourcing can help even more. According to consultancy firm The Hackett Group’s research report, “Forging a
-> Continue reading Partnering with a PEO to Improve Business Efficiencies
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