The success of any business depends on its people and Sage HR software will help you get to know your employees. They represent your company’s greatest asset, therefore hiring the right people is important. This is particularly true if you value strategic workforce planning.
The cost of recruiting, onboarding, and training the wrong person, followed by termination and another round of recruiting, can cost a company as much as three times the first year’s salary for the position in question.
But it’s about more than saving money on human resource management. The wrong hire can disrupt productivity, sour the attitude of your teams, and even cause turnover of other valuable top performers. So, how can you avoid a bad hiring decision and master human resources management?
People management, that is your ability to attract and keep the best people, will determine your company’s future success. But it’s not just about who offers the highest salary. Getting people management right means offering each employee the best training, environment, and experience. You must ensures they’re happy, engaged, and motivated.
Working with hiring managers, plan a smooth recruitment process—for internal employees and applicants. You should also ensure a full and thorough onboarding process and provide regular feedback. Monitoring the progress of your hires and providing support where it's needed will help employee retention.
The good news is with the right human resource management software, you can equip your business with everything you need for a happier, more productive workforce.
An effective hiring process starts with the company approving and posting the position. From there, recruiters or employers must screen and interview applicants. Then, they can check the background and references of candidates before making a final decision and offering a job. The company then determines a start date and prepares the applicant for completing a job orientation. The best HRM software can help with this process.
If your software business is driven by subscription revenue, SaaS metrics are the core of your KPIs and reporting. These metrics are the foundation for demonstrating your profitability and growth potential. Your historical financials aren’t giving you the whole picture, so what else are you missing without a SaaS metrics solution that allows you to visualize your financial and […]
Sage recently hosted a session at Vancouver Startup Week 2021 called ‘Setting up for financial success’ in which Alex MacCaull, founder of HMS Financial answered the most frequently asked questions startups have. Alex’s entrepreneur journey, started with his departure from his full-time job as a financial services advisor in Ontario. He worked a number of […]
Sage recently hosted a session at Vancouver Startup Week 2021 called ‘Setting up for financial success’ in which business & software consultant Anna Abbruzzese of Actium Consulting, answered the most frequently asked questions startups have. Here are the highlights. What is considered business (taxable) income or net business income? Net business income is your taxable […]
Gartner, the world’s leading research and advisory company, has published the 2021 Magic Quadrant and Critical Capabilities report covering cloud core financial management suites for midsize, large, and global enterprises. The 2021 Critical Capabilities report scored products and services along 15 capabilities. Gartner defines lower midsize enterprises as: “Organizations with annual revenue of between $50 […]
In a post-pandemic world, food and beverage companies need a future-proof product management strategy — and it starts with supply chain ERP.
Laura Lenz, partner at OMERS Ventures offers an in-depth insight into which financial metrics are of the highest importance to investors in the COVID era. Right up until late 2019, ambitious businesses that were picking up pace in their growth journey could measure their progress by hitting a number of milestones that indicate success. Now, […]
