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.
It’s no secret that the personal and professional lives of most of us have undergone a major upheaval as of late. Most employees have had to adjust to a work-from-home (only) environment for the first time, and many of them have had to do so with their spouses and children in tow. For finance, this […]
During tough times, one of the first things many firms do is trim their marketing budget. While marketing is certainly an easier place to cut costs than payroll, it can have long-lasting and even harmful effects. In fact, according to a study published in the International Journal of Research in Marketing, the companies that bounce […]
Small businesses are usually very good at knowing who their customer base is and what they want. This knowledge is key to their success – learn what your customer wants and make sure you give it to them. Can accountants learn from this business philosophy? It’s one thing to think you know what services your […]
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If you want to take control of your business and really boss it, making sure you’re getting paid on time is vital. When you sell something in your business, you create credit. The only real exception is in retail premises, where payment is immediate. But creating credit means you have to wait for payment. And […]
Ahead of his appearance on the upcoming Sage webcast: Growing a SaaS Company in a Shifting Landscape, Bruce Croxon, partner at Round13 Capital and co-host of BNN’s, The Disruptors, offers insight into how SaaS companies can achieve success during the growth phase of their business journey and leverage technology to scale their operations. As an […]
