What does staff turnover cost?

What does staff turnover cost?

Losing a good employee may be more expensive than you realize.  Consider some of these costs before you hesitate to spend money on retention or “culture” items. Some expenses are very quantifiable: Separation pay Employment ads Temporary workers Background checks Some expenses are somewhat hidden within your budget: Time spent on exit tasks. Time spent […]

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Contracting by the hour or by the task

Hiring a contractor gives a person or an organization the ability to get work done by an expert without doing it by themselves.  A homeowner can have a plumber install a hot water heater, or a small company can get a marketing video. For the homeowner, the advantage is expertise. For the business, additional advantages […]

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A good record keeping system makes spring cleaning easier

Spring cleaning at the office or the home office can mean clearing out files. It is important for every organization to have and follow a Record Retention Policy. This helps prevent two problems: Over-saving records. Storing documents indefinitely (or longer than needed) not only clutters up your space, it can create legal burdens. If an […]

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