STEPS TO TERMINATE EMPLOYEE THE RIGHT WAY Employee termination is the process by which an organization ends an individual’s employment against his or her will. Termination may occur for “cause,” examples of which include poor job performance, lack of “fit” with the organization, inability to perform job responsibilities, conflict with […]
THE ESSENCE OF EMPLOYEE SCREENING PROGRAMS Trustworthy, qualified employees are an essential part of any business. This is especially true of businesses, where every employee counts and where interpersonal dynamics often assume heightened importance. As a result, pre-employment screening programs have become an increasing visible part of the business landscape. […]
FINANCIAL TOLL OF ABSENTEEISM ON A BUSINESS Absenteeism is the term generally used to refer to unscheduled employee absences from the workplace. Many causes of absenteeism are legitimate – personal illness or family issues, for example – but absenteeism also can often be traced to other factors such as a […]
BENEFITS OF INTERNSHIP PROGRAMS Internships are arrangements in which tertiary institutions students lend their talents to companies in return for an opportunity to develop business skills and gain exposure to the work environment. Many internship programs do not compensate interns financially – though some companies make exceptions to this general […]
IMPORTANCE OF A CROSS-TRAINING PROGRAM FOR EMPLOYEES Cross -training involves teaching an employee who was hired to perform one job function the skills required to perform the other job functions. Simply put, cross-trained employees become skilled at tasks outside the usual parameters of their jobs. Cross-trained employees might focus their […]
WHY BUSINESS PLANNING IS IMPORTANT FOR BUSINESS SUCCESS …Key steps in the planning process Business planning, also known as strategic planning or long-range planning, is a management directional process that is intended to determine a desired future state for a business entity and to define overall strategies for accomplishing the […]
HOW INCUBATORS FACILITATE BUSINESS SURVIVAL Business incubators are business assistance programs that provide entrepreneurs with an inexpensive startup environment and a range of administrative, consulting, and networking services. In essence, these programs, which may be managed by econo0mic development agencies, local governments, for-profit businesses, or colleges and universities, serve as […]
WHY BUSINESS APPRAISERS FAIL Appraisers are agents who establish the value of businesses, personal property, intellectual property (such as patents, trademarks, and copyrights), and real estate through a process known as valuation or appraisal. The demand for valuation of business for business enterprises has increased in the last decades in […]
BARRIERS TO SUCCESSFUL BENCHMARKING CAN HINDER BUSINESS SUCCESS Benchmarking is the practice of identifying, understanding, and adapting the successful business practices and processes used by other companies (or even other departments within the same company) to increase your own business success. It is a business strategy that is used by […]
HOW BATTERING PROCESS STRATEGY MOTIVATE BUSINESS GROWTH Battering is the exchange of goods and services among businesses. This practice may be undertaken by single businesses, but in recent years many companies that choose to batter have joined organized battering networks that offer memberships to firms in a variety of industries. […]
