“Removing Roadblocks on Your Path to Success”
Employees, Your Invaluable Company Asset
Your employees are your company’s greatest asset. With the right team, your brand and your business culture is carried on in the way you envisioned for the company. So how can you steer clear of making a bad hire mistake in the first place? In our article called 5 Simple Ways to Avoid the Nightmare of a Bad Hire, we outline few simple ways to help you avoid the potential nightmare of dealing with a bad hire
Not every hire has the potential to turn out as expected. The cost of a bad hire can be not only financially detrimental, but it can also have a demoralizing effect on both your current employees and the new “bad” hire when there is no other option but to let them go. Recognizing the inherent value in your employee base allows you to take advantage of a unique opportunity for company growth. After all, who has better insight into where the company is going than you and the people you train to generate and sustain that growth.
From an employer’s point of view, it is important to keep your focus on developing a business culture in a way that supports long-term growth, advancement, peak performance in a workplace and employee motivation to produce the best possible results for your business in the long run.
After hiring a new employee, in order to assure that you made a good hiring decision it is important to start tracking and measuring employee’s performance. It’s difficult to manage what you can’t measure, so creating a viable system to track employee performance is just as important as the other growth and success criteria you have already established for your business. Our article on tracking and measuring employee performance explains this in more details.
Creating an employee career development program is another great way to stay on the cutting-edge of both hiring the best employees and retaining them. When an employee becomes a part of your company vision and sees himself or herself as an intrinsic part of that vision, you have created an invaluable asset as you move forward with your company mission.
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Until next month…we wish you great success in your business!
March 2011 Newsletter
This newsletter is intended to provide generalized information that is appropriate in certain situations. It is not intended or written to be used, and it cannot be used by the recipient, for the purpose of avoiding federal tax penalties that may be imposed on any taxpayer. The contents of this newsletter should not be acted upon without specific professional guidance. Please call us if you have questions.
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