Every year, companies lose an average of 5 percent of their revenue to fraud, according to the Association of Certified Fraud Examiners – and small businesses, with fewer control systems, are the most vulnerable. The investigation software i-Sight lists a whopping 41 types of employee fraud and theft that fall into six major categories: Asset misappropriation. This is simply the …
Listening – A Social Experiment
Recently, People People placed ads for numerous C-Level positions. These included the roles of COO, CFO, CMO, VP of Sales and VP of HR. We were way upfront with what we were doing, and left some very simple instructions for candidates to follow, namely: We were clear that we were relationship builders, and that in response to several upcoming C …
What Do You Need To Know About Benefits
We all know compensation packages are important. It’s one of the first major sticking points you will encounter when hiring new team members and unfortunately can be a major motivator for people to look elsewhere. But where do you start in deciding what you should be paying for a given position? When creating a new compensation package, start with the …
Organizational Forecasting: Step by Step Guide to Create a Painted Picture
It’s not uncommon to see business blogs about forecasting this time of year. However, it is typical that “forecasting” means money—budgeting for next year or maybe doing some workforce planning, which is still about money, at least in part. Of course that is really important stuff; but all too often business owners and leaders are so caught up in what …
Budgeting for Employee Benefits
One of the most common questions we hear when discussing benefits programs is “How much should I be planning to spend on this?” Well the answer isn’t so clear cut; it’ll depend a lot on the size and profitability of your company and on what you are trying to accomplish through your benefits package. What is clear is your benefits …
Follow Your Roadmap to Success – The Cultural Roadmap
A roadmap can serve many purposes. It can show you how to get from where you are to where you want to be, it can tell you how long it will take to get from one place to another, it can show you the obstacles or steps required to get there. It doesn’t always have to be about your physical location …
Holiday parties, it is that time again.
That time is upon us again. The chill is in the air, the goblins are going to be hitting the street looking for candy soon. Then come the Thanksgiving parties and before you know it Christmas will be here. If you haven’t already booked your location for your Employer-Sponsored Holiday party you should be doing that shortly. Holiday parties are …
Performance Appraisals – Open Letter From A Manager and Employee
There are many companies that have found a wonderful performance appraisal system while others continue to review systems to match their corporate culture. To all those companies that have found a great fit, I say bravo. To those who are still looking, take a deep breath. You may say I’m a dreamerImagine for a moment if you could say …
The Unintended Consequences of ACA – From the HR Trenches
So before my right wing and left wing friends think I’ve broken my oath to never publicize my political affiliations, let me make sure that you understand right here that this is not a political piece. Let me repeat, you’re not about to read a politically affirming written piece that you can turn into your own political view of the …
Ready to Share the Wealth? Creating an Employee Bonus Plan
There are many different meanings for the term bonus. Sometimes it means a profit sharing, variable pay, or incentive plan. Other times it means a cost of living adjustment or an award. Bonuses give you the opportunity to create the right kind of culture in your company.it The good news is that your business is finally making money. It’s a …