Archive for October, 2016
If you are starting the hiring process, working with experts in hiring and recruitment makes a lot of sense. Experts at executive search firms can be very helpful in hiring new staff that will stay with your company for a long time. It is estimated that 22% of new hires leave their jobs within 45 days. Common problems they encountered were include poor performance and temperament issues. Employment issues can cost a company anywhere between 30% to 150% of that person’s salary. Companies that have programs for employee programs report that their workers are happier. Here are some questions you should ask before you hire an executive search firm.
- Get their completion rate. Not all searches are successful. You need to find out from the talent acquisition management service how often they are able to successfully place applicants in jobs. You want some assurance that the time and money you put into the hiring process will be worth it. You need to get specific numbers on this point.
- Ask about who at the executive search firms will do the actual work. Often executive search firms do not have the same staff member who signed a new client do the actual job search work. When working with HR executive recruiters, it is important to know when you sign the paperwork who exactly will handle your project.
- Ask about how many search projects they have at the same time as yours. That can change at just about any time. If they have a lot of projects make sure yours will get the attention it needs and deserves.
- Ask for a timeline. You should be able to get a timeline from the executive search firm. They can tell you when they will complete the research phase into the process and start bringing in candidates for you to talk to. Some of this has to be flexible as your time has to scheduled so they can really get to know you and determine what you needs are and to develop a plan to address them. You can get from them a basic estimate of how long they expect your project to take.
- Ask about their guarantee. Many executive search firms offer guarantees of their work so if they are not successful the first time they try to place an applicant in a position. They basically will do the job a second time if the first placement does not work out. This gives you a sense of security and gives the firm more of an incentive to get it right the first time.
- Ask about happens if a search needs to started over mid process. The vast majority of executive search firms will stick it out with you until they find the right person for your opening but there are times when that is just not possible. If something changes so drastically that you have to alter your arrangement with them and start everything all over, you should know what your options are. It is always preferable to stay with the same company throughout the search but sometimes that is just not possible.
- Ask how they do their interviews. There are a lot of ways companies screen job applicants. There are regular phone calls, Skype call or in person. Each offers its own distinct pros and cons. You can also get different amounts of information from each method. You will want to know what the executive search firms do about interviews and what their methods are. Some use personality tests and others use skills tests to measure their candidates.
- Ask about their deliverables. You want to get a schedule for the deliverables they will give you for the hiring process. You should know what is expected of you and them to keep everyone on schedule and on task. The hiring process is longer than people expect and you want to know that progress is being made on your project.
The task of finding and hiring new staff is long and arduous but it is critically important to the success of your business. When you go with an executive search firm, you have experts in hiring on your team and you up the chances that the new hire will be successful.
For any business, one of the most important business processes that need to be on point for smooth day to day operation is communication. Businesses need robust, efficient and scalable lines of communication both internally and externally to function productively, and the quality and performance of these lines of communication achieve a lot in the normal functioning of any business. Whether it is people in the business communicating with each other, smooth communication with customers and prospective customers, open lines of communication with vendors and business partners or communication while on the move, the need to have the right kind of communication in an enterprise setting is something that cannot be ignored, and businesses strive to find the best tools for the job all the time.
If you are in charge of setting up robust lines of communication for a business, or have been tasked with the responsibility to revamp existing, outdated communication infrastructures, there are quite a lot of possibilities in this modern world. With the advancement in technologies and new innovations having been ushered in, a lot can be achieved if you look at modern solutions which are tailored for business needs. One of the ways you can achieve this is by availing the services of a reputed IT support company that offer VoIP solutions. With the right VoIP services company, a lot more can be achieved than traditional, wired phone lines, and this might be the welcome boost your business communication desperately needs.
So, what can VoIP really add to your business communication, and why should it be considered a viable solution to your requirements? The answer lies principally within the underlying technology, and the power and features that VoIP can offer due to that technology. Instead of using a wired network, VoIP solutions use the internet as a pathway for communication. VoIP phones connnect directly to the internet, and the internet connection is used to transfer voice and other kinds of data from one point to another. When it reaches its destination, the data can be directly transformed to another VoIP device, and this is the way the technology operates, making it very close in actual functionality and convenience to wired phone connections, but very different in terms of features, scope and price.
The first and one of the most important advantages of VoIP is the fact that it uses the internet for making connections. At the surface, this means that your office can now be free from the cable clutter that used to come from wired phones and PABX systems, and everything can now work off the internet. The fact that VoIP uses the internet for communication also means that over time, it can be significantly cheaper to use that traditional phones, and if you want better communication at cheaper prices, VoIP solutions can definitely give you a significant edge.
What about features, then? Here, again, the same detail makes a difference. Using the internet for communication opens the doors to use VoIP solutions for achieving much more than just voice calls. In fact, enterprise grade VoIP solutions can integrate a host of other important features like video calls, video conferencing, fax solutions, email and file sharing. VoIP is also compatible with mobile devices, and you can stay connected from anywhere in the world with only a capable internet connection. The medium is also easily scalable at very little cost, and adding new communication lines does not have to involve running wires or investing in more expensive hardware. The rich feature set, vertaile communication options, easy scalability and inexpensive long term use make VoIP solutions an attractive alternative for any business scenario.
If you are looking for a solution that significantly improves your business communication, adds more important feautures that can be creatively used to boost productivity, costs less in the long run and is independent of things like cables and PABX systems, then VoIP solutions might be just the thing you are looking for. With the right provider handling the planning, installation and maintenance, you can achieve a major boost for your business communication, with the room to add more features and lines to your existing network later, for very little cost.
Every year, more than 5 million new American business owners do their best to take their companies from the ground floor to the stratosphere: unfortunately, most new businesses fold after the first year. The percentage of businesses that can survive more than five years remains relatively low. What is the secret to forming a successful small business? Are there any tips and tricks that successful entrepreneurs know that they’re not telling the rest of us? An important aspect of getting a business up and running is knowing your local audience, but internet marketing and advertising is also vital in this era of ecommerce.
Some entrepreneurial magazines recommend that new business owners think about their investment costs versus their reach, which means that you want to be sure that you can recoup your investment costs within a reasonable timeframe. If you are opening a coin laundry, for example, you may have to purchase expensive equipment and rent a building to house it. Do you have the customer base available that is willing and able to patronize your new business? Industrial laundry may have surpassed the $7 billion mark, but coin laundries can be hit or miss, depending upon the neighborhood.
The average coin laundry generates more than $15,000 every year — some laundry owners report that they gross more than $200,000 — but if you are opening it in an area where private homeowners largely have their own washers and dryers, you could be dooming your new venture before it even begins. It would be much more lucrative, in that instance, to situate your coin laundry in an area of town where people want the service that you are providing. In general, not doing market research can be extremely costly.
There are so many kinds of small businesses that it can be difficult to figure out which direction to take your investment capital. One potentially lucrative sector of private industry is rotomolding, or rotational molding: a hollow plastic locker, plastic pallets, recycling carts, and rolling laundry carts are all examples of products that are made via rotational molding processes. What distinguishes rotomolded products is that you are able to make smaller lots: you’re not committing to thousands of products that might take a very long time to find a buyer. Also, rotomolded products do not have any wasted material. The plastic molding process also produces items that are of a piece: there are no seams.
Rotational molding works well for products that are hollow and relatively large: a rotomolded plastic locker for fishing or hunting can include custom graphics, and then shipped to customers via the internet. You may want to invest in rotomolded products like a custom plastic locker or larger first aid kid for use in cars and on trucks. So much of investment and starting businesses depends upon knowing your audience and then making products that you know they will want to use. Hotel chains will need rolling laundry carts, but they could also use a plastic locker to keep certain chemicals safe. Find a good quality product that you know you can sell, or a service that you know you can provide, and start looking for your customer base.
Not everyone believes in luck, but there are times when even the most well thought out businesses fail. Management is experienced, employees are enthusiastic and able, but the market will not bear even an inspired idea. What makes some businesses fail and others succeed? Small business owners around the world are looking for a consistent formula that they can use to assure themselves and their investors a successful outcome, but the solution has proved elusive to date. Keep investigating new production methods and be willing to reach out to customers online. Do your market research and trust your instincts: you stand a good chance of making it to the five year mark and beyond.
There appears to be a shortage of skilled candidates in various employment sectors, according to a recent survey. When polled, 71% claimed to have experienced a lack of skilled applicants in 2014, which was slightly lower than in 2013, when they reported a 76% shortage of skilled candidates.
This is one of the many reasons how recruiting services can be of benefit to search for and locate skilled candidates. In 2013, for example, 5.9% of the companies polled stated that their external hires were handled by recruiters. Furthermore, not only was this figure doubled from 2012, it also represents the most substantial increase in well over a decade.
This rise in the use of recruiting companies demonstrates that they are able to find prospective candidates with the right skill sets. There is also an increase in the number of executive search agencies, according to the U.S. Bureau of Labor Statistics.
The U.S. Bureau of Labor Statistics figures for 2009 indicate that even with the recession, recruiting firms hired 26,100 workers. Furthermore, the most recent figures indicate that there are approximately 41,400 people working within this field.
In 2013, qualified candidates were primarily located through applicant tracking systems. Additional qualified candidates were discovered through referrals as well as social media, however.
When attempting to fill temporary, contract, and permanent positions, these recruiting companies averaged the following time periods during 2013:
- Temporary: six days
- Contract: eight days
- Permanent: 32 days
According to a report issued by The Association of Executive Search and Leadership Consultants, there was an 11.3% increase in the number of searches they conducted in North America alone.
One of the combined fields experiencing exponential growth is the Internet of Things (IoT) and the Enterprise Internet of Things (EloT). Business enterprises, home use, and government positions comprise the three core sectors of this burgeoning industry. EloT is experiencing the largest growth, however.
How is this significant? For one, there are currently 13 billion devices that connect to the Internet. By 2020, this figure is expected to rise to 50 billion. This means employment opportunities for individuals skilled in the various aspects of this and related fields.
Furthermore, there is increased spending–approximately 4.3% every year–on electronic security products
and services. This also means additional employment opportunities for skilled workers in the information technology (IT) field.
What types of positions are available within the IT and IT security field? There are a variety of position titles, including support positions, that encompass the broad nature and demand within this field:
- Engineering design
- Marketing manager
- Solutions architect
- Technical service engineer
- Vendor management
- Vertical market sales
In addition, the U.S. Bureau of Labor Statistics provides a list of related positions within IT security:
- Computer and information research scientists
- Computer and information systems managers
- Computer network architects
- Computer programmers
- Computer support specialists
- Computer systems analysts
- Database administrators
- Information security analysts
- Network and computer systems administrators
- Software developers
- Web developers
When one or more positions need to be filled by skilled candidates, utilizing the services of specialized recruiting companies, such as IT security recruiters, can make a major difference in maintaining workplace efficiency and productivity.
While both the public and private sectors expect to provide some on-the-job training specific to their individual operations, the more experienced and skilled the employee, the less time usually needs to be spent on this individualized training.
IT security recruiters understand what is needed within this specialized field. Furthermore, before IT security recruiters begin to conduct a search for ideal candidates, they will compile a detailed list of a company’s specific requirements.
When it comes to your financial growth, you want to make sure that you’re hiring only the most successful financial advisor. As a Millennial, you are now entering the work force with full strength and you want to make sure you are making all of the right decision for your future. Investing is going to be a huge part of your future and getting started on it now is one of the best things you could do for your wealth. Here’s some ways employing financial services can help you build your business to the next level.
You Will Be Able to Invest In Your Retirement Now
One of the things you may not be worried about now as a Millennial is your retirement. However, the generation before you wasn’t as concerned about their retirement and this has led to many of them being in a rut about whether they are going to be able to retire. It’s important to think about your retirement now, while you are the most active in your career and finances.
Your retirement should be important to you and it’s time to look into 401Ks and other investments. Financial services can help you with setting these up, especially if you aren’t full-time at a company that offers these incentives. Private companies can help invest your money into the best stocks and give you more freedom than most other companies would provide you if you got it through a corporation.
Your 401k is going to be your financial wealth in the future and can be accumulated to triple or quadruple what you put in it throughout the years. Put as much as you can throughout the years so you can accumulate even more, quicker.
You Can Pull From These Funds Whenever
Most of the investment plans can be pulled from at any point. This means that if you’re having some financial hardships and need to cash in on part of your investment or all of it, your financial service advisor can help maximize your profits in a shorter time and give you the freedom to cash on it. Regardless if you do it in your younger years or in your older years, having these investments can protect you from major life events.
If you recently lost a job and can’t find a new one, this is where most Millennials will find use for their investments initially. As you build yourself up and begin getting more into the business world, you may need initial investment money to pull you through the hard times. This is one of the benefits of investing as early as you can. The more time you take into early investment, the sooner you can pursue your business ventures with financial security.
Save for Your Children’s Future
It’s coming for apparent now, more than even, that saving for your child’s future is going to be crucial. With the expenses of college overwhelming so many Millennials, many of them don’t want their kids going through the same fate as them. This is where investing and growth in your finances is going to be needed. You want to make sure your kids are protected and don’t have to worry about money when it comes to going to the college of their dreams.
There are many different plans that your financial growth advisor can help you get into and develop your investments even further. If you can invest in more companies, it will be better for your financial future. Just like anything in life, you don’t want to put all of your eggs in one basket. Your financial advisor will know this and help you get the most investments using the smallest amount of money that will yield the highest return.
Your Financial Growth Group Should Help You With All Finances
No matter what your financial situation is right now, your financial group will be able to help you plan for your future. Even on a small budget, you can grow your savings even further. The sooner you start putting away money, the sooner you can start collecting the interest rates (if going into certain accounts) or collecting on stocks. Moving around to different stock options throughout your financial journey are going to be crucial to the growth of your wealth.
Few companies would disagree that listening to your customers is crucial to business success. Considering that typically only 4% of dissatisfied customers are actually heard by an organization, then need to listen seems overwhelmingly strong. While social media certainly has a role to play in connecting companies with their clientele, the humble telephone is still the preferred form of contact for over 60% of American customers, at least when it come stop customer service. Little wonder then that more companies are opting for 24 hour answering service facilities to ensure that customers can reach them at any time.
Studies have found that such 24 hour answering services can improve customer satisfaction because of their always available nature and the feeling that customers can always contact the business. Most business telephone answering services can assist with customer concerns, complaints and questions quickly and easily and are more affordable than most would expect.
Customer service ranks highly for most customers, with close to 60% saying they would switch brands for better customer service, close to 80% saying that an intended purchase had ended as a result of a negative customer service experience, and over 55% indicating they would pay more for better customer service. In fact, online purchases would be abandoned by as much as 45% of those surveyed if they were unable to have their concerns or questions addressed swiftly.
News of poor customer service spreads quickly in a social age and in fact most people are twice as likely to share such negative experiences with their social circles, including family and friends, than a positive one. It takes as many as 12 good customer service experiences to negate just one poor customer service experience. Good customer service can result in as much as 81% of those surveyed returning to a company to purchase when they are next in need of a particular item. Customer retention can have a huge impact on business success; as little as a 55 rise in retention can increase profits by as much as 125%. Studies have shown that those that prioritize their customer service tend to enjoy profits was much as 60% higher than their competitors who do not.
Investing in a professional answering service or virtual receptionist services makes sense in an increasingly competitive business environment. A live operator answering service can make all the difference to the success of your business.