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BusinessHub

SWBC's BusinessHub blog is a one-stop resource for business owners and company decision makers.

 

5 Ways to Build a Successful Internship Program

Let's be honest, we've all worked at companies where college interns are thought of as the bottom man or woman on the totem pole. You may have even been at the bottom of that totem pole yourself some time ago! Interns are asked to do the most minuscule tasks like grabbing coffee, filling up the copier with paper, sorting mail, and anything else you can imagine. Although these tasks need to get done, could your intern be utilized in a way that is more impactful and beneficial to your company? Here are a few things to keep in mind when hiring your next intern to help you build your very own successful internship program.

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How Employee Diversity Benefits Your Business

Companies strive to stay competitive either through the products they sell or through superior customer service. But, with stiff competition, particularly on the recruiting front, there’s another way companies across America are trying to stand out—hiring a diverse workforce. So, what does a diverse workforce look like and how can your company benefit from it?

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5 Steps to an Effective Benefits Communication Program

Offering your employees competitive health benefits is only half the battle. After you’ve shopped around to find a plan that works for your business, your employees, and your budget, the next obstacle you face is effectively communicating the plan benefits to your employee base. It can be a time-consuming task so we’ve compiled a list of helpful tips and best practices to help you streamline the success of your benefits communication program.

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5 Ways to Improve Your Hiring and Onboarding Process

Do you find it difficult to find the right candidates for your company's open positions? Well, you're not alone. Finding the right talent can seem like you're on the losing end of a never-ending battle because you're competing against comparable businesses looking for the best talent and other larger corporations that have more resources to utilize in the quest to find the perfect employee. But, by evaluating a few hiring tactics within your business, you can increase your chances of finding top-notch job candidates.

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How to Save Up to 15% on Employee Healthcare Costs

Running a small businesses can be tough. Between staffing, compliance, policy creation, managing payroll, financial reports, and the 2,000 other things you have on your plate, sometimes the time you have “left over” (if there’s even such a thing) is marginal, at best. Consider the ins and outs of your responsibilities as an employer which include ever-changing regulations as they pertain to employee benefits, and well, you have yourself a recipe for stressed-out-losing-sleep-can’t-concentrate-on the-big-picture disaster. Welcome to running your own business!

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Is Value-Based Care Right for Your Company?

The United States spends over 18% of Gross Domestic Product (GDP) a year on health care. The rate of growth in healthcare costs has become unsustainable and employers are now searching for innovative ways to reduce costs while providing competitive benefit programs for their employees.

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Split-Dollar Insurance: Life Insurance for Executives

If you're looking for a unique benefit solution that will provide your business’ key executives with life insurance and supplemental retirement benefits, split-dollar life insurance fits the bill perfectly.

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How Student Loan Programs Could be the Key to Employee Retention

Employers are consistently touting the importance of their employee benefits program as a key tool in the recruiting and retention of talent. It has also been reported through the Society of Human Resource Management (SHRM) that 60% of employees consider their benefits an important aspect to overall job satisfaction.

Benefits are no longer a secondary consideration for prospective talent, and employers understand that to keep valuable employees they must focus on providing the right benefits for their employee population.

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Protect Your Key Leadership from Recruiters

As a business owner, you likely already spend a significant amount of time searching for and hiring employee leaders. Once you have the right people in your employ, you want to guard against others tracking them down and poaching them. When employees leave, you not only lose the knowledge and experience you've spent time instilling in them, but you also may lose customers who prefer to continue working with that one employee rather than with the employees remaining at your company.

Here's how you can protect your company from losing key leaders when recruiters call.

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Kick Your Company Communication into Overdrive: Part 1

Communication—especially in the workplace is critical to a healthy work environment. Whether you’re in management or not, effective communication among coworkers and employees can make or break your working relationships. Face it, we spend more time at work than at home so building healthy relationships with coworkers is key. To help you kick your communication style up a notch, we are giving you 20 simple tips—10 today and 10 more in Part 2 of this article—to help you improve your communication skills and build stronger relationships with your coworkers.

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