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BusinessHub

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

 

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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Why Companies Should Help Employees Retire on Schedule

When it comes to retirement readiness, the numbers are not encouraging: according to investmentnews.com, more than half of our fellow Americans do not have enough retirement savings to cover their living expenses after they leave the working world. Have you considered how this lack of planning and funding might affect your business?

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The E-Verify Program: Why Your Company Should Participate

In 2012, a popular San Antonio-based restaurant chain with locations throughout Texas was forced to temporarily close its doors after a number of employees quit work when they learned the company was undergoing a routine audit of their Form I-9 conducted by U.S. Immigration and Customs Enforcement (ICE). According to the company’s prepared statement: “Several vital employees have chosen not to report to work …. [t]his has affected our ability to provide our expected level of service to guests.”

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Why You Should Offer an Employee Assistance Program (EAP)

May 2017 marked the 68th anniversary for the observance of Mental Health Month, opening the discussion for why companies should consider offering an Employee Assistance Program (EAP). An EAP provides free and confidential assessments, counseling, referrals, and follow-up services to employees that experience personal and/or work-related problems. Each year, more than 40 million Americans experience mental health conditions, including depression, anxiety, stress, bipolar disorder, post-traumatic stress, and substance abuse, and an EAP is an additional tool you can have in your toolbox to keep your employees healthy in both body and mind. EAPs also help businesses address organizational components that may be contributing to a negative work environment, so they're able to resolve and prevent those types of issues from occuring.

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Why More Americans Are Delaying Retirement

I am several years away from retirement, and while I sometimes daydream about the day that I'll officially retire from the "rat race" (particularly on those long, tough days at the office) and trade my suit and tie for hunting gear, I recently learned that many Americans are delaying retirement. I found this surprising, so I sat down with Reuben Escobedo, Retirement Plan Specialist at SWBC, who has nearly 17 years of experience in the financial and retirement industry, to learn more about this trend and find out just why so many Americans are delaying their exit from the workforce.

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2017 Recruiting Trends

Recruiting top talent continues to be a high priority, as it has been for years for companies. Successful companies understand the need to invest in a solid recruiting program, as a company is only as good as its employees. With the job market on the upswing, job seekers generally have more options when seeking employment.

"I am convinced that nothing we do is more important than hiring and developing people. At the end of the day you bet on people, not on strategies."—Lawrence Bossidy, former COO of GE.

LinkedIn's Global Staffing Trends 2017 survey found that 57% of recruiters say their biggest challenge this year is competition for top talent. As we march ahead through 2Q of 2017, how do your company's recruiting efforts stack up against five of the declared industry trends for this year?

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Employee Versus Contract Worker: Which Should You Hire?

Hiring an employee versus a contract worker can lead you to ask a variety of questions about the differences between the two, but the type of work you need in your organization will ultimately determine the best choice for you.

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