BusinessHub

If you’re planning on selling your business, you already know that there is no end to the important factors you need to consider before the sale. One of the strategic planning issues that often goes overlooked by business owners is the importance of securing key employees before the company is sold to ensure a smooth transition and command maximum value for your company.

As an employer, you have many responsibilities. Aside from building a successful business, you also have a number of obligations to your employees. In a job market with unprecedentedly low unemployment rates, employees have the upper hand when it comes to their job prospects. Given this fact, in order to attract and retain top talent, businesses must not only strive to offer their employees competitive employee health benefits packages, but they must also provide them with career growth and development opportunities, such as upskilling.

For job seekers, a strong economy and low unemployment numbers have created an environment in which they hold the upper hand in hiring and salary negotiations. As a result, many have begun asserting their right to “hold out” for the best offer.

Wellness programs started as a perk for large corporations and have since become an attractive employee benefit for businesses of all sizes. Implementing and supporting a corporate wellness program is one way that many businesses are trying to build a culture of health and fitness for their employees and their bottom line.

Building a team of trusted and knowledgeable individuals to lead a business takes time, and once you have those employees, you don’t want to lose them. Talented employees know the value they bring to a company, and it’s important to them to receive a compensation benefits package that meets their needs. Keep reading below to learn about the importance of compensation benefits to key employees and an organization!

Though trends often come and go, cost-saving movements tend to gain momentum and stick around—particularly for businesses. One area frequently targeted for savings by employers is employee benefits. It’s easy to see why companies are trying to reduce costs: according to the U.S. Department of Labor, employee benefits account for about 1/3 of total spending on employee compensation.

An employee handbook is a critical element of your business, but it can also be overwhelming to develop when you consider all of the information that should be included.

Your employee handbook sets proper expectations for new hires and should be a valuable resource for existing employees to review policies and find pertinent information that they may have forgotten, such as your FMLA policy or disability benefits.

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.

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?

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.