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It’s the question every small business leader dreads: “Can I have a raise?” It’s not that you don’t want to grant your employees a raise — especially when they deserve it — it’s that you simply don’t have the budget right now.
If you’ve ran the numbers and there’s simply no way to offer your employee a raise right now, it is best to be honest with the employee and explain the situation.
Small business owners already pressed for time and eager to fill vacancies may gloss over the process of checking references. But skimping now can result in major repercussions later when a bad hire takes a toll on the company and forces you back to recruiting from square one.
View reference checks as a valuable opportunity rather than as a chore, and go beyond simply verifying titles and dates of employment.
Did you know that the vast majority of job seekers visit a company’s career site during their job search? For small business employers, it’s even more essential to have a dedicated career site — a place where you can educate job seekers about what makes your company unique and why they should work for you — in your own words and on your own terms.
Think employers have no business worrying about what employees do with their paychecks? While you certainly can’t dictate your small business team’s personal spending, it does make sense to know how your workers fare. Recent CareerBuilder research found that 37 percent of employees at small businesses feel they usually or always live paycheck to paycheck, and 67 percent are in debt.
As a small business leader, you undoubtedly realize the importance of selecting the right employees to help your company succeed. This pressure to make a good hiring decision can turn the hiring process into a stressful venture. A bad hire can damage your company’s progress and force you to waste valuable time and money recruiting a replacement.
Unfortunately, even the most seasoned business professionals make hiring errors.
As a small business owner, you hold a double-edged sword when it comes to conveying information. While you get the thrill of announcing a major new client or offering a promotion, you also bear the burden of revealing budget cuts and other negative news items. The family-like atmosphere of your workplace can make communicating bad news particularly hard because of closeness to the people involved.
For the month of August, we’re taking over Talent Factor to look more closely at CareerBuilder’s recent acquisitions — and how they’re making a big impact on your business in 2016 and beyond.
Did you know? The average company uses over 15 different tools to source and manage candidates, according to internal CareerBuilder research. But is all of this technology doing more harm than good?
Let’s face it: Every small business leader needs a little extra inspiration sometimes. Watching a TED Talk can be a great way to discover new ideas or new ways of thinking in an entertaining and educational format. And because they are relatively short in length, you can watch them when you’re pressed for time or “on the go.” Below are five TED Talks that speak particularly well to small business leaders.
Even in a post-recession environment, many working Americans are still struggling with anxiety over their finances. Three-quarters of Americans are living paycheck-to-paycheck to make ends meet, according to a survey from CareerBuilder, and while making ends meet is a struggle for many post-recession, those with minimum wage jobs continue to be hit the hardest. Of workers who currently have a minimum wage job or have held one in the past, 66 percent said they couldn’t make ends meet, and 50 percent said they had to work more than one job to make it work.
Do you know what your employment brand is? Most companies are aware of their consumer brand – that is, the reputation they have among customers as a product or a service provider; however, far fewer know what their employment brand is – that is, the reputation they have among employees as a place to work. And yet, every company has an employment brand.
All people tend to work for the same reasons. Money usually stands at the top of the list, but holding a job also creates pride in one’s skills and satisfaction from contributing to something meaningful. Many individuals with physical or intellectual challenges want these things just like anyone else, but they often find it difficult to secure opportunities. In fact, 2015 data from the Bureau of Labor Statistics shows the unemployment rate for persons with a disability to be more than double that of someone without a disability (10.7 percent vs.
For the second month in a row, U.S. job growth exceeded economists’ expectations, according to the latest BLS employment situation report.
According to the report, released today, the U.S. added 255,000 jobs in July, after economists predicted the U.S. would add 180,000 jobs. This is the second time in two months job growth has exceeded expectations – 287,000 new jobs were created in June, up from the 180,000 new jobs expected – and a giant contrast from May’s remarkably weak job job growth (38,000, which would later be revised to a pitiful 11,000).