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What your startup needs to know about the cost of human resources

HR Digest

Do you know the cost of human resources to your company? Human resources can be a huge expense for any company, sometimes without even realizing it. This article will go in-depth into what HR entails , how much it costs, and some tips on handling these expenses. What is the cost of human resources?

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The Best Things in Business are Free

In the CEO Afterlife

I’m not referring to a bunch of “buy one get one free” promotions or deep discount sales events. I’m getting at the elements of business that drive superior performance at no extra cost. Stop worrying about low-cost foreign competition and the state of the economy or your industry. A good leader costs as much as a bad one.

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Checklist for HR Department: A Step by Step Guide

HR Digest

So in the long term it makes sense to have an in-house HR department, as it is more cost effective and efficient. Startups rarely have a dedicated HR staff, and often there’s one person handling all human resource affairs such as hiring, payroll, benefits and compensation, grievances, and other employee-related tasks and queries.

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4 tips for improving and expanding your business

Strategy Driven

If you are going to improve the efficiency and cost-effectiveness of your business, you will need to have a strong plan in place. Invest in your human resources department. If you are going to have the manpower to grow your business, you will need to invest heavily in your human resources department. Strategize.

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Keeping Staff Healthy To Minimize Financial Loss During Winter

Chart Your Course

This can be both frustrating and debilitating from a business standpoint with the Harvard Business Review reporting that sick workers cost American businesses in excess of $225.8 If you have some extra space on the premises consider opening an onsite fitness center or alternatively give employees discounts on local gym memberships.

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How are you doing on price? :: Women on Business

Women on Business

In a lean economy, many sales and business development people feel obligated to discount their prices; at least, the discussion of price and where it fits in the sales strategy becomes more important than ever. I’ll say at the outset that The Whale Hunters way is never to discount a price.

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Building Customer Loyalty :: Women on Business

Women on Business

It costs 5 to 10 times more to attract a new customer than it does to keep an existing one. Let me share a few statistics to support this point: 65% of your business comes from existing customers—over half of your business is repeat customers—or at least it should be.