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Five Strategies to Cut Costs as a New Business

Strategy Driven

As a business owner, you need to be looking at ways to make your enterprise more cost-efficient. Here are five strategies to help you cut costs as a new business, which one will you try first? Outsource Effectively Outsourcing is a key way to grow a business while keeping an eye on costs.

Cost 92
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5 Fleet Management Hacks to Keep Your Company Costs Low

Strategy Driven

Efficient fleet management is an essential aspect of running a successful business, especially for companies that rely on the transportation of goods and services. Why Efficient Fleet Management Is Good For Your Bottom Line Efficient fleet management is integral to the financial success of any company with a transportation component.

Cost 96
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On-The-Job Training Shouldn’t Be Underestimated

The Horizons Tracker

A study from the University of Auckland highlights the importance of on-the-job training. It found that employees who are overqualified or have skills that exceed their current job requirements are less likely to quit if they have access to training at work. This could represent an important shift in mindset for managers.

Training 105
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Empowering Employees Through Training and Certification

Strategy Driven

Health and safety training not only equips staff with the knowledge to identify and reduce potential hazards but also creates a culture of responsibility and care. For businesses in the UK, this training is more than a regulatory requirement, it is a proactive step towards safeguarding their most valuable asset; their employees.

Training 115
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Absenteeism in the Workplace: The Hidden Costs and Effective Strategies to Manage it

HR Digest

Absenteeism in the workplace can be a significant challenge for organizations, resulting in decreased productivity, increased costs, and a negative impact on employee morale. A key factor in managing absenteeism is understanding the hidden costs associated with it. Here are a few more strategies.

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The Right Way to Cut Costs

HR Digest

As HR leaders, managing budgets and finding ways to cut costs without compromising employee satisfaction and productivity can be a daunting task. But how can you ensure that you are making the right cost-cutting decisions? So let’s dive in and discover the key principles of cost-cutting that every HR leader should know.

Cost 105
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How to Effectively Train Employees

HR Digest

Asking the right questions before selecting or designing an employee training program can help determine whether the handpicked approach is the right solution or whether there’s an immediate need for performance issues to address. Why is it important to train employees? What are the key points of effective employee training?

Training 115