Knowing your net worth is a valuable figure to keep your finger on. Essentially, it’s how much cash and assets you have versus how much debt you owe. That’s how it works when you’re an individual, but when you own a business, the calculation gets a bit more complicated.
No matter what industry your business is in, a strong online presence is crucial for its continued success. With the explosion of the digital age came a huge shift from traditional marketing toward digital marketing, where the Internet allowed for convenient and ongoing communication between customers and businesses. Online reviews are now the primary way for potential buyers in the market to view actual consumer opinions regarding their purchases and experiences. Review sites don’t only benefit consumers though; they also provide plenty of advantages for the businesses themselves.
When it comes down to it, there are many costs that are directly associated with absenteeism. Many reasons for employees being absent, such as poor weather or traffic conditions, may seem innocent and justified. However, they can still have a major impact on your bottom line, and as a business owner, it’s important to know the causes and solutions to absenteeism.
Some sort of payroll process is necessary for nearly any business, regardless of its industry. However, there are some industries that need more than just basic payroll software in order to better run their day-to-day processes. Chief among these is the manufacturing industry. Whether it’s assembly work, machine operation, packaging, shipping, or supervising, organizations in this industry need to have a payroll software that can handle the intricacies of running a manufacturing business.
Keeping track of applicants for your organization is one of the most important aspects of managing a business, and the best way to do this is to use an Applicant Tracking System. An ATS will help you monitor certain analytics such as how long it takes, on average, to fill a vacant position and how often you’re hiring new employees throughout the year, thereby helping your business run smoother and more efficiently. Not convinced? Read on to see why you should be using at Applicant Tracking System for all your hiring needs.
As a business owner, one of the biggest concerns you might face is time theft. Did you know that nearly half of employees commit time theft in one form or another? As a matter of fact, 43% of employees accept pay for time that they have not actually worked. As the new year begins, you might want to consider ways to prevent this from happening in your business, because at the end of the day, time clock fraud has a big impact on your bottom line.