Employee engagement is an essential metric that influences the performance of all companies. When two or more employees are working for you, consider yourself responsible for their happiness, productivity, and engagement.
Like every other employee in his company, Sameer Juan had been waiting for this day. It’s payday! Every business owner and company know that their employees look forward to it. For Juan, this third pay slip is supposed to include all the expenses that he had incurred in the previous month. There were medical bills, traveling expenses, and a one-night stay at a three-star hotel in LA, all of which are supposed to be reimbursed in this month.
One of the most common questions in the HR world is “How do I keep employees happy?”. Well, aside from having a great company culture, one of the major ways of retaining your employees and keeping them happy is by offering them a good benefits package. Many small business owners make the mistake of thinking they cannot afford to offer benefits, but the truth is that offering a robust benefits package to your employees will have a positive effect on your bottom line. After all, it’s your employees who keep the company running.
Whether you’ve been involved in social media since the early Myspace days or it’s a bandwagon you’ve hopped on recently, there’s no denying that social media is no longer solely for millennials. Since the dawn of the internet, social sites like Facebook, Linkedin, Twitter, Snapchat, and Instagram have become an integral part of our society, and this is particularly true for the business world. According to a 2016 study from CareerBuilder, the number of employers using social media to screen candidates has increased by over 500 percent of the last 10 years. This alone is proof that this isn’t a trend that will be going away anytime soon, and screening candidates is just one of many uses the HR has at its disposal when it comes to social media. By using the various sites listed above, you can improve your recruiting methods, increase employee engagement, and enhance your overall brand. Here’s how:
Companies with engaged employees outperform those without by up to 202% (Source: Gallup). A national study by Dale Carnegie Training placed the number of “fully engaged” employees at 29% and “disengaged” employees at 26%, meaning 71% of employees are not fully engaged or productive. It’s a beneficial trail for companies to recruit, hire and maintain engaged employees. This can be accomplished faster and easier when using Applicant Tracking and Onboarding software. The below flow chart shows you a brief breakdown of how increased employee engagement will ultimately lead to higher levels of profit.
The hiring process as a whole can be quite a costly venture. It’s impossible to put an exact price on what each new employee is going to cost you, but HR professionals everywhere agree that it is not cheap. Unfortunately, there isn’t much you can do to limit this price short of focusing time and energy on your employee retention rates. However, it isn’t just the monetary cost that makes hiring new employees such a headache. The time it takes to gather all the new employment documents and ensure they’re completed accurately alone is rather daunting, and that says nothing about the work that needs to be done after the employee starts. Often times the first day or two of a new hire’s training results in them filling out mounds of paperwork, and that doesn’t leave them with a great first impression of your company. With Dominion’s Onboarding software, you can say goodbye to this cluttered, unorganized process and say hello to a streamlined method that will save you time and boost your new hire retention.
With the holidays come many half-empty offices. Many are taking time off to spend with their loved ones, and some are simply looking to ‘unwind’. I am a huge proponent of taking time off and what better time to do so than the holiday season. Sometimes though, it can be difficult to get back into the swing of things post-holiday vacation. If you’re feeling like your office is needing a boost to get things back to normal there are some features you can use in your payroll software to get your employees involved and get them back on track.
Whether it is dropping the kids off at daycare, running into traffic, getting a flat tire, or simply missing your alarm, excessive employee tardiness is becoming increasingly troublesome, costing employers serious money. According to a recent study, an employee who earns a salary of $55,000 per year costs their employer $17.92 every time they arrive 15 minutes late (1). This might not seem like an astronomical number, but when you have several employees abusing their privileges this number quickly multiples. So how can you manage employee tardiness without focusing all your energy on the matter? It all starts with using the resources already in place.