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Do you want to know how to reduce turnover in your business? This post is for you. Retaining employees is a big issue that most organisations of today face. Successful businesses and companies know how important the workforce is to their success. Hence, they continuously seek the best strategies to keep their...
The subject of employee turnover and how to reduce it is one on the minds of every business owner. Every year, statistics show that many businesses suffer from a high rate of employee turnover. This should be a concern for every employer who is committed to running a successful business. The reason...
What is automation in business? Time is money, and this saying is even more true in today's business landscape. So, businesses have to maximise their time if they are to remain relevant and profitable. That's where automation comes in. By utilising the power of technology, businesses can automate processes, streamline operations, minimise errors,...
Productivity is a popular word in the business and professional landscape. But what exactly does this word mean? What is productivity in business? Well, if you would like to get the answer to that question, then you need to read this article. Here, everything you need to know about productivity...
RIF in business is a term that describes the downsizing of the business workforce. This is not the most pleasant thing to do but there are times when taking this step becomes a necessity. This post dives deep into this concept by defining the term as well as exploring key...
What is an initiative in business? Businesses go through different changes and phases from time to time. These changes are often carried out through certain initiatives the business brings up. When business owners think they need to change the direction of their business, they often implement a business...
Running a business is a lot of hard work. An entrepreneur has to be dedicated, focused, hardworking, and conscientious to run a successful business. Of the many principles a business owner should have and teach, integrity is among the most important. That is why every business owner should know the answer...
What is HR in business? Have you ever heard the term HR before? It might sound like a couple of letters, but it's actually an essential part of a business! HR stands for Human Resources, which is all about the people who work for a company. From hiring new employees to ensuring everyone...
Sales and generating revenue are very important for any business to grow and become successful. When a business fails to generate enough revenue, then such a business is running at a loss. Business loss is a common concept that most business owners are familiar with. However, not all business...
So you want to have a better grasp of what a partnership is in business. In this post, we take a deep dive into the concept of business partnerships and their different types. At the end of reading this post, you'll be fully enlightened on this topic and be able...
Do you know what environment means in business? Do you want to learn more about this business topic? If yes, then you are in the right place. This article will serve as your guide on everything relating to this topic. It will answer the question, "what is environment in...
Do you want to know what overhead is in business? You may be quite familiar with this business terminology but don't have an in-depth understanding of all it entails. Not to worry, this article will rectify this situation. It shares in-depth knowledge of what overhead expenses are in business....
Growth and scaling are two favourite words of most people in the business world, and you would not be wrong. These words are so commonly used that some people even think of them as cliché. But the truth is they are not. However, despite how often these words are...
The profitability of any business heavily depends on its operational productivity and efficiency. A company may have several customers but still have profitability issues if it delays meeting their needs. To ensure smooth operations in your company, you need to learn about bottlenecks and how they can affect a...
