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5 Ways To Find Great Financial Talent

Saving money for a kid

In order to run a small business well, one needs to make sure that he or she has the talent base necessary to make this a reality. It is not necessarily as easy as you might think to find the right people out there who can get the job done correctly the first time. It takes patience and time to find the right individuals and you might even have to use outplacement services, but you can do it. We will give you five tips on how to find and keep that talent today.

 

1) You Don’t Have To Just Hire Those With Degrees In Finance

Yes, it does seem ideal to hire people who have a degree in finance, but they are not the only ones with something to bring to the table. It turns out that those who have pursued other types of education often have crossover talents that work great in the world of finance. It is also a fact that those with their finance degrees are going to exist in a pool that is already overfished. Every company starts there, so why not take an alternate route and try something different?

 

2) Find Natural Leaders

Those with good communication skills are often the kind of people that you will want to promote into leadership roles. This does not mean that you have to exclude people who might be introverted, but it does mean that you have to have a keen awareness of who among your group really does possess the talent necessary to lead a team of people within your business structure.

 

3) Look For People Who Take Pride In Their Work

You will actually want to try to find people who take pride in the work that they do for you and also strive every day to make your business stronger. This is because they have fully invested themselves in the mission that you are pushing forward as well. There are not necessarily a lot of these type of people out in the world. So many are interested only in going after whatever will make them personally wealthier and more enriched, but there are some who still get it. They understand that when they work on building up the business that they are working for that it ends up benefiting them in the long run as well. You have to find those individuals.

 

4) Keep The Current Team Happy And Word Will Spread

As long as you can keep the morale up around the office as it stands right now, word should start to spread to those with the talent that you are looking for that you provide a great place to work. Think about workplaces like Facebook and Google. No one has to tell you that these are great places to work, you have already heard about it on the news or elsewhere. You already know it and so does the rest of the world. This is all because of word of mouth advertising of those companies as places to work. When you start to think about it like this, it is pretty clear that you need to do what you can to keep your current people happy by making the office fun.

 

5) Hire From The Competition

There is nothing wrong with trying to snag away some of the best talent from your competition so long as you are doing so in an ethical way. This is just a way to build up your business and remain competitive in the always competitive business environment. It is a war out there, and you need the best men and women available to help you fight those battles. Consider hiring some of those talented individuals from the competition as a shortcut to finding the right crew for what you are attempting to do. You will not regret it when those new employees begin to produce some serious results for you right off the bat.

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How Happy Employees Boost Your Revenue

running a startup

When business owners motivate their employees and increase engagement, businesses succeed. In the age of technology, businesses need their employees to produce more efficient work to increase revenue. It is human nature to have an increase in energy, be less stressed, have more creativity, and help others when when we are happy. According to a study conducted by economists at the University of Warwick, happy employees resulted in a 12 percent increase in productivity, and unsatisfied employees were 10 percent less productive.

Although some may believe that salary is why the majority of people leave jobs, pay isn’t usually the case. Research has shown that salary isn’t typically the primary cause of people leaving their jobs. The main reason people leave their jobs is because they don’t feel appreciated and valued. Here are some ways that business owners and managers can improve revenue through happy employees.

 

Build a Solid Foundation of Trust

When employees don’t feel trusted to complete the duties of their jobs, it can hinder their ability to solve problems and cause a lack in confidence. By letting your employees know that you trust in their abilities, it will give them a sense of value and optimize their contribution to the success of the business.

 

Provide Employees with a Positive Workplace

When business owners encourage their employees to be themselves, it creates a seamless transition between work/home life. When employees can be themselves at work, they can relax and produce better work. Games, fun activities, and laughter can be excellent ways to relieve tension and create a bond among employees.

Be sure to acknowledge skills and qualities that are seen in employees because it is a vital factor when it comes to employee engagement. Thomas Britt is psychologist at Clemson University and stated if individuals are not provided with the opportunity to showcase their skills and talents, their level of engagement and commitment will significantly diminish.

 

Give Employees Perks

When employees are given perks, such as good insurance, free lunch one day per week, or casual Fridays, they feel valued and appreciated. There are many companies that use benefits to increase employee productivity, which may include free memberships to fitness centers, childcare, or the choice to work remotely once per week.

 

Use a Human Resources Information System (HRIS)

What is HRIS? It’s a software program that can be used to help those in the human resources department increase productivity. Although employees in the human resources department primarily use this type of software, it benefits employees in every department. With the use of HRIS, there will be less issues with payroll and benefits. There are also HRIS programs that have self-service features that provides employees with increased engagement.

 

Give Employees Opportunities for Growth

If business owners provide their employees with opportunities for career growth, it will enhance the skill sets of employees, which will boost productivity and revenue. In addition, by giving employees the chance to grow, it lets them know that you believe in their potential and are worth the investment. There are many companies that offer compensation for attending conferences and workshops, education, and mentor programs.

 

Establish Goals

When your employees are provided with specific, challenging goals, it will help them work to their fullest potential. Even if an employee is tasked with assembling a small product, he or she should understand every step of the procedure with a clear goal of how many he or she will assemble during their shift. Goals that are clearly stated and defined provide employees with a guide that helps them accomplish their goals and recognize their progress. According to a study conducted at the University of Alberta, employees who are focused on their goals show a 60 percent decline in absenteeism.

A business is only as successful as those who help it function, and when a business owner keeps his or her employees happy, it helps the whole business thrive.

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5 Digital Tools To Facilitate Employee Management

One key to running a successful venture is to automate as many business processes as possible using relevant software and tech tools. Human resource management systems enable businesses to focus on the needs of their clients, instead of their own. You could use tools like resourcing, operations, and reporting softwares, as well as a quality CRM to free up your team and focus on the customer. Here are five essential tools and technologies that help you do just that:

 

Project Management

Every project manager needs tools and technologies to manage client projects effectively. Some project management tools are simple to use and can significantly increase workplace productivity. These tools makes it easier to coordinate internal and external tasks among team members, like calling a list of clients and sending out mass emails. Project management tools, such as Workfront or Asana, give managers full transparency and enable them to work in clear visible workspaces away from email. While some project management systems are hard to understand, others come with vastly simpler interfaces. A digital project management system is an excellent tool for tracking client communication and collaborating with prospects. In fact, you can integrate many project management system with CRM platforms to create an even more seamless workspace.

 

Digital Reporting

Perhaps you have used tools such as Google Sheets for client reporting. If you find that the info you are tracking on Sheets isn’t giving you enough insight, then you could consider hooking it up to a BI system so that it can display and extract actionable insights about your clients. Digital client reporting systems are far much efficient than manual reporting. They are time saving and enable an agency to customize its analytics. Online client reporting tools provide a precise overview of market performance and make it easier to update analytics dashboards.

 

Human Resource Information System (HRIS)

Perhaps you have been wondering what does an HRIS do for business? It is a software package designed to help HR professionals manage their data. A human resource manager can utilize an HRIS to collect relevant data, such as birthdays, pay rates, tenure, hire dates, and more. The system will store it safely, and you can customize this software to the needs and requirements of your workers. It allows human resource professionals to store data in a centralized, accessible location. Moreover, HR professionals can use this system as a digital backup for paper files.

 

Cloud Storage

There is an array of options of storing critical files. However, the priorities for any company is security, ease of access, and syncing options. Google Drive is an example of an excellent cloud-based file storage option. It allows an enterprise to sync all of its files into one accessible area. Cloud-based storage is a perfect fit for online retailers as it facilitates secure data sharing and storage. Google Drive is also great because it automatically updates the previous version of a file whenever it is changed. As such, everyone can access the latest version, irrespective of the device they are using. Moreover, cloud storage allows staff members to share folders from any location. Of course, you want to add an extra layer of security to ensure client’s sensitive information doesn’t leak. Cloud storage vendors have a range of solutions for this, including physical security keys and 2-step verification.

 

Customer Relationship Management Software

CRM software is crucial to running a successful venture. You will need a system to manage customer data as your business continues to scale. A good CRM should also help you track client communication and billing contacts, manage invoices, and allow you to customize which employees are able to see customer info. Working with and without a CRM is a night and day difference, but make sure you find the right system for you company. No two companies are built the same, so make sure your software fits the needs of your company.

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