Employment Articles For Entrepreneurs & Small Business OwnersWhy Key Employees QuitEach time an employee resigns, the company loses time, money and effort to replace him or her. Staff retention, particularly of the key employees, must be a major priority for a business. While some staff turnover could not be avoided and at times is necessary, a stream of departing employees has a negative impact on […] Small Business Employment FallsThe National Federation of Independent Business reports that U.S. small businesses laid off employees for the fifth straight month in October. Employment fell by an average of 0.1 per firm from 0.3 in September. Reuters.com also disclosed that nonfarm payrolls increased 95,000 last month after rising 103,000 in September. This finding does not augur well […] Small Business Workers Unprepared for RetirementUPI.com presented statistics from surveys by Nationwide Financial and the Harris Poll about the lack of a 401 (k) plan or similar employee self-funded retirement plan for small businesses. While majority of small business owners say having such a plan attracts qualified employees, they say that they find this too expensive to offer their employees. […] President Obama’s Commitment to Hire VeteransFranchise.org reports that the current rate of veteran unemployment is at 12% and will drop with the signing of the Vow to Hire Heroes Act of 2011 by President Obama on November 21 at the White House. The new law encourages businesses to hire veterans by granting tax credits to these employers. The IFA thanked the […] Veterans are Good Hires for Your BusinessEx-military men and women have been trained to be leaders. In school, they were trained to be analytical thinkers, decision makers, team workers, and responsibility takers – the qualities that business leaders need. CBS Money Watch encourages business owners to honor the service of veterans by hiring them citing all of their outstanding qualities. While basic training […] New Law Gives Tax Credit to Businesses Hiring VeteransGreat news for businesses and veterans! President Obama signed into law a bill passed by Congress last month granting tax credits to businesses if they hire veterans. This incentive ranges from $2,400 to as high as $9,600. This law augments the earlier efforts of the President and First Lady who got pledges from businesses, the […] Congress Urged to Provide More Funds to Create JobsFranchising grew significantly in the past decade and the Small Business Administration has lent small businesses more than $30 billion this year. Of this amount, $25 billion went to SBA’s popular 7(a) and 504 programs. Now that Congress is working on the appropriations, it should prioritize funding to help small businesses create jobs. The following […] UPS Store Waives Franchise Fees For 10 VeteransUPS Store, in a move to support IFA’s “Operation Enduring Opportunity”, announced in BizJournals.com, that it will waive franchise fees for ten first-time veteran franchisees. This amounts to $300,000 in financial incentives. Prospective franchisees should sign a Letter of Intent between January and June 2012, said Tim Davis, a former U.S. Marine and now UPS […] Legal Battle Not Stalling Pizza Hut’s ExpansionPizza Hut filed a lawsuit against Lundy Enterprises, a corporation of Larry Lundy who owned 44 Pizza Hut restaurants, for royalty payment default. Lundy counterclaimed that “Pizza Hut imposed unfair credit terms, refused his restaurants the chance to offer new products available in other markets and, over time, opened independent stores that became his competition”, according […] Cut Taxes and Create Jobs says McDonald’s CEOJim Skinner, CEO of McDonald’s says the government must cut taxes and decrease public spending in order for the company to turn around. His assessment of the current economy will likely be played up by the opponents of President Obama over the deteriorating economy and high unemployment. McDonald’s is one of the companies still hiring […] IFA Gives Veterans Chance to Own FranchisesA new campaign of the IFA, “Operation Enduring Opportunity”, is the franchise industry’s response for President Obama’s call to the private sector to offer returning soldiers business opportunities. This initiative will be implemented through the IFA’s VetFran program which has helped thousands of veterans become franchisees. For its part, Anago Cleaning Systems of Pompano Beach, […] Starbucks Create Jobs for USA ProgramHoward Schultz, CEO of Starbucks, will launch a “Create Jobs for USA” program that asks the American public to donate $5 at any of its stores for small businesses. A Pepperdine poll showed that less than 50% of small businesses obtained loans from lending institutions . This lack of credit results in less jobs being created […] Lack of Qualified Workers for Small BusinessesThe Wall Street Journal reports that small businesses are complaining about the lack of qualified workers. In spite of the very high number of unemployed workers, many companies find the former lacking in skills or with obsolete talent for available jobs. Blame is placed on the U.S. educational system for its failure to provide the […] October Jobs Up 80,000“We’re doing O.K., even if we’re not doing great. The odds of a double-dip recession are lower, at least.” This is the reaction of Augustine Faucher, Director of Macroeconomics at Moody’s Analytics on the 80,000 job positions filled in October according to The New York Times. This figure is far from the rosy picture painted […] McDonald’s Business Practices RecognizedQSR reports that McDonald’s Corporation and its CEO Jim Skinner were honored last month during the 12th Higginbotham Corporate Leadership Award gala. This award follows similar recognition from other award-giving bodies and magazines for the corporation’s “leadership in advancing equal opportunity and diversity “. McDonald’s is now serving 64 million in 118 countries and is […] Franchise Leaders Want Government Out of the WayFranchise leaders led by International Franchise Association’s President & CEO Steve Caldeira are asking members of Congress to repeal or amend the health care law. IFA says these leaders are worried that many franchise businesses will close shop, and millions of employees will lose their jobs. This is according to a report prepared by the […] Former Employees Learn to be EntrepreneursFormer employees have difficulty looking for new jobs. To keep afloat, they start new businesses or buy franchises. Although one has to undergo a completely different work environment from being an employee to an entrepreneur, some consider being a franchisee less risky. There is already an existing name and reputation. In an article that appeared […] Employee Performance Management: Time to Reinvent the WheelPerformance-management systems are broken at the majority of companies in every corner in the world. By teasing apart results of a recent worldwide survey of HR professionals, we’ve seen how evaluations are viewed as a joke by employees, a waste of time by many managers and a non-actionable talking point by some senior executives. Even […] Performance Appraisals and Compensation: A Deadly MixPerformance appraisals are hated by employees, largely dreaded by managers and often described as ineffective by HR professionals. So why do organizations still engage in this annual exercise? The primary objective, cited by 66% of respondents to a survey by Sibson Consulting, is to distribute rewards based on individual performance. By comparison, just over half […] Pomp And Circumstance – And Welcome To The World of WorkIt’s a time for joy – A time for tears – A time we’ll treasure – Through the years – We’ll remember always Graduation Day (song- JAN-1991) Congratulations on attaining your degree! A special time and a proud accomplishment — You did it! You’re finished! With school that is – now it’s time to do […] |
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