Going Back to Business School? Here’s How to Save Money and Time

It should be somewhat obvious that the more training you receive, the better you will be at achieving your goals. As it is true with doctors, so it is true with business leaders. Immediately after graduation, MBA grads earn an average of $45,000 more than their peers, and as more MBA grads enter entrepreneurship, they are finding it much easier to run a business with their advanced education and experience they gained from their program.

MBA student

However, not every aspiring entrepreneur has two full years and several tens of thousands of dollars to drop on an MBA. Fortunately, you don’t have to.…

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Every Rising Star Should Have These 8 Qualities to Succeed in Business

Perfect employees simply don’t exist. But seasoned managers and executives are nevertheless pretty good at predicting which new hires are destined for the corner office and which are likelier to leave after a few years of workmanlike service.

Hiring good employees

You clearly want more of the former in your organization. Here’s how to identify the rising stars in your organization — and, fingers crossed, in the hiring queue.

1. Effective Communication

Effective communication is among the most important soft skills for upwardly mobile employees. It makes just about everything easier, from keeping on top of complex projects to training up junior members of the team.…

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Tips for Helping Employees to Grow So You Boost Retention Levels

There are many costs involved with having a high staff turnover, from the loss of knowledge that occurs when workers walk out the door, to the financial costs involved in finding replacements, and the time it takes to train them up. As such, it is incredibly important for all organizations to have a focus on boosting retention levels.

Fostering employee growth with performance evaluation

While there are many different ways to do this, including recognizing and rewarding workers, creating a positive culture, providing employee perks and the like, one great way that not enough managers focus on is helping people to grow and reach their potential.…

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Why Many Small Business CEOs Fail At Job Search

Have you had enough of being a CEO of a small business?

(Maybe your official title is not CEO – it’s probably MD, GM or similar – but in this article I’ll use CEO as an umbrella term for all of those to aid consistency and comprehension).

Often the pressures of running a small business to small business CEOs and they begin to dream of having a “normal” job.

At least for a little while.

CEO job search

However, getting a job after being a small business CEO is not always easy.

Press any recruiter and they’ll (grudgingly) admit that CEOs who have been running their own business for the past 10+ years often get overlooked during job search.…

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Choosing Between Individual and Team-Based Incentives

Incentives are a great way to keep your workforce motivated, but knowing what kind of incentive program to implement can make a big difference in terms of results. For many companies, everything boils down to individual versus team-based incentives. What are each option’s strengths and weaknesses and which one is a better fit for your company? A better understanding of both types of incentive programs should help you choose the right option.

Incentivized and motivated business team

Before you start, you also have to remember that implementing any kind of incentive program requires the right tools to make sure it is properly implemented. Managing pool bonuses, overseeing cash rewards based on performance, and keeping track of payouts and promotions manually can be a huge challenge, especially as your workforce grows.…

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Are Employee Wellness Schemes Worth It for SMBs?

Corporate wellness schemes are all the rage right now. Some of the biggest businesses of the digital age have pioneered the idea of placing emphasis on the worker’s health, as this “How we care for Googlers” page attests.

Employe wellness scheme

Recently, fellow tech giant SAP began giving all employees FitBit devices in order to help them track their progress in the company fitness program. With such clear support from the larger businesses in the world, is it time for small and medium businesses to follow suit?

What works well with office wellness programs

Though these large companies likely have plenty of money to spare, it’s safe to say that employee fitness and wellness schemes would never have caught on in the way they did if they were not successful in some way.…

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5 Best College Degrees for CEOs

The responsibilities of a CEO are many and varied, and when you are at the head of a company it is important to be able to keep up with and understand all areas of your business. Decisions made by CEOs impact the whole company and will be based on a variety of factors, so certain skills and college degrees can be extremely useful for a CEO.

CEO earning a college degree

So, which college degrees are the best for CEOs should they decide to go back to school?

Computer Science

A computer science degree is very versatile – and almost essential if your business is technology related – but it is also useful to any CEO.…

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Why It Pays In Spades To Recognize And Reward Your Top Performers

The importance of rewarding employees for high performance has long been recognized as a powerful management strategy to stimulate better morale and boost greater retention in an organization.

Employee reward

When properly executed, employee recognition programs not only positively impact recipients, but also influence their peers. While some may be incentivized to win awards themselves, others may simply appreciate that they are part of an organization that honors and respects its best workers.

Why Employee Recognition Programs Work

The psychology behind why employee recognition programs work is simple: people like to feel appreciated for the good work that they do. At the end of the day, employees aren’t just thrilled at the reward itself but at the fact that the company they worked for recognized their hard work.…

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7 Ways Small Businesses Can Boost Profits With HR Software

If small businesses want to remain on the front foot whilst they grow, developing systems to manage and streamline workflow makes good business sense. And that includes HR (Human Resources). The biggest problem for start-ups and small businesses is cost. Lean times when setting out often means deferring strategies with costs involved, despite the long term benefits and efficiency savings.

HR software

Another problem with HR development in small businesses is the lack of any designated HR staff. It’s easy for business owners to see HR software as unnecessary when they are managing perfectly adequately overseeing just 2 or 3 staff. But, it’s easy to lose sight of the day-to-day processes as the business starts to take off and more staff come on board.…

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Tips For Boosting Employee Morale

Being a business owner comes with many responsibilities, which is far too many to mention them all. Keeping all your employees motivated will be an ongoing task that will require the assistance of your entire team of supervisors. If your workers are not motivated, they will not be as productive as they could be, if it were the other way around.

Motivated employees

Every worker has a mind of his or her own, so you will need to start by making sure everyone is one the same page. Below, you will discover several tips for boosting employee morale.

Giving Them Reason To Believe

When you first hire the employees to staff your business, you will need to make them aware of the fact that they are going to be involved in something bigger than themselves.…

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