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Showing posts from February, 2021

Understand Your Employee Retention Plan

  Your employee retention plan can include many elements to ensure an improved retention rate among your employees. Your plan will be most effective if it is tailored to the individual needs of your employees. Each employee's interaction with the company is a vital component of your plan. So be sure to consider every possible aspect of the employees' life inside the workplace. Here are several suggestions to assist you in all of these important areas. Does your current work environment be flexible enough for employees who may wish to explore alternate work schedules, telecommuting, or working completely off-site? If so, encourage these individuals to pursue these options by providing information and assistance. Consider implementing a work-life balance initiative that allows employees greater flexibility and better work/life balance. You can also increase employee retention plan by making your businesses' mission and vision clear to employees, encouraging them to contribut

The Benefits of Employee Retention

Benefits of employee retention As a small business owner/employee, what are the benefits retention and why is it so important? What are some of the benefits for employee and how do you get started? Just imagine working for an employer for several years or months, building trust with one account executive that you can easily reach out to when you need an issue, only to turn around and... you don't even remember the name of the person. Employee retention is important because it creates a new wave of potential new hires. New employees will bring new energy and enthusiasm into the company culture. They will bring fresh ideas, help the company grow, and they will help make your company more efficient. There are many benefits to employee retention. Some of these benefits of employee retention are: New hires can be a major part of the growth of your business and can help drive your company's future success or failure. New employees are also great at defining who your business is and

Top 3 Employee Retention Strategies That Make Employees Stick

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    Pay raises have the unfortunate reputation of being a rather flimsy employee retention strategy, at best. And in most cases, that reputation is quite justified. Unfair compensation packages will certainly drive many employees to leave the company, but the underlying problems inside the company can easily be solved with a salary increase. But just because it's the right way to go doesn't mean it's easy. The process involves both research and planning on your part. Here are some tips on how to approach this task. It's a good idea to gather information from a variety of angles before coming to any decisions about your ideal employee retention strategy . You need to consider not only your own employees' opinions about staying within the company but also the views of your customers and other outsiders. The objective behind this research should be to understand not only your own employees' needs but those of your customers as well. The more you know about your tar

How Do I Sell My Demerger?

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    A demerger is also known as a ventureignment in German, but in English, it is most commonly referred to as a spin-off. A demerger is similar to a merger or acquisition, but it is not a merger. Instead, it is an independent sale of the firm by one or many of its creditors. Like any other business transaction, a demerger has its own set of pros and cons. The key is to properly manage the sale in order to make the best profit and to avoid any pitfalls that could come from the deal. How do you demerge? In a typical transaction, a shareholder can sell his shares to the company he is managing. However, some companies have their own purchase processes, so a shareholder may have to apply for a voluntary exit from the company. This may take several months, depending on the number of shares and the company's requirements. When you have decided to sell your shares, you will be issued a termination notice, which will allow you to terminate your employment with the company. Before selling

The Demerger Example - Lean Manufacturing at Work

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  The Demerger Example is a case study on the application of Lean Manufacturing principles to a manufacturing and service company. The report examines the Demerger cycle, which is a key element of Lean manufacturing and describes how this cycle should be restructured to improve quality and shorten cycle times. This company is exploring the possibilities of incorporating Lean principles into its manufacturing process to provide customer-centric manufacturing processes that meet individual customer requirements rather than having to perform generic work orders. In this paper, we present the Demerger Example and then discuss some of the advantages of Lean principles. Lean manufacturing focuses on improving the speed and accuracy of production and eliminating waste. The Demerger example shows that Lean can not only improve quality but also speed-up the production of a product. It is based upon the theory that the entire life cycle of a product should be considered, from manufacturing unti