Budgeting shows you where your company’s money is coming in and going out, which helps you make more effective business decisions. Therefore, it’s important you properly estimate your revenue and expenses, so you avoid an income deficit and/or spending surplus. Here are four common budgeting mistakes to avoid, so your business continues prospering. Overestimating Revenue…

Because HR handles the majority of your employee issues, it’s important you manage your staff appropriately. Here are four areas you’ll want to focus on to ensure HR keeps your business operating smoothly. Recruiting & Training  HR needs to create strategies for hiring top talent for each position. Pros determine what skills and experience are…

Coaching helps develop your employees as valued members of your organization. Find out how you can implement coaching in your small business, and why it’s essential for growing your bottom line. Steps to Coaching Your Employees  When coaching your team members, remember that mutual trust is required for positive and corrective feedback. Otherwise, your advice…

As important as succession planning is for every business, very few companies successfully create and implement such a plan. Find out what a succession plan entails, why it helps your organization, and how you can implement one now. What Is Succession Planning?  Succession planning is the process you use for recruiting and developing employees for…

As an HR manager, it’s important you stay on top of all aspects of business. Here are four things you must have to remain a valuable asset to your organization. Human Resource Information System  A human resource information system (HRIS) is an application that processes and organizes data related to HR functions. Users may input…

Onboarding fulfills many purposes within your organization. Your new hires not only learn the skills and information necessary for fulfilling their responsibilities, but also learn to become productive workers who remain with your company longer. Find out how to effectively build an onboarding program that benefits your new employees as well as your business. Expand…

As a business owner, payrolling can be one of your most time-consuming responsibilities. Even the smallest error may result in IRS fines or potential lawsuits. Don’t spend any more of your valuable time processing payroll. Outsource your payrolling tasks to Innovative Employee Solutions instead. Timekeeping  Timekeeping can be tedious work. You have to determine exactly…

Studies show that the majority of workers would prefer benefits such as paid time off (PTO) over a pay raise. Learn the benefits of having a generous PTO policy and how you can provide additional PTO for employees in your small business. Companies with Generous PTO Policies Twitter provides 10 holidays and unlimited PTO for…

HR pros play multiple roles as employee advocates, culture keepers, leaders and more. Here are some reasons why HR staff should also assume roles similar to marketers to help manage their employees more effectively. Focus Messages on Target Audiences  HR reps should study their employees’ demographics, attitudes, and behaviors to create a clearer understanding of…

By Trevor Foster, Vice President of Finance As companies begin their annual strategic planning and budgeting process for the new year, many executives dust off perhaps the most ubiquitous acronym in strategy – SWOT! We do this analysis at Innovative Employee Solutions (IES) and many things are learned from it, but the process of compiling…