Cash flow management is the management of the movement of money within a company: inflow and outflow in settlements with suppliers and customers, thanks to investment, lending, financing. Don't confuse flows with profit. Profit is the company's income minus…Continue
As the world is reeling from the coronavirus pandemic, millions of workers across the globe are slowly returning to their jobs. They are fearful more than ever that the environment they work in will be safe enough to continue as usual.…Continue
Added by Daniel Brown on June 25, 2020 at 20:03 — No Comments
Good, quality employees are hard to find. They are even harder to lose. All business owners realize sooner or later that employee turnover can cost not only money but also time and effort. It is hard for a modern business to differentiate itself from the competition in terms of what it is offering to its employees. It…Continue
Added by Daniel Brown on May 22, 2019 at 23:57 — No Comments
Being a business owner or manager isn’t the cushiest job. You have a host of responsibilities towards both your company and your loyal workers. Imagine how difficult it must be to run a company when things aren’t going very well. You have to juggle difficult decisions and employee satisfaction during a volatile time…Continue
Added by Daniel Brown on April 8, 2019 at 17:44 — No Comments
While non-creative and structural service may come across as boring and irrelevant in the world of business, they can play a major role in boosting your sales and ensuring your company runs like a clockwork.
Take accounting, for example.
Having a clear picture of where…Continue
Added by Daniel Brown on March 28, 2019 at 0:00 — No Comments
A very important part of running a company is facilitating morale, and building teams. A business is only as good as its employees, they are its lifeblood, and they are what keep it running. For this reason, you want to…Continue
Added by Daniel Brown on February 22, 2019 at 4:30 — No Comments
Increasing office productivity is probably one of the main goals for all managers. Regardless of the type of business, in order for a company to stay competitive and continue growing, it is essential for the teams within it to be efficient and productive. Stress, prolonged hard work, and poor interpersonal relationships can impact the productivity of employees and lead to a significant drop in efficiency. In order to avoid this, HR teams are constantly looking for ways to mitigate the…Continue
Added by Daniel Brown on January 21, 2019 at 17:19 — No Comments
Most startups, small, and other companies in their infancy do not have a dedicated recruitment department. In-house recruitment is usually cumbersome for our Human Relations. The average costs associated with hiring an employee can exceed $40,000. These expenses include training, adjustment periods, and lost productivity relative to a more skilled workforce. This is the…Continue
Added by Daniel Brown on December 27, 2018 at 0:30 — No Comments
The National Disability Insurance Scheme (NDIS) is the new way for all Australians to fund through their disabilities. It provides funds based on the individual’s goals and needs. What is considered ‘reasonable and necessary’ is covered in this program. The necessary support to help you reach your desired goals and aspirations is there, as well as increasing social and economic participation. To put it bluntly, the NDIS will not pay for our groceries, but will for a person to take us…Continue
Added by Daniel Brown on December 13, 2018 at 21:30 — No Comments
Even if your company has taken every safety precaution seriously, injuries can still happen. They are a necessary evil in some jobs and they have their consequences. Working in human resources puts you at the forefront of these situations. There are procedures you should follow when incidents occur and a worker files a compensation claim.
After an incident has occurred, you should collect all the facts and…Continue
Added by Daniel Brown on November 16, 2018 at 22:30 — No Comments
Dismissals can be a messy and unfortunate affair. Sometimes it is unfair, sometimes it is not. There are many reasons as to why somebody is supposed to be dismissed from their workplace, but whatever the cause, it can all be handled elegantly. That’s why you should consider mediation to get things running smoothly, and having all parties leave the room satisfied.…
Added by Daniel Brown on September 27, 2018 at 1:04 — No Comments