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The high cost of a bad hire – and how to avoid it

Insperity

Consider these results of a 2017 CareerBuilder survey : The average cost of one bad hire is nearly $15,000, factoring in the recruiting, interviewing and selection process; training; and salary. Lost time spent on recruiting and training. Plan on spending at least a few weeks training your new employee. Posting ads.

Training 296
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Moving your business to another state: 5 HR questions to ask

Insperity

The most obvious concerns stem from the legal issues surrounding your current state’s laws and how different the laws are in your new location. Before you start to pack any boxes, obviously, it’s wise to consult legal counsel. Do you have the resources to hire and train large numbers of new staff? Summing it all up.

Payroll 264
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Building a strong compensation strategy: Is location-based pay best?

Insperity

Cost of living refers to the price of goods and services, such as food, gas, housing and transportation, in a specific market. This approach as a compensation strategy is favored because: It’s a streamlined approach that’s less problematic from both a logistical and legal standpoint. Demand for labor. Cost of living.

Logistics 282
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How to tackle wage growth and remain competitive in a tough market

Insperity

Cost of living: The measure of the average change over time in prices paid by consumers in a particular market for goods, such as food, gas, housing and transportation. All of this helps you treat employees equitably and avoid legal problems down the road. Be legally compliant. over the prior year. Be applied consistently.

Salary 308
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How to tackle wage growth and remain competitive in a tough market

Insperity

Cost of living: The measure of the average change over time in prices paid by consumers in a particular market for goods, such as food, gas, housing and transportation. All of this helps you treat employees equitably and avoid legal problems down the road. Be legally compliant. over the prior year. Be applied consistently.

Salary 251
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3 Steps to Take Before Going Into Business for Yourself

Success

These include unavoidable costs such as housing, food, transportation and insurance. Going into business for yourself is like training for a marathon. Sure, you can run the race without a training plan, but it will be harder and you won’t see the results you want. You should consult your own tax, legal and accounting advisors.

Insurance 128
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How to Spot a Business Opportunity

Success

In the beginning, don’t worry about viability or cost; these are the training wheels for spotting business opportunities. Transport: Introduce a successful product into another region. I joke that I’m a legalized drug dealer during crawfish season. You’re going to have a lot of bad ideas, and that’s expected. David Snell.