How and Why to Measuring Employee Performance

Ongoing performance evaluations are a great way to spot and correct problems before they become critical. To measure employee performance you can devise your own list or choose some of the categories listed below: Productivity. Determine how to measure what is accomplished. For example,

Lack of cash. Believe it or not, a business can have plenty of profit but if there isn’t enough liquidity or ready cash then they are still at risk of failure. Improperly Managing Accounts Receivable Accounts receivable are the amounts your customers owe you.

Staying safe when working around electricity is critical to every small business owner. Learn how to stay safe with theses quick tips by PCG: Keep people, tools, materials and equipment at least ten-feet away from power lines. The “Ten-Foot Circle of Safety” isn’t just

 An Employee Handbook doesn’t need to be long but it should be comprehensive and cover some basic information including Affirmative Action Policies in writing, as well as other important governmental programs/expectations. Many liability insurance carriers require written employment policies to be clearly spelled out.

 Boost your bottom line by implementing some or all of these tactics for reducing costs. Remember, it does not matter how much you generate in sales…the most important profit potential is what you are able to keep . Use these great tips to get

For most employees, social security and Medicare taxes are deducted from every paycheck, helping to provide retirement income and Medicare coverage. If you are self-employed, you pay for your coverage through the self-employment tax that you compute and pay when you file your federal

Small business owners are legally obligated to confirm and authenticate the identity of employees or face potential penalties. From illegal aliens to security issues, employee screening and background checks are a necessary part of doing business. In fact, the most common employers conduct background

Many small-business owners mistakenly believe they cannot afford to offer benefits but while going without benefits may boost your bottom line in the short run, it could seriously impact your business’s chances for long-term prosperity. Heading the list of must-have benefits is medical insurance,

Creating a compensation package is not as simple as adding salary with benefits. There are many important factors to consider: If you offer incentives and/or bonus plans, you need to have very clear guidelines to minimize confusion and possible liability issues. These should not

Workers’ Compensation is one area where business owners can take measures to cut costs. By developing a culture of safety in the workplace, companies will reduce the number of injuries to workers, as well as the costs of insurance premiums. As an extra benefit,