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7 Steps to Jump Start Your Strategic Planning

7 steps to jump start your strategic planning

How much time do you spend on strategy and business development for your business?

Think about this for a moment:  The CEOs of Inc. 500 companies regularly spend 50 to 90 percent of their time on strategy and business development1.

Even if you aren’t an Inc. 500 company, you can benefit from some of the same tools that successful business owners use to grow their businesses. Putting a little time into strategic planning for the year (or for any 12-month cycle) is well worth the effort.

The strategic planning process doesn’t have to be complicated, but it does require that you set aside a little time from your regular work schedule. Remember the adage:  failing to plan is planning to fail.

Follow these steps for your planning process:

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5 Simple Tasks to Wrap Up Your HR Year

1. Ensure Your Employee Information is Up-to-Date

Do you have current information for all of your employees? Remind them to submit an updated contact form if they have moved, changed phone numbers, or want to designate a new emergency contact.

Having correct addresses will also aid in IRS Form W-2 Wage and Tax Statement distribution.Reviewing Employee Files

2. Check Your Postings/Required Notices

Look at your company bulletin board. Do you have the latest required notices to be in compliance with Federal and State requirements? If you post electronically, make sure the latest version has been uploaded to your company intranet.

This is a good time to tear down the old and tack up the new.

(HRinDemand offers an all-in-one labor law poster for $50 that satisfies Federal and Nevada posting requirements. Call us at 775-400-1322 to order yours!)

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Employee Retention is a Growing Concern

Employee Retention is a Growing Concern as Northern Nevada’s Economy Improves

by Melissa Marsh, SPHR, SHRM-SCP

Employee Retention

There is good news for Nevada business owners. The economy is improving. More jobs are coming available. Economic development is a major initiative in Northern Nevada. And, unemployment levels are dropping.

The unemployment rate throughout the state of Nevada was 6.7 percent for September 2015—unemployment has not been this low since July 2008! This is a seven-year low, and it’s trending about a point lower in Northern Nevada.

Meanwhile, the number of employers in the area continues to grow.

How Lower Unemployment and More Jobs Impact Local Employers

The combination of a lower unemployment rate and increased number of jobs means employers now need to focus on retaining employees. As opportunities abound, employees are enticed to leave. High turnover rates aren’t good for business. It is estimated that one employee turning over can cost a company close to $50,000 in the form of recruiting, training, and lost productivity costs.

Why Do Employees Leave a Job?

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