Succession planning is a critical yet often overlooked aspect of running a small business. As owners prepare for a transition, assembling a team of trusted advisors—including an HR consultant, attorney, and accountant—can make all the difference. These experts provide valuable guidance through the complexities of the process, ensuring that due diligence is thorough and effective. By addressing key HR and legal concerns early, business owners can strengthen their position in negotiations and increase the likelihood of achieving a favorable sale outcome. …
In today’s competitive business landscape, making strategic decisions isn’t just about having a great product or service…
At the beginning of 2024, one of the HR trends to keep an eye on was the social and political climate. Between the presidential debate scheduled for later this month, increased action on the campaign trail, and the wide media coverage of former President Trump’s conviction, some political conversation is likely to trickle into the workplace. In this blog, you'll find some helpful tips for managing political discussion in the workplace.…
With Q2 upon us, your business needs and goals may require some new employees to grow your business. A challenge many owners and leaders encounter is cost- how will these new employees be compensated? What is an appropriate salary range? Is it sustainable for the long term? In this blog, we will explore the top 5 common compensation challenges faced by business leaders and strategies to overcome them.…
Google is easily one of the most recognized companies of our time. The company was founded by Larry Page and Sergey Brin in 1998, and since has skyrocketed to success. What was once just a simple search engine, is now a global technology giant, offering numerous services and products that have become a part of our daily lives.…
Owning and operating a business is no easy feat. Many business owners want to see their business thrive long after they retire. To ensure this happens, business owners and leaders need to engage in succession planning. Whether you’re a family-owned enterprise or a large corporation, having a well thought-out succession plan in place is essential to maintain the longevity of the business. In this blog, we will explore the important steps to take while succession planning for your business.…
As of September 17, 2023, employers with 4+ employees were required to include a compensation range in all job advertisements as New York State’s Pay Transparency Law became effective. This law applies to all external and internal advertisements for jobs, promotions, or transfer opportunities that “can or will be performed, at least in part, in……
As the Great Resignation/Great Reshuffle/“Quiet Quitting” trend continues, it is important to look at delegating. It is very common for employees to leave their company due to burnout, or because they feel a lack of ability to contribute. So, where should you start to improve this aspect of the employee experience? The first thing for……
66% of full-time employees in the United States don’t believe they have a healthy work-life balance. Without this balance (or perceived balance), employees become burned out. Burned out employees have lower levels of productivity and morale. While one might think that it is the responsibility of the employees to create the balance for themselves, it has become essential for employers to establish a work culture that promotes work-life balance if they hope to retain employees.…