Do You Invest In Employees?
Are you so focused on running your business in the present, that you forget how the future of your company is affected if you don’t invest in employees?
Even small companies need to invest in employees
For small businesses especially, there is often no budget allocated for employee training and development. Once the onboarding process is over, that’s it! This lack of planning for your company’s future needs can end up costing you more in the long run. You will be scrambling to catch up to your competitors who have an employee development program. Their program will help them be innovative and ready for the new opportunities that their company takes on!
Change means you need to invest in employees
As the saying goes, “The only thing that is constant is change.” Most industries are changing perpetually with new products, technology, and customer expectations. Will your employees be ready to meet these challenges for you? And…will you have the leadership your company needs as it grows beyond what you can oversee yourself?
Invest in employees or expect turnover
If your company has experienced a lot of turnover in recent years, boredom or frustration may be playing a part. Do your employees endure the same old thing year in and year out with outdated software or old obsolete processes? Without new systems, is easy for employees to be negative and sloppy in their work. Training and updating tasks in a way that is more efficient can energize and engage your workers and increase company productivity.
What is the cost if you don’t invest in employees?
The cost of poor employee retention is a big concern too. The expense of recruiting and hiring new employees is a drain on resources. It can be a disruption to the customer’s experience with your company. Okay, so maybe your business has a large workforce of lower paid positions and you think there is no way you can retain your employees without breaking the budget. By creating a program that develops your employees and makes them eligible for promotion, you will give them an incentive to stay with your company long term; you are creating a tangible benefit that builds loyalty, attracts better candidates, and gives your company a better reputation as a great place to work.
Invest in employees by hiring the right person to join your team
Partnering with a CRA (Consumer Reporting Agency) with the services you need to fill in your HR gaps can be an economical solution. The right CRA partner can help you recruit, integrate your system, perform background screening, provide education and license verification, drug testing at convenient locations, and support throughout the process. Feel confident that you are bringing the best hire into your company by having done due diligence both legally and ethically for your employees and customers. A professional CRA partner pays for itself by avoiding costly hiring mistakes. For a free consultation or more information, contact Genesis Background Screening Services at 866 944-0041 ext 101. Online, email or visit www.genesisbackgroundscreening.com. You can sign up to be emailed whenever we post a new blog at https://genesisbackgroundscreening.com/subscribe-to-the-blog/
Genesis Background Screening is not a law firm and provides our blogs for informational purposes only. Blog is not a substitute for experienced legal advice. Research laws or regulations mentioned in our blogs and ask your legal counsel any questions you have to be sure your organization is within the law and compliant with regulations.
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