Learning how to be a good manager is a combination of effort, understanding your role as a manager, your team’s role as your employees, and a bit of practice. Whether you were just promoted to your first managerial role or if you are simply looking for ways to become a better manager, this article is…
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How to Set Up a Profit Sharing Plan
A profit sharing plan can be an innovative compensation strategy for business owners to motivate and reward their employees. There are 2 kinds of profit sharing plans: those that defer profits to a retirement plan and those that make profits a part of the base compensation plan. We also will talk about gainsharing here, another…
Self-Insurance: Definition & How It Works
Self-insurance (also known as self-funding) allows small business owners to create and manage their own insurance plans, without being subjected to the restrictions and costs of working with larger traditional insurance carriers. However, self-insurance does come with a high level of risk and liability. We want to preface this article by stating that self-insurance is…
Best Talent Management System – Small Business
Talent management system software helps you manage the entire employee lifecycle— from recruiting to onboarding to performance management. For this guide, we looked at the most popular options and rising stars and decided to review BambooHR, , and . These companies covered the range for small businesses in terms of price and ability to grow…
Fringe Benefits: What They Are & How They Work
Fringe benefits is the umbrella term for any benefits, from health insurance to paying for weekly team lunches, that an employer provides to an employee, contractor, board member, or business partner. Many fringe benefits are considered tax-free by the IRS and can be a great value-add for your employees. In this article, we will explain:…
How to Find & Hire A Technical Recruiter
You probably are coming to this article if you are a small business owner in need of tech help, and are considering using a technical recruiter to help save you time. We are going to explain how to tell if you really need to use a technical recruiter, where to find one (and their corresponding…
Commission-Based Jobs: Ultimate Guide to Working In One or Hiring Them For Your Business
Sales is a necessary part of every company, and whether you call it business development, client relationship management, or account management, it’s still sales. Jobs in these spaces tend to have a heavy commission element to them in order to incentivize people to perform. In this article, we are going to look at these commission-based…
Sales Coordinator Job Description & Free Template
Writing a job description can be difficult, let alone when it’s for something as important as a sales position at your company. In this article, we will provide you with a free Sales Coordinator job description template and walk you through the essential parts of a Sales Coordinator job description so that you can customize…
Hiring an Administrative Assistant for Your Small Business: Job Description, Training, & Salary Guide
As a small business owner, you may be wondering if the time is right for you to hire an administrative assistant (or a similar role, like an office manager or receptionist). An administrative assistant can improve the efficiency of your business, but it can be difficult to find the right person and train them. We…