Cross merchandising is the practice of displaying items from different product categories together to incentivize multi-item purchases. It works by reminding customers of a need, sparking ideas, and streamlining their shopping process. At the same time, cross merchandising benefits business owners by driving more sales. In this article, we’ll explore how cross merchandising is used…
Workplace safety training is designed to educate employees about potential hazards in their work environment. These courses help equip the workforce with the knowledge and skills necessary to minimize risks, prevent accidents, and maintain a secure workplace. Although construction and manual labor jobs are the most obvious targets of such courses, office workers need safety…
A pre-employment assessment is a tool that companies use to determine a candidate’s ability to perform core duties of a role they’re hiring for. Many organizations have shifted to this hiring approach, moving away from degree requirements. While you need to ensure applicants have both hard and soft skills, pre-employment assessment tests allow you to…
Blind hiring involves removing any unnecessary identifying information about a candidate from all stages of the hiring process. This can include information that identifies an applicant’s race, ethnicity, gender, or any identifying class, protected or otherwise. When reviewing resumes, interviewing candidates, and making hiring decisions, blinding the information (e.g., making it anonymous) removes conscious and…
The at-risk rules limit your ability to deduct losses from your business activities. With these rules in place, the losses you may deduct on your individual tax return are limited to your investment in the company. The most common scenario that might result in a disallowed loss under the at-risk rules is if you invest…
A global employee benefits package is a comprehensive benefits plan designed to meet the diverse needs of an international workforce. This benefits package includes a range of perks, including some that may be required—even for freelancers—in certain countries. A strong benefits plan may be the key to unlocking success for your small business, attracting and…
Bad debts are uncollectible customer invoices that have already been recorded as revenue. Since the revenue recorded when the invoice was issued will never be collected, the company must record an expense to offset it. Businesses can account for bad debt using either the direct write-off or allowance method. For United States tax purposes, the…
Calculating your employee turnover rate is fairly straightforward. Simply divide the number of employees that leave within a specific period by the average number of employees that work during that period and multiply by 100—or use our free calculator below. Your turnover rate helps you identify potential issues, assess employee satisfaction, evaluate your recruitment efforts,…
