What defines a good quality job? Being new to business and with our sights set on growing our team, we have been looking to understand what exactly is a good quality job and what do we need to do as an employer to make sure that we are providing them. We’ve stumbled on the simplest and most comprehensive guide that is based on deep research, and have provided a link below. The main takeaways are not industry specific. A quality job provides at least three (3) of the following five (5) key elements: A living wage sufficient to support a decent standard of living — or, at minimum, exceeds the median wage offered within the employer’s industry. Basic benefits that increase economic security, improve health, and promote work-life balance among workers. These include paid leave, health insurance, and a retirement savings plan. Career-building opportunities that help employees develop the skills, networks, and experiences necessary to launch a career or advance along a career path. These opportunities can include training and mentorship — both formal and informal — and avenues for advancement within the company Wealth-building opportunities that enable and incentivize an employee to build the assets they need to manage financial emergencies and achieve long-term financial security for themselves and their families A fair and engaging workplace that balances the priorities and wellbeing of employees with the needs of the business. Examples include offering flexible and predictable schedules, treating all staff with respect and dignity, actively soliciting employees’ ideas to improve the business, and helping staff understand how their work contributes to the business’s success. To learn more visit: https://lnkd.in/egXi9pH
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Employers really need to listen to the concerns of their employees. The same employees you need to run a successful business
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Have you lost some skilled employee previously in your business? Why did they leave you when you invest too much money and knowledge in them? ✅ 10 Ways How to Keep the Best Employees and Reasons Why They Can Leave You https://lnkd.in/dbKDkQuK
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Have you lost some skilled employee previously in your business? Why did they leave you when you invest too much money and knowledge in them? 💪 10 Ways How to Keep the Best Employees and Reasons Why They Can Leave You https://lnkd.in/dbKDkQuK
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Ensuring Consistent Cash Flow for Your Business Managing consistent cash flow is hard, but dealing with a financial crisis is harder. Unpredictable cash flow can turn into a major challenge. #businessgrowth #Culture #Employee #employeeengagement #Engagement #People #Recruiting #Recruitment #Talent #talentacquisition #Workplace
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There are indeed instances of poor management and exploitative employers. However, it's important to also recognize and appreciate good management and business owners for their contributions to society and to our individual lifestyles. Understanding what "management" entails and how "profit" is defined is crucial. The graphic in question presents an overly simplistic and inaccurate portrayal of how a company's revenue works, which could lead to misconceptions. From my observations, non-owner employees often see the tangible benefits—like new trucks, computers, or the owner's nicer car and vacations—and assume that the owner is wealthy. This can lead to envy and misunderstandings about the realities of running a business. Many business owners work long hours, often seven days a week, and take on significant financial and legal risks. Employees might not be willing to assume these risks and burdens themselves, preferring the relative security of a paycheck.
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One of the biggest challenges for small business owners is finding and keeping quality employees. Learn some excellent tips by reading this helpful article from Forbes!
How To Find Quality Employees For A Small Business
social-www.forbes.com
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The current financial climate is affecting businesses of all sizes, leading to a shift in the UK workforce from an employer and employee perspective. Business owners and HR specialists are telling us that revenue drops are preventing businesses from providing the same take-home pay increases to staff, while also facing increasing pressure from competitors to retain key staff. Employees are also more likely to move between employers due to the shifting working environment post-pandemic. At Spectrum Wealth, we understand the evolving employee landscape and can help employers face these challenges. Our services include helping to retain and engage key employees by providing cost-effective benefits that often result in savings compared to salary increases. We can also replace individual insurances with group plans that offer underwriting benefits, business expenses, and tax relief. By providing these benefits, we can help employers show their staff they care. Visit our website to learn more about our corporate proposition and get in touch with us to discuss further. Let's work together to ensure your business and employees thrive in these challenging times. https://lnkd.in/es4C97yU The current financial climate is affecting businesses of all sizes, leading to a shift in the UK workforce from an employer and employee perspective. Business owners and HR specialists are telling us that revenue drops are preventing businesses from providing the same take-home pay increases to staff, while also facing increasing pressure from competitors to retain key staff. Employees are also more likely to move between employers due to the shifting working environment post-pandemic. At Spectrum Wealth, we understand the evolving employee landscape and can help employers face these challenges. Our services include helping to retain and engage key employees by providing cost-effective benefits that often result in savings compared to salary increases. We can also replace individual insurances with group plans that offer underwriting benefits, business expenses, and tax relief. By providing these benefits, we can help employers show their staff they care. Visit our website to learn more about our corporate proposition and get in touch with us to discuss further. Let's work together to ensure your business and employees thrive in these challenging times. https://lnkd.in/es4C97yU
Our Corporate Proposition - Spectrum Wealth Group
spectrumwealthgroup.com
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Do you ever feel like advice often comes in a one-size-fits-all package? At ILS Financial, we understand that every business is unique. Whether you're seeking to safeguard what you've built, retain top talent, or attract new employees, we have tailored solutions to meet your specific needs.
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Do you ever feel like advice often comes in a one-size-fits-all package? At ILS Financial, we understand that every business is unique. Whether you're seeking to safeguard what you've built, retain top talent, or attract new employees, we have tailored solutions to meet your specific needs.
ilsfinancial.com
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Do you ever feel like advice often comes in a one-size-fits-all package? At ILS Financial, we understand that every business is unique. Whether you're seeking to safeguard what you've built, retain top talent, or attract new employees, we have tailored solutions to meet your specific needs.
ilsfinancial.com
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