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Business owners, CEOs, and senior executives have their own reasons for wanting to solve company problems on their own. Some believe that only they can fix the issues within the organization which they themselves built or expanded. Some others believe they can minimize overall expenses by not hiring an outsider to do the job. But,…

Employee turnover rate: A significant figure that says a lot about a company. Many factors affect turnover rates: working conditions, the existence or lack of benefits, leadership, and salary structure, to name a few. Interestingly, the country’s total annual turnover rate has been increasing in the last five years, from 38.1 percent in 2013 to…

Contrary to what many Hollywood movies show, cybercrimes are not limited to million-dollar corporations. Based on the 50 percent increase of SME cyberattacks in 2017, small to medium enterprises (SMEs) are a target as well. Instead of household brands, hackers are now looking at small, local mom-and-pop businesses, 60 percent of which went bankrupt and…

Foreseeing the future success of a candidate is often a high-stakes game. A good judgment at the onset of recruitment can mean all the difference between an increase in productivity or retention and wasted recruitment and onboarding dollars. To predict whether an applicant is likely to thrive in their organization, companies turn to psychological assessment…

Many entrepreneurs start out in business completely unaware of how difficult it will become. The passion and creativity that they had when they started out will quickly disappear under loads of paperwork and everyday problems. They may also eventually get frustrated and end up failing in their business. The good news is entrepreneurs don’t have…

The success of your business, regardless of which industry you’re in, depends on how well your team works together. Seamless organizational structure is important in determining and distributing the various responsibilities that keep your business afloat. What Is the Importance of an Organizational Structure? An organizational structure refers to the system that defines the specific…

Acquisitions come with a unique set of challenges. Each one follows the same idea, though: two companies unite under the same management to achieve a strategic or financial goal. While no one plans to enter a bad deal, even the most seasoned entrepreneurs can end up bungling the acquisition process. It could be due to…