RELEVANCE IN IMPROVEMENT OF WORKING CONDITIONS FOR YOUR EMPLOYEES IN THE ACHIEVEMENT OF BUSINESS SUCCESS.

 RELEVANCE IN IMPROVEMENT OF WORKING CONDITIONS FOR YOUR EMPLOYEES IN THE ACHIEVEMENT OF BUSINESS SUCCESS.

Hello reader, today I’ll be taking you through some of the major importance of improving your employees working conditions and working environment in the achievement of business success.

The nature of the environment and conditions your employees are working in matters a lot in determining and achieving business success. So it is of great importance to ensure that the working environment in which your employees are working in is healthy and risk free. Ensure that even the tools and equipment they work with are regularly maintained to avoid the occurrence of accidents. If the environment they work in is somehow risky , you as a manager should provide relevant PPEs to them to minimize accident levels. Through all these you’ll be able to acquire an efficient workforce hence you’ll maximize your productivity and profits greatly. Some of the major key relevance in improvement of working conditions for your employees in the major goal of achieving business success are highlighted and elaborated below :

. Reduced absenteeism.

  In risky working conditions, employees often get themselves injured hence they end up being unable to continue working thus result to absenteeism. Therefore if you as an entrepreneur or as a manager opt to minimize the occurrence of such cases, improving the working environment and working conditions for your employees is crucial. If the absenteeism levels decrease, there will be maximum utilisation of the business resources hence you as a manager will end up maximizing your productivity and your profits greatly. Thus business success becomes a certainty.

. Boosts the staff morale.

  Employees working in poor environmental and working conditions are less motovated as compared to employees whose working environment and conditions are enhanced. Thus healthy working conditions play a vital role in boosting your staff morale and confidence while in the organization and while performing business duties and tasks. Therefore you as a manager or an entrepreneur should purpose to enhance your employees working environment and working conditions if you intend to boost your staff morale . Through this, employees will be more productive and efficient thus you’ll end up making more sales and maximize your profits in the long run. Hence your success and the success of the business will be a guarantee.

. Reduces labor turnover.

 Unhealthy and risky working conditions and environment creates a certainty of increased number of accidents amongst your employees. Thus for the employees remaining to negate this, they opt to leave the organization in such of other more safer working conditions. Therefore your business or organization ends up having lower labor to perform vast jobs . Thus you as an entrepreneur or as a manager finally result to incurring losses in the long run. Hence to minimize this from happening, you should take into consideration improving the working environment and working conditions for your employees. Through better working conditions, each employee will be motivated to fully attend to his/her job duties and tasks delegated to him/her fully hence you as a manager will end up maximizing your productivity and profits greatly in the long run. Thus your success and the success of your business will be a certainty.

.Helps improve your companies efficiency and effectiveness in routine production activities and operations.

 Unhealthy working conditions acts as a hindrance for the efficient and effective performance of your employees as a manager or an entrepreneur. It’s actually a major setback as when employees are injured in the course of work, no one is left to fill in that gap immediately hence production activities and operations are interfered with in the long run. Hence efficiency isn’t present. Thus production levels will end up being low and so are the profits. To avoid this, you as a manager should aspire to improve your working conditions and environment so that the efficiency and effectiveness of your employees could be achieved. Through efficiency and effectiveness, production activities and operations will be performed as required hence the output will increase greatly in the long run. Increased productivity guarantees sales and profit maximization thus your business will surely flourish.

In conclusion, to increase your company’s effectiveness and efficiency, productivity levels, profit maximization and the general success of your business, you as an entrepreneur or a manager should aim to improve your employees working conditions and working environment.

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REASONS AS TO WHY INTERNAL RECRUITMENT IS MOSTLY PREFERRED THAN EXTERNAL RECRUITMENT

 

REASONS AS TO WHY INTERNAL RECRUITMENT IS MOSTLY PREFERRED THAN EXTERNAL RECRUITMENT.

Hello dear reader, today we’re going to study in detail some of the major reasons as to why internal recruitment is more preferable than external recruitment. Recruitment is the process of attracting and acquiring potential employees to fill in vacant job positions within a business i.e. an organisation or a company. There are two types of recruitment ; internal recruitment where recruitment is done within the organization and external recruitment where recruitment is done outside the organization. So we are going to look at the key reasons as to why now internal recruitment is more preferable to external recruitment in the acquisition of potential employees to fill vacant job posts and positions within an organization. Some of the major reasons are highlighted and elaborated below:

. Internal recruitment is more cheaper as compared to external recruitment.

 Internal recruitment majorly involves the recruitment of employees inside the organisation. Most of the training is done by either fellow employees, job shadowing where an employee has to follow his/her trainer, observe what he/she is doing and learn, job rotation where an employee has to perform a variety of different tasks to increase his/her proficiency or even job enlargement where additional duties are delegated to the employee to increase his/her skills, knowledge and abilities. All these training is done by fellow stakeholders within the organization hence no labor costs are incurred unlike external recruitment where you as a manager is supposed to incur labor costs in hiring a professional to recruit the employees or potential employees. Therefore with decrease in labor costs in internal recruitment, most managers opt to implement this type of recruitment more often.

. Internal recruitment acts as a motivating factor to all employees.

  Through internal recruitment, employees are more motivated to work hard as the major benefits enjoyed are endless. Promotions being one of the major benefits. Therefore, each and every employee will aspire to receive the promotion as through promotion also, there is an increase in salary as well as recognition. Hence many of the employees will give it all their best in performing their routine job activities and operations more efficiently and effectively. Thus you’ll end up maximizing your output and profits greatly in the long run. Therefore for these benefits , most of the managers opt to adopting internal recruitment in their recruitment process .

. Helps reduce labor turnover.

 Since employees are motivated to work towards the achievement of the benefits that follows after the recruitment, labor turnover will decrease. More employees will develop that sense of belonging hence they’ll work hard to ensure that they stay in the organization and develop their skills and abilities so that they can rise to greater positions and acquire more benefits in the long run. Therefore, with all employees being present in the organization courtesy of internal recruitment, you as a manager or entrepreneur will be able to maximize your productivity levels as well as your sales. Hence you’ll end up generating more income thus your business/organization will thrive . Therefore with the assurance of total employee attendance and employee loyalty, most managers opt to use internal recruitment in their recruitment process.

. Internal recruitment helps promote good employee relations within the organization.

Since most of the employees are the ones who take part in the recruitment process, their interrelations improves greatly as they interruct in that learning process together. Because also they all work under one roof, interacting becomes more easier hence them interacting more in the recruitment process helps strengthen their relations amongst each other. Hence there will be togetherness and solidarity in performing routine business operations and activities in the long run. Hence you as an entrepreneur or a manager will be able to maximize your productivity levels and profits too thus succeed business wise too. Thus through the benefits that follows through having employees with good relations, many managers and entrepreneurs opt to use internal recruitment in their recruitment process.

In a nutshell, there are vast and benefits in adoption of this approach during recruitment. For those managers and entrepreneurs who opt a cheaper and more convenient way to recruit your employees or future employees, internal recruitment is the best option . 

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MAJOR BENEFITS IN EMBRACING DIVERSITY IN YOUR WORKFORCE FOR THE ACHIEVEMENT OF BUSINESS SUCCESS.

 

MAJOR BENEFITS IN EMBRACING DIVERSITY IN YOUR WORKFORCE FOR THE ACHIEVEMENT OF BUSINESS SUCCESS.

Hello reader, today I’ll be taking you through some of the major key benefits enjoyed when you as an entrepreneur opt to embrace each and every employee regardless of their diverse cultures, traditions and race. In the present day organizations, people working within these organisations originate from totally different cultures and backgrounds as opposed to traditional organizations where discrimination cases were rampant at that time. Many employees were discriminated and prejudged on the basis of their origin and group they originated in thus even the organization’s routine activities and operations ended up being disrupted in the long run. Through these disruptions, many of those companies ended up registering low productivity levels hence the income which was generated decreased greatly. To negate these, you as an entrepreneur in the present day business i.e. organizations and industries , should purpose to embrace all employees regardless of their diverse origins and backgrounds as this has proven effective in the major goal of achieving business success for many businesses. Some of the major benefits in embracing this diversity in your workforce for the achievement of business success are highlighted and elaborated below :

. Promotes a peaceful co-existence amongst all your employees.

  Since most of the employees originate from diverse backgrounds and cultures, embracing all of them as one guarantees that there will be peace and unity amongst all employees. Therefore the business operations and activities will end up being performed smoothly thus even the employee performance will improve greatly. Hence through working with higher performing employees, productivity levels will rise thus you’ll be able to generate more income. Therefore your business will end up flourishing in the long run. Hence it is crucial for you as an entrepreneur to embrace your workforce diversity if you aspire to succeed yourself and as a business too.

. Fosters invention and innovation.

  Having employees all originating from diverse backgrounds and cultures gives you an assurance that there will be innovation and invention in the production activities and operations within your business . This is because, all of these employees possess certain specific skills or knowledge in a particular field based on where they originate or the cultures and traditions they differently possess. Thus new skills might be invented , new knowledge implemented, and this might and may prove effective in increasing the efficiency and effectiveness of your production activities and operations hence you’ll end up maximizing your high quality output thus generate more income in the long run. Through this, your business will thrive and succeed.

. Helps improve the organization’s effectiveness and efficiency.

 Working with employees all originating from diverse backgrounds and cultures is somehow challenging. As all these people perform different activities differently from each other. In terms of communication too, language barrier and tone vary differently hence most of the time information conveyed ends up being distorted or misinterpreted in the long run. But through embracing all of them and getting to interact with them might prove effective in fostering the organization’s efficiency and effectiveness. Through repeated interactions and adopting a unified approach in performing job tasks, communication and interactions will improve greatly hence even the information you convey will be comprehended more effectively thus distortion and misinterpretation will decline. Therefore company/business effectiveness and efficiency will be achieved . Thus in the long run youll be able to maximize your productivity and profits as well.

. Improves your market base for your finished goods. 

Working with employees regardless of their diverse cultures, traditions, race and backgrounds is much of importance as it helps you as an entrepreneur to enlarge and expand your market base for your finished goods and services. Having these diversity creates a good image for your organisation all over those communities therefore you’ll be able to get more customers to purchase your commodities. Each community will feel engaged hence each person will purpose to give back through purchasing your finished goods and services. Therefore you’ll end up having more sales hence you’ll generate more income in the long run. Thus your business success will be a guarantee. 

In summary, embracing employee diversity within your business plays a crucial role . Not only in the success of your business but also in the enhancement of your organization’s image. Hence you should embrace this to benefit and succeed as an entrepreneur and as a business in the long run.

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BENEFITS OF HAVING A JOB DESCRIPTION AND A JOB SPECIFICATION IN YOUR BUSINESS OR ORGANIZATION AS AN ENTREPRENEUR.

 

BENEFITS OF HAVING A JOB DESCRIPTION AND A JOB SPECIFICATION IN YOUR BUSINESS OR ORGANIZATION AS AN ENTREPRENEUR .

Hello reader, today I’ll be taking you through some of the major and key relevance of having a job description and a job specification in your routine business activities and operations as an entrepreneur.

Normally , a job description's main aim is to define the duties and task of various jobs within the organization while a job specification’s main aim is to define the level of skills, knowledge and expertise needed to perform various jobs within the business or organisation. Therefore for increased efficiency in jobs being performed within your business or organization, job description and job specification play a vital role for even the major goal of achieving business success in the long run. You’ll find that most of the most performing businesses i.e. organizations and companies, have well defined job duties and tasks as well as their employees are more competent in performing their routine duties and tasks courtesy of job description and job specification. Hence for increased effectiveness too, these two key elements play a crucial role. Some of the major benefits of having a job description and job specification in your business as an entrepreneur are highlighted and elaborated below :

. Reduces labor turnover.

  In the presence of well defined job tasks and duties, most employees will feel engaged since they are now able to perform their duties more effectively hence they won’t have to quarrel with the HR manager or underperform their delegated tasks too. Therefore, they’ll be able to fulfill their routine job purpose in the long run. Most of the employees whose duties are undefined end up feeling left out and confused in performing their tasks and duties hence their output ends up being low . Therefore, they’ll end up not being in good terms with their employer and this ruins their relationship thus they finally end up leaving the organization. Thus your organization as an entrepreneur will lack enough labour to perform the routine business activities and operations. Therefore you’ll end up registering low profit maximization hence fail as a business. To avoid this, you should purpose to implement the use of a job description before delegating duties to your employees. This will help in reducing labor turnover therefore you’ll register more productivity and profit maximization in the long run thus you’ll be able to achieve business success too.

. Motivates your workforce.

Employees who are able to comprehend what they are supposed to do are more motivated than employees who perform their duties randomly without the know how of what is supposed to be done or what is not supposed to be done. Hence to motivate your employees more majorly for the new employees, define the duties and tasks in the jobs delegated to them. Motivated employees are more and higher performing than employees who are not. Therefore you as an entrepreneur will end up maximizing your productivity levels as well as your sales and profits hence achieving business success will be guaranteed.

. Improved employee performance.

 It is most likely that employees who are aware of their job roles are more performing than those who do not know their roles. Ability to recognize your job tasks gives you an opportunity to increase your job skills, knowledge and proficiency hence you’ll end up increasing your job performance greatly. Therefore as an entrepreneur, purpose to appreciate the key roles played by job description and job specification since in the long run, you’ll end up having a more performing workforce . Hence your productivity and profits will increase greatly thus business success and your success will be a certainty .

. Reduced absenteeism amongst employees.

  Employees whose job tasks are undefined are most likely to not attend to their routine job duties and tasks. This is because they most of the time feel under hyped and demotivated in performing the duties. Hence to minimize this as an entrepreneur, define the tasks and duties for your employees. This will boost their morale and motivation ,thus they’ll end up attending to their routine job activities without even close supervision and follow up . Therefore there will be increased productivity and profit maximization thus your business success will be achieved.

In a nutshell, for efficiency and effectiveness of the routine job activities and operations, job description and job specification are vital. Therefore you as an entrepreneur should purpose to adopt the key roles played and in the long run you’ll be able to attain higher performing and motivated workforce hence your productivity and income generation will increase greatly.

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RELEVANCE IN INSURING YOUR BUSINESS AGAINST RISKS.

 

RELEVANCE IN INSURING YOUR BUSINESS AGAINST RISKS :

Hello reader, today I’ll be taking you through some of the major and key importance in insuring your business against risks causing hazards which later on result to losses being incurred in your business as an entrepreneur. Therefore insuring your business plays a crucial role in the achievement of business success. Mostly in the occurrence of losses due to risks such as fire outbreaks, business men and women who’ve neglected insuring their businesses end up incurring major loses in the long run. Inability to insure your business against these risks guarantees you a major strain in reviving your business and it’s operations back to track in case there is an occurrence of losses incurred due to these risks. Hence therefore insurance plays a vital role for your routine business operations and success in the long run. Some of the major relevance in insuring your business against risks and losses are highlighted and elaborated below:

. Through insurance , the continuity of your routine business activities and operations is guaranteed.

 In case one of these risks insured against occurs and leads to losses eventually, your business continuity in performing it’s routine operations and activities is guaranteed as the insurance is mandated to pay you premiums . These premiums hence will be very beneficial as you’ll be able to revive your business operations as usual regardless of the losses and amount of damage caused. Therefore you’ll be certain of continued business operations unlike those businesses who’s operations and activities are not covered by the insurance policy. Most of the uncovered businesses in result to mega losses or even business closure in case a risk leading to losses occurs. Hence you as an entrepreneur should purpose to adopt taking an insurance cover for your company to ascertain your continued production and provision of services to your customers as well as your profit maximization and business success in the long run.

. Through insurance, your confidence as an entrepreneur in your routine business activities and operations is boosted as you’re certain of compensation in the occurrence of risks causing losses.

 Businesses whose operations and activities are insured against tend to be more confident than those ones whose operations and activities aren’t insured against. Most of those whose operations aren’t insured tend to be too cautious and reluctant in performing their routine business activities. Hence they end up producing lesser output thus profits they generate are minimal . This therefore result to them receiving little success or losses in the long run. But for these businesses which operations and activities are insured against, their daily undertakings in business are done and performed more effectively and efficiently since the respective entrepreneurs are more confident since they have an assurance of compensation incase a risk occurs in the course of business operations. Therefore production activities will be increased hence more income will be generated due to more sales being registered. This you as an entrepreneur will be guaranteed of your success and business success in the long run.

. Through insurance, job security is certain hence during the occurrence of a risk, you as an entrepreneur won’t have to face any fear of loosing your job or end up being jobless.

 For the many businesses whose operations are uncovered, many business men and women end up losing their jobs in the occurrence of risks causing hazards. This is because most of their businesses are confiscated for example in the occurrence of a fire outbreak. Hence that business person ends up loosing his)her source of income in the long run , thus even reviving his/her business back to normal becomes a bit hard in the long run. But for those entrepreneurs whose businesses are covered by an insurance policy, they are guaranteed that their businesses will continue with their routine operations regardless of risks occurring . Therefore with this certainty, these entrepreneurs are guaranteed of their job security hence they will be motivated to work hard in their daily production activities and operations hence sales will increase greatly thus profits will end up being maximized too . Therefore the entrepreneur will be able to succeed himself/herself and as a business too in the long run.

In summary , having an insurance cover for your business as an entrepreneur is crucial for your success and the success of your business in the long run.

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MAJOR ROLES PLAYED BY A HR MANAGER IN THE ACHIEVEMENT OF BUSINESS SUCCESS.

 

MAJOR ROLES PLAYED BY A HR MANAGER IN THE ACHIEVEMENT OF BUSINESS SUCCESS :

Hello reader, today I’ll be taking you through some of the major roles a human resource manager plays towards the achievement of business success. His/her major concern is based on the human resource/the personnel working in a business may it be a company or an industry. Simply provided that there are a variety of people working in a given organisation. The HR main duty is to manage those people effectively and efficiently towards the achievement of business success. Therefore you’ll find that he/she is directly involved in ensuring that employees work to their maximum best in maximization of the quantity and quality of the end product or results. Hence having a HR expert in your organization is crucial in the achievement of business success. Some of the major key roles played by a human resource manager towards the achievement of business success are highlighted and elaborated below:

. Recruitment and selection.

 A human resource manager is mandated to perform these key processes as they play a crucial role in acquisition of competent staff or potential employees who’ll work in the organization. His/her major aim here is to advertise for vacant job posts and positions hence create a large pool of applicants who possess the necessary skills and qualifications for the job post. Then after that he/she is mandated to carry out a critical review and analysis of the applicants resumes to ascertain their qualifications needed to perform the duties on the job position advertised. An interview then follows . This facilitates the HR manager to get to interact and know more about the potential employee. Then after the completion of this stage, the HR now is able to select the most qualified and competent potential employee to fill the job post. Therefore through this process, a business will be able to acquire more efficient and competent workforce thus maximize it’s productivity and profits greatly. Hence business success will be achieved in the long run.

. Remuneration.

 It is the duty of a HR manager to ensure that each employee is compensated fairly in relation to his/her job done. He/she should ensure that no employee is left behind in receiving his/her share of income after the accomplishment of the duties and tasks delegated to them . A human resource manager too is to ensure that there’s no discrimination in disbursing the employee’s salaries. Most of the time these employees do not receive their share of income fairly but through having a HR in your organization, these cases are minimized hence the employees end up being even motivated and willing to work greatly. Therefore the business/organisation will be able to maximize it’s productivity and profits greatly. Hence business success is guaranteed.

. Training and development.

 It is the role of a HR manager to ensure that employees are frequently trained and developed so that their skills, knowledge and proficiency would be increased. Therefore if your employees, mostly the underperforming ones are trained and developed, the production activities and operations will be undertaken effectively hence production will increase. Production increasing creates a certainty that you’ll be able to maximize your sales and profits at large. Hence your business succeeds in the long run. 

. Performance appraisal.

 The human resource manager is responsible for the appraisal of the most effective and performing employees in an organisation. He/she is mandated to carry out regular inspections and surveillance within the workplace hence spot out the most performing and effective employees. Hence to motivate and appreciate them, he/she appraises them through rewards and recognition. We all love being appreciated and recognized for our efforts and performance. Don’t we? So through rewards, these employees morale is boosted hence they’ll end up giving all their best in performing their delegated tasks and duties. Therefore production will increase greatly and this now will lead to profit maximization. Through this , business success will be attained in the long run.

In conclusion, a human resource manager plays a vital role in the major aim achieving business success. He/she is able to manage the most important asset in an organisation or a business effectively and efficiently thus maximizing their performance levels . Hence this contributes greatly to the achievement of business success. Thus as entrepreneurs, to maximize and achieve business success and goals effectively, adopting a HR in the daily business operations is crucial.

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REASONS WHY SAVINGS ARE CRUCIAL TO AN ENTREPRENEUR.

 REASONS WHY SAVINGS ARE CRUCIAL TO AN ENTREPRENEUR :

Hello dear reader, today I’ll be taking you through some of the major reasons as to why savings are of great importance to an entrepreneur the major goal of attaining and achieving business success. Normally many people after acquisition of income or profits, end up consuming all of it or spending it extravagantly. It is important to save a little portion of your income . Normally savings are so beneficial in the long run as they tend to make up for the hard times in the life of a person and majorly the entrepreneurs. They play a vital part for the continuity of business operations as well as achievement of business success in the long run. Some of the major and key reasons as to why savings are important to an entrepreneur are highlighted and elaborated below .

. They make up for losses incurred. 

 There are times where the business owners incur losses in the course of business operations. This may be in terms of reduced sales , goods going bad due to lack of customers to purchase them or even maybe in the occurrence of an accident while goods are being delivered to the market. Therefore , to minimize the impact accompanied by these losses, savings play a crucial role. Through savings , for example to those goods destroyed on delivery to the market, you as an entrepreneur will be able to make up for those losses in that you’ll be able to facilitate the production of other similar goods without any strain. For perishable goods too, you’ll be able to replace them with others too hence the continuity of your business will be guaranteed. Therefore you as an entrepreneur should purpose to start saving as you’ve seen that there are vast benefits accompanied through adoption of this initiative.

. They facilitate development to an entrepreneur’s business.

  Long term savings majorly result to more generation of income hence an entrepreneur will be able to grow and thrive business wise . These savings will greatly assist the business person to increase his/her stock thus he/she will end up generating more income in the long run. Generation of more income for the entrepreneur guarantees you more growth as through the success of that single business, the entrepreneur will end up opening up more branches and many other business hence he/she will be able to maximize his/her profits even further. Therefore savings play a crucial role in the major success of the business and the success of the entrepreneur in the long run.

. They are an assurance of business continuity in the occurrence of major risks and hazards.

  There are a couple of entrepreneurs who’ve incurred so much losses due to the occurrence of these major hazards an example being fire outbreaks . Most of these entrepreneurs who incur the huge setbacks caused by these hazards majorly end up shutting down their businesses due to bring broke hence through the closure of their business operations, they end up failing as entrepreneurs and a business as well . If these entrepreneurs could have opted to adopt a savings habit as their businesses were functioning, they would be able to regain their businesses and commence their businesses as well. Hence to avoid this catastrophic impacts caused by the occurrence of those hazards, you should adopt a savings habit in your routine business activities as an entrepreneur. Through this , the continuity of your business activities and operations will be guaranteed hence you’ll be able to generate income as usual. Therefore business success will be a certainty.

. They assist in the reduction of the daily expenses incurred by the entrepreneur.

In day to day running of the business, expenses are incurred. Therefore for the entrepreneur who had adopted a routine savings habit in his/her business, paying for these expenses will be much easier as the money generated from these savings will be able to make up for those expenses. The entrepreneur hence won’t have to dig in to his)her profits to pay for them therefore profits will be maximized and business success will be guaranteed.

In a nutshell, savings play a vital role for the success of the business as well as the success of an entrepreneur too. Therefore if we all adopt this good habit in our daily undertakings, we’ll end up succeeding in the long run.

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