Think employers have no business worrying about what employees do with their paychecks? While you certainly can’t dictate your small business team’s personal spending, it does make sense to know how your workers fare. Recent CareerBuilder research found that 37 percent of employees at small businesses feel they usually or always live paycheck to paycheck, and 67 percent are in debt.
As a small business leader, you undoubtedly realize the importance of selecting the right employees to help your company succeed. This pressure to make a good hiring decision can turn the hiring process into a stressful venture. A bad hire can damage your company’s progress and force you to waste valuable time and money recruiting a replacement.
Unfortunately, even the most seasoned business professionals make hiring errors.
As a small business owner, you hold a double-edged sword when it comes to conveying information. While you get the thrill of announcing a major new client or offering a promotion, you also bear the burden of revealing budget cuts and other negative news items. The family-like atmosphere of your workplace can make communicating bad news particularly hard because of closeness to the people involved.
For the month of August, we’re taking over Talent Factor to look more closely at CareerBuilder’s recent acquisitions — and how they’re making a big impact on your business in 2016 and beyond.
Did you know? The average company uses over 15 different tools to source and manage candidates, according to internal CareerBuilder research. But is all of this technology doing more harm than good?
Even in a post-recession environment, many working Americans are still struggling with anxiety over their finances. Three-quarters of Americans are living paycheck-to-paycheck to make ends meet, according to a survey from CareerBuilder, and while making ends meet is a struggle for many post-recession, those with minimum wage jobs continue to be hit the hardest. Of workers who currently have a minimum wage job or have held one in the past, 66 percent said they couldn’t make ends meet, and 50 percent said they had to work more than one job to make it work.
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