Most people do not look forward to having to fire or lay off someone. Whether you are human resources professional, a labor attorney or a seasoned business owner the experience can be difficult and emotionally draining. However there are ways of making the task of employee termination easier.
As the economy continues to improve it will become more challenging to attract and retain employees. This will get increasing more difficult because the amount of available workers is also shrinking. Baby Boomers (born between 1944 and 1964) are retiring and being replaced by the next generation which is about half in number. Generation X (born between 1965 and 1980) has 44 million people compared to the 76 million Baby Boomers. Therefore it is important to ask yourself what you are doing to protect your most valuable asset, your employees, from the competition.
In the quiet moments business leaders often wonder what the catalyst for business growth is. More simply, they might be wondering “what is holding me back from taking my company to the next level?” In order to find a solution it helps to know where the problem originated. Typically there are three main areas where entrepreneurs are challenged. Read more