Personal Development

3 Million Americans Quit Their Job Every Month: Top Tips for Employee Retention

/ nancyrubin / 1 Comment

Employees deserve to feel satisfied about their work, but it appears that a record-setting number aren’t. According to a survey of employment trends, approximately 3 million Americans quit their jobs each month. For many companies, this is a huge loss–both in talent and in money. After all, it can be expensive to replace your employees. In order to prevent your employees from walking out your door for good, you need to strategize carefully to encourage employees to stay. Yet, it may not be as hard as it may seem. Here are some pointers to help you retain your workforce.

Invest in Your Office Environment

Look over your budget and see if there is room for you to invest in sprucing up the office. It’s been proven that employee performance is significantly impacted by what their workplace looks like. You can start out small: consider redecorating to create an open floor plan, which in turn fosters greater collaboration. A support network like that makes everyone look forward to going to work.

Foster Positive Workplace Culture

The mental atmosphere in the office is just as important as the physical one. Organize regular team building events that go beyond building marshmallow towers or egg racing. Get creative with activities such as a volunteer outing or cooking classes. This helps employees feel a greater personal connection to each other and the organization, and will make them want to stay as a result.

Survey Your Employees

Your own initiative goes a long way, but you should also take employee input into consideration. Send out regular surveys to monitor office morale—but not too often, otherwise employees may feel annoyed. Checking in to see how everyone’s feeling shows you care. It lets them know that your staff are valued and are a critical part of the organization so they’re less inclined to take off. Surveys don’t have to be direct, either: you’ll also learn a lot from just taking part in the classic water cooler conversation.

Encourage Professional Development

Employee retention also has a lot to do with creating opportunities for growth. Give them something to work towards as much as you give them to work on. Hiring an executive coach can help with this. Bring one in for a workshop or similar event. Your employees will then recognize their own potential within your organization and be motivated to work harder as a result. It’s also been said that a rising tide lifts all boats, so if even one employee gets inspired, that extends to everyone else, too.

When you’re a business owner, you’re especially concerned about keeping employees on board. Making sure that your organization’s goals align well with their personal interests will keep them from jumping ship.

6 Must-Know Features for Acing at LinkedIn Marketing

/ nancyrubin / 1 Comment

 

Do you still see LinkedIn as a mere job searching site? And you think that it is only a platform to meet professionals?

If this is what you are thinking then you need to Wake Up, buddy!! Because the time have changed and quite different now. LinkedIn is a platform which has evolved like no other social network.

From just a job searching site it has now turned into a biggest networking site where you can socialize with people around the globe, from every industry.

You can take valuable tips from renowned name, promote your brand or promote yourself as a brand. And the best part is that you can even run ads on LinkedIn. So it isn’t just representing yourself as a professional but building a platform for yourself to socialize, to explore and to market your brand.

LinkedIn has grown its users to 450 million which is a great number indeed. But wait there’s more! The recent acquisition of LinkedIn by Microsoft has made it even more widespread and advanced. This takeover will have some great consequences which will be visible in the coming years.

As far as Marketing is concerned, you might be thinking that LinkedIn Marketing is something revolving around optimizing your LinkedIn Profile and publishing valuable content on Pulse, only!

But let me tell you, LinkedIn has come up with some fantastic features where you can run your marketing campaigns with a widest reach now.

Why?

Because LinkedIn has all the people you need as your contacts, from your colleagues to CEOs, from competitors to Influencers. You have a chance to make your product or service viral in the relevant people in seconds.

If you are thinking what exactly do I mean by this, then wait…Because today this post will elaborate on each feature in detail.

Here you go with 6 Amazing LinkedIn Features To Start Marketing On Today:

1. LinkedIn Pulse

LinkedIn Pulse is one feature which is pretty popular on LinkedIn and it is considered to be the best platform for content marketing and to show your skills.

Pulse gives you a chance to a publisher of your own, have your blog and publish whatever you want and whenever you want without any limitations unlike a usual blog hosting website.

I mean the idea of setting up a whole blog and structuring it must scare you at night.. Right? Then Pulse is an end to all your worries!

Because this will give you a ready-to-use blog where you just have to insert your content and click ‘Publish’.

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Pulse will offer you:

  • Easy publishing
  • A built-in platform
  • A built-in relevant audience
  • A wider reach
  • An increased traffic on your website

2. LinkedIn Marketing Solution

Now this seems new.. Right? Because till now you only knew about LinkedIn Pulse as a content marketing resource. But recently, Linkedin has developed some new resources and LinkedIn Marketing Solution is a new platform which has got everything you need for marketing purposes.

This Solution is offering you:

  • A Marketing Blog

It has its own Marketing Solution Blog which has got some great stuff, specifically related to latest innovative marketing strategies.

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  • Case Studies:

The platform also give interesting Customers Stories which will give you some great lessons and tips from marketing and advertising case studies on LinkedIn customers.

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How realistic you want it to be?! I think this would work in great ways when you would have real-life examples of how marketing strategies worked. You will cut the time which is else wasted and finally implement something practical in the market.

  • Best Practices:

You will find all the useful marketing resources and solutions at this platform along with some extremely useful marketing techniques you need to promote your product. This enables you to find some best tips and tricks to follow the fast paced advertising world of today.

  • Guides to Ads & Updates:

A complete guide on various types of ad campaigns and updates will also be provided here.

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What else does a Marketer need? Just get your hands on to this resource and get going!!

3.    LinkedIn for Small Business

As Shane Vaughan says, “LinkedIn is the place – particularly if you are a small company – where you can go establish yourself as an expert in your space.” LinkedIn now has given a great chance to small business vendors to market their product or service in a unique manner like never before.

This resource is giving these people a space to publish their content, convey their opinions and even run their ads.

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It’s giving these small business entrepreneurs a complete guide about:

  • Branding
  • Marketing
  • Sales

Isn’t it just amazing?! I don’t think small businesses had this kind of space before and that too on such a renowned platform with a huge network and reliable authority.

4.    LinkedIn Content Ads and Sponsored Updates

Now LinkedIn offers you a great chance to create easy and super effective ad campaigns without any hassle. You just have to bid your CPC (cost per click) and CPM (cost per impression) and set your regular budget for your ads.

LinkedIn will help you to find the untapped audience which you have never targeted before and will give you a much wider reach than you have ever thought. Hence, giving you phenomenal results in terms of high ROI and sales.

Coming to the Sponsored Updates, set sponsored updates on your company profile’s page easily and quickly. You can even avail direct sponsored updates which will not be visible on the company’s page but will appear directly on the main feed of people who have followed your page.

This is how your ads and updates appear on LInkedIn.

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Check this Guide on how to Advertise on LinkedIn.

5.    LinkedIn for Building Profiles

Now this is something which you must be already familiar with. “Upgrading and optimizing your LinkedIn profiles.” This can be your own profile as an entrepreneur or even your company’s profile. In both cases optimization will help you generate traffic and make your name viral.

Profiles can be optimized through:

  • Increased SEO strategies
  • Optimized Headline (so you appear in the relevant search)

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  • Compelling Summary
  • Constant Updates
  • A professional and decent Profile Image
  • Valuable Recommendations
  • Endorsements

Your Company’s profile should also be updated on a regular manner and should be properly optimized with:

  • Attention-grabbing CTAs
  • Catchy Description
  • Thorough Introduction
  • Constant Updates

Check out these Tips To Optimize Your LinkedIn Profile by Lisa Dougherty.

6. LinkedIn for Networking

We all know that LinkedIn is a biggest place to grow your network so why not take the advantage through networking.

As Bill Gates says,

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Marketing becomes easier and much more effective when you have high PR and contacts. LinkedIn allows you to build relevant audience and contacts.

The first thing you should do after building a good profile is to join the groups of your industry. Things to do to kick off networking on LinkedIn:

  • Join Relevant Groups
  • Join Active Groups
  • Post Useful Updates
  • Post your Articles from Pulse
  • Comment on other posts
  • Become a Thought Leader

These groups and discussions will let you connect with experts and influencers, hence increasing you in exposure and expanding your public relations.

Conclusion:

So these are the six amazing ways you can market your product or service. These various resources or pages help you build a high audience and do effective marketing.

So, just fasten your seat belts…And run along with the changing time and get used to of these innovations at every platform.

The new blogs and groups will give you a great chance to meet the people you want, your customers, influencers and the experts of your industry. And trust me these are the people who will build you and your product!

Thus, start using LinkedIn to get yourself going and to have an impactful marketing strategy!

Guest Author, Hammad Akbar is a tech entrepreneur with a passion for technology and online marketing. He’s currently focusing on a new startup TruConversion , a SaaS application in web/mobile analytics space. Check out his blog HammadAkbar.com.

Transform Your Business Before January? Tough, But Possible

/ nancyrubin

It’s a scary thought, but 2017 is just two months away. For millions of people across the globe, it’s just starting to dawn that 2016 has passed them by. This is particularly true when it comes to business, but the year isn’t over yet.

You still have time to make some major improvements before 1-1-17 rolls around. Here are five simple yet effective upgrades. Embrace them immediately, and you should see telling results before the year is through.

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Cut The Slack

When looking for ways to improve our businesses, most of us naturally think about increased sales. However, earning profit is a two-way avenue. Cutting overheads can be equally beneficial, and it’s probably a lot easier to do too.

Whether it’s using a new delivery company, changing energy supplier, or a new insurance claim isn’t important. Anything that cuts the overall costs without sacrificing the quality of your output should be grabbed with both hands.

Upgrade Office Facilities

The office arena is the heartbeat of any successful modern business. Therefore, making improvements here should bolster the entire operation. Introducing new and improved technology is the key.

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Even simple additions like going paperless can enhance the communication and the organization. Computer support experts can help you maximize the progress by ensuring that systems continue to run smoothly. It may take a few days to settle into the new routines. But those long-term benefits will improve everything from productivity to security.

Invest In Your Staff

As a business owner, you should already appreciate that your staff has a massive influence on your success. They are the people that will put your ideas into practice. Therefore, creating a happier workforce should be a priority at all times.

Staff training and development shows that they have job security while improving their prospects. However, it’s equally important to appreciate their human needs. Water coolers, staff room upgrades, and the introduction of flexitime can all have a positive impact. Reward them, and they will reward you. It’s a simple formula, but it really does work.

Branch Out

Growing your business will require some work on your behalf, but it doesn’t require as much as you may first think. One of the quickest and simplest ways to expand your brand is to start franchising.

You’ll only see a small percentage of the additional profits, but you’ll barely have to lift a finger. Once you’ve found the right blueprint, you can add extra locations too. As well as those direct benefits, the expansion should increase the brand awareness too.

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Go Online

Finally, it’s time to realize that online sales are the key to future business success. Online transaction figures have climbed at an incredible rate over the past decade or so. Most people have used the internet to buy a product at one time or another. Adding those possibilities to your venture can open your doors to an entirely new audience.

Whether it’s selling directly through your site, or through eBay and Amazon, the online audience cannot be ignored. Apart from anything else, it’ll keep your doors open on a 24/7 basis.

 

Don’t Overlook Professional Development Hours

/ nancyrubin

Today’s job market is competitive.

onlinePeople are coming out of college well educated, well prepared, with strong backgrounds and experience already. Skill sets are strong and with internships starting in high school, experience is easier to get. You’ve got to get (and stay) ahead of the game to maintain and move ahead.

One smart way to do this is to take on some professional development.

Whether you take professional development hours before you get a job, during employment or even in between jobs, it can help make the difference in your career.

Here’s a look at 4 Reasons to earn additional professional development hours:

  1. You’ll improve your skills – Regardless of your career, professional development hours will help you improve your current skills. Maybe the classes are geared toward your specific career, like “How to Teach New Methods of Math” or more general, like “Better Organization Skills.” Whichever it may be, you’ll benefit from learning new skills. Once you implement your new knowledge, you’ll be able to do more within your job.
  2. You’ll open the door for more promotion opportunities – Perhaps you want a promotion, but you aren’t quite ready for it. Take a few professional development classes in the specific area of the position you’re eyeing, and you will be more marketable for it. Not only does it open promotion doors for you within your current job, but it you are looking to switch companies to move up, it will help out there as well.
  3. You’ll increase your earning potential – Often your salary is dependent on some outside factors including certifications. Professional development courses can help you reach those certifications, therefore, increasing your earning potential.
  4. You’ll impress your employer – Sometimes it’s mandated to take professional development hours, sometimes it’s optional, but it’s always a benefit. Your employer will be pleased you are taking initiative to better your work skill set, and that will lead to good things. In fact, check with your employer if this is something you’re taking on yourself, because they’ll often pay (or reimburse you) for these classes.

Educate Yourself on More Schooling

Teachers, for examples, need to take professional development hours.

Whether it’s in their specific subject field or grade level, or it’s covering new educational trends or technology, it keeps them current and up to date to provide the best education to their students that they can.

Sales people also continue to take professional development hours on technique as well as product. The medical field continues to take professional development to learn new techniques and information.

Without professional development, there’s the chance of stagnating and falling behind.

With it, you’ve got opportunity, excitement and enrichment. It’s an easy choice which way to go!

About the Author: Heather Legg is a freelance writer who covers topics related to career development, social media and small business.

The Beauty of a Cosmetology Degree

/ nancyrubin

Cosmetology is the practice in which a professional beautifies the hair, skin or face. Cosmetologists may be hair stylists, makeup specialists, nail technicians or skin specialists. In order to become a cosmetologist, you must attend cosmetology school and get your license. With the average cost of school being about $20,000, this isn’t a career to be taken lightly. Fortunately, there are ways you can save on your program of choice.

Cosmetic set on a white backgroundHere, we’re looking at what to expect from cosmetology education and how to save money in the process.

Saving money on cosmetology school

Among the tricks to saving expenses include:

  • Only take out loans for money that you need – Students oftentimes get themselves in trouble because they take out more money in loans than they actually need. If you need a loan to help pay for tuition or for a portion of your living expenses, that’s understandable. But if you request more loan money to pay for your expensive eating habits or fine taste in clothing, that’s unnecessary. Get into good money habits when you’re young – the results will pay off immensely.
  • Look into cosmetology grants – There are two types of grants – need-based grants and merit-based grants. Need-based grants are based off of your income. Merit-based grants are awarded to students who qualify for reasons other than low income. These can include anything from being a single mom to being a certain ethnicity. There are millions of dollars available in grants and scholarships; it’s up to you to get awarded them.
  • Choose a less expensive school – While some beauty schools cost tens of thousands of dollars, that doesn’t mean all of them do. Do an extensive search in your area on the cost of several different schools. Find one that fits or comes closest to your predetermined budget and go with that one. After getting your license, you can gain experience and work your way up to where you want to be. Once you have 10 years of experience under your belt, it won’t matter what school you graduated from.
  • Work part-time while in school – Most cosmetology schools offer classes at night. Consider working as a receptionist at a salon during the day and going to school at night. Yes, you will be extremely busy, but most cosmetology programs are only 9 months to 2 years, so you can make it work. If the school of your choice only has classes during the day, pick up a serving job part-time to bring in some extra money. The less debt you have when you graduate, the better.
  • Take your licensure test immediately after graduating – If you’re forced to wait a few months to take your licensure examination, apply at salons in the meantime instead of sitting around. There are salons out there that will hire people who have completed their program of study but are still waiting to get licensed. Another benefit of taking the test as soon as possible is the information is still fresh on your mind.

Get into a program, study hard and stay focused.

Take out minimal, if any, loans and look for grants and scholarships.

It won’t be long until you’re a licensed cosmetologist and gaining a reliable and steady influx of clients – and a steady paycheck!

About the Author: Sarah Brooks is a freelance writer living in Glendale, AZ. She writes on saving money, small businesses and travel.

Is Your Present Job Costing You Your Retirement?

/ nancyrubin

In the wake of America’s biggest economic downturn since the Great Depression, many find themselves working at jobs that not only pay less but also provide far fewer benefits than was the case before the slump.

For those looking beyond their working years to what hopefully will be a financially secure and comfortable retirement, the outlook for reaching their goals may seem very gloomy indeed.

But with a little strategic planning, in time you can move from a low-paying job now to a more lucrative position that will allow you to set aside more savings for the future and your eventual retirement.

And if you play your cards right, you may land a position with a company that offers a retirement savings plan such as the 401k that allows you to grow your money at an even faster pace.

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Advance Planning Is Key

Like anything worthwhile in life, retirement requires advance planning — lots of planning.

You need to decide what sort of life you want to lead after leaving the workplace and, most importantly, the level of monthly income you’ll need to pay the way for such a lifestyle.

To achieve savings goals, you first must decide how much you’ll need to save to support you in your retirement years.

Without savings goals, you have no way to gauge just how much should be put aside in savings each month to accumulate your retirement nest egg.

Survey Findings Alarming

Nearly half of all American workers 45 and older have made no attempt to calculate the amount of money they’ll need to save in order to finance a comfortable retirement. This alarming statistic comes from a 2013 survey conducted by the Employee Benefit Research Institute, a Washington, D.C.-based organization dedicated to helping develop sound employee benefit programs.

Not surprisingly, the same EBRI survey indicated that far more American workers expect to be working longer before retirement than was the case a decade ago.

EBRI’s 2013 Retirement Confidence Survey also revealed that only 67 percent of those surveyed believe they will have enough money to cover their basic expenses during retirement. That’s down sharply from 80 percent in 2012.

Breaking down the 2013 data even further, 24 percent of respondents are very confident they’ll have the money they need to cover basic expenses, while 43 percent describe themselves as only “somewhat confident.”

Get a Plan Started

The most important step you can take toward retirement is to draw up a plan that can serve as your roadmap to the life you hope to lead after your working days are over. The earlier you start this plan, the better. However, it’s never too late to put a plan into place.

You’ll find a wide array of online planning tools that can provide a framework for your retirement plan. CNN Money’s Retirement Planner is a simple tool that can get you started. Or you can use one of the online templates as a model for a retirement planner of your own design.

Save for Retirement

Ideally, you should be stashing away 15 percent of your current gross income into a retirement savings fund.

If that’s impossible given your modest current earnings, save as much as you possibly can. If and when you move on to a better-paying job, you can try to increase your savings to compensate for the years when you were unable to save as much.

Take full advantage of your employer’s savings plans, particularly 401k plans in which the employer matches your contributions, at least up to a certain percentage point.

Another worthwhile investment opportunity available from many employers is an employee stock ownership plan, or ESOP, which allows vested employees to purchase company stock at a discounted rate.

Typically, employees put a specific amount of pre-tax earnings into an ESOP fund that is used to purchase company shares at, say, 85 percent of face value. Assuming the company is solid financially and doing well, that amounts to an instant 15 percent savings, which can add up quickly over time.

If you are currently working in a job where no such employee benefits are offered, your search for a better-paying job should also take into consideration what benefit plans are available from prospective employers. Whether you work for company that sells real estate, markets various products and services, specializes in mobile payments or offers various financial investments, take advantage of what your employer offers you.

Timing Your Retirement

While most individuals dream of retiring as early as possible, that might not be a viable option for you, particularly if you’re getting a late start on your retirement plan or if you’re now unable to save as much as you’d like for the future.

Working a few years longer, however, can pay significant dividends, particularly when it comes to the size of your Social Security check each month.

Forbes magazine estimates that an unmarried worker earning $50,000 a year would get a monthly check of $1,011 if he took early retirement at age 62 in mid-2013. If he waits until the full retirement age of 66, the check would increase to about $1,420.

Postponing benefits until age 70, the worker would receive a monthly check of $1,972, almost twice the amount of the monthly benefits from early retirement.

About the Author: Jay Fremont is a freelance author who has written extensively about personal finance, corporate strategy and social media.