Entries by Neil Damerow

10 signs of a higher staff turnover you need to know

For the purpose of this discussion, let’s define staff turnover as the number of staff that leave in a given year, divided by the total number of staff. If staff turnover is too high, it is an indicator of the problems within your business. They usually jump for joy or excitement, but your employees may […]

10 reasons you need an agency for your job search

Agency: to use or not to use one… So you’re experiencing business growth and wanting to capitalise on opportunities whilst keeping a lid on costs? What choices do you have when it comes to hiring a new employee? Many business owners will put an advertisement on a job board and social media and hope for […]

Employee turnover costs and how to avoid them

Employee turnover is disruptive, expensive and has both tangible and intangible effects. Like in an iceberg, the tangible effects are visible above the water. Meanwhile, the intangible effects appear underneath, less visible yet often quite larger than it seems. Staff turnover is more than filling up a job vacancy due to attrition. In fact, the […]

Why you need to focus on opportunity cost

Opportunity cost: The valuable commodity we use but can never touch When making business or day to day decisions, how often do you do things that could be done by others, for example by engaging someone with more experience, skills and possibly at an overall lesser cost? What is the opportunity cost of you doing these […]

How to avoid bad hires and poor decisions

BAD HIRES: Real horror movie script – shocking audiences in your office So you’ve brought on a new staff member and things aren’t quite going as expected? If you’re getting that sinking feeling, you are not alone. The problem we see with bad hires is that they occur more frequently than they should.

How to increase profits by hiring the right staff

Staff: The secret to increasing harmony, happiness, and profit. Are you a business owner with revenues between $1m and $10m? If so, chances are that one of the biggest problems you have from time to time is staff.   It may be that you: can’t find the right employees, have an underperforming staff, or have […]

Business growth strategy that makes awesome returns

If you are a business owner or manager, one of the biggest challenges you face is business growth. “How to best grow your business?” Competition is fierce and there are more ways to get your message to market today than ever before. The available technologies and platforms are developing and changing at an exponential rate. […]

How Improving Employee Engagement Makes More Money

Employee Engagement: The Secret to 21% improvement in Profits One of the most confronting facts about business performance is the correlation between the engagement of your workforce and the productivity and profitability of your business. In any workplace, there are 3 levels of employee engagement, and the level of engagement in the typical Australia workplace is […]