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Pulse Survey

Employee Retention & Hiring

Hiring

This is a high-level summary of our key findings from the March 2013 Small Business Pulse Survey. This survey concentrated on Employee Retention and Hiring

 
  • Strategic employees are retained most effectively through "improved communication & culture"
  • When asked to describe their current experieince in retaining existing employees 65% of small business owners responded that it was easy to retain employees. 
  • All respondents surveyed agreed the most effective strategy for retaining existing employees is to "improve communication & culture"
  • Additional retention strategies include: "support flexible hours & work remotely", "increase performance-based compensation", "increase base total compensation","increase opportunities for training, continuing education and skill development". 
  • The biggest hiring challenge facing business owners is candidates "missing the necessary experience in our industry"
  • The most effective hiring channels for small business owners were through employee referrals, classified ads, LinkedIn, company website, or a professional recruiter. 
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Future Outlooks:

  • 72% of TAB members expect an increase in profits in the next year. 
  • 79% of TAB members expects their sales revenues to climb in the next year. 
  • 50% of TAB members will increase their hiring of full-time employees this year.
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Facing Your Working Capital Challenges in All Economic Times

Whether we are experiencing economic growth or slow down - even recession - there are some basic principles to make sure your company is doing its best to maintain and monitor proper cash flow in all extremes. In this webinar, we will discuss some of the basic principles and then move on to discuss how to properly fund your company without cash constraints.

Key Takeaways:

  • Understand how your operating cycle affects cash flow.
  • Learn which working capital financing structures are best for your company.
  • Understand the differences between conventional financing and alternative markets. 
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