For any small business thriving to sustain or grow, for any entrepreneur on a new business venture, or a seasoned business professional seeking a new business model – making people your business is the first step.
As any successful CEO from any industry will tell you, people are expensive. However, the cost of turnover will always outweigh the cost of training and developing your top talent. The cost of negative word-of-mouth as an anti ‘Employer of Choice’ is costing your company by the minute. Investing in your people – whether it be competitive salary, benefits, employee satisfaction surveys, internal career paths or cultural development opportunities will prove money well spent.
Specifically for small businesses to remain cost-effective; while still investing in the business of people; is to utilize services such as virtual office. Why spend excessive fees on office space; when you can reinvest in your talent? Or, book one of the meeting rooms for a strategy-building employee retreat to brainstorm and increase employee morale? Reward an outstanding Employee of the Month by letting them work remotely for a week.
The possibilities are endless when you put people first.
About the writer:
Martha V. holds a Master’s degree in Human Resources and Labor Relations from New York Institute of Technology. She is an HR professional, specializing in Employee and Labor Relations. Connect with Martha on LinkedIn.
How can a Manhattan Virtual Office help you?
Website: Manhattan Virtual Office