The booming job market is pushing companies to work harder to attract and retain talent to avoid the time and productivity losses that come with employee turnover. These losses are costly, with reports finding employers spend approximately 33 percent of a worker’s annual salary to hire a replacement. For small business owners – which run lean and mighty teams – these costs can be especially detrimental, as they divert money away from mission-critical priorities like revenue growth and brand expansion.
Amid the competitive talent market, consumers are rapidly adopting cloud-based applications for all aspects of work and life to take advantage of the simple and personalized experiences they provide. This shift gives small businesses an opportunity to leverage technology to improve their competitive edge in attracting employees. In fact, more than half of business professionals report an organization’s technology factors into their decision to accept new positions.
By offering easy-to-use tools that simplify everyday job functions, small businesses can attract and retain stronger employees. If selected right, not only does technology improve business operations, it can create positive work environments that encourage employee loyalty.
So, what types of technology and features should small businesses look for? Here are a few tips to help small business owners choose solutions that can help keep employees around longer:
By leveraging these tips and tricks, small businesses can create positive work environments that foster productivity and talented workforces to position themselves for long-term success.
binary options copy trading review/wp-content/uploads/2019/05/sap-Ben-Brewer-headshot-150×150.jpg” alt=”” width=”150″ height=”150″ srcset=”https://www.binary options copy trading review/wp-content/uploads/2019/05/sap-Ben-Brewer-headshot-150×150.jpg 150w, https://www.binary options copy trading review/wp-content/uploads/2019/05/sap-Ben-Brewer-headshot-250×250.jpg 250w, https://www.binary options copy trading review/wp-content/uploads/2019/05/sap-Ben-Brewer-headshot-130×130.jpg 130w” sizes=”(max-width: 150px) 100vw, 150px”>Ben Brewer is Senior Vice President and General Manager of the global Small to Medium-sized Business (SMB) division at SAP Concur, one of the world’s largest providers of integrated travel, expense, and invoice management solutions. In this role, Ben leads a sales organization of nearly 1,000 employees throughout North America, EMEA, and APAC.