To say that the coronavirus pandemic has hit businesses hard is a huge understatement. When the lockdowns implemented and social distancing was put in place, it has been hard for businesses to stay open, let alone operate. All industries were affected, not one profession was spared by the pandemic’s adverse effects. Physician, baker, commercial roof
A typical hiring process is long. In the United States, it takes about 23 days to successfully choose a candidate who agrees to the offer and signs the contract. Although it’s as time-consuming as in other parts of the world, recruitment duration is worse than in 2014, according to Glassdoor. The coronavirus pandemic is likely
In a world where competition frequently claims to be number one, and 58% of consumers are not loyal to a specific brand, it can be challenging to differentiate and create your own identity. It often leaves you continually battling against the competition for your customer’s loyalty. However, although it can be difficult, it’s not impossible.
Purchase power has been in an upswing the past couple of years that businesses continue to be profitable even amid economic losses and job cuts. But the pandemic has put these things at the front and center of every business that wants to survive this period. Without customers pouring into your store, how can you
Workplace absenteeism costs dollars–a lot of it. Circadian, a workforce solutions firm, even calls it a bottom-line killer. The direct costs associated with absenteeism can vary according to position and job. On average, it could reach almost $4,000 per hourly-wage worker each year, according to the firm. Meanwhile, a company that employs at least 500
Why a business needs a website has never been more emphasized since the COVID-19 pandemic started. While retails sales plummeted in April, online shopping skyrocketed. According to The Office of National Statistics (ONS), “Online shopping as a proportion of all retail reached a record high of 30.7.” Hence, increasing online presence is crucial in these
As the economy heads towards an uncertain future, many businesses are starting to feel financial pressure and deliberating their options to cut costs. For many employers, redundancy is one of the easiest ways to scrimp and save wherever possible. Unless you’re a heartless monster, nobody wants to let go of their most skilled and valuable
The most difficult part of owning a business is actually getting started. Once you’ve got your foot out the door, it’s all smooth sailing when trying to establish your presence in the domestic market. After all that, you might be thinking, “what next?” The answer to that is to consider going global. With the numerous
Small businesses, especially those that have brick and mortar stores, have been facing a lot of difficulties right now because of the ongoing pandemic. Many of these enterprises have turned to online means to continue selling their products and services as shops close down. If you own or manage a bakery, there are a lot
Whoever you see now out there in the market are essential workers. Though they aren’t in the front line of the fight against the coronavirus pandemic, they are essential to their companies. For a business to stay afloat right now, it has to take the necessary sacrifices of opening shops even with a health threat.