In the upcoming year, most businesses will face higher costs for shipping, insurance, health-care, and labor. The economy is expected to grow at a 3.1% rate versus 1.9% in 2013, which should offset some of these rising costs. What costs can you expect to rise the most in 2015? Read More.
Business travel in the U.S. is expected to grow again in 2014 or up 6.6% to $289.9 billion globally as it did in 2013. This projection provided by the Global Business Travel Association (GBTA) should gain the attention of frequent business travelers as their employers may be sending them on more trips throughout the rest of 2014 and into 2015. Whether you love it or hate it, you should be should be using these great apps to help you manage your trip. Read More.
All businesses go through employee turnover at one point or another. Employees either voluntarily quit, are laid off or fired, or tragically pass away. In all instances, the business is ultimately responsible for when and how each employee is paid for their time at the firm. Read More.
Companies that are not actively exploring, testing and implementing new prices for their products or services may have difficulty sustaining their business over the long-term. Specifically, businesses that price their products or services too low will have difficulty reaching profitability. Those that raise prices too high will struggle to achieve their customer growth goals set forth in their business model. Finding the right price requires constant evaluation. Read More.
Retirement accounts are typically your employees’ most valuable financial asset, with the exception of their homes. Yet, employers don’t always select a 401(k) plan that provides the most value and has the lowest fees. The consequences can be devastating to your employees’ retirement accounts. Read More.
If you’re running a small business, you know how important it is to save money. One area that’s not so easy to conserve money in, however, is health insurance. There’s a lot of uncertainty surrounding the Affordable Care Act for small businesses, and even though the employer mandate has been delayed for a year, it’s a reality you’re eventually going to have to deal with. Here are five ways to cut healthcare costs at your business. Read More.
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