Employees are a business’s most important resource and the impact of hiring a new employee is felt from company profits to company culture.

Making the wrong hiring decision can be expensive – costing time and money. Hiring the wrong person can also damage employee morale and productivity as well as customer relationships.

While it’s impossible to guarantee every hire will be the perfect fit, there are measures you can take to make the hiring process more effective. This article outlines how you can avoid hiring the wrong people.

Provide Clear Job Descriptions

Many job postings offer information about the company but not enough about the job. Craft a clear job description outlining the following

• Job function – Describe the day-to-day tasks and responsibilities for this job. Candidates want to know what their workday will entail. Explain what the expectations are for the role.
• Qualifications – Define the requirements for the position including education, previous experience, and skills. Include any specific obligations such as frequent travel or working on the weekend.
• Values and corporate culture – Tell the candidate how the open job fits into the rest of the company, what benefits you offer and what type of work environment they should expect.

The more details you provide, the more time you will save in not interviewing unqualified candidates or those who are not a good fit.

Do Your Research

Job seekers usually do research on employers before they apply so it’s important to do your own research on the candidate.

Review their social media profiles to find out more information on the candidate especially their LinkedIn page. See if you have any connections in common and, if so, contact the connection to get their opinion on the candidate.

Pro tip from CEO himself Jeff Arnett, founder of an event security product manufacturer:

“To get a better idea about the candidate, you may want to conduct a phone screen with the candidate to help pull your research together”.

Improve Your Brand Image

Whether it is on social media or your business website, a strong brand image can help attract potential employees. Most job seekers research employers online before they apply. They visit your website and social media channels. You may have a great reputation with those who know your business but there are many candidates who won’t.

Review your company website. Is your brand clearly communicated? Ensure job seekers can find enough information about your business online.  Create a career section to provide resources potential employees may need and send a clear message about what working at your company is about. You should include information about benefits, testimonials from current employees, etc. Benefits are important to any job seeker and including testimonials from employees show what their experience is from working with you. These testimonials can also serve as content you can share to your social media as well, giving off a better company image for your business online.

A marketing expert for an online kitchen and bath renovator; Wesley Ward, claims:

“Take your business social media seriously. Make sure you are consistently posting, and all content is consistent with the brand image you are trying to project. Almost everyone uses social media today so most candidates will check out what you post on Facebook, Twitter or Instagram.”

Make sure all your social media channels are listed on your website as seen above for your audience to look at.

When posting, create a balance between your business/services, promotions, culture, employee shout-outs, company events, and life at the office. There are also apps available such as Preview for Instagram, which allows you to add images and rearrange them to predict how your feed would look like. Potential employees want to see what working with you is all about.

Interviewing

A person may have a powerful resume but may not be the right fit, making face-to-face interviews a critical piece of the hiring process. When the candidate comes in for an interview, pay attention to how the individual performs.

A good candidate will perform and speak well, leave a good impression on you and the team. Depending on whether you conduct interviews individually or in groups, you should evaluate the candidate on how well they performed both in the individual interview along with the group interview.

During the interview, perhaps ask the candidate what their values are and what company culture they see themselves working in, to make sure they fit with the business. When employees share the same values a company, they are more likely to be happy and succeed within that environment.

Here are some warning signs to watch out for during an interview:

• Not dressed appropriately and professionally – every ideal candidate must know how to dress appropriately for an interview
• Do not arrive on time (unless they have a specific emergency) – punctuality is very important in any business which is why candidates should plan accordingly and arrive on time
• Speak negatively about their previous employers and jobs – Not only is it unprofessional but it is a sign of negativity.
• Vague responses to questions – Candidates with the required skills and experience will speak confidently when responding to questions. If the candidate is very vague or fuzzy about their response, it means they aren’t confident about their answer.

The wrong hiring decision can be a costly mistake, both in time and money. It’s essential to do everything possible to avoid a bad hire. Create a great marketing strategy for your business and for the potential employees you wish to attract. Be very specific about the resumes you look at and make sure they include a cover letter and eliminate those who do not meet your requirements to save you time. To ensure you hire the right people, use the steps you learned in this article next time you have an open position.

Understanding Health Insurance can be tricky. We are here to explain health insurance in a simple, easy, and informative manner so you can understand your health insurance options.

There appears to be a multitude of millennials and individuals that had unexpected bills because of a problem with their medical insurance or their medical practitioner. This article will cover the basics of health insurance, as is relevant for most consumers.

Remember, your choices for healthcare are personal. The health insurance policy that's best for one individual may not be the best for someone else.

Health Insurance Guide Contents

• Health Insurance Vocabulary
• An Illustrative Example
• Negotiated Rates
• Fully-covered Services
• Types of Insurance Policies
• Comparing Insurance Policies
• Lowering the Cost of Healthcare
• Preparing for Medical Treatment
• Dental Insurance
• Afterword

Health Insurance Wiki

When reviewing at a health insurance policy, there are four numbers you really want to look at when you're comparing health insurance plans: The policy's premium, deductible, co-insurance, and out-of-pocket maximum.

The premium is the cost of the insurance coverage. It can be billed weekly, monthly, or however often the insurance company/your employer decides.

The deductible is the amount that you pay out-of-pocket for medical services each year before insurance starts paying anything.

Co-insurance is the percentage of medical costs that you pay after meeting the deductible.

A co-pay is a fixed amount that you pay for a service. You usually only pay co-pays for services not subject to the deductible.

The out-of-pocket maximum is the maximum you pay for medical expenses in the calendar year. Once the out-of-pocket maximum has been met, the insurance company will pay 100% of medical costs for the remainder of the year.

Health Insurance Example

Bob pays $500/month has an insurance policy with the following characteristics: A $2,000 deductible, 20% co-insurance, and an out-of-pocket max of $5,000.

In January, Bob got sick and had to visit the doctor. Because he hadn't yet met the deductible, Bob had to pay for $150 for the visit out of his own pocket.

Current Status:

Deductible: $150/$2,000

Out-of-pocket Maximum: $150/$5,000

In June, Bob had a heart attack and went to the emergency room. The bill for the hospitalization and the diagnostic exams came out to $2,850. From the bill of $2,850, Bob is required to pay $1,850 towards the deductible (he paid $150 for his earlier sick visit) and $200 (20% of the next $1,000) as co-insurance. Bob has now met his deductible and has paid $2,200 towards his out-of-pocket maximum. Bob's insurance company has paid $800 of Bob's medical expenses.

Current Status:

Deductible: $2,000/$2,000

Out-of-pocket Maximum: $2,200/$5,000

In August, Bob needed emergency surgery and spent a week recovering in the hospital. The bill for the surgeon and hospital stay is roughly $30,000. Because Bob met his deductible, he is only required to pay the 20% co-insurance of $6,000. But Bob already paid $2,200 towards his out-of-pocket maximum of $5,000. So Bob only needs to pay $2,800 to meet his out-of-pocket maximum, and the insurance company pays the remaining $27,200. Bob is not having a good year.

Current Status:

Deductible: $2,000/$2,000

Out-of-pocket Maximum: $5,000/$5,000

Disaster strikes again. In October, Bob breaks his leg and racks up another $10,000 in medical bills. Because Bob met his out-of-pocket maximum, he doesn't have to pay anything. Bob's health insurance pays the full $10,000.

Current Status:

Deductible: $2,000/$2,000

Out-of-pocket Maximum: $5,000/$5,000

Over the course of the year, Bob spent $6,000 for his health insurance and $5,000 on medical expenses for a total of $11,000. Bob's insurance company spent $38,000 ($800 + $27,200 + $10,000) on Bob's medical expenses. Bob's wallet is hurting, but at least he has something left in it.

Under the Affordable Care Act, medical insurance providers cannot put an annual or lifetime cap on how much they'll pay for expenses for essential health benefits. Essential health benefits include emergency services, hospitalization, maternity and newborn care, prescription drugs, and more.

Health Insurance Negotiated Rates

In the above example, having health insurance was financially an excellent move for Bob. For $11,000, he avoided paying $43,000 worth of medical bills. But most people don't have medical bills that exceed their out-of-pocket maximum. For those individuals, health insurance provides a secondary benefit called “negotiated rates”.

When you visit a medical practitioner or hospital, they can bill any amount they want (although some are limited by local laws). For some practitioners, the insurance company negotiates how much they'll pay them for that service. For example, a doctor may charge $200 for a sick visit. But the insurance company negotiates that they'll only pay $75 for a sick visit. The $200 bill sent by the doctor to the insurance company is called the pre-negotiated rate. The $75 bill in this instance is called the negotiated rate. An insured patient at an in-network practice will not need to pay more than the negotiated rate.

The medical practices that have a negotiated rate with your insurance company are considered to be in-network. The medical practitioners that did not agree to the discounted rates are considered to be out-of-network. An out-of-network medical provider can charge you the pre-negotiated rate. Taking the above example, the insurance company may only pay $75 for a $200 out-of-network sick visit, leaving the patient responsible for the $125 balance.

Additionally, insurance companies also may have different deductibles, co-insurance, and out-of-pocket maximums for in-network vs out-of-network visits. For example, the deductible may be $3,000 for in-network visits and $4,000 for out-of-network visits. It is usually most efficient financially to only use in-network providers.

Health Insurance Fully-Covered Services

All ACA-compliant insurance policies fully cover well visits and preventative care at in-network providers. These include medical care like immunizations and checkups. That means that someone going for a regular check up does not have to pay anything for the visit, independent of whether or not the deductible was met.

For example, Alice has a health insurance policy with a $1,000 deductible. Alice is healthy and wants to stay that way, so she schedules a flu shot at her doctor's office. Even though it's January and Alice hasn't paid anything towards her deductible, her insurance policy completely covers the flu shot and Alice does not have to pay any part of the cost.

Types of Insurance Policies

• HMO (Health Maintenance Organization): HMO insurance plans generally have cheaper premiums than the other types of plans. The drawback is that they are also usually the most restrictive when it comes to selecting health care providers. Most HMO insurance plans also require a referral from your primary care physician (PCP) to see a specialist.
• EPO (Exclusive Provider Organization): EPO insurance plans, like HMO, usually will only cover non-emergency medical costs from providers that are in-network. Referrals are not usually required in order to see specialists.
• POS (Point of Service): POS insurance plans will usually cover medical costs both in- and out-of-network, though you will typically pay less at in-network providers. Referrals from a primary care provider may be required to see specialists.
• PPO (Preferred Provider Organization): PPO insurance plans, like POS, cover medical costs both in- and out-of-network, with cheaper costs when staying in-network. A referral is usually not required to see specialists.

HMO and PPO plans are the most common. Most health insurance plans can be compared by looking at the participating (in-network) providers, whether a referral from your physician is needed to see a specialist, the deductible and/or co-pays, and the out-of-pocket maximum.

Most of these options can be improved at the expense of increasing the premium. With all else being equal, a plan with a lower deductible will have a higher premium. Similarly, a plan with a lower out-of-pocket maximum or a larger provider network may also have a higher premium.

Comparing Insurance Policies

When considering insurance policies, you’ll want to verify that your doctors are all in-network and that you’ll be able to easily visit an in-network practice in the event of an emergency. If you can’t use your health insurance to lower your medical bills, it doesn’t make a difference how low the premium is.

When comparing healthcare policies, I’ve found it worth examining the minimum, expected, and maximum cost for each policy. The minimum cost would be for the premiums and any regular prescriptions and medical visits necessary. The maximum cost would be the sum of the premiums and out-of-pocket maximums. The expected cost would be the average amount you expect to spend on healthcare over a year, including the premiums and the cost of several sick visits.

The expected cost of an insurance policy can be affected by many factors. The larger your family, the more sick visits you'll likely have during the year. The expected illnesses and complications for a 25-year old are very different than those of over 65-years old that need life insurance. Another factor to consider is that if a family member has a chronic condition, your calculation for the expected cost could be very different. Likewise, if you (or your wife) is pregnant and has been having minor complications, you can expect that you'll have many more doctor's visits than normal, and you'll need to evaluate the chance of the baby spending time in the NICU.

The expected cost of your health expenses is where health insurance becomes extremely personal.

Lowering the Cost of Healthcare

Healthcare expenses can be quite high, with deductibles of several thousand dollars and out-of-pocket maximums over ten thousand dollars. Luckily, the IRS allows people to sometimes lower the actual cost of healthcare expenses by paying for them pre-tax.

Some employers grant access to a Healthcare Flexible Spending Account (HCFSA, sometimes called FSA), where money is taken out of the employee’s paycheck pre-tax. Then, as the healthcare expenses are incurred, the employee submits the receipts to the HCFSA program, which then reimburses the expenses from the pre-tax allotment. Some HCFSA programs also supply a debit card which can be used to pay for eligible expenses.

One of the biggest issues with HCFSAs is that the money allocated for them is “use-it or lose it”, meaning that only expenses incurred during the calendar year can be reimbursed from the HCFSAs. Any money left in HCFSA cannot be used in the following calendar year. While some companies allow carrying over up to $500, you’ll need to check your companies exact policy to determine what amount, if any, can be carried over to the following year.

For example, Joe allocated $2,000 for his HCFSA. Over the course of the year, Joe incurred $1,000 of medical expenses. Joe’s company’s HCFSA does not allow carrying over any funds in his HCFSA, so Joe loses the remaining $1,000 in the HCFSA.

Another option available is called a Health Savings Account (HSA). If someone has an insurance policy classified as a High-Deductible Health Plan (HDHP), they are allowed to open and fund an HSA. An HSA can be funded with pre-tax dollars, and unlike an FSA account, the balance is not forfeited at the end of the year. Any money left in the HSA at age 65 can be withdrawn without penalty, similar to a traditional 401(k).

Preparing for Medical Treatment

There are many stories of people being shocked with a bill for thousands of dollars. Below are the steps you can take to avoid owing (potentially) thousands of dollars.

1. Choose an in-network practitioner. Verify that they’re in-network by calling your insurance company or checking your insurance company’s online directory. Many people have been told by a secretary that the practice is in-network and then learned otherwise. If you go out-of-network, you’ll likely have to pay the full charge for the service and will likely need to submit the bill to the insurance company yourself for reimbursement.
2. If a referral or preauthorization is needed, make sure the paperwork is squared away. You may receive an EOB for the upcoming procedures. If you don’t receive an EOB, call your insurance company to verify that all necessary paperwork went through.
3. After each visit, you should receive an explanation of benefits (EOB) with an itemized list of what the doctor billed for. If there is an unexpected or fraudulent item, contact the doctor’s office to clarify why that line is included on your bill. Health providers are required to provide an itemized bill. If the charge is fraudulent, contact your insurance company.
4. If you go to an out-of-network practice, keep a copy of the statement from the doctor’s office, in case you need to submit the claim to your insurance company yourself. Even if the secretary says they’ll submit the claim to your insurance for you, they may not – and you’ll be the one who has to foot the bill.
5. Once you determine how much is owed from a medical visit, submit the expense to your HCFSA for reimbursement.

Dental Insurance

Dental insurance operates similarly to health insurance, with similar plan types, provider networks, deductibles, and co-pays. However, dental insurance policies can have an annual or lifetime maximum for services, as they are not legally required to offer unlimited benefits.

Afterword

I hope you found it educational and understandable. If I omitted any important details, or worse, made a mistake, please let me and the other readers know!

So, you want to be a freelance writer?

Freelance writing provides an opportunity to get paid for writing and generate an unlimited amount of income, with the perks of working from home and a flexible work schedule. However, it requires discipline, business skills and a degree of self-promotion.

Characteristics of a Successful Freelance Writer

There are a number of factors that differentiate superior writers from those that abandon the field after a few attempts. Here are some of the qualities of a skilled freelancer:

Writing Ability. It may seem obvious, but a fledgling freelance writer should possess a basic knowledge of sentence construction, grammar, punctuation, and spelling. Before you bill yourself as a writer, spend some time in perfecting your skills. In addition to being able to write well, you should know how to conduct research on any given topic. Fortunately, the Internet is an abundant resource for information on all types of subject matter.

If you feel you need help in cultivating or refining your writing skills, there are many exercises and workshops and online learning courses on the Internet. Your local community college may also offer classes specifically for freelance writers.

Discipline. As a freelance professional, you must be a self-starter on many levels. You must be able to establish your goals and outline how to meet them. Analyze your schedule and determine how much time you can devote to your work each day.

Professionalism. The best freelance writers establish and develop strong relationships with their clients. From your first assignment with a given customer, you need to display a professional demeanor as well as willingness to hone your content until it meets the client’s approval.

Marketing Skills
If you intend to make money from writing, you must publicize yourself. Write a resume that focuses on your writing activities. Create a portfolio of your writing samples. Start a website or a blog. Print business cards that identify you as a writer. Join online writing communities to make contacts.

Potential Income

With the ever-increasing amount of content on the Internet, there are countless opportunities for competent freelance writers. Your ability to generate income depends upon the quality and quantity of your output. Some freelancers earn more than $100,000 annually, but this is not typical. It takes time to build a business, and most freelance writers earn less than $10,000 in their first year.

Job Sources

The Internet abounds with companies that provide writing assignments or encourage you to submit your own content. Depending upon the payment structure, you will be compensated on a per-article basis, or perhaps on the number of people that read your content.

Contact your local newspaper to investigate freelance writing opportunities. A few well-written contributions may lead to ongoing work or salaried employment. National magazines tend to pay well, but competition is intense. Publications such as Writer’s Market provide a wealth of information on writing opportunities.

But what should you be writing about? And who will pay for you? Good questions. Give these sites a look:

• ListVerse
• Writers Weekly
• TopTenz
• Cracked
• Strong Whispers
• WOW! Women On Writing
• College Humour
• Scary Mommy

Avoiding Burnout

Writing demands the conflicting skills of creativity and self-discipline. It is easy to become frustrated, especially when facing a tight deadline. When this happens, step away from your assignment. Take a walk. Get some exercise. Research your subject on the Internet to learn how other writers have approached it. All of these steps might help you obtain a fresh perspective and deliver a polished product.

Good luck on becoming a successful freelance writer!

Cap? Check. Gown? Check. Diploma? Check. Plan for paying off your student loans? Wait, what?

Student loans are an especially intimidating source of debt. When you embarked on your collegiate journey, your student loans represented something that was coming “someday” –– something you just did not need to worry about in the present moment.

But suddenly, that day has arrived, and you might be totally panicking, and for good reason. This generation has more student loan debt than any other before it, with national student debt totaling roughly 1.3 trillion dollars. That amount is enough to strike fear into the hearts of even the bravest post-graduates.

Below, check out our tips for dealing with student debt. Think of it as Student Loans 101.

Student Loans 101

Here is a list of ways to pay off your student loans.

Create an Action Plan

The first step to dealing with your student loans is to gather all the information and formulate a plan. Figure out when you need to start paying off your loans –– typically six months after you have graduated. If you do not already know, find out exactly how much you owe. Interest can accrue on student loans even while you are in school, so it is likely that this amount is greater than you remember it being. Interest rates on student loans tend to be fairly high, so this number will also affect how much you need to pay each month to make a dent. Luckily, your loan payback homepage can help you calculate how much you need to pay monthly over a 30 year period.

When you gather all the loan information, use your monthly income and any savings to figure out what you can afford to pay each month. Be sure to factor in your guaranteed monthly expenses, like groceries, rent, and utilities. And while it may seem lofty, you should also set aside a chunk each month to go to savings. You might think saving is a stretch when there are loans to pay off, but your 30 year-old self will thank you when they start thinking about purchasing a home. It might be helpful to set some financial goals to keep you motivated on your money saving journey.

Once you have every dollar accounted for, make a budget. This budget will be the cornerstone of your financial future. The hardest part? Sticking to it.

Stick to Your Budget

There is nothing more important than sticking to your budget. Hopefully, you have set aside a little money to have fun every month, but try your hardest not to exceed that amount. Look for budget options when grocery shopping, and keep eating out to a minimum. Especially if you just started a new job, you will see that your new income will accrue much faster if you keep spending to a minimum every month. Ultimately, the rewards of being frugal will benefit you more than those tempting impulse purchases.

While you may feel like self-inflicted financial constraints make you boring and old, they will make you a lot more comfortable when you actually become boring and old down the road.

Make Extra Payments When Possible

If you get a big bonus at work or a generous Christmas cash gift from mom and dad, consider putting it towards your student loan debt. Remember, the lower the number in your debt account, the slower the interest accrues. Any large chunk you can put towards your loans will go a long way towards relieving debt-related stress.

Check All Your Options

The student loan crisis is worse than ever, with a rising number of college grads falling behind on repaying their loans.

More than 1 million Americans a year are defaulting on their federal student loans!

If you’re in this boat, it might be time to think about refinancing. Doing so can help you pay off your student loans faster and save money in the long run.

Remember, sometimes you can make extra money just by finding new ways to save.

A big one that many people fail to remember is that you can save around $300/month just by refinancing your student loan debt.

How to Refinance Student Loans

Interested in refinancing your student loans right now?

Below are the top 4 lenders (get estimated savings in under 2 minutes):

• SoFi (Rates as low as 2.58% — 7.25%)
• Earnest (Rates as low as 2.57% — 6.32%)
• Laurel Road (Rates as low as 2.80% — 6.38%)
• LendKey (Rates as low as 2.56% — 7.82%)

Hiring an employee? You come across the actual needs of your business when you start pitching to clients and work for them. You realize the need for the most fundamental resource which is manpower. Of all the necessities of your startup or even online business, employees are the most valuable assets.

Growth or expansion of your business follows the task of creating a niche spot for your company in the industry. This clearly defines that you have to handle the most prominent resource of the business with care.

As a first time employer, the task of managing versatile employees can be really tricky and overwhelming. There are bound to be speed-breakers on your business journey. But to make your task convenient, we have discussed below some of the essential things that every first-time employer must consider:

1. Register your company

It is important to register your organization with respect to government norms. Simultaneously, your employees need your contribution to validate their employment at your workplace.

As a responsible employer, it is your duty to provide them with all legal documents required to complete the process. Registration of the firm gives you certain rights and responsibilities.

Similarly, employee registration helps them to take advantage of certain government employee schemes.

2. Employment contract

Most startups do not prefer employee contracts since it gives employees the liberty to leave the organization as per their will. On the other hand, employers enjoy the leverage of discarding employees who become a liability for the firm.

Instead of a contract, you can ask employees to agree to the basic terms and conditions of the company. Make sure that you clearly describe the job profile, number of hours to be served every week, leaves, necessary details about notice period and dress code in the contract.

This way, you and your employees will have a clear idea about what is to be expected and the duties of the other party.

Some of the common details mentioned in employee contracts are as follows:

Part-time: Freelancers and part-time employees work only for a few hours. The contract must mention the net number of hours that they are expected to work for the organization.

Full time-Employees: They are willing to commit to a full-time job need to contribute the same number of hours per week until they are terminated or they resign from the firm.

Hourly contract: This is a contract which is signed when employees are paid on an hourly basis and based on the work assigned to them. The contract clearly mentions the tasks to be completed along with a specific deadline and the fees charged.

3. Training process

Every organization has a different working pattern which means that the employer has to train their new employees. Although you may hire an experienced employee, you will still need to provide some training for them to get them accustomed to your business process.

The new employees primarily need to understand the fundamental tasks and responsibilities of your business. They also have to adapt to the business policies and norms. A new employee may take some time to accept all these changes. As an employer, it is your duty to make the process convenient for them.

You can either carry out the training process yourself or you can ask one of your experienced employees to shoulder this responsibility. But make sure that your employee is well-versed with the business policies and goals.

You can also ask the employee to skimp through your website so that they have a basic understanding of your service/product. This can be possible only if you have an updated website with the good about us page which makes it easier for you to lure potential employees.

Moreover, a well-designed website and appropriate content ensure that your employees acquire sufficient information about your services.

4. Research

Before you shortlist an employee for an interview it is important to check their background. This additional research may consume some of your time and money, but it will help you to take a better decision regarding which employees are right for your company.

For instance, if an employee is planning to shift to a different city in the near future, you are less likely to retain them and hence there is no reason why you should hire them now.

Apart from this, you must also adopt a good hiring process so that you do not hire an unsuitable employee without any experience. It is important to have a broader vision while hiring new employees because they are the pillars of your organization.

Simultaneously, it is necessary to be on good terms with your existing clients. This way, they are less likely to leave your firm and it is easier to retain them. If you notice your employees experiencing any hurdle, take an initiative to suggest them a solution so that they get a different perspective and can surpass the situation.

5. Communication is a must

Communicating with new employees can be tricky due to their lack of understanding.

However, it is important to bridge this gap of understanding through communication. Offer them the liberty to talk to you, if at all they face problems at the workplace.

At the same time, you can also initiate a one-on-one meeting with them on a regular basis for the first few months. This will help new employees to get comfortable with the new work environment.

Additionally, you can drive them in the right direction if you notice that they are getting distracted due to their new surroundings.

Moreover, you can plan team building activities for all your employees so that they can trust each other better. These outdoor activities can motivate employees and also improve their work productivity.

It is a tedious process to search for capable new employees and train them. Instead, organizations must focus to retain their old employees as they are comparatively reliable and bring you the required results.

You can offer employees new and better opportunities so that they do not feel complacent. They get the right chance to develop their existing skills and develop new ones. With lucrative prospects in the future, employees are less likely to look for a change in their job.