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Tips to Turn 2013 into a Productive & Profitable Year for Your Company

Posted on Jan 19, 2013

All companies, including small businesses and large corporations, want to be productive and profitable, and there’s no better time to start than the New Year. According to Forbes, there are several things all businesses should do to start off 2013 right, including:

  • Concentrate on employees. Many companies waste a lot of time and money trying to acquire talent instead of focusing on the retention of their top employees. By focusing on employee retention and employee satisfaction, businesses will save money and have low employee turnover. Plus, companies will have employees excited to work for them, which helps improve customer satisfaction and repeat business due to satisfied employees.
  • Pay for productivity. Instead of waiting to reward your top performer or productive employees until everyone in your company has had a review, pay for results. Reward employees based on specific performances. By rewarding those that are doing a great job, they will become even more productive, and those who are not productive may quit.
  • Trust your customers. When companies do not trust their employees or customers, and employees and customers get a bad taste in their mouths about your business, your company may suffer as a result.
  • Let go of those weighing down your company. If someone pops into your head, that person probably should have been let go a long time ago. Even if that person is near and dear to you, if he or she is bringing down a department, other employees, or your organization, then you need to do something about it.

If you need the help of an Austin business and commercial law firm, please call the Posey Law Firm at 888-269-1962.

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