Category: Hiring

The beginning of a new year is the perfect time for entrepreneurs to reevaluate their business strategies for the year and to tweak solutions to maximize profits and opportunities. There are a laundry list of things to do, but putting these at the top of your list can give you a great start to a productive new year. Executive Director of the Center for Urban Entrepreneurship and Economic Development Lyneir Richardson lays out this to-do list for us.

1. 100-Day Plan.

The 100-day plan has become a tradition for newly elected American Presidents. The plan consists of achievable short term goals that adhere to a President’s long term vision for the country. Entrepreneurs should write their own 100 day plans as blueprints for advancing their organization’s productivity and profitability. Such a plan establishes 100 tasks, and requires business owners to consider the specific steps and resources that are needed to bring them to fruition. While there’s a time and place for visionary long term planning, the 100-day plan allows entrepreneurs to craft and pursue attainable objectives and start the year off with a burst of energy. When the 100-day finish line is reached mid-April, entrepreneurs will know if they should be celebrating or if they need to recalibrate their efforts.

2. Declutter
Whether you want to improve the feng shui of your office or just make it easier to find and store your stuff, a comprehensive tidy up of your company’s work space is a laborious yet necessary task. To make it happen, set aside a Saturday when your team can come in, rent a dumpster and high capacity paper shredder, and destroy unnecessary documents, presentations and files, and toss out old equipment, brochures, books, product samples, and other unproductive items. Once your space has been tightened and tidied, implement a cloud-based backup system that allows for fast and convenient recovery of your organization’s electronic files. The decluttering will not only allow your team to operate more efficiently, it will also help your office to look more streamlined and professional.

3. Fire the person you know you have to fire.

Maybe you’ve tried to intervene to help turn things around, or you’ve ignored the problem in hopes that it would eventually take care of itself. But however you’ve handled the challenge of having weak members on your team, you know that they’re there and that they’re dangerous the to the health of your company. If you didn’t have the heart to do any purging during the holiday season, delay no longer. The costs to your firm in reduced productivity, low employee morale, additional supervision, damaged client relationships, and lost revenue that are caused by substandard employees can be as high as $190,000 per year, so make a decision now to either remedy a situation that’s fixable — or to clean house.

4. Get high or higher.
While 26 states and the District of Columbia have laws legalizing marijuana, the suggestion here isn’t that entrepreneurs should light up more. Instead, the first week of the new year is a perfect time to review and possibly raise the prices of your products or services. Too many small business owners try to compete by lowering their prices, and that’s often a mistake. Instead, devise a plan by studying your competitive landscape; looking at your firm’s pricing history; reviewing the calendar to determine the best time to bump up your rate, fees, or prices; and thinking about how you can enhance the value of your offerings in order to justify price revisions. If you detect some white space that would allow for small yet profitable increases, you should absolutely seize it.

After the joy and frenzy of the holidays, it’s understandable if it takes a minute for business owners to snap back to attention and keep their ships moving forward, but the upside to getting started is significant. Entrepreneurs who have the discipline to leverage these four steps as an annual early January organizational “reboot” will help to energize their teams, inspire exciting ideas, and generate new opportunities for innovation and growth.

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Are you ready to compete?

The largest number of job seekers looking for opportunities outside their home country search for jobs in the United States, according to data from Indeed, the world’s largest job search site.

Overall, almost one-third (29.6 percent) of international job seekers using the Indeed site between April and August sought jobs in the U.S., more than double the total of second-place United Kingdom (12.7 percent), and triple that of third-place Canada (9.5 percent).

“U.S. recruiters who can hire from overseas are definitely in a good position when compared to other countries,” said Indeed economist Daniel Culbertson. “Of course, countries have different rules and restrictions around hiring noncitizens. But if talent acquisition teams in the U.S. are open and able to hire from overseas, they may often have a leg up on other countries in finding the talent they need and then enticing them to make what can be a life-changing move.”

U.S.-based employment ranked as the first choice for job seekers in 31 out of 49 countries with mature Indeed markets. Indeed is in 63 countries overall. A total of 200 million unique visitors look for work on Indeed each month, according to the company, and an average of 4.5 percent of job searches conducted during the surveyed period were for outside the job seeker’s country.

After Canada, there was a steep drop-off in the amount of interest any country received from global job seekers. No country below third place attracted more than 5 percent of all global job searches, although Switzerland (4.5 percent) came closest, followed by fifth place Germany (4.16 percent). After the Netherlands in 12th place, no country attracted more than 2 percent of global job searches.

Venezuela—in the throes of an economic crisis—attracted the least interest from foreign job seekers out of the 49 countries studied (0.04 percent).

The majority of cross-border searches for U.S. jobs originated in nearby Canada, a finding reciprocated by job seekers based in the U.S. looking for work abroad, who were most likely to search for positions in Canada.

“It’s important to note, however, that overseas job hunters are competing with a lot of local U.S. job seekers,” Culbertson said. In general, U.S.-based job seekers prefer to search within the country’s borders, with only 1.4 percent looking for work in other countries. “Only Japan has fewer people looking outside its borders for work, with the U.S. and Russia following closely behind.”

The field that attracts the greatest interest from international job seekers searching for jobs in the U.S. is the technology industry.

In fact, 8.3 percent of all searches for “Java” in the U.S. originate overseas, while “network engineer” is searched by 7.3 percent of foreign job seekers. Searches for “quality assurance analyst” (5.4 percent) and “quality assurance tester” (5.3 percent) also ranked highly.

By Roy Maurer

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