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How Online Training Can Help Even Seasoned Employees

YoungUpstarts

Employee training is usually associated with new hires. However, even the most seasoned employees can benefit from training. Many companies are seeing the value of training veteran employees and for good reasons. Companies can leverage this reality to train or retrain experienced employees. Refresh Old Concepts.

Employee 216
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Significance of Strategic Operations Management in the Electronics Industry

The Startup Magazine

The giants in electronic industries have updated themselves in almost every aspect, be it operations, supply chain, repair and maintenance, or consumer-based research and development. Strategic operations management in the electronic industry is not easy.

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How To Survive The Loss Of A Main Customer

YoungUpstarts

This is especially true for startups, which operate on the basis of customer traction to solidify expectations with investors or lending institutions. The loss of these major customers can have a dramatic impact on both internal (employees) and external contributors (investors). Assess both the short- and long-term financial impact.

Customer 347
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Should Startups Focus on Profitability or Not?

Both Sides of the Table

Operating Costs. million to fund operations in their first year of operations. In many Internet startups 80% of the operating costs will be people. After all, they doubled their operating costs when they weren’t even profitable. Should they have slowed down operating costs in order to “make a profit.”

Startup 418
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How To Keep Your Company Alive – Observe, Orient, Decide and Act

Steve Blank

Operating Numbers. This plan has three parts: Pivots to your new business model, changes to your operating plan, and what initiatives you save for the recovery. Days 3 and 4: Prepare new business model and operating plan. … Next, plot out the changes to your operating plan. Internal Assessment.

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6 Top Tools for Remote HR Management: Streamline Your Processes

The Startup Magazine

Approximately 56% of businesses globally presently provide remote working alternatives, with 16% operating entirely remotely. It handles a variety of functions such as employee onboarding, scheduling, leave management, and payroll operations automatically, ensuring they are completed effectively and without mistakes.

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5 Ways to Cut Costs with Business Analytics

The Startup Magazine

Voluntary turnover costs an average of $15,000 per employee , so keeping the employees you’ve got around longer is an effective means of cost reduction. Use anonymous annual employee surveys to track trends in employee dissatisfaction and make changes that are likely to increase loyalty and satisfaction.

Analytics 167