New in Stock - Preliminary Exam Business Report Samples (Band 6 Exemplar)
Employees are of great value to a firm; especially to a firm that is just being established. Typically, employees are the face of a business (People) and must be recruited very carefully to ensure that the new business builds a strong reputation.
Employees should be monitored for performance and provided with training opportunities to ensure personal growth, productivity and loyalty to the business is achieved. Staff that excel should be granted opportunities to take on more responsibility and offered rewards to retain their skill and expertise.
Businesses that fail typically do not hire employees well, experience high rates of turnover (employees leaving quickly), do not offer training opportunities and do not respect their employees’ desire for meaning and personal growth.
Management / leadership styles also have a great impact on employee morale and culture.