Graphics are useful tools to analyze business in general. The SWOT matrix, Porter’s Five Forces, and the BCG matrix are just a few examples of useful tools that have become part of business langua..
It sounds simple: Invest in the correct software, then make sure you capitalize on all it has to offer. But the statistics show most companies seldom do this. Most companies are making huge invest..
What is your plan to solve the unprecedented challenge of managing five generations in the world of work today? Five generations exist in the workplace in significant numbers, but not just in the ..
The time has come for you to add someone new to your team, and with that comes enormous pressure. You learned from past hiring experiences how difficult it is to find stellar people and you want t..
Sometimes in business and especially when dealing with Human Resources, the difference between the almost right word and the right word can mean a lawsuit or employment case. Something as small as..
In a recent publication by the Institute of Business Appraisers, Business Appraisal Practice: 2016 Second Quarter, there was discussion over the topic of Monte Carlo simulation and its application..
Click Here to Download This Whitepaper (/whitepaper/Risk is Not a 4 Letter Word - Hollingsworth.pdf)
Risk – noun \risk\: the possibility that something bad or unpleasant (such as a..
Let’s start by quickly reviewing the most significant changes that are upcoming from the Fair Labor Standards Act (FLSA) courtesy of the Department of Labor. What changes d..
A transition strategy, sometimes also referred to as an exit strategy, is an opportunity for owners to make certain that their business transitions in ways that best real..
The prospect of hiring new personnel can be overwhelming. It’s large investment with a substantial amount of risk. According to Mercer’s 2015 Turnover Survey, in 2014 the average involuntary..
Sir Francis Bacon once said, “Knowledge is power.” How does your company handle its knowledge about itself, that is, employee records? The answer to that question can indicate the effectiveness of..
Valuing a private business is a complex multi-stage process. Since private companies are not regulated by the Securities and Exchange Commission (“the SEC”) and are n..
One of the main differences between a public company and a private company is in the valuation. A public company has its stock defined by the market second by second, while private ..
In case you haven’t heard, on May 17, 2016, the U.S. Department of Labor (DOL) published colossal changes to the overtime rule that will make approximately over 4 million currently exempt emp..
If you aren’t promoting your benefits, you are missing an opportunity to hire who you really want and keep the employees you really need.
In a recent Society for Human Resource Management ..
An effective safety and health program need not be costly and can usually be integrated into your operation easily. It generally consists of five elements:
1. Periodic inspections
Everyone agrees it is tough to find quality people. We certainly want to keep the great people we have on staff. However, we are sometimes faced with the challenge of hiring or retaining people wh..
1. Put a “Family Tree”in the main entrance with all the employees’pictures on it
2. Take out a full page ad in the local paper each year to thank your employees. Be sure to list each employ..
Project management is as necessary to a systems project as the auditing function is to a publicly-held business. Projects need a person whose job it is to see the forest for trees: spotting potent..
The retirement of the baby boomer generation has long been a pending economic concern. It is now no longer pending— it’s here. Every month, more than a quarter-million Americans ..
As part of the leadership team, serving in a District Director role, for the Texas Chapters of SHRM (Society of Human Resource Management), I am fortunate enough to get the opportunity to visit so..
Leader: someone who guides or directs others
Team: a number of people organized to function cooperatively as a group
Sometime back I read a book or article describing how the knowledge wo..
A few years ago we changed our business model. We decided to introduce our Protection Pricing and no longer give proposals that include an estimated amount for services for several reasons.