When the Bank of America conducted its 2015 Spring Small Business Owner Report, one of the things it looked at was how small businesses found ways to reward their employees. This infographic goes through the most popular methods so you can see how you stack up to other small business owners in the country. You […]
A colleague used to work for a major corporation where the two founders – who started the company in their garage – were still at the helm. In the early days they gave all their employees Thanksgiving turkeys. They continued the tradition even when they employed several thousand people. It was seen as a pleasant […]
Hillary Clinton said “It takes a village to raise a child.” To raise a small business, it takes a strong, loyal team. One of the biggest assets any small company can have, is a talented group of people who believe in the company’s vision and who are committed to helping it succeed.
As small businesses have struggled to survive during the recession, it has been difficult to reward employees with raises and/or bonuses. In fact, many small firms found it necessary to cut employee salaries, perks and benefits in order to survive financially. As we approach the end of 2010, the picture doesn’t appear to be appear to be getting any better. Only a small percentage of small businesses say they’ll be offering salary increases this year. And those who do, plan for the increases to be very small.