Avoid the Death Spiral: Investing in Your Employees and Increasing the Bottom Line
Upon hiring its first employee, the business owner makes a crucial decision: whether or not to further invest in this employee through the reinvestment of a portion of net income. The result is either the Virtuous Cycle or the Death Cycle as shown in this month's Topic of the Month.
Designed to highlight the relationship between investment in employees and growing the company’s profitability, this paper discusses how companies can invest in their employees, determine the fully-loaded costs of their employees, and key indicators to determine if the investment is increasing the company’s bottom line.
Click here to read and print the entire article in PDF.
Click here to watch the webinar "Investing in Your Greatest Asset: Your Employees" featuring Managing Director Jerome Condon and Human Resource Specialists Suannette Velez of Paychex and Beverly Williams of Insperity. Together they discussed their experiences working with small business owners and what you can do to get the greatest return from investing in your employees.
Suannette Velez, Paychex
Suannette has over 12 years Human Resources experience.
PHR Certified since 2009, she currently services Paychex as a strategic HR Partner for over 70 small to mid-sized business throughout New York City. Suannette's specialty is in benefits management and employee relations.
Beverly Williams, Insperity
Beverly Williams has a Bachelor’s Degree in Organizational Management and a Master’s Degree in Organizational Leadership. Over the course of 15 years as a Human Resources Professional, Beverly has worked in retail, healthcare, corporate, profit and non-profit businesses. In addition, Beverly is an Adjunct Faculty member at Nyack College in the Organizational Management Distance Learning Program.
In September of 2006, Beverly joined Insperity as a Human Resources Specialist. In this role, she provide clients of small to medium size businesses with best HR practices in the areas of company infrastructure, compensation, employee relations, and performance and liability management.
