Business

Why You Need an Employee Recognition Program

The most successful companies in the world know that recognition is the key to retaining their top talent. Recognition is more than simply giving an employee a pat on the back for doing good work. It's about ensuring that they feel valued in their day-to-day work, and can see how they're making an impact on your company. This helps them become more invested in their job, which will ultimately lead to them working harder and being more productive. Here is how you can use employee recognition programs to improve employee engagement at your company.  The importance of employee recognition Recognition is probably one of the most underrated human resources activities that you can use at your company. It can make a huge difference to your employees' lives and the overall well-being of your b

Read More
Business

Why You Should Care About Revenue Run Rate

Revenue run rate is often used as a metric for evaluating private companies. This calculation represents the number of times the company's annual revenue would need to change to break even, assuming that it had no capital expenditures, depreciation, or amortization of assets. Why should you care about the revenue run rate? Well for one, it will tell you if your business can sustain its current growth rate. What's more, understanding how it works may help you decide whether or not investing in a company is worth it. With that in mind, here is why understanding how revenue run rate works is important. Why does the revenue run rate matter? In today's age of technology, it's more important than ever for business owners to know how fast their business can grow and become more profitable. F

Read More