Small businesses generate slightly over half of the nonfarm private gross domestic product in North America, according to an industry report.
The United States is home to more than 26 million small businesses, accounting for $9 trillion in revenues and over $2 trillion in assets. A new report from Packaged Facts, Financial Services for Small Businesses in the U.S., indicates that small businesses can produce up to $350 billion in financial service and product revenues annually, including almost $200 billion in banking and $137 billion in insurance premiums.
The opportunities for financial services providers are many, as small business banking customers tend to carry account balances 25 times greater than the average, according to Package Facts.Read More at Industry Articles >>
Stress in an inherent part of any job from service workers to CEO’s of Fortune 500 companies. The way workers deal with stress, however, can increase their productivity and creativity, decrease physical symptoms, and help foster a healthier stand of mind.
Maintain perspective. Jobs are disposable, your friends, family, and health are not.
Change the situation. If you’re overwhelmed by the workload or the responsibility, talk to your employer about changing the job requirements to suit your needs.
Take a break. Go for a short walk, sit quietly, or read for a few minutes.
Organize your workspace and keep a list of priorities, checking them off as you complete tasks.Read more at Career Corner >>
Management teams are beginning to restructure compensation packages in order to entice top candidates for positions that may appear as high risk during this economic downturn. Management is utilizing extra amenities catered towards employee retention incentives now that employee stocks in the company are no longer that enticing to the prospective candidate. Prospering companies are looking to retain their top employees who may be burdened with extra responsibilities due to lay offs, or to allure prospective employees looking for a secure job in unstable circumstances. Top employees who are the most valuable for the company may be feeling inadequately compensated if the majority of their compensation is invested in the company stock options. Businesses are being forced to reevaluate their regulations and management procedures in order to retain their top talent and stay competitive in compensation packages amidst the current economic situation.
In the past, compensation packages for potential employees have included stock options in the company, but presently with declining stocks values, employees may feel their work is unequally compensated. HR officials are rapidly looking to find new ways to offer fair compensation structures to valued employees as well as new compensation incentives for new hires. When salaries are heavily based in stocks, an executive’s wealth is at the hands of the stock market. A portion of business professionals are dedicated to the idea that executive’s must be able to adjust to the ebb and flow of the stock market. Knowledge of the cyclical nature of the stock market is part of accepting stocks as part of compensation, and thus these individuals see no reason to change compensation packages. With most impacting decisions in life, there is a risk and benefit associated with the outcome. Adding stock options to the compensation packages of executives, not only increases their pay, but also increases their personal investment in the company. Employees that have personal interest in the company’s success are known to value their performance and work quality at a higher level than employees who are not as personally tied to the company. However, the monetary values of stock options are no longer viewed as a positive asset in compensation plans.
Read more at Management Matters >>
Executive Search Firm Reaction Search International has placed Jeffrey Grayson as Intrawests CIO. The search was conducted by Robert Boroff, a Managing Director at Reaction Search International.Read More RSI Press Releases >>
The RSI Case Studies Section of the News Center was created to keep documentation on the Successful Search Solutions RSI has uniquely provided to it's Clientele.
RSI Case Studies are a record of the extraordinary Search & Recruiting Methodologies that time and time again yield a high R.O.I. for Employers & present high performance Career Opportunities for Candidates.
Our client-- A U.S.-Based Personal Wealth Management Provider-- had a need for an Inside Sales Manager who was qualified and successful in mentoring business development professionals with entrepreneurial acumen, and strong presentation skills.Finance Practice Search & Recruiting Case Study >>
Our client--a rapidly growing international Medical Monitoring manufacturer -- had a need for a Sales Recruitment effort for a qualified and successful International Regional Sales Executive who could speak a foreign language. This person needed to have contacts within medical facilities on an international basis and a sales track record to prove it. They also had to have previous technical knowledge of their products.Medical Device Practice Search & Recruiting Case Study >>