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Creative Tips to Overcome Unexpected Rising Costs for Businesses

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And while your employees are your greatest asset, how your workforce is set up may be adding unnecessary costs to your operations and hindering your bottom line. One way to keep costs down is by teaming up with a staffing agency.

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HR Finance 101: A Guide To Finance for HR

AIHR

A debit is an entry that increases the value of an asset or expense in an account or decreases the value of equity or liability. A credit increases a liability or equity or decreases the value of an asset or expense in an account. The term asset refers to anything with current or future economic value owned by a company.

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Talent Acquisition vs. Recruitment: The Differences and HR’s Key Role

AIHR

Employees are the real assets of any organization. Talent acquisition anticipates the future workforce needs of a company, while recruitment fulfills instant staffing needs. Whether you are considering talent acquisition vs. recruitment, both are critical to the organization’s success.

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Key Human Resources (HR) Pillars: Your 101 Guide

AIHR

HR drives and provides oversight to these functions, which include: Workforce strategy : HR should drive a company’s workforce strategic plan , which includes assessing staffing needs, both in numbers and skills, maintaining competitive pay and benefits, supporting the performance management and career development process.

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Dos and Don’ts During a Hiring Freeze

Zenefits

Still, if mishandled, it can set back an organization’s future hiring needs well past the freeze and deflate morale by stretching employees’ workloads to make up for staffing shortages. Staffing shortages under any circumstance often create a heavier workload for current employees. Maintain liquidity.

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5 Things We Learned About the Future of Work From Heather McGowan at Thrive 2022

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According to the latest Staffing Industry Analysts Report , the demand for healthcare staffing has grown 85%, and according to the most recent Burning Glass Institute Report only one person is currently studying to be a nurse for every 10 positions in the field.

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Do You Have a Human Resources Strategy? Here’s Why You Need One

Zenefits

However, there are two mindsets that people use when considering employees: the cost mindset and the asset mindset. Many experts agree that employees, or our human resources, should be seen as an asset. We all know and accept this. That’s only half the equation for retaining employees and ensuring they thrive.