One of the best ways of predicting your staffing needs going forward is to analyze your company's history of employee turnover rates. You'll then be in a position to forecast your likely recruitment ...

The process of recruiting, hiring and onboarding talent for your business is a time-consuming and expensive process. According to the Society of Human Resource Management (SHRM), the average cost to ...

Do you know what it costs when you make a bad hire? Do you know what it costs if one of your star employees leaves you to work for a competitor? If not you need to compute your Cost of Employee ...

A company's inventory can consist of the raw materials needed to create finished products, the actual finished products, components like overhead and labor, and more incidental items like office ...

WASHINGTON -- Food Marketing Institute here said it has introduced a new educational program on measuring store turnover by position and department to achieve maximum productivity and customer loyalty ...

I was in a client facility working on a plan for a new fulfillment center. As we were discussing the outbound shipping history and its projected growth, we noted it was erratic. The senior director ...

Businesses are always eager to know if they are profitable. To stay on top of profitability, they will assess ways to improve efficiency, reduce costs, incentivize employees and optimize operations to ...

The number of times a business sells and replaces its stock over a given time period is its inventory turnover ratio. The inventory turnover ratio, also sometimes called stock turns or inventory turns ...