How and Who to Deal with Employee Absenteeism? What is employee absenteeism? Staff absenteeism is a frequent lack of attendance at work without valid cause. Absenteeism excludes emergency leave from work and the occasional uncontactable or delay in response. According to the Bureau of Labor Statistics, the absence rate for all full-time wage and salary workers is 3.2%. This means …

Want and Why Year Budgeting in Business Is Important? Most Business Owners generally start by jumping in to their business with their pumped up passion, optimism and excitement. It is normal that Many SME Business Owners to work with a rough business plan and it may lack both objectivity. Many may also treat their business like that their little baby …

What Role Does an Accountant Play in Business Operations? An accountant performs financial functions related to the collection, accuracy, recording, analysis and presentation of a business, organization or company’s financial operations. In a smaller business, an accountant’s role may consist of primarily financial data collection, entry and report generation. Middle to larger sized companies may utilize an accountant as an …

Why Should SME consider Outsourced Services in 2022? Rising Cost leading to High Inflation A report from DOSM indicates that 449 items out of 552 items prices went up in July 2022 this year. From the 552 items, 53 items has price increase of more than 10 per cent. Given the rising inflation in Malaysia, UOB Global Economic has raised …

How SME can deal with ‘Shortage’ in workforce, increase in ‘Minimum Salary’, ‘Flexible Working Arrangements’ and Reduced in Weekly ‘Minimum Working Hours’. With the recovery from the Pandemic, SMEs in Malaysia have been experiencing shortage in the workforce especially in foreign workers in the construction, plantation, manufacturing and food & beverage industries. This has resulted in higher cost of operations …

The Challenges in Employee Performance Management in the 21st Century 1. What is Employee Performance Management? Employee performance management (EPM) is both a science and art in management approach to retain and grow a high-performance culture within any companies and teams. Many business owners think that it a one size fits all and often they get disappointed. EPM’s primary objective …

Top 3 Things To Look For When Hiring An Employee 1. Grit The most important quality, grit represents a bundle of characteristics rather. It is the ability to move forward during adversity with a positive mindset while pushing forward even when things are going wrong. Every business and work have bumps along the road, as not every day is Friday …

Top 3 Qualities Of A Good Manager Where is your focus when you hire? What is the percentage of importance when you allocate to Attitude / Values/ Character Skills/ Work Experiences Knowledge (Industry and Job) Many focus on (2) and (3) and often put in 70 to 80%. You may heard of the 20/80 rule ie the top 20% determine …

Six Golden Questions that Business Owners Must Look Into To Get Investors/Funders for your Business Both year 2020 and 2021 have been and still is a testing time for many business owners. The Covid 19 Pandemic have affected many businesses in many different areas and many took a hit on both sales and cash flows. Many businesses have put in …

Having headache with employees who are always late? Depending on your business’s attendance policy, a consistently late employee can damage your business and reputation adversely. If you are looking to dismiss these consistently delinquent employees, there are a few important considerations and steps that must be taken. Some of these factors include the employees’ length of service with the company …