Franchise Tips Long Island City NY

Becoming a franchise owner can bring you great rewards as well as great responsibilities. Becoming a “boss” can bring you many great benefits for yourself, however you will have all the duties a boss carries. For example you will have to keep the customers happy, produce quality products or services, manage your time, create schedules for employees, manage the books, and you will also be responsible for hiring and firing staff. In this article you will find what you should know about how to reduce employee turnovers.

David W Oppenheim
(212) 755-3100
777 Third Avenue, 24th Floor
New York, NY
Specialties
Business, Franchising, Mergers & Acquisitions
State Licensing
New Jersey

Albert Barry Cooper
(212) 249-4435
20 E 74th St Ste 14c
New York, NY
Specialties
Intellectual Property, Franchising, Litigation
State Licensing
New York

Denise Seldman Benun
444 MADISON AVE
NEW YORK, NY
Specialties
Intellectual Property, Franchising, Securities Offerings, Business
Education
Brandeis University,Columbia University,New York University
State Licensing
New York

Edward Duffy
805 3RD AVE
NEW YORK, NY
Specialties
Corporate, Franchising, Investment Fraud, Real Estate
Education
Fordham University School of Law,Fordham University,Fordham University
State Licensing
New York

David Thomas Azrin
212-935-3131 ext. 311
845 3RD AVE
NEW YORK, NY
Specialties
Intellectual Property, Franchising, Employment, Lawsuits & Disputes, Contracts
Education
University of Michigan Law School,Stanford University
State Licensing
Florida, New Jersey, New York

Rafael A. Ginebra
825 3RD AVE
NEW YORK, NY
Specialties
Mergers & Acquisitions, Venture Capital, Contracts, Franchising, Licensing
Education
Columbia University,Fordham University
State Licensing
New York

Landey Strongin
(212) 759-3300
525 E 68TH ST
NEW YORK, NY
Specialties
Corporate, Securities Offerings, Franchising
Education
Columbia University School of Law,Columbia College (Columbia, SC)
State Licensing
New York

Kathryn C. Ellsworth
(212) 755-3590
70 E 55th St
New York, NY
Specialties
Commercial, Insurance, Franchising, Litigation, Arbitration
Education
Virginia Polytechnic Institute and State University,Rutgers University School of Law
State Licensing
New York

David Mitchell Zensky
(212) 872-1075
590 Madison Avenue
New York, NY
Specialties
Litigation, Commercial, Partnership, Franchising, Licensing
Education
Harvard University Law School,State University of New York, Binghamton
State Licensing
New York

Nicholas John Bergman
10 E 40TH ST RM 2110
NEW YORK, NY
Specialties
Antitrust, Administrative Law, Business, Franchising
Education
Kenyon College,Western Reserve University
State Licensing
California, New York

Franchise Tips

Becoming a franchise owner can bring you great rewards as well as great responsibilities. Becoming a “boss” can bring you many great benefits for yourself, however you will have all the duties a boss carries. For example you will have to keep the customers happy, produce quality products or services, manage your time, create schedules for employees, manage the books, and you will also be responsible for hiring and firing staff. This is sometime a challenge for franchise owners. Getting and keeping good qualities is hard to manage. Many find that reducing employee turnover can be one of their biggest challenges.

Employee turnover is the ratio of the number of workers that had to be replaced in a given time period to the average number of workers. Basically how many people are coming and going as employees. Some business have what is known as a high turnover rate, which means that have a shorter tenure than those of other companies in that same industry. Having to replace costs you as a business owner time and money.

First of all it costs money to hire employees. You most likely have to pay for their drug test, and other processing fees. You will also spend time and money training them. If you have a trainer, you are paying double the money to train that person as you will pay the trainer and the trainee. You may also lose money if you are understaffed due to not being well staffed.

You will also be losing time since you will have wasted time training them. But keep in mind that it also takes time from your schedule to find and hire new employees. This can be the bigger issue, especially if you lose a qualified and well seasoned employee. You may be concentrating your time to finding new staff and neglecting other responsibilities.

So, here are a few ways to reduce employee turnover:

First start by clearing addressing compensation and benefits from the beginning of the hiring process. This is two main reasons an employee will leave. They need to know what they are making and what they receive by working at your franchise.

Next, provide a training program for all employees. Keep your employees informed. Also if they know what they are doing they will for more comfortable therefore will most likely stay longer.

Provide a clear path for advance. Another primary reason that employees leave is because they feel that they have no room to grow or aren't going anywhere with your franchise. If employees know they can grow and advance they will not feel the need to find a new job.

Provide a good work environment. If your employees are uncomfortable they will not want to stay. They will see that there are other and better options available if you do not provide them with good working conditions and environment.

One main way to avoid employee turnover is to hire the right people from the start. Know what you want and what you don't want for your franchise. Take the time to interview each applicant and get a good feel for them. As a previous trainer for a large company, I could tell within a few minutes if someone was going to work out, and I also knew exactly which managers were conducting interviews.

So, keep your franchise running great by hiring the right people from the start and avoiding high turnover rates!

For more information on an automotive franchise with BumperDoc visit http://www.automotivereconditioningfranchise.com/ to start your path to business ownership!



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