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.

Richard Lewis Rosen
(212) 644-6644
110 E 59th St Fl 23
New York, NY
Specialties
Franchising, Business, Real Estate
Education
New York Law School,Cornell University
State Licensing
New York

John Frank Wilk
(212) 841-0734
666 5th Ave
New York, NY
Specialties
Intellectual Property, Entertainment, Franchising
State Licensing
New York

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

Kevin Michael Shelley
777 Third Ave. 24th Fl.
New York, NY
Specialties
Commercial, Franchising
Education
Villanova University School of Law,University of Notre Dame
State Licensing
Connecticut, New York

Alan Scott Gaynor
(212) 915-5595
200 PARK AVE
NEW YORK, NY
Specialties
Mergers & Acquisitions, Securities Offerings, Corporate, Franchising
Education
Boston College Law School,State University of New York, Binghamton
State Licensing
New York

Renee F. Bergmann
(212) 940-3726
437 Madison Ave
New York, NY
Specialties
Franchising, Business, Construction, Litigation, Lawsuits & Disputes
Education
Rutgers, Camden School of Law,Thomas Edison State College
State Licensing
New Jersey, New York, Pennsylvania

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

Barry Harris Fishkin
(212) 841-0545
666 5TH AVE
NEW YORK, NY
Specialties
Corporate, Intellectual Property, Licensing, Franchising, International Law
Education
New York University School of Law,New York University School of Law,Rensselaer Polytechnic Institute
State Licensing
New York

David J. Kaufmann
(212) 755-3100
777 3rd Ave Fl 24th
New York, NY
Specialties
Franchising, Real Estate, Estate Planning
State Licensing
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!



Provided by ZingArticles.com