Franchise Tips New York 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.

Ross H. Gould
104 W 40TH ST FL 20
NEW YORK, NY
Specialties
Franchising, Commercial, Business, Real Estate, Debt Collection
Education
Hofstra University School of Law,Emory University
State Licensing
New York

Terrence M. Dunn
104 W 40TH ST FL 20
NEW YORK, NY
Specialties
Franchising, Real Estate, Business, Corporate, Trusts
Education
Brown University,University of Denver
State Licensing
New York

Julianne Cowan Lusthaus
104 W 40TH ST FL 20
NEW YORK, NY
Specialties
Franchising, Business, Commercial
Education
Brooklyn Law School,American University
State Licensing
New York

David Wayne Oppenheim
(212) 755-3100
Kaufmann Gildin Et Al, 777 Third Ave Fl 24
New York, NY
Specialties
Business, Franchising, Mergers & Acquisitions
State Licensing
New York, Pennsylvania

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

Linden Edsel Thomas
104 W 40TH ST FL 20
NEW YORK, NY
Specialties
Franchising, Business, Commercial, Real Estate, Debt Collection
Education
Case Western Reserve University School of Law,Columbia University
State Licensing
New York

Jeffrey H. Epstein
(212) 790-9209
1133 Avenue Of The Americas Fl 35th
New York, NY
Specialties
Intellectual Property, Franchising, Litigation
State Licensing
New York

Susan Hammond Morton
(212) 755-3100
777 3rd Ave
New York, NY
Specialties
Estate Planning, Real Estate, Franchising
State Licensing
New York

Stephen Richard Foreht
228 E 45TH ST FL 17
NEW YORK, NY
Specialties
Corporate, Commercial, Mergers & Acquisitions, Financial Markets And Services, Franchising
Education
New York Law School,Arizona State University,Arizona State University
State Licensing
New York

Frederic Armand Rubinstein
(212) 808-7581
101 Park Ave
New York, NY
Specialties
Venture Capital, Franchising, Defective & Dangerous Products
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!



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