Creating pricing strategy for new product? Consider these pricing approaches: One of the most difficult problems both small to large size businesses encounter when launching a new product is setting an appropriate price for it, where consumers can feel comfortable buying it. Getting the price can either make or break your product, it’s a … Read more
What Are Human Resource Metrics? Human Resource metrics, also known as HR metrics are certain measurements that are employed to assess and determine the value and effectiveness of human resource initiatives. HR metrics are used to measure efficiency and indicate areas where improvements or adjustments should be made they are also vital in … Read more
The business analytics emphasizes on formulating new ideas and opinion of business operation using statistics and data methods that can be used to make business decisions and optimize business processes. It has to do with the technologies, practices and skills used for uninterrupted continuous investigation of past performance of businesses to drive business planning and … Read more
Human Resource Planning Process Human resource planning is the process by which organizations determine the staff support they will require to meet their business operation needs and the demands of their customers. The most common factors that impact this planning include among others impending retirements and transitions, the availability of employees with certain sets of … Read more
Financial Statements Vertical Analysis Financial statement analysis is the examination and analyses of a company’s financial statements and documents as a guide in making better economic decisions. Financial statements include balance sheet, statement of cash flow, statement of changes in equity, income statement and balance sheet; and they are analyzed through a process using different … Read more
Top Customer Satisfaction Survey Sample Questions All companies want to know that their customers are happy. They have those surveys on the back of their receipts that they give you incentives to fill out. Well, as a business, we all want to know what are customers think, and what questions we should ask them to … Read more
Simple way to measure and track labor productivity in your company with examples: Business managers and analysts frequently talk about the business performance with regard to productivity. The actual labor productivity metric measures the quantity of output the company gets out of each and every unit of labor that the employees put in their particular … Read more