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A step-by-step guide to HR outsourcing

The Startup Magazine

Payroll management entails several steps, including: Calculating allowances (such as rent and travel expenses) and salary components (variable and net pay). To improve staff retention, you should periodically update both according to industry norms. This increases staff retention, but it also saves you from overpaying them.

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What Makes Employees Productive in a New Startup?

ReadWriteStart

After launching a new startup, you’ll be interested in growing the business as quickly as possible, thus generating more revenue, securing more stability, and improving your reputation as well. You’ll need to think about employee retention. But many of the strategies that boost employee productivity will also boost retention by proxy.

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How to Track and Improve Ecommerce Customer Acquisition Effectiveness

ConversionXL

By meeting buyers’ post-purchase needs , you’ll improve customer retention. Where marketing drives brand awareness, customer acquisition drives conversions and sales to generate revenue. Data-driven strategies focused on ROI over revenue win the customer acquisition game. Image source ). by posting about it on social media).

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10 Metrics To Drive Your Annual Business Review

Startup Professionals Musings

For starters, here is my selection of some key metrics that every six-sigma joint like GE tracks without thinking, but that too many small businesses haven’t yet formalized: Sales revenue. Customer loyalty and retention. For example, sales productivity is simply actual revenue divided by the number of sales people.

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Should Startups Focus on Profitability or Not?

Both Sides of the Table

If you hire 6 sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business for 4-6 months. They have have raised $2-3 million, built a product that has some amount of market traction and got to annualized revenues of around $1 million.

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How to Become a Fractional CMO

Duct Tape Marketing

Imagine wielding the power of a marketing wizard without having to afford their six-figure salary. Fractional CMOs typically bring their wealth of experience to guide marketing efforts, helping companies refine their brand messaging, identify ideal clients, improve client retention and more.

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[Singapore] Local ICT Industry Cite Manpower Cost As Key Challenge

YoungUpstarts

With the double constraints in place (higher salary and lower DRC) for foreign manpower and coupled with difficulty in finding local people to fill the jobs, due to incompetency of job knowledge and skills, business profitability was said to have taken a toll.

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