How Happy are Your Employees? Keep Costs Low and Invest in Team Building

As a business owner, it would come as no surprise that you love your business. But do your employees feel as passionate as you do? A recent study shows that 80% of employees are dissatisfied with their jobs in some way. Business Registration Hong Kong has taken the key findings of the study for you to learn from and build your business with.

Replacing employees is hassle-- and it’s expensive! Finding a replacement can cost you up to one-fifth of the salary, in addition to productivity loss, the cost of training the new employee, and the slow productivity of the new employee. Employees in the food services and accommodation industry are the most unhappy with their work and have the highest overturn rate; about 37 percent quit annually.

So what can you do to keep your employees happy? Research shows that team-building is the best way to keep your employees invested in your business. Team-building exercises have been proven to increase trust among coworkers and managers, reduce conflict in the workplace, and increase collaboration in teams.

These may sound good, but how do they really benefit your company? According to the study, 48% of employees who resigned in the US listed lack of trust as their primary reason for leaving. Verbal fights are recorded as being “common” for 42% of survey respondents, and only 27% of employees who responded felt they were involved in decisions made by their employers. By using team-building exercises, you can keep your employees engaged, involved, and invested.

What do you do to keep employees engaged at work? Let us know! For more information on how to improve your business, how to get started, and more, visit Business Registration Hong Kong.

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Look who’s loving the social media scene so much these days!

Well, look who’s loving the social media scene so much these days --- no other than the “oldies” a.k.a. those whom you probably once thought are mere seniors and are not interested in Facebook, Plurk, Twitter, Foursquare, Google Plus and other social networking tools and websites. Think again!


Don’t look now but these seniors now are even doing research on brands because of a pre-existing affinity for them. These seniors, according to recent surveys and studies, even want to be kept informed of the brands that they like or have affinity for. And this poses as a challenge to entrepreneurs who want to target these seniors…who, by the way, have money to spare! For wise businessmen, they’d most probably want to target seniors more than the younger ones since the former have the buying power. Still, this does not discount the fact that the younger generation also needs to be kept interested.

Which brings us to yet another challenge for those out there who want to target both the younger and the older demographics - are you ready for all of these? What tools, strategies and plans have you employed so far in order to attract the attention of these markets?

Let’s quickly look at the statistics. As of September 2010, Wedbush Securities-led research shows that only 1 out of 4 of Facebook’s oldest users had “liked” a brand. However, things changed by November 2010. Those with ages more than 55 have begun to close the gap and by April 2011, nearly half have started connecting with brands. Statistics say that 59 percent adult Facebook users have liked a brand and this is even 47 percent up the previous September. Now is this exciting or what? Remember, this seemingly fresh market has the buying power. You wouldn’t want to NOT get their attention!


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