Impact of Employee Satisfaction in Business
In the Article “Why Employee Engagement Is Key to Company Success “, Jessica Brook mentions that only about “30% of employees are engaged at work. When employees are engaged their motivation and commitment to their employer increases which leads to driving the business forward and achieving more goals and higher quality work. She continues to mention that companies with a high level of engagement report 22% higher productivity” According to Brook, Talent Culture found that investing in improved employee engagement can increase profits by 10%.
Impact of Risk and Business | Ravencsi
Will Kenton‘s definition of business risk is perfectly stated; “Business risk is the exposure a company or organization has to factor(s) that will lower its profits or lead it to fail. Anything that threatens a company’s ability to meet its target or achieve its financial goals is called business risk. These risks come from a variety of sources, so it’s not always the company head or a manager who’s to blame. Instead, the risks may come from other sources within the firm or they may be external—from regulations to the overall economy.”
Customer Retention. What the Data tells us?
Have you ever wondered what percentage of your customers return to use your services or products? What about the customers that haven’t returned? What are their reasons for not coming back? Customer retention is an important aspect of maintaining a sustainable business. Here are some tips, tricks, and data regarding the importance of customer retention and how you can maintain loyal customers.
Power of Referrals in Building a Business
Have you ever wondered what customers think about your product or the services you provide? How likely are they willing to recommend your business to their friends and family? In the business world, referrals are key. They have been an effective way to market businesses for years and can be a critical influence in revenue. Below is data regarding how powerful referrals can really be in marketing and maintaining a successful business.
Cost of Negative Social Media and How to Avoid it!
As a business owner or shareholder, has your business ever been the victim of negative social media from some of your customers? What is the cost to my business from lost revenue or referrals? Is there a way to easily capture issues at the time of occurrence and resolve them with the customer in a timely way to avoid this from happening?
If you have experienced any of these situations or had questions with regard to the impact, we have some data and information below to help you avoid the impact or loss.