One-third of British workers have reported feeling “financially unstable” for absorbing large or unexpected business expenses. Since enterprise employers are more likely to have expense policies, employees that work for small and midsize businesses are at greater risk—and that’s not the only expense-related challenge.
If you know which deductions to make, and have an expense management tool, your small business can save a substantial amount at tax time. But the opposite is true as well: You risk taking a fiscal hit if you’re caught off-guard at the end of each year.
For every $1 billion invested in projects, businesses waste $97 million because of poor project performance. This should scare small businesses with scarce extra cash: Can you afford to waste 10 percent of your project budget on inefficiency?
Now for the good news: Project Management Institute (PMI) reported last year that more project managers met their initial goals and completed work within budget for the first time in five years. PMI cited the growing use of Agile within organizations as a factor in this rise of successful projects.
Product management and project management are two of today’s fastest-growing roles. Harvard and Cornell are among the business schools that have added product management curriculums to meet demand from students. Meanwhile, the Project Management Institute predicts that employers will need 88 million people in project management roles by 2027.
Job growth for both roles exceeds the average pace. But if you’re wondering what the difference is between product management and project management, you’re not alone. (more…)
Six in 10 U.S. employees didn’t negotiate their salaries during their last job offers and lost out on earning $7,500 more per year. When staffing firm Robert Half surveyed more than 2,700 workers across 27 major U.S. cities, a mere 39 percent said that they negotiated their last job offer’s salary. Subsequent research from Glassdoor found that the average U.S. employee could be earning 13.3 percent more per year than their current base salary if they had negotiated. (more…)
Rhetoric about robots taking jobs is nothing new: From Oxford University to Elon Musk, the fear of AI as an existential threat abounds. But here’s the more complicated truth: It depends on which sector you work in. Some will be far more impacted than others – and that includes manufacturing.
That’s why small business leaders in manufacturing should care about these questions: “How will AI impact the industry?” and “How can I use it to my business’ advantage?” (more…)