Posts by Bill Wortman

Q. I am about to become a new boss, supervising three people who are incumbent to the organization. I am the new player on the team. Any suggestions on best practices in embarking on this journey? While your most recent professional experience may be as a self-employed professional with no employees, you certainly have the…

Question: I run a small business and have less than 10 employees. Why should I have an employee handbook? An effective employee handbook that lays out all company policies can be a great benefit to your small business. Although there’s no kind of legal requirement forcing you to develop a handbook, experts have found that…

Q. How do I calculate the cost of replacing an employee? Employee turnover is the attrition of employees through voluntary or involuntary terminations. Employee turnover results in costs (internal and outside services) to the employer, including those for employee separation/departure, lost productivity, recruiting and hiring replacement employees, orientation and training of new employees, etc. While…

Q. Is it possible for companies to offer fringe benefits to some employees and not others? For example, can they give certain benefits to key executives and sales leaders and not to the rest of the company? Fringe Benefit Programs Generally speaking, it is possible for certain fringe benefit programs to vary by employee category—executive/non…