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From small business best practices to breakdowns of complex terms, SOCA news gives your business the information it needs to thrive in modern business.
It’s the dream of every small-town resident: a booming local economy rich with culture and opportunity.
The issue is that many local business owners and community managers find they don’t know what steps to take to increase the strength of their local economy.
In essence, the problem of a weak local economy comes down to two factors. First, local businesses are too focused on competing with other small businesses and they allow corporations to take up a large percentage of local revenue. Second, local businesses buy goods from large, global companies to reduce costs.
Both actions result in the deterioration of small businesses and the growth of outside corporations.
Whether you own a small business or one that operates on a larger scale, it is important to have a variety of different management software to ensure that your business is on pace to complete your goals.
The quick answer is the typical rule of thumb is to have one HR professional for every 100 employees. However, depending on the scope of the role and how proactive your organization is, this number may be more like 1.5 HR professionals per every 100 employees (Bloomberg Report).
Want to learn more about what SOCA can offer your small business? At SOCA, we provide you with all the benefits you need to thrive. Join SOCA today!