The FLSA has come up with some guidelines to make sure that employees are compensated for their extra working hours. As well as federal laws, certain states have their own rules which must be adhered to. Employers who do not follow these rules can be taken to court and may face...
Online time trackers make it easier for you to track your employee’s working hours. Furthermore, many applications offer comprehensive functions that go well beyond mere timekeeping. This way, you simplify your personnel planning and resource planning. It’s not only large...
Distractions and multitasking are among the greatest productivity killers of our time. With the Pomodoro technique, you learn focused single-tasking that significantly increases your productivity and improves the quality of your work. Find out what other advantages this time...
In the party scene, you’ve probably heard of “BYOB“ or “Bring Your Own Beer” where guests are expected to bring whatever they want to drink. The term “BYOD” therefore also sounds quite positive. “Bring Your Own Device” means you have the comfort of working on your own laptop...
When work piles up, there is no way around it: prioritizing tasks is part of the daily work of a good company head or team leader. But if everything already had to be done yesterday, it can be difficult to define a clear structure. Proven concepts for how to prioritize such as...
Which is better, G suite or Office 365? Both providers offer users a cloud platform with business-ready office and collaboration tools. The pricing is also in a similar ballpark. Entrepreneurs who want to centralize operational work processes with cloud-based applications are...
After introducing a product on the market, many companies tend to wonder how its sales will evolve in the future. Every product goes through the same stages. Once you understand the product life cycle stages, you can better plan out your company’s operations. This model affects a wide range of business sectors. Ideally, you should be thinking about the product life cycle for marketing as well.
Having to conduct a meeting is a challenging, often underestimated task. Many workplace meetings fail because of unprepared participants or showboating colleagues who talk endlessly without getting to the point. But it doesn’t have to be this way, and learning how to conduct a meeting is easier than you might think. With these effective meeting tips, a little preparation, diplomatic moderating...
An association is the best way to join forces with like-minded people and pursue a common goal - provided you are not primarily interested in making a financial profit. In order to guarantee that your association functions in the long run, you’ll have to take a lot into account. How do you actually start an association? And what are the requirements for starting an association?
Getting Things Done (GTD) is a productivity and time management system that was developed in 2001 by David Allen and now has a large community of followers. What’s so special about the GTD method? You can apply it to all areas of life to prevent important to-dos from falling through the cracks. That being said, this time management method isn’t right for everyone.
On average, HR spend four minutes on each application. That’s why you should make sure your curriculum vitae is setup in such a way that it’s easily skimmable – the best way to do this is with a tabular CV, which covers all your bases. With our free CV template, we’ll show you how to create this kind of CV and what contents HR look for.
Nowadays, an elevator pitch rarely takes place in an actual elevator. But the fact remains that we often face situations in everyday life where we need to present ourselves in a brief and compelling way. Could you pique the interest of a potential employer or investor in under two minutes? Here's a guide on how to give a perfect elevator pitch.
Supply and demand determine pricing in a free market. Demand has an influence on supply and vice versa. With no demand, any supply is redundant, and with no supply, demand is ineffective. When they are in equilibrium, prices remain stable and goods are affordable. But how exactly does the law of supply and demand work?
ABC analysis identifies which goods or customers generate the most revenue. It assigns individual items to specific categories based on how much they contribute to the total value. This makes it easy to determine which items are very important and should be prioritized (category A) and which only contribute a small amount to the total value (category C).
To correctly evaluate a company, and to be able to compare it with others, you require appropriate key figures. However, the profit at the end of the year is not the right choice for all situations. Business economists often use other comparison values. The EBITDA value emerges again and again in this context. But: what is EBITDA?
You rely on meaningful figures for running your company. The EBITDA margin gives you a powerful tool for measuring the profitability of your company in its day-to-day business operations so you can make corrections if required. You can ignore items which are not significant for the result of your company operations. We explain how to calculate the EBITDA margin.
Provide powerful and reliable service to your clients with a web hosting package from IONOS.
