Smart employers know that keeping quality employees requires providing the right compensation and benefits package. Compensation includes wages, salaries, bonuses and commission structures.

It may seem as if skills and experience are the most important characteristics of an employee, but attitude plays just as big of a role. After all, what good are great professional skills without ...

Product pricing can spell the difference between success or failure of a retail apparel business. Charge too little, and you won't make enough to cover your costs. Charge too much, and your ...

It goes without saying that businesses need people to show up on time to get the job done. Although this seems like common sense, you will probably encounter a few employees who are chronically late.

When you enter into a fixed-price contract, you are agreeing the final cost of a good or service upfront. This price is written into a contract that both parties sign and agree to honor.

To gain the maximum benefits from your company's information system, you have to exploit all its capacities. Information systems gain their importance by processing the data from company inputs to ...

With the advent of the internet and management information systems (think computers, phones and software), businesses have been able to transform from local mom and pop shops to international ...

A "need" is something you have to have, a necessity. We all need food, shelter, clothes and other basics. A "want" is something you would like to have, but don't really need. Try explaining that ...

Everyone gets sick at some point. Whether it's a miserable head cold or the full-blown flu, there are times when going to work feels almost impossible, not to mention, rude to your co-workers who ...

A divisional organizational structure gives a larger business enterprise the ability to segregate large sections of the company's business into semi-autonomous groups. While generally better ...

You hear a lot about both "big business" and "small business" in the United States, but you don't hear so much about mid-size businesses. There's a simple reason for that: The federal government ...

All businesses have regular expenses that are not directly related to producing goods or services. These indirect expenses are termed "overhead" costs. Most businesses calculate overhead costs on ...