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When & How To Promote Staff
Coinboy – A Convenient Coin Holder That Gives You Fast Access To Your Change.
DATA RECENTLY released from the networking website, LinkedIn. com, suggests that U.S. employers in general tend to advance workers most often during the months of January, June and July. The fi nd- ings are based on information listed in the profi les of LinkedIn’s more than 90 million members worldwide, between January 1990 and December 2010. Peter Cap- pelli, a management professor at the University of Pennsylva- nia’s Wharton School, says the data likely refl ects times when many companies see business slow down, or their fi scal year comes to an end. That’s when, “A lot of restructuring decisions get made, which creates turnover and openings,” he says. Yet unlike their larger counterparts, small businesses generally don’t need to make such judgment calls at a specifi c time of year to satisfy stockholders, union leaders or other regulators. They also gen- erally don’t need to do as much reshuffl ing of their workforces on an annual basis, since their ca- reer ladders tend to have fewer rungs, according to The Wall Street Journal. For the typical small business
Info@mycoinboy.com 104 March 2011
owner, what’s most important in deciding when to promote an em- ployee is whether the company needs, and can afford to make the investment, says Tim Irwin, an organizational psychologist
continued on page 105 INDEPENDENTRETAILER
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