If you're not sure what vendor risk management (VRM) is, it is a process that attempts to deal with the risk inherent in dealing with third parties or suppliers to your business. It is largely concerned with reducing or mitigating these risks, especially as they apply to specific areas which might potentially be very harmful to your own business. These areas include cybersecurity, operations risk, compliance risk, reputational risk, financial risk, and strategic risk. Any one of these could … [Read more...]

There's no doubt that one of the most critical departments in any organization is its Human Resources Department. Without it, it would be excruciating to recruit and keep good employees, it would be impossible to improve the organization effectively, and it would be very hard to establish a productive and cooperative work environment. For these reasons, the HR department has often been referred to as the heart and soul of a company. Here are some factors which point up the extreme importance … [Read more...]

The importance of a resume cover letter will differ from one employer to the next. Generally speaking, they do have real significance to an employer searching for the best candidate for a job opening. The cover letter is often the first thing that any potential employer reviews. Normally the person reviewing the cover letter uses it as a means to help include or exclude a candidate as a potential employee. When taken together with the resume, a cover letter will generally state one or more … [Read more...]

In order to achieve maximum productivity in your workplace, it will be necessary to have the appropriate work schedule for all your employees. There are a number of work schedules other than full-time employment which you can use to accomplish all the necessary work for any given timeframe. Part-time employment is one of these other work schedules, as is seasonal employment. While these two are similar in that they are for limited durations of time, and are not full-time work, there are still … [Read more...]

Not every company today has the resources to hire an in-house team of IT specialists, and this is especially true of companies that are constrained by tight budgets, or which have typically small projects to carry out. Several other constraints may influence the decision to assemble an in-house IT team. However, if an in-house team is an approach that best suits your business, but you lack the resources to assemble this team on your own, your best solution will probably be to have a … [Read more...]

A vendor management system (VMS) is a collection of software programs that helps a business manage its relationships with actual vendors or employees, and it includes software to handle everything from the first contact to closing a deal and continuing with an ongoing relationship. Within any given vendor management system suite, there are specific modules that handle such processes as vendor onboarding, payments for vendors, and feedback from each vendor. It's no exaggeration to say that … [Read more...]

It can be pretty difficult to know exactly where to begin when you're faced with the prospect of having to increase your company staffing. Staffing agencies can provide a big assist in this area because they will always have had years of experience in carrying out all those functions necessary for finding top performers, and for evaluating employees prior to making a hiring decision. There are a number of different approaches to staffing, and any one of them might be highly advantageous for … [Read more...]

There's no doubt about the important role that a staffing agency plays in today's business world, and there are a great many people involved with this booming industry. Approximately 3 million workers are associated with the staffing industry at present, and it generates nearly $100 billion in revenue annually. Staffing companies play a vital role in today's business world by meeting the demand for qualified and skilled employees needed by today's successful businesses. Here are some of the … [Read more...]

If you've ever wondered about just what happens behind the scenes during the executive recruitment process, the information below will go a long way toward enlightening you. For everyone involved - candidate, client, and search firm - the process can be a little nerve-wracking, and none of the three parties is ever really aware of all the events and occurrences which are in progress throughout the ordeal. However, these employee searches usually do turn up good candidates, so the process works … [Read more...]

As a business owner, you might be inclined to leave HR management to the specialists you hired to carry out that function. However, it's really important that every business owner should have at least some grasp of the principles involved in human resource services so that you will be aware of what's happening in your own company. The people assets who work for you are undoubtedly your most valuable assets, and that's why it's so important for you to have an understanding of what's going on … [Read more...]