Amazing WorkplaceSuppose you want to design the best company to work for.

What would it be like?After researching various parameters we came to the conclusion that underlying the differences of circumstance, industry, and individual ambition, an organization that operates at its fullest potential by allowing people to do their best work has six common imperatives.These parameters help you create an “Amazing Workplace.” In a nutshell, it’s a company where individual differences are nurtured; information is not suppressed or spun; the company adds value to employees, rather than merely extracting it from them; the organization stands for something meaningful; the work itself is intrinsically rewarding, and there are no illogical rules.Features of an Amazing WorkplaceLET PEOPLE BE THEMSELVESThe ideal organization is aware of dominant currents in its culture, work habits, dress code, traditions, and governing assumptions but, makes explicit efforts to transcend them.

We are talking not just about the buttoned-down financial services company that embraces the IT guys in shorts and sandals, but also the hipster organization that doesn’t look surprised when someone wears a suit.

Or the place where nearly everyone comes in at odd hours but that accommodates the one or two people who prefer a 9-to-5 schedule.UNLEASH THE FLOW OF INFORMATIONThe organization of your dreams recognizes that in the age of Facebook, WikiLeaks, and Twitter, you’re better off telling people the truth before someone else does.

It respects its employees’ need to know what’s really going on so that they can do their jobs, particularly in volatile environments.

Radical honesty is not easy to implement.

If your answers to these questions are yes, then this article is for you.You need to be very certain before you make this decision.

If finances are the problem, you can use small business loans to improve the business and get it unstuck.On the other hand, you don’t want to waste too much money on a business that cannot be revived.

This article will let you know the possible reasons to close down your business, along with other things that you should do before and after closing your business.Viable reasons for closing a businessThe following are some common reasons why entrepreneurs close their businesses.1.

Lack of customersCustomers are the lifeline of a business, and if your business doesn’t have enough customers or is losing them too fast, you might have no choice but to close the business.

So, suppose there is a recession or change of government with bad policies in a location, and you don’t see things changing anytime soon.

Expert analysis, financial data, and models show that you should close the business.Statistics, trend charts, expert analysis can show the future of a business and let you know if you should close the business or not.

Statistically speaking, women live 5 years longer than men on average.

Studies have shown that 77 percent of all widows happen to be women.

Even over the age of 100, 81 percent of the population is women.This is why women need to be extra diligent when they prepare for retirement.

The reality is that women have a higher chance of being alone and being self-reliant financially in their older years.

This includes money for treatments or even end-of-life expenses.This leaves many financially vulnerable in one’s final years.

A survey concluded that around 60 percent of women feel like they will go broke if they live long enough to be 100 years old.

Showing your employees that you’re grateful to have them takes more effort than expected.

It can be done by sincerely appreciating them also an employee appreciation can also be turned into a fun event.Celebrate the birthdaysGet a cake, anniversaries are special.

Birthdays are one of the most important days to show your employees that you are important to them.

The reason behind this is not only employee appreciation and recognition but to build a strong bond between the team.Make them thank you notesMaking few little self-written notes with your own hands and leaving at your employer’s desk will never be out dated.

Writing a note rather than emailing it means much more.

For example, ‘Employee who dances the best’, ‘The best mimic, ‘The best entertainer, ‘Employee of the month’ etc.Take them outTake your employees out for lunch during lunch breaks or sit with them in the cafeteria and have lunch together.

HR is not anymore a pure support and back office role in companies.

Big organizations understand that the role of HR has evolved from just handling recruitment and payroll to being responsible for employee development, satisfaction, company growth, and maintaining a healthy company culture.

Therefore they have invested resources into having the right HR team and software that facilitate the business growth.As a small business that can’t afford to break the bank for the HR department alone, here are 5 ways you can effectively manage your HR operations.ESTABLISH A SOLID HR FOUNDATIONLaying a strong HR foundation is the first and foremost step to effective HR management.

Start by making sure that your business is in compliance with local, state and federal laws.

Employment contracts, compensation plans, payroll, insurance and taxes are the things you need to get in place, strictly.Next, setting up company policies from employee handbook, overtime rules or code of conduct to protect the sake of both company and employees.

Be consistent in the implementation and keep the policies accessible and up-to-date to ensure all employees are well-aware and act on the mutual benefits.RECRUIT SMARTLY AND ONBOARD SMOOTHLYOne thing you can’t afford as a small business is to make unnecessary hires.