Whether your new Hire is a fresh graduate or someone with years of experience, understanding how your company makes Money is essential for their – and your - success.
It’s essential the onboarding process provides new hires with the business skills and tools they need to impact your company’s bottom-line performance quickly and efficiently. For that to happen, new hires need to understand how your company makes money.
There are seven key areas of business acumen all new hires should be exposed to:
- What is our strategy?
- How do we generate revenue?
- What drives our costs of goods sold?
- What are our gross margins and what are we targeting?
- What impact am I making on our operating expenses, in particular my function?
- What is our profitability?
- How is our cash flow?
