Category Archives: Banking

Healthy Staff Investment Aids Business Growth

After many years of experience working within corporate America, I have seen how businesses that invest in the health of employees flourish more than those that make little effort to do so.

Business Losses

Aside from the humanitarian aspects, I have personally experienced and witnessed that unhealthy employees cost a company far more than healthy ones do. It has been estimated that unhealthy staff costs billions of dollars each year for businesses, related to:

– Costly temporary staff replacements;

– Backlogged work;

– Ineffective workflows that create business disruptions;

– Increased heath care premium costs; and

– General lower productivity.

Lessening Stress Promotes Healthy Staff

I also noticed that as a healthy worker, I was far more productive than when I was ill. Nearly every sickness I ever had was related in some way to the often needless stress from:

– Lack of organization;

– Unrealistic workloads;

– Being continually exposed to employees who were sick.

Doctors have recognized how stress plays a large factor in illness. Stressed out, overworked staff will spend more time at the doctor’s office which drive up health care costs. Additionally, unhealthy workers greatly contribute to business disruptions.

European Human Resources Philosophy

Many European businesses have been way ahead of the U.S. when it comes to the overall treatment of their employees. For example, when I worked with a bank that was based in Amsterdam, I was shocked to learn of the various health-related perks:

– 100% paid health care plan;

– Fully paid gym memberships;

– Three weeks of paid time off for vacation immediately;

– Unlimited, paid sick time;

– Doctor visits counted as paid sick time;

– Twelve days of personal time;

– Every major holiday off;

– Extra bank and European holidays; and

– Bonuses paid in cash or time off.

I had thought that allowing employees to take unlimited sick time would encourage abusing this privilege. In reality, nothing could be further from the truth. Because I knew that I would be covered financially should I become ill, I found that I almost never needed to take a sick day off. Of course, part of the reason that I stayed so healthy was probably due also to:

– Realistic workloads;

– Positive, thoughtful work environments;

– Communicative management; and

– Less chance of contracting an illness, since people stayed home when they were ill.

Rarely did anyone in the office need more than a few hours to a day or two. Usually, “sick time” was used to go to the regular check-ups that the company also encouraged that each employee take advantage of, through its fully paid, no-co pay health plan.

What’s more, I was never made to feel badly about visiting the doctor or staying home if necessary. Rather, I was encouraged to do so. This company understood that having sick employees in the office was not good for business. Illnesses are spread and there is nothing productive about insisting that employees who are sick come to work. For this reason, I now choose workplaces not entirely by compensation, but by the culture of overall health that they adopt.

This author writes articles advising business owners to invest more in their employees and also reads medical alert systems reviews.


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Retirement Plans And Saving Made Simple

It can be a real hassle to manage a retirement fund. The stakes are quite high, because that fund represents someone’s life savings and is what they are expected to live off of for the rest of their life.

Getting to the point where someone has saved up enough money to retire is one thing. But that’s really only half the battle. Then comes the challenge of trying to make that money last enough years — and perhaps even do enough to where that nestegg actually grows, too. Read on for some quick tips on how to manage a retirement fund.

Save enough

One of the biggest tips that makes it much easier to manage a retirement fund is to retire with enough money in that fund. Now, that might seem like common sense but many people rush into retirement with too little saved and then are unable to make the money stretch out for the length of their retirement.

Work with a money manager to make sure that there is enough money in the retirement fund to last. People are living longer and longer these days — many into their 90s — which means the money has to stretch longer than ever, too. Get some help understanding exactly how much money is needed, and how to make it last.

Health insurance

To manage a retirement fund is to understand all of the expenses that come with retirement. One of the big expenses is health insurance, which becomes more and more important as people age and require medical care. Make sure that the expense of health insurance is factored into any plan.

While it might not seem like a big deal now, especially if an employer is paying for insurance, it will become much more pressing once retirement hits. Health insurance can be a challenge but it does not have to be a scary thing if it is prepared for.

Lump sum vs. payout

It might seem like a good idea to get a huge lump sum from a 401(k) plan, but it is actually one of the common pitfalls of retirement. While seeing that huge amount upfront can make someone feel pretty well off, it is actually often a better idea to get a yearly payout. This can help someone budget and it guarantees that they won’t spend it all too soon.

Where to seek advice

Remember, any time that a client has a specific question about their retirement plan, a financial expert should be asked for help. There are a lot of standard replies to questionst that do not consider the specifics of a plan, growth rates and more.

Seeking advice online may seem easier, but the answers that the web provides are not as assured as the answers that are offered by an expert that actually manages the account or accounts in question.

Robert Seitzinger is a copywriter for Majestic Eagle Insurance, a Portland insurance group that can help with retirement planning.


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The Benefits of a VIDEO Job Board for Search

When searching for a candidate, companies generally use one of two venues, either a recruiter or a job board.

The Recruiter

If the Employer is looking for a specialized individual in a specific field or if he doesn’t have the time, the Employer will probably use a recruiter. However, his pockets better be deep, as recruiters will charge anywhere from 15% to 30% of the candidate’s gross annual income. The percentage that the recruiter charges depends on each individual recruiter’s fee schedule.

The Job Board

If the Employer has the time to search for the candidate himself and wants to keep the cost of the search low, then the Employer will use a job board and perform the search himself. The costs of posting a job(s) and/or searching resumes vary from job board to job board, but these costs are without a doubt much more economical than the use of recruiters.

The VIDEO Job Board   This is a link to an actual candidate, and his video!

Ideally, the best solution in finding a candidate would be a job board that didn’t cost anything for either Employers or Candidates. Even better still would be a ‘no cost’ job board with Videos where the Employer could see the personality, presence, and qualities of each individual needed for a specific career requirement, something that paper resumes alone can’t do. This ideal solution is “CareerFlick”.

“CareerFlick” is a Worldwide Video Resume Jobsite that is FREE for all Employers and all Job Seekers.  This Job Board/Jobsite lets Employers post ‘unlimited’ jobs and view ‘unlimited’ Video Resumes of Job Seekers for FREE with NO time constraints and NO recruiting fees. Job Seekers can upload their own Video Resume or have a staff member of CareerFlick help them create it for FREE. Like Kijiji and Facebook, CareerFlick earns its revenue from advertisers.

Video Resumes are a thing of the future, but are here now. The use of Video Resumes is a valuable time-saving asset for BOTH Job Seekers and Employers by allowing Employers the opportunity of pre-screening candidates. Video Resumes help Employers see the “real” candidates in order to effectively select the very best candidates for a more extensive and formal ‘in-person’ interview. In short, Video Resumes save time and money for BOTH Employers and Job Seekers.

The Choice

In summary, if the Employer wants to save HIS time and can afford it, he should use a recruiter. If the Employer wants to save ‘time’ AND ‘money’, he should use a job board/job site, ideally one that is FREE and has Videos, such as “CareerFlick”.




“CareerFlick” lets Employers post ‘UNLIMITED’ jobs and view ‘UNLIMITED’ VIDEO RESUMES of Job Seekers for FREE with NO time constraints and NO recruiting fees…totally FREE!

“CareerFlick” has Job Seekers from all around the World and EVERY Job Seeker has a personal VIDEO RESUME. Job Seekers can upload their own VIDEO RESUME or have us help them create it for FREE!


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How a Lawyer Can Assist You with Your Business Concerns


Whether your business is small or large, it is helpful to have a knowledgeable law firm by your side to navigate all of the complications that legal matters can create. Having an experienced lawyer on your team can help you to do everything from planning your next financial move to understanding the nuances of contracts.

Here are four major things you can get assistance with when you work with a combination lawyer/accountant.


 1. Strategic Planning and Business Plans

If you want your business to succeed, it is smart to have a good business plan in place. If you need some help revising or adjusting your business plan in order to meet new goals and objectives, an experienced financial attorney can help you with this. 

Strategic planning isn’t easy, though. There are many details involved in growing your organization and making it better. In order to craft a realistic and intelligent business plan, it’s important to work with someone who knows what the business conditions are like and how markets are currently faring.

Whether your strategy hinges on hiring additional employees, developing a new product or just raising the finances necessary to enter a dynamic new chapter of your company, the right law firm or team of financially versed attorneys can help.

 2. Supply Chain Management

One integral part of business success is supply chain management. Making sure that you have the resources necessary to provide an outstanding product is what ensures your company’s survival.When your company needs certain materials to provide a product or service, it is integral to be sure that you can get the amount of materials necessary and at a reasonable cost in order to still make a profit.

Experienced lawyers can identify suppliers and supply chains, analyzing the process of procurement and finding out where you can save money and become more efficient. You may find that you need fewer suppliers, less inventory or just better quality of supplies.

3. Contract Consultation

Contracts are all over the business world, and chances are that your company has dozens of them with suppliers, clients and others that you are involved with. Contract law is notoriously tricky to navigate, which is why it’s imperative to have a contract lawyer to help you understand what each contract involves and how you can get the most out of these necessary legal agreements.

4. Systems Implementation and More

In addition to contract navigation, supply chain management and business planning, experienced attorneys can help you with a range of other business elements, too.  You can get assistance with system implementation, organizational planning and development, inventory analysis, business flow analysis and assessment and much more.


Go online now to find a tax and finance lawyer that can help you optimize and streamline your business today!

Jessica writes about just about anything. She especially enjoys writing about lawyers. You can learn more about Contract Lawyer at


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When Your Company Can’t Get Any Leaner!

Has your company’s overhead suddenly become a problem? Have your sales declined so much that your current cost structure simply isn’t sustainable? More importantly, have you decided to reduce costs, but are unsure of how to proceed, or where to focus your efforts? Well, you’re not alone. In what many economists now call the “Great Recession,” companies everywhere are scrambling to reduce expenditures. It’s a reality of today’s business environment; companies must reduce costs or suffer the consequences. It really is that simple. However, what can companies do when they’ve exhausted all options? What can they do when they simply can’t squeeze anymore? In a world where enterprises are touting the benefits of being lean, what can companies do when they just can’t get any leaner?

Should We Use Layoffs or Reduce Salaries?

Given this most recent recession, most companies have done their best to reduce expenses. However, at some point, these companies face the ultimate decision: should they pursue layoffs, reduce salaries, or both? Unfortunately, there really isn’t a definitive answer as to which strategy is best. Some argue that companies should focus on making deep cuts to their workforce, deep enough that they can immediately return to profitability. Others argue that companies should instead focus on across the board salary cuts. Yet, others claim that a combination of layoffs and salary cuts works best. Unfortunately, all of these actions inevitably lead to a substantial decrease in service capabilities. So what can companies do when they must reduce costs but are reluctant to go with these aforementioned options?

•             Outsource Payroll

Today’s companies save a tremendous amount of money by outsourcing their payroll to corporate payroll services firms. For instance, UK employers must meet stringent PAYE requirements. In Canada, there are a different set of rules pertaining to the Canada Revenue Agency, and how employers should be compliant when withholding taxes. In the United States, it’s the IRS. Each agency has a different set of rules governing how employees are paid. Each has a different set of rules on how corporations pay taxes. Finally, each has different criteria concerning withholding amounts. It can become a recipe for disaster. However, it’s less of a concern when using an outside payroll firm. In addition, outsourcing can save a considerable amount of capital.

•             Work Share Models

Most countries have provisions that allow employers to benefit from work share models. Employees work a reduced number of days. On those days where the employee doesn’t work, he or she receives unemployment insurance. The company is able to reduce its costs, while employees are able to retain their jobs. Work share models allow companies to retain high value employees without fear or concern that those employees will leave. This practice is often welcomed by both employer and employee. The impact in lost revenue is often made up by the unemployment benefits the employee receives. Work share programs are also ideal for companies who operate in cyclical and seasonal markets. These programs allow companies to match their workforce levels to their market’s business volumes. Meanwhile, employees are confident that their workload will increase once the market rebounds.

This recession has certainly taken its toll. Companies are understandably apprehensive about the future. As such, they have downgraded their forecasts and have adjusted expectations to coincide with this new reality. Outsourcing payroll management is one option that reduces costs without resorting to salary reductions and layoffs. Work share programs are also a proactive means of reducing costs. Both are solid options for today’s enterprises.

This guest post was written by independent journalist Patrica H. Hugley who frequently blogs about company finances and payroll services.


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Can Your Small Business Compete with the Big Dogs?

There is a major difference between small businesses and big businesses, and it all comes down to number of employees. Some people think that small businesses are at a disadvantage because people are more likely to turn to the bigger name companies for their products or services, but this isn’t the case. Yes, people do tend to turn to larger companies, but they shouldn’t ignore small businesses, as they can actually give big brands a run for their money.

Small businesses have expertise.

Small businesses cannot afford a large team of people to do a job, so instead of hiring a slew of people with mediocre skills, they hire one or two with expert level skill. The level of expertise these people possess can outshine the team of individuals at a big name company.
Small businesses also don’t try and do it all. Instead, they stick to their niche and excel at it. Instead of being okay at a lot of things, they’re great at one or two things. This makes them more valuable to their customers.
Small businesses solve problems.

Small business owners have to be extremely involved in the company. They know their customers, they know their employees and they know exactly what their company is capable of doing. Since small business owners are so hands on, they know exactly how to solve the business problems their clients are experiencing. Instead of trying to sell them on products and services they don’t need, they give them exactly what they need to solve their problem.
Small businesses can shift quickly.

Since big brands have so many players involved, they cannot make changes without having to hold a ton of meetings and getting approval from multiple people. As a small business, the owner can make a decision in a heartbeat, and everybody will be on board.
When social media started taking over, small businesses were the first to jump on the bandwagon because they could simply get it done. Bigger brands had to wait for their marketing budget to be approved and altered to include social media as an option.
Smaller companies take chances.

Small companies are not afraid to take chances. They will try a marketing tactic out and won’t worry if it fails. They simply learn from the experience and move on. They’re also not afraid to pitch ideas to big companies. They figure that they have nothing to lose, and if they get the opportunity to work with a big company, it can do wonders for their business.
If you’re in the market for a product or service, don’t shy away from the smaller businesses in order to work with the big brands. Smaller companies have more to offer than you think, and they will dedicate themselves to you. Larger companies can be overwhelming to work with, and because they service so many people, you won’t be able to build a great customer/business relationship with them.

Andrew Malak is a business student at the University of Texas with a passion for writing. He is also passionate about proper grammar and never writes without the help of a grammar checker. He uses the software to catch mistakes and fix the tricky grammar rules he has forgotten.


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The Invention of the Cash Mob

Local businesses ultimately tread water for most of their lives under the disinterested eye of major players in the respective industries. Being presented with a pair of water-wings would provide respite for anyone under trying circumstances. On the other side of this metaphor is the recent development of the cash mob, set out to offer water wings to small businesses in as many places as possible.
When Chris Smith conceptualised the idea of a cash mob less than a year ago he might not have realised that it would take off so dramatically. The idea of the cash mob is quite similar to its more social influencer, the flash mob, in that it pools a group of strangers together in an attempt to add value to society in some way. Whether it is an unexpected well-choreographed dance routine in a shopping mall, or for the purposes of mass demonstration for political purposes, a flash mob has an intangible outcome. A cash mob on the other hand aims to provide cash injection for small businesses that could really do with a larger customer base.
Cash mobs are taking off slowly but surely all over the world. As group buying sites become more popular, small to medium-sized businesses take big risks in forking out a lot of money to pay the online retailer as well as reduce their product price. Contrary to a group buying site the cash mob encourages personal interaction with store owners through physical purchases. This adds a new dimension to the buying process and serves as a valuable way of retaining customers.
The optimal cash mob functions in the following way:A vote is taken on which enterprise should be mobbed.A date and time is arranged for the cash mob to take place.The right number of people mob the store without there being too many to handle or too few to make the cash mob a successful venture. Lastly, the mob needs to carry out its main function by spending money in the store through their purchases.
The result of a successful cash mob is that store owners get a valuable injection to their cash flow, allowing them to keep their heads above water for a while longer. This trend will most likely spread out to the rest of the world in the near future and as a relatively new venture the cash mob is already making a bit of a splash online.

Dave Peterson deals in currency as a hobby and has done so for years. Foreign exchange traders are a big part of his life and he’s definitely had his ups and down with them over the years. He realises that forex services differ quite dramatically between firms but building a relationship with your trader is vital for trust purposes.


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