Employees

What Is Compliance Management & Why It’s Important

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Compliance management is an essential part of business, and it is here to stay. If you are ready to take your business to the next level, compliance management is a must. But what is it, and why is it important? Find all the answers in today’s post.

A lack of workplace health and safety compliance can create a lot of unnecessary risk for both your employees and your business. If you own a business in Australia, then you need to be taking workplace health and safety compliance very seriously. And that is where compliance management comes in. Read on to discover what it is and why it is important.

What is Compliance Management?

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Compliance Management is the process of identifying key regulations, legislation and policies that affect your organization and its actions. It’s the act of making sure you understand where your organization stands with respect to these rules and laws, as well as seeking out ways to ensure you are within compliance. In the Workplace Health and Safety (WHS) industry, compliance management is the process of ensuring that your WHS policies and procedures are in place and followed.

It is also the processes and systems in place to make sure that the policies are up-to-date, that they are properly communicated, and that they are enforced. In Australia, this practice seeks to ensure that all applicable laws, rules, and regulations are followed at every level of an organization, by everyone who works there.

Why is it important?

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If you’re managing a company, you’re responsible for the health and safety of the people who work for you. You’re also responsible for the health and safety of your visitors and anyone who may be affected by your business. Workplace health and safety compliance management is important because it prevents the dangers that can come from a lack of compliance – it is important to maintain a safe working environment and reduce the risk of accidents.

Not only can the consequences of a lack of compliance be dire, but they can also be expensive. There are serious financial consequences that come from a lack of compliance. It’s important to make sure that you and your staff are always following all the relevant workplace health and safety regulations. If you don’t follow these regulations, you could face hefty fines.

Compliance Management will ensure that you are compliant with all relevant health and safety standards, legislation and regulations, and that you have adequate health and safety controls in place for your workplace. In summary: The most important thing about having proper workplace health and safety compliance management is that it helps prevent accidents and injuries. The second thing is that it helps you get ready for an audit. The last thing is that it helps you know what your next steps are after the audit.

Compliance Management – Here are a few things to keep in mind

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Once you have developed your compliance policy, refer to the document as often as necessary to ensure that it is up to date and needs to be implemented in a timely manner.

The ultimate goal is to have accurate, up-to-date information on how your compliance is being tracked. For example, completing an incident survey on an annual basis or conducting case management to review WHS policies can help you monitor compliance. Here’s an interesting post on kirialign.com which has highlighted the benefits of an online compliance management system.

Effective communication is key. As a manager, it is your responsibility to keep the organization motivated to follow your compliance requirements.  Remember, nobody is perfect, so always consider how you can improve them so that your employees will be more comfortable with them and to roll them out more easily.

How does a company know if WHS compliance is being followed?

Source: abilitygroup.com.au

There are many steps involved in making sure that a company is following the WHS standards. A lot of people are aware of them, but it is important to not only be aware of them, but also make sure you are following them.

Compliance Management Audits

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Compliance management audits allow you to check the implementation of new or revised WHS policies and procedures and check how they are being used. Some examples of audit activities include: information gathering and providing feedback on how policies and procedures are being implemented, reviewing procedures prior to being implemented, cross-checking procedures with implemented policies or regulatory requirements, reviewing public documentation of already implemented procedures to confirm the efficacy of those procedures.

Legacy

Source: conserve.com.au

Once changes to a WHS policy or procedure come into effect, you can check to see how they are being monitored to see if they are being followed. You can find out how other compliant companies are registering their changes to comply with new regulations, reviewing existing compliance documentation and reporting at the end of each compliance cycle to track your progress towards compliance.

Compare

You can also compare how your regulations apply to your business across a range of issues, for example demographics, cost of administration, or key performance indicators, to identify any inconsistencies with how WHS policies and procedures are being implemented. You can then use this information to check on any possible gaps in how policies and procedures are being met.

Conclusion:

The transformation within your business following compliance management practices can be significant. It can often pave the way to increased productivity, growth and competitiveness within your industry.

It’s important to understand that you don’t need to have the resources and expertise to effectively carry out compliance management. What you need is not a fancy compliance system — it’s just the right processes, systems and practices at the right place in time to deliver effective compliance to the regulated.

A WHS compliance program which is integrated, collaborative and results-driven will be the foundation of any successful turnaround.

How to Create a Pay Stub for your Employees?

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Whether you are legally required to issue your employees a payroll that tracks their earnings on a monthly or weekly basis, do so. This is certainly a policy that all entrepreneurs should adhere to, because this has a lot of advantages for both employees and them. This way you keep records and have all payout companies in one place. So, your employees get paid for their hard work and deserve documents that are proof of their earnings. However, you equally deserve this because you always have proof of income with you.

However, this payroll must contain some important information. And in the first place is certainly the amount of the employee’s salary, where he works and which employer. This document is given to employees for a salary. If you are not sure how to get to it or where to start when creating, keep reading. Below we have explained the creation of a pay stub.

Advantages of pay stab

Source:medium.com

So, as an employer, you have an equal obligation to the state and employees. The pay stub is just the most reliable way to track revenue and the general circulation of finances. It is also used as legal evidence if all the information within it is one hundred percent valid and supported by law. On the other hand, the people who work for you need to have insight into the cash flow. If you provide them with a pay stub, they will have the opportunity to get a mortgage, car loan, and credit cards. Each type of loan is supported with it, because it is an insight into the complete financial history. Of course, provided it is not in question

What do I need to make a paystub?

Now that you’ve realized how important it is to use this method to keep records of employee earnings, it’s time to learn how to create it. You can choose between several ways, but first deal with mathematics. So, use some program in which you will make tables. For example, Excel or another program can help you take the first step. In this way, you will categorize finances and create templates that you will constantly use for each employee. Of course, you will always keep them as a record, so it will be a template for you as well. How to make pay stub? Once you have done the basic thing you can really start creating a pay stub for your employees.

How is an employee’s salary calculated?

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When we tell you to focus on calculus first, I mean specifically the three basic processes you have to go through. In the first place, it is the gross salary. So this is the point from which it all begins. In order to do this successfully, you need to divide the entire annual salary of the employee by per diems in that period. Of course, sometimes it is necessary to deduct a certain amount of money and this happens in special cases, for example, it refers to unpaid free time, etc. We’ll talk more about that later. On the other hand, we have overtime work, which also counts, and that would mean the opposite. Then it is necessary to add a certain amount of money in accordance with the number of hours that the employee worked. Taxes and similar items are not included in the gross salary. Once you have calculated the total value you have a starting point for all other calculations.

What is a deduction?

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Let’s explain this step in a little more detail. Of course, it is clear to you that this means subtracting from the total amount of money earned by the employee. However, this applies not only to unpaid days off but also to taxes. For example, we have social security taxes, state taxes, etc. These are all deductions. In addition, there is a pension fund, and the money intended for it is also considered a deduction. So, there are several factors that affect the total amount of money that should be deducted.

Keep in mind that this will not always be easy to do. One of the more common problems is a situation where a certain area does not charge a local tax. So check this item before you start calculating. Don’t forget this step, because without it you can’t finish what you started. The pay stub implies absolutely every deduction that must be precise. Trust us you don’t want fake pay stubs. They should stand separately, without a combination of taxes, etc.

How do I determine my net salary?

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In the end, we come to the net salary, and that is the amount with which you close your account. After all the deductions and allowances you have had on an employee’s earnings stands this relationship. So it will be located as the final digit on the pay stub. It is this amount that your employees will take home and that is why it is important that you perform all the above steps correctly. Keep in mind that this is a big responsibility and that you can’t do everything yourself, but you don’t need an assistant.

What should I use of the tools?

When it comes to calculations, it is very easy to deal with the previously mentioned program and similar, but other tools are needed. You can always print the information on paper, but you won’t actually do that because it’s pointless. Today there are so many choices just as you wouldn’t have to do it and burden yourself with unnecessary work as an owner. On the other hand, none of the banks and other companies will accept this kind of work. Either way, you need an online pay stub maker like Paystubsnow.

Those tools will help you find fantastic templates and many other features. For example, you can fill them out and send them to your staff in digital format. You can also edit it later to customize them to your needs and more.

Conclusion:

Business checkbooks are a thing of the past, and traders and owners have found a new way to pay their employees properly. Don’t miss the opportunity to be one of them, because it is not difficult at all. This part of the business has evolved and today there are companies that can offer you fantastic services, and employees deserve to provide them with the exact amount of taxes and profits. In that case, the most important thing is the software. We hope we have helped you successfully complete this process.

Top 5 Steps to use QuickBooks as a Time Tracking App for your Remote Employees

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In these unprecedented times, it is ideal for working from home. And, it is common to hire remote employees- one, they are productive and have no need to commute, and require no workspace, which is the best option for a small scale business.

Further, it improves employee retention, cost cuts down and increases diversity. Despite these advantages, there is also a bigger challenge-employee time tracking.

An automated time tracking app does the job perfectly for you. QuickBooks time tracking app. works best for all Small to Medium Businesses (SMBs) that have a versatile presence in time tracking. Click here to know more about the most effective time tracking apps that offer seamless integration with Quickbooks.

Here are the steps you need to follow to maximize the effect of QuickBooks time tracking apps.

Source:timecamp.com
  • Onboarding

You must be investing time in ensuring that your employees understand the work culture and procedures correctly.

If your budget allows, you can bring them to your office for a day and clarify their department’s responsibilities.

Provide them with the personal security logins and permissions to access the company’s resources. This foundation will brief them to start their position quickly. It is also a good idea to hold a short training session to refresh your new hires’ memories about the way Quickbooks works.

  • Design a structure for work

As a team leader, your job doesn’t end with allocating the work to your remote employees. It is much more like conversing with them about whereabouts, inquiring about dependencies, and needing any resources.

This way, they feel accountable and gives them a sense of belonging to their workplace.

QuickBooks time tracking app facilitates a holistic, collaborative platform for all its users.

By which, you and your remote team can effectively manage the project, discuss the tasks, and share documents for reviewing but, more importantly, track the time on individual tasks.

You can use them to design a workflow to help your remote employees follow up with projects.

  • Agree on deadlines

Providing the freedom of work is the most extraordinary form of trust which your employees feel relieved about. This trust, while difficult to build initially, allows your resources to work with more creative freedom and leads to the building of a happier, more positive work environment.

Indeed, scheduling the meetings and setting a deadline for them with realistic expectations to move at their own pace enables them to deliver on time. This statement is at least true for the employees that have a sense of ownership.

However, this sense of ownership is built as a result of efforts initiated from both, the employee and the employer.

Suppose some of your employees finish the work before the deadline, then, while it may seem counterintuitive, it isn’t wise to allocate more work for them on the same day instead provide them rest.

As the rule of thumb of “productivity,”- working for more hours is not equal to being productive.

To support this, When I Work, a QuickBooks integrated time tracking app tracks overtime, vacation, and leave time automatically.

Source:softwareconnect.com
  • Handle time zone differences

It is difficult for you and your remote employees who are not working in the same time zone.

So, negotiating with them on the crossover working hours best for both, even during the onboarding session, is the smartest way to handle it.

After all, you cannot expect them to be available according to your convenience. Working with remote resources may be a necessity right now, but the trend is here to stay.

Such a scenario calls for proactive actions from the side of the employers. One such action would be to set up processes that enable resources and individuals from all across the globe to collaborate seamlessly, regardless of the time zone differences between them.

This is where an integration of Quickbooks and an employee time tracking app will prove beneficial.

In fact, you can even use Quickbooks time tracking app to set each member’s local time within the app.

  • Establish effective communication

Working remotely may give a sense of isolation to your employees. As previously said, engage them with the day to day happenings in your workplace.

Small gestures like emailing them the regular progress updates, scheduling video calls with all in-office team members will make them feel like a part of your team.

Build a team spirit by organizing gatherings at least a couple of times in the year so that they can socialize with you.

An integration of Quickbooks and time tracking will allow you to find out when your employees are lacking behind, or working alone on a project for an extended period of time. If that is the case, you can ensure that special attention is being paid to them to ensure they don’t feel left out and the sense of belongingness stays alive and well inside their mind.

  • Automate Payroll Processing

Payroll processing is a labour intensive and time-consuming task. Moreover, the monotonous nature of the task means that it is dreaded by most employees that have to do it. Then there is also the problem of a human error occurring, the likeliness of which is much higher when the person doing the work would rather be doing something else.

With Quickbooks and time tracking software integration, this process can be automated almost effortlessly. This will not just save your employees from doing monotonous work, it will also enable you to use your resources for more productive tasks. At the same time, since the entire process will be done by an algorithm, you can rest assured because automation will eliminate all likelihood of a human error occurring.

Source:merchantmaverick.com

Conclusion

Managing a remote team needs a lot of motivation and commitment from both sides. By employing well-developed time tracking strategies, you can support your employees to achieve productivity. QuickBooks time tracking app tracks your business and sets you on the right path.

By automating the most monotonous processes and optimizing the productivity achieved by various processes, integration of Quickbooks with your time tracking app will prove beneficial to your business.

7 Simple Tips That Will Improve Your Workplace Communication

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Successful businesses are a direct result of good collaboration inside the company. It applies to both small family businesses and mega-corporations. If there are any communicational issues present at the workplace, your business is likely to be stagnant for a while.

Of course, identifying the problem is only the beginning. You’ll need to work hard to find adequate ways to improve workplace communication at your company.

Source:computerworld.com

As this can be a difficult task, in this article, we’ve decided to help you out by sharing some simple improvement tips!

So, without further ado, let’s get to the bottom of it!

1. Talk to your employees

There’s nobody better to help you resolve issues at your company than your average employee. They’re the ones who experience the faults of the communication system every single day. They’ve certainly noticed these issues way before anyone else did, so it’s only natural to seek their assistance when trying to resolve these problems.

So, make sure to talk to them and try brainstorming some solutions together. They’ll be happy to oblige, as their jobs will become easier once the issue is fixed, and you’ll get the increase in productivity, so it’s a win-win situation.

2. Team-building exercises

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Sometimes, the issue isn’t in the system itself, but it rather lies in the collaborative capabilities of your team. Not everyone is a born team-player, but anyone can become one if pushed in the right direction. That’s why many companies practice holding a variety of team-building exercises, helping their employees in learning how to collaborate better. Knowing each other’s strengths and weaknesses is what’s crucial for better teamwork and higher productivity levels.

So, think of some fun and practical exercises that could help your employees work as a team. It may seem like a waste of time in the beginning, but you’ll soon notice the results.

3. Give feedback and clear information

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As the company’s leader, you’re the person who sets the most important goals and objectives. So, you’ll have to convey these strategies to everyone at your company. There’s nothing more frustrating than being confused about what you’re supposed to do on your job. This is why you have to be as clear as possible when giving out tasks. Everyone should understand what their tasks for the day are.

Other than that, make sure you provide your employees with a lot of feedback. Make sure to share these observations in a constructive way, and never berate the employees for their mistakes. If they’re too afraid to ask for your advice, they won’t be able to perform well. You shouldn’t micromanage, but you have to be involved in the daily operations of your business.

So, break those communication barriers, and make your office a place where your employees feel free to share their thoughts and ideas.

4. Go digital

Investing in digital tools might be the best way to deal with communication issues in the workplace. For example, instead of holding meetings non-stop and keeping long e-mail correspondences just to get a task done, you should invest in digital signage software such as Indigo Workplace.

With this type of software, you’ll be able to make small and big announcements to all of your employees without having to hold a single meeting! Also, you’ll be able to provide your employees with constant training and educational materials.

The best part of it is that you’ll be able to do it all remotely and in no time whatsoever!

Alternatively, you can also get a VoIP system in your business for cloud-based communication. Let’s say your business is based in Vancouver. Find a local provider around Vancouver like B1 Communications to install a VoIP system into your workplace. With VoIP, you can reach out to clients and coworkers from far away countries. Pretty convenient for companies that have plenty of remote employees.

Of course, other than just digital signage, you can use many other types of software to your advantage: employee management apps, communicational platforms, and task management software!

5. Improve the HR department

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Your HR department is there to resolve conflict and keep everyone comfortable in the workspace. If your employees aren’t able to trust your HR, you’ll certainly have a lot of communication problems.

Make sure to check on your HR from time to time, and keep them updated on the company policies. If you fail to do this, your employees will probably feel unsatisfied at their job. Employee morale is one of the most crucial things when it comes to company productivity. So, ensure your HR is a place where they’ll be comfortable sharing their issues and resolving internal conflicts. Your HR representatives have to be trustworthy, patient, and well-trained on the relevant corporate policies.

6. Reach out to your shy employees

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Some people are simply too shy to share their ideas during company meetings. You can’t improve your company’s communication if you don’t include everyone, so keep an eye on those introverted employees.

You should engage them in a 1-1 conversation when they feel comfortable. Every single employee is a valuable asset to your company, so remember to approach everyone differently.

Your ultimate goal should be to create a comfortable, engaging work environment where everyone is able to showcase their talents and communicate their needs and goals. Once everyone’s on the same page, your entire company will begin to flourish.

7. Attend conferences together

If only the CEO and the upper management attend important business conferences, you’ll be missing an opportunity to improve your workplace communication! The more your employees know, the more they’ll be able to utilize for their daily tasks. In addition, attending conferences as a team can be a great way to open up communication and get to know each other. Learning more about the industry you’re all in creates space for new ideas and business development.

The bottom line

Internal communication is a crucial factor in running a successful business. Improving communication in the workplace is a lasting process: it can’t be done overnight, and there’s always room for progress.

Still, implementing digital solutions and creating a comfortable working environment for everyone is a good place to start. Your goal is to make everyone work as a team, so make sure to listen to their suggestions and ideas. A strong HR department and frequent team-building exercises can be your best assets in achieving productive business surroundings.

Why Should Companies Consider Re-screening Their Current Employees?

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HR managers are familiar with the shocking statistics that over half of all applications contain false information, and about 30% of business failures can be attributed to employee dishonesty. As a result, over 95 % of employers carry out, at least, one form of background on potential hires, and about 86% of employers carry out criminal history checks in particular.

However, many employers assume that once a person is hired, they’re good to go for years, even decades. This explains why only 39% of employees conduct secondary background checks on current employees. This is when re-screening employees come into play and is a very crucial decision in any organization.

The problem with this approach is that a pre-employment background check is only valid up to the point it was obtained. If an employee commits a crime, losses work authorization, or has their license revoked, the employer may never find out. This opens up a company for serious legal liabilities in the case of an accident, harassment, or worse. In countries like Australia, fines for employing an illegal worker that does not have adequate work-rights exceed $400,000. Workplaces avoid this fine by conducting a vevo check to see if the worker has adequate work rights in Australia, even after the person has been employed.

That’s why we’re going to explore the top four reasons companies should consider re-screening their current employees:

1. Ensuring a Safe Work Environment

Source:thealmostdone.com

It’s every employers’ responsibility to maintain a safe workplace at all times. A person with a clean record at the point of hiring might have since incurred serious criminal convictions. It may be due to a personal issue the employee is going through. However, if violence erupts in the workplace, the employer will be held responsible for failing to carry out best practices in terms of workplace safety. By re-screening employees, employers can take note of staff members that pose new risks to the work environment.

2. Protecting Client Safety

Without re-screening current employees, it’s possible for employers to unknowingly trust their business assets to individuals with a serious criminal record. In today’s digital age, business assets are usually in the form of digital data. In order to avoid security breaches and database hacks, sensitive information must be protected by the most trustworthy individual.

Source:chanesolutions.com

3. Discovering Employees that Skidded through the cracks

Sometimes, job candidates do get away with the lies they tell, maybe it’s about their education, experience, or criminal record. Without re-screening employees, there’s no way to catch such dishonest individuals. Imagine a scenario where a person lies about having a degree when they don’t and then rises to a prominent position within the company years down the line. If such information becomes public, it can tarnish the reputation of the organization. This also means that violent individuals and sex offenders may be part of the workforce.

4. Theft Prevention

Criminal history checks through a government accredited service like Australian National Character Check and credit history checks are part of the routine for job roles in the financial sphere. Imagine a candidate passes those checks at the point of entry but two years down the line is at the brink of bankruptcy either due to a vicious divorce or medical emergency. With such immense financial pressure, such an individual might succumb to theft. However, by re-screening employees, employers can get a sense of major changes in the lives of their employees and how it will affect their ability to effectively and honestly fulfil their roles.

5. Keeping updated with changes in the employee’s lives

An employee may be free of any criminal records when they were first hired. But it is not uncommon for people’s lives and situations to change. Therefore, some employers may re-screen their employee to check if their criminal history checks are free of any criminal records. Some organizations also have the policy to check their certificates or licenses on a regular basis. Other records they may want to see are the credit card report, driving records, drug testing, financial management such as gambling risk or sanction lists specific to an industry which is subjected to changes over time.

Source:sterlingcheck.com

6. Inspect someone with new responsibilities

With new responsibilities comes new challenges. Employees should be considered for re-screening when they are transferred to a different department, are promoted or are appointed to new duties and responsibilities. The main reason is as their responsibilities change, it is of vital importance to check their suitability towards that job. It could be that the employee you are planning to promote or provide extra responsibilities with is not a perfect fit for that position.

7. Employee transfer

Source:getdrawings.com

Some companies have business setups outside their country or region and need employee transfer to those branches. It is preferable to get a screening check done when an employee is moving out of the state or country for business purposes. Sometimes, an international screening needs to be done for the other country and the initial checks are not relevant. It is also common for businesses when they merge and the standards are changed.

Not only the temporary staff require a re-screening check, but there are companies which frequently re-screen their board members too as per the rule of the organization. This is done to meet the high-security standards of the company to not only recognize the internal threats associated but it is also an opportunity to identify the employees and their history. This should be made as a part of the company policy.

Conclusion

Although many employees may find this offensive and some might not even be willing to undergo one, there are explanations to support this decision. The advantages far outweigh the disadvantages. All companies should incorporate a robust re-screening practice into their HR policy. Current employees should be screened, at least, once every two years. Moreover, if an employee gets promoted or changes their job role, they should be screened to ensure that they meet the requirement for their new position. A decision as small as this can make a big difference in the company as this will ensure the employees potential to perform their duties.

How to Handle Lost Income During COVID-19

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If you are one of the millions of Americans affected by the novel coronavirus, then you’ve likely felt a large impact on your finances.

The restrictions brought about by the current pandemic have made many businesses unable to operate. As a result, many people are out of work or working reduced hours.

According to Console and Associates, P.C., employers are refusing to compensate their employees. Should this be the case, you may need to sue your employer for unpaid wages.

However, most situations are not this drastic. Instead, you’re likely facing reduced hours. This is still incredibly challenging, especially if money was already tight.

Source:hindustantimes.com

Fortunately, there re several ways to make up for lost income during COVID-19. We’ll go over a few useful suggestions for this below.

Reduce Expenses

A good starting point is to reduce unnecessary expenses.

When it comes to fitting a budget, you must control your cash flow. This requires adjusting either where your money goes or how much goes in. The easier choice is to change how much you’re spending each month.

Many things you pay for likely aren’t essential. Your necessary expenses include things like rent, utilities, and groceries. Anything else isn’t required for survival.

Expenses that aren’t essential can be considered luxuries. This includes costs like cable, frequent takeout, and new clothes. Chances are, you’re likely paying for several extra things each month that can quickly add up to hundreds or even thousands.

While luxuries certainly add enjoyment to your life, they are expensive and serve as a good elimination if you’re struggling to make ends meet. Take some time and look at where your funds go to see if there’s anything you can comfortably cut.

File for Unemployment

If you are unable to find work, you should file for unemployment.

This is arguably the most important tip here because the government is an excellent source of assistance right now. Typically, filing for unemployment is fairly difficult and many are rejected.

However, coronavirus has greatly shifted things and now most Americans are eligible for unemployment due to relaxed requirements. Even better, the money provided during the current pandemic may be higher than what you would’ve earned normally.

If you’re eligible for unemployment, you’ll receive the standard state amount and up to $600 because of COVID-19 every week. Across a whole month, unemployment benefits are significant and can easily cover all of your expenses.

One thing that’s important to note is that how much you receive will depend on how much you work. You can still receive unemployment while working reduced hours, but you will receive less in unemployment.

Considering this, you should take advantage of unemployment to help you through coronavirus for as long as it lasts.

Consider Freelance Work

Source:jamiemillerrecruitment.com

Another good choice is to consider freelance work for extra income.

While your regular job may no longer be available, that doesn’t mean you can’t do other work. In particular, you can work from home by doing freelance projects.

If you have a valuable skill like programming, graphic design, writing, or marketing, thousands of businesses and clients online need good work done. You can complete projects for them and earn money while not being directly employed for them.

You can think of freelancing as similar to selling a product to someone, except in this case you’re selling your services. It doesn’t have a formal process to initiate and anyone can get started!

Something to keep in mind is that freelancing is not necessarily easy money. It requires hard work, commitment, and discipline to complete projects without oversight. If you can manage it, you’ll have a nice source of extra income during the pandemic.

Ask for Creditor Assistance

Source:matrix-support.com

You can also ask your creditors and lenders for payment assistance.

One silver lining to coronavirus is that many financial institutions are becoming more understanding about payments. The biggest indicator of this was the federal tax filing deadline being pushed back by three months.

Other businesses are following suit. This includes credit card companies, mortgage companies, and student loan providers.

While some companies are automatically offering assistance in the form of eliminating late fees and reducing minimum payments, you may not be benefiting from this. You should reach out to your creditors and let them know your situation.

Realistically, most lenders will be understanding because COVID-19 is unprecedented. It has a severe financial impact on everyone and it’s unreasonable for creditors to expect prompt payment with all things considered.

When you speak to them on a personal level, they may be able to help you out. You may be able to refinance a mortgage or pause credit card and student loan payments.

Seek External Help

A final suggestion is to not be afraid of seeking external help.

Many people are proud and don’t feel good about asking others for money. Unfortunately, times are dire and without easy ways to make money, you may have less flexibility than you’d like.

While you may not be financially flush, plenty of others are thriving. In particular, several relief funds have been created to help specific groups like small businesses and artists.

While federal and community relief are two good options, you should also look locally. Specifically, you should reach out to friends and family members that you know can help.

You might be surprised by the generosity of others. Considering that nobody has experienced a pandemic like what we’re seeing today, it’s a way to come closer despite currently needing social distance.

Closing Thoughts

Source:binomialconsulting.com

Because coronavirus has halted many businesses, you may find yourself working reduced hours or none at all. This is surely terrifying because you have bills to pay and finding a new job isn’t easy right now.

With this in mind, there are a few things you can do about lost income. You can reduce your expenses, file for unemployment, consider freelance work, ask for creditor assistance, and seek external help.

Ideally, you’ll take advantage of multiple financial strategies. While your options for work are limited, you can still survive during COVID-19 by being resourceful.

Corporate Gifts Help Take Care of Your Employees

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The downturn is here and like it or not, and this seems like it has come to stay for some time. Most of the company’s worldwide are struggling in making sure they are meeting their business objectives and are retrenching workers. What these companies are doing is that they are wishing to achieve less, which places a tremendous strain on employees still working for the company.

Therefore, to ensure that these employees are keen on their performance and are staying motivated to perform at their best, you will need to give them some rewards.  Although it is good achieving more with less, it is essential as well letting these fewer employees know how crucial they are to your business plan and success despite the troubled times.

By running incentive programs, this could not be the answer in the current situations as employees are not only in search of money. All you need to do is reward these employees with some good corporate gifts that are useful to them, and they can proudly show to their friends and family.

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By doing this, you will help in the generation of positive mind within the employee rubbing off on the others resulting in better teamwork that leads to high productivity. These also serve as a demonstration at the employees of the company’s spurs and gratitude which matter.

In these times, making do with a few well-trained employees is always a big necessity and challenge. Therefore, this type of gifts will sooth balm in terms of appreciation of the employees as well as conveying to them that the company cares and these troubled times will be a walkover both for the employee and the company to come out more durable with a lot of experience.

Additionally, these gifts provide a personal touch to the workers, making them feel that they wanted. While some awards are mainly meant for outdoor workers and the salespeople, there are certainly other products that when displayed on the employee’s desk could offer great positivity to them whenever they have a look at them making them feel they have achieved something.

When it comes to choosing corporate gifts for the company’s workers, this is usually of great importance. It would be best if you wanted something that is of both values as well as utility. While employee thank you gifts need not be that expensive, they need to be something that the workers could show off with pride and confidence to friends and family.

Trendy colours and attractively designed and sound quality are the key things that you need considering while purchasing the various gifts. You can get some of the best picks for workers thank you gifts at Bonnage.

And as far as the company is concerned, giving giveaways that have the logos printed on them could ensure high awareness and publicity among all those who come into contact with the gift. Some of these popular corporate gifts include;

  • Clocks

Clocks are among the popular executive gifts there are many ideas of watches that you can reward with your employees. From the traditional desk clock that is made from traditional crystal, the contemporary metal ones or the wooden versions. There are also themed clocks that are available in all shapes for different sports lovers.

These clocks could be customized with custom messages. Most of these clocks are usually designers to sit on the desk but also it is possible finding the versions that could hang on the walls.

  • Corporate Wall Plaques

These are the best ways of showing appreciation for a job well done to your workers, a company’s milestone or more. These kinds of tokens could be customized for your company, and the recipient’s photo could be included. These wall plaques do exist in various styles. We have the recycled dollar bills, framed medallions, traditional plaques engraved with metal plates, newspapers and even unique versions made out of materials like stones. These kinds of awards could be displayed on walls and for employees that work in cubicles could have they presented in front of their desk.

  • Certificate Frames

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Among the popular useful tokens that you can reward workers with are the certificate frames. These could vary from the acrylic, wood, leatherette, paper or linen. These frames are usually an excellent way of showing your gratitude to your workers for everything they have done from completing their training programs to smaller work anniversaries. These gifts are relatively inexpensive but could be customized with personalized certificates that you could print yourself.

  • Engraved or imprinted pens

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Of all the corporate executive gifts, a pen is one of the most useful. Pens could range from the inexpensive imprinted versions that are usually given to clients and new hires to the engraved pens that are typically saved for some particular office occasions. It is possible fining more classy stationery with a pen that has a clock, set s that have pen and business card holder, pen and wristwatch combinations. No matter the one that you make your choice of, make sure you are selecting models that are useful and personalized to the recipients so that they know you made your choice of gift thoughtfully.

Conclusion

Whether you are celebrating you big company’s milestone like the 10th, 20th or 30th anniversary, or you need appreciating workers for a job well done or retirements, corporate executive gifts could be one easy way of showing your gratitude. Appreciation of the workers for a job well done or any achievement in the company, could boost your general productivity and hence increase profits that grow your business brand.

Therefore, all you need is showing your workers that you do care for them by getting them a nice gift. The truth is that most workers will never quit a job because of a bad boss. Also, workers will never leave a job because they are overworked or underpaid. Somewhat, most of the employees will quit the job when they feel that their efforts are not appreciated, and they are undervalued. Therefore, with the creative employee thank you gifts, this helps in remedying the situation.

Background Checks – Things You Can Learn

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Searching for employees has taken on a whole new level. It has always been important for companies to obtain the best service in order to please their clients. However, as technology began to blossom day by day and brought daylight with all its more-than-useful features, employers came up with the idea of paying more attention to details and tighten the criteria under which they choose who is going to work for them. Understandable? Sure.

However, what may still be unfamiliar to many people is that they are sometimes investigated far beyond what they initially thought. Background checks are now carried out on a regular basis, with the aim of improving the quality of assistance offered and avoiding unpleasant situations with employees that can result in many rather unsatisfactory things which can sometimes lead to a significant escalation, a job failure or other serious problems.

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All this is supported by the fact that nowadays there are various countries’ resident’s databases on the Internet that are basically accessible to everybody and through which even the smallest details about someone can be easily tracked.

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  • First of all, we get to know the most basic information about the person: their name, surname, home address, phone number and other kinds of essential details which lead to deeper investigation; this also includes marital status, age, and other crucial elements.
  • The second and one of the most important elements that interest every employer who cares about choosing the right employee is the education side. Sometimes even the management positions are occupied by people with questionable diplomas, therefore a security screening like this can by no means be considered a fad, but a necessary precaution in doing business in a market fraught with challenges and risks of personal nature.
  • One of the key phrases is also a check which consists of details regarding the previous job positions and the periods of time spent with previous employers, performance or recommendations. In doing so, employers implement some kind of verification of the credibility of the information given in the curriculum vitae as well as the verification of the documents submitted. This kind of security check aims to discover the possible characteristics of the candidate that may jeopardize or harass the employer in the future which also includes the company itself, its reputation, its assets, but also its safety and productivity of the rest of the team. In other words, background check drives at identifying the security interference of an individual candidate that could endanger the organization in any way.
  • Except for former job details, in some cases, it’s absolutely substantial to make sure that the candidate didn’t have any incidents regarding criminal acts and similar experiences. Depending on the position, a background check should show if the applicant had permits for weapons, any civil or arrest records; if all the taxes were paid respectively and if he or she looks like a decent resident and if there are assurances that no criminal proceedings or investigations are being conducted against the person.
  • In addition to general, administrative and operational procedures and measures, background check also includes searches of publicly available information, which means that the future employee’s media, social or business networks on the Internet, publications, articles, and similar content can represent interesting and intriguing means of finding out more.
  • In some cases, it’s necessary to make sure that the candidate has a driving license if the job propositions require it.

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