When you are an employer, you always have to be thinking of ways to help your workers stay motivated and productive. When people begin to dread going to work, it's time for the employer to reassess the situation and figure out how to turn things around. There are some ways that you can work with your employees to help them be more productive.
First rule: Have definite goals for your business and make sure your employees know and understand them. If you have big plans and aren't afraid to dream, your staff members will follow you to the ends of the earth. This is because when leaders dream big, people following behind are inspired to do the same. They begin to think outside the box and work is no longer drudgery, but something to look forward to. As their leader, don't be afraid to stand up for your goals and ideas.
Another thing you need to do is encourage uk investment communication and openness with your employees. Too often, workers are intimidated by their employers and things go unsettled and unresolved. This leaves people feeling restless, depressed and burned out. Therefore, you should always keep your office door open to let your employees feel they are welcome. When they realize that you really care about their opinions, they will share more and you will have a better understanding of their lives as well. This develops relationships that can help a company thrive.
Encourage your employees to work together. Teamwork also promotes morale because no one feels that they are alone. When people realize that their skills are unique and needed for the overall welfare of the company, they will feel wanted and needed. This will improve motivation and productivity very quickly.
You can also help your employees be more productive by implementing the technology to improve their work performance. For example, with mobile enterprise application platform, your staff members will be able to access corporate information technology systems and services on-the-go and complete work tasks with greater immediacy and efficiency. You will also have the ability to maintain control of such internal mobile applications used by your employees and ensure that your mobile IT infrastructure is secure and scalable. Having mobile application platform management capabilities is critical for your employees to effectively complete business tasks in an easy and efficient way regardless of the mobile devices they choose.
Your office workers, in turn, will be able to communicate with customers, coworkers, and sales teams to get their work done quicker and more precisely. Having the ability to access and transmit information via their mobile devices will give them the potential to be more productive. In addition, making the platform barriers disappear will ebable your employees to communicate better with the management and with each other.
Another way to increase productivity is to make certain that the work areas are clean and organized. If there is a mess around the work areas, people are not able to find things and it will take them longer to do their usual job. Maintain good health practices to help avoid sickness. You should also think about painting the walls or even redecorating from time to time. Remember that work conditions have a great influence on the employees' productivity!.
Rewards and especially unexpected rewards are also a great way to increase the employees productivity. It has been proven that efficiency increases when workers are rewarded. While financial incentives are most appreciated, verbal affirmation can help too. Being aware of what your staff members are working on and accomplishing can help you know when they need a pat on the back or a bonus. Knowing that their work is appreciated and noticed will help them be more productive and efficient.
It is only natural that your employees' motivation decreases from time to time. As their employer, you have the ability to pull your staff members up and give them motivation again. Once they realize that they have purpose in the company and are given the tools to succeed, the morale and productivity will increase.
Accounts Receivable Financing Will Involve A Firm Selling Debtors For Fast Transaction But For Much Less To Book Cost
February 21, 2011 at 6:14 pm Â· Filed under Finance Tips
Accounts receivable financing (ARF) is specialized short term commercial funding most often used by small and medium sized businesses. Perhaps the two most common forms of ARF are invoice factoring and receivables loans. This note will concentrate on factoring.
Receivables factoring is also called invoice factoring. It is a type of asset securitization. From a legal standpoint, the operating business sells its invoice financing to the factoring firm. They are owned by the factoring firm, although from a business perspective that is not visible to customers. The business continues operating as normal, including completing the collection of the receivables.
The sale transaction proceeds at a price discounted below the nominal receivables value recorded in the financial books of the trading business. The trading business selling its receivables receives an immediate payment. That immediate disbursement is only a portion of the total value agreed for the receivables. Further payments will be made by the invoice discounter as the receivables are collected.
The price received by the trading business for its receivables is dependent on a range of variables. These include the average size and age of the outstanding invoices (or accounts receivable balance), the number of customers, their creditworthiness, and the average length of the normal payment cycle. The weighting placed in each of these varies from financier to financier.
A distinction exists between accounts receivable factoring and accounts receivable loans. The distinction hangs on ownership of the underlying receivables asset. An accounts receivable loan involves ownership of the receivables remaining with the business. An accounts receivable factoring transaction involves ownership of the receivables being assigned to the factoring firm.
Factor firms generally offer two alternatives regarding the risk of debtor default. These two transaction structures are known as non-recourse factoring and without appeal factoring. Non-recourse factoring involves the factor firm assuming all risk of non-payment by debtors and it has no recourse back to the trading business if non-payment occurs. By contrast, without appeal factoring involves all risk of debtor default remaining with the trading business; the cost of any non-payment is pushed back by the factor firm to the trading business and it has no appeal against that cost.
In a factoring context, the efficient collection of outstanding amounts from debtors is a critical task. It is an ongoing concern for the trading business keen to maintain a harmonious relationship with customers. If the trading business sells its receivables on a non-recourse basis, over-aggressive collection tactics by the factor firm may result in the loss of customers. For this reason, a trading business may choose to conduct the transaction without appeal.
The accounts receivable financing industry is large. Some estimates place the value of invoice factoring transactions in the USA market at more than $150 billion per annum. Factor firms or invoice discounters offer to buy the invoices of a business for a discount of 10 to 40 percent on a non-recourse basis that means it is assuming full risk of non-payment. In addition to the discount, the trading business is also charged an ongoing periodic fee (usually monthly) during the life of the transaction and an interest cost based on the sum initially advanced by the factor firm to its customer.