Workplace safety is the most important subject on the minds of a many employers. In the entire process of my working day I am constantly searching for safety infringements, specifically while conducting my own everyday jobs. My day to day life can lead me through all manners of business forms and variety. A day never ends without encountering some sort of safety violation. This may seem less important however, work related security and safety is as important as the business or job itself.
Listed below are the top five guidelines that are essential in helping you plan out a business or warehouse in the verge of ensuring that safety and security of the workers is met at all times. Some of the listed examples may seem long-standing however there are still other new ones that will help you alleviate the rate of injuries and accidents.
1. Recognize your risks by revisiting loss run data
The initial step is factoring in how to remain safe and figure out where the risks originate from. By revisiting your work comp claims history, you will be better placed to point out any instances of accident episodes. Go beyond just fact finding on six months of the stored data but extend two to three years down the line. For example the presence of machineries that have been there for generations should raise eye brows. This is why even going down to 5 years of fact finding data and any information to simply unearthing tendencies that extends beyond others. This could be machinery accidents, forms of injuries like lifting or falling or alternatively different departments that have common injuries than the others. Irrespective of any factor, data collection is most paramount.
2. Scrutinize the danger by job categorization
After sorting out the data, all you need to do is to set up the means to arrive at safe ways to operate. For instance there are types of work that may lead to more accidents as compared to others. This is like when you compare the work of a welder to an accountant. The welders work is much more risky. Therefore, collecting data and information requires classification and grouping of definite jobs and tasks undertaken. This will make the work of reducing workplace accidents easy.
3. Put into action hand/finger safety necessities
For some reason, there are countless number of employees who transform the machineries just after purchasing. This may be in the mission of customizing these machineries to suit their needs and desires. For instance guards are detached, auto shutoff buttons are masked, belts and engines are uncovered and many more. The hand is one of the common organs susceptible to accidents as a result of handling the machines without protective gears. This is the ultimate reason why many people lose fingers, hands or end up with lacerations, arm amputations and limbs caught up in machines running or revolving fast. Surprisingly, managers and employers are mostly never aware of the modifications mounted on the machines until accidents occurs.
4. Eye injury safety programs
The eye also suffers common accidents which include being the center of the effect of flying or dropping debris. In fact, these are some of the injuries that can be prevented for instance by putting on safety glasses that are no longer large or heavy. Moreover companies and organizations need to come up with means to point out heat, chemicals, dusts and floating particles, radiation, welding flashes and much more set up areas that are safe and further adhere to compulsory eye protection guidelines. It is also important to offer employees the best out of safety awareness.
5. Slips, stumble, and falls
There are injuries that are hard to point out however a hands-on person will inspect decisively and be in a position to scrutinize the flooring, steps, railings, ladders and stools which would lead to a reduction in injury incidences. The nature of footwear also matters where employees should be sensitized in wearing shoes that do not increase the rate of slipping and falling. Ensuring that floors are always clean and dry is also essential.
Above all, safety is the number one aspect of the entire workers compensation management program.
SMSF is the acronym for self managed super fund. If you have invested in a SMSF, you may be wishing that there was something that you could do to put that money to work in a real estate investment. The rules that govern SMSFs now allow investors to borrow money against the SMSF and use it to buy an asset such as a commercial, residential, rural or retail property. You can now borrow anywhere from sixty to seventy five percent of the value of property you want to buy depending on the lender and type of property. It is essential to note that borrowing through your SMSF only allows you to purchase investment properties and you therefore cannot move into the property you bought.
This is how the process works:
- You get an attorney who establishes a property trust that is outside your SMSF.
- You locate a property, make a deposit and lend the remaining amount through your SMSF.
- The trustee of the property will buy it and be recognized as the legal owner.
- The trustee offers your lender a property mortgage.
- The rent collected from the property is paid into your self managed super fund.
- You repay the loan through your self managed super fund.
- Your SMSF is the property’s beneficiary.
There are many advantages of borrowing through your SMSF. One is that it allows you to leverage an asset. It also allows you to diversify your investments from managed funds or shares. After holding the property for a period of more than twelve months, you earn ten percent in capital gains.
There are certain things that you need to consider when thinking of borrowing through your SMSF. First, consider if you earn enough money that can allow you to repay the loan. The lender will determine the property’s value and if the rental income and other contributions you make are adequate to pay off the loan. You should also consider if your SMSF permits this kind of borrowing. Ensure that your trust deeds allow for this and have your attorney check this out. Another thing to consider is whether borrowing from your SMSF works with your investment strategy. Discuss this with your financial adviser.
Purchasing a property through your SMSF enables you to engage actively with managing your money and be able to retire with a reliable and tangible investment. When you buy a property through your SMSF, you are joining other investors who are able to retire earlier and richer.
SMSF home loans have many tax benefits and the lender cannot access any other assets within your SMSF. Real estate always tends to increase in value and it is therefore a good idea to invest in it. Even though this strategy is attractive, you should note that there are some risks involved. It is important that you be aware of the requirements under the state, federal, trustee and SIS Acts in order to avoid penalties.
Another risk associated with borrowing through your SMSF to invest in property is that the investment may perform lower than you expected. The loan may also become too expensive to repay. In such a case, you may have to reverse the strategy.
Customer engagement is a concept which gives a lot of importance to the fact of a valuable relationship between the customer and the brand. The impetus of this idea is for the customers and the company to feel that both are in a situation of mutual advantage in that relationship. Achieving this goal through a proper communication to your customers is called customer engagement.
The concept of customer engagement has been here for many years, but this new impetus to it, comes from the facts that there are several things that are fitting together to support this concept:
- As there is so much choice that is available to customers, they are easily getting diverted and thus resulting in less customer loyalty. Also, it makes it tough in starting a relationship with a customer.
- With the advent of new technologies in communication, the expectations of the customers from the company to communicate in an innovative and effective manner, has also increased.
- Also there is an increase in the number of people accessing interactive mediums like internet to communicate and understand a company.
- With the advent of internet customer engagement and digital loyalty are the new challenges that are faced by companies.
- ECommerce has been already big but is getting even bigger.
Customer Engagement for Small Business Owners
Now companies want to reach their customers in a smart and effective manner. This is especially true with small businesses. A survey was done by Constant Contact, Inc., which shows what small business owners believed in:
- 60% of the times in online survey tools to engage with their customers.
- 56% of the times they trusted various tracking systems of frequent shopper.
- The use of customer relationship management system was 46%.
- E-mail marketing was trusted by 45% of the business owners that were surveyed.
- 38% believed in the use of contact management tools.
Getting the Attention of Customers
For small business owners the best technological ways which seemed as most effective in attracting new customers were in some ways surprising:
- Daily deals were chosen by 53%.
- Internet Ads were selected by 51%.
- Web listing sites were preferred by 38% of the respondents.
- Social media ads were preferred by 37% of the small businesses surveyed.
- Online coupons were the choice of 29% small business owners.
The surprising part of this survey was the result that most of the small business owners want to use ‘Daily Deals’ as their most preferred way of making the first impression on their customers. “Deals can be a powerful tool, but perhaps more than any other tool, they need to be done right or they can be highly detrimental to a small business owner.” – said Dave Gilbertson, vice president and general manager at Constant Contact.
The Crossroads of Marketing
Also, important for small business owners, was the generation of interaction between their new customers and old customers to increase brand loyalty. When they were asked which method they preferred most for letting their old customers interact with new customers, their answer was:
- Websites for 77%.
- Blogs for 69%.
- Social Media for 60%.
- Video hosting web sites for 59%.
- Tools of event managements for 52%.
- Email marketing for 50%.
Some Statistics to Emphasize the Use of Customer Engagement
With the advent of social media in the internet, the way various companies interacted with their customers have also changed and there is data to support how this is too important to ignore:
- Firms that interact with their consumers via social media have more loyal customers. Reports suggest that 20-40% extra spending is seen on that company’s products from customers who interact with them online.
- 70% of the Americans are ready to spend 13% more on an average over the products of a company who they feel are providing good customer service. Thus your customer engagement skills are very important for the long run.
Remember that having good customer engagement will create a two way street for you and your customers. Customers will feel that they are being heard by the company and they are important to you. But, you will also get free, unbiased, quality feedback from them, thus helping improve your product and customer base.
As the impact of digital communication is increasing on the decision making of consumers. Customer engagement and digital loyalty will turn in a different way in coming years. We may see the decline in the reliance of techniques that are used for customer creation and more emphasis on the techniques which put more importance on satisfying existing customers.
Due to inadequate income and persistent financial demand, people acquire financial loans to address their financial needs hence a debt. Recurrent of the same or other needs or unexpected income decline may lead to inability to repay the debt as planned with the creditors. This leads to acquisition for another loan from a different creditor. If borrowing persists, eventually the debtor has a huge debt owed to several creditors that they are unable to repay. In such a case, the debtor opts for debt consolidation or bankruptcy plans to settle their debt.
Bankruptcy is the legal act through a court order, initiated by the debtor, which declares that the debtor is unable to pay all the debts they owe to their creditors. This prevents the creditors from accessing the debtor’s finances for some period depending on the state terms. During this period the debtor can reorganize himself or herself financially hence by the time the bankruptcy period elapse, they may be able to pay all debts amicably.
On the other hand, debt consolidation is the debtor initiative to acquire a big loan that is sufficient to pay all the debts owed to the creditors. The debtor uses the new loan to offset the old debts. The debtor does this by contacting the firms providing debt consolidation service to act as mediator between the debtor and the creditor. The provider in most cases contacts the creditors and negotiates for reduced repayment rates to enable them pay the debt on behalf of the debtors. Alternatively, the debtors can acquire the money themselves and clear the old debts. The debtor now has a new debt and creditor. In other words, debt consolidation is like renewing the debts.
The question to which between the debt consolidation or bankruptcy is better troubles many debtors. Mostly, many people recommend debt consolidation to be a better method than bankruptcy as follows. In debt consolidation, the agreement is confidential between the debtor and the service provider. This makes the financial status of the debtor hidden from employer as well as potential employers and creditors since it does not appear in their credit reports. The debtor is therefore able to acquire other loans without a claim of credit unworthiness later since no prove of credit unworthiness in their credit reports. This method is suitable if the new loan has lower interest rates than the individual debts. However, it only works with unsecured loan hence no use in secured loans like mortgage.
Bankruptcy has advantage that the debtor is free to operate in debts without pressure from the creditors. However, there are so many limitation associated with this plan. First, the plan is public and appears in the debtors credit reports for up to 10 years. This limits the debtor from accessing loans even after clearing the debts. Some bankruptcy application might involve confiscation of an asset hence loss of valuables. Bankruptcy affects the debtor’s financial borrowing and chances are that the debtor may not be able to apply for any credit in future. Furthermore, not all debts are liable to bankruptcy offset. Debts like student loans, child and spouse support and back taxes are some debts debtors cannot offset through bankruptcy. Therefore, it is advisable to avoid application of bankruptcy as a means of debt settlement. Instead, consider debt consolidation for a secure financial future.
The Australian Securities and Investments Commission launched a website in 2011 called MoneySmart where they gathered money related information you can trust.
All around the world, various businesses are taking more and more stringent steps to make sure that they bring down their operation costs to a minimum. This is in an effort to maximize on profits and in the worst case scenario, to stay afloat in this roller coaster economy. Although there are still many people who may not have heard of it, print management is one such stringent measure that many businesses have started to incorporate in their day to day running. Below are some great examples of managed print services that you can use for your business to save money.
Colour VS Black & White Volumes
One of the best ways to save money for your business is in knowing and controlling the volumes of the colour or black & white prints. It is obvious that colour prints cost much more than the black and white prints. If you want to reduce how much you are using on printing therefore you will have to reduce the amount of colour prints that you are making. Use colour only where it is absolutely necessary as coloured cartridges cost more than the black ink cartridges.
Create Printing Protocol & Behavior among Employees
Depending on what type of task it is that has to be printed, some machines will be more cost effective for the tasks than others. Cost effectiveness is achieved by the time and energy consumption as well as ink requirements. For example, a task that requires a hundred page print will be more cost effective when handled by a big multipurpose printer rather than the small printers. You therefore have to make clear guidelines or policies for all the employees to know about their printing tasks. For example, you could have printers assigned to tasks according to printing volumes. If an employee needs to print 3 pages he would go to this machine, 20 to that one and so on and so forth. This will save both time and money.
Educate Employees on Paperless Workflow
One of the biggest mistakes a lot of businesses make is printing almost everything that they have to communicate. In this day and age there are many other options that employees can use like email to avoid printing communications. This will cut down on the energy consumed by printers as well as paper and printing ink used for the job. These add up to great sums saved at the end of the month bringing down your costs.
Turning off Devices not in Use
This may seem to be very common knowledge but a lot of businesses are still not implementing it. When a device is not in use or is not used too often, it will save you money spent on energy consumption. This may not seem like a lot of money but at the end of a business quarter or year you will notice just how it all makes cents.
Sometimes the job is just too costly to be done in-house. It would be cheaper for you to outsource this job to a local printer instead of handling the printing costs by yourself.