• How Should An Employer Respond to Employee Theft?
    Health And Wellness Careers

    How Should An Employer Respond to Employee Theft?

    Responding to Employee Theft

    To best protect its interests, a company that suspects that particular of their employees is stealing should immediately consult the company’s attorney for advice. Typically, the attorney will advise the employer to consider steps including the following:

    Commence the Investigation Promptly:

    A small business proprietor should initiate the investigation of the purported theft by staff immediately. This prevents the employer from running afoul of criminal and civil statutes of limitation.

    Place a Third-party Employee in Charge of the Investigation:

    A management employee besides the supervisor who first observed or reported the theft should perform the investigation. This avoids the taint of bias a more involved player will bring on the investigation. Also, the employer should interview the accused in the presence of the witness.

    Maintain Strict Confidentiality:

    Maintaining strict confidentiality through the entire investigation is essential. Failure to do something discretely in handling a staff theft can subject the business to defamation claims through the accused employee.

    Document the Investigation:

    It is also crucial that you document all interviews when investigating the claimed theft. The employer should gather evidence that sufficiently assures the theft from the company occurred and was committed through the employee. This evidence is going to be beneficial in several areas: in furthering a criminal or civil prosecution in the accused, in collecting from an insurance company if the business is insured against employee theft, as well as in defending against a potential wrongful discharge action up against the employer.

    Notify the Bonding Company or Insurance Company:

    If the organization looks after a fiduciary bond or employee dishonesty insurance, then the business must notify the bonding company or insurance company immediately upon finding out about the loss.

    Notify the Authorities:

    The employer may want to file criminal charges up against the former employee. If the business files a criminal complaint, an investigation by the police and other government agents would occur. If the prosecutor decides to pursue true, the employer can seek restitution through a criminal proceeding and never have to file a civil action. Regardless of whether criminal action is maintained, the employer should consider filing a civil action up against the former employee to recoup the value of the stolen items.

    Preventing Employee Theft

    To proactively help your small business owner control employee theft, legal counsel will counsel small company owners as to what is permissible beneath the law. Several deterrent …

  • How to Build a Repeatable, Paint-by-Numbers Outsourcing System?
    Corporate Wellness Jobs,  Wellness Corporate Solutions

    How to Build a Repeatable, Paint-by-Numbers Outsourcing System?

    If you are a private business owner at all like me, you know how important it is to have documented, repeatable systems in place, whenever we can, to deal with day-to-day business tasks inside your operations.

    Without systems, your business can not operate at its full risk of efficiency and effectiveness.

    One area that has been ever more popular and vital that you systematize belongs to managing your outsourced projects and providers.

    If you aren’t informed about utilizing outsourcing inside your small company, its basically the technique of “farming out” different time-consuming tasks or one-time special projects with an outside provider, someplace possibly at a pay-rate providing you with the maximum advantage of the small business owner.

    There are some different steps that you would like to follow along with because you begin outsourcing:

    – The first item we will check out is how to prioritize projects which make you the most money. You always need to choose tasks that first would need the most hours of their time and after that outsource those. You’re immediately removing yourself through the equation. You can have people do time-intensive tasks that may give you additional time to concentrate on more essential things.

    – Your next wish to choose projects that may immediately enhance your reach. By reach I mean, adding a new product or product line, boosting your marketing, etc., things that will bring your small business out in front of more individuals who are apt to buy.

    – You have to take yourself out in the day-to-day activities connected with your organization to help you focus on items that build your organization and grow your small business for the future.

    – Next, you desire to systematize your outsource training. Sometimes you need to go through two to three visitors to hire a company you wish to do a particular task. You might need to record a screen capture video that shows exactly what you are looking for.

    You’re creating a module you could send to future outsourcers so that you don’t have to repeat yourself. You desire to build step-by-step videos; you will need to upload these phones website hosts to add all of the success with a website, as opposed to needing to send forward and backward those large video files through YouSendIt or FTP files, you usually would like it to be flash-based over a website somewhere.

    – You …

  • A Small Business Financial Checklist to Be Profitable
    Corporate Wellness Programs

    A Small Business Financial Checklist to Be Profitable

    Tracking nine critical financials of your respective retail company is an important section of reaching your goals and succeeding. It is important to track these numbers at the very least monthly so that you can adjust your priorities, strategies, and plans accordingly. Taking control of your business will show you the success you desire. This financial control can reduce stress since it gives you knowledge and knowledge is powerful.

    With this knowledge, you should have the power to produce sound business decisions. You cannot improve everything you usually do not measure and you cannot hit a target which includes not been set. Every market has its challenges and you can succeed with your market by setting clearly defined targets, making plans going to those targets, and taking daily meaningful actions towards your targets. However, without measuring critical financials how does one determine you are well on the correct track?

    This critical financial checklist is basic, yet many smaller retailers tend not to track them regularly or whatsoever. Waiting until the end of the fiscal year to check out these might end up being too much time and can mean you missed out on the ability to reach your goals or worse to suffer profit losses. Another issue is not tracking these numbers is that you simply might change something which was helping. The expression measure twice, cut once applies here. How can you determine what to reduce or what you should add should you usually do not know where you stand strong and your location weak? Build a spreadsheet and track these numbers every month.

    Critical Financials Checklist:

    Gross margin (also referred to as Gross Profit): Income minus direct costs. Indicator of profit or loss trend.

    Net Income (also called Net Profit):

    Revenue minus all expenses and taxes. Indicates if you are profitable or otherwise.

    Overhead to Sales Ratio:

    Overhead costs like a percentage of one’s income. An upward trend could mean you might be headed for trouble. If you just moved or dedicated to a whole new building it’ll be high initially but should trend back.

    Wages to Sales Ratio:

    Total wages like a percentage of your respective income. Hiring seasonal staff is likely to make this climb temporarily but should trend back if you hired the right team to increase sales.

    Quick Cash Ratio:

    Cash plus accounts receivable divided by accounts payable. Very dangerous when it trends down. …

  • A Lesson in Business, Big or Small!
    Corporate Wellness Jobs

    A Lesson in Business, Big or Small!

    As a little daughter business owner, there are a variety of lessons to become learned and several will be more valuable than these. However, some lessons are hard to learn and require tough decisions. The Pro is basically that you practice a good lesson to handle forward when you make your successful business, nevertheless, the Con that the lesson comes at the cost of getting to fireplace someone, let someone go or advise a company you no longer need their services.

    In this particular example, we were required to cut ties with an organization that has been providing us having a service. You see, a hugely overlooked part of the business that customers may forget, or fail to consider, is the fact that businesses need to hire other businesses every so often to carry out a service. It’s during these moments where one can truly put your customer service to the test against a business that you simply hired and see that you compare well. However, we quickly found that few people put identical effort into providing excellent customer care.

    Here is an example

    For the past five months, I hired and still have worked with what I believed being the very best company in this company’s particular field. However, I didn’t follow my rules! Rather than get testimonials, perform my homework, I wear my blinders and hired the business according to only 1 checklist item. I had ranked any particular one item higher as opposed to runners because I watched it had the quickest and many affordable paths to help both our business and our important thing. Looking back, I’d like to blame it around the proven fact that we had been still such a company on the shoestring budget, but I still need to have applied my own, personal rules that I advise others to look at. As I result, I didn’t necessarily give the price, but I learned another valuable lesson about customer service.

    You see, the corporation I hired made every one of these promises and set all these lofty goals, which undoubtedly, got me excited at the same time. The timeline for those goals came and went when I questioned why we didn’t accomplish those goals and I stayed without a penny but excuses and a lapse in memory from the supplier. They claimed to never remember making those promises and informed me my expectations …

  • There is a Huge Lack of Support From Small Business Owners in the USA
    Corporate Wellness Jobs

    There is a Huge Lack of Support From Small Business Owners in the USA

    In part 1, we just mentioned China is a new and possible market. By no means is China the only real market with a large consumer base.

    Of course, each product possesses its market, but few smaller businesses look beyond their particular local environment.

    As an American business, you have one major edge on your main international competitors (which there are numerous). Your advantage? Reputation. In every country that I have visited, I always hear the identical remarks – Americans are quality-oriented in manufacturing as well as in service. It is for this very reason America still enjoys a commanding lead in manufacturing plus a huge trade SURPLUS within the Services industry around the world.

    Today’s American businesses are experiencing a reputation built over many generations before them. When asking foreign buyers “Which countries do you trust more in terms of business deals?” almost all said “The US” But there should be a pace of “give & take”.

    If you are able and ready to lower returns and assume some inherent risk related to international business, then lasting benefits might be far larger than remaining with a narrow subscriber base.

    There are two common ways of entering the international market world.

    First, just begin with both feet. Use the internet to locate buyers in other countries who are seeking products and services like yours and attempt to strike a deal. Spend time and money advertising on a single or a lot of the many B2B sites. Travel to trade events in various countries.- A few (very, hardly any) have become successful like this.

    Second, pay attention to your company. Is it fitted to the needs and tastes of international customers? Are you able to handle additional tasks and employee additional qualified staffing to help you out? Can your company accept a certain level of risk?- If not, international clients are not to suit your needs. If yes to everyone these questions, begin with researching areas like; Risk, Regulations, Foreign markets, and value.…