HR Cost saving opportunities

Whether you’re a small cog in a huge corporation or running your own SME, ensuring that your Human Resources (HR) costs are kept on a level can be of huge benefit to your business’s cash-flow. Essentially, it means the difference between an efficient HR department and costly one. However, you can’t just make cuts arbitrarily or you run the risk of having to sacrifice some of the employees that make your business what it is. Technology has made a massive impact on how HR departments function and choosing the right software can help you streamline, without actually having to streamline. Cost savings

Time and money

The right HR technology can help you save the two commodities that are of the most importance to any business: time and money. Products, such as cloud accounting software, can help to eliminate costly mistakes and turn tasks that usually require manpower and man-hours into automated processes that practically take care of themselves. The auditing company, Deliotte Consulting, recently released a report in which it stated that: “Companies that spend the least on human resource functions allocate more of their budgets to technology and deliver HR processes with almost one-third less staff, per 1,000 employees.” In short, HR is one of the areas of a company that will benefit most from technology and, in turn, deliver its processes more efficiently, whilst saving the business money overall.

Working under a cloud

To be effective, HR software needs to be capable of being shared between various platforms. The days of sitting at one computer in one location are no longer representative of office work. Now, employees can find themselves in various locations and are expected to be able to continue their work wherever they are. Cloud accounting software enables a workforce to do just that: data can be shared between colleagues and platforms, downloaded, edited and emailed on, expanding the channels of communication. It can transform laptops and mobiles into fully functioning, on-the-go office suites, giving greater capacity for interdepartmental communication and sharing the appropriate information with clients.

In addition, as cloud accounting software stores data remotely then you’re already bypassing the expenses incurred for traditional storage, as well as the costs of renting servers. Cloud accounting software can help your HR department run more efficiently and more cost effectively, without the need for key staff cutbacks.

Other benefits

HR software programs can also be used to improve the productivity of your workforce as a whole. You can make staff training packages available to the relevant staff through central portals that are housed under the cloud. Many programs allow employees to read staff handbooks, review their healthcare plans and even manage their own time off – all stored in hard and fast data to be analysed at your convenience. In addition to reducing the time your employees need to spend calling the HR desk to negotiate factors such as these, software of this sort can be used to send employees important reminders about important business dates or upcoming events.

When people hear the word ‘streamline’, they tend to assume that it means there will be redundancies. HR software is the best way to make your company’s infrastructure more aerodynamic and save money, without having to break out the P45s.

Is It Possible To Make Money Online Trading Forex?

forex-tradingForex trading can be a tricky business.  There are a lot of scams out there that promise that you can make absurd amounts of money in almost no time.  So, is it actually possible to make money online trading Forex?

The short answer is yes, it is possible to make money with Forex trading.  However, you have to be able to pick out the scams and avoid them.  Instead, you should be focusing on the real ways to be successful at trading Forex.  Here are some tips to help you.

  • Learn About The Markets:

You shouldn’t just jump right in and start Forex trading.  Take time at first to learn the forex trading basics, learning about the various markets, what makes those markets fluctuate? When you can identify the patterns of the market, you can be more successful at trading within that market.Make Money Online Trading Forex

  • Consider Your Personality And Limitations:

Before you trade Forex, you definitely need to understand who you are.  How do you handle pressure and risks?  Do you have the money to potentially lose?  Is the risk worth the possible reward, or do you have the type of personality that could cause you to get sucked into making bad gambles?  Based on those answers, you can decide whether or not you should get into Forex trading.

  • Learn From Free Systems:

There are a lot of scams out there that want you to pay money in order to learn their “fool proof” Forex trading systems.  However, you shouldn’t fall for those traps.  The truth is that there are plenty of inexpensive books and even free online guides that can teach you the basics of Forex.

  • Take The Time To Test A System:

You shouldn’t just arbitrarily pick a Forex trading system and hope that it works.  Instead, you need to actually test the system out to see how it would work.  Make sure that your chosen system leaves you with an edge, even if it’s a small edge.  That can make all the difference in the world and not enough new Forex traders take the time to do that.

  • Stick To Your System:Make Money Online

Once you have a system in place, the most important thing to do is to stick to your system.  Some people get bored with Forex trading when they use the same system over and over again.  However, the old adage really is true.  If something isn’t broken, you shouldn’t try to fix it.  Just try to remember that you are making a consistent profit the way things are, no matter how stuck in a rut you may feel.

The other reason that some people change Forex trading systems often is that they think that newer trading systems are automatically better.  Resist the urge to test brand new systems because they aren’t really well-established or proven.  Sometimes the older systems are the best because they wouldn’t still be popular unless they really work.

So, is it possible to make money online trading Forex?  Absolutely, but only if you learn how and have the patience to follow through with what you learn.  With the help of a good trading system, you can begin earning money consistently.

Is your odometer costing you money?

There was a recent lawsuit settlement that revealed that all car odometers manufactured are not equal. There were some odometers that will lose its factory or extended warranty sooner than the actual time frame.

The lawsuit involves a lawyer from Arkansas. He was in his Honda Odyssey minivan and noticed that the miles seemed to be clicking faster. He checked the odometer against some measured mileposts along the highway and found that the odometer was off by at least 5 percent. He reviewed his complaint with few other Honda Odyssey minivan owners and found that they were also having similar problems.

If your odometer is off by 5% or more, you could actually be within the warranty period even if the odometer indicates otherwise. A manufacturer will sound tough towards your complaint and he will not cover the repair.

For warranties that extend to 100,000 miles, the mileage difference becomes more significant, especially if it is an expensive repair.

This complaint resulted in a class action lawsuit against the manufacturer that was later settled. Honda admitted that they were not doing anything wrong, but agreed to lengthen the mileage warranties by 5% for 2002 to 2006 Hondas and Acuras, and 2007 Honda Fit models. They have also resolved the issues in all the newer models.

The lawyers who brought this class action lawsuit noticed similar complaints against Nissan as well as other manufacturers.

If you are concerned about your car odometer, it is important that you check the miles on your odometer on the highway with the mileposts installed by the state of federal government. If you also notice that your car odometer is showing a 5 percent off, you should bring it to the attention of the dealer’s service department to see if the odometer can be adjusted. If they are not willing to fix the problem or they don’t want to, write a letter to the dealer and the manufacturer to point out the problem and how it is going to impact your warranty period. You need to have all documentations before filing a warranty claim when the vehicle is just few miles over the limit.