Employee recognition is a crucial part of great workplace culture. However, only a few organizations know the trick to recognize their employees in the most efficient way.

• What is the best way to recognize your employees?
• How to convince the executives that employee recognition is a way to boost the productivity of the organizations?
• Where to start?
• How to make everyone part of the event?

Well, employee recognition is not an easy event. It news a proper planning and the right type of recognition to make your employees special.

What Is Employee Recognition?

Do not get confused with the employees’ recognition and appreciation. Employee appreciation is a way to value one’s unique point of view. At the same time, recognition is the action to show appreciation.

Employee recognition is the process of showing your gratitude and appreciation towards employees for their hard work. Remember that recognition does not only mean giving compensation for their hard work. It simply means that you value their enthusiasm.

Why Is Employee Recognition Important?

Employee recognition has become a new norm in today’s industry. People do not follow it just because it is a way to please their employees. However, it has become a necessity if you want to survive in this competitive market.

However, companies work really hard to handpick some of the best individuals for their organization, with the lack of recognition. These employees feel not needed in the organization and make them leave the company. This problem can be easily solved with just a few words of appreciation.

What Are The Types of Employee Recognition?

While there are many forms of employee recognition, it is important that you stick with comprehensive employee recognition strategies to make your recognition works.

Here are some of the employee recognition types that you might look into before planning your employees’ recognition strategies.

• Public
• Private
• Promotion
• Monetary

From the above points, you can see that money is not the only way to recognize your employees. You do not have to spend money recognizing them and making them feel they are needed in the organizations. With simple appreciation of words can also get the job done.

Let’s explore these points in more detail.

Public

When someone exchanges recognition in the companies, it usually leaves a positive impact for both parties. But the thing is that most of the leaders or executives do not realize that if this recognition is taken to the public, its positive impact amplifies the whole working place.

When someone gets recognition in public, they feel confident about their work, and their self-esteem gets a boost. Public recognition capitalizes on these innate possibilities to influence the environment.

Here is how you can recognize employees publicly.

• Shout Out on Social Media.
• Congratulations Email.
• Give Kudos.
• Surprise Celebration.
• Custom awards.

Private

Think about the last time you were appreciated by your manager for your hard work. If it was just recent, then congrats, you have a good manager. However, if you cannot remember the last time you get recognition for your hard work, then we can understand your pain.

Not getting recognition from your peers can result in chaos. You will lose your driving force and passion for the job. Hence, it is important that, being an employer, you give recognition. If you do not want to be public, call them and recognize them for their hard work privately.

Here are how you can recognize them privately.

• Handwritten Norte.
• Thank You, Meeting.
• Send A Thank You Video.
• Hidden Praise.

Promotion

Promotions are the best way to recognize your employees. If you see that an employee is putting in extra work for your company. They certainly need a promotion to back their hard work. This practice also helps you to motivate them to carry on with their hard work.

Here is how you can do so.

• New Job Titles.
• Special Projects.
• Ambassador Opportunities.
• Invitation To Executive meetings.

Monetary

Monetary recognition is the best way to keep your employees motivated and true to their work. A simple salary raise or added bonus can help you ensure that your employees will carry on with the good work.

Here are a few examples of how to do so.

• A Raise.
• A Bonus.
• Luxury Vacation.
• Education Opportunities.

Conclusion

In today’s world, employees are your asset. If you can keep your employees satisfied and happy, you will see a productivity boost in the organization. If you are planning to organize employee recognition events. You can take help from these employees’ recognition suggestions.

 

If you are planning to start a business, but you are worried about your low credit score, the good news is that you can still apply for a commercial loan to fund your undertaking. But, there is no guarantee of approval.

However, to minimise the chance of commercial finance providers rejecting your applications outright and improve your chances of getting approved, you can actually apply some remedies.

How Do Lenders Assess Commercial Loans?

When it comes to business loans, which are similar to commercial loans, lenders tend to be less stringent, compared to personal loans. The reason is that the National Consumer Credit Protection Act does not regulate their activities.

The lenders have their distinct rating system, which means that they will assess each application according to whether it is high-risk or low-risk. For simplicity, you can visualise the low-risk as Rated A and the highest risk as Rated D.

But that is not only the factor. Each lender has a grading system that ranges from 1-15 items. Several factors come into play, such as how long you have been in business, how your business is performing, potential profitability, and other ratios. For example, lenders see a newly launched business as riskier compared to an established company. Another factor is the industry in which you operate. Lenders would be more conservative when lending to industries, such as construction, mining, and housing.

How to Improve Chances of Approval

1. A guarantor or collateral will drastically improve your chances of being approved. The lender will be more confident in releasing the money to you because they know it will be repaid. You can use a building, land, or residential housing unit as collateral to convince the lender, into lending you money.
2. Another way is to write a clear business plan. The lender will require you to submit your documents so that they can assess the feasibility and viability of your business. They would want to know how you can surmount the challenges that led you to have a low credit rating in the first place. The business plan should answer the lingering questions that may nag at the lender.
3. Check your credit score. Improving your credit score is time-consuming, but it will benefit you in the long term. To improve your score, make sure you pay your bills within the set time, keep track of all the bills, and settle credit card bills and other high-interest facilities.

Finally, you can ask the lender for steps on how to improve your chances. You would be surprised to know that they are willing to help you clean up your finances and prepare requirements to make it easier for the borrower.

How Much Can You Borrow?

On average, the minimum amount of commercial loan is $250,000. It would be more than enough to open a small business.

But some commercial finance providers can lend from $500,000 to as much as $7.5 million. You can apply for a commercial property loan for first and second mortgages. You can also expect an establishment fee, amounting to 2.2 per cent that will be deducted from the amount.

Once approved, the release of the money is quite fast, especially if the commercial lender has a sizable funding source.

Consider yourself lucky if you haven’t steered yourself into a car crash. That is because the odds are that a person will get into at least one accident in their lifetime, even if it is a minor accident. And when you get into a car accident, it is important to seek the help of a car accident lawyer to help you. A good car wreck lawyer will help you file the right paperwork, provide legal evidence, and determine the accurate settlement for your claim.

To ensure that you find the right car wreck attorney you can trust to handle your case, consider the following tips during your search.

• Experience

As a general rule, it is important to choose a lawyer with a lot of experience to handle your case. Choose a lawyer who is experienced in providing legal services to clients with similar problems as yours. As a result, before you make a final decision you should verify the years the lawyer has been in the legal industry and how many cases they have handled. The more cases they have handled the better they are. A highly experienced lawyer will be in a better position to make your case strong from the investigation stage to the final stages of the case. This increases your chances of getting maximum compensation for your damages.

• Pick a lawyer who plays hardball with the insurance company

Car accidents mean you have to deal with insurance companies. Most if not all insurance companies are profit oriented organizations, they will want to offer you as little compensation as possible. As a result they will look for excuses so that they can offer you the smallest settlement they think you will accept. A good car accident attorney will easily spot these lowball offers and provide you with the best legal advice. They will go toe to toe with the insurance company to ensure that you get the right compensation that will cover for the car damages and any injury.

• Attitude and strategy

As mentioned earlier, dealing with the insurance companies is very difficult. You want a lawyer who can come up with an elaborate strategy which will be effective in winning your case. Before settling on a lawyer, ensure that they share their strategy with you because the strategy is what will determine whether you win or lose. Attitude is also important when choosing a lawyer. Attitude determines the lawyer’s commitment to your case. The lawyer should be able to build a good business relationship with you. They should be able to take or return your calls within a reasonable period of time to ensure free flowing communication during the case.

• Billing structure

Before hiring a car wreck attorney it is important to know how much they charge for their services. This will help you make a decision depending on the amount of money you are willing to spend on your case. Ensure there are no hidden costs, the charges should include the entire amount. However, you should not go for very cheap lawyers because they might not provide quality representation.

Conclusion

Choosing car wreck lawyers los angeles, ca is no different from any other professional. Pick a lawyer who is highly experienced and someone who is committed to winning your case. If possible, get a lawyer with a reputation for tough negotiation with insurance companies.

 

With more and more people concerned about climate change and looking at new ways to become environmentally friendly, eco-friendly eateries, restaurants and food stands are popping up all over the United States. Whether you own a restaurant now and want to make it eco-friendly or you want to start from scratch, there are things to consider when planning to operate an eco-friendly eatery. For tips and tricks on how to operate an eco-friendly eatery, read on.

Think Biodegradable

One of the first things to consider when becoming environmentally friendly is about what supplies you’re using. Plastic straws, for example, are dangerous to sea dwelling creatures and often wind up hurting innocent aquatic animals because they aren’t biodegradable. When considering things like coffee stirrers, straws, forks, spoons and other utensils; you must do your homework. Not all utensils are made up of the same materials. While you may pay more for biodegradable supplies, you’re at the same time sticking to your brand and showing eco-conscious customers that you keep your promises which will pay off over the long term.

Reuse and Repurpose

There’s something which is not only environmentally conscious in repurposing old appliances, but fun as well. Instead of running off to the first restaurant equipment supply company to replace that old oven, or to get parts for an old fridge, consider buying used or vintage ware. Junk yards, flea markets, estate sales and public auctions are all examples of places where you can find older appliances and, for a fraction of the cost, have them fixed up too. In doing so, you are helping Mother Nature and putting some money back in your pocket at the same time.

When considering reusing, think about repurposing too. If that old oven can’t be fixed, consider other ways that you could use it in your eatery. Could a piece of wood be put over it to make it into a counter or a table? What could the oven itself be used for? When stripped of grills and the heating element, it might even be a great spot for a Little Free Library filled with books all about the environment; again both nodding at your brand and showing your customers that you’re serious.

Earth-approved Disposals

Some newer restaurant workers aren’t even sure how to dispose of used cooking oil properly. All over the country, staff will let it sit for a while and then throw it in the regular trash; entirely unaware of other, more eco-friendly, options. Other trash is no different as every year, thousands of commercial kitchens are so busy cooking up meals and serving customers that not much thought is put into how to handle the waste. If you are serious about the environment, this is an opportunity to make a big difference.

Take a look at your land. Are you renting space for your eatery or do you own it? If you have the ability, consider putting up a compost pile out back where staff are trained to properly handle trash. Mother Nature will most certainly thank you for it.

Community Donations and Events

There’s more to an eatery than the menu. While you might want to consider cooking with entirely organic foods, another thing to consider is how you’ll use your brand to make a difference. If a compost pile isn’t something that you can do, there’s another way to get rid of unused food. You could call the local food pantry or churches and ask them about making donations for the area’s homeless population.

Community events and involvement is another way to bring your eatery more business, and create brand awareness. Offer educational nights with speakers who talk about the environment and how to be more Earth conscious. Host a series of free classes on vegan dishes. Hold a movie night and feature a documentary on how to leave cleaner and leave a lighter energy footprint. The opportunities for educating and welcoming the community to your eatery here are limitless.

What about a community garden where you work with local customers and anyone interested in learning to grow their own vegetables and herbs? Not only could it become a restaurant food source, but it would be a way to get word about your restaurant out there. Consider calling the local high school and community college too. Some have agricultural programs and intern students who might be interested in helping you.

Buying and Growing Local

When it comes to food supplies for your place of business, nothing says eco-friendly like farm fresh. Not only will buying food from local farmers help the community, but it will mean reducing that energy footprint. Think of the difference you can make by buying eggs from local farmers instead of having them trucked in from all over the country to grocery store chains. Where possible, buy organic and locally.

While the cost might be steeper, there are ways to work around that too. By cooking menu items for only what’s in season to the local area, you can theme your eatery around the seasons and local economy too. If the apple orchard near you is in full bloom, there’s no reason why you can’t host two months of apple-inspired recipes. The same applies to things like maple syrup and pumpkin pie if you were in Vermont, for example.

Do what you can to network with local farmers. Growers in your area will be serious about protecting the environment too. While a dairy farmer may be great for milk and cheese, he or she could also know the woman who owns the local berry orchard as well. Don’t be afraid to ask for local deals in big bulk buys; it’s often easier for farmers to sell locally too.

In the end, operating an eco-friendly eatery can have its challenges. Supplies will often be more expensive and what would be a phone call to regular and national vendors for some, could boil down to a whole lot of homework. But sticking to your brand and the environmentally conscious mission at hand will pay off with loyal customers who appreciate what you are doing for the future of the planet. By sticking close to local roots and engaging the local community, you might be surprised how loyal they will be to you too. Happy cooking!

While using algorithmic trading, traders invest their hard-earned money in their trading software. For that reason, the right algo trading software and custom programming are essential to ensure proper and accurate execution of trade orders.

On the other hand, faulty software or one without needed features may lead to hefty losses, especially in the past-facing world of algorithmic trading.

Let’s find out the benefits of choosing the custom programming for algorithmic trading software.

What Is Algorithmic Trading?

Algorithmic trading is the process of utilizing a computer program that follows a specific set of instructions for placing a trade order.

The aim is to dynamically identify profitable opportunities and place the trades to generate huge profits at a speed and frequency that is impossible to match by manual trading.

The advantages of higher accuracy and fast execution speed in trading activities based on algo trading software have gained tremendous popularity.

Benefits of Using Custom Programming for Algo Trading

For those who are absolutely new to the concept of custom algorithmic software and still working on manual trading, here are some benefits of using a highly rated custom software program to achieve your investment goals:

Backtesting Facility

Backtesting refers to the process of applying trading rules to historical market data to determine the visibility of the idea. While choosing a custom system for automated trading, all rules must be absolute, with no rooms for interpretation.

The validation through backtesting ensures proper evaluation of the trading decision. It additionally allows traders to evaluate and fine-tune a trading idea to determine the system’s expectancy.

Preserve Trading Discipline

Discipline is retained even in the highly volatile and risky market scenario since trade rules are established, and trade execution is performed automatically. A discipline is often lost due to several emotional factors such as the fear of losses or hasty order, placed in the quest of greater profits. Customized algo trading software ensures that discipline is maintained because the trading plan will be followed precisely.

Planning the right trade and trading the plan is considered one of the biggest challenges in trading. Even if a trading plan can generate colossal profit, traders who neglect the rules alter the desired output the system would have had. Nobody can assure you that the trading plan you have will work 100% of the time.

After all, losses are part of the trading game. The traders who have two or three losing trades in a row might decide to skip the next trade. However, algo trading software allows the trader to accomplish consistency by trading the plan.

Improve Order Entry Speed

Since computers respond immediately to the changing market conditions, algo trading software can generate orders as soon as trade criteria are met. It can identify changing market trends and assort measures as per algorithmic settings. The order entry process is much faster and allows automatic execution once it is entered. This ultimately increases the chances of order acceptance and conduct trading.

Positive Decision Making

Manual trading lacks in taking the right decision-making process as human emotions influence it. Algo trading systems help in minimizing emotions throughout the trading process. The custom software executes its functionalities based on the configured algorithm without the threat of emotional interference.

The system is supported by configurations to track the changing trading market updates and required trading data that users can observe minutely. It allows traders to “pull the trigger” without any hesitation.

Novice traders should take some time to evaluate different algo trading software available in the market until you are fully convinced that all the functionalities are carried on your system with optimal accuracy level. The custom program system can also offer quick and timely access and allow you full flexibility to customize your needs.

Keep in mind; you should have some trading experience and knowledge before you opt for the algo trading system.

 

There are some obvious perks to owning your own business. If you are a hard worker who is not afraid of risk, is open minded and willing to work long hours to meet goals, starting a business could be something for you to consider. Whether considering opening a franchise business, running a small business out of your home, working from a rented or mortgaged outside location, or even bringing your business online, there are many things to consider as you go.

Like any major decision, there are pros and cons to whichever path you choose. But in the case of owning a business, the benefits almost always seem to outweigh the risks. From being your own boss and the flexibility that comes with setting your own hours to the pride in knowing you built something from the ground up, those are just a few of the reason many people are starting up small businesses and joining the entrepreneurial movement. On top of providing jobs for the community, many small business owners believe some of the best decisions they have ever made have come out of deciding to start their own business. If you are unsure of your next move, you will be interested to learn some of the lesser known benefits of running your own business.

Calling the Shots

Nothing screams success more than the ability to set up your office space just the way you want. When you own your own business, you get to make every decision from signing up with vendors down to the office space furniture, you will be in charge of decisions big and small as a business owner. For example, if you wanted reoccurring deliveries of fresh water for employees, all you have to do as a business owner is give a place like canadiansprings.com a shout. The will be more than happy to contract with you to meet your fledgling office’s needs for recurring water deliveries and more.

Opening a Franchise

For many, a less risky way to be a business owner is to become a franchise owner. This way, you work in partnership with a company that has a great brand you already know a lot about and believe in. You can save many of those marketing costs and will have a built in business plan with supports if you choose to go the franchise route. At the same time, you’ll maintain some level of control at your own location. Some franchise opportunities can even be done from home.

Believe it or not franchise financing can be easier to secure than you might think. In signing up with a franchise program, recruiters will help you work with lenders for your best financing options and support you through the decisions and expenses involved with startup costs. For many business owners, this is a great option that makes the most sense. With franchise backing, there will always be that peace of mind that comes with having a network.

Whether a fast food joint or retail shop, franchise opportunities are nearly limitless if you do your research. When you make these calls, be sure to take notes. You might be surprised what kind of new franchisees are out there and find yourself excited about an endeavor you had never thought about before.

Preparing Locations

If going with a franchise isn’t your plan and you aren’t running your business out of your house, you will want to think about making sure your location is in tip top shape for customers. Maybe even consider a checklist.

If you own the property you’ll be working out of, small renovation and maintenance projects like window replacement, cosmetic work, and even the purchase of new equipment may be in order. Even here, it’s good to be the boss. By running your own business, it will be up to you to decide how money is spent and to make decisions around business assets, your grand opening, and the property you work out of. Instead of being stuck in a cubicle by that drafty window, you can fully replace them and make for a better working environment for your employees or shopping experience for customers.

While thinking about new windows, consider, too, the cost saving you could have with energy-efficient windows. Between calls about liability insurance, business lines of credit, and advertising, you can thumb through research on types of windows too. All of it adds up to the same thing: autonomy in where and how your business conducts its decision-making.

Covering Basics

While it’s not nearly as exciting as decorating and renovating office space and taking bids for work at your business location, business owners are in the unique position of being able to help themselves avoid future headaches by taking care of potential liabilities to their business property before grand opening day. The good news is that there are many types of business insurance available to you.

Depending on your field, you will want to look into workers’ comp, general liability insurance and more. Having the right coverage for you and your employees will be an important factor going forward. Whether you are looking to cover commercial property or personal assets, small business insurance can be purchased in many forms. The best way to find out what sort of coverage is right for you is to start by calling an agent. When you do, don’t be afraid to ask questions and have a notebook handy. Like with other business decisions ahead of you, you will want to get quotes for the best deal at an affordable price.

While the excitement of starting a new business and being your own boss can feel almost like a once in a lifetime opportunity, there will be trying times as well. But the benefits of being able to call the shots, set your own plan and goals, and form your own professional networks likely outweigh the blood, sweat and tears you’ll be putting into the new business. If owning your own business might be for you, or even if you already do, remember the benefits and make a clear list of what you are looking for. It’s with the best laid plans and a positive attitude that you are bound to reap the rewards.