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What is goal based saving? Do you wish to go on a cruise vacation to celebrate your 10th wedding anniversary?
Do you want to present your parents with a car for themselves? Do you wish to retire at the age of 50 and spend your time travelling the world? These may be your short, mid and long term life goals but are you sure how you are going to fund them? The answer is quite simple – you need to start saving. However, you need to be smart about your saving avenues and ensure you undertake goal-based savings only. Why should you save? Let us begin by understanding the need to save. There are multiple reasons for goal-based savings. 1. Life often throws many surprising challenges in front of you and most of the time, you may find yourself unprepared for them.
There are multiple factors that determine your emergency corpus amount like: Average monthly expensesNature of your job, whether the government sector or private, whether temporary or permanent, etc.Your monthly outstanding liabilities like home-loan EMI, etc. How to plan your wedding finance like a pro. Weddings in India are a big, lavish and grand affair with various rituals and celebrations.
Every ritual either pre-wedding ritual or a post-wedding ritual has special importance and is enjoyed thoroughly. An Indian Wedding is often referred to as a “big fat Indian wedding” due to huge arrangements, exotic preparations, pomp, and show along with the unlimited expenses involved in it. Our country has a vast culture and people of different communities have different traditions associated with weddings. The food, rituals, and arrangements of a Punjabi wedding are completely different from that of a Gujrati or a South Indian Wedding. However, what stands common among all weddings in India today is the huge and lucrative expenditure involved. Spends on various wedding functions Indian wedding functions are lavish and Indian families spend a huge amount on the different functions of the wedding functions.
Saving money for your wedding expenses. Why are millennial's important? How to motivate millennial's? Millennial is a term that is frequently used to define a person who has reached adulthood in the early 21st century.
People who are born between 1980 and 2000 are considered to be a part of this group of people. However, there is a lot of contradictory information regarding the period that is covered to group millennial’s. Millennial’s – who exactly are they? Many authors, publications and researchers consider those people with the birth year as the 1970’s to early 90’s as millennial’s, while some use up to 2004 as the ending birth year. The earliest use of the phrase dates back to the time when it was used to define those individuals who graduated from high school in 2000. Like any other cultural generation, millennial’s belong to the same age group and share similar attitudes, problems and ideas. Characteristics of millennial’s In recent years, several studies have been conducted to study the behavior and traits of millennial’s and they have been classified in several ways. Employee termination - A compassionate way to fire someone.
‘Termination’ is a dreaded word for any employee – the very thought of being terminated or dismissed from service causes a lot of distress to him/her.
When an employee loses a job he/she no longer has a stable income. A person in service often has dependents to be taken care of, fees, bills and debts to be paid. All this can suddenly overwhelm an individual if he/she stops earning and sends that person into shock and depression. Employee termination laws To take care of such eventuality governments all over the world have enacted laws to protect the workers. Following are some of the steps taken by companies to make the administrators, supervisors, and workers aware of their duties, responsibilities, and rights while working in that company: In India, an employee may be terminated according to the individual employment contract signed between the employer and the employee, if the contract defines a process for termination.
Employee Gifting - 20 corporate gifts for employees in 2020. A lot of factors work in conjunction to ensure that a company operates smoothly.
Employees constitute a big part of those factors. Irrespective of whether you are leading a small team or a big corporation, taking good care of your employees will yield amazing returns. It is crucial to understand the difference between employees and happy employees. Taking good care of your employees will make sure that they go the extra mile for your organization. Thus, merely the salary and its components might not be enough. Lets get started on knowing about employee gifting best practices and how you can plan your corporate gifting strategy.
When should you gift employees? One of the easiest ways is to tag the gifts to specific occasions or festivals to make them much more effective. From an employee standpoint, employee gift programs can do a world of good for their morale. Here are some of the occasions on which you could gift employees: Top 20 corporate gifts for employees in 2020 1. 2. 3. 4.