Koppr Academy. Employee Retention - How to retain your employees. Financial Planning - The beginners guide to planning your finances. Here’s how you can construct your own portfolio.
Asset Allocation The first step towards anything is ascertaining the situation. You need to determine your individual financial footing and re-evaluate your goals. Also consider key aspects like your age, your income and assets, number of years within which you want to achieve your goals, amount of capital you possess, future needs etc; and depending upon these factors you can devise your strategy. Employee Financial Wellness Guide - Koppr. The survey presents some great insights on the financial wellness of employees.
Employees are stressed despite the strong economy In the US, the reports indicate that the economy is solid, and the unemployment rate is at a49-year low. However, this survey paints the opposite picture as many employees admitted to being stressed about their finances. Most of them rated financial stress as one factor that causes them the most stress. Increasing debt challenges and cash flow remain bigger worries that hinder their ability to save sufficiently. EPF - Employee Provident Fund. EPF is otherwise known as the Employee’s Provident Fund and is a retirement plan available for salaried individuals.
This retirement scheme will help your employees to save a portion of their salary every month. What is EPF? The EPF is an avenue for saving and was introduced under the Employees’ Provident Fund and Miscellaneous Act, 1952. Employee expense reimbursement - How to handle employee expenses. Employee expenses are a part and parcel of every business.
When employees spend on behalf of a business, the company needs to reimburse these expenses. How to choose the right financial instrument? Investing your hard-earned money is an important step towards wealth creation. However, you need to invest properly and through the correct instruments to ensure you get the returns you desire in a time that suits you well. There are many financial instruments that you can choose from, but not every one of them is suitable for you. The Impact of Social Media Usage on Employee Productivity. Once considered as the new fad, social media has gone to garner massive growth and popularity over the years.
Such has been its prevalence that it has managed to change almost every facet of how we communicate, socialize, and engage for both professional and personal activities. However, the usage of social media platforms in the workplace toes a fine line. While it can have a highly positive impact on the marketing efforts of a company, it can also drain employee productivity.A recent study published by TeamLease World of Work Report provides detailed insight into how unlimited social media usage allowance by employers is affecting workforce productivity comprehensively. The report has clearly stated that organizations that allow unrestricted usage of social media are risking somewhere between 15% to a whopping 45% drop in productivity of their employees. According to the same study, Facebook is the most visited social media platform during work hours. Do you need a personal financial advisor? Top personal finance management apps in India. Financial management apps are extremely useful.
From offering reminders about your upcoming EMIs to offering a comprehensive budget plan related to your expenses, these apps help you to manage all aspects of your financial well-being on a day-to-day basis. Whether you use an Android or an iOs platform, you can find many interesting money-management apps. Download any one of them and you will be able to smoothly sort out your finances. EQ - The need of the hour for leaders - Koppr. What comes to your mind when you imagine the ‘ideal’ leader?
The ideal leader is someone who doesn’t let his temper get the better of him no matter how complicated the situation is. The ideal leader is also the person who leaves their doors open to communication with everyone and anyone in their team – they are ready to listen – they have the complete trust of their team members – and they make informed decisions keeping in mind the interests of all the people involved. Well, if you look at it generally, you won’t find anything special about these qualities, but there is more to these qualities than meets the eye. A deeper understanding would lead you to an essential quality that a leader must have in this day and age. We are talking about emotional intelligence, which is most commonly referred to as Emotional Quotient (EQ). Should you hire employees for a cultural fit? Cultural fit is quite popular in today’s date in the HR industry, not only in conversations among the human resources team but is also being used as a replacement for what was known as the gut feeling factor in the old hiring process.
Many times we miss out on a key individual who could have been an asset if we had hired them.The job market is becoming increasingly competitive, and the job cultures are turning diverse. At this time, hiring the right people is more important than ever before, because, a candidate once rejected will not turn back to you. What is Cultural Fit? Google defines cultural fit as when the core values, beliefs, and personality of the candidates match those of the company. What is goal based saving? Role of HR in Employee Wellness. As we step into a new decade, there is a major shift in organizational development, moving from a “wisdom economy” to the “human economy.”
Companies and organizations have started adopting network and team-based structures where the growth of the organization and the well-being of the employee have turned essential. When it comes to employee well-being in an organization, the human resource plays a major role in building bridges between the administration and the employee panel. They also help the administration realize that the best wellness program is not just concentrated on cost-saving and absenteeism, but they also donate to the organization’s growth, long term, and short goals. How to build an everlasting company culture? As an entrepreneur when you are thinking about setting up a team for your company where employees are happy, engaged, enthusiastic and energetic, there is one word which is likely to come to your mind time and again, that is ‘culture’.
What does company culture refer to? When we consider an individual, culture refers to a basic set of values or principles that a person has. Similar to this, company culture refers to the core values followed in a company, right from the CEO to the junior employee. In addition to values, a company culture consists of goals, ideologies, purpose, mission, vision, beliefs, learning, leadership, assumptions, expectations, work environment and ethics. A company’s work culture can also be referred to as its personality. You surely must have heard about some of the popular companies like Apple, Amazon, Facebook, Google, Adobe, Microsoft and Starbucks. “A company’s culture is the foundation for future innovation.
What does excellent company culture mean? 20 most common money mistakes people often make. Every new financial milestone in life comes up with new responsibilities. A good financial sense is inevitable for handling these new financial responsibilities in life which can turn up into a mess at any point in time. Money mistakes are quite common with people of all ages and the most effective way to avoid such common money mistakes is to know about these mistakes and understand them. Fixing money mistakes can take a considerable amount of time; however, understanding and fixing these common money mistakes will help make much better financial choices in life. As an employer, you must be coming across many of your employees making such common money mistakes in their lives and getting affected by these mistakes. You can help them in suggesting means for clearing some basic misconceptions associated with finances to avoid making any common financial mistakes.
Mistake #1: Lack of Proper Budgeting. How to choose the right Bank for you? Banks are those financial institutions that deal with money, its substitutes and help in providing financial services to common people.