Finance Archive
You might think that it’s easier to hire people to work for your company because many of them lost their jobs. The truth is that it’s even more challenging to hire someone during this pandemic. These are the reasons why filling out the vacancies might take longer than usual. Some people don’t actively look for
Franchising is an excellent way to start a business. You don’t have to do everything from scratch. The business plan is already there, and there’s a guaranteed market. Some people would say that you’re not only buying a franchise, but the potential customers that come with it. However, like any other business, you have to
Many employees are having a hard time catching up with utility bills and other expenses. Others even lost their jobs due to business closures. If you didn’t retrench most of your employees, you’re doing the right thing. However, they still have to deal with financial issues, and you can lend a hand. Offer loans You
When an employee request for a paid study leave, your immediate reaction is to say no. You don’t want to keep paying someone who doesn’t contribute to the company. Study leave but also take a few years in it would be a wasted opportunity. Before you close your doors, you have to understand that there
It doesn’t feel good when you have an employee who struggles with money. It’s even worse when work is affected as a result. Some employees even have to take a second job at night to make ends meet. As a result, these employees become exhausted in the morning and couldn’t concentrate while working. If you
You might think that there’s no reason to be optimistic about the future of your business considering what happened in 2020. When you started your business plans, you had a lot in mind. Unfortunately, the coronavirus pandemic started, and it threw all your plans away. After a full year of suffering, we are now close
Some companies offer yearend bonuses. It’s an opportunity to show to employees that they’re valued. It’s also a way to help employees stay afloat. Those who live from paycheck to paycheck need this extra cash. Besides, they deserve it because they work hard. The only issue is that you might not be fair in giving
Thousands of people lost their lives because of this pandemic. It means that thousands of families are grieving right now. It’s possible that some of them are in your team. Grieving takes time. You can’t expect your employees to excel at work again while grieving the loss of a loved one. As the leader, you
This pandemic has tested several businesses. Some survived, while others didn’t. Most of the companies in the tourism industry failed to cope up due to a virtually inexistent income flow. Others managed to move to a work from home setup and continued the business. If you’re among these companies, you’re lucky. You can keep things
Some companies couldn’t cope up with the problems faced because of this pandemic. As a result, they decided to scale down and retrench some employees. They couldn’t keep everyone in the team since the profits are low and the operating expenses remain the same. It’s the opposite for some companies. Due to this pandemic, the