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Tips To Hire Seasonal Employees

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Tips To Hire Seasonal Employees

The business picks up pace when a holiday season arrives, and to make sure you keep up with your customers’ demands, you need to hire a seasonal help. In this post, we will talk about how you can hire seasonal employees and keep your customers satisfied.

Below we have mentioned five tips to hire them:

  1. Hire customers

This is perhaps one of the smartest things that you can do.  Although your board of directors might not like this idea as customers will not have the qualifications your company demands. But, since they have thorough understanding and knowledge of your services and products, they will be most excited to talk about it and you know how word of mouth spreads. The easiest way to reach your customers will be putting up advertisement for seasonal help on both online and offline platforms. One way, to attract your customers for seasonal openings that you have is by offering them employee discounts on current services or products they are using or will use in the future. This can be really helpful during the holiday season.

  1. Advance preparation

One way you can stay ahead of the competition is by preparing for a situation in advance. Make sure that you have a clear blueprint ready with your requirements for the positions you have available as early as three-four months in advance of the upcoming season. Doing this will help you get a large pool of candidates and you can make sure that you contact the most suitable ones before other organisations can get their hands on them. Some employers and managers overlook this fact and think that they don’t need to start the hiring process early on and find themselves short on manpower later; undoubtedly they have to compromise in the end and hire people who are under qualified.

  1. Accurate job description

Write a concise job description in your advertisements. As you are looking forward to seasonal employees, clearly mention in your description that you are looking for someone to fill for the specific period only. Give all the details as to what are you looking for when you hiring for such positions. Explain the nature of the job, skills required, basic qualifications required and the organisation’s expectations. If there are incentives attached with the work at hand, mention that too. Highlight how working in this position can help them in their future endeavours. It is better to put up all the additional requirements if any that will help you get a better pool of candidates and you can save both money and time.

  1. Employee referral program

To get seasonal employees, you can send an email to your existing employees and ask them for referrals. Chances are they will have friends or family who are actively looking for a job and thus they will get the opportunity to see what you’ve got to offer. While they are doing the hard work for you, offer them incentives. If the suggested candidate gets selected and does great work throughout the season, reward them with incentives. You can even start an employee discount program and give your employees a discount based on every successful employee they brought to the organisation. Think of how you can best motivate your employees so they can take care of it themselves.

  1. Attract retired persons

Nowadays retired persons are becoming the go-to choice of companies for seasonal jobs. That’s because retired persons set themselves apart from the candidate pool with their years of work experience, and they’re generally open to flexible timings.  They’re also more receptive towards taking up a variety of jobs and excel at it. They can also be your go-to employees for the next season as a large number of college students move on to the next big thing in their life after they graduate. If you’ve not given hiring someone older a thought, we’re here to tell you that you should tap into it right away.

From arranging heavy duty plastic storage boxes in retail to developing complex codes for clients overseas, every business needs help on a seasonal basis. We hope the above tips help you get the best candidates.

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Business

3 Strategies for Trading Stocks

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Strategies for Trading Stocks

Working hard and saving money is a smart thing to do, but it’s not enough to build real wealth on its own. To maximize your nest egg, you’ll need to invest in stocks and beat inflation. Basic stock investing isn’t too tough, and novice investors can outsource their investment decisions to trusted financial advisor. But for those who prefer to make their own money, there are decisions to make. How aggressive will you be with your investments? What investing techniques will you use? Here are three major stock investing strategies to consider.

Momentum trading 

Momentum trading strategies can vary in certain ways, but they all rely on the central idea that a stock’s inertia matters. A stock that has been rising or falling in value at a certain speed can often be trusted to continue moving in that direction in the near-term. At the right scale, a momentum trading strategy can use that fact to make smart bets on or against stocks based on their momentum and direction. With more hits than misses, a trader is soon making money.

Momentum is an active trading strategy. It is used by day traders and other more active traders, and newbie investors will want to learn more about momentum trading strategies and their variations before trying them out. But a successfully implemented momentum trading strategy can be very lucrative indeed.

Scalping 

Stocks are traded in a specific way on the market. An investor buying a stock offers a “bid price,” or the amount that they are willing to pay for a stock. An investor selling a stock has an “ask” price, which is the lowest amount they’ll accept for a stock. A bid-ask spread can open a window for an investor using the scalping strategy.

Scalping successfully means buying stock at the (lower) bid price and selling it at the (higher) ask price. To do that, scalpers need to exploit order flows or create the spread themselves. Successfully scalping usually means dealing in small volumes of liquid stock and moving quickly to minimize risk.

Buy and hold investing 

Stocks go up and stocks go down. The most profitable thing to do, of course, is to buy stocks when they are cheap and sell them when they are worth much more. If investors are able to “time the market” — get out of overpriced markets, buy back in at low prices after a crash, and repeat — they can make millions and millions. If investors can manage the same sort of buy low-sell high magic with individual stocks, especially volatile and risky stocks, the same rewards are possible.

The problem, however, is that most investors blow it. The market as a whole tends to beat the investors trying to beat it. In other words, it would be better to “be” the market than to try to beat it. And that’s where buy and hold comes in.

With a buy and hold strategy, investors choose large “blue chip” stocks, broad index funds, and other investments that they have reason to believe will be successful in the very long term — just as the market itself is. They then buy those investments and — you guessed it — hold onto them, fighting the urge to sell in tough times and trusting the market and its major players to grow in value in the long term.

Finding your strategy 

Active stock trading strategies are popular among day traders. More passive ones, such as buy-and-hold strategies, are better choices for investors who want to “set it and forget it.” Your best bet for investing will depend on your personal preferences, tolerance for risk, and ability to dedicate time and money to investing. Do your research and choose the right strategy for you.

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Business

Earnings per common share: Know the benefits

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Earnings per common share

According to the market experts, earnings-per-common share is considered to be a financial ration. Generally, it is first ratio that investors prefer to check out at the time of analyzing a stock. Although it is simple, this metric has been found to be extremely powerful. It does condense good amount of information in single number and allows comparison of alternative investments by the investors. It also helps to charge specific business performance with time and estimates future investment growth.

What is earnings-per-common share all about?

If we talk about Apple, Earnings Aapl is stated to be the company’s total earnings which belong to the common shareholders that are divided by common number of shares outstanding. For calculation purpose, it is essential to determine first the preferred dividends payable and share numbers.

Preferred shares are termed to be special share class that is entitled to fixed annual dividend. Multiplying the preferred share numbers with dividend payable to them as well as subtraction of resulting figure from net earnings of the company can help find profit portion of the company that is to be given to the common shareholders. The number derived is to be then divided by common share numbers for getting to know earnings-per-common share.

Income calculation

One of the major benefits derived from earnings-per-common share is being provided the opportunity to calculate easily and effortlessly the amount earned by the company on the investor’s behalf. When this is multiplied by stock numbers owned, it can provide the claim on net income of the business. This way, by performing such calculation for all companies present in the portfolio, it becomes possible to compare the profit amount earned by each of them on the investor’s behalf. Since pre-share income is quantified by earnings-per-common share, other measures are made irrelevant. It includes business size, common share numbers outstanding along with other company issued instruments, like proffered stocks and bonds. It does allow fabulous and clear comparison.

Time series

It also helps in creating charts of management performance with time. This is because, earnings per common share is able to eliminate confounding variables with bank loan assumptions or launch of new products by the company. In case, the company earns much more per-common share when compared to the previous year, then it is likely to do a wonderful job. However, there does exist a caveat, which is ‘stocks may split’. This means outstanding shares can be collected by the company and every old share replaced with new ones, thereby splitting effectively each old share. As this takes place, it is necessary to perform additional calculations to compare new and old earnings-per-common figures.

Dividends vs. Earnings

Although, the earnings made belong to the individual, it is up to the board of directors of the company as to how it is likely to be used. It is the board that will take the decision if the entire earnings or part of it is to be paid in dividend form to the shareholders to be reinvested within the business. But over time, the shareholders can enjoy this money and earnings-per-common share is termed to be a wonderful indication of long term income.

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Business

How Do Real Estate Investment Companies Work?

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Real Estate Investment

Real estate investment companies are those that can either build properties or can buy groups of properties with the motive of either selling or renting them out to investors.

How do they work?

Real estate investment companies help real estate investors to reap maximum benefits from their properties. Most, if not all, real estate investment companies lay out explicit terms that work in the best interest of the investors. Among those terms, one that truly stands out is the provision where an investor can pool in a particular portion of their benefits from the property to pay for the mortgage. It is beneficial for a property owner especially if their property has lain vacant for extended periods of time.

A real estate investment company has the resources and the connections that allow them to have in-depth knowledge about the sector. They partner up with fellow organizations and share insights that benefit both parties mutually. At times, a real estate investment company can resemble an investment club where participating members take unanimous investment decisions. The decisions surround properties and projects related to real estate where the participating members pool in their funds and invest together.

What sets them apart from other service providers?

Real estate investment companies have certain features that help them stand out from other service providers. They make sure that their investors have unprecedented access to the market which would be impossible to get into if they were on their own! On top of that, real estate investment companies deliver:

  • Quality advise to their investors so that their money is well spent
  • Products and services that are ideal for joint investment ventures

The following section sheds light on two features that set a real estate investment company from other firms:

In-depth knowledge about the real estate market and financial sector

A real estate investment company develops/buys properties so that they can sell the same to their investors, in parts or as a whole unit. They also give management services for the sold properties to their investors in exchange for a fee. All in all, providing such services requires a specific set of skills and high-quality resources. Veteran real estate investment companies are known for their in-depth knowledge about the sector. They also have a deep understanding of the inner workings of the financial market. It is necessary for them to be adept in the said sectors since both are inter-related to one another.

Unmatched communication and negotiation skills!

Real estate investment companies also are backed with professionals who are masters of communication! They should possess the skills for proposal evaluation which assists them in making investment decisions that never fails! Last but not the least, real estate investment companies are masters of negotiation which helps to close a deal in no time!

The services offered by a real estate investment company can differ a lot! A company can be a specialist when it comes to dealing with a certain category of properties which can range from residential complexes to commercial centres. There are also firms that provide debt financing services to their customers to help them in times of distress. In short, based on what exactly they are looking for, an investor can choose a real estate investment company that suits their needs and desires! If you want to know more about real estate companies – SmartOwner can help you out! Be sure to check out their official website mentioned below!

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