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Twenty Practical Steps to Better Corporate Governance | The Corporate Secretaries International Association (CSIA) Please click the li...
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Modi ensured corruption-free governance: Ananth Kumar
The Hindu Union Minister for Parliamentary Affairs, Chemicals and Fertilisers U. Ananth Kumar on Thursday said the Narendra Modi-led NDA government at the Centre had delivered development along with corruption-free good governance in the last three years. |
June 09, 2017 at 02:35AM
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$GM Chief Faces Showdown Over Hedge-Fund Investor’s Stock Push. #corpgov http://ift.tt/29CBGAk
June 05, 2017 at 02:31AM
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from Carol Nolan Drake
$GM Chief Faces Showdown Over Hedge-Fund Investor’s Stock Push. #corpgov https://t.co/314rPmzee9
— Douglas K. Chia (@dougchia) June 4, 2017
Major Startup Threats That You Should Keep Off
Every business starts with the hope of growing into a giant. It is every entrepreneur’s dream. However, in the practical world, there are many threats for startups. Many small businesses close down too soon. It takes more than stamina to stay on course and remain in business long enough to see the brighter days.
Here are some of the enemies of your business.
Rigid Approach
A market is a risky place, and most of the risks are unpredictable, while some are known. One thing that hovers in the mind of every businessperson is the risk factor. Advisors suggest that you need to stick to your vision, no matter what life throws at you. While this may be true, you may be forced to change tact and approach many times. Some companies have over time evolved into very different entities from where they started.
Having a business plan is just one step, implementing is the school that teaches you all about business. When starting a business, loosen up! Leave some room for change in case you have to try again.
Getting a Wrong Team
Employees are associated with a business or brand. Who do you want to represent you? A bad representative will cost your business and tint your image on the face of other publics. It is hard to correct bad image, therefore, guard your untainted image. Keep it clean.
Take your time when sourcing for employees. Hand pick if possible and consider soft skills as much as you check for hard skills. When you get one with the right attitude and a pleasant personality, keep them close.
Compromised Goods And Services
Consumers feel conned and cheated when they pay for services and get bad quality products. This one sends clients running far away from your products as far as possible. Never settle for less.
Before getting all the other things in place, identify a reliable supplier for your goods and services. Consume your products to understand them better. You cannot sell what you do not know. Fitting in the consumers’ shoes enable you to find out where you need to improve and how effective your products are. There is always room for improvement. Find ways to make your product unique and of the best quality. Quality sells.
Wrong Timing And Target Audience
Launching a business too early or late may hurt the company. Bad timing may see a start up never pick up.
Do enough research as you study successful businesses and check the time factor. The difference in the timing can make or break a brand.
Another crucial factor to great business success is choosing the right audience. Do due diligence to understand your market segment. A perfect product released to the wrong audience is a flop.
Mixing Personal And Business Accounts
Lack of structures in small businesses highlights another major setback. Finances are a crucial part of any business. It is the reason any company exists. Given its significance, there should be clear financial structure.
Business money and personal funds should never mix. If you were in the process of acquiring a mortgage through leads from sites such as Homes.Loan, channel the funds to its intended purpose. It may be tempting to support the business in the hope that you will refund. The expenses may also be subconscious.
Transparent structures from the onset are vital. Keep all the records and enter all figures in their right entity. Make a provision for business related receipts, invoices and any other relevant paperwork. It will be easy to account for and tell the direction the company is taking with proper records.
The post Major Startup Threats That You Should Keep Off appeared first on MyVenturePad.com.
June 02, 2017 at 02:37AM
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Keith Higgins, the former director of the Security and Exchange Commission’s Division of Corporation Finance, rejoined law firm Ropes & Gray LLP, the firm said on Thursday.
June 02, 2017 at 02:32AM
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This is Why Lower Health Care Costs is One of the Benefits of Wellness
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The health and chronic disease prevention centers of America are now America’s worksites. There’s not a single group in America that does more to promote health and improve the health behaviors of our population than worksites. Our current medical system is a disease treatment system. It was created to treat, not prevent, arrest, or reverse health conditions. If you do have disease or existing health problems, the American system of medical care is very good, albeit extremely expensive.
One of the main benefits of wellness in the workplace is to improve employee health and prevent employees from having to use our expensive medical system. Employee wellness programs can impact employee health, but their direct impact on the high cost of health care is limited because many of the drivers of high healthcare costs are not impacted by wellness programs. Let me show you why this is so.
We have good research that shows us what the main drivers of healthcare costs are.
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Drivers of High Healthcare Costs
Unhealthy lifestyle behaviors are responsible for most chronic diseases. These diseases cause approximately 70 percent of all deaths and up to 75% of all healthcare costs. Lack of physical activity, poor diets and tobacco use are directly responsible for 70-90% of chronic diseases.
Salary and drug costs in the U.S. are the highest in the world. Physicians, nurses, and other healthcare providers make higher salaries than comparable professionals in other industrialized countries. In one company I consult with, the cost of medications has increased 27% in the past 12 months. Examples of soaring prices have been reported on multiple media outlets. Pharmaceuticals are the new gold rush.
Expensive technologies and procedures such as MRI and CT scanning are medical marvels that come at a steep price. Fearing possible litigation, physicians will practice defensive medicine and order these scans when they are often unwarranted. This is one reason Americans do twice as much imaging as other populations in the industrialized world.
Fragmented care refers to the uncoordinated and disconnected care provided by many healthcare facilities. Multiple doctors from different facilities, incompatible records systems, multiple surgeries and duplicate lab tests are common features of our healthcare system. These factors contribute to the duplication of procedures and tests.
Lack of cost consideration really refers to lack of cost transparency. Unlike free market transactions where a buyer and a seller agree over a known price, most medical patients have no idea how much things cost. By having insurance, many people never see the price of goods and services and do not base their decision to purchase based on price. Price is decided between the healthcare provider and the insurance company which makes it easier to increase prices.
Fee for service refers to the idea that doctors only get paid when they provide a service—put something in you or take something out of you. Financial incentives are based on quantity of services provided, not quality. Hence, most physicians have direct financial pressure to provide a service whether or not it is needed.
High administrative costs exceed $1,100 per person per year. Excluding the actual cost of providing health care, it costs $1,100 per person just to administer health care in the U.S.
End-of-life care is the most expensive of all medical care. One out of every four Medicare dollars is spent on end of life care. In 2012, that was $125 billion.
Provider consolidation means hospitals and physician groups are banding together with the goal of increasing market share. With each consolidation comes the tendency to increase the cost of services because of reduced competition.
This list of cost drivers is not comprehensive but it does include the most important ones. Worksites may not see or understand how healthcare costs are impacted by these drivers, but they do understand that there are strategies that can be implemented to try and slow cost increases. Some of these are more effective than others, depending on the worksite.
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Strategies to Lower Health Care Costs
Drop insurance completely by forcing employees to seek healthcare coverage in the exchanges. Larger employers can pay the federal penalty each year and pass the remaining cost of health care directly to the employee. This is another version of healthcare cost shifting that many companies have considered. This is exactly what Walmart did with it’s 30,000 part time employees. Others are doing the same. If dropping insurance coverage is too bold, you can do what most employers do, pass the cost increase along to your employees.
Change insurance carriers/ negotiate better rates in an attempt to get better pricing. Most carriers will negotiate hard to get your business. It may be possible to shave a few percentage points off the cost during year one, but soon after the honeymoon is over, cost increases continue. This strategy is usually a dead end.
Self insuring means employers pay for employee healthcare costs directly. With this approach the risk of high healthcare costs is born by the employer. Stop loss policies help protect agains catastrophic costs. Once thought to be a strategy of large corporations, there are insurance companies that will self-insure a company with as few as 50 people. This can help reduce approximately 7% of the cost that is associated with administering a fully insured insurance plan.
High deductible plans are more popular than ever. They are the ultimate in cost shifting. Some studies have shown that when your employees begin a high deductible healthcare plan, healthcare costs can be reduced by as much as 5-14%.
On-site clinics are loved by employees and they may well have a big impact on employee productivity, but it is still unclear if they can actually reduce healthcare costs.
Disease management includes strategies to manage the chronic conditions of high-risk, high-cost employees. The research says disease management can improve patient care and may improve health outcomes, but fails to save money.
Workplace health programs are one of the most effective and well accepted cost reduction strategies. The government and universities have demonstrated that effective workplace health programs don’t eliminate the drivers of healthcare costs, but they do reduce the demand for healthcare services. Said another way, workplace health programs help worksites avoid high health care costs because they help employees stay healthy and stay out of the healthcare system.
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Workplace health programs will not impact many of the drivers of healthcare costs, but they can impact unhealthy behaviors and this is why saving health care costs is one of the main benefits of wellness. By helping employees adopt and maintain healthy behaviors, they improve their health and avoid chronic diseases. Without chronic disease the cost of health care is greatly reduced. Skeptics may doubt this logic, but I’ve published numerous research articles showing that is exactly what happens. Worksites who do wellness program correctly will experience lower health care costs. They experience wellness outcomes that demonstrate improved health behaviors, lower health risks, and dramatically lower health care costs. You can see this evidence here.
So What?
This last image shows how an effective employee health program can have a direct impact on at least one of the divers of healthcare costs: unhealthy behaviors. One of the benefits of wellness is that comprehensive wellness programs keep people out of the healthcare system. When you are not in the healthcare system, the drivers of healthcare costs are muted. Reduced health care costs is just one way how wellness programs save money.
May 26, 2017 at 02:28AM
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Are you a business owner heading for a crossroads in your current workforce model? Is an outplacement service something that you have been considering? You are not alone. Since the global recession, more companies than ever before have experienced the business value of outsourcing certain key functions — such as recruitment, payroll, customer service, and product development. Outsourcing and outplacement models have revolutionized the way that many organizations operate, by taking advantage of available resources. The driving force behind this is cost management.
The availability of outplacement vendors has created a competitive market for business owners to choose from. However, this doesn’t mean that all solutions are right for every business. It’s not about one-size-fits-all; it’s more a matter of customizing and adapting to the needs of each business. For this reason, your company needs a scalable outplacement service.
Why is scalability so important in outplacement?
The most obvious answer to this question has to do with the way that most business grow. What starts out as a small idea with a select few number of employees can quickly outgrow internal systems as more projects and people are put into place. A recruitment outplacement service that can expand and adapt to the changes of your business can stand the test of time.
Another reason why scalability matters in an outplacement solution has to do with technology. Every business owner knows that technology changes at such as rapid pace, meaning that works today may not be so relevant tomorrow. A scaleable outplacement provider will be continually adding new features and updated systems to ensure that your business stays well ahead of trends in the recruitment market.
Scalability can ensure that as your company changes with the demands of your market, there will be a solution in place to bring on quality employees and outsource key functions that the human resource team has little time to focus on. This enables the business to utilize all it’s available resources in an efficient and cost effective manner.
How scalability supports a sustainable business model
A decade ago, a team of researchers at Harvard University, Michigan State University, and the University of North Carolina at Chapel Hill got together to study the impact that e-services had on businesses in the real world. At that time, the Internet as we know it was still introducing the concept of cloud software as a service (SaaS) and so this was relatively new to business owners. However, the idea of sustainability was critical as organizations were facing difficult times ahead with the recession just over the horizon and new ways of doing things that would shake up business models. The study, published in the Journal of Operations Management, indicated that companies were concerned with the reliability of software systems and therefore the ability to deliver on their promises to customers. Without this commitment, sustainability and reputations are impossible.
One can see how scalability plays into this idea, very easily. When a software solutions provider is scalable, it is able to take feedback and requests from partner companies and turn them into new and better services. A scalable recruitment outsource company, for example, can design customized services that enable an organization to increase or reduce a workforce as project demands ebb and flow. The business feels less negative impact either way, and business goes on as usual.
From an human resources perspective, being able to deliver on promises to candidates and employees is very important too. It’s part of the overall brand of the company. An organization that can maintain consistency of recruitment and employment practices by choosing vendors that have the same values is crucial for remaining a preferred employer. Anything less can damage an organization’s reputation and future outlook.
May 26, 2017 at 02:28AM
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A new clinic in New York City is helping moms prioritize their mental health with its focus on diagnosing and treating women for postpartum depression and other postpartum disorders.
The Motherhood Center of New York, which opened two months ago, offers treatment for moms battling perinatal mood and anxiety disorders. Most commonly, the staff there treats moms with postpartum depression, but they also help women with postpartum anxiety, postpartum OCD and postpartum psychosis along with patients dealing with infertility and pregnancy loss.
Paige Bellenbaum, program director at the Motherhood Center, said the hundreds of calls the clinic has already received reflects how many mothers need this resource.
“Just by design of opening this and of all the attention that has been in the media lately with famous people coming forward and more and more people sharing their stories, we’re seeing an uptick in the willingness to treat perinatal mood and anxiety disorders,” she told HuffPost.
For mothers with moderate or severe depression, the Motherhood Center offers a day program that lasts five hours a day (Monday through Friday) for about two to three weeks. The program includes individual and group therapy sessions as well as mother-infant therapy, a meditation room, breathing exercises and medication management as needed. Billy Ingram, cofounder and CEO of the Motherhood Center, told HuffPost that about eight patients have graduated from the program, and 10 more are currently participating.
The clinic includes a nursery so moms can drop off their kids and concentrate on their visits, as well as a support group for partners of patients seeking treatment so they can discuss their feelings and learn how to be supportive. There is also a class for LGBTQ and gender-nonconforming people along with a class for new moms. The clinic’s staff includes psychiatrists, psychologists, an art therapist, a meditation instructor and a sleep hygiene instructor.
Ingram, who is Australian, told HuffPost he became motivated to open the Motherhood Center after realizing the gap in treatment in postpartum disorders in the United States. After spending 10 years in Australia, he realized the U.S. lagged behind in this important matter.
“I was looking at the spectrum of care that exists in Australia in the perinatal period and coming over here and seeing at how undertreated it was and the general lack of awareness made it seem like there was a really good opportunity to treat this,” he said.
Dr. Catherine Birndorf, cofounder and medical director of the Motherhood Center, told HuffPost that “one of the biggest problems” they have seen in moms battling postpartum depression and other disorders is the stigma that initially dissuades them from admitting that motherhood has affected them in a negative way.
“Nobody wants to talk about it,” she said. “People will talk about diabetes, we talk about cancer, but no one can talk about this, and I think it’s important to recognize that motherhood is this sacred construct that I think makes it hard to be totally real about.”
Bellenbaum echoed Birndorf’s thoughts when explaining what she thinks many moms expect when they are pregnant or right after welcoming their child.
“I think there’s so much pressure from society that women are to become mothers and that it’s going to be a natural, beautiful experience and they’re going to be able to make dinner and work and be a great mom and do everything right and that is absolutely not the case,” she told HuffPost.
That’s why the Motherhood Center has set out to ensure moms it’s OK to not be OK and to remind them, in Bellenbaum’s words, that the “fantasy of the perfect mom doesn’t exist.”
For more information, head to the Motherhood Center’s site.
The HuffPost Parents newsletter, So You Want To Raise A Feminist, offers the latest stories and news in progressive parenting.
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May 25, 2017 at 02:32AM
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The news came as the club filed accounts for the year ending July 31, 2016, showing that last year’s championships were a record-breaking event.
May 07, 2017 at 02:32AM
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We asked Christina Pease, of TaxAssist in Maldon, Essex, to deal with our tax affairs. When she produced some accounts, she wanted £600 each, which we paid.
May 07, 2017 at 02:32AM
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Salford saw the biggest boost in the first quarter of the year, at a time when start-up growth overall is decreasing.
May 07, 2017 at 02:32AM
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Matt Davies, in his first interview since arriving to run the £43billion British chain two years ago, said his own health scare spurred a drive to make Tesco a healthier place to shop.
May 07, 2017 at 02:32AM
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Sinclair Pharma has also set its sights on older consumers, but its customers need rather more spare cash.
May 07, 2017 at 02:32AM
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HOUSTON–(BUSINESS WIRE)–#BPMS150–Cyclists from Gardere Wynne Sewell LLP were among the tens of thousands of participants over the weekend in the 33rd Annual BP MS 150 benefiting the National Multiple Sclerosis Society: Lone Star Chapter. Prior to this year’s ride, the firm raised a total of $2.1 million over the last 14 years to directly benefit cutting-edge research, programs and services to help find a cure for multiple sclerosis (MS). This year Team Gardere hopes to raise at least $160,000. As of t
May 02, 2017 at 02:29AM
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