More than half of Americans have suffered paycheck problems

More than half of Americans have suffered paycheck problemsMore than half of Americans have suffered paycheck problemsIf youve ever been paid late, underpaid, overpaid or had trouble understanding your paycheck and taxes,youre not alone.82 million Americans- more than half of the U.S. workforce- have experienced a problem with their paycheck during their career, according to asurvey released today by The Workforce Institute at Kronos Incorporated.Just as surprising not understanding all the line items on a paycheck made workers less motivated in their jobs day to day. Not understanding the impact of taxes and deductions on how much workers earn has an impact on their engagement at work, the report found, based on data from the U.S. Bureau of Labor Statistics report from January 2017.Paying people accurately can be very complicated to do but its so important because of impact that it has on people, saysJoyce Maroney, director of The Workforce Institute at Kronos.Paycheck problems mak e you less productivePayroll problems have taken many forms.The survey found that 26% of hourly workers have been paid too little, 15% reported having been paid late, and 6% said they have been overpaid.Having extra money gives you more flexibility, but thats not the case for everyone.The survey found that 58% of workers and their families live paycheck to paycheck, which is why the finding that 37% of American employees have reportedly had to make a late payment on a bill such as their car loan, credit card, mortgage, or apartement/home rent because of payroll problems is so concerning.Maroney told Laddershow some payment issuesarise humans.A paper and pencil process is more prone to human error than one thats automated, Maroney said - which you would expect her to, considering thats exactly what her company does Payroll professionals are serious about doing a good job- their job is easier when they have great technology to help them, she said.Human error is just part of the prob lem.Any manager, wherever theyre working in the world, needs to understand the relevant labor laws that apply to their situation and its also important for employees to understand what those rules are, Maroney said.Want to be happier? Understand your paycheckYou dont know what you dont know, but that could be taking a toll on you at work.The survey found that 42% of all workers say taxes and deductions on their paycheck are confusing to read and understand and that 45% of American employees say they would feel more engaged with their job if their employer helped them better understand the impact of taxes and deductions on their overall earnings.The surveyalso found that 15% of participants reported that they do not understand their tax forms enough to even recognize an error.Maroney gaveLaddersadvice on what companies can do.A lot of people are perplexed by deductions on their checks, and its worth the employer making the effort to educate employees on how to read payroll statement so they get how much is coming out of their check and for what purposes, Maroney said.But not understanding financesisnt a new phenomenon foradults in the U.S.A 2015 NerdWallet survey of 1,015 adults in the U.S. found that the average U.S. adult scores about 50% on personal finance questions related to U.S. federal income tax returns. The 10-question quiz featured topics like retirement, healthcare and putting money away for college.Unfortunately, not liking your job is also bad for business.Gallups 2017 State of the American Workplace report found that actively disengaged workersare more likely to steal from their company, negatively influence their coworkers, miss workdays and drive customers away. Gallup estimates that actively disengaged employees cost the U.S. $483 billion to $605 billion each year in lost productivity.Understanding your whats taken out of your paycheck and how to complete tax forms could make you feel more connected to your job. And tax season is upon us, so m ake this the year you really delve into understanding your taxes before April 18.

Business Plan FAQ - United States

Business Plan FAQ - United StatesBusiness Plan FAQ - United StatesBusiness PlanWhy do I need a Business Plan?Lenders and investors are constantly presented with new geschftlicher umgang proposals. If you provide all the required information in a consistent format then lenders and investors can make an efficient and fair analysis about the viability of your business ideas. By preparing a comprehensive business plan you send a message to your lenders and investors that you have already made an objective assessment of your business ideas and that you are serious about your business plan.What are the benefits of a Business Plan?Benefits of a Business Plan include Ensures you take a disciplined approach to analyzing your business ideas. Shows your investers and lenders that you have systematically analyzed your business ideas. Helps you clearly define your goals and what you want to accomplish. Helps you identify and analyze your risks as well as your opportunities. Helps you assess the s trength of your target market. Helps you define your day-to-day business processes and challenges. Helps you analyze costs and capital requirements.DefinitionsWhat is an Executive Summary?An executive summary is a brief overview of a document. It allows the reader to quickly get an understanding of the content of a document without having to read the entire document.What is a Mission votum?A Mission Statement describes the current purpose for the business. It answers the question What is our current business?. It should identify the products, services, markets and customers of the business. The mission statement should be easily understood and should help employees and customers understand the day-to-day focus of the business. Be honest and objective when drafting a mission statement. A mission statement that is unrealistic or inaccurate may cause cynicism in employees as well as in existing customers.What is a Vision Statement?A Vision Statement describes the future aspirations for the company. The Vision Statement should describe a strong and positive future that is beyond the comfort level of current day-to-day expectations.What is a least-cost provider?In any market there are businesses that target the high-end luxury market, companies that target the middle market (good value but lower price) and finally companies that sell a comparable product but for the least cost. Typically the product in this final category is a no-name brand and may be of a lesser quality. This final group is called the least-cost provider.What is a SWOT analysis?A SWOT analysis is a planning tool to help you objectively assess a business situation. The acronym SWOT stands for Strengths, Weaknesses, Opportunities and Threats. Strengths and Weaknesses are internal factors affecting the success of your venture while Opportunities and Threats are external factors affecting your success. A SWOT analysis helps you objectively analyze the potential for your organization. A SWOT analysis c an be used for planning at the organizational level or it may be used at a departmental level. What is a Capital Requirements Plan?A capital requirements plan describes how much money you need to finance any new business purchases as well as day-to-day operations in order to accomplish your business plan. It should describe how much cash you and other investors have provided and how much more you will need. It should also describe how this cash will be paid back.Financial StatementsWhat is an Income Statement?The income statement (also called profit and loss statement) establishes the profit or loss a business has made in a given period by comparing revenue to expenses. The income statement will show the financial progression of an organization over a period of time.What is a Cash Flow Statement?The cash flow statement shows the net change in cash holdings for an organization by comparing the cash coming in to the cash going out for a fixed period of time. Projected cash flow statem ents will help an organization anticipate cash requirements and help prevent crippling cash shortages.What is a Balance Sheet?The balance sheet describes the net worth of an organization by comparing assets, liabilities, and owners equity. The balance sheet shows the financial state of the company at one point in time.What is Cost of Goods Sold (COGS)?In a manufacturing environment, Cost of Goods Sold includes the material costs AND the direct labor costs necessary to produce finished goods. In a simple retail or wholesale environment COGS can be calculated as beginning inventory plus purchases minus ending inventory. Ideally this indicates the inventory consumed in the reporting period.

Studios

Studios StudiosStudiosStudios is a mobile app that gives recruiters the power to record, edit, and publish videos to Job Ads in minutes. Now you can reach candidates in a more intimate and authentic way. Currently in beta, Studios is being offered as a value-add to customers who purchase Job Ads. Access the Quick Reference Guide and watch the training videos below to see how easy it is to create yur own video job ad with Studios.Sign up for Free Live Webinar Training Studios Training GuidesQuick Start GuideFollow along and create your first video job ad in minutes helpful tips included.Studios User GuideKeep this resource bookmarked for quick reference while youre creating your video job ads.Sample Scriptselend sure what to say? Check out our sample scripts for inspiration and get some advice along the way.Studios VideosStudios OverviewSee how Studios can work for you.Studios WebinarLet our Trainer, Maggie, walk you through the steps of creating your very own video job ad with the S tudios app.How to RecordRecord a professional video to include with your job ad. This video will walk you through it from start to finish.How to EditCustomize your video job ad with text overlays, images and more. Its easyHow to Post and ShareAdd your videos to your job postings. And find out how you can share them with your social network, too.Advanced EditingOnce youve mastered the basics, check out some advanced editing features youre sure to love. StudiosStudiosStudios is a mobile app that gives recruiters the power to record, edit, and publish videos to Job Ads in minutes. Now you can reach candidates in a more intimate and authentic way. Currently in beta, Studios is being offered as a value-add to customers who purchase Job Ads. Access the Quick Reference Guide and watch the training videos below to see how easy it is to create your own video job ad with Studios.Sign up for Free Live Webinar Training Studios Training GuidesQuick Start GuideFollow along and create your first v ideo job ad in minutes helpful tips included.Studios User GuideKeep this resource bookmarked for quick reference while youre creating your video job ads.Sample ScriptsNot sure what to say? Check out our sample scripts for inspiration and get some advice along the way.Studios VideosStudios OverviewSee how Studios can work for you.Studios WebinarLet our Trainer, Maggie, walk you through the steps of creating your very own video job ad with the Studios app.How to RecordRecord a professional video to include with your job ad. This video will walk you through it from start to finish.How to EditCustomize your video job ad with text overlays, images and more. Its easyHow to Post and ShareAdd your videos to your job postings. And find out how you can share them with your social network, too.Advanced EditingOnce youve mastered the basics, check out some advanced editing features youre sure to love.