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Best Practices In Relocating Your Millennial Workforce

Here’s a staggering fact: Millennials (Gen Y) make up the largest generation in the current workforce. This has impacted the way organizations run their workspaces in a way that skews towards technology, collaboration, and flexibility.

This being said, companies need to change the way they conduct relocation practices. According to an article in SHRM, the majority of HR managers report that millennials are the hardest generation to relocate as they don’t see relocation as a priority and have different requirements and goals in mind.

As relocation is crucial in retaining top talent and company culture in a new area, we’ll take a look at some of the best practices you can conduct in order to relocate your younger, vibrant employees. 

Give Them More Autonomy.

A stark contrast between millennials and the generations before them is their preference towards being in control. They want their employers to cooperate with them Read the rest

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Pension Awareness Week goes virtual

The annual Pension Awareness Week roadshows have gone virtual, with the launch of a five-day online event to help people with pensions, money and financial wellbeing.

The annual campaign is run by pensions consultancy Pension Geeks and usually sees the company travel to multiple locations across the UK. It takes place around the official UK Pension Awareness Day on 15th September.

The five-day virtual event will give people the chance to send live questions to be answered by a ‘Pension Geek’ and can also have retirement planning questions answered in a pre-booked one to one guidance session.

The online platform will also feature a range of videos, blogs, tips and other useful and practical resources. It will remain live for one week after the event, to enable people to view any of the content on demand.

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The campaign is being supported by the Money and Pensions Service

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Wirecard Inquiry Probes Why Germany Missed Fraud of Century

(Bloomberg) — Germany’s blame game over Wirecard AG’s collapse is focusing in on the question of why authorities failed to take a harder look at the payments company before it became the country’s biggest accounting scandal in living memory.Lawmakers will question a top adviser to Chancellor Angela Merkel on Monday in Berlin before grilling financial industry watchdogs the following day as the fraud that burned investors engulfs the country’s political establishment. If the hearings go badly, parliament may start a deeper investigation as the country prepares for the post-Merkel era in an election next year.Wirecard’s crash from rising star to national disgrace has undermined the country’s reputation as a reliable place to do business and delivered a major blow to its fragile base of retail investors. While the government is taking action to prevent a repeat of similar cases, authorities have struggled to dispel the impression that they were more … Read the rest

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Very Easy Ways To Save Money In Your Office Right Now

It is not at all easy to survive in the business world these days. This is especially the case when you need to save cash. Countless brilliant business ideas ended up failing simply because of improper cash management. Due to this simple fact, the importance of saving money cannot be underestimated.

Fortunately, there are different things that you can do in order to save cash. However, regardless of what you choose, make sure that you have a good accountant that you can trust handling your books. This offers the legal protection you need. Besides this, here are some tips to help you save money in your office right now.

Negotiate.

The more business experience you have, the quicker you figure out that everything can be negotiated. This is why you should never settle for the initial price that you are offered. Talk with the landlord and try to negotiate long-term … Read the rest

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ESG climbs up Financial Planning agenda

Three in five (60%) Financial Planners are now factoring in ESG related questions when speaking to clients and undertaking fact finds, according to a new report.

A further one in five (22%) of those surveyed said they expected to introduce ESG related questions in the next twelve months, according to the report from analyst firm AKG and wealth manager Charles Stanley.

The report said there is growing interest amongst consumers with investible assets of more than £100,000 to ensure their investments are sustainable and socially responsible. It said that nearly a quarter (24%) of this group of respondents had independently reviewed their investments to ensure that they are sustainable and socially responsible, and over a fifth (21%) had done so with the support of an adviser. 

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John Porteous, group head of distribution at Charles Stanley said: “While awareness and appetite for socially responsible investing are increasing, we still

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Is Big Oil Still a Big Deal?

(Bloomberg Opinion) — From Monday there will be just one oil company in the Dow Jones Industrial Average — Chevron Corp. The removal of Exxon Mobil Corp. from the index after an uninterrupted presence since 1928 shouldn’t come as a surprise. It’s not the end of Big Oil, but it may signal the start of the beginning of the end.It may seem odd to remove one of only two oil companies in the index at a time when the shale boom has transformed America's role in the global market. After all, the U.S. now produces more oil and more natural gas than any other country. Last year’s domestic oil production was up by 125% from levels in 2010, while gas output has increased by 60%.But those figures only tell part of the story, and not the most important part.It’s not the first time that there’s only been one oil and … Read the rest

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Pieces Of The Same Puzzle: How Business And Marketing Plans Work Together

by Annabel Maw, Director of Communications at JotForm

A marketing plan is integral to the success of any growing business. A company can have excellent products, but no one will ever know they exist if they’re not promoted well. Marketing bridges the gap between a business and the rest of the world, communicating a product’s offering, bringing in customers, and generating sales — but that bridge needs a sound strategy as its foundation.

 

Whether you’re trying to expand your marketing team, get your business off the ground, maintain momentum, or secure outside financing to expand, a marketing plan is essential. Although a marketing plan is key to running a successful business, it’s not a substitute for a business plan; the two strategic documents have distinctly different goals and serve different purposes.

 

Business Plans vs. Marketing Plans.

 

A business plan outlines a company’s overarching vision and goals. It Read the rest

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Paraplanning Hub scales up during lockdown

Financial Planning firm The Paraplanner Hub has increased its workforce as business continued to boom during lockdown.

Former financial adviser Tony Slimmings started offering freelance paraplanning services in early 2017, before scaling up and launching The Paraplanning Hub based in Castle Eden in December 2019. He has since taken on five new team members across the UK to grow its financial administration services.

The new roles include a practice manager, an administrator, two paraplanners and a systems analyst.

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Despite having scaled-up a business during the upheaval of the coronavirus pandemic, Mr Slimmings is positive that the crisis can offer opportunities for growth – and is already planning further expansion.

Mr Slimmings said: ““Since 2017, the company has changed from a freelance paraplanner business to a full-service adviser support company. We offer financial administration and paraplanning support to allow single adviser firms to operate without the need for staff

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Is Facebook a Buy After Shops Feature Expansion? This Analyst Says ‘Yes’

In the current stay-at-home environment, it’s all about e-Commerce. While the shift from brick-and-mortar retail to online shopping had already been underway for quite some time, COVID-19's romp around the globe certainly accelerated it. To this end, companies everywhere are making a significant effort to keep up with the trend.This includes the likes of social media titan Facebook (FB). Back in May, the company launched its Shops product on a limited basis, offering it to only select businesses. Writing for Stifel, 5-star analyst John Egbert notes “this offering provides SMBs with the ability to build a unified transactional storefront across Facebook Pages and Instagram business profiles with direct customer service integrations through Messenger, Instagram Direct, and WhatsApp.”On August 25, everything changed. The company revealed that Shops will now be available to all eligible businesses globally. Therefore, most of the roughly 160 million small businesses that maintain a business page on … Read the rest

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Mid-Pandemic Marketing 101 For Professional Service Companies

by Mike Donaldson, Carol Eversen, and Slade Kobran, CMOs at Chief Outsiders

Professional services have always been a people-to-people business, but now the industry is in a situation where professional interaction has radically changed. This represents a tectonic shift — in the services provided, the way they’re provided and business development efforts.

Same Clients – New Behavior and Expectations.

Over the past few months, many professional services firms have taken a hard look at what’s different and what they need to change to keep their revenue growth engines running strong:

  • They’ve realized that without face-to-face meetings, it’s harder to understand their client’s current needs
  • They’ve learned that the focus may be substantially reduced in some areas of practice — yet increased in others
  • They’ve been forced to consider alternate business development strategies

From law firms to consultancies, client behavior has changed and expectations are different. Some are looking for flexible … Read the rest