Importance of Saving money

I always suggests people to save money and have some fixed percent of income for savings. Some of them took my advice, some of them didn't but realized it lately and some of them ignored it and not realized it yet.Those who realized it later asks me for suggestions.

Many people in our country would have realized it in the recent recession. But for those, who still didn't realized it, no one can save them especially when we are in another recession before recovering from the previous recession. There are plenty ways to save money.

Prepare a budget every month. This will help you in analyzing your expenses and avoid unwanted expenses. Budget is an important tool to manage the money for every family. Write down all the upcoming expenses for a month in the budget and work accordingly. Also note down each and every penny you spend throughout the month and then compare it to your budget.

Contribute to your retirement and savings account as much as possible. Also invest some part of your money anywhere you like. Read other posts. You will get some ideas for savings and investments. If you want some tips then contact me in Ask Me section.

Master's Degree: Good or Bad

Many of those who graduated this year or are going to graduate next year will have a question: Whether to go for job or for higher studies? In most of the cases it depends on your interest. But sometimes you need to consider other factors also especially now, as we are be entering another recession.

The first thing you need to think on is that, can you afford it. If yes, then you don’t have any problem. But if you cant, you still for financing options. You can go for loans. But before applying for loan you have to think on many things like interest rates, time duration etc. You can read about student loans in other posts in this site.

Secondly, you have to think whether the degree is worth the money and time you put in it. Some people think that they can get a high salary job with an extra ( or master’s degree). On the other hand others think that they can get experience and promotions in 2 or 3 years in which others complete their degree. Check payscale site to get a clear idea about whether the degree is worth it or not. If you are still confused, ask me.

Each and every career is different. The decision also depends on the career you are in. Some careers require more experience and some require more knowledge. Some requires combination of both.

My suggestion is to go for distance education or online studies, which helps you in getting experience as well as degree. It is cheaper than regular degree.

Is America still on top of the world

America is known as the superpower of the world. But is it still on top. No, America is not the superpower today and if the same situation continues, in a decade we will be worst than another country on earth. We are going down in every way from economically to culturally. This situation is not because of the government, it’s because of each and every one of us. 

Everything we do effects are country. Our styles, habits, choices etc has an impact on our country. We won’t be the proud Americans as we were in the past.  Our government is not stating the exact details of the situation and the estimates. But it is clear that our future is in danger until we decide to change it.

Our literacy rates are lower than a developing country. Check out the literacy rate of any random city with any of our top cities like NY, LA, Chicago etc. Most of our colleges are filled with foreign students. Our students are dropping out in colleges. Many of our students don’t even pass high school. All the top professionals are foreigners who immigrated recently.

Another problem is the way we manage our money. Our savings rate is lower than any in the world. We don’t use our money effectively. We spent more than what we earn. Families should plan well to use their money effectively.

There are number of problems, which we need to solve to regain the position. And one cannot expect the government or any company to solve it. You might have seen that in some countries common people are getting together against the government for them and their country. We don’t have to get together to act against our government but we have to get together to change ourselves. Let’s change ourselves for us and our country.  

Top Reasons to Use Payroll Services for Pre-employment Services

Payroll service providers offer many different services to companies that can help them do many of the things that you see on the list below:

- Streamline business processes

- Satisfy customers

- Help employees do their jobs

- Maximize profit

In addition the above services there are many other things that business payroll services can do for most companies. One of the most notable things a payroll service provider can do, other than outsource payroll services and the following tasks is pre-employment services:

• Human resource outsourcing

• Payroll services

• Payroll tax and compliance assistance

• Benefits and workers’ compensation outsourcing

• Time and attendance monitoring

• Pre-employment services

• Retirement Services

Pre-employment services encompass many things, including increasing productivity, generating competitive advantage and ensuring a rapid return on investment capital. By reducing a company’s inefficiencies and streamlining processes a payroll service provider has the ability to help you attract quality employees, retaining top talent, successfully screening prospective employees and improving current employee performance.

With a payroll service provider offering their service to a company that respective company will have the ability to save as much money as possible by utilizing the pre-employment capabilities of a payroll service provider. Good people are one of a company’s biggest assets, so it would make sense that pre-employment services are a hot commodity; payroll service providers have the ability to help you with recruiting, streamlining your hiring processes (if you simply use them in an adversarial role) and improving current employee performance. This will help you receive a solid return on investment on your capital.

In addition to the above services, payroll service providers do a lot of other things with regards to pre-employment services. The following list is a small example of the possible capabilities:

- Align your strategies for acquiring, managing, screening, deploying and retaining talent

- Streamline your entire hiring process and minimize process redundancies

- Reduce overall compliance risk

- Increase your return on investment (ROI) from tax credit and incentive programs

- Support company-wide hiring processes with defined business rules, personalized workflows and advanced security measures

- Meet changing needs using a hosted, on-demand platform

Aligning your strategies will help you save money and utilize your people more effectively. Streamlining your hiring process and minimizing redundancies will help you get the best people that you possibly can. Reducing your overall compliance risk will help you reduce or get rid of fines that you receive for not filing paperwork properly. Increasing your ROI from credits will help you increase your bottom line and provide your employees and company with more opportunities. Supporting company-wide processes will help you provide your company and employees with a more specific direction and will give people more motivation to work towards common goals. Lastly, by meeting changing needs using technology you will put yourself ahead of the competition from an employment perspective and your employee asset base will be high, which will give you a competitive advantage over competitors.