What is Asset Management

What is Asset Management

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What is asset management?
It is the investment management of collective investments often offered as a service by portfolio or wealth managers within the context of “private banking” to private investors. Its aim is to provide maximum returns at minimum investment or cost to the client.

The first priority of any asset management team is to identify the company’s assets or resources. The definition of asset can be anything owned by the client in terms of cash, property, goods, savings and investments.

Should this be in a commercial set up, assets will comprise of monetary investments, plants, infrastructure and its human resources. When this has been identified, the team will then check which one is profitable and what isn’t.

If an asset is doing well, then they will leave it be. Just like the line that goes “ if there is nothing wrong with it, why fix it?” However, if a certain asset is not profitable, the asset management team may present options to the client. Should this asset be sold or can this be made into something money generating.

An example could be after evaluating the machines used in the factory, the team will give their assessment if this should be repaired or if this should be replaced. In some cases, buying something new will save the company more money in the long term because you don’t have to worry about looking for spare parts that could already be hard to find.

But these are just tangible resources. Every client also has non-tangible resources that are namely the human resources of the company. People are considered to be non-tangible because the company does not own them but merely employs them.

If there are inefficiencies in the company, this can be addressed by managing it so things can change. The team needs to first study the various departments and the individuals before it is able to come up with an action plan. It is possible that some of the positions are redundant while some need more manpower. The team may recommend reducing personnel in one department to fill the need of another or totally scrap it.

Aside from improving their skills, they can also provide other things such as comfort level and security as this motivates people to work harder once a policy has been made to maximize the output of each employee.

Apart from checking on the assets, the team may also offer opportunities to the client so that their money will grow. For instance, he or she may recommend investing in certain things such as the stock market, oil, gold, bonds and other things of value.

There are many asset management companies out there who have the expertise to help you become more efficient. If you are interested in getting their services, you should do some research to find out if they do have what it takes to achieve your goal.

So what is asset management? It is a process that involves looking at the various things that the company has as well as the people who work there. If the client is able to listen to the inputs of the asset management team and follows everything, there is a good chance that the company will continue to grow which simply translates to profit.

Values Survey Tools

Values Survey Tools

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Values survey tools are commonly used by some individuals and organizations today. These tools actually vary according to the style, forms, and preferences, but all of them share the same aim and that is to measure certain values or behaviors of some individuals belonging to a certain group for the purpose of enhancing the individual and organizational effectiveness.

A number of values survey tools are used today. One of the commonly used values survey tools is the assessment survey. The assessment surveys are actually conducted by certain individuals and organizations in order to find out the diversity, training, as well as the overall organizational performance. These are also some versions of these values survey tools, such as the custom-surveys and measurement systems of Hubbard & Hubbard, Inc., that are generally designed and developed to meet the individual and organizational business needs.

Aside from that, there are also some values survey tools that generally measures the engagement and the performance of certain members of certain groups. To mention, there are the Employee Engagement survey that allows the organizations to form an engagement profile of the workforce and assess the extent to which the employees see themselves as the contributors, jobholders, or owners of the organization. Then, there is the Linkage Analysis Framework, one of the well-known values survey tools developed by the HR Services of the Organization and Employee Research, which acts and serves as a proven methodology for the quantification of the relationship between the behaviors of the employee, the customer satisfaction, as well as for the financial outcomes.

Some of the organizations also employ the Culture Profiler ™, which is actually one of the values survey tools and assessment tools that works to define both the descriptors of organizational culture and the drivers of the culture change. This survey tool is highly considered by many as one of the effective values survey tools perhaps for the reason that Culture Profiler ™ allows the comparisons across the functions and these values survey tools consequently forms the foundation for dialogue particularly on the similar traits or values as well as on the differences. And, as one of the effective values survey tools, the Culture Profiler ™ can be applied either for combining organizations or for altering the current culture to the desired culture.

The values survey tools are so common among many people today, especially to those who are running a particular organization or business. They are now used by some people not just to identify the values of the members of the organization, but for the group to identify some aspects that need certain adjustments for the benefit of the group itself.

Compensation Resources, Inc. Releases Its 2004 Turnover Survey

Compensation Resources, Inc. Releases Its 2004 Turnover Survey

Upper Saddle River, N.J. – September 2004 – Compensation Resources, Inc. has released the results of its 2004 Turnover Survey. The purpose of this study was to obtain turnover statistics and trends. Data was compiled from survey questions that were developed by CRI and distributed to companies in over ten industrial classifications, in addition to Not-for-Profit organizations. The survey sampled turnover data from a variety of organizations, collected in July and August 2004.
Results indicated that from May 31, 2003 to May 31, 2004, the average voluntary turnover rate was 11.3%. The majority of respondents indicated this rate has either increased or remained the same, while only 20.9% of participants indicated this rate has decreased in the prior 12-month period. Of all employee functional groups, Administrative level and Production level positions show the highest voluntary turnover rates; however, according to survey participants Administrative and Production level positions also take the shortest amount of time to fill. Overall, the cost of turnover to organizations is on average ½ x the employee’s salary to 1x the employee’s salary. Lastly, participants indicated that employees usually leave the organization because there is better pay and/or benefits offered elsewhere, better opportunities/increased responsibilities offered somewhere else, or involuntarily due to company layoff. Some additional highlights:
Industry Voluntary Overall
All Industries 11.3% 17.6%
Business Services 20.7% 26.5%
Engineering 5.5% 8.4%
Financial/Insurance 11.2% 17.5%
Healthcare 11.1% 18.0%
High Technology 10.8% 21.0%
Manufacturing 4.2% 7.4%
Not-for-Profit 11.7% 18.9%
Other 12.0% 20.5%
Pharmaceutical 8.1% 13.5%
Sales 13.4% 26.8%
Utility/Energy 3.6% 6.4%
Although some turnover is inevitable, organizations must take steps to control turnover, particularly that caused by organizational factors such as poor supervision, inadequate training, unfair pay systems, lack of communication, and inconsistent policies. Human resource activities should be examined as part of the turnover control efforts.
Compensation Resources, Inc. (CRI) provides compensation and human resource consulting to start-up, emerging, and middle market companies.
CRI specializes in Executive Compensation, Board Advisory Services, Salary Administration, Performance Management, Salary Administration, Sales Compensation, and Expert Witness services.
For more information on our consulting services, please contact us at (201) 934-0505 or visit our website at www.compensationresources.com.

Fashion Jewelry Exporter

Fashion Jewelry Exporter

ExtremeDesign Export Trading is a Fashion Jewelry Export Company based in Cebu City, Philippines.
We manufacture, produce, and assemble fashion jewelries, gift items, windchimes and any kind of handicrafts Extreme Design and home decorative items made of indigenous materials such as sea-shells, wood, coco, bone, horn, stone, buri, bamboo and other natural materials.

We’ve been in this business since 1998 as a supplier in our local area and now expanding the business of EXPORTING HIGH QUALITY Philippine Handicrafts and Fashion Accessories that are EXTREMELY DESIGNED and suited to all styles and fashions worldwide.

We are rendering the best and unique designs of today’s market and have very competitive prices that will be offered specially for VOLUME ORDERS or WHOLESALERS. We strictly observe QUALITY CONTROL on our finished products to serve the best and gain more satisfaction to our foriegn buyers. We also customize designs exclusively for you. Just send us pictures of your designs and specification for quotation.

ExtremeDesign Export Trading (EDET) is for life, the better to savor and appreciate it. ImageThrough the lens of social equality, ImageEDET brings together human resources in design conceptualization, production, and marketing to meet with others whose appreciation and valuing of these designs provide the needed opportunities for natural and human resources to come together for each other.

From fashion accessories to furniture and other home decors, EDET was organized to bring to each life both individual and home enhancements to showcase what life holds for these designs in your personal adornment and in the care and value you bring to your homes.

Thus, when designs meet both functionality and beauty, personal care does not only enhance one’s identity but also a house gets transformed into a home!

Do You Compromise Quality with Outsourcing?

Do You Compromise Quality with Outsourcing?

The simple answer to this question is yes, and no and maybe. Well, maybe it is not such a simple answer because it is a particularly loaded question. The subject of outsourcing is a very sensitive issue for many. There are some who believe that outsourcing, whether it is overseas or domestic, is taking jobs away from qualified individuals while others who are profiting from outsourcing are firm advocates for the practice. This article will take a look at outsourcing and will examine scenarios when quality is compromised as well as scenarios when quality is not compromised.

What is Outsourcing?

For those who are confused about what outsourcing entails, this section will explain the issue. In its most basic form, outsourcing is employing an individual outside of the work organization to perform specific tasks for monetary compensation. Outsourcing can be done on a per project basis, for a set period of time or on an ongoing basis for an undetermined period of time.

For many the word outsourcing has a very negative connotation. When they think of outsourcing, they picture underage employees in third world countries working for salaries which would be paltry by our standards. However, outsourcing has evolved so much and no longer resembles this stereotype. In fact many outsourcing takes place domestically by savvy entrepreneurs who market their abilities as an independent contractor rather than toiling away in corporate America. These individuals, enjoy their quality of life, negotiate fair compensation for their work and accept or decline work at their own will. Furthermore these individuals are often highly qualified for the positions they accept and are capable of producing work of a high standard.

When Outsourcing Compromises Quality

The simplest answer to this question is quality is compromised when price becomes the sole governing factor in selecting a candidate to complete the outsourced task. Of course this answer is not completely accurate because the truth is there are very educated and skilled employees overseas who are fully capable of completing tasks just as well as those living in this country and often for a much lower price. However, when only domestic candidates are being considered and price is the governing factor, quality is often compromised as it is very rare that the most qualified candidate is also the candidate with the lowest rates.

However, it is very common for an individual or a business to allow price to become more important than quality of work. When this happens quality is often compromised for the sake of a larger profit. An example of this is seen regularly on websites where outsourcing projects are listed and potential applicants submit their bids for these projects. Many who utilize these websites routinely select the lowest bidder without regard for the qualifications of the bidder. In most cases these individuals find they make a costly mistake when the work they receive is inadequate.

When Outsourcing Does Not Compromise Quality

Outsourcing does not always compromise quality. In fact in many cases outsourcing is not only the most affordable option but also provides the most qualified candidates. One way to avoid the pitfalls of having quality compromised by outsourcing is to carefully screen candidates before making a decision. This process should be taken just as seriously as hiring a full time employee because the work of the individual will reflect on you as an individual or your business. If due diligence is given to selecting the right candidate it is not likely that quality will be compromised.

When outsourcing work to an individual it is important to request detailed information regarding their qualifications and to verify all information supplied. Examples of information to request include:

* Previous work history
* Relevant work experiences
* Explanation of qualifications

Additionally, it is wise to ask for both business and personal references. These references should all be contacted and questioned about the work ethic and personal integrity of the individual.

The Relationship Between Human Population And Deforestation

The Relationship Between Human Population And Deforestation

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The term human population and deforestation have been used interchangeably through the thickness of time.
Could this mean that the growing crowd of humans be the leading cause of our forest depletion today? Well, possibly that could really be the case.

After all, humans are responsible for everything that’s happening in the planet, from the cutting of trees to the widening of roads and to the construction of infrastructures. They say that humans build for a better world, but is that really their purpose? Are humans actually building for the world or are they fostering for themselves?

It is unrealistic to emphasize the magnitude of destruction of humankind’s wiping out of the forests. The conversion of forested lands by human deeds denotes one of the greatest threats in global environmental variation and one of the eminent drivers to biodiversity death. The influence and bearing of the people has been and carries on to be extremely overpowering.

Our vast resources are cleared, corrupted and disintegrated by lumber garner, transformation to crop growing, road construction, man made fires, and in countless further ways. The attempt to utilize and mollify the forest has been an invariable premise in the revolution of the earth, in various communities, and in many countries. Deforestation and human growth has indeed brought a heap of implications in our planet.

The Historical Trends

Presently, deforestation research and studies show a few conclusions that can be made. At minimal population mass, it is achievable to preserve intact forests with vast land areas. Instead of the population being sustained primarily through agricultural land transformations, they can easily be fed with only small harvests with no particular need for land cultivation.

However, even in lightly inhabited locations, outside forces such as stipulation for cattle and lumber in other parts of the world can result to deforestation that is not directly associated to the confined population. This has proven to be one of the leads to deforestation in huge forests such that of the Amazon. They produce not for their own sustenance, but for the neighboring needs of other growing countries.

As the population increases, the demand to clear more forests also increase; likewise, the need for indispensable consumption drives people towards nature since there are no other viable forms of human survival. It is only a basic instinct to man that he feeds himself for the issue of continued existence. However, there can be methods to preserve the forest and yet still benefit from it. Usually, greed and power result to the damaging effects of deforestation. If it is controlled in rate, then the possibility of not harming the nature is a likely thing to happen.

What Man Can Do

Clearly, human population and deforestation are inseparable terms. Where there is a call for food, the need for land also arises; and the demand of logging and agricultural cultivation happens widely all over the planet. The means of not harming the earth while still surviving is very attainable. In bringing this to reality, we need men who are honored and dignified enough to protect the earth and its resources. The humans need to safeguard their treasures which they can benefit from all the time.

Nature finds its way back at us when we know how to nurture and nourish it. What man can do is simply about what man is willing to do.

Outsourcing The Building Of Websites To Low Wage Countries

Outsourcing The Building Of Websites To Low Wage Countries

Source: Flickr

Understanding Outsourcing

Outsourcing is the delegation of tasks or jobs from internal production to an external entity. At present standards, it has become more related to hiring the services of staff overseas where salaries are markedly low as compared to the local existing standards. It is primarily done by companies to save money, improve quality or free company resources for more important activities.

Low-cost countries such as China, India and Venezuela continue to attract companies to move things offshore and outside their own boundaries. However, outsourcing should not only be seen as a cost-cutting maneuver but also as a way to produce important strategic benefits. One thing that is slowly being recognized is that there are savings to be gained in sourcing knowledge and talent as there are cost savings in sourcing things.

The sourcing of knowledge and technology provides access to better processes or efficiencies as well as more efficient management procedures. Outsourcing opens the way to make use of specific specializations of entities that would otherwise not be available. More and more companies are starting to realize that the probability for attaining excellence is much higher if it concentrates its efforts on its core activities. Other tasks such as building of websites are better left to professionals. The good thing about the present status of building of websites is that the service can also be outsourced to offshore companies. A company can now have the benefit of a much bigger and better site for the same amount of money spent in the US for a regular site.

The forerunners of outsourcing have exhibited much competitiveness in terms of well-developed telecommunication and IT infrastructure, good business services and having a pool of qualified people. This is the very reason for the so-called India advantage. India ranks first among the most favored outsourcing destinations due to its varied inherent strengths. It has a booming IT industry which is recognized all over the world. It has the largest English speaking population after the USA and has excellent training infrastructure. India’s government is also very supportive of outsourcing activities. Not to be forgotten of course is its cost-effective manpower which caught the initial attention of companies seeking ways to reduce costs.

Outsourcing should not be construed as abdicating responsibility but rather as leveraging outside capabilities. When organizations outsource, they do so because they would want to leverage the distinct skills and resources of other organizations to the benefit of their company and their customers. The basic business philosophy underlying outsourcing is the delegation of business activities that isn’t of core competence. It is about accepting the fact that no single company can be particularly good at everything. It is about using this known fact to assess a company’s strengths and weaknesses. Once a company is clear about what it considers essential, then it will be able to focus on broader business issues while having operational details assumed by external experts. Outsourcing has long ceased to be a strategy used during bad times only as in cutting operational costs. It has also become a business strategy used during good times to focus on the company’s growth.

Building of Websites

Outsourcing has introduced teleservices to numerous organizations worldwide. It can be broadly referred to as information-based work performed at a distance from the customers. Its market can be divided into three categories namely tele-processing, software export and interactive teleservices.

The first category covers tele-processing which includes all back-office functions performed in remote information processing factories. Specific tasks such as data conversion services, remote technical staff and content management are performed by an outsourcing company. Content management would in turn include content services for websites, database maintenance and refresh, various design services and even animation. The second category includes website development and related e-business applications development while the last category provides technical support to owners of PCs and peripherals.

Website development requires a special touch that only experts in this field would know. It is not just about producing a website but ensuring proper full scale websites that incorporates web design and placement, Internet marketing and optimization to gain the right listing on search engines. A web services firm specializes in the planning, design and development of web based business-to-business sites.

Optimal website placement is crucial to the success of any website. Web services firms are expected to provide a complete, professional design that is based on a client’s specific business environment. The design and layout of text, logo and graphics is as important as the ease of navigation. Special attention is given to color, white space, type fonts, background elements and other related items as these make up the artistic elements of a website. The aim is to create a website that projects a professional image, while at the same time, pleasing to the eye. The design should also be search-engine friendly and scalable for future add-ons.

The high-quality content of websites is the leading reason for repeat visitors followed by ease of use, quickness in downloading requested information and frequent updating. One area of a corporate work load that is best outsourced is website management and maintenance handled by web professionals. A company stands to reduce costs by eliminating the need to maintain a full time website specialist, web developer, artists, designers and network administrators.

There are a lot of choices when it comes to website development providers. The important thing to consider is how well they would be able to respond to each company’s unique specifications. A company will do well with the services of a provider that guarantees proper maintenance and updating of a website for the least possible costs. Most website development firms offer affordable hourly and retainer agreement based contracts and plans.

A company may wonder what logic lies behind outsourcing the building of websites to low wage countries. Offshore outsourcing firms located in developing countries have a wide range of world-class website development services to offer at affordable prices. Generally, they are always interested in building mutually-beneficial partnerships with overseas companies. India has opened the way as it revealed its most important natural resource which is the abundance of technically skilled manpower. Cost-effective services are provided without compromising the quality. Other developing countries are making their presence felt in the industry. Common sense tells us that any company stands to gain more if it is able to access the same quality of services and products for a considerably reduced cost.

Your Options In Sales Force Outsourcing

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Sales force outsourcing is not a new idea. It has been a dwelling practice in small and big businesses alike. Sales agents, distributors and resellers are the most common set ups in sales force outsourcing.

This industry however has been threatened with the rapid rise of BPO (Business Process Outsourcing) forcing Sales Force Outsourcing to be strategic alternative to indirect channels and sales agents.

Two Models Of Sales Force Outsourcing

There are two models of sales force outsourcing: sales agents & distributors / resellers and BPO solution of Sales Force Outsourcing.

Sales Agents

A sales agent is someone who is self-employed and is the person who sells products in behalf of a company. Most often than not, the terms of payment is on commission basis though there are instances wherein a sales agent has basic salary. When delving into retail or manufacturing, sales agents usually carry multiple products and have established contacts. One may think that sales force outsourcing is a good option as solution. Yes it is a viable solution but this too has its own limitations.

The specialization of sales agents is based on a defined market that depends on the geography or the industry of a particular sector. They will only go for products that are sellable to their available contacts. This means that if you outsource your product to an existing market that has no interest for it, sales force outsourcing is not a good solution.

Another limitation of sales force outsourcing is for you to be able to have a larger coverage, you will need a number of sales agents that will need dedicated management resources to optimize your outsourced sales force.

Distributors / Resellers

Another option that may prove to be a good a solution for sales force outsourcing is through an indirect channel network. The important aspect when talking about distributors and sellers is that they own customer thus living to up to the name “indirect sales channel.” This aspect is also the difference between sales agents and distributors / resellers.

While a sales agent sells products for you or your company, distributors / sellers on the other hand buy your products and sell them to their customers. With this, you drop control over the end customer as well as being able to sell other services and products directly.

Just as the same with sales agent, it is limited to a point wherein you can only sell to those who have customers that are interested with your products. Otherwise, sales force outsourcing through distributors / resellers will be a lost cost. That is why you need to choose carefully whom you partner up with – always research, research and research.

Sales Force Outsourcing Organizations

In the past, companies build an in-house direct sales force. The process in doing so requires a large amount of capital as well as expertise. Hiring, training and managing this kind of set up will put wholes in the pockets of companies.

But if this kind of setup costs a lot of money, why do organizations opt for this? The answer: control. When sales agents or distributors / resellers sell your products, you have little to no control on what they do or how they sell your product.

Having an in-house sales force, a company will be able to have control over its markets, prices as well as choice of customers. This setup can be a competitive edge over other companies in the same industry.

As of today however, the business process outsourcing (BPO) sector is on the rise and because of this sales force outsourcing is becoming an alternative to having an in-house sales force. Unlike with utilizing sales agents and distributors / resellers, you still have control over the target markets, sales activity, and pricing.

It is like having an in-house sales force without having to shell out much capital money.