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Increase Your Salary - Complete Controller

If you ask most employees what the most challenging thing is to do, they will likely say the same thing, asking for a raise. While it may be difficult to ask for an increase in your salary, every employee deserves to be paid what they’re worth. Here are some tips to help you increase your salary. Check out America's Best Bookkeepers

Timing

There is a saying that says, “Timing is everything.” This saying is true when it comes to getting a raise. While you should look for the best timing to ask and increase your chances of success, you have to be careful not to let timing become the excuse not to ask. The perfect time to ask for a raise, that gives you the best opportunity for success will vary depending on the person you are asking and your company’s operations. If there is a hiring freeze or other company financial adjustments, you should wait until the company is in a better place.

Follow Internal protocol

While you may deserve every penny of a raise, if you ask for it inappropriately or ask a person who has no decision-making capacity, your request may be declined. Make sure you know the internal protocol relating to asking for a raise. Some companies give that power to management while others consider all employee salary increases once a year based on their performance review. Check out America's Best Bookkeepers

Prepare a Presentation

A presentation can include visual aids or PowerPoint, or it can be a well-planned oral presentation. While your presentation should be assertive, it must be kept short and to the point. If you can’t convince your boss that you deserve a raise in less than two or three minutes, then your performance may not hold up to the ask. When you walk into your boss’s office, they should already know that you deserve this salary increase from your outstanding job performance and service record.

Focus on the Company

When asking for a raise, you must focus on yourself and focus on the company. You must show that you value the company and understand that it is a business. Showing this understanding and value and how you fit into it as an employee and how you increase the company’s worth, will help your chances of you not only getting a raise but getting the amount that you desire. Check out America's Best Bookkeepers

Avoid Specific Salary

Some may argue that you should ask for the exact amount you would like to make when asking for a salary increase. However, it has been proven that asking for a range of salary increases your chances of not only receiving a raise but getting more than you expected. By giving a range with the lowest end of the range being the lowest acceptable amount and the high end of the range shooting for the stars, you guarantee that you will be satisfied with the amount if your raise is approved.

Conclusion

Asking for a raise, while scary, is a necessity if you don’t work for a company that automatically considers salary increases each year according to performance reviews. Though it may make you nervous to ask, 100% of employees who don’t ask for a raise don’t get one. Studies have shown that of employees who ask for a raise, approximately 70% receive one. Of those who receive a raise, roughly 40% receive what they asked for and about 35% more than they asked for. This leaves the other 25% to receive less than what was proposed. The point is the odds are in your favor that if you ask, you shall receive. So ask already!

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Downsizing - Complete Controller

Downsizing has become a common phenomenon in medium to large scale businesses in almost every industry. There was a time when downsizing was restricted only to blue-collar workers in the manufacturing sector, with advancements in technology and offshore outsourcing, no job, no matter what designation remains secure. Downsizing practices have hurt employees, as job security is always a concern even in large stable corporations. In the 21st century, highly educated and knowledgeable workers, including attorneys, physicians, scientists, and investment bankers, have suddenly found themselves amongst the downsized groups. Check out America's Best Bookkeepers

Reducing Costs

The primary reason for downsizing is that it is a quick and easy solution in terms of cutting costs to sustain the business. It is observed that during economic recessions, many organizations choose the path of downsizing to try and cut on costs to maintain sufficient levels. Many believe that excess labor costs can eat away at a company’s profitability. Having the right balance of employees and wages is the best way forward to achieve sustainable growth. However, research suggests that employees are a company’s assets, and downsizing may work effectively in the short-term, but it is never a long term solution. Downsizing should only be considered by the organization when all other methods of cost reductions are exhausted.  

 

Most business organizations opt to automate processes by incorporating technological capital rather than labor capital. Automated means often result in increased productivity, efficiency, and minor errors. However, this requires extensive capital investment, and the machines also need specialists when it comes to their operation and maintenance. Raising capital can often mean taking a loan and paying interest, which adds to costs. Furthermore, automated processes are highly specialized and leave little room for flexibility. In some cases, governments can also help subsidize labor costs in areas with high unemployment that can be more cost-effective than purchasing and maintaining heavy equipment. Consequently, the use of high-tech equipment and technology has not asserted the ultimate solution. Check out America's Best Bookkeepers

 

Survival in the Industry

For survival, several organizations have merged, while their competitors take others over. Even federal-owned corporations are privatized in the hopes of improving efficiency and productivity. To survive, small businesses may look at existing strategies to sell their business to larger organizations operating in the same industry. This is where downsizing occurs as the merger of two organizations allows for resources to be pooled together. Most organizations have found themselves in a condition where rising demand for fuel and raw materials could not be supplied as almost all the natural resources had been exhausted.

 

Productivity

Business organizations, at times, downsize to increase productivity. This strategy may seem to be counterintuitive, but in some cases can turn out to be beneficial. For example, suppose a business organization knows that it could increase the individual productivity of its employees while keeping the overall productivity constant. In that case, downsizing could be beneficial for the organization. Also, a business organization could replace human force with automated equipment that could perform the same job promptly. 

 

Value

The downsizing labor force of an organization generally indicates that some changes or restructuring is being conducted. These changes are usually targeted for increasing the profitability of an organization. If shareholders of an organization perceive that some changes will be made to increase profitability, it will increase the value of company stock. This can also result in more shareholders to invest in the company and increase shareholdings in the organization. In this case, downsizing enhances the organization’s perceived value. Check out America's Best Bookkeepers

 

Outsourcing

At times, organizations overextend themselves in terms of types and number of services they offer from time to time. By eliminating some products or services from the organization’s product portfolio can also help in improving profitability. Specialization leads to economies of scale and competitive advantage. If specific departments within the organization are not performing as expected, then it might be useful to close that department altogether. In this case, the number of employees needs to be decreased. In this case, the management may decide that outsourcing several activities could be a profitable decision, along with reduced costs.

 

Conclusion

No organization will choose to downsize unless it makes feasible sense to do so. What most organizations need to understand, however, is that downsizing is NOT the only option when it comes to reducing costs. When to downsize and when not to downsize? It can often be the difference between a successful long-term business and one that is forced to shut down altogether.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Pool of Candidates - Complete Controller

Many innovations have resulted from a need to pair the right individual with the right organization’s right job. However, we are still nowhere close to hiring employees in a manner that is both effective and accurate. This is because portals like LinkedIn offer a professional network that makes it easier for employers to find potential employees that meet their requirements. This is the first stage of recruitment, and technology and innovation have come a long way. However, the next process is the most time-consuming and stressful process for HR as it involves short-listing suitable future employees from a massive pool of potentially similar candidates. Check out America's Best Bookkeepers

How does one short-list one person and not another? What is the basis for the selection or deselection of a potential hire? Why is this process so time-consuming? And finally, is there a better way? These are but a few questions on the minds of HR representatives and business owners alike.

What is ShortListing? And Why is it so Important?

Short-listing is the process of narrowing down candidates from an applicant pool. These applicants best meet the desired position requirements, and they are who the organization would like to see in the next phase of the recruitment process. No organization has the time, resources, finances, or ability to meet or place an interview with each candidate that applies to the organization. Short-listing potential candidates is essential as only a fraction of those who have applied for the position are called in for an interview or move on to the next phase of recruitment—deciding who should move on and who shouldn’t is the real challenge facing recruiters worldwide. Check out America's Best Bookkeepers

Screening and Short Listing

Screening and short-listing often happen simultaneously as a recruiter goes through every applicable candidate. The screening process is essential to the effective short-listing of potential candidates as it helps in eliminating those candidates that are least likely to be a good fit. Many organizations use different screening processes based on the type of position in question and the size and nature of the business.

Determining a set short-list criterion ensures that employees selected at least meet the minimum levels of experience and qualifications needed for the position. Screening standards should be high enough to provide good quality candidates get pushed forward, but not too high either as many potentially qualified candidates might not pass through screening.

A short-list criterion should be based on the experience, qualities, and traits of top-performing employees who are currently in that role. The criteria should never include personal opinions, gut feelings, or own similarities of the candidate with recruiters or managers.

An ideal short-list criterion should include the following:

  • Education
  • Experience
  • Professional Skills
  • Personality Traits
  • Competencies Check out America's Best Bookkeepers

 

Each of the criteria mentioned earlier can be further elaborated upon to ensure that recruiters and HR managers know what they are looking for in terms of the ideal employee for the position. The better the screening criteria are, the more effective will be the recruitment process for the organization. A thorough and well-defined screening process maintains desired employee standards across the organization leading to better utilization of resources and increased productivity and expertise.

Conclusion

Short-listing ideal candidates can be challenging for any recruiter, but if proper measures are put in place, this process can become a lot more streamlined and less time-consuming. There are no shortcuts when it comes to selective hiring. The most effective recruiters and HR professionals follow strict guidelines when it comes to screening candidates. Screening is more than half of the recruitment battle, and by adhering to strict criteria will help in the most effective selection of potential candidates. Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Managing your Employees - Complete Controller

Employees have different personalities, ambitions, and responsibilities that help you to grow your business. Management would be easy if everyone working in your company was hard-working, possessed a great attitude, and exhibited extraordinary talent. Having every employee fit that mold is hardly ever the case, as every employee is different and is motivated by various factors. Some are incredibly talented, but they are not good at collaboration. Others are collaborative, but they are not talented. Some have remained calm at all times, while others are famous for their mood swings. How to manage diverse employees? People with various personalities need different treatment accordingly. Here are some tips on how to better manage your employees. Check out America's Best Bookkeepers

Management is a Complicated Job:

It would help if you accepted the fact that management is not an easy job. You have to deal with people of different minds, opinions, and views. You will waste your time and energy to get the most work from them if you do not learn how to manage properly.

After recognizing the difficulty in managing people, try to solve employee issues positively. You should not be biased. You need to understand an employee’s situation from their perspective as well before undertaking any executive decisions. Do not make decisions irrationally, especially in heated moments as outcomes of confrontations such as these are hardly ever productive. Give some time to yourself to analyze and reflect on the whole scenario before making a decision. Check out America's Best Bookkeepers

Know your Employees:

As per Rishav Gupta’s statement, “You can’t gain respect by simply commanding it.

It is essential to know your staff’s strengths, weak points, and working habits. Do not expect that all the staff members would work or behave in the same way. As a manager, you need to give respect to your employees. Be curious and open-minded. Knowledge sharing sessions can also be a good option as they allow employees to get to know each other and express their opinions and ideas.

Make Changes but Respect Tradition:

When youngsters join an organization, they tend to bring changes within the corporate culture. As a manager, you need to recognize that your employees can be of different ages and cultural backgrounds. It is essential to find commonality between employees early to formulate a sense of belonging and respect amongst all team members. Having a table tennis center or foosball table in the office can help keep employees active and test their team building and competitive skills.  Before you decide to change something, you must first understand how this would impact workplace culture. Check out America's Best Bookkeepers

Take Time Out for Small Talks:

Getting to know your employees by developing rapport can be hugely advantageous for the business. Employees are more likely to stick to an organization if they have a sense of belonging. Knowing your employees by opening them can be a great way to make them feel more comfortable and more involved in the business. Building rapport will help in ironing out different problems of team members. It doesn’t involve talking to people about work only but rather getting to know each other as individuals.

Be Collaborative and Supportive:

Dynamic teams that have a significant gap between employees and managers could result in competition amongst themselves. As per Ceridian, the young manager might start feeling as if they must “outdo” their employees to prove their capability. But this type of behavior may result in resentment and insubordination. Be an employee’s biggest supporter. Encourage collaboration and support by asking for help from employees.

Conclusion:

Your employees will look to you for any guidance or motivation. So, it’s vital to set a great example to gain respect. If you want your employees to work professionally, and commit their work on time, set an example. Make sure to manage things correctly while developing your career continuously and supporting your team.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers
Effective Recruitment Process - Complete Controller

Even though the recruitment process is essential, there are certain instances when companies may face some difficulties in structuring a recruitment process that guarantees the efficient intake of new employees. Thus, to overcome these difficulties, the following are the seven tips that can enable organizations to structure an effective recruitment process: 

Carefully Identify Job Specifications Check out America's Best Bookkeepers

Every job position holds a specific set of responsibilities and skills.  Therefore, only an individual with the knowledge of required responsibilities and skills can comply efficiently with the job demands. To recruit the most suitable applicant, it is essential for the organization to first carefully identify the job specifications required for an effective recruitment process. A spreadsheet may be structured to help develop a well-thought idea of requirements that the job specification demands.

Pay Attention to Job Advertisement

The advertisement is one of the most resourceful media in transferring a message and attracting more and more publicity towards the message. After carefully determining the job specifications, it is critical to developing a suitable job advertisement so that the message of the organization’s need for a job applicant may spread far and wide. Moreover, these job advertisements should be posted on targeted platforms to attract suitable job applicants. This posting may help boost an effective recruitment process, enabling the organization to intake most suitable employees. Check out America's Best Bookkeepers

Enhance the Interview Session

The most crucial step of recruitment, during which an organization decides about the suitability of a job applicant for the job, is the interview session. The session may begin with general questions regarding the specific position and the knowledge that the applicant holds towards the job responsibilities. However, the meeting may proceed towards a more subjective direction, dealing with the individual’s skills.

Allocate a Significant Amount of Time for Reviewing Resumes and Interview Performance

Generally, organizations tend to integrate a higher number of applicants for the interview session, and then make the final decision of recruiting the most suitable applicant for the job. For this purpose, it is critical to allocate time to review the resumes and interviews of applicants, so that the hiring decision is of a higher quality level. Thus, carefully go through the resume of every applicant and note its score along with the applicant’s interview.

Make Use of Bookkeeping Process

After assessing every job applicant’s capabilities and suitability, it isn’t easy to keep track of every applicants’ performance. Thus, for an effective recruitment process, it is feasible to utilize the bookkeeping process and maintain a written record of applicants’ suitability. This would help ensure an authentic recruiting process while eliminating risks of mistakes since it is common in organizations to confuse an applicant with the suitability of another applicant. Check out America's Best Bookkeepers

Maintain Contact with the Applicants

In most recruitment cases, there are instances when a job applicant has practical skills and inherent capabilities to be a resourceful employee. However, he/she does not possess the specific skills or knowledge required for a particular job. In this situation, it is a recommended practice for organizations to keep a record of such applicants and maintain contact with them. This would help the organization to re-contact these applicants for any other job position for which the individual may be suitable.

Review the Recruitment Process Regularly

With the progression of time, the structure, condition, and requirements of an organization change to meet the business market’s dynamic nature. Given this changing nature of organizations, the organizations need to regularly review its recruitment process to maximize the recruitment process and comply with the changing job needs.  

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers

The turnover is because the majority of the retail employees are students and people looking for extra money. Due to the nature of these jobs and these employees moving towards more promising and high-paying careers, a shift system is needed. Thus, the turnover, along with the growing demand for retail items, leads to a constant and high demand for retail workers, who are necessary for the basic operations, bookkeeping and customer handling at a retail store.

All this, however, doesn’t explain the need for shift change procedures in retail. Check out America's Best Bookkeepers

Retail workers are working on a temporary or part-time basis, and to efficiently manage this random bunch, a manager (or managers who themselves also work shifts sometimes) must execute a proper shift change procedure.

Another reason why shift change procedures are necessary, apart from the workers’ temporary or part-time jobs, is the fact that workers can’t be on their toes at all times. Any retail worker can’t cater to customers from the time the store opens till the time it closes, during the whole week. If a retail store is opened at 9 am, for example, and closed at 11 pm, then no worker or manager can work for 14 hours. Hence, the need for an efficient shift change procedure. If the shift change procedure is well-planned and executed, then there will be staff present at the retail store at all times, and their best.

In case an employee calls in sick, the manager will have to change shifts or call in someone else, as he/she will have a replacement or another employee to depend or fall back on. But, if there was no shift change system and the retail store had limited employees available at particular times, then the manager might have trouble finding someone to fill in. Or the store would have to be short-staffed, which might become a problem if a lot of customers come in at the same time. Check out America's Best Bookkeepers

The advantages of the shift change system:

  • No one is over-worked, so less chance of employees falling ill, and they will be in better spirits while dealing with customers.
  • The system is well-managed and leaves little room for error as an employee will have to complete a specific set of hours or shifts per week.
  • Staff will always be present at the retail store at all times due to the store having an amalgamation of temporary, permanent, and part-time employees.

The disadvantages of the shift change system:

  • There can be a lot of confusion when an employee calls in sick, and the manager has to switch all the shifts and check with everyone to see who is free and can take the shift.

These were the most widely recognized advantages and disadvantages of having shift change procedures in retail. But, even after viewing these, you won’t have a clear idea about what shift change procedures are. Better to have a look at the kinds of shift change systems that retail stores have the choice to use. Check out America's Best Bookkeepers

The shift changes in retail:

Five main kinds of shifts are being employed in retail, including morning shifts, mid-day shifts, and evening shifts. The other two kinds of shifts are the On-off work pattern, which entails employees working consecutively for days and then take the next couple of days off. The second kind is the schedule format, which can have fixed shifts and flex shifts. In fixed shifts, employees work on one shift (morning, evening, etc.) but different days. While in flex shifts, the employees can work in various shifts on different days, whichever is available to them. One thing that managers need to be careful about is to make sure that all employees fulfill their designated number of hours and given a fair number of shifts.

 

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers

How does it benefit me to give private health insurance to my employees?

The hiring, by the company and in favor of the workers of a private medical insurance is a benefit that both the workers and the entrepreneur himself take advantage of.

How does it benefit the company to pay private health insurance to its workers?

In addition to the benefit of keeping your employees happy and reducing the time spent on medical visits (it is assumed that a private health insurance gives more flexibility to have an appointment outside working hours or, where appropriate, to make the service faster ), on the part of the employer, providing employees with private health insurance is considered a higher personnel expense (higher remuneration), and consequently a greater deductible expense in the Corporation Tax.

How does it benefit workers to have private medical insurance set by the company?

On the part of the worker, the perception of said private medical insurance supposes a remuneration in kind for the same ones, reason why it is subject to taxation (entrance to account in what it talks about during the year, and greater income received at the moment of the statement of income). The advantage that exists for employees is the exemption of the first $500 for the worker and each of their family members for private medical insurance (or $1,500 for workers or family members with disabilities). This exemption has its regulation in the IRPF Law:

The following income from work in kind will be exempt:

  1. Premiums or fees paid to insurers for sickness coverage, when the following requirements and limits are met:
  2. That the coverage of the disease reaches the worker himself, and may also reach his spouse and descendants.
  3. That the premiums or fees paid do not exceed $500 per year for each of the persons indicated in the previous paragraph or $1,500 for each of them with disabilities. The excess over this amount will constitute remuneration in kind.

That is to say, if the medical insurance costs the company an expense of $750 per year, the company can take that expense of $750 in its corporate tax, and the worker, in addition to receiving that service, will have the advantage that, at the time of making your income statement, only tax for $250 (the first $500 are exempt, so only tax applies to the remaining amount, $250 in this case). Bill age is the management program for the self-employed.

What requirements must be met to obtain this tax benefit?

It must be borne in mind that for the correct application of these tax benefits, this provision of the company in favor of the employee must meet certain formal requirements, since otherwise it could be considered a liberality and, therefore, not considered deductible for the company nor exempt for the worker. These requirements, basically consist in that this benefit is a worker’s right (i.e., as agreed to pay them, for example, $18,000 per year, that his salary is $18,000 per year plus private health insurance for him and his spouse, for example) and that is paid directly by the company to the insurance company (otherwise, income in kind would not be considered, but monetary remuneration). For this, it would be convenient to prepare a document that includes the “increase of benefits” of the worker, granting said right and specifying in said document what the new benefit will consist of and the conditions of the same, so that both company and worker can keep this document as proof of the application of the tax benefit for the case of tax verification.

Can it hurt me, as an entrepreneur, to give this benefit?

In this regard, and as a collateral comment, bear in mind that the granting of this benefit implies an increase in the remuneration of workers and, consequently, may imply a higher contribution to Social Security and greater compensation. It should also be borne in mind that, as remuneration in kind, in the part that is not exempt, income on account must be applied (withholding of income in kind), so that such deposit can be assumed by the worker (lower net salary) or by the company (higher remuneration in kind, and consequently, greater remuneration in kind). This is an issue that should also be clarified in the document in which the worker agrees to grant said benefit.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. With flat rate service plans, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.

In the work environment, we usually are met with a multitude of personalities and ways of doing things. The vast majority of you, surely have shared the day’s work with the typical partner who is always thinking about what will be the next, and down the line you will not be able to point them out in a crowd.

Alternatively, you still recognize that partner who provokes conflicts where peace and cordiality existed or that partner who is slower than a turtle when it comes to finishing his work. In this article, you can find a list of 14 types of workers that are usually part of companies.

 

Types of workers and their main weakness

There are many types of employees and each company is a different world, where many personalities coexist.

Below you can find a list of 14 types of workers with whom you have probably shared your workday at some time. How does each one behave?

 

  1. Toxic

The relationship with co-workers is one of the great motivating sources to go to the place of employment and perform good professional work. Not only that, but different studies have shown that the relationship between workers, in the case of being positive, acts as a buffer to reduce stress or burnout .

 

  1. Defeat

At work, just as in life, we can meet people who have different ways of seeing life and different attitudes towards it. Generally, these types of people are the same at work and outside of it. Sometimes we can meet with defeatist people, who have a low perception of self-efficacy in what they do .

 

Self-confidence lowers its impact on the quality and quantity of the work it develops and on the different relationships it has with the different actors that participate in its work world: bosses, colleagues and clients.

 

  1. Perfectionist

Another type of worker that we can find and that, as in the previous case, his behavior can have repercussions on the effectiveness and efficiency of his work, is the perfectionist worker. Doing things well is good, because companies want to have efficient and productive workers.

But the perfectionist worker is the one who takes work home and is never happy with what he does, which affects his health and can lead to series of stress and anxiety. Although many think that being a perfectionist is good, these types of people get frustrated quickly because they always see imperfections even when things are going well and often have a bad assessment of themselves.

 

  1. Clueless

There are some workers who are not very methodical and can become clueless and forgetful. These workers can cause problems or add more work to other employees because of their incompetence. Generally, it can be a cause of poor organization, lack of motivation or even boredom syndrome at work, which is known as boreout.

 

  1. Slow

On the other hand, there may be workers who hinder the work of their colleagues by being slow and not having the tasks completed on time. This can also be a cause of poor organization, lack of motivation or that they do not know how to do their job well. So it can be a mistake in the selection of personnel.

 

  1. Gossip

 

The toxic partner tends to have a bad intention and destabilize the work environment. Although without a bad intention, in occasions, we can find ourselves with the gossip worker. He is a type of worker who always goes where he is not called and is more aware of what happens in the personal life of his colleagues than of doing his job correctly.

 

  1. Cocky

The cocky worker is a worker who thinks he knows everything and is the best . They tend to be charismatic people who can be good at the beginning, however, they are not very cooperative and do not favor teamwork.

 

  1. Opponent

The opponent is a type of employee who always has the opposite. Whatever the reason, you always have something to say, whether relevant or not. The important thing is to say yours. The opponent can be heavy.

 

  1. Pesetero

The pesetero is the worker who only looks for the pasta. You can be a good worker for commercial jobs, because money is your great motivation. However, they are very individualistic and are not reliable at all. They can leave at any time without any consideration.

 

  1. Quejica

The whiner has a bad predisposition towards work and always complains about everything. He may not be motivated by his work or he simply detests being in that company. Constant complaints are a bad symptom and it is necessary to talk to this type of worker. Possibly this worker’s place is in another company.

 

  1. Selfish

The egoist is the typical person who only looks for himself. Companies currently value teamwork for its benefits, so this type of workers often have difficulties to fit into work groups.

 

  1. Robot

There are people who are very creative and fit into a certain job; and other people are rather practical and robotic and fit better in a job, for example: in the chain production of a factory.

 

  1. Ambitious

Ambition can be good in companies that promote development within the organization. However, the excess of ambition, can negatively affect the performance of work for a certain position. For example, if someone wants to be a short-term director and has to start from the bottom. This can cause him to become discouraged quickly.

 

  1. Ball

As written in an article on Pay someone to write my coursework online, the ball is the one that is always hanging around the boss’s area and that is always behind to make compliments and fill his ear with praise. These types of behaviors can have an impact on their relationship with coworkers.


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About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file, critical financial documents and back office tools in an efficient and secure environment. Complete Controller’s team of US based accounting professionals are certified QuickBooks™️ ProAdvisor’s providing bookkeeping, record storage, performance reporting and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay services. With flat rate service plans, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.
fraud monitoring - Complete Controller

The best way to combat fraud is awareness and prevention. The most effective prevention measures are the regular inspection of procedures and employee screening. Practical fraud prevention strategies should always be part of the company’s manual. Employees should be knowledgeable of these fraud prevention methods in their orientation and go through periodic awareness programs.

Dishonest Employees

Owners may have implemented fraud prevention strategies, but they also need to keep in mind that every employee may not be honest and loyal.  Employees may be involved in unethical accounting practices, inventory pilferage, and other financial losses. Check out America's Best Bookkeepers

Checking Service Records before Hiring an Employee

The very first measure is employee screening before hiring. To avoid fraud, an employee’s past service record, educational certificates, and legal antiquity should be screened carefully. Employees are the most important asset for fighting against fraud, but hiring the wrong person can result in employee fraud. Fair employment practices should be adopted as a preventive measure against fraud happenings.

Awareness Program for the Prevention and Detection of Fraud

Training and educating staff to report suspicious activity is of vital importance. Employees should know that they will face strict disciplinary action if they commit fraud in your company. In case of involvement in fraudulent activity, they should know that your organization has a zero-tolerance policy for fraud. Everyone in the company should have an orientation of the fraud policy, know the types of fraud, and to whom any suspects should be reported. An awareness program often emphasizes that it’s the responsibility of all employees to play the role of fraud prevention. Ethical training and education of employees are scheduled under this program. Check out America's Best Bookkeepers

Segregation of job descriptions

People should know their responsibilities, limitations, and what they are held accountable for. Policies and procedures should be written. All workers should have orientations and frequent training regarding these policies. A clear organizational structure should exist. Segregation of duties and rotation of staff in altered areas can also aid in the detection and prevention of workplace fraud. Make everyone accountable for their actions, and not only will they take pride in their roles, but they will also be less likely to commit fraud.

Strict monitoring

Loopholes in your policies and procedures, only compel workers to commit fraud. Identify risk areas under your control where a breach of trust is most likely to occur. Recognize the elements which encourage people to involve themselves in fraudulent doings. Access to inventory storage areas, sensitive data, and financial statements should be highly restricted. Managers should set an example by doing the right things and having zero tolerance for any suspicious activities. Often, the most “trusted” people become the scammers when there is an oversight of internal controls.

Surprise inventory checkups of the financial statements should be done periodically. Employees should feel the continuous pressure of being monitored.

Documentation is crucial for internal controls to prevent fraud. Consecutive numbering of all receipts, purchase orders and receipts should be done. Deliveries should match purchase orders. No stock should be stored without records. All receipts should carry signatures and stamps of more than one person. Prevent accounting fraud by hiring account managers and experts. Check out America's Best Bookkeepers

Reporting System for Fraud

Honest people often hesitate and are reluctant to report wary and suspicious activity. An anonymous reporting system should be introduced to workers. An open-door policy is also helpful for fraud risk management. The employee should interact with management and raise their concerns without the fear of penalization or repercussions.

Fraud detection

The best deterrent against fraud is the existence and visibility of a fraud detection strategy. Hiring certified fraud examiners can help in prevention against fraud in the long run. They provide consultancy, continuous monitoring, and develop measures to prevent fraud.

Conclusion

Investigations of fraudulent cases have revealed that people commit fraud only when they find it easy and get an opportunity. Continuous monitoring and evaluation of an effective fraud policy is an integral part of measures to prevent fraud.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers