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Filza Taj

Features & Benefits of WhatsApp Business

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Who knew a messaging app would support the business community in such an extraordinary way? WhatsApp Business is not just a simple application, but a complete powerful world of providing reliable business services.

WhatsApp Business application is an efficient messaging business channel and the best platform to interact & connect with customers. A standalone business app for small businesses that started its journey in January 2018, is now ruling the world.

Do you know WhatsApp instant messaging app is operational in 190 counties with 1.6 billion users? Globally more than 5 million people are using the flexible features and functionalities of the WhatsApp Business application. It is an amazing platform for entrepreneurs, small merchants to large companies. 

WhatsApp Business app has the potential to change the game of your business. Daily 65 billion messages are exchanged on WhatsApp. It provides reliable support to sell products and services by sharing quick information.

WhatsApp Business app has brought big comfort for business entities. It is a blessing for small businesses that don’t have a big budget to start a new e-commerce website.  It is free to download on both iPhone and Samsung smartphones.

Let’s, have a quick glimpse of how WhatsApp Business features are bringing benefits to the product and services sellers.

1. Professional Business Profile

Business profiles are the first thing that attracts customers. WhatsApp Business profile includes significant details such as company address, business hours, business category, service description, website address, and email ID. A user can set your brand’s unique name and brand logo.

WhatsApp also offers the facility of verified business accounts to pilot program businesses. The green badge or tick beside the contact name represents that the account is original. A well-organized business profile depicts professionalism. 

2. Flexible Business Settings

WhatsApp Business is a complete package, it provides convenient and user-friendly setting options like;

  • Profile
  • Statistics
  • Messaging Tools
  • Notifications
  • Greeting Messages
  • Quick Replies
  • Label Chats

Through WhatsApp statistics setting a business owner can check the customer experience and engagement. This feature show message statistics like how many messages you have sent, delivered, and read.

Label chat is another incredible feature that allows for efficiently organizing, managing, and finding the chats. Application use can label the chat as a new customer, new order, pending payment, paid, order complete or add a customized label, etc. All these labels are available in multiple colors that can be applied to certain messages or on the entire chat.

3. Efficient Messaging Tool

Speedy replies don’t only save time, but it also becomes one big reason for customer satisfaction. The WhatsApp Business makers have introduced the finest messaging functionalities for the business owners.

Quick Replies

Who doesn’t want to get an instant response? A quick reply feature is a predefined text that is sent to the client with just one click. Keyboard shortcut messages are created to answer Frequently Asked Questions (FAQ) by the clients. Multiple quick replies lists can be stored in-app with up to 25 characters.

Automated Responses

It is impossible to stay online 24/7 on the application. Automated response tools help in generating away messages when you are busy or out of the office. Automated immediate replies are sent to customers when they contact apart from scheduled business hours. There is time flexibility is setting away messages i.e. always send, custom schedule, or out of the office hour option.

Greeting Messages

Greeting messages help in enhancing customer service. When customers first time contact the business profile an automatic greeting message is sent. The greeting message is the best way to introduce clients to the services of the business.

4. Engaging Relation with Local & International Customers 

The first rule of a successful business is building a superior brand connection. Engaging relation is formed by a fast response rate, transparent information sharing, voice calls, and timely delivery of orders. The business address location, product description, article images & videos, and website URL can be sent to customers with just one click.

Whatsapp Business also provides reach to global customers. A business owner can sell products to international clients as well. To make long term connections with clients it is significant to provide real-time customer service. Effective team collaboration makes the business flourish at a rapid speed.

5. One-Click Marketing Promotions

In the present time, no business can survive without applying marketing strategies. There are several ways to promote your business through Whatsapp;

  • Advertise your services via WhatsApp 24 hour’s stories.
  • Engage your customers directly through voice and video calls.
  • Send greeting messages to the client on behalf of your brand name.
  • Share the link to your business profile on social networking platforms.
  • Make quality and powerful content to convert the general public to buyers.
  • Keep updating your contact list with video and image marketing strategies
  • Notify clients by creating attractive promotions, giveaways, and discount deals.
  • Take advantage of the group chat to keep updating your customers about the new arrival.

6. Privacy & Security of Data

Another big benefit of using Whatsapp Business is its privacy and security. The verified business channel and verified number provide a secure communication channel to both buyers and sellers. Whatsapp encryption feature build trust end-users that the chat would be get hacked.

Two-way personalized conversation and one to one chat with customers aid in strengthening business deals. The secure and private chat builds trusted engagement and strong professional relationships with clients.

7. Business Growth Opportunities

The business community always wants to expand the brand to the next level. WhatsApp Business gives an opportunity to small sellers to grow their business by reaching more people and generating maximum profit.

WhatsApp Business is not just a mobile app, it is also available in web or desktop interface format that is known as WhatsApp Business API. It gives a more flexible experience to sellers to access and communicate with clients through a web screen.    

Application developers are still introducing more functionality and testing new features. Recently, WhatsApp has launched a payment service in Brazil for over 120 million Bazillion communities.  

Users can connect Visa cards, Master Card, and Bank accounts with the WhatsApp payment services. This online credit transferring feature is still in the trial phase in other countries. It would help business partners to further expand the business with fast money transactions in-between applications.  

Wrapping up the Article

WhatsApp Business application is benefiting the business sector with numerous genuine features. It provides full support to small business owners by allowing them to create a free catalog to showcase services or products.  It is undoubtedly, the best application to show a strong business presence

Things You Must Know About Air Cargo Loading System

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Did you know the first official cargo flight took place on November 7th, 1920 in the USA? It carried 200 pounds of silk for the store opening purpose in Columbus. Air cargo has made freight movement well-structured at regional, national, and international levels.

Air Cargo is one of the most used logistics modes and Most people don’t know how the air cargo loading system operates. An air cargo loading system means the movement of goods by air to any part of the world. Air cargo works in a way to load products from shipping countries and unload them to buying countries. It may be in different shapes or sizes.

An effective loading procedure comprises reliable cargo handling, safe loading & unloading, aid production growth, and timely delivery of goods. In the international air cargo safe delivery of the product without any damage matters the most. Through air consignment transferring of lightest to heaviest products is possible without any harm.

Role of Air Cargo in the Global Trade

In recent years growth in the import, export, and e-commerce business has recently boosted the capacity of parcel deliveries. Amazingly airlines transport more than 52 million metric tons of air cargo per year.

The air cargo supply chain system is playing a vital role in the global business and economy. By value, 35% of global trade is represented by air cargo, and by volume, it represents less than 1% of world trade. That shows air cargo transports USD 6 trillion in value of goods that is approximately $18.6 billion worth of goods on a regular basis.

According to the International Air Transport Association (IATA), a coherent trade involves a concrete partnership between governments and industry. Countries that have a 1% better air cargo connection tend to capture 6% more trade.

What an Air Cargo Loading System Could Transfer?

  • Unit Load Device (ULD’s)
  • Cargo Pallets
  • Perishable Goods
  • Parcel
  • Package
  • Multiple Items

Several air cargo companies working in the world 24/7 to supply the articles like DHL Aviation, FedEx Express, SNCF, Blue Dart, CH Robinson, Emirates, Korean Air Cargo, Lufthansa, British Airways, Quehenberger Logistics, and many more.

Choosing of Air Cargo Loading System

To supply business packages or parcels, the best thing you should do is to look for a brand name that is well-reputed in designing, manufacturing, and engineering loading solutions for numerous transport and logistics. Always check the strengths, features, and functionalities of air cargo loading systems that match your business delivery requirements and demands.  

Every industry spends huge time and money in the selection process of competent air cargo loading equipment. On World Wide, there are many automatic and manual loading systems available. Business entities should choose supply loading equipment by using well-designed options like Pneumatic rollerbed, trallerloda, powerd cargo loader, and Vanloda.

Aviation cargo systems offer a unique world-class solution to the factory and industry clients. They carry tons of weight in a well-organized manner. Efficient cargo equipment makes the loading & unloading system a convenient and speedy process.  

Air cargo rollers help in loading the refrigerated trailer, conveyor system, and palletized goods. These rollers make the shipment loading process complete in a few minutes without entering into the vehicle. In the end, goods are loaded on the air cargo system for shipping to the final destination.

Mandatory Factors to Air Cargo Loading System

  • Easy Installation of the system
  • Bespoke modifications
  • Turn-key services
  • Material handling solution
  • Integrated operating control
  • Quality insurance system
  • Speedy loading & unloading process
  • High-quality cargo loading equipment
  • Uncertainty and risk management control
  • Repair and maintenance technical support
  • Quick Customer Service for emergency breakdown

Summing Up: Air cargo loading systems make a comfortable and fast items loading process for the industry sector.  A selection of the best air cargo loading system becomes a great solution to all product loading and unloading problems

Effects of COVID-19 on World Economy: Shocking Facts

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RED ALERT: Pandemic outbreak has taken over the world. On 30th January 2020, the World Health Organization (WHO) has declared a COVID-19 public health emergency of international concern. The COVID-19 that started its journey from china now sadly has its roots in more than 190 countries globally.

Around 5 years ago in 2015, a Ted talk was held in Vancouver, in which co-founder of Microsoft, Bill Gates had warned the world about pandemics. Bill Gates predicted about germs war. He stated:

“If anything kills over 10 million people in the next few decades, it’s most likely to be a highly infectious virus rather than a war — not missiles but microbes,”

Coronavirus has shaken the world economy. The world’s economic picture was different before Coronavirus hit. Around 6 months back the world’s economic trends were totally different. Coronavirus has moved the world toward economic disaster and financial crises

The impact of lockdown caused severe economic downfall for all small to big businesses. The stock market is falling because of the minimum business in the market. Economists have rarely seen an economic graph like this before. Asia, Europe, Africa, Australia all continents are facing huge corona side effects even the biggest economic hub America is also not safe from it.  

The total global Gross Domestic Product (GDP) of the world is over US $86 Trillion. Due to the current shutdown trillion dollars of circulation is stopped. The global monetary loss of GDP is predicted to be approximately $76.7 billion. The forecast loss percentage in GDP may decrease from -0.09% to -0.4% depending on the depth and duration of the outbreak.

Let’s look at all the shocking impact of COVID-19 caused on the world’s economy so far:

1. Oil Market Crash

Corona outbreak spared no industry. The most shocking news for many people was when they heard America’s crude oil market crashed. West Taxes Intermediate (WTI) is the prime oil benchmark from North America.

For the first time in history, the oil market crashed in the USA. The oil rate went into negative prices. In the last 4 months, oil came from $60 to $0 per barrel.

Two major oil producers like Russia and Saudi Arabia who started an oil price war are now also facing immense losses. Due to reduced transportation, very little oil consumption, and little oil import during lockdown the oil prices are still collapsing.

2. Global Supply Chain Problem

There are an Estimated 450 million people working in the global supply chain system. COVID-19 has put lots of supply chain networks at big risk. Suppliers are not able to transport goods across the border.

China is the leader in manufacturing and global product distribution is also disrupted. Because of the closing down of factories and shops, there is very little production. Millions of orders are canceled.

The Belt and Road Initiative (BRI), train supply, and cargo supply all are disturbed. The minimal global supply chain in the outbreak period has made the world lose billions of dollars.

3. Export Market Downfall

Countries’ economic growth highly depends on regular exports. Shutting down businesses and transportation mediums has extremely lessened the trading activities between governments and all trading parties. World Trade Organization (WTO) said the global trade is expected to drop 13% to 32% during the 2020 pandemic and the world GDP may lose $77-$347 billion.

Every country is going through financial losses due to minimal exports. China’s export shrink has caused $50 billion falls in the global shipment. According to an analysis of the UN Conference on Trade and Development (UNCTAD), America’s tariffs generated a 25% export loss, European Union with nearly $15.6 billion, Japan $5.2billion, Korea $3.8 billion. Pakistan exports are feared to face an economic loss of around $4 billion and India’s exports are reduced by 34.6 % until now. The United Arab Emirates is also facing huge losses due to the reduction in crude oil export.

4. Increased Unemployment 

Unemployment and underemployment are the other big issues caused by coronavirus. International Labour Organization (ILO) assessed that COVID-19 could increase unemployment by over 195 million worldwide. In the US over 33 million jobless people have claimed unemployment benefits funds in the past seven weeks.

7.5 million Small enterprises are at risk of permanently shut down. In this challenging time, many companies made layoff decisions as they are unable to pay wages and salaries to their employees. Expatriates are being unemployed first. This layoff would risk deep-rooted damage to the economy.

5. Robots to Replace Human Workers

Machines are taking over manpower. The most alarming thing is many people would get fewer jobs in the future. As a COVID-19 grip the world, many businesses are considering replacing robots with human capital in the job. Pandemic is going to open new opportunities for automation.

Small to large companies are planning how to use machines to maintain social distancing and to minimize the number of workers. In South Korea robots have been used to distribute hand sanitizer and measure temperature. Walmart, popular retailers in the US are using robots to scrub floors. Business owners would rely on automation more if the manpower is unavailable.

6. Low Financial Reserves

In this war of survival countries’ reserves are getting low due to investment in health care and public welfare. It has the worst impact on developing countries because they already had few reserves to manage any pandemic condition.

International Monetary Fund (IMF) executive board approved millions of dollars to overcome this health crisis. World Bank is also facing immense financial crises due to the slowdown in global economic growth. As the pandemic is not ended yet marinating reserves in the future is a challenge for all the countries.

7. Traveling Restriction 

No one knew a few months back that the world would be shut down this way. Covid-19 has brought massive losses for the airline industry. Travel restriction started from China now it is imposed on almost every country. The travel industry is losing millions of dollars with every passing day.  As the coronavirus hit, the business travel sector is expected to lose $820 billion in revenue.

There are very few domestic or international flights taking place. Countries are unable to generate earnings from tourism all over the world. A foreign government is allowing only a few people to travel back to their home town. Only medical protective products like masks, sanitizers, and ventilators are permitted to import. Air traffic restriction has shaken the world’s economic trends.  

Final Verdict

COVID-19 outbreak has immensely affected every industry globally. The financial crises are going at a fast speed.  It would take much time to get back to normal economic conditions.

Advantages of Technology in Education

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Have you ever wonder what makes technology in education so important? In the 21st century, no one can imagine their lives without the use of technology. Technology has taken over the world. Technology is the branch of scientific knowledge that includes multiple procedures, skills, and methods in order to provide goods & services.

Technology has made our life easier, better, efficient and it is also helpful in saving our time and efforts. In a modern era, every single field is directly or indirectly connected with technology e.g., biomedical, robotics, security, education, artificial intelligence, electrical engineering, virtual reality, mechanical engineering, etc.

Like every other field, technological development has played a vital role in transforming the education system all over the world. The importance of technology in education is growing by every passing second. Modem classrooms include self-stand computers, web-based learning, projectors, LCDs, texts, images, etc. which have made students more engaged in their studies. Audio/Video learning, Google classes, online educational courses have made learning style more attractive and easy to approach.

According to research, students who study through technology like computers or E-tablets tend to learn faster and they have a better understanding level of concepts than those who study through traditional & repetitive methods of education.

In the past, traditional methods of teaching had made students lives dull and less motivating toward their learning. This highlighted the need for and significance of technology-based educational methods.  

Technology has the power to enhance the relationship between teachers and students. It also helps teachers in improving their teaching skills. Teachers can now interact with their students in a more efficient way. It is the technology that makes teaching and learning fun & meaningful.

All due to technological advancement, it is not compulsory to physically present in classrooms to learn different things. Students can even learn through online video or audio classes which no one can think of a few decades back.

Students can easily download E-books, articles, research papers and watch online videos on any study based topic which has reduced the prices and demand of books. Online tutorials have also minimized the price of tuition fees.

In the period of coronavirus, it is all because of advance technology that allows a student to take online classes from their own places. Scheduling kids’ education at home helps parents and teachers as well. All thanks to technology, it is now possible for anyone to take complete online bachelors or master’s degree through different websites which offers many free online degree programs.

Many schools, colleges, and universities utilizes technology to conduct online entry test exams for their admission purpose and they also upload a list of selected candidates on their official websites which makes it easy for students to check it from their home premises.

The role of technology has several advantages in the educational sector.

Top 5 advantages of Technology in Education

Increase Motivation

Teaching lessons in a new way is expected to be more fun and enjoyable for each student. When students learn from different videos, audios, artificial intelligence, and gadgets, it increases their interest level. They always stay motivated and enthusiastic about their test, assignments, and projects.

Boost Intelligence

When there is technology in classrooms, it is helpful in boosting student’s intelligence in many ways. By searching different topics on the internet, looking for problem-solving techniques and using online applications increase their leaning and memorizing capabilities. Students stay up-to-date through their studies. It is best for student’s mental development and it also broadened their thinking ability.

Develop Engagement

A learning environment which includes technology, it increases the class participation and engagement. Engaged students are always expected to perform better than those students who study in a traditional teaching environment. Using tech-learning resources make students more involved in their classwork. 

Prepared for Future

We all know this is the era of technology. Technology is involved in every profession. So, technology in education helps in choosing a better career opportunity in the future. Students can get to know about what would be the future trends in the field management, world economy, politics, environment, science, security, etc. It will also provide them career growth opportunities.

Improves Learning and Understanding

Students learn more and understand deeply when there is a tech-based learning environment. When complex topics are explained through videos, photography, and online published researches it makes them learn fast. Many students love to search, type, read and create different things on computers which makes them more progressive.

Advantages of Technology for Teachers

Saves Time

In every school, college or university, technology has made it possible for all teachers to share their lectures, upload different projects, assignments, and update grades & attendance just in few seconds.

Previously, teachers used to write on white/blackboards which consume much time, but now lectures which are presented with the help of PowerPoint slides, teaching software, videos, etc., which makes the student understand the lectures in less time.

All educational data could be transferred with the help of one email, USB drive and CD’s has made immense ease for both student and teachers.

Decrease Work Load

Teachers who conduct computerized online tests save their huge amount of time which they used to spend on manual checking and it also minimizes the daily workload.

With the help of technology, there is no need to use repetitive procedures. Teachers can use online project management tools and plans to decrease their working burden.

New Teaching Methods

Educational training and coaching help the teachers in enhancing their teaching capabilities. Tech learning is the best learning now a day. There are many teaching methods that teachers should know in order to create the best learning environment.

For example, co-coordinate live video, using multimedia, Sharing online class calendar, providing online activities, reviewing the content on web pages, using online mind maps, setting up student blogs, use online sign-ups, game-based learning, participating in web quest and many more.

Teachers could convey their lecture in more efficiently by using these new methods

Transform Class Presentations

Good lecture presentations are the backbone of conveying the concept to the students. Technology has transformed class presentations and has eliminated those old teaching styles. When lectures are presented using technology it helps both teachers and students. There are many applications & tools available online through which teachers can improve their lecture presentations.

When teachers adopt different teaching tools, it increases excitement in students to learn from different methods. Educational technology also helped teachers in providing different teaching tools. Padlets, Teachers TryScience Nearpod, learn around the world, Buncee, FlipGrid, TodaysMeet, ZeeMaps, Venngage, Lifeliqe are considered to be some popular teaching tools all around the world. The advantage of these teaching methods and tools is to enhance teacher’s skills, knowledge and presentation capabilities

Fast Communication & Reporting

Technology in the classroom bridges the communication path between parents, teachers, and management. These tech-classes help parents to see what their children are performing and how they are behaving on a daily basis.

There was a time when parents used to wait for PTM (Parents Teachers Meeting) day to get to know about their child’s performance. Now, technology has made this communication fast and easy.

The teacher can report anytime to parents by using online mediums like instant email, Social media pages, websites, online parents-teacher groups, and direct messages.

Conclusion

In a nutshell, technology has made huge positive changes in a world of education. It has added ease in the lives of teachers & students. Classrooms that are integrated with technology opens new experiences and doors for students. Overall, it creates better teaching and learning opportunities for every person.

How a Human Resource Manager Make Money from Home

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Don’t you think working within the walls of your home would be the best feeling ever? Your answer would be a big YES. Home-based working is the preference of most people. Every person wants to be wealthy. Working from home is getting more common as e-technology and telecommunication have taken over the world.

Flexible and Global Workplace Analytics found that in the last 5 years, there was 44% growth recorded in remote working. Its trends have grown above 159% since 2005. In the United States, 4.7 million employees work remotely which makes 3.4% of the world population.

All around the world, COVID-19 has changed the working system; many companies are now switching their working from offices to remote work. COVID-19 could even cause permanent shifting of employees toward home working. Working from home is the best solution for the companies than closing down the whole business for an uncertain period. Nevertheless, it is obvious that people work comfortably and produce more output when they perform job activities from home.

Like any other profession, human resource managers could also work from their home premises. Human resource managers are the essential running wheel of every successful business. HR managers perform different functions by having organizational skills, communication skills, decision-making skills, budgeting skills, training and development skills, project management skills and policy-making skills, etc. that help them in working from home as well. 

Human resource managers act as the leaders of any company. Leaders have the ability, to rule on the minds of people; even they were not physically present with their followers at the workplace. HR officers have the capability to build employee-client-relation from long distances with their communication skills.

There are hundreds of benefits when an HR manager works from home

  • Flexible working hours
  • Spend more time with family
  • Save money from regular fuel consumption
  • Save traveling time
  • Customized working environment
  • No noise or crowd distraction
  • Easier call making
  • No payment for office food
  • Working in comfortable clothes
  • Increase productivity
  • Less official stress

A Human Resource Manager can make money from home in several ways

Telecommunicating HR Jobs

Telecommunication jobs are the best source for a human resource manager to earn money by working within home boundaries. Technological gadgets like laptops, mobile phones, computers, and e-tablets have made it easy to work from home. Many telecommunication companies offer positions of HR recruiters and HR administrators.

The role of a human resource recruiter is to finding the best talent for the company and coordinating with higher management for discussing recruitment goals.

Contacting recruiting agencies, reviewing candidate’s resume, conduction phone interviews, generating official hiring emails and discussing company policies, all activities are possible through the home. Telecommunication jobs are favorable for both companies and employees.   

Developing HR Consultancy Company at Home

A human resource manager can provide consultancy to its business clients by developing a consultancy company at home. A manager can generate money by providing consultancy about HR issues, developing organizational model, strategy implementation, business process designing, company policy formation, job evaluation system, job description development recruitment process, payroll, employee benefits package and employee satisfaction, etc. Business entities always look for HR consultants to make their organization work successfully,

Selling Online Services

To be a great human resource leader, a manager should be an all-rounder in an online world as well. Online platforms are the best place to sell your services for generating money.

When a manager is passionate, goal-oriented and focused, he/she can sell services like research through online means as well. Fiverr, FlexJobs, Freelancer, Topal, Guru, PeoplePerHour, and Upwork, etc. are the best websites to sell online services. An HR manager can sell several online services like job descriptions, HR reports, business plans and salaries calculation, etc.

Making YouTube Video Tutorials

People earn a huge amount of money through YouTube channels; no matter they belong to which profession. A human resource manager can easily make videos within his/her home premises and upload them on YouTube channel to earn money.

HR managers can create blogs on recruiting, professional tips, HR solutions, employee training & development, staffing, HRIS (Human resource information system), performance management, employee retention, and organizational management, Human Resource Accounting guide, etc. and on many more topics.

An HR manager can also give lectures to business students through the YouTube channel. Gaining more number of subscribers and viewers means getting more money through the online channel.

Human Resource Content Writing  

Convert your words into money. Publishing articles for online business websites is the best way to sharing your skills & knowledge with others and earning a big amount of money.

A human resource manager can turn their vast experience into article writing. Sharing knowledge related to human resource multiple dimensions through writing becomes another way of making reasonable earnings from home. Approaching websites that have a high traffic audience would be more beneficial in making money. 

Providing Services through Video Calls

HR managers or officers can build strong relationships by taking their employees onboard through video calls. Through their best communication skills, decision making and strategies, an HR manager can communicate with any client or employee by sitting at home.

They understand EQ importance in the workplace, So; they can use their strategies to associate employee emotions with the company’s success. It can be motivating staff.

Video calls are the best way to provide fast services and earn money in a short time.

Conclusion

Hence, the right utilization of skills, knowledge, capabilities and experience could easily help the human resource managers, in making money from home. 

Know it before Claiming Phone Insurance

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Life is uncertain and unpredictable. No one knows what the next moment holds. Anything is possible, so we should always try our best to stay prepared before any uncertainty. This highlights the need for different types of insurances in our life. The growing need for insurance has shown why types of an insurance policy are important.

There are many types of insurances like health insurance, life insurance, auto insurance, long-term disability coverage, property insurance, fire insurance, pet insurance, mortgage insurance, travel insurance, smartphone insurance, and many more.

The main purpose of this article is to highlight the significance of smartphone insurance. There are many things in your life that require insurance coverage; phones are also one of them. Life has become so busy that we forget so many things. Every day so many people forget and lost their phones here and there.

Whenever someone lost their phone, we often hear this line “Can you please call on my phone?” The most common places where people forget their phones include restaurants, coffee shops, changing rooms, malls, subways, taxis, and sometimes street benches as well.

Phones often slip from handbags; fall down from back pocket, left on cash counters, or sometimes get stolen. When the phone is lost, at first instinct we can’t determine whether it is lost naturally or someone stole it intentionally.

There are multiple phone insurance companies all around the world e.g., Asurion, Verizon, Loveit Coverit, Row, Gadget Cover, Trusted Insurance, Insurance2Go, Cover Cloud, etc.

Mostly, smartphone insurance plans are popular in the USA and Europe side. However, this plan also getting attention in Asian countries as well.

Competition among mobile brands is growing rapidly. Nowadays, it is a marketer’s trick to attract customers from their insurance policies. Phone insurance is necessary due to several reasons. Companies offer different insurance policies to its customers.

Companies offer insurance plans in case of cracked phone screens & physical damage, mechanical failure & manufacturer defect, lost & theft protection, water damage, local repairs, etc. These insurance deals help to recover the mobile phones or even in some cases company’s offers repay in form of money.

This article will let you understand

  • What to do when mobile phone is lost or stole
  • How to claim insurance of lost or stolen phone

If you have ever lost your mobile or anyone in your circle lost their phone or their phone got stolen, here are some important points to follow in order to claim insurance.

Track your Phone

Tracking mobile using phone applications is the first and easiest way to find out where mobile could have been lost. In case it is stolen still this method is very helpful in tracking the phone location.

Apple Phone TrackingAndroid Phone Tracking
Login to iClound.com/find or you can use “Find My app” on another apple deviceGo on “Google Play Protect” or visit android.com/find and track the device.
Click “Find iPhone” and after selecting the device locate the device on a mapIf the phone is lost somewhere near and it is connected to the internet then click “Sound On” to locate the phone.
In stolen case: Select “Mark as lost” this will lock the device with a passcode.If unable to locate the phone then the next option is to click “Lock” or “Erase” this will protect your personal data

Block Sim Card

If you are unable to find your phone, the second thing a person should do is to block the sim card. It is done by informing your network provider about the incident. This is necessary to do, because someone may misuse your number in any illegal activity.

The network provider can also block IMEI (International Mobile Equipment Identity) numbers. It is a unique number of 15 to 17 digits which is the identification code of your phone. When the network company blocks the IMEI number, it means the stolen mobile phone is no longer useful for the thief anymore. Once the IMEI number is blocked, the phone would not be able to work with any other connection as well and thieves cannot make any calls or SMS. 

Report to Nearest Police Station

After reporting to your network provider, it is important to report about the lost/stolen phone to the police, that your mobile is missing. The more immediately you report, then there are more chances of phone recovery. There are two main benefits of reporting:

  • The police station will provide you with crime number
    which will help you in claiming your insurance.
  • This reporting will save the person from any charges, if
    his/her phone is used for any unauthorized calls, illegal or terrorist
    activity.

General Procedure of Phone Insurance Claim

To make an insurance claim, a person can make an online claim by visiting the relevant official website of the insurance company, by reporting on their helpline number, or by physically visiting the insurance franchise.

Your claim is stronger when you report your lost/stolen device to your insurer within 24 to 48 hours. Reporting about the incident late will make your case weak.

What to provide in the Claiming Process

  1. Give detailed information
    about the incident. Your insurer may need at what time, date place your mobile
    was lost or stolen.
  2. Provide the phone
    model number, the year it was purchased, proof of purchase, network name, from
    how long you are using this phone and some pictures of your phone. 
  3. Provide your
    insurance company with crime number given by the police authorities and IMEI
    number of your device. This makes your insurance case more authentic. This crime
    number is beneficial in claiming the financial loss of your device.

You may also need to fill out some paperwork which includes some documents in order to track your claim. Some companies also give claim ID to their customers through which they can check claim status online.

The recovery time may vary from company to company. Mostly, companies take around 48 hours to 7 days in this recovery procedure, or in some cases, it may take several weeks.

But, before a financial refund or replace your phone, the insurance companies always make sure whether the respective insurance claim is valid or not?

After reviewing your claim insurer makes sure they satisfy their customers in the best possible way.

Due to these insurance claims a person may get a new mobile phone or sometimes they get financial payback. Getting the mobile phone back is not a guarantee, but getting financial recovery is still a positive thing.

Hence, smartphones are an essential part of our lives. Every person’s personal & official data is kept on these phones. To protect and replace phones in case of damage, loss, and theft, it is recommended to take different insurance plans. As mobile phone insurances are as important as any other insurance policy.

10 ways to Drastically cut Household Expenses

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Is it hard for you to cut household expenses? Do you stay worried about how to save money? No need to worry more. This article will provide you with the easy and best ways to reduce expenses. As we all know expenses are increasing day by day.

For many people, it is very difficult to survive within a limited salary and budget. The greatest challenge is to determine, how to utilize your personal finance on the right things, so it would be helpful in saving money.  

Financial management is not only important for businesses but it is equally significant for household expenses. Little financial management on daily basis could lead to bigger results on monthly savings. For that purpose, you are in right place to take some superb ideas about how to drastically cut your household expenses.

10 Highly Effective Approaches

Buy in bulk

Buying in bulk means is to purchase a large quantity of one product at one point which reduces its unit price. Everyone looks for the best product quality at a minimum price. Buying in bulk is the best way to cut household expenses.

When 1 product is purchased it would cost high, but when things are purchased in bulk, it cost much less than usual. Many people prefer to buy in bulk whenever they go shopping e.g. tissue rolls, diapers, batteries, soaps, pasta, detergents, rice, sugar, coffee, clothes, etc.

A huge number of grocery stores offer discounted prices when a person buys a product in bulk -form. Stores like Wal-Mart, Trader Jae’s, 7-Eleven, Kroger, Whole Food Market are a few of its examples.

The second way is to get offers from online stores. For example, Amazon, eBay, Alibaba are some of the popular online selling stores it also gives discounts to its customers when they order products in bulk.

Save Electricity

Turning off unnecessary light, buying efficient appliances which consume less energy, using natural light are very significant methods in minimizing electricity costs.

Installing LED bulbs saves a huge percentage of electricity. Replacing an incandescent bulb with LED bulbs can save energy up to 80% of energy.

According to research, an LED bulb can save about $3 to $5 per year. When there are more than 30-40 bulbs installed in a home it can save you around $100 on yearly basis. Using less electricity will eventually reduce monthly electricity bills and it would help in saving for household expenses.

Spend Less on Hoteling

Food is considered to be one of the largest household expenses. All around the world people invest 20% to 40% expenses on only food. Restaurants and cafes take much higher prices on the food they serve and they also apply government tax on billing.

Reducing the number of hangouts, lunches, and dinners outside can increase savings. If an individual’s dining-out percentage is decreased from every weekend to once or twice a month, it could make a huge difference.

Avail Discount Offers

Availing discount is very self-satisfying for every single individual. There are many kinds of discount offers all around the world. There are Christmas sales, Easter sales, Black Friday sales, summer sales, winter sales, Eid sales, Independence Day sales, clearance sales,s and many more to attract customers. However, it’s marketers trick to boost sales but still helpful.

Utilizing these discounts on clothes, shoes, groceries, electronics, and gadgets is the best way to manage personal finances. Sales/discount offers can vary from brand to brand but on average some offer only 10% discount and some may offer up to 70%.

Purchasing stuff in a buy one gets one free deal is also a perfect saving method. Comparing product prices before buying a product could also help in buying the best quality at a low price. The more people can avail highest sale offers the more it is beneficial for them.

Grow Fruits and Vegetables at home

Growing fruits and vegetables in the home garden is an amazing idea of saving money. Fruits like oranges, mangoes, banana guava, pomegranate, etc., and vegetables like potatoes, peas, cabbage, spring onions, tomatoes, and lemon can be grown at home easily which saves a lot of money in comparison to buying them from grocery stores on market rates. Home gardening is not only best for health, but it is also best for one’s pocket.

Use free Apps for calling/texting

Communicating with people is part of the daily routine. Telecommunication brands have expensive rates not only within the country but also has double triple rates when someone calls across the border. Nowadays every single person uses the mobile phone to contact their relatives, friend, and colleagues.

Using free calling, texting applications like Whatsapp, Skype, Facebook messenger, ToTalk, Botim, etc. are considered to be the easiest and finest way to save money. On a weekly, monthly, and years basis these social interaction application saves $1,000 of customers globally.

Recycle old Stuff

Recycling is a method of making new things out of old. There is no doubt that recycling saves money. In every home there are old & used things which could be recycled into something better.

For example, recycling ice-cream containers can be converted into food storing containers. Plastic bottles could be converted into decoration pieces or stationery holders and tin cans could be used as a jewelry box, old wood pieces could be used in making shoe racks and there are many more things that could be possible.  

Sell used Stuff

Selling things that are no longer required is one of the outstanding ways to make money for household expenses. The idea is to earn profit by selling that used stuff on online applications. For example, reselling an old computer, sofa set, the table would be helpful in earning money from already used things.

For this purpose letgo, Facebook buy & sell groups, offerUp, eBay, varageSale are some of the best online selling applications. Earned money from sold stuff could be used in purchasing other necessary things.

Use Public Transport 

Moving from one place to another using public transport is less costly than using a personal car on daily basis. Public transport offers cheaper traveling rates to the public while on the other hand daily spending on petrol is very much costly. Pick and drop cab applications like Uber, Lyft, Grab, etc. should be widely used as they offer discounts on daily traveling to its customer.

Reduce Insurance Cost

Insurance is a very important thing, whether it is for health, car, or life insurance. Taking insurance that suits a person’s budget is a significant way to save money. Always try your best to find those options which are efficient in reducing insurance premiums.

Conclusion

In a nutshell, household expenses would be easily maintained, if every individual tries his/her best to cut expenses on a personal level. Cutting only 1$ from household expenses on daily basis would save up to 30$ monthly and around 360$ per year. Implementing different money-saving ideas could make big difference in one’s life.

How Research and Managers are Interlinked

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The global market is getting faster day by day. Every second, science & technology is moving one step ahead is all because of great research work. On a domestic and international level, you can only survive if your research plan is better than your competitors.

Only a skilled manager can help the organization in better implementation of the researched strategies.  Now, the question arises why research is important? How it is significant for the managers? Reading it will give you a deeper and better understanding of the role of research in the life of a manager.

Research is the way of investigating systematically to collect new knowledge. It includes multiple steps like observations, questions, searching the literature, hypothesis, experiments, data collection, surveys, sharing results, developing interpretations, and conclusions.

Research work is conducted on both academic and professional levels. Mostly it is represented in a statistical format. Every field has a different type of research work. It could be a cross-sectional study or a longitudinal study.

Some fields require only observations and others require physical implementations. A research result also varies from person to person, country to country.

Many scholars spend their lives in this field to come up with authentic researches that become beneficial on the global level. Timothy Berners-Lee, Stephen Hawking, Jane Goodall, James Watson, Noam Chomsky are a few examples of revolutionary researchers.  

Importance of Research 

There is huge growth in a field reached from past decades. No one can deny the importance of research. Research is essential for every individual and as well as huge organizations. Whether it is science, technology, education, medical, astrology, automobiles, electronics, social media, marketing, or name any field it is developing day by day due to big efforts in the research plan.  

Some Random Examples of Researches

Medical Research

In the field of biomedical, scientific experiments are conducted on different medicines. Clinical research is conducted on a daily basis to find diagnosis methods of different diseases and to find prior prevention methods of different viruses.

Product Based Research

Every brand performs market research before launching its product. Brands search for, need & want of customers. They conduct a market survey to know about the product demand, for setting the price, and also for product placement. Conducting customer satisfaction surveys and taking client feedback is a part of a research process that helps companies to improve their brand and market reputation.

Entrepreneurial Research

Entrepreneurs are the people who come up with new business ideas. Even before they design, launch and run their business they conduct a large number of research so they become successful in that respective field.  

Restaurants Research

Every restaurant wants to be the best in their town. Their management conduct different researches to find out what kind of food is loved by the general public. What new recipes they can introduce. What are the most rated dishes are? This kind of survey helps them to perform better than other restaurants

Government Research

Research is also conducted on the government level to understand the need and wants of the people. What are the new policies and strategies they should implement in the future and also improve their weak departments?

Some Key Significance of Research is:

  • A good research work helps to understand the difference between the profits-lose, success-failure. 
  • High-quality research provides knowledge and understanding of all do and don’ts.
  • It is the backbone of every successful business. 
  • It is significant for sustainability in the market and to compete with competitors.
  • It also reduces the chance of error, mistakes and most importantly from uncertain losses. 

Role Research in a Manager’s Life

Every organization conducts research programs to train and educate the managers. Improving research management on a daily basis is really fundamental. In a business, whether it is financial management, marketing management, or human resource management, they all need to be well researched in their respective work.  

Managers are the role models. Being well-researched is the quality of a good manager. Their motivating, charming personalities set the goals for the employees who work under them. When employees observe their managers conduct research before implementing any work it also increases their work engagement and when the whole working staff is also involved in the research process it increases the company’s success.  

According to many international surveys, it is concluded, managers who do research work, tend to have more success rates rather than those who don’t research.  A manager saves the company from the chance of losses.

Example of Gillette razor

Gillette is a successful American brand. It has features of safe cutting-edge technology. It has well research managers which makes these brands far ahead of other brands. Every year they conduct market research projects for global Gillette Corporation of proctor & gamble which show their quality of work.

Apple Example

Apple management conducts hundreds of research work before launching their iPhones, iPod’s and watches. Every year they research hard to make their brand design, features, and applications differ from other competitors.

Microsoft Researches also

Microsoft was founded in 1975. It runs the world because of its amazing windows. There is no match for their research which makes them the number 1 operating system all around the world.

How research is important for Managers

  • It improves the manager’s skill-building approach.
  • Valuable in achieving company objectives.
  • It makes easy to be more innovative and come up with different new ideas.
  • Well researched work helps managers in the decision making process.
  • Increase chances of achieving goals & targets.
  • It is the best tool to understand companies problem 
  • Helps is solving multiple issues that occur on different levels.
  • It builds confidence within the manager and even the whole organizational environment becomes positive 
  • Managers have a direct significant impact on their subordinates. The more the manager is active it will motivate the employees
  • In case of any problem, the manger always finds the alternative solution to come out of that problem.
  • Creates brand impact on customers’ minds.
  • Beneficial in understanding the market ups and downs,
  • Significant in making brand impact much better than competitors.
  • Market research leads to the best ad making strategies. 
  • It helps in leading to company towards betterment. 
  • It is the source of manager’s career development and personal growth.
  • Well researched manger is also a source of inspiration for other employees.

Conclusion 

Hence, no one can deny the role of research in a manager’s life. Research is important from bottom to top-level management. It would be no wrong if we call fully researched work, the second name of success. Managers who conduct research lead their organizations toward a successful future.

Methods of Human Resource Accounting

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Have you heard the first time about the term “Human Resource Accounting”?  In this article, I will let you know all about this. Firstly, let us understand what human resource is and what is accounting? Secondly, how they both work together. What are the methods which are included in it?

Human Resource

The human resource department is the fundamental unit of all organizations. Human resource refers to the staff that helps the organization in the searching, shortlisting, hiring & training of new employees.

The basic goals of HR managers are to find the right man for the right job, make compensation policies for their workforce, and also make the best strategies, a policy,  which lead their organization toward success.

Accounting

Accounting is important for every business because includes the series of action through which financial transactions of any organization is recorded. Accountants analyze all the assets, expenses, profits, and losses of the company and then summarize them in a report form.

Human Resource + Accounting = Human Resource Accounting

Human resource accounting (HRA) is the process of evaluating the cost and value of the staff recruited in the organization. It is the exercise to determine how much investment an organization made in the Human Resource Assets.

The cost of employee training, recruiting, salaries, development, etc. is measured in it then this report is shared with the authorized concerned parties.

Importance of Human Resource Accounting

  • Provides value to human resources.
  • Beneficial for origination in making decisions regarding training, promotion, and retrenchment for employees.
  • It is helpful in management principle implementation and decision making by enhancing the financial significance. 
  • It is helpful in analyzing employee turnover and taking retaining steps to prevent it.
  • Human resources accounting important information for the organization’s long-term investment.

Methods of Human Resource Accounting

Since the late 17th century, many researchers have been working on how to calculate the worth of employees. What are the things to consider if an employee is good or not for business? It has many methods to calculate the cost & value of employees.

HRA Methods

Monetary MeasuresNon-Monetary Measures
Historical Cost MethodExpected Realization Value Method
Replacement Cost MethodDiscounted Present Value of Future Earnings
Opportunity Cost Method
Economic Value Method

Monetary Measures

Historical Cost Method

This method was developed in 1967 by William C. Pyle. The historical cost approach means the actual cost experienced by the organization in hiring, developing, and training the employees is capitalized over for the useful period of human resources.

The expenses made in all the selection, recruitment, and development of employees is recorded in written form during which human resource will provide the service.

The advantage of this method is it is easy to understand and implement but its disadvantage is it is hard to determine how long employees will carry on his/her job. 

Example:

If an organization hires an experienced employee he/she may not require much training & development.

Replacement Cost Method

The replacement cost method was first introduced by Eric, G Flamholtz. In this method, the cost of replacing employees is calculated. It is based on the assumption that it will cost the organization if the current human resource is replaced by new employees having the same talent and experience.

The advantage of calculating replacement cost is in times of inflation it provides more real value. Its disadvantage is it is not always easy and possible to find out the replacement cost of employees.

Example:

It was estimated in a research that the replacement cost of middle-level executive managers is higher 1.5 to 2 times than the current salary employee is holding.

Opportunity Cost Method

The opportunity cost was discussed by Hc Kiman and Jhones. This method evaluates the value of human resources when the employees are used in alternative activities.

An employee’s value depends on his/her opportunity cost, the amount other sections is willing to pay for the functionalities of employees working in another section of an organization.

Its advantage is it makes sure alternative allocation of human capital. The disadvantage is it is a doubtful procedure until the optional uses of worker services available in the company are traced out. 

Example:

If organizations take services from employees who provide the organization with 10% profit is a better opportunity than to take services from employees who are less profitable…

Economic Value Method

The economic value method determines the value of employees on the basis of how much they can put a contribution to the organization during the time period employees stay in the organization.

Employee’s payment is estimated and discounted in the form of benefits, salaries, and allowances at the current economic value of employees. The benefit of the economic value method is it considers the employee’s career movements. The disadvantage is difficult to find out the employee expected tenure in the organization.

Example:

The benefits workers get in return for their efforts toward company success.

Non-Monetary Measures

The non-monetary measures of the economic value of human resources rely on ratings and rankings rather than a dollar or money terms. It is a behavioral measurement technique.

Expected Realization Value Method

The expected realization value is measured through the appraisal technique to value the transferability, promotion, productivity of employees. These are observed through assessments done by managers.

Discounted Present Value of Future Earnings

This method was proposed by Rencis Likert. It includes three variables i.e., casual, intermediate, and output. Leadership & style is determined by causal variable, intermediated evaluation motivation, morale, and commitment toward goals. These variables eventually affect the output variable which includes sales, profit, production, etc. 

Conclusion

Thus, human resource accounting is the best method for human resource planning and personnel development. The workforce is an important asset for all organizations. HRA provides effective management practices for the improvement of both employee and organization levels.