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Project Management Budgeting Method

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A successful project manager is one who confidently executes a project, considering it his primary duty. One should maintain good quality standards, fix time, and keep a scheduled budget before initiating any project. These are the three core points that will help you raise your project management and provide the best end results. Experts usually take quality and time under notice and don’t focus on budgeting, which leads to their failure. You should know that nothing can beat the importance of strict budgeting. It is one of the most required skills for project management.

Today we will discuss the essential budgeting methodologies after understanding the chief concept behind a project budget.

Define Project Budget

You must have experienced buying anything from a local market. What do you see before purchasing your desired product? Your budget, of course! It is the same thing before the stakeholders initiate any project. You can define the project budget as a cost-plan that is acted upon throughout the entire management. The interested parties utilize this scheme and get a rough idea of how much money a project can consume in all of its phases. It includes all the costs, such as material purchase amount, labor cost, and operating expense, etc. These are not the only costs included in the plan, but the budgeting list is examined every time and reconsidered, if necessary.

5 Amazing Project Management Budgeting Methodologies

Once you’ve decided to follow the accurate budgeting for your project, spot the best possible methods to process it. Several organizations work on different projects, and therefore might require many budget planning schemes. It could then be difficult for them to use a pet template for all organizations. That’s why there appear some methods so you can check the list and choose the one that suits your project management budgeting.

We will brief these five methods one by one below:

1.      Bottom-up Technique

This access often allows the staff from all departments to come forward and enlist the necessary steps needed to finish a project. The bottom-up technique prefers highlighting every insight of a project that can utilize money. So it starts with allocating the amount to each phase and summing them up to reach an approximate budget idea.

2.      Top-down Technique

It is hardly like the latter method. The top-down technique begins with a thumbnail sketch where one totals the amount and split it to assign to several departments for a project. Moreover, the management team can also take ideas from past budgets, previously completed projects, economic situations, and much more.

3.      Three-point Estimate Technique

This technique is the most helpful of all as it enlists the finest and the worst budgeting strategies for all steps involved. A three-point estimate takes the cost into account and outlines this idea to create a budget. The presentation of risk budgets helps an organization move towards the best budgeting scheme of all.

4.      Parametric Estimation Technique

The team splits a project into its respective phases and calculates the cost, depending on the organization’s data and the previous works done. For instance, if you extract the history and see three workers can build a fence in 10 hours, check the current market rates and perform a similar task under todays’ budgeting plan. It will assist you in getting an approximation so you can set an amount for the project. Still, parametric estimation is not generally preferred by organizations.

5.      Analogous Estimation

It is somehow similar to parametric estimation. This technique includes the team members analyzing previous projects and calculates a rough budget accordingly. It seems accurate only if stakeholders find exactly similar projects performed before. For this, just make sure that you relate your current task with exactly the same in the past, and that’s how you can achieve your desired goals.

You can consider all these options one after the other for your different projects and analyze which suits your tasks the best! Being a responsible stakeholder for your organization, make sure to choose a project management budgeting that perfectly fits your set frame.

Importance of Project Management Budgeting

The primary benefit of budgeting is that it can help a company assess its execution against spending. Keeping a revised budget will let a company know that they have complete resources to prepare a given project. It can help you work sleekly and improve your business.

Moreover, budgeting guarantees the convenience of assets and their estimated usage in completing tasks. An organization can be successful in project management only if it appropriately uses the planned budget.

Bottom Line

If you are confused about having multiple options available to kick start a project, start planning a budget for your task. It will help you get rid of unnecessary options and will keep your path clear towards project management. Besides assuring good quality and satisfying your customers by finishing the task on time, this budgeting also holds its significance.

A project manager can keep a check and balance of the used and remaining amount with the help of project budgeting. All in all, a well-drafted budget ensures that the work is distributed well between staff members, and everyone knows his responsibility to complete the project under the given time and fixed funds.

What is the Minimum Wage in Georgia?

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Different states find it their prime duty to set minimum wages for hardworking employees. As with this essential step being implemented everywhere, it’s sometimes difficult for employers to stay informed about the payments. We have written this article to help you know every important thing about minimum wage in Georgia.

The state hasn’t increased the salary rate per hour in these recent years, and it’s still lesser than the defined rate by Federal Government. The minimum wage in Georgia was $6.55 before 2008, which raised to $7.25/hour by 0.7 dollars. This law of the lowest possible pay rate every hour is eligible on companies with six or more workers.

Let’s talk about the current Georgia situation below.

Review the Minimum Wage in Georgia for 2021

The Federal Fair Labor Standards Act (FLSA) counters the particular state’s law dealing with the minimum wage. Georgia finds it just to offer a rate of 5.15 dollars to its employees, while the FLSA claims that every employee should at least earn $7.25 every hour. This way, the federal decision overrides the minimum salary fixed by Georgia. Besides this, the federal wages surpassing the law of Georgia also hold importance for its exemptions. Following are the few exemptions by the Federal wage rate per hour:

1. People who fall under 20 will be paid 4.25 dollars/hour as the training amount for the initial ninety days of service.

2. According to the law, the minimum tipped amount for employees is $2.13/ hour, which extends up to $5.12/hour as the maximum tip credit.

3. The students earning to meet their needs are paid almost 85% of the minimum wage, which calculates to be $6.16 for an hour. It is only applicable when the respective student worked for twenty hours a week.

Discover the Rules Applicable for Georgia’s Overtime Minimum Wage

Many workers around the world prefer serving more hours on work to earn more. These excessive duty hours than usual are referred to as overtime, and the state pays its employees accordingly. If a worker served for more than forty hours a week, according to FLSA, he is entitled to get an overtime pay rate by the employer. Most regions have specified an hour limit for overtime working, but that’s not the case with Georgia.

Generally, an overtime salary is 1.5 times the original minimum wage rate per hour for all employees. So with this under observation, Georgia has a minimum overtime wage of $10.88/hour. If you are employed in any company in Georgia and worked for more than 40 hours in seven days, you are eligible to get 1.5 times more amount than your regular salary.

Who Are Eligible for This Overtime Minimum Wage?

The Fair Labor Standards Act ensures the calculated overtime amount to low-grade workers spending their maximum time serving. If you fall under employees manually working, such as in construction, as a cashier, or industrial attendants, you’re eligible to get the extra amount.

List of People Exempted to Get Overtime Salary in Georgia

There are a few exemptions not getting the overtime salary because of already being paid a handsome amount. The government wisely set rules and excluded people with bright futures to benefit themselves from overtime salaries. According to a survey, almost 50 million workers cannot get the overtime minimum wage in a population of 120 million employees. Let’s look at the list of exemptions below:

·         Whitecoat professionals, administrative, and other such reputed designations

·         A Section 13(a)(1) by FLSA excludes the workers who are already earning a minimum of 455 dollars every week.

·         All salesmen, many independent contractors, software-related employees are those people who earn by setting their own working hours, so also excused.

·         Agricultural workers, transportation employees fall on the list.

You can further check the details on the official website of the Department of Labor in Georgia.

Bottom Line

Georgia doesn’t seem to increase the minimum wage in the coming years. If this step is initiated, it’s a huge favor for the economy of the state. The government should think about creating something that benefits everyone. A study revealed that if the federal wage rate increases by $2.85, calculating to be $10.10 every hour, it can boost up the market to 22 billion dollars. They should open up the books to generate better opportunities and enjoy a wealthy life!

Minimum Wages in Illinois

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All employers are asked to pay their staff a minimum wage. It is defined as the least rate of working per hour by the employees. If somehow, a worker isn’t able to earn up to the minimum pay, he/she should clear the due amount to the respective entity. Different regions have locked state, local, or federal rules for the minimum wages, including Illinois. The fundamental cause behind fixing this lowest amount is such that a company/office can pay the right amount to its employees on time.

Let’s read the article below to know more about Illinois and its minimum set wages for employees.

Figure Out Illinois’s Minimum Wage in 2020

The general minimum wage rate for the federal department in Illinois was set to be 7.25 dollars per hour. Keeping this in mind, non-tipped workers above 18 years are getting a handsome wage rate of 10 dollars per hour by 1st July 2020. However, students and teenagers working to earn for themselves earn the least rate of 8 dollars/hour. According to a law in Illinois, if these under-eighteens serve their employers for almost 650 hours a year, they should be granted the same salary rate as workers above eighteen are getting. It was quite an impartial decision made by the respective government.

A Little History About Increasing the Minimum Wage Rate in Illinois

The House and Senate of Illinois passed a law in 2019, stating an increase in the wage rate to $15/hour by 2025. Later on, the government outlawed this statement after thoroughly evaluating workers and their performances in past years. It was not a good experience as the workers used to serve fewer hours and earn more up to $13/hour in 2016. Thus, the decision was reconsidered, and the minimum wage in Illinois now stands at the rate of $11 per hour.

Illinois Lawful Protection for Tipped Workers

An employee should clearly understand the rules and regulations behind getting tips on providing services. What should be the tipped amount paid by the employer? Should you contribute to handling the compensation or due payments of your working place? All these general questions are answered according to the laws of your respective state. Similar is the case with Illinois! The government has fixed some rules of paying the tipped amount to the employees working in Illinois. They are generally paid almost sixty percent of the actual minimum wage per hour. Let’s discuss in detail the key tips and legal protection provided by the Illinois government and federal state to the tipped workers.

The primary rule for getting tips is that it all belongs to the particular worker and not to the employer. Still, there are some exceptions found where a worker can share his tipped amount with other parties, such as:

Rules for Tip Credit: A few states give their employers a right to count their staff tips as wage pledges. It does not mean the employer is getting a portion of his employee’s tips, but he’s instantly paying that percentage to the respective person. It is called tip credit, and Illinois usually follows this step under basic tips rules.

Rules Regarding Tip Pool: According to a law in some states of Illinois, workers getting tipped should share a portion of that amount with other staff in the tip pool. This way, all employees can enjoy a part of the extra salary.

Illinois Dealing with Overtime Minimum Wage

An employee’s overtime salary considers being 1.5 percent of its actual minimum earning per hour. Hence, as per the current wage rate in Illinois, the overtime amount turns out to be 16.5 dollars/hour. Now, who is eligible to get this overtime amount? All those workers who spent their forty hours a week on work are authorized to receive this 1.5 times extra amount.

Exemptions of Employees to Get Overtime Wage Salary

As everyone struggles to earn more and more, the government of Illinois specified some workers who can acquire this facility. At the same time, they also exempted a few who are ineligible for this overtime minimum wage. A necessary list of these exceptions include:

  • Some technical workers, such as engineers, software professionals, etc., get almost 27.63 dollars/hour.
  • Some administrative by Fair Labor Standards Act
  • Workers who serve in television or radio in an area with less than 100,000 people
  • All the workers of state agencies or municipalities
  • A few agricultural employees
  • Employees who are commissioned by the Fair Labor Standards Act
  • The staff of a few educational institutes who are facilitated by their own unit

Should Illinois Work on Increasing the Current Minimum Wage Rate?

The state should respect increasing its hourly rate with time, bearing in mind its current minimum wage rate. Almost 13 states offer a minimum salary of 10 dollars per hour or maybe higher than this. It counts to be approximately equal to Illinois’s minimum wage rate. If this region plans to raise its hourly income for its employees, it can significantly influence the overall economy, lessen the income’s injustice, and create tax returns.

How to Be a Project Manager?

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Every organization needs a proper team to run a smooth business. For this, the coworkers at a single workplace need some guidance to execute the plans perfectly. The task of giving instructions to the teammates with proper guidelines is the responsibility of a manager. He governs the project from the start till the end. The project manager acts as an integral part of a company for delivering qualitative service.

Moreover, they are responsible to report the budget, time, and quality of a certain project to the owner of the company. The owner completely relies upon the manager’s report. So, the competency of the project manager, on the whole, determines the future of a project either it will be successful or not.

Let’s read a proper process through which an aspirant can become a project manager.

1. Educational Degree for Project Manager

A degree in business administration is required to approach a career in project management. The institution teaches students to acquire knowledge gradually. Also, they learn self-development and skills of practicing knowledge. Though it is not a must to have but can be supportive to kick start a career. Also, the project manager does not need to stick to one particular kind of business. All types of business required a project manager for managing staff and projects.

Besides this, there are lots of online courses that are available for all to learn the basics of project management. They also provide a vast amount of knowledge, tips, and ideas related to the field. Degrees associated with project manager ate named as Online Masters Degree in Project Management, Bachelor Of Science Degree In Business Administration, and Master Of Business Administration.

2. Skills Required To Be a Project Manager

A particular degree in this field is not enough to flourish a career. Read this article If you are planning to choose a career in project management, acquire these skills first.

  • For dealing or managing project details, and strategic thinking are essential.
  • The ability to deal with different tasks and powerful command over communication skills are necessary for placing managers in higher ranks.
  • The project manager should be skilled enough to deal with every kind of project, having leadership styles is a plus.
  • They should provide complete information to all the team members and make them sure to apply the given information accurately.
  • One of the other important skills is to distribute the manpower effectively to meet the deadline of the project.
  • They should be spontaneous in giving the solutions for sudden issues.
  • This field mainly requires the ability of the aspirant to get connected with coworkers to execute all projects efficiently.
  • Better communication skill is the basic step to move forward in any field.
  • Must have expert knowledge of business and personnel management.
  • Should have command over guiding workers on the right path.
  • They should know how to manage the limited budget to complete the budget with all requirements.
  • The project manager needs to keep control of the nerves while having pressure from authorities.

3. Look for Learning Opportunities

After getting knowledge from any institute or online platform, next comes the practice zone. Looking for learning opportunities always polishes the skills. Start working by looking at the work of other managers of surrounding networks. They can be a source of learning tactics for professional project management.

Moreover, some companies arrange seminars and training sessions for improving the working quality of their team. It is also the best way to gain knowledge while staying in the position. Apart from this, a person with no experience can get the job of project manager based on certificates and after joining can learn the field gradually.

Project Manager of Different Levels

Project managers after gaining command over skills have a versatile range of options to pick for work. Not only is a single role associated with the project manager. They should have experience in managing different types of projects. After then they are good to work on different categories.

Here are some categories of project management.

I: Management at Coordinating Level

This is the initial step of project management in which the project manager has to work on minor yet basic tasks like arranging the meeting schedules, data collection, and managing deadlines of the projects.

II: Scheduling Of Projects

This step of project management involves tracking the process of the project and informing the owner about the update. The tracking schedule of projects contains the starting date of the project, the middle section, and the date of finalizing.

III: Assisting the Project Manager

Before taking the role of the project manager, it is better to gain experience by assisting the appointed project manager. Keep noticing their commanding attitude and way of dealing with projects. Also, notice the way they execute their plans and ideas.

IV: Leading Role of a Project Manager

A project manager works in the leading role of the organization. They direct the plan, ask for the reports and manage the available budget to complete the project within the given time. Also, they are responsible for ensuring the worth of the project.

V: Then You Become the Senior Manager

After successfully managing all assigned projects on time, they have more chances of getting promotions. The authorities can appoint them on some major projects after viewing the successful record.

Summing Up

This article has penned down all requirements that are must fulfill for becoming a project manager. It is also necessary to keep in notice that job requirements for this field may vary from company to company but the general or basic skills of the project manager remain the same in all organizations.

From getting a proper education in the field of business administration to the time of practice, every step adds worth to career sustainability. Above all, once the aspirants get command over all these steps, they are good to become the project manager.

Moreover, gradually move from step one to the next with strong self-devotion and hard work.

You Should Know: Common Usage of Social Media That Are Wrong

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Early days for startups are tough, so marketers use social media platforms to advertise their presence. It is famous that social media marketing is a big help in the growth of a startup business and a lot of SEO’s are using it to boost their client’s social presence. However, according to experts from an SEO company, when social media is not used correctly, it can damage a start-up.

There is no need to get scared of putting out the business on social media. The key to proper success is making the right steps. Knowing the correct usage of social media platforms will help accelerate a startup’s growth. If the plan is to use social media to increase the business to a different level, here are some common mistakes to avoid.

Not Having a Proper Plan

Every business starts with a proper plan. Social media marketing isn’t just about getting online, creating accounts, and randomly posting stuff about the startup. Keep in mind that before starting to make a name online, there should be a well-thought game plan. 

Any social media efforts need to have strategic plans and a strong foundation. Included in the plan are the goals while using social media and the details of the resources needed.

Always stay in touch and have real-time updates from the sales and marketing teams. Both teams should be able to identify the demographics of the startup’s target market. If asking for real-time updates, always make sure to discuss any plans to connect and engage with the audience. 

Habitually write down the objectives of using social media for marketing. Have a clear target to increase the traditional marketing plan with the use of social media campaigns. Lastly, hire someone who will focus on implementing the action to all social media marketing plans. 

Not Being Fully Committed to the Plan

Any plans will be useless if the business isn’t committed. Doing a half-hearted job on committing to the plans will ruin the business. If not committed to the marketing plan, the social media accounts may all be inactive which can cause a bad impression. 

Every marketer should know that it’s better not to have any Twitter account than to have the last tweet dated six months ago.

Keep in mind that social media marketing is not a simple game, but think of it as a competition rather. The results may take too long. However, marketers can try enhancing performance by analyzing metrics, trying to track any competitors, and understanding audience behaviors. 

Keep the fire burning, while focusing on the strategies and exerting enough effort, the social media marketing plan can work.

You Don’t Have a Fixed Social Media Marketing Budget

Just like any normal budget planning, a marketer must work on a detailed social media marketing plan. Budget plans will be a good navigating map for the marketing budget.

For instance, if the business is planning to expand and launch a blog around the second quarter. The marketing plan should consider the budget and time needed to create and build the blog.

Going All-In With the Social Media Platforms

It is unsurprising when a starting company is eager to get its name out to reach a larger audience. So, they think that opening accounts on famous social networking sites like Facebook, Twitter, Instagram, and LinkedIn are the best idea.

But, going all-in is one of the most common marketing mistakes.

Every marketer must be aware that managing a social media account is not an easy task. It requires time to adapt and keep up with one site alone. Say, for example, trying to juggle a single person’s time to maintain seven different social media sites at once is already an almost impossible task. 

They can never fully use the site’s potential if they try to use such a tactic. So, to successfully use social media, choosing one or two platforms is a smart idea. Then if the company grows, the company can hire more people to handle any additional accounts.

Not Responding to Comments 

Companies sometimes forget that social media involves being sociable. So when a customer tries to reach the company through a comment, the company must immediately respond thoughtfully. If the company fails to answer inquiries from people, the company may die. People will label the company as a business that is only interested in self-promotion which is a mortal sin for social media marketing.

Haven’t Fully Embraced Less is More

Though the main purpose of using social media marketing is to gather attention to a service or product, if a social media page doesn’t update regularly, people might not even bother to bat an eye at it for more than a minute.

Besides avoiding posting less, one must also control the posting. If the company makes it to the point of tweeting every 20 minutes or flood posting pictures, the purpose of the social media will mix up with the clutter.

Knowing the balance and some strategic thinking will be a big help. Always think of a definite time on when to update. Make it a routine to stick to schedules so that the audience will know the possible update.

Takeaway

Social media marketing is an excellent way to promote a business. However, it is crucial for the company to make a mistake when using it. The same as having a great impact on success, social media marketing also has a significant impact on destruction.

Learning the do’s and don’ts will take time, but the time you spend learning will be a great help to avoid mistakes.

Top Phoenix Arizona Business Law Firm Insights On Business Taxes

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Starting up a business in Arizona is very hard. You have to think about where you should put up a business, what to sell, study your target customers, where to get supplies, have a business insurance and most importantly – have your business registered and legally compliant. 

Here’s a brief overview of things you have to consider when you are planning to put up a company in Phoenix, Arizona:

  1. Identify your business niche – what to sell and whom to sell your products.
  2. Proper business planning – if you’ll have a physical store or remote office.
  3. Forming your business- hiring employees.
  4. Register your business for tax and other state fees and requirements.
  5. Work on your business finances and resources like bank and credit accounts, work on loans if necessary.
  6. Make sure you have a solid legal defense and accounting team.
  7. Obtain necessary permits and licenses.
  8. Work on your business incurance.

Having business insurance is excellent for starters. The first thing you should have for your checklist is public liability insurance. It will protect you and your business when something happens.  Another thing is to make sure you hire a lawyer from a top Phoenix Arizona business law firm that will help you review upcoming business contracts. Business lawyers can help your business with tax issues and prevent fines and penalties in the future to make sure your company is smooth sailing and the only thing you’ll have to worry about is how to drive more sales.

Pay attention with Taxes

Improper filing of taxes can cause a significant financial loss, especially for first-timers. This is because they have had high tendencies in committing mistakes since they are unfamiliar with the process, and in return,  become a waste of time. However, the filing of taxes and tax returns happens every year at one particular period, wasting time making mistakes will only cause financial losses due to penalties for late filing.

First timers are prone to making mistakes, and this is the very reason why one should hire lawyers from top Phoenix Arizona business law firms, an expert in the field to help out. Most of the time, first-timers overpay or sometimes underpay and which either way causes penalty and financial loss. Also, they miss out on a couple of requirements many times. Moreover, they tend to put the wrong information in the wrong space provided.

To help you further understand the practicality of hiring a business lawyer for your taxes, let us present some explanations as to why and how it helps you financially and in conserving your time.

Stop Wasting Time

Doing something for the first time without prior knowledge or a deep understanding of it is a total waste of time. For first-timers who have a high tendency of committing mistakes, this is usually one of the cases. Hiring an expert will save you from the trouble of searching for how many hours on how to do it. Also as a busy person, you can use this free time to improve your skills or your business.

Prevent Late Payments

Making sure you pass the documents on time is one way to do it cheaply and save on some money. As stated earlier, the late filing will cause one to receive a penalty. As said above, you can spend hours trying to find out how to do things properly only to come out in the end as a fruitless effort. The expert you hire will help to ensure that you don’t miss the deadline.

Avoid Getting Sent Back Many Times

Common Mistakes that a first timer does are usually on the part that you need to put the proper information on the space provided. Also, another common mistake is when you miss out on a couple of things thus making the document less convincing to be accepted. This results from getting sent back many times.

Ensure the Right Amount of Tax is Paid

Many people might even argue that underpaying is advantageous to us since we are paying less. This is entirely not true because whether it is overpaying or underpaying, both have harmful effects on us financially. Moreover, when someone is caught underpaying their tax, they will have to face the consequences.

Conclusion

Many might say that hiring a business lawyer is just an added expense. But if you think about the many benefits it can offer, you might be saving more money than not hiring one. Always remember those reasons mentioned above if you want to have a worry-free tax preparation and filing.

What are the ways HR managers use to Motivate Employees

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Not happy with the performance of some of your employees? When you have provided them with all the possible resources, what can be the reason behind this?

Human Resource managers are responsible for keeping the environment of the workplace positive and committed. Any difficulty faced by the employees directly affects their performance level which automatically results in low output.

In a situation where all other incentives have gone in vain, HR managers are supposed to take measures to boost the motivation level of the employees. This isn’t the only reason for HRM Department.

Here I would mention some of the ways through which HR managers help the employees to increase their motivation level.

No Communication Barriers

Employees feel motivated when they are able to approach and discuss different matters with their manager without any fear. HR managers are supposed to keep the relationship with their employees in a way that there is no communication barrier or gap among them.

A friendly approach from the manager’s side helps the employees to discuss all their official as well as personal issues. There are many stress simulators in the workplace. Employees should know that their manager is always there to help them and cope with the problems they are facing.

This feeling of support gives them the motivation to work with more commitment and loyalty towards the organization.

Give the Sense of Trustworthiness

HR managers should show their employees that they are trustworthy to bring out the best performance from them. This can be done by delegating tasks and letting them make their own decisions related to the assigned project.

When the employees know that their manager is having faith in them they would give more than their best to achieve the target.

Give Rewards on Time

At every aspect of life, whether it is about academic years, professional life or personal, individuals need appreciation. To keep the motivation level of employees higher, managers should never let the employees’ efforts go unnoticed. It is a psychological reason connecting Psychology with HR.

Just a pat on the back works wonders in some situations. The gesture of acknowledging employees’ hard work and giving them an appropriate reward at the right time is highly appreciated.

Provide Them all the Required Resources

The HR manager has to make sure that employees are provided with all the resources to do their job. It makes them feel better and more productive.

Arranging workshops, training sessions, work-related seminars are some of the tools which help prepare employees to perform their tasks well.

Motivate Each Employee Separately

Having a direct approach to every employee increases their level of confidence. A motivational speech given in the team or recognizing a team’s effort is good, but it is more valuable if the manager reaches every employee in person; to help, motivate, support, appreciate and listen to their issues.

The manager should ask about their likes and dislikes at the workplace and take out the best possible way to satisfy them by answering their questions and sharing the big picture of the company goals.

Focus on the Balance between Professional and Personal Life

Many organizations run behind achieving the targets without being concerned about the time it is demanding from their employees. Overtime, late sittings, work on holidays are the factors which badly affect employees’ personal life.

The HR managers should focus on balancing such situations by giving extra holidays (based on performance). Flexible working hours would be a plus as far as the employees are completing their tasks on time.

Such initiatives would ultimately increase productivity as a relaxed mind work with more commitment rather than a stressed one.

Create Ways for Employees Career Growth

Most employees switch jobs when they get the opportunity to grow and work in a higher position. The HR manager has to create ways through which he can help the employees in their career growth. He can schedule additional training sessions or courses, provide opportunities to learn new and advanced skills that would help them grow.

It is the responsibility of the manager to keep an eye on the capabilities of employees, help them use all their potentials, and give them the ideal role within the organization. This way, it would not only keep your employees loyal to the company, but they would be more engaged and motivated to work harder.

Motivating employees is not a piece of cake, but HR managers have to take measures to keep a healthy environment in the organization. It is beneficial for both the organization and the employees.

Any organization which is working with unhappy employees would eventually decline. Thus keep the employees happy to get the best output from them for the success of your organization.

Author Bio: Iman Khan is Human Resource Qualified and working as a manager. Know more about her on Facebook.

How to make an extra $1000 a month

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Are you a full-time jobber? Do you spend 8 to 9 hours on work? But couldn’t get as much as income you want and you see that your needs are not getting fulfilled.  And you want to make an extra $1000 a month just to fulfill your needs.

Apart from home and transport expenses, there are other expenses. If you are married and have children so there must be their school expenses. And if you are single and a student then you must need extra money to spend in university or college.

There are a lot of people who do part jobs to make extra income to fulfill their needs. It’s not necessary to work outside. You can also do a job at home. For this, you just need to be skillful.

By making an extra $1000 a month you can prevent yourself from falling into debt. There are several ways to make extra money. Here I’ll tell some easy and helpful ways to make extra income at home and both outside.

These ways are given below

Many different ways will provide you many different opportunities to make extra income. By getting these opportunities you can make more than 1000 dollars a month. Actually, You can make as much as you can.

Graphic Designing

Graphic design is one of the best ways to increase income. If you are artistic and have knowledge about computer work then it is the best pathway to work.

If you have done a graphic design course then it is good but if you don’t know about it then first do a course. And after it makes a proper plan and starts working to fulfill your dreams.

Nowadays there are several places to advertise your skills. Different websites include:

  • https://www.fiverr.com/
  • https://www.upwork.com/
  • https://www.freelance.com/
  • https://99designs.com/
  • https://www.peopleperhour.com/

These websites offer great opportunities to people for making money.

Freelancing-article writing

If you think you are good at writing and can write the best. Then article writing is the best option to make an online income. Many bloggers and website owners search for a good writer. You can learn writing with this guide and work with them.

For advertising your skills, websites which I mentioned above are best. Signup with your email and make a profile on these websites and you can find suitable work for yourself.

For article writing, there are some writing techniques that you must learn. You can watch different videos on YouTube about article writing. You can learn a proper course from a professional writer. He/she will guide you well.

A normal writer can get $82 for an article but an experienced writer can get $180 for an article depending upon length and subject matter. Just writing two articles a week you can make $1200 a month.

You can work with more than one client. For this, you need to be an experienced and professional writer. It will depend on you your writing skills that how much better you can write an article.

Affiliate Marketing

Affiliate marketing is very popular and a great way of making extra money. If you have a blog and large social media influence then affiliate marketing is a great way to make extra cash.

Affiliate marketing is such a process in which you get a commission from companies on promoting their products. For this, contact any company and offer them your service. As an affiliate, you will be provided with a unique link so they can check who is working with that link and with whose link products are getting promoted.

Amazon is the world’s most ranking company which provides affiliate marketing. You can work with many companies and get a commission from all of them.

Selling Handmade Goods

One more great way to make money is by selling handmade products. God has blessed every person with different skills. Every person has different skills. And if you don’t show your skill your talent then it is useless. It’s time to show your skills and make money.

Here I shall tell you about a website where handmade goods are sell. The link is given below:

  • https://www.etsy.com/

Esty is an online marketplace where you can sell your handmade products like:

  • Knit
  • Pottery
  • Craft jewelry
  • Painting
  • Cooking

You can sell different products in which you are excellent and make an income of your choice. If your product is fine and excellent you can set up a price of your own choice.

Investing Money

Investing money is very helpful in making extra income. If you do a full-time job and get a suitable salary but you want to make extra income for other needs. For this purpose, you have to save 20% of your salary and invest it and it will be returned to you with double and triple profit.

There are many different companies in which you can invest but real estate and stock markets are best for investing. You can invest according to your income.

Food Delivery

Nowadays everything has possible to some extent. There are different apps for everything. People can shop at home. They even don’t need to step out of their houses. They can have everything sitting at home which they want.

Like online shopping, many food companies offer apps for online food ordering. You just have to order a portion of food through the app and your ordered food will be at home within one or half an hour.

You can work with one of those companies for food delivery. You will pick up to-go orders and deliver them to the destination. Sometimes you may be ordered to do some grocery shopping.

Tutoring

Tutoring is a very honorable profession in society. Many parents can do anything to help their children succeed. If their child is weak in studies and struggling even a little bit in school. For this, they need an experienced teacher to teach their children.

They search for a home tutor who can teach their below-average students to make an average student. They hire a tutor, and you could be that tutor easily.

You can also start tutoring as a part-time job. You can take just 1 hour for a single subject. Fix a salary according to your choice and according to your effort. Through tutoring, you can make extra income easily. To maximize your earnings you can be a freelance tutor but you can also earn decent money by working for a tutoring company.

The other coaching way is to take a course and sell on http://udemy.com.

Web Development

Every business wants to increase its sales volume. They need someone to make their websites and popularize them as well. So, web development is a great opportunity for anyone. But what if you don’t know about the website? For this simply you need to take a guide or full paid course. Watch web development tutorials, will help you to improve your skill to have a beautiful, functional website.

Web development is worth increasing. You can easily make an extra $1000 or more than $1000 a month. Here I will recommend you some resources to learn web development quickly:

  • https://www.skillshare.com/

Here you can learn about web development. All classes are taught by experts and you will learn quickly if you have zero knowledge.

  • https://teamtreehouse.com/

Treehouse is a website to teach about web development. They teach you how to code and provide a large library for web development courses.

Babysitting

Many people who can’t pay full attention to their little kids need a responsible adult to watch them. You can make good money by doing this job.

You can easily charge $20 per hour which means you just need to work an extra 12.5 hours per week and can reach about $1000 a month.

There may be many others but these are the easiest ways of making extra bucks. I hope these ways will be helpful for you to fulfill your desires. So don’t wait and just start and fulfill your severy type of needs.

Role of Textile Industry in Pakistani Economy

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Textile is a term that comes from “texture” which means “to weave”. The textile industries have special importance in the national economy of developing countries. By keeping the creative activities of the manufacturing process in their own terms, the developing countries in Europe have restricted their textile industries and are also transferring their production facilities to other less developed countries.

Basically, textile products are the requirement of human beings and have great importance in the economic and social terms of any developing country. In short term, it provides incomes, jobs, especially for women and foreign currency recipients. While in long term, it provides the opportunity for sustained economic development in those countries with appropriate policies.

The textile industry is one of the largest, oldest, and most global industries in the world. It has effects on government policies as well as on the investors and institutions in developing countries that grow on this investment. It has major participation in employments and exports of a country.

Economic Aspects

The textile industries are very important in terms of trade and employment for a lot of countries. It has provided some significant economic changes in several countries and is also providing opportunities for export diversification and expansion of manufactured exports for low-income countries. So that they can make full use of their labor cost advantages and fill the emerging niches and meet buyer’s demands.

  • The textile industries have major effect on the economic development of any country.
  • The textile industries are a major source in contributing to money or incomes for selected countries.
  • The contribution of textile production in GDP is different in different countries. It is up to 32% in Sri Lanka, 40% in Cambodia and 8.5% in Pakistan.
  • The textile industries are a dominant sources of export.They are also a source of foreign exchange in several countries.
  • Developing and low-income countries such as Cambodia, Bangladesh, Pakistan and Sri Lanka depend on Textile exports for more than 50% of total manufacturing export.
  • Textile has also a significant effect on employment. Employment in textile production for less developed and low-income countries share a total of 35% in selected low-income countries, 75% in Bangladesh and 90% in other selected LDCs.

Effects of Textile Industry on Pakistan’s Economy

Pakistan’s economy relies heavily on its cotton and textile sector. The cotton processing and textile industries make up half of the country’s manufacturing base. Cotton is Pakistan’s principal industrial crop that is supplying crucial income to rural households.

The Pakistani textile manufacturers are very optimistic in nature and want to increase the international share, and they have the target to increase the exports to around 10$ billion US dollars.

The Pakistani textile manufacturers claim that textile products such as yarn, fabrics, cloth, and bed linen are the most competitive items in the world, the quality of these products is very fine compare with any other developed country. These items have a major share in our overall textile exports.

They claim that the leading textile producers and the exporters of the world like China, Germany, Bangladesh, and Sri Lanka import these products from Pakistan and convert them into high fashion items, and export these to the world. Pakistan has a major role in supplying raw materials to these countries.

There is a huge investment in Pakistan’s textile industry; this investment helped to develop the textile sector. Investment in the textile sector is divided into different segments of the industry. A sufficient percentage of the workforce of Pakistan is employed in the textile and clothing industries.

Spinning has made 46% of the total investment; the weaving sector has made 24%. Textile processing has made 12%, made-up 8%, knitwear and garments 5%, and 5% invest in the synthetic textile sector.

Conclusion

The need is to make beneficial changes for the development. The people should be more educated about this industry and its effects on other industries. There should be aware of the drastic changes it can make in the economy. In this way, people will be more involved in textile production.

Energy cost is the main and major issue in developing countries like Pakistan. They should start researching on developing a reliable source of energy. Only then the textile industry would be able to provide benefits like other developed countries.

American Express Gold Rewards Card Review

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Every lifestyle can avail offers by American Express (AmEx) rewards cards. American Express offers outstanding customer service and benefits all around the world. Every card offers a list of fringe benefits designed according to the needs of different individuals. For instance, for luxurious travel, AmEx offers gold reward cards parallel to a list of other benefits.

But simultaneously, AmEx credit cards and charge cards aren’t for everyone. For opening AmEx account, customer needs good or excellent credit to get the AmEx card. Rewards Gold Card from AmEx can be the best choice for travel redemption.

Membership Rewards Points

Most travel rewards credit cards earn points or miles, but the Premier Rewards Gold Card by AmEx earns a specific kind of currency I.e., Membership Rewards Points

  • New Card Usage: Membership Rewards points can be saved for flights without any blackout dates and seating restraints. And, if a customer wants, he can transfer rewards to many different airline programs, and hotel chains especially four. The card also offers a big vantage I.e., after using $2,000 on a new card within the first three months, the customer will earn 25,000 Membership Rewards Points (MRP).
  • Daily Purchases: The Premier Rewards Gold Card from American Express makes it easy to win Membership Rewards points with daily purchases of the customer. He can earn 3 points/$1 spent on airfare purchases made directly from airlines; 2 points/$1 spent for purchases at US restaurants, US gas stations and US supermarkets, and 1 point/$1 spent on other purchases.

No Annual Fee for First-Year

The AmEx Premier Rewards Gold Card comes with a $195 annual fee. The annual fee is waived for the first year, so any value a customer receives the first year (including MRP) is automatically an edge point. But the $195 fee will be charged at the first annual rejuvenation.

Amex Premier Rewards Gold Card a Charge Card

A credit card needs to carry over a statement balance from one month to the next, the Premier Rewards Gold Card is a charge card. A customer needs to pay off the balance after every month period.

Traveling Benefits through Premier Rewards Gold Card

Airline Fee Credit: Credit of up to $100 per year for airline fees. After selecting an airline a cardholder can claim the credit worth $100 either online or by calling the number behind the card.

Car Rental Insurance: Individual can use premier rewards gold card from American Express to reserve and pay car rents, and be safe if the car is damaged or stole.

Lowest Hotel Rates: Booking hotels with American express, cardholders will find the room with lower fares.

Foreign Transaction Fees: The AmEx premier rewards gold card does not charge a foreign transaction fee. Generally, foreign transaction fee is 3% of the total purchase amount made outside the U.S.

Baggage Insurance: When an individual purchase tickets of plane, ship, bus, or train with Premier Rewards Gold Card from American Express, Insurance coverage is provided for up to $1,250 for carry-on baggage and $500 for restrained baggage.

Global Assistance Helpline: Cardholders can have access to 24/7 legal, medical, emergency, or financial assistance services when touring more than 100 miles.

Everyday Benefits through Premier Rewards Gold Card

Emergency Services: Roadside assistance like replacing a puncture tire, getting a push or pull, a dead battery replacement and all others are at a phone call. Either the consumer is at home or traveling, he can access to 24/7 assistance due to this credit card at no cost.

AmEx Preferred Seats: Cardholder can receive access to premium seats at cultural and sporting events.

Entertainment Access: Card members can have exclusive offers and advance notices for shows, concerts, and sporting events near him.

Shopping Benefits Through Premier Rewards Gold Card

American Express Offers: Most of the American Express cardholder don’t know about Amex Offers on shopping. Amex Offers can save hundreds of dollars a year or more of card holder. Amex Offers are quite profitable.

American Express Auto Purchasing Program: Similar to above offers, many cardholders don’t know about it too. This program can save plenty and give peace of mind when he is shopping for a vehicle.

Protected Purchase: Selected purchases can be protected when stolen, lost or incidentally damaged. This service provides coverage for selected items within the past 90 days.

Comparison between American Express Premier Rewards Gold Card and American Express Gold Card

Following are the limited comparisons between the two gold cards of American Express to aware these card holders, so that they can have full fringe benefits.

BenefitsAmerican Express Premier Rewards Gold CardAmerican Express Gold Card
Travel Benefits3P/$1 spent on flights

 

No airport lounge membership

8 visits (free) per year to the domestic lounges

 

Discounts on Hertz and Avis car rentals

Annual FeeNo fee for 1st year

 

$195 from 2nd year

No fee for 1st year

 

$160 from 2nd year

Hotel Privilege2 nights stay receive up to US$75 in hotel credit.

 

Room upgrades.

Wi-Fi

400 participating hotels in over 30 world-wide countries.

 

2 nights or more stay receive up to US$75 in hotel credit.

Room upgrades.

Wi-Fi

Introductory offer on MRPCard holder earns 25,000 MRP on new card.

 

$2,000 on purchases within the first 3 months.

–
Lifestyle Rewards2P/$1 for supermarkets, gas stations and restaurants.

 

1P/$1 on everything else.

Spend $3500 get a voucher of $100
Roadside AssistanceOffers full roadside assistance–
Auto Purchase ProgramOffered–
Emergency ServicesOffered–
Credit Score Requirement700 to 750720 to 750

Conclusion

American Express Premium Rewards Card is one of the worth considering cards. This Gold Card offers a pleasant proportion between travel benefits and earning rewards. It offers 3P/ $1 for flights, 2P/ $1 at US restaurants, US gas stations, and at US supermarkets; and 1P/ $1 on other purchases. It has $195 annual fee. According to the analyst, this card is an outstanding selection for credit card holders  who wish to earn points and especially useful for those who travel frequently.