Economics Business Mathematics

How To Maintain Work-Life Balance As a Startup Founder

Posted on

1. Saying no

I’ve recently understood the power of a simple ‘no’, and drawing boundaries. Relationships formulated on trust and mutual understanding are the ones that take you forward. It is important to remind yourself of why you’re doing a certain job, or why you’d take on a certain client assignment. It needs to add value and not drain you out. There are times where you may choose to say no. Relationships that are trustworthy and strong will not get tarnished by this. Talking to another entrepreneur today, she said simply, “I can’t work with people that I don’t like”.

While this person has been in business for a while, and not every Startup founder can say that (especially when it’s a B2C business), it made me think. We spend a lot of energy trying to convince people of our ideas at times. Sometimes, it is indeed better to stay within the niches where people love our work and collaborate in a way that helps us stay more creative. Although this might sound like HR metric manipulation, it’s important to stay true to ourselves and say ‘no’ where we feel our ideas will get compromised in ways that we don’t like. After all, I thought, even when I am a founder and taking the big risk, why do I need the experiences of the usual 9-5 job where I can’t control it? I am a “yay-sayer”, but every now and then, saying ‘no’ is a good step to keep up my sanity. Here are some other things to help keep your sanity:

How To Maintain Work-Life Balance As a Startup Founder_worldwifeindo

2. Walking in the forest

Shinrin-Yoku is a Japanese technique meaning forest bathing. Walking through nature clears up your head, relaxes you and makes you feel creative. Having done this for a 30 odd day period as a habit forming project, I can say this works. When I am dead tired or can’t think of anything creative, I go for a walk in the forest behind my house. And just walk till my legs feel the pressure. It’s a different me that comes back to the work-desk. There are plenty of such exercises to stay more energized and creative, and it’s been proven often that physical activity makes a huge difference to our lifestyles. Whether you go for a run, or a short walk, the point is to remain consistent and stick with something.

3. Keeping the phone away

My friend, and a startup CEO, told me this: “in a Startup, you are almost working 24/7. It’s hard to balance so many things with personal life. I love spending time with nature and without my phone at least for a couple of hours per week. I have learned that not carrying a phone in your free or personal time is always so much better. Otherwise you end up working and looking up different things about your work. Simple but an extremely valuable trick.”

I admit that I struggle with this one. Most times even while walking I carry READ MORE

Mathematics in Marketing

Health Insurance Covers Offered by Oriental Insurance

Posted on

Health Insurance Covers Offered by Oriental Insurance

Health Insurance covers the expenses related to hospitalization and medical expenses. When the coverages are cashless, the insurance plans make your life affordable. Oriental Health Insurance offers all the benefits through its insurance plan anyone would ever want. The plans offer coverage according to the type of plan chosen and premiums paid for the same.

All the Oriental Health insurance plans provide standard coverages. Some of the coverages are listed below.

  • The Health insurance plans cover In-patient hospitalization expenses such as room rent, boarding, and nursing, ICU charges, Surgery related charges, medical practitioner’s fee, medicines etc.
  • Provides coverages for Pre-hospitalization expenses incurred 30 days pre-hospitalization.
  • All the expenses within 60 days of the post Hospitalization.
  • Provides you daily cash benefits for the sum assured.
  • Covers a limited domiciliary treatment expenses based on the plan chosen.
  • As listed in the policy plan, Daycare treatment or procedures are covered.
  • The plans also cover surgical expenses incurred.
  • Comprehensive coverage such as Maternity Cover, Newborn baby cover.
  • As specified under the policy chosen, convalescence Benefit is paid to the insurer.

The coverages offered to vary according to different plans. However, most of the plans offer the above coverages. There are several health insurance plans online offered by the oriental insurance company.

The health insurance plans are eligible for expenses such as expenses related to the surgeon, Anesthetist, Medical practitioner, consultations, purchase of anesthesia, blood, oxygen, Operation theatre charges, surgical appliances, medicines, drugs, expenses related to chemotherapy, radiotherapy, artificial limbs. It also covers surgical procedure like a pacemaker, laboratory/diagnostic tests, X-Rays etc.

There are exclusions in the health insurance policies such as claims for the accidents caused by dangerous sports activities, medical expenses for the treatment of obesity, sex change, genetic disorders,

Stem cell implantations, surgeries etc. It also does not cover ailments for Psychiatric, Psychosomatic disorders, hysterectomy, benign hypertrophy, hernia, root canal analysis etc.

Before buying any health insurance plan, you must consider all the inclusions and exclusions.

Hospital Covers Offered by Oriental Insurance

There are several coverages offered from the Oriental health insurance. Majority of the coverages are covered in the hospitals.  Oriental Health Insurance plan offers cashless treatment in the network of hospitals. The hospital coverages include pre and post hospitalization expenses, ambulance expenses, the medical practitioner’s cost, prescribed medical expenses. Surgery-related expenses, critical illness treatment expenses, room rent expenses, Daycare treatments, Organ donor related expenses, Comically related expenses, maternity and baby delivery-related expenses.

Features of Health Covers from Oriental Insurance

Oriental insurance is different plans are different from other health insurance plans based on the unique features it offers. There are some unique and critical features offered by the insurance plans.

  • Co-Pay – In case of the health emergency, the insurer will claim the expense amount. The Insurer has to pay 10% of the co-payment of the claim amount.
  • Life Long renewable – Plans are available for lifetime renewal and you can renew the plans online.
  • Pre-existing diseases – Health Insurance plans generally do not provide coverage for the pre-existing diseases.
READ MORE
Economics Business Mathematics

Payroll Compliance and What It Means for Your Business

Posted on

One of the biggest headaches of any HR department is payroll. It is the place where companies are the most likely to have compliance violations from taxation issues to pay cycles and overtime. Being savvy in this area is vital to business success.

Here are some of the areas of payroll compliance and what they mean.

Pay Cycles

There are several intervals for pay cycles, and each company uses a different one based on their needs and desires. The less frequently you have to process payroll, the easier it is. However, monthly payroll is extremely unpopular with employees and less than 11% of American companies opt for this option.

Payroll Compliance and What It Means for Your BusinessThe majority of companies choose a bi-weekly pay cycle option. This is the easiest to figure, although in some months employees get three paydays instead of two. Bi-monthly pay cycles such as on the 1st and 14th are also popular, but it is a little harder to stay in compliance with overtime rules, and sometimes holidays and weekends will mess with the cycle. The best policy in this case is to pay employees on the day before the weekend or holiday, but sometimes this can make it challenging for employees to schedule bill pay and automatic payments.

Whichever pay cycle you choose, the key is to stick with it and meet your payroll deadlines on time. This way, you keep your employees happy, and avoid penalties from the IRS.

Federal and State Taxes

This is the most common area where employers get in trouble, although the guidelines are pretty simple and there are automated programs and outsourcing options that make this easier. Still, it is important to double check the numbers and make sure taxes are in compliance.

These taxes not only relate to the employee checks, but to what the employer owes for their portion as well. Federal taxes essentially consist of these parts.

tax These are the taxes that the employer typically pays a portion of. There are simple tax calculators and apps to make sure these amounts are correct for each employee. The employee chooses their own withholding, which we will talk about in a few moments.

The Local Share

Unfortunately for the sake of both businesses and employees, the Federal system is not the only government entity who want a slice of the financial pie. The state also wants their share, and so do locals like city and even county governments from time to time. The key is to know your local regulations and fall into compliance with them.

Forms

For everything payroll, there is a form of some sort, and you need to have all of the appropriate ones on file, and file some in a timely manner with the IRS to avoid penalties and regulation violations. Here are some of the forms every business should know about.

  • 941: This form is an employer’s quarterly tax return form, and most companies who have
READ MORE
Outsourcing Business Calculations

The Benefits of a Compensation Consultant

Posted on

Compensation Consultant are experts in the implementations of and design of compensation plans. Their goal is to create the proper incentives for employees. They keep up with wage trends and the proper wage for job categories. Any Compensation consulting services include: Executive compensation design, Salary Structure, Performance Management Programs, Non-profit compensation and Board of directors compensations. They also offer bonus plans, incentive plans, and sales plans. They also focus on Job evaluations and company policies. 

The Benefits of a Compensation Consultant

Some reasons that business might find it a good idea to hire a compensation consultant could be for a limited time, experience, benefit, or availability. Consultants can look into issues and find resolutions by your deadline without being distracted with other job duties. Many consultants have the much needed experience in order to analyze the information needed to give a proper solution to your need of compensation design. Due to many business failures to work through their compensation battles it is a great benefit to hire a compensation consultant. 

In order to become a Compensation consultant, you need to obtain a Bachelors Degree in Human Resources, Business Administration, finance or communication. Many Jobs require that you have experience in Compensation Analysis, Benefits Administration, or Human Resources. It is best to obtain as many certificates that you can because it shows jobs that you are well qualified. Being certified is not a must ,and many jobs will allow you to earn certification as you work being that you have to work several years to be eligible. 

Compensation consultants have many important roles and can benefit your organization in areas that many businesses have failed at when trying to complete the task themselves. Consultants can help with organizing compensation designs, completing job duties without distractions by deadlines, share their expertise and are always available if needed. Consultants are able to find resolutions to problems that are compensation issues in the organization. 


Another thing that Consultants can help with is executive assessments to identify both strengths and weaknesses for individual senior managers. Then there will be a plan created to help strengthen the senior managers weaknesses within the organization. This will help increase the effectiveness of senior managers in order for their organization to become more sturdy. Compensation Consultants want to make sure that that organizations are paying competitively and staying up to date with other competition trends. 
There are many goals for Compensation Consultants such as designing a compensation plan, creating proper incentives for employees, and keep up with wage trends and the proper wages for job categories. Also, they share their expertise in Executive compensation design, Salary Structure, Performance Management Programs, Non-profit compensation and Board of directors compensations. They also offer bonus plans, incentive plans, and sales plans. They also focus on Job evaluations and company policies. Compensation consultants are looking forward to helping you keep up with the competition and pay competitively. They are always available and are able to take on more than one project at a time to show their expertise and help … READ MORE

Mathematics in Marketing

Behind Successful Campaigns Is Mathematics On An Industrial Scale

Posted on

Mlm, or network promoting, is nonetheless one of the most effective small business possibilities readily available, hands down. We provide specially tailored study programmes to prepare students for degree level study, specialising in assisting mature learners return to education and preparing EU and international students who are unable to study to a adequate level in their own country for direct entry.

You will discover how mathematics is utilized in the advertising sector. Making advertising supplies to fit a wide variety of channel wants, including but not limited to social media, on the web advertising, and sales representative distribution.

Yesterday, Social Media Explorer in partnership with Precise Target published The Mathematics of Social Advertising , a cost-free white-paper obtainable over at the ET website. Early on in the survey, she added segments on social media and advertising and marketing analytics that have captured vital spending benchmarks, plus the organizational context for such activities.

The numbers show that most firms are not fully leveraging, or even understanding, the planet of social media promoting and social business. Savvy marketers use MediaMath’s technologies, fueled by sophisticated algorithms and proprietary information, to power meaningful conversations across the digital touchpoints that matter.

If you obtain our believed pieces on brand strategy and brand management insightful and would like a deeper understanding for yourself, your advertising and marketing teams or leadership teams we can develop a tailored understanding engagement for you. The Institute of Analytics Specialists of Australia (IAPA) Capabilities and Salary Survey 2014 revealed data scientists operating in social media earned an typical of $190,000 a year.

Information scientists, primarily data analysts with business enterprise know-how, are in such high demand and low provide in the new era of big information that they are earning pretty much three times Australia’s average salary. They can draw on new sources of data, such as what persons are saying about the enterprise on social media.

That is vital to the new math-and-magic advertising and marketing due to the fact it enables marketers to not just build seamless, personalized experiences but also to do what digital-native companies have always completed: test, understand, adapt and test again.

Now we have a generation that’s mastering about maths and advertising and marketing side by side, and it will be fascinating to see where this emerging knowledge will take adventurous brands. Partners in this function are the American Advertising and marketing Association, the Fuqua School of Small business at Duke University and McKinsey.… READ MORE