3 Reasons Why Temp Workers May Cost Your Business More

The implicit assumption when it comes to hiring temporary employees or consultants is that it will save your business money. After all, with these temp workers, you don’t have to worry about an attractive benefits package, a competitive salary, nor a drawn out hiring process. They come, they do their job, and they leave.

 

But the truth is that bringing in short-term or seasonal employees may actually be more expensive then you think. There are several, often hidden costs associated with using temporary workers.

Below are three reasons why temporary employees may end up costing your business more:

1. Higher wages. In many cases, the wage you will pay your temporary help will be higher than the regular benchmark amount for the full-time position. This premium on the services rendered is especially relevant if you use a temporary employment agency which must cover its administrative and human resource costs, such as aptitude testing, reference checking, and absorbing workman’s comp insurance payments.

2. The


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Your Take: Is Your Recession Over?

The National Bureau of Economic Research issued a report earlier this week in which they said the economic recession, that started in December 2007, ended in June 2009, 18 months later. It was the longest recession since World War 2 (1973-1975 and 1981-1982, both 16 months) and that any new economic downturn would be a new recession. The report is a little dry, heck the summary is like a walk in the Sahara, and makes for good headlines, but ultimately a recession is defined by people, not numbers (numbers lie!).

With so many houses underwater, nearly 10% unemployment, and all the other “signs” of a recession, I want to know what you think. Do you think we’re out of the recession?

We may be out of the technical definition of a recession but it’ll be quite some time before we return to the happy days of three or four years ago. With it being football season and all, I think a most appropriate analogy is when a kicker outkicks his coverage. Our economy, fueled by banking and financial chicanery (which we were all complicit in, you can’t blame the drug dealer for getting addicted), grew far too fast to be healthy, our home prices grew far too fast for our incomes, and now we have to pay the price with a little weakness for some time for things to recover. It’s like


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What NOT to do when applying for a Loan Modification

The number one complaints from servicing loan modification companies like American Home Mortgage, EMC, Chase, Bank of America, and Wells Fargo is incomplete submissions!  It is a processors worst nightmare!  Truly speaking from experience here folks…. Not only does it bog down the system and wastes a lot of people’s time, in the end it could mean the difference on getting help or not!! YIKES!!!

After all folks we are talking about your home, aren’t we?  This is where you have made your memories, where your kids have grown up etc. This is a serious epidemic in our country.  By all means be proactive!!! If you know you are going to fall behind reach out and call your servicer and or lender and let them know.

A good tip is to write down the questions you want to ask your lender/servicer before you call them.

Below are a few tips to help you reach your goal of getting a successful loan modification and preventing and or stopping any foreclosure proceedings!

1). Update your financial information only once NOT multiple times this is a red flag!!

2). Do not su


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How to Get the Most Out of Your Temporary Workers

Whenever the workload increases, a key employee has taken a leave of absence, or additional skills and expertise are required to complete a specific task, bringing in temporary employees can quickly become a standard practice for businesses big and small. But the mere presence of an extra pair of hands or someone with a fresh outlook, skill, or knowledge, does not ensure that the task at hand is getting done efficiently.

 

In order to get the most out of your temporary workers you have to put a bit of thought and effort into the process before you actually take someone in. The following are a few tips to consider:

Be clear about your needs. One of the most important elements to successfully work with your temporary employees is the amount of clarity and forethought you have about your needs. This will in turn help you to write out the detailed job description listed below.

Seek advice and support. Don’t just wade into the temp employment world unaided. Fi


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Real Estate Properties:Seaport Square: The new frontier


Article Content:

Damn the economic conditions. Developers say it’s full steam ahead for the highly — and we mean highly — ambitious Seaport Square project.

Assuming it gets done over the next ten years, developers are looking at millions of square fee of new residential, retail, office and other types of spaces.

But can it be done? Can it even start as planned next spring when it seems nothing else is getting financing?

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