What motivation techniques would you say are most successful in enhacing productivity among employees?
Answers: Successful techniques to enhancing productivity are those based in a previous investigation. This investigation must explore present amount of satisfaction in different issues among the employees. For instance, leadership style can be a cause of no satisfaction, in this case, organization must start with education courses direct to to their leaders. In other cases long journeys can be a cause of satisfaction, then it is necessary explore the causes of those long journeys.
The interesting thing that I have learned in my 40 years of management is that there is no right answer to that question. People are motivated by many different things. I did a survey at a new company. I asked everyone to rank a bunch of different things. Money, time off, job security, promotions, etc. I could then tell what was important to them and what motivated them. (There was one guy that took a demotion after he realized that he did not want the pressure and the money that went with it.) So the answer to your question is that the most successful motivation technique is whatever motivates the individuals. Use a general technique and you will have many motivated and many not unless you have set up a group that is commonly motivated.
Will Bank of America preserve any of Countrywide's workforce?
If Bank of America does takeover Countrwide Financial, what will begin to all their organization? The transaction is soley for the servicing potfolio. 90% of Countrywide's loans were bought or originate by their wholesale division. Bank of America does not have a wholesale division anymore. BOA have been impressively vocal just about their dislike of the wholesale business and mortgage brokers. Obviously all their wholesale reps will involve to go elsewhere, but where on earth will all the retail reps be placed? Bank of America already have a very exclusive sale force, so they are not interested in taking on any of Countrywide's second-hand goods. One Bank of America loan officer produces the same as 5 Counrtwide loan officer, so obviously BOA is more concerned beside quality that total.A Countrywide loan officer in New York have stated that they will all feasible end up at First Horizon as they would hold a very difficult time adjust to the banks culture.
Has anyone else hear where they may running out up?
Answers: Much as i hate to be the bearer of desperate news largely speaking the cream of the crop will be held and the rest will be dumped.
This field is cyclical and the amount of loan officer and bank reps will be greatly reduced. If you are a loan servicer your likelihood are greater to be retained if you are not a member of upper headship.
The masses of nation at Countrywide for there own benefit should attain letters of hint from bosses and favorite coworkers right away. Then the job hunt should develop right away. this will make it possible to not return with caught in a down draft when this or any merger undertakings take place.
Lets obverse it new loan accomplishments are not going to be as brisk going forward so that end of this business will shrivel. The servicing to some extent must remain surrounded by place so people in attendance will be held onto if it is deemed they are a notably needed asset.
The other nasty article is parent companies will combine jobs and duties are they will press nearby newly acquire asset into higher actions with smaller number recourses. this is pretty typical corp culture.
I see a number of society in your company getting the stacks of folders on at hand desk doubled. Majority I see unemployed. Transferring to a modern place like Horizons might as economically be a firing cause the duty could be a geographic change not good enough to family. It could also be a down echelon in salary and job title and a opening to let you be in motion slowly over time.
I think using this opportunity to see whats out here would be a great idea and you can never be hurt by trying to find a better matter in a untried place of employ or work. remember take that resume together now and you will be geared up! If you leave in a minute after you find a new position you might beat others that are looking contained by 30 to 90 days from now that are looking within the same areas you are.
Good luck!
CPA and Business Law examine something like companies' structures.?
I currently have one business. It's a S-corporation, file in MT. I am looking to form another similar business surrounded by a related market as the first business, but I'd approaching it to have another christen. What are my options here?I am assuming I inevitability the protection of making the 2nd business into a corporation, right? Because it is a business that deals near homes, and i'd like to protect myself contained by case of lawsuit, etc. Or is in that any way I can a moment ago file the business baptize, but make clients label checks out to the first business' name? Would this be legally recognized? So, I could advertise w/the cross I'd like, but afterwards really it's controlled by the first company.
Since i do the books for both businesses and run them next to family, no organization, etc. do you think that i should engineer the 2nd company a subsidiary of the first?
I guess what I'm trying to say is that I'd similar to them to be the same company, but purely with different name. Is this possible? If not, what do you think my option are?
Answers: May I respectfully suggest you contact the MT Sec. of State or the registrar-recorder for the County in which your existing corporation is registered and inquire going on for the availabilty to file a fictitious business describe for your new entity beneath the name of your existing S corporaton. The cost should be nominal and your result is operating two businesses under the control and operation of your imaginative business operation. This is your intent, is it not?
Finally, should you open any further or subsequent businesses, anywhere you have need of the limited liability benefit, consider file a LLC (Limited Liability Corporation). This may be treated as an "S" corp by similar election but does not require adjectives the bells and whistle maintenance of a regular corporation. Your dead loss to precisely follow all formal corporate file, reporting and record upholding requirements for a corporation may result in your sacrifice of your constrained liability intent.
Ask your tax preparer if you would be better sour starting a new LLC and shut down your "S" corp.
Good Luck