July 16th, 2009 at 10:11am
Under Employment Law
Several tips and pitfalls for employers regarding offering and moving employees to new jobs as an alternative to making staff redundant. Employment Law Training offers UK businesses the full picture of options when axing staff looms.
Employers facing a round of tough redundancies should consider offering staff alternative jobs instead.
In today’s increasingly competitive marketplace, some employers may well find they face tough decisions, with the harsh reality being that they have no option but to make some of their workers redundant.
This is obviously a difficult situation, but one which more and more companies are faced with as the economy struggles to cope on the verge of a possible recession.
But have you considered all the options – don’t just jump in straight away and take the drastic step of axing staff without exploring every other possible approach.
Could you for instance minimise the impact of your difficult position by finding alternative roles for those staff within your organisation instead? It may take time to work this out and solve the jigsaw puzzle of moving people around between different departments, but it could be well worth the patience and effort.
This approach though may seem to be the perfect solution, and could save you from the dreaded redundancy announcement.
But employers need to make sure they stay on the right side of the Employment Rights Act 1996 when it comes to managing the process.
You don’t want to find that simply by trying to help your employees, you are contravening the rules and getting your company into trouble.
The Employment Appeal Tribunal has also set out new guidelines to explain how you should manage the offer of an alternative job and there are definitely pitfalls you need to avoid.
Employers should offer the person a trial period in the new potential job, usually four weeks is the right kind of timescale as it will give you, and them, the chance to carefully assess whether it’s a suitable move.
Communicate clearly to the employees involved how the trial period for an alternative job will operate, right from the start – don’t leave them in any doubt about where they stand.
Ensure they know that if they want to turn down the new job, they must do it within the four-week period, because if they don’t, and the four-week deadline passes without a formal decision, they could forfeit their right to a statutory redundancy payment.
Make sure too that any proposed alternative employment is actually suitable for the employee involved, and not just a position where you happen to have a vacancy.
Offering your staff a job which you know will be beyond their skills or totally out of their remit could put you at risk of an unfair dismissal claim.
It’s completely understandable that bosses should want to try to help their staff, particularly if they’ve been with your company a long time, but make sure you’re operating within the guidelines, and that an alternative job offer really is appropriate.
You don’t want to make a difficult situation even worse by raising their hopes of avoiding the axe with a possible new job offer, only to find that it’s not right for you or them, and they are faced with being made redundant after all.This article is free to republish provided the authors resource box below remains intact.
July 14th, 2009 at 08:52am
Under Banking Law
It is the obligation of banking institutions to educate their customers and help them understand in its simplest way regulations or processes they are following. There are a lot of bank transactions with corresponding guideline that not all bank clients may seem to understand. And most of us use these banking services to manage our money and we trust that they can handle each transaction very well with minimal errors. Understanding the basics of banking law also suggest that it is the right of every bank clients to also know the flaws of these set of laws, we can be charged by our banks simply because we mistakenly ordered a bank draft instead of a cheque, this happened because it was not explained very well to the client.
Dealing with pension funds, mutual funds, hedge funds, and investing the public who put away the products and services of the sell-side in regulating to make best use of their return on investment comprises the “buy side”. Several firms have buy and sell side workings. On behalf of the bank and its clients, the principal purpose of the bank is buying and selling products. Banks takes on hazards all the way through proprietary trading, completed by a distinctive set of traders who do not cross with clients and in the course of Principal Risk. Threats assumed by a dealer after he buys or sells a product to a client and does not evade his total exposure. Banks look for to make the most of productivity for a given quantity of risk on their balance sheet.
Investment banks assist companies and governments put up money by questioning and selling securities in the capital markets which happens to be both equity and balance due. In late 1980s, the United States and Canada uphold a division linking investment banking and commercial banks. Greater part of investment banks present a tactical advisory services for mergers, acquisitions, divestiture or other monetary services for clients, such as the trading of derivatives, fixed income, foreign exchange, product, and equity securities. Trading securities for hard cash or securities, for instance, facilitates transaction, market-making, or the funding of securities such as underwriting, exploration, research, among others is submitted to as the “sell side.”
Bank secrecy or otherwise known as bank privacy is an authorized standard under which banks are permitted to defend private information concerning their customers, through the utilization of numbered bank accounts. Efficient bank secrecy is enhanced and attained in certain countries, such as Switzerland or in tax havens, where offshore banks hold on to intended or legal levels of privacy.
Developed by the Swiss Banking Act of 1934, which directed to the famous Swiss bank, the code of bank secrecy is from time to time measured by major characteristics of personal banking. Advances in monetary cryptography conceive it probable to use unidentified electronic cash and anonymous digital bearer certificates to accomplish financial solitude and anonymous internet banking.
Islamic banking refers to a structure of banking or banking activity that is dependable with Islamic law (Sharia) philosophies and directed by Islamic economics. In particular, Islamic law prohibits usury, the assortment and disbursement of interest, also regularly called riba in Islamic dialogue. In addition, Islamic law forbids spending in businesses that are measured illegal or haraam, for example, businesses that put up for sale of alcohol or pork, or businesses that create media such as scandal columns or pornography, which are opposing to Islamic values. In the late 20th century, a number of Islamic banks were produced, to provide to this precise banking market.
July 10th, 2009 at 06:21pm
Under Appeals and Writs
51 Ways to Say Thank-you in a Fundraising Letter
One of the hardest jobs in fundraising is crafting original
thank-you letters. You want to be thankful. But you also want to
be fiscally responsible. You cannot afford to write a unique
thank-you letter for each of the thousands of donations you
receive each year. Here are some ideas for keeping your
appreciation original.
1. In response to your recent gift to MSF, I join with the
people of Afghanistan in saying shúker, thank you, for your
generosity.
2. We are so grateful to you for your recent gift—thanks!
3. I opened today’s mail and found your generous donation.
Thanks!
4. Thank you for your donation.
5. I had to simply praise the Lord this morning when I received
your gift in the mail. Bless you!
6. Thank you for supporting our Move The Mountain appeal with
your gift of $50.
7. Thank you for renewing your support. Here’s how we are using
your gift already . . .
8. Your gift of $100 arrived today and will soon be hard at
work, helping us provide fresh drinking water to the people of
Nanbitu. Thanks.
9. Thank you for your continued, faithful support of our
hospital.
10. I have to admit I am overjoyed by your recent generosity.
Thank you for your donation of . . .
11. What a delight it was for all of us here at The Wethered
Street Mission to learn that you have included us in your Will.
May the Lord reward you richly for remembering the poor and
destitute with your bequest!
12. Two wonderful things happened this week. We won the Nobel
Peace Prize. And we received your gift of $2,000. Thanks! I know
the recognition that we treasure the most. It’s your . . .
13. Thank you for your generous grant of $20,000 for our
Brighten Up Campaign.
14. I greatly appreciate your kindness to our ministry.
15. Someone has said that the Inuit of Canada’s North have over
100 words for snow. I wish there were that many for thank you,
because I’d use every one of them in this letter.
16. We received your cheque today. What a blessing!
17. I put the phone down just now after talking with you, and
simply had to put in writing how excited we all are to be
receiving your grant for $100,000 toward our Living Hope
Campaign.
18. Simply put, if it wasn’t for faithful supporters like you,
we wouldn’t exist. So thank you for supplying the funds that we
need to make a difference in the lives of teenagers who struggle
with eating disorders right here in our own city.
19. For your generosity, I thank you.
20. Your gift of August 16, 2005 raised our spirits. Thanks to
your generosity, we are now able to . . .
21. Your tax-free donation reminds me of how much we depend on
your generosity and moral support to accomplish our mission.
22. Thank you for your gift. I did the math, and your kind
gesture will help us lay 550 brick in our new school project in
Bolivia. So I thank you today. The children will thank you in
January!
23. Thank you for your bequest. It touched our hearts to know
that . . .
24. Two things thrill me about your recent gift to Thorburn
College. One is your generosity. And the other is your continued
faith in our mandate.
25. Your gift, which arrived this morning, will help us plant
200 trees along the Pacific Coast. Thank you so much!
26. I was looking through our files the other day and realized
that you have been supporting our group for 20 years come the
end of this month. So this is a personal letter from me, and
from the people we serve, thanking you for your faithfulness.
27. I suppose the word is “gratified.” We are gratified that you
believe in our work enough to give us a grant. Thank you for
your trust in us.
28. This is just a quick note, but it comes from my heart as I
head out the door for my flight to India. Thank you for your
recent gift. Your generosity will make an immediate difference
in the lives of mothers in Calcutta. I am going to make sure of
that, and to keep you up to date on . . .
29. “Use where needed most.” Those four words on your recent
cheque have changed the life of one youngster forever. His name
is Ahmed. And he is no longer blind, thanks to you.
30. The Bible says that the Lord loves a cheerful giver. And so
do we! Thanks for your kind donation to our annual Beat The
Streets Campaign.
31. Billy K. is serving life in San Quintin and can’t thank you
for your gift to our ministry. But I can, because I met with
Billy yesterday. Your gift touched his heart. Here is what he
said by way of thanks.
32. For your gift, for your prayers and for your steadfast
commitment to the work of the Lord in Nepal, I thank you.
33. I shared Thanksgiving Dinner with 100 wonderful street
people last night, thanks to your generosity. See the enclosed
photographs.
34. Martin Luther said that if you want to change the world you
should pick up your pen. I see from this morning’s mail that you
picked up your pen last Friday. Your gift has changed the world
of one single mother here in Brisbane, who I will call Sally.
35. I showed your recent gift to the Head of Obstetrics, and you
should have seen her reaction! She almost fainted in the lobby,
she shrieked so loud!
36. Samantha loves her mom. She loves her bike. And she loves
the person who saved her life. You. Because of your gift of
December 18, 2005, we were able to buy Samantha a new . . .
37. You are a treasure to us all. Thanks again for standing with
us.
38. Thanks to your kindness and generosity, one hundred blankets
are being loaded on a plane as I write, headed for the New Hope
Orphanage in Johannesburg. They have warmed many hearts around
here already, because of you.
39. Thanks again for your gift. You are an example to us of a
true servant spirit, esteeming others more than yourself, and
putting Kingdom priorities ahead of your own.
40. I must dash. Let me conclude with a final heartfelt THANK
YOU for remembering our friends who live with disabilities.
41. Next time you are driving down Princess Street, please take
a look at the new wheelchair entrance to our food bank, and our
guests who are using it, thanks to your generosity and
commitment to our work.
42. You’ll see that everyone here at the office has signed this
thank-you letter. That’s because we are so amazed by your
faithful support over the years.
43. We are humbled by your recent expression of support for our
work. Thank you.
44. I have a tune running through my mind as I am writing this
thank-you letter to you. I learned it at camp. You probably did,
too. Your gift brought it to mind, your generous gift.
45. When we started our Run For Their Lives campaign last year,
some people said we would never meet our goal. But they did not
figure you into their thinking, or your generosity. Because,
thanks to your gifts this year, we have not only met our goal.
We’ve surpassed it. Thanks!
46. Someone once said that whatever we possess becomes of double
value when we share it with others. Looking around me at the
difference your financial support has made to our organization,
I know that to be true. So I’m writing you this brief note to
express my thanks, our thanks, for you and for your donations in
recent months.
47. Have you ever wondered if your gift to our ministry would
arrive at a crucial time, and save the day, as it were? Well, I
know that your gift of £100 did this week. Let me explain how.
48. Your gift of $5 put a smile on a boy’s face yesterday. I was
there to witness it myself. Here’s what happened.
49. A friend of mine used to say that we should hem our
blessings with gratitude lest they unravel. So this letter is my
way of putting a hem around the generous gift you sent us last
week. I don’t want to ever forget it.
50. The nice thing about writing thank-you letters is that we
are blessed twice. Once when we receive your gift, and again
when we remember it in writing. I hope you are doubly blessed in
the giving. You will be, when I describe the difference your
gift is making in our . . .
51. Thank you for your gift.
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