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We spend several hours and days researching and choosing the latest model, the safety features, the vibrant colors and we love it all. But most people know less about car insurance and what it entails. To uncover all the details about the car insurance and what it includes, we have a full-fledged guide that will help you out to know aspects of car insurance and how it works. Let us shed light on the car insurance and what you have to know about it.

The basics of Motor Insurance

The main principle of car insurance’s working is the “use it or lose it”. To avail it, you have to pay a definite sum of premium either on a monthly or yearly basis. If you are lucky enough to not get into an accident, then there is no need to claim any insurance amount and you may lose the premium amount that is paid for protection. On the flip side, you will get a claim bonus that is quite a substantial amount beginning from twenty percent in the first year and increase to fifty percent by the sixth year which is why it is advised not to claim for minor damages.

How to calculate insurance policy?

IDV (Insured Declared Value) is the main base to calculate the value of the insurance policy of your car which is the maximum insured amount along with the amount that the insurer can pay. Roughly, it is equivalent to the listed price of the showroom. But the IDV of the car is not constant.

When you want to renew the car insurance policy after a year, your IDV will reduce due to the rate of depreciation that applies to the car between the one and two years old. IDV is calculated as follows:

IDV= Manufacturers listing price –Depreciation

No accessories are included in the listed cost minus depreciation. Such processes are also followed in case of any general insurance and calculations play an important role.

However, you need to keep it in mind that it is not recommended to quote a figure less than that of the real market value because you pay a lesser premium amount and you can also claim less for damages.

In addition to this, you require to renew to the policy within a specified amount of time having to pay a huge penalty. The period of this policy is ninety days.

Does that include the car insurance cover?

Comprehensive car insurance comprises different types of coverage that are available with various companies. Let us have a look at these below.

• Loss or damage because of natural calamities

Some natural calamities are not in our hands and we can’t do anything if it affects us. Such events are out of control like floods, hurricanes, lightning, cyclone, typhoon, storm, cyclones, landslides, and earthquakes.

• Loss or damage because of man-made calamities

Some of the events are included that are made by men like a riot, burglary, strike, theft, terrorist activity, and any damaging activity caused by road, water, transit, or rail.

• Personal Accident Cover

Get the coverage of up to two lakhs that has caused to the driver because of traveling, dismounting, or mounting from the car.

 

Employees are your greatest asset, and they are critical drivers in your company’s success (or downfall). That said, employee satisfaction should be one of your top priorities if you want your business to succeed. And to keep employees satisfied, you have to learn more about what causes employees to be unhappy and how you can avoid them.

Although enterprise risk assessment tools help mitigate risks in many technical aspects of a business, they can’t detect the causes of unhappy employees. Hence, it’s up to you to identify the things that can cause or are causing job dissatisfaction in your company, which can be:

1. Poor compensation

The most common cause of employee dissatisfactionandresignation is not being paid enough for their job. Even if you have an immaculate office and a healthy office culture, employees will always find greener pastures if they believe they are not compensated enough.

How do you know if you are paying your employees enough? Look up their company position online and see what the midpoint salary for that particular role is. If you are paying them below that point, you are more at risk of losing your employees to companies that can pay them more. If you pay them higher than the midpoint, it doesn’t guarantee that they will stay, but it does help increase their job satisfaction and willingness to stay.

2. No career growth

Employees will eventually want to climb up the ladder after working in a particular position for some time. If they don’t see a window of opportunity now or soon, it won’t be a surprise if they want to jump ship and find better opportunities.

However, providing career growth for employees is not always easy. If you can’t promote them to a higher position because it’s still filled, at least offer to provide additional training or continuing education to help improve their skills.

3. Work-life imbalance

A healthy work-life balance is essential for all employees, even those who want to speed through the corporate ladder as fast as possible. Providing such balance helps prevent employees from experiencing burnout, which, in turn, increases work performance and improves job satisfaction.

The best way to know if your employees have a healthy work-life balance is to ask them directly. Send a company-wide questionnaire and have HR look into the results to determine if your employees feel overworked. If most of your employees feel that their life consists of more work and less of leisure, start looking into ways on how to balance the workload.

4. Bad management

Even if every other aspect of your company is perfect, a bad boss can easily make an employee quit. From the helicopter micromanager to the awful credit-hoarder, bad bosses can significantly decrease an employee’s job satisfaction, which can also affect their job performance and willingness to say in the company.

That said, monitoring your management team is crucial in maintaining employee satisfaction. Encourage employees to speak up if they are dissatisfied with their bosses and treat their testimonials with complete confidentiality. From there, you can reform your management team as needed and provide re-training to managers who need it.

5. Terrible office culture

Excessive gossip, chronic tardiness, unfriendly competition, and complete disregard of core values are signs that your company is suffering from bad office culture. If you recognize some of these red flags happening within your own office, it might be time to start reforming your culture into something healthier and more positive.

Otherwise, employees will steadily grow to hate their job, become disengaged, and eventually quit. If you want your company to flourish, you should start remolding your office culture before this happens.

6. Boring routines

People tend to grow bored when they do the same thing every day. Although bored employees don’t necessarily hate their job, their lack of interest can affect their job performance sooner or later, resulting in lower productivity.

If you want to keep your employees engaged, offer learning opportunities (training, seminars, classes) related to their job, organize fun parties in and outside the office, encourage employees to pitch ideas, and always look for ways to create purpose and motivation.

Employees are more loyal when they are happy with their jobs. Hence, if you want to retain your best employees and avoid a high turnover rate, make it a point to find the causes of employee unhappiness within your organization and find ways to eliminate them.

Even if you have unique products at low prices, you won’t get any customers if nobody knows your store exists.

That said, you can attract more visitors – and generate more sales – by following these ten tips on how to improve Shopify SEO for better organic traffic:

Tip #1: Follow a Good Site Structure

A good site structure will make your store more understandable to search engine crawlers. Apart from boosting Shopify SEO, it can make user navigation a breeze as well.

The first thing to do is to organize your shop by creating a collection page. This option is under Products > Collections. There’s also an automatic option, which is useful if your store carries a lot of items.

It’s also important to create a product page by clicking Products > All Products > Add product. Don’t forget to add this product to your newly made collection page.

Tip #2: Improve Site Speed

Page speed is a major determinant when it comes to SEO for Shopify.

That said, you can keep your website performing swiftly by choosing a fast-loading theme. Remember to compress your images and avoid going gaga when installing apps. Too much of these could cloud your system, and as such, could make your website slower than usual.

Tip #3: Research the Best Keywords

After fixing the structure, it’s time to head straight to keyword research.

The free method of doing this is to look up words and phrases related to your business. You can check the high-ranking pages to see what title tags they use.

But if you want better results, then you need to use tools such as Ahrefs’ Keywords Explorer. It can help you generate the best keywords that bring the most organic traffic. With these data, you can pick the best ones to use for your content pages and blogs.

Tip #4: Make Your Titles, URLs, and Meta-Descriptions SEO-Friendly

Now that you have your keywords, you can use them to optimize your product and category pages. It’s as simple as adding these keywords to your URLs, meta-descriptions, and title tags.

What’s great about Shopify is that it allows you to do this easily. All you need to do is go to the “Edit website SEO” selection and start typing.

Remember to make each aspect unique, brief, and descriptive as search engines favor such content.

Tip #5: Create Unique Descriptions

Writing a unique product description is essential for any shop owner. Not only will this help attract more customers, but it can improve Shopify SEO as well. That’s because it gives search engines a general idea of your page.

Should you stick with the manufacturer’s description, you’re more likely to get flagged for plagiarism. This is not good, as this can further pull you down in search engine rankings.

Tip #6: Use Alt Text for Your Photos

Apart from your text, images can also generate traffic from search engines. You can take advantage of this feature by adding alt text to your photos. This tells Google what your picture is all about.

To modify your image’s alt text, click the “Edit alt text” option after you upload the photo. Avoid keyword stuffing when you do this, as the goal here is to make the alt text informative.

Tip #7: Remove Duplicate Content

Your Shopify store has two domains indexed: your custom domain and the MyShopify version. Unfortunately, this can lead to duplicate content.

While Shopify automatically redirects traffic to your store’s primary domain, it’s best to be cautious. Make sure to check the option Online Store > Domains to see if it says, “Traffic from all your domains redirects to this primary domain.” If it doesn’t, click “Enable redirection.”

Tip #8: Do Some Link Building

The more backlinks you have, the better your Shopify SEO rankings will be.

You can do this by finding websites that link to your competitors, as there’s a chance they will provide a link back to your page.

You can also ask your manufacturer, supplier, and even influencers to share a link to your store.

Tip #9: Write Captivating Blog Posts

Starting a blog is one of the best ways to improve your Shopify SEO rank. This provides informational content that may appeal to your client’s buying journey.

It also allows you to create internal links that can keep your buyers well within the website. With the use of the right keyword, you can use this area to promote your products.

To start your Shopify blogging journey, go to Blog Posts > Create a New Post > Create a New Blog.

Tip #10: Use Schema Mark-Up

Schema mark-up provides Google with details about the product. When displayed in the results, it can generate more organic traffic.

It’s not that hard to do either, as all you need is to fill out the pertinent details, including price, inventory, and quantity.

Improving Shopify SEO is the best way to get interested buyers into your store. With these ten tips, you can enjoy higher sales and amass more revenue.

 

Running a startup company can be something of a dream come true for many starry-eyed entrepreneurs. There is just something whimsical about starting with a fantastic idea and planting the seeds of an enterprise in your chosen industry. While it can undoubtedly be exhilarating, starting a company and trying to keep it afloat during its first few years are entirely different matters. A lack of insight is the reason why many startup owners fail to realise the potential of their business early on.

Not only do you have to compete with veterans of the industry that have already overshadowed your business from day one, but you also have to compete with startups with similar goals and prospects. It can be discouraging and overwhelming, but making the right moves at the beginning is nowhere near impossible. Here are just a few ways to make a great impression and correctly steer your startup business.

First and foremost, keep an eye on those stress levels

Many entrepreneurs who are excited to make their mark are often more than willing to do anything for success – including compromising their health to get the job done. Not only is it not recommended to spend every waking moment trying to get the job done, but it is also counterproductive past a certain point.

To ensure that you keep your stress levels low, a few tips include:

• Managing your schedule. The ideal solution would be to fashion your schedule similar to that of your employees. Having breaks, off-hours, and off-days ensures that you have all the time you need to relax and reflect.
• Getting enough rest and food. Taking care of stress levels is often all about ensuring that you get at least eight hours of sleep with enough food that you do not get sick. It might seem like a straightforward and easy thing to accomplish, but when you are running a startup, it is much more challenging than people think.
• Enjoying your hobbies. A good way to keep yourself from thinking about work every waking moment would be to take the time to disassociate by enjoying your favourite hobbies. They can be as simple as watching your favourite shows or playing games.

How to ensure you are not blindsided by unforeseen events

The problem with running a startup is that there are often too many different unexpected events that can take you by surprise. When you are already having a challenging time keeping things together, unexpected responsibilities can be more than enough to cause things to fall apart. As a startup owner, it is crucial that you take care of insurance matters, even if it might not seem necessary in some aspects. Making use of an Insurance Broker in Chelmsford is an excellent first step.

You can also make use of business software to ensure that your startup is prepared for the future by streamlining many of the most repetitive processes within your business structure. While it might be overwhelming at first, the tips above offer a fighting chance when it comes to future-proofing your business.

Gone are the days when you could lure customers with discounts. While discounts and perks are significant, they’re not enough to retain customers and make them buy from you repeatedly. If you want to keep your customers, you need to get them to trust your brand. Customers who have developed the trust in your brand will spend more.

A study by Adobe revealed that loyal customers spend 67% more on a brand than new ones. The question you must answer is, how do you build a loyal customer base? Enter customised customer loyalty programs. Visit website of providers to know all about an excellent program on the market.

A program tailored specifically to a customer needs offering them unique benefits that they cannot get anywhere else. Here are the ways how customised customer loyalty programs can strengthen your brand:-

Creates an Emotional Bond with the Customer

Loyal customers aren’t with the brand just for the rewards. They’re with a particular brand because they get an experience that they won’t get with any other brand. Customised loyalty programs go beyond discounts and make customers feel special, just how they’d like to be treated. It is an emotional connection that customers feel with the brand.

Nike’s customer loyalty program is a brilliant example of how well the brand connects with customers. If you buy Nike’s running shoes or are looking for them, the customers under the loyalty program will get content and messages relevant to their search and tailored to their likes or dislikes.

Increased Revenue

According to the Adobe study, it costs five times more to attract a new customer than to retain an old one, and as pointed above, loyal customers spend more, thus boosting the brand’s revenue and profits.

Gather Valuable Data

Modern customers of today prefer a personalised experience. You can encourage customers to enrol for loyalty programs by filling out their profile details, likes, dislikes, preferences, etc. This data can be used to develop personalised communication with consumers. It can also help create targeted campaigns, implement referral programs, and even offer them useful and engaging content to strengthen their bond with the brand.

Personalisation is so important today that companies like Amazon are using AI and machine learning to track customer behaviour and preferences.

Easy to Track and Measure Customer Engagement

Loyalty programs make it easy for brands to monitor and track important metrics like the program’s effect on sales, customer engagement, repeat purchase rate, purchase frequency, etc.

For more details on how a customer loyalty and rewards program benefits the business, visit this website.

In today’s competitive world, customer loyalty programs give you the edge you need to compete against mega-corporations that can afford to play on the price. It benefits both customers and the brand.

Brands get to retain their customers, and customers get to enjoy enticing rewards that will make them come back for more. They can expect a curated, personalised shopping experience that anticipates their wants every time they come back.

 

Signage is typically designed using various symbols, signs, or pictures to convey specific information to the onlooker. They can be easily spotted at the mall, grocery stores, roads, eateries, offices, and schools.

It is easy to grab a viewer’s attention through signage that doubles as a useful marketing tool. Outdoor signage can help your business reach to different nooks and corners.

Like Platinum Signs, various suppliers offer various types of outdoor solutions, such as banners, electronic signs, etc., to help make your business stand out. It can help in expanding a small business, as explained below:

An Easy Way to Reach Out

It is easy to grab the attention of your prospective customers with the help of well-designed signage. Bright prints, creatively-placed signs and symbols, and impactful use of letters usually assure a second look. Grasping attention with signage makes way for new clients. Thus, it makes it easier to reach out to potential customers.

Placing it Right 

It is essential to carefully select the spots for your outdoor signage, as it should be seen by many. Only when people see it, they learn about your business. There should be a good footfall where you decide to position the sign. Moreover, the signage dimensions can be customised based on the available space, thereby making it a suitable advertising technique. Signage can be placed at the highways, parking lots, outside stores and malls, etc., which are usually busy places.

Brand Creation 

Signs usually help customers identify and recognise brands. Signage that is carefully positioned at multiple locations creates recognition for your business. On seeing the signage multiple times, people start resonating with it as a brand for your business. Thus, this form of outdoor advertising supports brand creation.

Different Types to Meet Your Needs 

You may consider any signage solutions like a-frame boards, or bright options like electronic signs. If your budget somewhat restricts you, you may opt for a-frame or pavement signs, which are comparatively reasonable. Wanting to stand out a little, you may pick any from back-lit signs, electronic signs, or channel letters. You have a decent variety to pick from the stores like Platinum Signs while creating your business identity.

Ask the Expert 

Professional advice aids in streamlining the entire process while helping to get maximum reach. Given the multiple options available in outdoor signage, an expert can help make a better selection basis for your business requirement.

You can also have an understanding of how your signage would be based on the samples provided by them. The expert also looks into the dimensions and ensures a perfect fit for the signage. You can also opt for maintenance services in which your signage is subject to an annual inspection. Thus, engaging professional services allows you to concentrate on other important business strategies.

Outdoor signage is a handy tool to create awareness about your business and make a brand. It helps connect with potential customers and increases the probabilities of new sales. Thus, it enables a small business to grow big by attracting new clients.

 

 

Keeping your employees happy and satisfied is tough enough as it is, there always seem to be someone bigger, better, or offering just that little bit extra to make you look bad.

You know for yourself that when you work at a company you want and need to feel appreciated, to know that you are valued for your expertise, skills, and worth and that the job you do is worth it in the end.

When it comes to looking into the compensation and benefits that employers are offering you ideally want ‘more bang for your buck’ as they like to say, yes you should always do something that you love because nobody wants to be in a job that is horrible and not enjoyable, but make it worth the effort for you.

To see more about this topic take a minute to check out https://www.sagepeople.com/faqs/what-is-compensation-management/#:~:text=Compensation%20management%20means%20the%20specialist,also%20benefits%2C%20bonuses%20and%20rewards. For a deeper insight into what you should be considering, or offer if you are fortunate enough to be in an ‘employing’ position.

Life is too short to do something not only half-heartedly but that isn’t valued for its time and talent.

3 Features when considering compensation.

I’d be happy if there was cake in the canteen every Friday but that’s just me, while my friends, on the other hand, wouldn’t even consider applying for a position if it didn’t tick the basics of their necessity boxes. Each to their own as my granny liked to say.

• Value. Is the employee bringing something to the table that is constantly evolving or allowing the firm to grow and expand financially? Are they essentially putting their money where their mouth is when they promote themselves and their skills set, and could the business function just as well if they weren’t there?
• Responsibility. Is the person you are hoping to hire going to be in charge of more or managing others, will the weight on their shoulders be proportionate to their salary package? Do they have targets to achieve, deadlines to meet that cannot go off track, these all relate to the monetary quality of pay.
• Growth. Is there room for growth by the individual to suit the needs of the business, are they willing and capable to step up to the plate as it were, and be loyal for many years to come. It is difficult to earn trust these days with so many opportunities each day presenting themselves, an employee who sticks with it is one to consider looking after.

What is the management of compensation?

The big title that nobody seems to understand much about yet somehow there is someone with this header on their business cards and the job is getting done.

It can be tricky trying to explain it and even more daunting to hear it if your package is not what you thought it could be, take a minute to find out more on managing compensation and how to do the job well, and even ‘what’ to know if you are on the other side of the table, ensuring you get what you’re worth.

Essentially it boils down to offering rewards and benefits for a job done well, bonuses, incentives, and even company team-building getaway excursions to boost morale and ‘drive’ employees to give their best each time. We don’t mind working for it, but when a company makes it worth the effort, you ‘want’ to do better.

Popular Incentives.

Winning a boat or holiday home at the end of the year or an assignment would be amazing, but alas the ‘prizes’ are not that big, they do however inspire motivation to perform at your optimum level and strive to be the top dog.

A great conversation on this and the difference between total compensation can be checked out in this link but it is quite simple yet necessary to have these practices in place.

Whether you’re working towards a monetary lump sum as a completion bonus, tickets to a premier league football match, or even a spa weekend for 2 (yes, please.) the objective remains the same, keep employees happy within reason, capabilities, as well as financially and the work will continue to be effective.

It’s a win-win result implemented with a basic formula, good compensation management.