Investment Management Industry Overview

Investment Management Industry OverviewInvestment Management Industry OverviewThe industry controls around $64 trillion auf der ganzen weltly (having grown by roughly 10 per cent annually over the past decade) and charges clients 1.5 per cent to 2 per cent for the privilege. Hedge entdeckungs charge 2 per cent management fees and typically 20 per cent perfassonance fees.No surprise then that operating margins in the investment management industry are mora than 40 per cent, according to the Boston Consulting Group. The beauty of the industry, for its incumbents, is that as markets tend to rise over the long run their fees increase even though the cost of managing money doesnt. Overtime, according to some estimates, fund managers raise their fees by double digits, up to around 15 percent a year.The investment management industry is one of the few that broadly impact households all over the world, particularly now. As the population gets older in the core European Union countries, the old-age dependency rate is set to rise from 21 percent now to 50 percent in 2050 and pension deficits have increased, mora people than ever are planning for their future financial needs. As a result, the industry is increasingly visible. Investment management has become an increasingly important part of the financial services industry in Europe. London, for example, is now one of the leading international centres for investment management.Still growingIn Europe assets under management grew by almost 400 billion in 2007 the UK alone now accounts for around 7 percent of global assets under management, the third biggest home for managed assets behind the US and Japan. Retail fund demand has continued to increase nearly 50 million households had $24 trillion invested in retail funds as of June 2007, up from $1 trillion in 1990. Despite the credit crunch investment in alternative asset classes has also shot up. A survey by HedgeFund Intelligence said global hedge fund assets under manag ement reached $2.65 trillion at the beginning of 2008, a massive increase of 27 percent from the saatkorn period in 2007.But the credit crunch will biteHowever, the adverse economic conditions of recent times have caused problems for the industry. The credit crunch will lower returns in the short-term because there will be less leverage available to fund managers, not to mention the effect of the crunch on global stock markets. Many big investment banks, such as Citigroup and Merrill Lynch, were already selling off their wealth management departments before the economic downturn. As the credit crunch continues to bite and push returns lower, more big players could downsize their investment management offerings.The crunch may also bring about regulatory changes. In the US, for example, the Federal Reserve bailed out Bear Stearns because, if it failed, its entangled assets would have also brought down the edifice of modern finance. As a result harsher regulatory regimes will be introd uced to ensure fund managers cannot topple a financial system that it has taken centuries to create.The heat has also been turned up on fund managers who are making exorbitant sums amid a seriously tightening economy. While more people than ever are using food stamps in the US some asset managers, particularly hedge fund owners, are making massive profits.Even multi-multi millionaires such as Bill Gates and John McCain have criticised the super-rich for cashing in on other peoples hard-times. John Paulson, a hedge fund manager, made $3.7 billion in 2007 primarily through shorting the risky CDOs that have brought misery to so many. Paulson beat the best-known fund manager, George Soros, into second place with an annual income of $2.9 billion. In the UK alternative assets managers, particularly short-selling hedge funds, have been seriously admonished by the FSA for spreading liquidity scare-stories about UK banks.Pension reform and emergence of propertyThroughout Western Europe, pens ion reform has become a politically explosive topic - and one being watched closely by the biggest banks in London, Frankfurt and across the Atlantic on Wall Street. Several European Union countries are facing pension crises, mainly due to an ageing population. Europes state pension schemes are based on a pay-as-you-go premise, which means that money paid into the retirement plan by todays workers are passed through immediately to todays retirees. That means much more responsibility is placed on the current crop of workers to pay for a disproportionate amount of pensioners Older workers (aged 55 to 64) in the European Union are set to increase by 24 million between 2005 and 2030.And heres how investment managers might benefit in the years to come the governments plan is to strike a new model that shifts more responsibility to workers and away from state-run pension plans. Nations like France, Germany and Italy are trying to increase the retirement age as a way to encourage workers to look after their own pensions through defined contributions. Meanwhile, requirements for defined benefit contributions are being increased. As pension reforms are passed throughout Europe, those that enter the investment management industry will benefit. It is one of the reasons why investment managers, from Deutsche Bank in Germany to UBS in Switzerland, are touting a variety of investments tailored to younger investors.The show will go onInvestors will always desire yields, whether from short-term risky ventures or more secure longer-term investments. As a result, the industry can survive anything. After all, assets are always there to be managed. However, the next couple of years will be a tougher time for the industry as the risks surrounding financial markets and global economic growth remain on the downside. As a result investors, alongside other consumers, are tightening their belts to offset a drastically slowing global economy and a reduction in cheap credit while this c ontinues investors appetite for equity exposure and interest rate risk is likely to remain subdued. This will impact liquidity, meaning managers will have less cash in their funds than they have been used to over the last few years. ConsolidatingThere have already been well over 150 mergers in the investment management industry in the last 20 years. Recent consolidation activity includes the merger of BlackRock and Merrill Lynch Investment Management, buyouts of Jupiter from Commerzbank and of Gartmore from Nationwide Mutual. A further spate of consolidation is in the offing amid tough economic conditions. Experts believe institutions with low price-to-earnings ratios, or struggling with poor asset quality, will sell-off their investment management businesses to find more capital. The credit market turmoil has already sidelined some private equity deals and could lead to fire sales of distressed assets. Indeed, M&A activity within the investment management industry welches at an al l time high from January to March 2008 in terms of deal volume. In the first quarter of 2008 53 deals were announced at a cost of around $9.6 billion. The acquired assets under management totalled over $704 billion. By contrast in the same period of 2007 45 deals were announced representing $544.9 billion in acquired assets under management.Convergence The European investment management sector is currently experiencing massive convergence between traditional and alternative investment styles. Hedge funds, private equity funds and traditional asset managers are competing increasingly closely as the lines between the asset classes become blurred. Investors increasingly understand how to invest and which investments could generate higher returns in a regulated environment. Regulators have realised this and are now offering traditional asset managers new flexibility as long as investors remain protected.The search for the alpha has aided the process. Traditional asset managers have bee n buying hedge fund boutiques for some time. But now the difference between these businesses and their core investment strategies are disappearing. Long-only managers are also using regulatory devices such as UCITS III to offer hedge fund products for retail investors and other products to widen the choice for their institutional investors.Meanwhile, alternative asset managers are reaching a wider audience among investors through regulated fund vehicles and eschewing offshore domiciles of the Caribbean and the British Isles for EU member states such as Luxembourg. The Alternative Investment Management Association (AIMA), the international hedge fund industry body, recently suggested Hedge funds are now considered part of the mainstream of the investment management industry. There is even convergence among alternative assets. Private equity houses and hedge funds are frequently adopting similar investment strategies. Cheap credit, low volatility and rising equity markets encouraged hedge funds to enter the private equity market until the middle of last year.More strategically, hedge funds are increasingly ring-fencing capital for illiquid investments, similar to those made by private equity. Recently they have deployed these investments up and down the capital structure, including second lien and mezzanine debt products. Private equity houses have acquired undervalued assets and businesses through public market deals. Many experts suggest this could lead to further growth in hybrid alternative investment firms.The shift from equities to obligations to equitiesAfter the dotcom bubble burst at the turn of the millennium, equity markets became erratic as stocks were challenged by a mixture of corporate scandals and weak economic growth. As a result funds moved from equities to bonds. According to some estimates, pension funds moved 40 billion from equities to bonds in 2004. However, strong economic growth and weakening bond yields since then has instigated a shif t back to equities. But, experts suggest, investors in stocks lulled by periods of low volatility can be hit hard. As the recent economic crisis has shown, things can change quickly and even the strongest of stocks can plummet. In the UK during the 1970s the last time stagflation hit and editor of The Sun Larry Lamb immortalised 1979 as the Winter of Discontent equities on the whole performed very poorly. Then, as now, investors flocked to more secure bond funds, primarily investing in government debt as opposed to risky junk bonds.Still, bonds arent always a safe-haven in times of strife. The trick for investors, says one fund manager, is to Keep a diversified portfolio comprised of stocks and bonds. Even 100 percent safe products arent always safe, as most managers will tell you. The trick is to spread the risk.The challenge of exchange traded fundsDescribed as the Wal-mart of the business, exchange traded funds (ETF) are increasingly undermining the traditional business model of investment management funds. According to Morgan Stanley, ETFs had $74 billion in assets under management in 2000, but by 2007 this was up to $700 billion. The growth will not stop there, with Morgan Stanley estimating that $2 trillion will be invested in ETFs by 2011. And it is no surprise. Nearly anything investors believe will perform well in the future can be bought in the form of an ETF, which is a portfolio that can be bought on the stock exchange and costs much less than a traditional investment management firm. The more investors pay in charges, the less money they are likely to make according to experts. As a result, ETFs will remain extremely attractive to investors. More than just investmentMore than ever investment management companies are focusing on more than just investing. Business decisions such as marketing and distribution, global growth, and technology integration are becoming increasingly important factors in the success of investment management firms. While this Guide will focus mainly on developing a career on the investment side of the investment management industry, we will also spend some time discussing the growing alternative career opportunities relating to these non-investment business issues.

ASME Pressure Vessels Video Thomas Pastor Medal Winner

ASME Pressure Vessels Video Thomas Pastor Medal Winner ASME Pressure Vessels Video Thomas Pastor Medal Winner Video Thomas P. Pastor, Melvin R. Green Codes & Standards Medal WinnerThomas P. Pastor is vice president of code services for HSB Global Standards and led the development of several knowledge-based databases used to provide code technical support to over 3,000 ASME certificate holders and inspectors. He formerly worked at Combustion Engineering where he was a member of the structural analysis group responsible for performing load analyses of nuclear reactor internals subject to seismic and loss-of-coolant events.An ASME fellow, he has served on the societys Boiler and Pressure Vessel Code committees. He currently serves on ASMEs Council on Standards and Certification as well being a member of the Board for Pressure Technology Codes and Standards, among others. He earned his Bachelors and Masters degrees in Civil Engineering at the University of Connecticut, Storrs (UConn).Lea rn more about Thomas P. Pastor and the ASME Melvin R. Green Codes Standards Medal. The copyright of this program is owned by ASME.

37 of The Best Money-Making Apps for 2019

37 of The Best Money-Making Apps for 201937 of The Best Money-Making Apps for 2019Are you looking to make some extra money? As with almost everything else, theres an app for that. Whether youre looking for a quick,easy way to make a few extra dollarsor youd like to market your professional skills to boost your income, you can use an app to find work and get hired. Review some of the best money-making apps you can use to generate extra income. With many of them you can departure work right away, and youll be paid as soon as you complete the job. How to Get Started You may be able to apply directly on the app or you may need to register online before you can use it. Most apps haveiOS and Android versions that you can download to your device. Once youve downloaded the app from theApp StoreorGoogle Play, follow the instructions to get started. Some apps use PayPal, so youll needtoplatzsetupan account to get paid. Others will pay directly to a checking account or use another payment s ervice. Read the fine print before you register, so you know how much and when you can expect to be paid. Apps You Can Use to Make Money These are apps you can use to earn cash quickly. For some jobs, youll need a specificskill set. For others, you simply need to have the time available to complete the task. Quick GigsYou wont get rich from these apps, but you can make money quickly. How much youll earn depends on the job, and youll be paid shortly after you complete the task. BlueCrewBlueCrew provides flexible W-2 employment for hourly workers in a broad range of industries such as warehousing, logistics, e-commerce, events, delivery, and hospitality.Get the App BlueCrewEasyShiftSign up to complete simple and fast jobs at local stores. For example, taking pictures and checking promotions. Payment is by PayPal, and for most jobs, youll be paid within 24 hours. Get the App EasyShiftGigwalkGigwalkers work on jobs that take as little as a few minutes, or as long as several hours. G igs include checking product displays or product availability in retail stores. The app has a GPS feature you can use to find, complete, and report on jobs. Payment is by PayPal when each gig is completed. Get the AppGigwalk TaskRabbitTaskers do small jobs like cleaning, delivery, shopping, organizing, and running errands. Sign up online, then attend an information session where youll be instructed on downloading the app. When youre set, you will be able to view jobs in your area on the app, select the one you want, then confirm with the client. After the job is done, youll submit an invoice to get paid via direct deposit to a checking account.Note there is a $20 registration fee.Sign upBecome a TaskerWonoloAre you ready to go to work? Wonoloers work on immediate local hourly or daily jobs. Once you have signed up, open the app to get notifications of new jobs, and click to accept it. Payments are processed by Stripe, and typicallytakethreetofive days from when the job was approved. Theres a rating system, and high-rated Wonoloers have access to more job options and faster payments. Get the App Wonolo Build, Repair, and MoveIf you have a knack for fixing things, assembling furniture and other products, or helping people move, you can use an app to find jobs to work on at your convenience. Once you apply and have been approved, youll be able to select tasks that fit your schedule. Amazon Professional ServicesBellhopsDollyHandy Drive PeopleIf youve got reliable transportation andappropriate car insurance, andenjoydriving, ride-share driving is a way to make extra money during your spare time. Driving jobs have an online application process that includes abackground check, so be prepared to wait for approval to get started. UberLyftJunoWingz Shop and Make DeliveriesOne of the easiest ways to make extra money is to provide delivery services. With some apps, like Instacart and Shipt, you will shop and deliver. For others, youll pick up and deliver orders. Some ser vices will pay right away. For example, Uber drivers can sign up for Instant Pay and get paid up to five times a day. The payment is made to your debit card. Amazon FlexCitizenShipperDoorDashGrubhubInstacartLaserShipPostMatesRoadieShiptUberEats Take Care of People and PetsIf youre interested in caregiving, for either humans or pets, you can sign up to provide care services when youre available. Care.comRoverWag Apps for Providing Professional Services There are many apps freelancers can use to find gigs and market their professional services. As with most app-based gigs, the schedule is flexible and you can work at your convenience. The credentials you need to get hired depend on the role youre interested in. Payments are made directly and promptly by the site or a payment service, rather than the client. With most services, its easier to sign-up online and thengotothe app to find jobs. Monetize Your SkillsWith skills-based gig apps, there are opportunities to work as little or as much as youd like. You can take on side gigs or make freelancing your full-time job. Some sites like Upwork, offer different types of opportunities for gig workerswhileothers focus on a specific niche. editorris an on-demand service that hires online editors with an academic or professional background in English, journalism, copywriting, creative writing, or similar fields.Fiverris a platform for freelancers to markettheircreativeservices inmorethan200 categories. Freelancers post the services they provide and set the price for the gigs,whichbeginat$5.Jijatjo provides flexible options for hospitality workers, matching you with opportunities that match your schedule. Jijatjo offers competitive hourly rates, and pay is almost immediate (within a few hours) after you finish a shift. Thumbtackoffers professionals a way to findjobs doing almost anything. Pros post their business, and customers reach out to those they are interested in working with.Tutor to Gois an online tutoring se rvice. Professors, teachers, professionals with industry expertise provide tutoring services when they are available.Upworkis a platform for freelancers to find jobs and projects, connect with clients, and get hired quickly.Wyzantprovides one-on-one tutoring services for school and university students. There aremorethan12,000 subject areas and a stringent vetting process for applicants. Provide Health and Fitness ServicesAsartificial intelligence changes the medical landscape,there are opportunities for health care providers to practice virtual medicine, communicating with patients on a smartphone or tablet. There are also opportunities for fitness instructors to provide virtual training. For services that need hands-on care, massage therapists, for example, can deliver in-home massages arranged by the app. The application process starts online and services may be provided or arranged via the companys app. DoctorOnDemandhires employee and independent contractor physicians, psycholo gists, and psychiatrists.Teladocprovides opportunities for primary care physicians, dermatologists, and behavioral health providers who handle routine, non-emergency medical problems by video or phone.LiveKickhires personal trainers and private yoga instructors for sessions conducted over live video.Trainerize workswith personal trainerssotheycan connect with clients on the Trainerize app.Soothe isanappwheremassage therapists join the Soothe professional network to provide in-home, office, or hotel massages. Zeel isanappfordownloadwhereyoucanget approved and verified quickly. Selected candidates participate in on-boarding, then download the app and start booking massage appointments. More Ways to Boost Your Earnings These are just some of the waysyou can boost your earningpower. There are many otheroptions for side gigs, andsites you can use to find freelance opportunities.

6 Quick Resume Updates in 5 Minutes or Less

6 Quick Resume Updates in 5 Minutes or Less6 Quick Resume Updates in 5 Minutes or LessLooks do matter Your resume is your first impression on a hiring manager. An employer only spends about 10-20 seconds looking at your resume. Updating your resume is usually viewed as a long process that you put off for as long as possible. What if I told you that you can make a few quick updates to your resume, that will take 5 minutes or less? unterstellung small things that may seem insignificant, actually make a huge impact on how your resume is viewed.1. Get rid of the ObjectiveThe objective on your resume is redundant. The person reading your resume knows that the end goal of your application is to get a job. Instead, replace the objective with a summary or if you dont feel comfortable with that, skip it all together. Assuming you have a decent idea of what your target audience is looking for, you should be able to draft out a few sentences that introduce you in a way that aligns you with the type of job or industry you are looking for. This is a brief summary that shows who you are and what you offer right at the top of your resume. 2. Use a consistent fontUsing a consistent and readable font looks professional. You want to choose a font that is easy to read and is available on most computers and programs. The font size should be between 10 and 12px with the exception of your resume titles. To a hiring manager, with a huge pile of applications, a resume that is easy to read catches the eye over those that arent. They are more likely to zupflmmel up a resume with good readability than a resume that is a strain to look at and inconsistent.3. Avoid AcronymsSometimes the person doing the hiring wont be in the same industry as you. Using acronyms that are company or industry-specific can be difficult to understand. To save space you, can expand the acronym in the first use of it and shift back later. This way the recruiter or hiring manager knows what it means when reading y our resume. For example, ERP - enterprise resource planning (business management software that a company can use to store and manage data from every stage of business). Then you can shift back to ERP for any additional uses.4. Use spell checkMaybe spelling and grammar isnt your strong point. Use an app like Hemingway, Grammarly or Typely to double check your resume for any potential typos or spelling errors. A simple typo in your resume can make you seem unprofessional and uneducated to a hiring manager or recruiter. Using one of these useful tools will ensure your resume looks elegant and professional by saying goodbye to any spelling or grammatical errors on your resume5. Full disclosure is unnecessaryGet rid of things like your references, graduation year, and GPAs. You dont have a lot of time to make an impression on an employer. Wait to give references until they are requested by the employer. This allows you to give a more estimated time range to your listed references and pre vents catching them off guard or them possibly missing the call. Graduation year and GPA are irrelevant unless you are fresh out of college with no experience or are applying based on your score. This helps keep your resume clean, simple and easy to read.6. Save FormatSometimes a company will request a specific format for your resume. Its always a good idea to save your resume in a .doc format as well as PDF format. These are the most common requested resume formats and will make it simple to send it over when an employer requests a specified format. Always be sure to open and close your document in both formats a couple of times to make sure they open properly and look correct in both.Its time to fight your fears. Go ahead, turn on your computer and open up your resume file. Read over your resume and see if any of these quick 5 minute fixes, can be used on your resume. Following these basic resume rules will make an impact.

Lessons learned from my last 1,200 job rejections

Lessons learned from my last 1,200 job rejectionsLessons learned from my last 1,200 job rejectionsI believe in building a brand from the inside out. Creating a high enough volume of daily output that the market targets you. Allowing new opportunities to find you through the attraction of working, not the agony of waiting.

Top Advice on Cv Creator

Top Advice on Cv Creator The New Angle On Cv Creator Just Released My documents look far better. No, as its too generic. While Canadian resumes are available in many unique formats, they share some standards that you ought to know about. There are several online resume maker tools which will sure help you to have a resume in pdf format only as long as you pay them. In chinese or russian for instance, the ways of writing may differ and accordingly must be customised to satisfy their requirements. In order to construct your profile in conditions of job criteria, it is perfect to download such a sort of CV examplePDF or google doc compatible. Adding more quality words in our resume is effective but theres no use if its not associated with the work post applying for and does not draw in employers. A perfect selection for candidates with plenty of experience who want to have a really good one-page resume template. Also its a shameless method to present a brief CV of mine. Le ts start with a fast overview of resumes, as they are more familiar to the majority of American writers than CVs. Even should you need to purchase research paper done in 6 hours, you can depend on us. There are even several CV templates that have been created utilizing the Photoshopsoftware to create the design required by certain industries. Let our professionals help you in developing a CV which will help you get there. Employing the aforementioned advice that you ought to be in a position to create a productive school leaver CV that will create a huge impression on recruiters and make certain that you get invited to plenty of interviews. If this is the case, you require a resume (CV, CV) that is really going to influence your prospective employer. An excellent CV is well-structured and simple to read. If youre looking for an easy or contemporary CV, it can be found. Developing a German CV isnt atomic physics science. The Argument About Cv Creator You do not have to get re gistered to use the creator. Let your writer know what precisely you will need. Your resume writer will request that you send them links to any roles you want to submit an application for. Experienced and attentive When you seek the services of an expert essay writer at our service, you obtain an opportunity to cooperate with an individual, who has an extraordinary educational background. Cv Creator No Longer a Mystery Really old and irrelevant roles only have to be a couple of lines long enough to demonstrate your career path. Chronological resumes are perfect in case you have experience in the area and a couple of years of uninterrupted employment or whether youre a recent college grad. You list your latest position first. The secret to a very good CV, is that is must quickly demonstrate that youve got the ideal abilities and knowledge to do the jobs youre applying for. Your CV is just one of the most essential factors for job hunting. LinkedIn is a favorite business-rel ated social media website. Youre now prepared to impress employers. Whilst it is a fact that you will see numerous CVs surfing the www utilizing different search engines like Google, Bing, Yahoo and others. You may import the simple information from social media such as Google, Facebook or Twitter.

Better Jobs with Companies That Care About Women

Better Jobs with Companies That Care About Women Sometimes its really difficult to know your worth, what you excel at and how the two fit together. We cant claim to have a magic bullet or potion on this matter, but - we know the women of the PowerToFly community are highly sought after. How do we know this? From the feedback we get from companies EVERY day. Not sometimes, not once a week, but literally every day. Theyre looking for you, they want you and they are striving to create inclusive environments for you to thrive in. Dont doubt your worth. FEATURED COMPANY THAT CARES APPLEApple, the company that makes the very products you probably use every day, is hiring. When it comes to their practices and benefits, Apple exemplifies what we look for in companies that care. They hire inclusively, and they do more than believe in pay equity theyve actually achieved it Women earn one dollar for every dollar male employees earn in the United States for similar roles and performance. And wh ether its maternity leave, new parent leave, adoption assistance, backup care, student loan refinancing, or product discounts, Apple has benefits that fit your lifestyle and then some.For more great roles from companies that care, see below. For even more incredible opportunities, be sure to check out our Jobs page.Addepar - Product Manager (Mountain View, CA)AdMass - Data Engineer (New York, NY)Amazon - Software Development Manager, Amazon Tickets (Seattle, WA)Avant - Software Engineer (Chicago, IL)Casper - Software Engineer (New York, NY)Complex Networks - IT / Technology Support Technician (New York, NY)Hearst Newspapers - Frontend Developer (New York, NY)Karat Inc. - Operations Support Specialist, Weekends (Remote)Oscar Insurance Corp. - Software Engineer, Data/Systems (Culver City, CA)Time Inc. - Director of Brand Engineering, Lifestyle (New York, NY)Viacom - Product Director, Nickelodeon (New York, NY)Viacom - Software Test Engineer (New York, NY)

Career Facts for the Best Jobs on Wall Street

Career Facts for the Best Jobs on Wall StreetCareer Facts for the Best Jobs on Wall StreetThe best Wall Street jobs arent necessarily on New York Citys Wall Street or even in New York for that matter. The thoroughfare in lower Manhattan is synonymous with the financial industry, but you can find employment in this industry all around the world. If you are looking for a career where the potential to earn a lot of money is high, youve come to the right place. However, ifstability is a priority, this isnt the industry for you. Wall Street jobs are not recession-proof. A struggling economy will negatively impact the financial industry. Unless you are willing to work a lot of overtime, you shouldnt consider a job in this field either. Many other occupations allow you to spend more time away from the office. What Education and Certifications Do Wall Street Jobs Require? To get a Wall Street job, you will have to get at least a Bachelors Degree in a business-related major. Going to busi ness school to earn a Masters in Business Administration (MBA) should be your next step as it will open up many more opportunities and allow you to advance in your career. In addition to a degree, many employers also require, or at least prefer, applicants who have earnedcertification. Among those certifications are CFA (Certified Financial Analyst), CFS (Certified Fund Specialist), CIC (Chartered Investment Counselor), CIMA (Certified Investment Management Analyst), and CMT (Chartered Market Technician). Different organizations provide these credentials and to get them, you must meet specific qualifications including passing examinations. Top Financial Industry Jobs Wall Street employers include investment banks and securities firms. Investment banks work with clients to issue stocks and bonds, collectively called securities. Securities firms sell them or trade them on the market. If you want a Wall Street Job, here are some from which to choose Investment Banker An investm ent banker, sometimes called an investment underwriter, serves as the matchmaker between a business that needs money to operate and investors who have an interest in providing that funding. He or she advises these companies as they issue stocks and bonds for sale to the public. An investment banker also connects companies that want to merge with or acquire another company. This is called mergers and acquisitions or M A. Required EducationBachelors Degree in a business-related subject for entry-level jobs and an MBA for advancement Median Annual Salary (2017)$139,451 (Average Base Salary, Glassdoor.com) Bonuses Number of People Employed (2016)376,000 (includes all type of securities, commodities, and financial services sales Agents) Projected Employment (2026) 399,000 Projected Increase in Jobs (2016-2026) 6 percent Stock Traderor Stock Broker Stock traders and brokers bothfacilitate transactions of stocks- equity in businesses- on behalf of investors. Traders sell stocks they or the securities or brokerage firm for which they work own. Their goal is tomake a profit. Brokers arrange the sale and purchase of stocks between buyers and sellers for a commission. Required EducationBachelors Degree. Business, finance, accounting, and economics courses are recommended. Median Annual Salary (2017)$63,780 Number of People Employed (2016)376,000(includes securities, commodities, and financial services sales agents) Projected Employment (2026)399,000 Projected Increase in Jobs (2016-2026) 6 percent Financial Examiner A financial examiner makes sure banks and other financial institutions comply with the laws that govern them. Required EducationBachelors Degree with courses in finance, economics, and accounting preferred Median Annual Salary (2017)$81,690 Number of People Employed (2016)52,500 Projected Employment (2026)57,600 Projected Increase in Jobs (2016-2026) 10 percent Financial Analyst Alternatively called an investment or security analyst, a financial analyst helps his or her employer or its clients develop investment strategies. He or she gathers facts about a products, industrys, or companys current and historic performance and makes investment recommendations based on this data. Required EducationBachelors Degree in Statistics, Mathematics, Accounting, Finance, or Economics Median Annual Salary (2017)$100,180 Number of People Employed (2016) 71,000 Projected Employment (2026) 79,000 Projected Increase in Jobs (2016-2026) 11 percent Fund Manager A fund manager coordinates the investment strategy for a large pool of assets called a fund. He or she may manage hedge, mutual, trust, or pension funds. Some financial analysts become fund managers. Required EducationMBA Median Annual Salary (2017)$105,610 Number of People Employed (2016)992,000 Projected Employment (2026) Over 1 million Projected Increase in Jobs (2016-2026) 5 to 9 percent Sources Bureau of Labor Statistics, U.S. Department of Labor,Occupational Outlook Handbook. Employment and Training Administration, U.S. Department of Labor,O*NETOnline.Granville, Christina. Broker or Trader Which Career Is Right For You?. Investopedia. February 20, 2018.Fund Manager. Investopedia.

Computer Services Agreement FAQ - United States

Computer Services Agreement FAQ - United StatesComputer Services Agreement FAQ - United StatesComputer Services Agreement BasicsWhy isnt an oral Computer Services Agreement sufficient?The problem with oral agreements is that they are difficult to prove. If a dispute arose, a court would have to hear evidence and decide whose version of the truth to accept. If there is a written agreement, courts will generally be obligated to uphold its terms even if they dont agree with them.What is addressed in a Computer Services Agreement?Computer Services Agreements typically address the following the parties to the agreement the service being offered the term of agreement and the compensation that will be provided to the Computer Services versorger.In addition, Computer Services Agreements may also provide specifics on how confidential information is to be treated upon the Computer Services versorgers termination whether there are limitations on the Computer Services diensts ability to compete with the Customers business upon the Computer Services Providers termination and how disputes between the Customer and Computer Services Provider will be handled.Who are the parties to the Computer Services Agreement?The parties to the Computer Services agreement are the Customer and the Computer Services Provider. The Customer is the individual or business seeking the Computer Services while the Computer Services Provider is the individual or corporation providing the Computer Services. What is the difference between an Employment Contract and a Computer Services Agreement?A Computer Services Agreement is a type of Service Agreement.Computer Services Agreements are used to hire Computer Services Providers or independent contractors, not employees. A Computer Services Agreement is limited to a specific project or time period. Employment Contracts are used to hire employees.What is the difference between an employee and independent contractor?Independent contractors are individuals who provide services for a fee but are not considered to be employees because they work for themselves and do not have an employer. Examples of independent contractors include those who operate their own practice or trade in fields such as plumbing, carpentry or graphic design or in more specialized technical settings such as accounting, engineering or computer programming.The law treats employees and independent contractors differently, but it is not always easy to establish which category an individual falls into. In cases of dispute, courts will determine the appropriate category by examining a number of factors. Some factors will be considered more important than others. Examples of relevant factors are who is providing the tools for the job the level of skill required for the job who controls the work and the work product whether the hired fete must provide oral/written progredienz reports whether the job is performed on the business premises the duration of the relationship be tween the parties the ability to delegate or sub-contract the job of the hired party whether the hired party has discretion over how long and when they work whether any insurance or benefits are provided to the hired party whether the hired partys expenses are reimbursed whether the hired party can realize a profit or loss whether the work is part of the regular business of the hiring party whether the parties have a written agreement defining the status of the hired party the method of payment and the way the hired party is treated by taxing authorities.Is this a Master Service Agreement?No. If you need a Master Service Agreement as well as subordinate agreements, you should consult a lawyer qualified in your jurisdiction.Term of AgreementWhat is the end date of the agreement?The end date is the date when the Computer Services under the agreement are no longer provided or needed.What does notice mean?Notice refers to the amount of time that is provided by one party to another when they wish to end their obligations under the agreement prior to the agreed end date. The purpose of notice is to allow the Computer Services Provider to find other employment or the Customer to find a replacement Computer Services Provider. In most jurisdictions, the law does not offer independent contractors the same minimum notice protection that is typically offered to employees (unless the notice is expressly provided in the agreement). However, courts may award notice (or pay in lieu of notice) to an independent contractor if he/she can show that he/she was economically dependent on the Customer. In those circumstances, courts may impose a reasonable notice period or damages.CompensationHow should the Computer Services Provider be paid?The Computer Services Provider can be paid or compensated in many different ways. If the Computer Services Provider will be paid a certain amount (rate) for each time period, use Hourly, Weekly, Monthly or Yearly as appropriate. If the Computer S ervices Provider is to be paid a certain fixed amount for the complete performance under the agreement, use Fixed Amount. If the Compensation is several payments or involves the trade of services or goods, use Other. If you have a certain rate for the services performed together with additional remuneration, use this question for the basic rate and use the Additional Compensation question to describe the additional compensation.Which currency should I select?Select the form of currency for all monetary amounts (compensation, expenses, etc.) referred to in this agreement.What is additional compensation?Additional compensation refers to any compensation the Computer Services Provider will be paid in addition to the basic compensation specified under the question How will the Computer Services Provider be paid?.What items should be provided to the Computer Services Provider?If the Customer wishes to provide any services, tools, office space, materials, etc. to the Computer Services Pr ovider to perform the services, then the Customer should select Yes to the question Will the Customer be providing anything to the Computer Services Provider? and then describe what he/she is providing.What does Penalties for late payment? mean?This question refers to whether the Customer will be penalized for failing to pay the Computer Services Provider on time. Select Do not specify to not mention whether there will be penalties for late payment. Select No if the Agreement will expressly state that there are no penalties for late payment. Select Yes to be able to expressly state what the penalties will be for late payment.What does Penalties imposed for non-performance of the services in a timely manner? mean?This question refers to whether the Computer Services Provider will be penalized for failing to perform the services on time. Select Do not specify to not mention whether there will be such penalties. Select No if the Agreement will expressly state that there are no such pen alties. Select Yes to be able to expressly state what the penalties will be for failing to perform the services on time.What is a 1099 form?For income tax purposes, fasson W-2 is used to report ordinary employee wages, salary and tips, however, self-employment earnings must also be reported. Form 1099 is used to report self-employed, service related income. Usually the payer will provide a completed Form 1099 to the payment recipient as well as to the IRS. Various kinds of income other than wages and salaries are reported using Form 1099 but the most common use of the Form 1099 is for reporting earnings as an independent contractor.Restrictive CovenantsWhat is a confidentiality clause?The confidentiality clause prevents the Computer Services Provider from using or disclosing the Customers confidential business information to a third party.What is a non-competition clause?The non-competition clause prevents the Computer Services Provider from competing with the Customer.What is a non -solicitation clause?The non-solicitation clause prevents the Computer Services Provider from inducing others to leave the Customers employment.What is the difference between a non-competition clause and a non-solicitation clause?A non-competition clause prevents the Computer Services Provider from unfairly competing with the Customer after the employment is terminated. This means that when the Computer Services Providers work comes to an end, he or she cannot take a job at a business which is in direct competition with the Customer. A non-solicitation clause prevents the Computer Services Provider from inducing other employees or contractors from leaving the Customer or from interfering with the Customers relationship with other employees in general. This means that the Computer Services Provider cannot invite the Customers employees to move with him or her to another workplace. Courts MAY elend enforce a non-competition or non-solicitation clause if clause could be injurious to th e public (e.g. if it could depress the local economy) the clause is broader than necessary to protect the Customer the clause would cause undue hardship on the Computer Services Provider (e.g. it would make it difficult for the Computer Services Provider to find new work) or the clause has unreasonable time and geographic restrictions.What geographic restrictions can the Customer make in the non-competition clause?You can only prevent a Computer Services Provider from engaging in a business that competes with your business within a geographic area large enough to protect your business. The restriction must be reasonable so that the employee is not restricted from engaging in his or her usual trade in an area that could not affect your business.Dispute ResolutionWhat do mediationszeit and arbitration mean?Mediation is a process where an impartial 3rd party or mediator facilitates the negotiation of a settlement between parties to a dispute.Arbitration is a process whereby parties to a dispute mutually agree to an impartial referee who hears and makes a binding decision.Both processes are superior to the court process when there is a long term relationship involved and the survival of the business relationship is desirable. These processes can be less expensive, more expedient, and more efficient than the court process.MiscellaneousWhat is contained in the standard clauses?Our standard clauses are those clauses which are most often included when creating a Computer Services Agreement. Some of the clauses absprache with assignment the capacity of the independent contractor modification of the agreement time being of the essence and severability of invalid or unenforceable clauses.If you dont want all these clauses in your agreement, select No and you can pick and choose which clauses to include.What is meant by Corporation/Organization under the Type of Customer and Type of Service Provider fields?A Corporation is a duly registered corporate entity. An organizati on can be any other type of business entity such as a sole proprietorship, partnership, or a Limited Liability Company. If you are entering the agreement as the representative of a business then you would select the Corporation/Organization option. If you are acting strictly for yourself then select the Individual option.What does the Assignment clause do?The Assignment clause prevents the Computer Services Provider from transferring their rights or responsibilities to another party without the Customers consent.What does the Capacity/Independent Contractor clause do?The Capacity/Independent contractor clause reiterates that the Computer Services Provider is hired as an independent contractor or consultant and not as an employee of the Customer. Note that disguising an employment relationship as an independent contractor in order to avoid having to pay employee benefits like holiday pay, pension, workers compensation and income tax is illegal. A court may find that a work relationsh ip is an employee/employer relationship if the person hired is closely supervised and directed by the hirer. An independent contractor usually provides a skilled service, is paid for a specific result, controls how the services are provided, is free to refuse additional work, and usually bears the cost of repairing faulty work. A court would take all these factors into consideration when deciding if a particular work relationship was a sham contracting arrangement.What does the Modification of Agreement clause do?The Modification of Agreement clause states that any changes to the agreement must be made by written consent of all the parties to the agreement.What does the Time of the Essence clause do?This clause provides that all dates and time limits are strictly enforced.What does the Entire Agreement clause do?The Entire Agreement clause confirms that there are no other provisions or terms outside of this agreement.What does the Severability clause do?The Severability clause decla res that if the courts find that a particular clause of the agreement is invalid or unenforceable, the validity of the remaining provisions of the agreement will not be affected. What does the Return of Property clause do?The Return of Property clause states that the Computer Services Provider will return all property belonging to the Customer upon termination of the Agreement.What does the Limitation of Liability clause do?This clause allows the parties to completely absolve the Computer Services Provider in the event that any losses, damages or any other liabilities arise out of the services provided.Where this clause is selected, the contract cannot also have an indemnification clause.What does the Indemnification clause do?An Indemnification clause is where the Computer Services Provider agrees to pay back the Customer for claims made against the Customer by any third party for any damage or loss arising out of the provision of the services.Where this clause is selected, a limit ation of liability clause cannot be selected.What does the Legal Expenses clause do?The Legal Expenses clause reiterates that legal costs and fees associated with any legal action will be awarded to the successful party.What does the Notice clause do?The Notice clause indicates how all notices under this agreement will be given.What does the Enurement clause do?The Enurement clause declares that any rights and responsibilities of the parties will pass on to their successors.What does the Titles/Headings clause do?The Titles/Headings clause states that the titles/headings of each section are inserted for clarification only and are not for purposes of interpretation. What does the Gender clause do?The Gender clause declares that words in the singular or masculine sense also encompass words in the plural and feminine sense, respectively.What does the Waiver clause do?The Waiver clause states that if one party waives its rights to enforce a breach by another party, this failure to enfor ce its rights will not be held as a waiver of any subsequent breaches.What does the Ownership of Materials clause do?The Ownership of Materials clause declares that materials developed in the course of the services will be the exclusive property of the Customer. The clause further holds that the Computer Services Provider will not be held responsible for damages resulting from the use of the mentioned materials for work other than services contracted for in the agreement.

The Definition and Tracking of Workplace Attendance

The Definition and Tracking of Workplace AttendanceThe Definition and Tracking of Workplace AttendanceTracking your employees attendance is important to your companys bottom line. Attendance is defined, quite simply, as showing up for work, but how can you track every employees attendance? While it may seem like a daunting task, its quite simple if you implement a well-defined policy and a tracking system. In regards to hourly or nonexempt employees, an attendance system clearly defines when employees are supposed to show up for work. This is especially important for nonexempt employees who frequently perform jobs that require another person to be present to serve customers. It is also important for employees who are a part of an automated process that requires a worker to be present at each workstation in bestellung to produce a particular product or a service. In general, attendance policies exist because of these kinds of workers. They do not exist for the sake of exempt employees . Attendance is also used to define the number of persons present on a particular day and most frequently refers to employees who are paid hourly. Present at Work and the HR Department Attendance is also referred to as present at work or presenteeism. For example, an HR department may make notes in an employees personnel file or in a companys assessment of its workplace challenges or goals. Examples of presenteeism notes kept by HR include Rob had a wonderful work attendance record he rarely missed a day of work.Mary has a challenge with attendance and arrives late to work at least two days a week.The attendance on first shift averaged only 75 percent on Mondays because employees were recovering from their weekend fun.Obtaining qualified employees who want to work a second shift with good attendance is challenging. Employees prefer to work days as opposed to working nights or, they prefer to work the midnight shift so that they have their days free. Second shifts cut into employ ees free time in both days and nights. What is an Attendance Policy? Simply put, an attendance policy provides the guidelines and expectations for employee attendance at work as defined, written, disseminated, and implemented by an organization. Attendance policies exist most frequently for hourly or nonexempt employees for whom an organization must generally track hours and pay for overtime exceeding 40 hours a week. Time-at-work record keeping is required by the Fair Labor Standards Act (FLSA)which governs the payment of overtime. Additionally, employees for whom attendance is tracked often perform jobs that depend on other employees being in attendance. Such jobs include production line work in a manufacturing facility. An attendance policy is sometimes used interchangeably with an absenteeism policy. However, an attendance policy is much more narrowly defined and limited to attendance, as opposed to absenteeism policies which address absenteeism management issues. A Samp le No-Fault Attendance ordnungsprinzip A No-Fault Point System is one example of an effective attendance policy. The goal of this system is to reward good attendance and eliminate the employment of people with poor attendance records. Because it uses a point systemand does not excuse absencesit leaves managers and supervisors out of the role of judge and jury. It is an objective system that places accountability and responsibility for attendance on the shoulder of the employee which is where it ought to be. In a no-fault attendance system, absences may be recorded using this system Each absence 1 point (no multi-day occurrences)Each late-in (tardy) or early-out 1/2 pointEach no-show for work 2 pointsEach return with no prior call 1 pointEach absence-free quarter eliminates all points and rewards the employee with a day off with pay.Each employee starts fresh, with no points, each year. Progressive disciplinary action accompanies a no-fault attendance system.If an employee earns a certain amount of points, they receive a warning that progressively worsens. A system such as this allows both the employer and employee to know exactly what the consequences will be for poor attendance. 7 points verbal warning8 points written warning9 points 3 day suspension10 points termination Its important to get your employees on-track with adetailed attendance policythat includes rewards and penalties for hourly employee attendance.