Financial

Best Practices for External Risk Management
Company Business

Best Practices for External Risk Management

- by Benny McAdams

External risk management is the practice of identifying, assessing, and mitigating external threats that might negatively impact an organisation’s operations. In today’s globalised economy, these risks can emerge from a variety of sources: natural disasters, geopolitical shifts, and technological disruptions, to name a few. Proactively managing these threats helps ensure that a company can weather unexpected storms and remain competitive. Let’s delve into some best practices that can fortify your external risk management strategy.

1. Regularly Identify and Assess External Risks

Stay Updated: To safeguard against unforeseen external risks, you must first be aware of them. This means consistently monitoring news outlets, industry reports, and global events. Updated knowledge enables you to anticipate threats before they happen.

Use Technology: Leverage analytical and AI-driven tools that scan the environment for potential risks. These tools can help you pick up on patterns and trends that might signal a future threat.

2. Diversify

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Why You Should Get Your Custom Checks Here at Walmart
Company Business

Why You Should Get Your Custom Checks Here at Walmart

- by Benny McAdams

While most consumers order their checks directly from their banks, Walmart has a large selection of personal and business checks. These include high-security options backed by CheckSafe, which provides fraud specialists who work with financial institutions and merchants to resolve issues.

You can get your custom checks here online; they come in various styles and designs. You can add accessories like deposit tickets, checkbook covers, and address labels.

Easy to Order

Many people are under the impression that checks are outdated and unnecessary, but they are still an essential method of payment. Many retailers offer various options for purchasing business or personal checks online. You can buy them from several companies that specialize in printing checks, as well as from reputable banks. The process is easy; you can find various designs and features to meet your needs.

Walmart, for example, has a variety of different check designs, including ones that …

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5 Things to Expect from Your Payroll Service Provider
Company Business

5 Things to Expect from Your Payroll Service Provider

- by Benny McAdams

If you are in the human resource department or run a HR firm, you are probably familiar with endless demands of payroll management.
Making sure every worker is paid accordingly and on time, as well as handling paid leave and tax deductions, is no easy task for any company. And with the rising number of companies and countries opting to implement remote work, managing payroll across multiple locations has become increasingly difficult.

Time is money in the world we live in, and no company wishes to utilize crucial resources to make sure these processes are done in the right manner. However, failing to do so isn’t an option, with many regulators imposing tougher financial and employment laws each year.

So, what’s the best solution?

For many companies, the solution is to hire a professional payroll service provider. But what is the work of a payroll service provider, and what should …

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What is a Business Week?
Business Week

What is a Business Week?

- by Benny McAdams

If you’re wondering “What is a Business Week?” then you’ve come to the right place. These days are from Monday to Friday and may vary slightly from country to country. In a nutshell, Business Week helps you get a head start on the career world by promoting your small business during this time. While the definition of a Business Day may differ, there are several things that are universally the same.

Business days are days from Monday to Friday

Business days are the weekdays from Monday to Friday, excluding public holidays and weekends. In the United States, a business day is considered to be Monday through Friday, from 9 a.m. to 5 p.m. local time. Counting business days is the most common way to calculate the number of days in a week. However, it is important to remember that the day of the week is not the same everywhere. Some …

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How to Avoid Paying Worker's Compensation
Insurance

How to Avoid Paying Worker’s Compensation

- by Benny McAdams

Employers can avoid paying workers’ compensation insurance by forcing injured employees to return to work after being out injured. Although an employer may say the injured worker won’t have to perform their regular duties, an injury sustained during employment will likely result in a worse condition. Moreover, they may offer regular wages, which are not enough to cover the cost of future medical care. In addition, regular wages do not protect the injured employee from termination, and the employer may even threaten to terminate the employee unless they give up.

Can an employer stop paying workers’ compensation?

Can an employer stop paying workers’ compensation if you’re injured at work? There are two common situations when an injured worker can be fired and no longer receive compensation benefits. When an employer wants to stop paying benefits, they must provide the injured worker with a Notice of Suspension. If the injured worker …

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