• Economics

    Benefits of Outsourcing Payroll Services

    Payroll is very important for every business that is why a lot of companies have started giving the payroll outsourcing companies in Dubai. It is basically the process of keeping everything under control. This is the method of not only rewarding the employees but also retaining them in the best possible manner. If your payroll is not accurate, you will not be able to satisfy your employees.

    Satisfying the employees should be the priority of the company or else the company would not be able to operate itself in a good way.

    No mistakes can be tolerated!

    No mistakes can be tolerated on a business level, none of the mistakes can be assisted. If someone makes a simple mistake, a lot of things get messed up because of them. that is why there should be no mistakes at all. it is to be noted here that we are not just talking about the mistakes that occur in the calculations. We are talking about all the other related things as well which may include the tax codes and other payroll regulation. If someone makes any mistake regarding them, things can become difficult to handle. This is why it is said that there are no chances of the mistakes.

    If you decide to outsource your payroll, you will get a lot of benefits.

    Here are the benefits of the outsourcing of payroll;

    Time-saving

    When you outsource your payroll, you get to save a lot of your time. When the company does the handling of the payroll internally, it takes a lot of their time because the handling of the payroll doesn’t just require time but also a lot of attention and hard work. Payroll requires a lot of efforts because of its complexity. That is why it is better to outsource the payroll rather than handling it internally.

    Low cost

    Calculating the employees pay, working hours, taxes, sick leaves and much more is not easy to handle. It requires time and money. You must be thinking how does it take away the money. Well, when a worker serves time in the payroll handling, he gives his time and a lot of resources like electricity and other stuff of the company gets wasted as well. when the companies outsource their payroll, they get to save such stuff from their company. So, the overall cost gets reduced due to outsourcing.

    Data security

    Your data is kept confidential and it is protected as well. when you handle payroll internally, there are a lot of chances of theft. When you outsource, the chances of theft are reduced to a great level.

    Tax compliance

    The experts know how to deal with the tax. You might not be capable enough to deal with the tax in your payroll but the experts would be able to do it with great ease and accuracy. That is why it is better to outsource.

    Worry-free payroll

    When the company gets the services of payroll without any stress and exertion, all of their worries regarding payroll disappears.

  • General Article

    4 ASO Tips You Should Try for Higher App Downloads

    The mobile app industry is growing exponentially, with no sign of getting slowing down. This has created a huge opportunity for the mobile app developers and business leaders to launch their app and gain higher ROI. However, there is a darker side of the industry as well.

    If you dig deeper into the mobile industry, you will find that there are a surplus of apps that are still waiting for their first download. The users are unaware of their existence, and thus, they are no lesser than a piece of trash.

    Sounds alarming? Wondering what if your mobile app also add to this list? Eager to know how to make your app discoverable to your target users? While there are various ways, the most effective method is ASO marketing.

    ASO (App Store Optimization)

    ASO, in a layman’s language, is the process of optimizing your mobile app page such that it ranks higher in the app store search results. This eventually means higher probability to get your app discovered.

    The process of ASO marketing, according to the mobility experts, is so effective that about 65% of mobile apps get discoverable only by focusing on this factors. Sounds cool? Want to know how to do ASO marketing the right way?

    Effective ASO Tips for Higher App Downloads
    Here are some of the useful ASO tips every mobile app development agency should practice to drive higher traffic on their app and thus, enjoy app success.

    1. Focus on Keywords
      Keywords are the foundation for success in the App Store. If you do not add relatable keywords to your app page, the App Store algorithm won’t be able to notice your page and show in the search result. Thus, your mobile app will go unnoticeable.
      So, the very first thing is to focus on the keywords. Understand the basic of your app and create keywords. According to the top mobile app development agency, doing a competitive analysis so as to determine what kind of keywords are they using for a higher ranking is also beneficial. Based on the insights gained, build your keyword list and execute them. Add keywords to all the content type (title, description, etc.). Also, prevent adding keywords that are not related to your app services.
    2. Add Images and Videos
      The images and videos you upload to your app store page not only makes your mobile app page look attractive. But, also share meaningful information with it. These visual content helps the end users to better understand the features and functionalities of the mobile app, and thus make their mind regarding app download.
      When talking about images and video submission, you should always focus on the quality of image/video you are sharing. Also, you should ensure that the most effective image/video holds the very first position since the target audience hardly checks 3-4 images/videos while surfing on an app page.
    3. Localize your app

      From Clash of Clans to Evernote, various mobile applications have proved that investing in app localization improves the app discovery rate. This is because the majority of popularity across the globe are non-English users. In such a scenario, making your mobile app available in other spoken languages is an advantage.As per the reputed mobile app development agency, app localization can increase the conversion rates by 200%. So, invest your efforts into this technique.

    4. Encourage In-App Reviews and Ratings

      Last but not the least, prompting your audience to give ratings to your app, or sharing their feedback is also a healthy practice. Since the end users always check the reviews before downloading any application, the availability of higher ratings and reviews will be a plus point to your app. Apart from this, the App Store (and Play Store) also consider the reviews and ratings in their search results. So, look forward to this.
      But, do not compel your audience to add reviews and give ratings. Plan such that they share their feedback when they had completed any transaction/task on your application. Otherwise, they will leave a negative review, which will abruptly affect your app ranking.

    Have you tried these ASO tips? Want to know more? Discuss with the best mobile app development agency.

  • Business Plan

    7 Things to Consider Before Embarking on a New Business Venture

     

    What you need to know before Starting a Business

    Starting a business can be both exciting and daunting. While the prospect of working for yourself is certainly appealing, getting a new venture off the ground can prove very challenging. Here are a few important things to consider when you’re making the leap from employee to employer.

    Knowledge and passion

    In order to start a successful business, the industry you choose has to be one you are familiar with. It’s worth spending time getting experience and training before going it alone, as it’ll give you the opportunity to get to know the markets, the competitors and more.

    You’ll also need passion. Starting a business can be a slog, there are no two ways about it. So being enthusiastic and ready to go out and get business is important. So is the ability to bounce back when things don’t quite go to plan.

    Market research

    Knowing your audience and the specific challenges or demands they face is key to being able to sell your product or service. Look at reviews of similar products or services to find out where you can improve upon them to meet customer needs, or conduct surveys to discover how your offering can fill a gap in the market.

    Location

    For some businesses, being in the right location can make all the difference to success. Consider issues such as the amount of traffic around the location – do you need footfall to make your idea work? You may also need to assess the proximity of suppliers or raw materials, the availability of labour and location security.

    Competitor research and USP

    So often, business owners can’t answer the question, ‘What is your unique selling point?’ Before embarking on your business venture, it’s important to thoroughly research your future competitors and the products and services they offer. You then need to determine how your business will be different from theirs. Are you targeting a more selective audience? Is your product more affordable than competitors’? Establishing your USP early on will help you formulate a marketing plan when you launch.

    Funding

    Often businesses have to close down due to lack of funding, so be conservative when calculating finances. Costs may include workshop and office space, labour, internet and phone line services, insurance and more. Bear in mind that it can take time to build up a big enough client base to pay all the bills, so think carefully about how to stay on top of cash flow management.

    Skills

    Being realistic about your personal strengths and weaknesses, as well as those of your product or service, will ensure that you get the right help where it’s needed. You may, for example, be great at idea generation, but not so good with finances, so make honest decisions about what you can do and what you need to outsource.

    Planning

    Although it may seem like a fruitless effort, creating a business plan can actually help to give you direction when you start out. Have a summary of what your business is about, a set of achievable goals, a financial plan and a rough pitch ready – even if you don’t consult it later on, it will help you get your thoughts in order, and you may need it if you’re seeking funding.

    Start your business successfully

    When embarking on a new business venture it is always good idea to seek advice from a financial advisor or expert tax advisor,  as they can help you handle the financial challenges of setting up a business.

     

  • General Article

    About Life Insurance Corporation of India

    Life Insurance Corporation of India (LIC) is a household name today. This state-owned investment and insurance company is headquartered in Mumbai. Boasting of an estimated asset value of INR 25,29,390 crore or USD 370 billion, it is the largest Indian insurance company with numerous insurance products and offers on its cards.

    The Life Insurance Corporation was founded in the year 1956 when more than 245 provident societies and insurance companies were merged to form the state-owned organisation. If you are on the lookout for a reliable life insurance company with a variety of products, then LIC provides you with the perfect ones.

    Through this article, we aim to throw light on the different plans offered by the Life Insurance Corporation of India. Take a look.

    Different Plans offered by Life Insurance Corporation of India

    Insurance broker and comparison portals of the likes of Coverfox.com are flush with different kinds of plans by the Life Insurance Corporation of India. You may want to assess your needs and budgetary restraints before taking the plunge.

    LIC Endowment Plans

    LIC’s New Jeevan Rakshak

    This endowment non-linked non-participating policy comprises of a combination between protection and savings. Along with maturity and death benefits, you get to avail loan facilities against the policy as well.

    New Jeevan Anand

    With either twice the premiums or 125% of sum assured as returns, this Life Insurance Corporation plan provides optimum death benefits. The maturity benefits so provided can be used for attaining different goals.

    LIC’s Jeevan Labh, Jeevan Pragati, Jeevan Lakshya, etc. are the other oft-purchased endowment plans that you may like to research upon before freezing your buy.

    Money Back Plans by LIC

    LIC’s New Children’s Money Back Plan

    This 20-year money back policy features death benefits, maturity benefits, survival benefits, and optional benefits alike. It is in the nature of a participating policy which allows you to enjoy reversionary bonuses from LIC through your participation in the company’s profits.

    The New Money Back Plan, New Bima Bachat Plan, LIC’s Jeevan Tarun, Bima Diamond by LIC are other important policies from Life Insurance Corporation that are designed to serve your needs and plans.

    LIC Term Assurance Plans

    LIC’s Anmol Jeevan II, LIC’s Amulya Jeevan II and LIC’s e-Term are the three plans in the pure term insurance category.

    Anmol Jeevan II

    This revised protection plan by Life Insurance Corporation offers monetary protection to your loved ones in the event of your unfortunate demise.

    Amulya Jeevan II

    This minimal and basic term insurance plan aims to benefit your long-term investment plans via regular benefits.

    e-Term

    The online term plan is a non-participating regular online term assurance policy that will provide financial security to your family members when you are no more.

    LIC ULIP Plans

    LIC’s New Endowment Plus is an endowment plan that also features the attributes of a linked product. This plan by Life Insurance Corporation will provide you with more tax savings along with ensuring the financial security of your loved ones after your demise. As it is a linked plan, the regular benefits of this product will give you a chance to make investments along with insurance.

    LIC Pension Plans

    New Jeevan Nidhi and Jeevan Akshay are the two pension plans on offer by Life Insurance Corporation. These LIC plans have several benefits on their cards along with complete life cover. They are known to provide stable income flows in the form of annuities via your investment.

    The Best Insurance Plans by Life Insurance Corporation

    Along with the above-mentioned types of Life Insurance Corporation plans, there are LIC Micro Insurance Plans like New Jeevan Mangal Plan and Bhagya Lakshmi that you may want to choose from. There are certain group plans as well that are worth a look for their many benefits and features.

    The best insurance plans by Life Insurance Corporation are known to provide high coverage at affordable premiums. All that you need to do is compare the various features, benefits, inclusions, exclusions, terms, and conditions of the plans that meet up with your needs before going ahead with your purchase.

    Way Forward

    Log on to Coverfox.com to compare and buy the best plans for your needs. Once you have shortlisted the best Life Insurance Corporation plans, use smart and easy-to-use online premium calculation and insurance comparison tools to facilitate your buy.

    Make your payment through reliable and seamless online payment channels to complete the process – you will be glad to see the results that come your way.

  • Economics

    Tips To Get Cash Loans to Improve Your Financial Properly

    There are many way to ensure that you are meeting the end of the month, especially in term of financial. However, one of the best ways for your specific financial need and also a short term solution is a personal loan. You can get loans especially personal loans from a bank, credit union or other traditional lending institutions. I recommend you to check term and agreement to ensure you check Philippe Hancock for more information about how to manage your cash properly. However, you may need to pay back the money over a fixed period of time at a given interest rate according to your credit score. Today, I will provide you a step by step guide on how to apply for personal loans in easy ways.

    The first step is making sure to determine the amount of money you need to borrow. You will need to assess your current financial conditions and ensure that you are borrowing only the amount you need. Make sure to calculate the interest and other fees to determine how much money you can afford. This way, you will be able to pay the money back comfortably.

    The next step is filling out the application of personal loans. You will need to provide your name, address, date of birth and social security number and other specifications. You also need to specify the amount of money you want to borrow and the purpose of your personal loans.

    The next step is prepared another documentation and requirement from bank or lending institutions. Generally, you will need to provide your bank account records, employment information, tax returns, and other financial documents that prove that you have the capability to pay back the debt properly in the future.

    The next step is submitted your application and check whether your application is approved or not. The decision whether you are approved to get the personal loans will be up to the specific requirements from the bank or other lending institutions. However, generally you will need to provide a good credit score to ensure that you are getting approval properly.

    The next step is ensure that you are getting a good report and checks your credit report. This way, you will be able to know whether the lending institutions or bank are approving your loan request or not. Check your credit reports and ensure that your credit report is free from errors. If you are unsure, you can call financial expert through Philippe Hancock google+.

    Alternatively, you can consider using your credit card. Credit Card Company will provide you with personal loan in the form of convenience check or card. You don’t need to apply every time you need to loan some money. However, there is limit for the amount of money you can loan from your credit card. Generally, the terms and initial rate of credit card are low. However, check the additional fees to ensure that you are not spending too much money using your credit card.

    However, there are other ways to get loans from other lending institutions. There are payday loans and other type of loans you can choose. Every one of them is providing you cash in different manner, make sure to check each of them. At last, check Philippe Hancock Moneyhouse profile to get the best consultation about financial problem.