10 17 2014

10 17 2014

Boosting Business Through Employee Engagement

A business capital loan can help owners improve their small business. However, having engaged employees who are giving their all can be just as beneficial.

Unfortunately, a recent study from Deloitte showed that up to 88 percent of America’s workforce is not passionate about their work, and this is resulting in less hard work.

“In a world of mounting performance pressure, companies need to find ways to accelerate performance improvement on a sustained basis,” John Hagel, director of Deloitte Consulting, said in a media release. “CEOs need to move beyond short-term solutions that offer one-time performance bumps including giving a bonus or implementing an employee engagement program. Instead, leaders should focus on identifying and cultivating the untapped talent of their existing workers to achieve a longer term performance improvement. The fact that passion levels are so low in the workforce should be a wake-up call to senior executives.”

Of course, it’s not just senior executives who should be concerned about employee engagement. Small businesses that rely on a limited workforce need to make sure each one of their employees is contributing to the organization’s success.

And the problem surrounding employee engagement isn’t a new issue. The 2013 State of the American Workplace report from Gallup found of approximately 100 million people in America who hold full-time jobs, only 30 percent are engaged and inspired to work.

“At the other end of the spectrum are roughly 20 million (20 percent) employees who are actively disengaged,” the report stated. “These employees, who have bosses from hell that make them miserable, roam the halls spreading discontent. The other 50 million (50 percent) American workers are not engaged. They’re just kind of present, but not inspired by their work or their managers.”

Employee disengagement can not only make for a poor workplace environment, it can lead to bad customer service and a decrease in revenue. For owners considering a small business loan, it’s important to make sure everyone involved with the business is on board and dedicated to achieving success.

Improving employee attitude

While some small business owners may think a raise or bonus is the only way to inspire employees, data shows many bosses are turning to more flexible worker duties as a way to boost employee passion. Expanding worker job descriptions and giving employees a chance to try new things was shown to boost passion for the job.

“The key message from our work is that workers of all types and in all locations have the potential to be passionate – it’s not limited to a privileged few,” Hagel continued. “Rather than just focusing on recruiting more passionate workers, the big opportunity is to look at the existing workforce and create environments that can tap into, nurture and amplify the passion of every worker already on the job.”

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General Acceptance

Any applications submitted electronically shall have the same force and effect as if the application bore an inked original signature(s). The above information, together with any accompanying financial statements, schedules, or other materials, is submitted for the purpose of obtaining credit and is warranted to be true, correct, and complete.

 

US Patriot Act:

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person and business that seeks a business loan. What this means for you: When you apply for a loan, we will ask for your business name, address, and Tax Identification Number. We will also ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

 

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The Merchant and Owner(s)/Officer(s) identified in the application (individually, an “Applicant”) each represents, acknowledges and agrees that (1) all information and documents provided to National Funding, Inc. (“NF”) including credit card processor statements are true, accurate and complete, (2) Applicant will immediately notify NF of any change in such information or financial condition, (3) Applicant authorizes NF to disclose all information and documents that NF may obtain including credit reports to other persons or entities (collectively, “Assignees”) that may be involved with or acquire commercial loans having daily repayment features and/or Merchant Cash Advance transactions, including without limitation the application therefor (collectively, “Transactions”) and each Assignee is authorized to use such information and documents, and share such information and documents with other Assignees, in connection with potential Transactions, (4) each Assignee will rely upon the accuracy and completeness of such information and documents, (5) NF, Assignees, and each of their representatives, successors, assigns and designees (collectively, “Recipients”) are authorized to request and receive any investigative reports, credit reports, statements from creditors or financial institutions, verification of information, or any other information that a Recipient deems necessary, (6) Applicant waives and releases any claims against Recipients and any information-providers arising from any act or omission relating to the requesting, receiving or release of information, and (7) each Owner/Officer represents that he or she is authorized to sign this form on behalf of Merchant.(8) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (9) this request is for business and not for consumer purposes.

 

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I hereby certify: (1) the information provided is true and correct, (2) you are hereby authorized to investigate all bank, credit, and trade references, and said references are hereby authorized to release any requested information to you or your nominee, (3) such authorization shall extend to obtaining personal credit profile in considering this application and subsequently for the purposes of update, renewal or extension of such credit or additional credit and for reviewing or collecting the resulting account, (4) this information may be transmitted by us to you and by you to underwriter(s) for the purpose of granting me credit, either electronically or manually, and that by submitting this application, I take full responsibility for transmission thereof, (5) I am over 18 years of age, (6) I acknowledge my rights under the Fair Credit Reporting Act, (7) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (8) this request is for business and not for consumer purposes.

 

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