What Does Business Law State about Monitoring Employees?

Published on: 29 January 2016 Last Updated on: 09 August 2019

Occasionally, we come across many individuals that are conflicted about the role monitoring applications have to play in the day to day office routines and activities. The most common question asked deals with the boundaries and limits that are “bendable” with the installment of monitoring applications. And the answer is simple; monitoring applications and software programs are legal and frequently advised to be installed in any firm or company. Here is why.

Legal but…

Monitoring or spy applications are legal in any court of law across the world. However, there are some regulations that need to be upheld by the employers’ side before installing monitoring software around the company premises. These guidelines include:

Informing Employees Beforehand

When it comes to employee monitoring applications, every court of law strictly states that the employees should be clearly notified about being monitored. The best way to accomplish this is via policies and guidelines that should be always kept on display within office premises. These guidelines should clearly explain every element of the employee monitoring intervention put forth by the company. Moreover, even when the firm decides to take on new employees, they should adjust a clause in the contract which makes it mandatory for every person being hired to sign a nondisclosure stating that they are alright with being monitored on company-related matters.

Only Limited to Company Owned Gadgets

Monitoring software programs tend to give employers an unwarranted power over the employees. And to protect the employee’s interests, legal guidelines regarding monitoring apps clearly state that the spying should be only limited to company-owned gadgets. This means that every information coming in and going out through the company-owned gadgets are company property. The guidelines placed around the office premises should also clearly pinpoint this clause so that it poses as a reminder at all times. Furthermore, it is also recommended that the employers get their employees to sign a nondisclosure agreement that clearly states that all information on the company owned gadgets is company property. This means it can be used by the company in court if need be as well.

Using Reliable Technological Sources

When another’s a source of income and image in the business world is on the line, it is always best to be careful and use reliable technological sources and software programs rather than the usual cheap ones. The expensive yet well-reputed ones can be easily programmed and altered according to the specific needs of the company, hence always used for easy access and usage.

Balancing is key

Putting so many restrictions and highlighting many stingy clauses regarding monitoring applications like TheOneSpy mobile spy software around the office can definitely scare an employee and hence hinder their overall productivity. This is primarily due to the lack of rapport that should be there between the employee and employer to help increase profits as employee motivation grows. Therefore, it is always recommended by experts to use a system that is similar to a token economy where the employees are given some leeway and flexibility in some areas while at the same time restricted in some too. For example, allowing them access to specific social media sites during a few designated hours of the day.

Never Resort to Open Slander

It is never healthy to insult or accuse an employee openly among their peers. And with monitoring applications installed, there will be many times that the system may show you red flags which in reality are nothing but some mishap with the coding of the monitoring application itself. Therefore, rather than losing your cool and openly slandering a perfectly loyal employee, it is always best to take them aside or discreetly conduct a further investigation either with their knowledge of it or without it. This is because an employee can otherwise sue you for slandering their image followed by wrongful termination which would prove bad for your company’s image.

The law about monitoring applications is specifically made to protect both the employees as well as the employers in case of any mishap or misunderstanding between the two parties. While it may look like the employers have all the power with monitoring applications installed, but in reality, analysis has shown that monitoring applications have been found to be more useful to employees. For example, if an employee faces discrimination at the hands of another employee or employer, they can use the backup made by monitoring applications to highlight the wrongful act in court.

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How To Sell A Small Business Without A Broker

Once you’re ready to sell your small business, hiring a business broker tops your list. An article from this perfectly defines the role of business brokers that is to act as “intermediaries between buyers and sellers of a business”. They are the equivalent of real estate brokers or agents who sell properties on behalf of property owners. Business brokers manage everything necessary to sell your small business, from planning to marketing to closing the deal. Some even assist during the transition process. Considering such an enormous task, enlisting a broker may seem the easiest and most convenient thing to do. However, their service comes with an outrageous fee, usually around 10% commission from the sale. This is certainly a huge cut from your profits. If you want to retain the full profit from the sale, you can opt to sell your small business sans middlemen. This is an excellent choice especially if you have previous experience selling a business, you know of prospective buyers, or you’re not in a hurry to sell-off. However, when you decide to sell your business on your own, you have to be ready for a tedious legwork. So, how do you go about the sale? Know your reason for selling the small business According to a business broker, the first thing that a buyer would want to know is why a business is being sold. For a business to attract a potential buyer, you need to have a good reason. Some of the common reasons are retirement, sudden changes in personal circumstances, illness or death, boredom, partnership disputes, and burnout. Prospective buyers find these as ‘attractive’ reasons to buy a business. It may be harder to sell a business if you tell the buyer that you’re selling the business due to its sorry financial state, persistent losses, lack of manpower, and changing market conditions and trends. Make your business easily marketable by timing your sale properly. Show positive attributes to make it more marketable such as a strong customer base, increased profitability, consistent good financials, well-defined business processes, and a good contract. Plan your sale Prepare your business at least two years ahead of the sale, especially if you won’t enlist a broker. Have an ample amount of time to improve your client base, business structure, and financial records. This will help improve the value of your business and make it more attractive to buyers. This should also help ease the transition process. Get your business appraised Once you’re ready to sell, you need to decide on the worth of your business. It is best to work with a professional business appraiser to get a proper valuation. Often, business owners become illogical when it comes to evaluating their own business. Some price is too low in an attempt to make it more marketable but end up losing on potential profit. Others price it too high hence making it unattractive to potential buyers. A business appraiser will evaluate your business to determine its worth. He then prepares a detailed explanation to give credibility to the proposed price. Prepare all documents Give time in preparing the design or sales package for your business. This document represents your business in the best possible light to potential buyers. It should include financial, operational and marketing information. If you are not comfortable with your communication skills, you can enlist the help of professional business writers. Financial documents are an important part of the sale process. Gather your books of account, financial statements, and tax returns for the past four years. Review these documents with an accountant. In addition, develop a list of assets that are being sold along with the business. Include other necessary documents such as lease agreements, supplier contracts, and contact lists. Prepare an information packet or operating manual that provides an overview of your business processes. In addition, you want to add photographs of your business, testimonials, case studies, and customer profiles. Highlight accomplishments and milestones to make it more marketable and command better-asking price. Prepare your business on-site Alongside the documentary preparations, you should also make your business site presentable. Check your physical store, production site, warehouse, and other related locations. You might need to have some areas repainted or redeveloped. Check if equipment or machinery needs to be replaced or fixed before the sale. Investing in such developments can help improve the asking price. It might sound cliché but first impressions last. An unkempt and dilapidated business site might turn off a potential buyer. It pays to invest in your physical asset as soon as you decide to sell on your own. Look for a buyer to sell your small business Finding a buyer is difficult, but it becomes doubly challenging if you don’t have a business broker. Unless you have a ready buyer, it may take several months to years before you can find the right buyer. The advantage of hiring a business broker is that they have wide networks and established marketing methods. If you are working solo, you will need to compensate for these services. There are listing sites dedicated to businesses-on-sale. You only need to pay a one-time fee and your business becomes available to potential buyers. You can also tap your networks. Perhaps, a friend or an acquaintance (or someone they know) is planning to buy a business. You can check your local business clubs or chambers. Visit online forums and social networks. Don’t limit your advertising methods. Final Thoughts As you can see, if you sell your small business without a broker is possible. It can even be advantageous if you play an active role in the sales and negotiation process. Quite obviously, business owners are more passionate to sell their business to the right buyers. Of course, you just have to remain rational and avoid getting your emotions to affect your decisions. As a final caution, if you have no experience selling and buying a business, you should consider working with a business broker or someone who has experience in this field. Better yet, you can check with your local chamber of commerce for assistance and counseling. Read Also: How to Boost Traffic to your Small Business Cost Effective Custom Mobile Accessories Packaging for your Small Business How To Empower Your Small Business through Digital Marketing? 4 Simple And Cheap Methods To Attract More Customers For Your Small Business

From Dreams To Reality: A Comprehensive Beginner’s Guide On How To Buy A Farm

Acquiring your very own farm is a significant entrepreneurial venture that involves obtaining an existing business entity to bring your dreams of ownership and management to life. This intricate process requires a well-structured approach, thorough research, financial prudence, and adept negotiation skills. The journey to buy a farm starts by identifying the right opportunity, which means evaluating industries, markets, and sectors that align with your expertise, interests, and long-term objectives. If you're serious about acquiring a business like this, you should look up farms for sale Ontario. This phase requires meticulous due diligence to assess potential risks, opportunities, and the overall health of the target farm. This analysis encompasses a close examination of financial records, operational procedures, market positioning, and customer base, as well as legal and regulatory considerations. A critical aspect of this decision-making process is conducting a comprehensive financial assessment. Scrutinizing the farm's financial statements offers valuable insights into its revenue streams, expenses, profitability, and growth potential. This evaluation aids potential buyers in gauging the farm's financial stability and sustainability, which is crucial for making a well-informed investment decision. The art of negotiation plays a pivotal role in shaping the purchase terms. Effective negotiations encompass discussions about the purchase price, and payment arrangements, including assets, liabilities, and any necessary contingencies. The aim is to strike a balance that ensures a fair deal for both parties while safeguarding the buyer's interests. Securing financing, if necessary, is a vital step in the acquisition process. Buyers can explore various funding sources, such as personal savings, bank loans, venture capital, or even seller financing. It is essential that the chosen financing structure aligns with the buyer's financial capacity and the farm's potential returns to ensure a successful acquisition. The final steps of the transaction involve creating legal agreements and documents that outline the terms and conditions of the purchase. Legal professionals play a crucial role in ensuring the sale's legality and protecting the interests of all parties involved.Acquiring your own farm from the available farms for sale presents a multitude of advantages. It serves as a canvas for manifesting your entrepreneurial spirit, allowing you to harness your expertise, insights, and aspirations to navigate the farm toward expansion and success. When you secure an existing farm, you frequently gain access to a well-established clientele, a functional operational structure, and even a potentially familiar brand, effectively lessening the obstacles commonly linked with commencing from square one. However, it is important to recognize that acquiring a farm also comes with its own set of obstacles and uncertainties. The buyer must be prepared to address potential operational issues, adapt to a new business environment, and navigate unforeseen challenges that may arise during the transition. In conclusion, buying your own farm is a multifaceted yet rewarding endeavor that demands meticulous planning, thorough due diligence, skillful negotiation, and a strategic financial approach. Successfully acquiring an established farm provides the avenue for realizing your entrepreneurial dreams, achieving financial growth, and turning your aspirations of farm ownership into reality. Here Are Twelve Crucial Ideas To Buy A Farm Rest assured, this comprehensive guide is here to walk you through the process step by step, guiding you as you transform your dream of owning a farm into a tangible and fulfilling reality. 1. Define Your Farming Vision and Goals The first step on this transformative journey is to define your farming vision and goals. Reflect on the type of farming experience you envision – whether it's cultivating crops, raising livestock, or a combination of both. Consider your long-term goals, such as sustainability, self-sufficiency, or generating income. This clarity will serve as the guiding light throughout your farm-buying journey. 2. Assess Your Budget and Financing Options Before delving into the realm of farms for sale, it's imperative to assess your budget. Farm ownership comes with a range of expenses, including the purchase price, operational costs, maintenance, and improvements. Research financing options tailored to agricultural properties and engage with lenders experienced in farm transactions to secure a suitable financing arrangement. 3. Research Ideal Farm Locations The location of your farm plays a pivotal role in its success. Research potential areas based on climate, soil quality, water availability, and proximity to markets. Each geographic region has its unique advantages and challenges for farming. Explore different options to find the location that aligns with your farming goals and preferences. 4. Understand Zoning and Regulations Farms are subject to various zoning regulations and land use restrictions. Familiarize yourself with local zoning laws, agricultural designations, and environmental regulations that could impact your farming activities. Ensure that the farm properties you consider are zoned appropriately for your intended agricultural pursuits. 5. Engage Real Estate Experts Navigating the complex landscape of farm real estate requires expert guidance. Enlist the services of real estate agents and professionals experienced in agricultural transactions. Their insights into market trends, property valuations, and negotiation tactics will be invaluable as you explore farms for sale. 6. Evaluate Farm Properties As you embark on property visits, carefully evaluate potential farms. Consider factors such as land size, topography, soil quality, infrastructure, and existing structures. Analyze the farm's potential for your intended farming activities and assess whether it aligns with your vision. 7. Conduct Thorough Due Diligence Thorough due diligence is essential before finalizing a farm purchase. Verify property boundaries, survey records, water rights, easements, and any existing liens. Engage professionals, such as land surveyors and attorneys, to ensure a comprehensive understanding of the property's legal and physical attributes. 8. Plan for Farm Operations A successful farm requires meticulous planning. Develop a comprehensive farm business plan that outlines your farming activities, production goals, resource management, and marketing strategies. Consider factors like crop rotation, livestock management, and equipment needs as you envision the daily operations of your farm. 9. Consider Sustainability and Conservation Sustainability and conservation practices are integral to modern farming. Explore methods to reduce environmental impact, conserve natural resources, and promote biodiversity on your farm. Incorporating sustainable practices not only benefits the land but also enhances the long-term viability of your farming endeavor. 10. Prepare for Transition and Ownership Transitioning from aspiring farmer to farm owner involves legal and logistical steps. Work with legal professionals to navigate the transfer of ownership, property titles, and any required permits. Additionally, consider forming relationships with local farming communities, cooperative networks, and agricultural extension services to foster knowledge sharing and support. 11. Implement Your Farming Vision With ownership secured, it's time to implement your farming vision. Begin by preparing the land, planting crops, or setting up livestock facilities according to your business plan. Seek guidance from agricultural experts and mentors to ensure a successful start to your farming journey. 12. Embrace the Farming Lifestyle Owning a farm is not just a business; it's a lifestyle. Embrace the joys and challenges that come with farming – the early mornings, the connection to the land, the satisfaction of a successful harvest. As you immerse yourself in the rhythm of farm life, you'll discover a profound sense of fulfillment and a deeper connection to the earth. In the tapestry of farm ownership, transitioning from dreams to reality requires careful planning, dedication, and a willingness to learn. By following this comprehensive beginner's guide, you're embarking on a transformative journey that connects you with the land, fosters self-sufficiency, and allows you to contribute to the rich tapestry of agricultural heritage. From selecting the perfect farm to embracing the farming lifestyle, each step brings you closer to turning your agricultural aspirations into a thriving reality. Read Also: PTO Generator Tips For Your Farm Or Business A Viable Alternative to Wild Fish: Can Salmon Farming Be Sustainable? Here Are a Few Reasons Why You Should Use Real Estate Farming Postcards to Increase Visibility of Your Business

Small Business

Building a Brand for Your Small Business

One of the most essential aspects of building a business, no matter how small it is, is establishing an effective brand—especially if you want to make an impression in today’s highly competitive market. But what really does branding mean? And what does it take to create a brand that truly defines what your business really is? Defining Your Brand Think of your brand as your promise to your customer. Its purpose is to deliver a message to your audience, which includes what you have to offer and how your products and services differ from your competitors. Basically, it describes who you are and the image you want people to perceive you to be. However, defining your brand may be easier said than done. After all, it is a journey to your business’s self-discovery. Specifically, it involves defining your company’s mission, your offerings, your reputation, and your qualities. You may have to do some research to find a branding that truly represents your business. Creating Your Visual Brand While a brand is more than just your company’s logo, you’ll want to establish the look of your company by choosing the right image, colors, fonts, and tagline that perfectly represent your ideals. Failing to establish defined brand guidelines is one of the most common mistakes small businesses are doing, which eventually puts all their branding efforts down the drain. Following these guidelines to build a visual brand invokes consistency and gives your brand a clear direction moving forward. Knowing Your Audience If you’re in a rut in developing your brand, you may be failing at getting to know your audience. According to Carfused.com marketing head, Matthew Creole Rees, it is essential to first determine what resonates with your target market before trying to develop a brand. Know your audience by finding out their wants and needs and understanding their habits. This is especially a must for start-ups that are still trying to get their brand across their customers. Using Social Media Social media is a great way to market your brand and to reach out to your target audience, especially for start-up businesses that are still on a tight budget. In this digital age, people spend most of their time on social media, and if you fail to build a consistent social media presence, your business basically does not exist to many. Once you’ve established your presence, the next most crucial thing to do is to maintain it. Being consistent in showing your presence creates a positive impact on your brand’s perception. Your company’s brand dictates the language of your external and internal communication. The people of the marketing team in your company need to know exactly what the company’s brand is so that they can always integrate it in their campaigns and look for better ways to raise the consumers’ awareness of your brand. Going beyond Your Logo Your brand’s logo may create a significant impact on your audience at first glance, but a brand has to go beyond the visuals in order for it to become effective. In the end, it’s not just about what you do but more about why you do it that makes a brand more impactful. A brand should reflect your culture. For example, if you are keen on maintaining a drug-free workplace, get your workers to understand your cause before administering blood drug tests. This way, they will understand the implications of such health requirements, especially in occupations and industries where safety is of the highest priority, such as in operating machinery. Building a brand may seem like an overwhelming phase—and you may think that getting started is already difficult as it is—but it’s maintaining that brand that’s actually more challenging. Read More: How Personal Branding Online Can Help Your Job Search Top 5 Graphic Design Trends For 2017 5 Most Common Challenges Faced Bye Commerce Businesses Toda Tips For Creating Effective Portable Trade Show Displays Source: customlogocases.com

What Does Business Law State about Monitoring Employees?

Legal but…

Informing Employees Beforehand

Only Limited to Company Owned Gadgets

Using Reliable Technological Sources

Balancing is key

Never Resort to Open Slander

How to Write and Design an Article that Attracts to Your Business

Why You Must Embrace Green Home Technologies?

Content Rally

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

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Related

How To Sell A Small Business Without A Broker

From Dreams To Reality: A Comprehensive Beginner’s Guide On How To Buy A Farm

Building a Brand for Your Small Business

What Does Business Law State about Monitoring Employees?

Legal but…

Informing Employees Beforehand

Only Limited to Company Owned Gadgets

Using Reliable Technological Sources

Balancing is key

Never Resort to Open Slander

Share this Article

How to Write and Design an Article that Attracts to Your Business

Why You Must Embrace Green Home Technologies?

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply

Popular

Follow Us

Recent

Related