Month: April 2017

8 Ways of Appreciating Your Employees!

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Appreciate Your Employees
Employee appreciates by the team.

Workplace can be a tiring battlefield. The environment one is made to work in can be both physical and other human factors. Not only can the office temperature be regulated by the air conditioning system, but also the temperament of your co-workers can be an aspect.
One should always maintain healthy relationships with the people he is dealing with. Time, management, decisions and appreciations should be a part of their everyday job chores. You should always learn to enhance your rapport that not only makes you a better co-worker but also keeps your mood lit in such a hasty surrounding.

Some of the basic ways in which you can appreciate your employees are as follows:

  1. Verbal Thank You- You can always appreciate your co-worker without any spend of money. A small amount of energy can always be used up for saying a “thank you”. Sometimes, small phrases as such, “good job”,”amazing effort” or “you’re improving” is enough to make someone’s day.
  2. Pointing out the best in them- Everyone consists of positives and negatives. Presenting out the positive in one, can be difficult. You, as a co-worker, can always help to bring out the finest in them. Welcoming them, tipping their recent paperwork with heart warming gestures will always make you a fine person to hang out with.
  3. Lunch Time Gossips- We all need chitchat once in a while. Working throughout the day is always tiring. Chatting about politics, sports or other such recreational topics are refreshing. Going to get some coffee or getting those papers Xeroxed? Why not ask your next cabin employee to tag along with you with his paperwork too?
  4. A bendable work schedule- Adjusting the calendar according to the work pressure or a flexible schedule that can both finish the job within the timeframe and coordinate with his personal life is highly valued.
  5. Gifts and Gestures- Personalized gifts during birthdays or colleague’s marriage ceremony is a symbol for both appreciation of his work in his career and personal life.
  6. Munching- Food is something welcomed by all. If you’re leaving your seat to grab a doughnut from the bakery, why not get some more for your partners at work? I’m sure they won’t return the delicacies.
  7. Traditional gatherings every year, once at least- Going out on picnics and gatherings in a pleasant weather is both euphoric from the daily chores and also refreshing.
  8. Provision of Opportunities- Once in a while, we all need to stand above the rest. Giving someone the platform to do so is a huge task in itself. Leaving a particular project to someone else, who you think is viable enough to impose a proper respect for the job, is highly thankful.  

Letting your colleagues know how much they mean to you not only in the workspace but also personally in any day of the year can be a huge boost throughout the whole job experience. Small tokens of appreciation and surprises, makes them feel loved and valued.

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Finance & Economy Knowledge Based Articles NL Builders 
cibil score

How does the CIBIL Score Affects Your Credibility?

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Thinking of buying a house or a car? The mere thought of applying for the loan is enough to induce stress as in spite of having all the required documents; there’s always a chance of your loan application getting rejected.

It’s true that we can’t provide any guarantee for your loan application acceptance but we can certainly offer you an insight on one of the fundamental component that defines your credibility- CBIL score.

What is a CIBIL Score?

CIBIL (Credit Bureau India Limited) score is a three digit score that plays a pivotal role in determining your credibility. Derived from CIR (Credit Information Report), your CBIL score is determined by taking your entire credit history in consideration. In simple terms, CIBIL score helps the lender to know whether you are capable enough to repay the loan.

How will the CIBIL score influence my loan application?

As the CIBIL score forms the authentic source to reflect your credibility, whenever a lender receives your loan application he refers to your credit score. A score of less than 300 can increase the chances of loan rejection whereas a score between 300-600 or above 900 can process your application to the next level.

Post your credit score check, a review of your recent credit purchases, payment history, outstanding payments, earlier loan repayment durations, etc., is undertaken. Although sanctioning of loan is subjective in nature, the component of CIBIL score certainly influences the decision of concerned money lending institutions.

How do you manage your CIBIL score?

If your CIBIL score is less than 300, here’s how you can improve your CIBIL score:

  • Avoid overuse of credit: Use your credit facility only when you actually need it, as over exploitation of credit simply creates a false impression on your lender.
  • Clear your dues: Ensure that you act responsibly and clear all your outstanding EMIs and bills on time as the timely clearance of your bill will reflect a healthy loan repaying capacity.
  • Periodic check: Through a periodic review of your CIR (Credit Information Report), you can always rectify your errors in case of any.
  • Manage your accounts: It is advisable to have only one or at the most two accounts, as the presence of multiple accounts often makes it difficult for efficient management.
  • Seek help: If you are finding it difficult to manage your CIBIL score than always seek professional help as that would simplify your credit management.

Having said that always remember that CIBIL score affects your credibility but it’s not the only factor to affect your credibility. Often there have been instances wherein in spite of having a good CIBIL score, the loan applications have been rejected by banks. Also, this does not mean you neglect your CIBIL score, especially when you are applying for a loan.

Besides, having a healthy CIBIL score can also bring in an advantage of low interest rate from your lender, so next time before you apply for a loan always check your CIBIL score to avoid any unforeseen surprises.

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Knowledge Based Articles NL Builders 

Things to Consider While Giving Your Flat on Rent

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When we successfully buy more than one property a lot of us try to rent it out. Renting your place brings, in extra money and additionally, it also brings the place to use. Even though this looks like a simple ride, there are ample of things that you must take care of when renting a house to others.

Here is the checklist –

  1. Preparing the Agreement – Agreements shields you against unwelcomed disputes. You can even take the help of your legal advisor when it comes to preparation of the agreement. Without agreement do not even try to rent out your house. Also, ensure that you are inculcating every vital point in the agreement with the terms clarified and well defined.
  1. Background Check – Background check of the person whom you are going to keep as a tenant is significant. Go for the police verification. You should collect the photocopy of all the necessary documents of the tenant. Do not overlook this matter at all. For your own safety, it is vital that you take the troubles of getting the background checked.
  1. Necessary Details – It is your responsibility to disclose the charges that you would include in the rent. In case you wish to divide the electricity bill into halves rather than including it in the rent then make sure that you disclose it to the tenant. Transparency holds a greater importance between both the parties.
  1. Rent and Deposit – As the market is getting competitive, it is best that you do your research well in time. Decide upon the rent at the same time the deposit. Some renters take 5 months deposit amount while some take 1-year deposit. The choice is, however, yours.
  1. Notice Period – Deciding upon the notice period in advance is also important. In order to avoid any inconvenience in later stages, it is best that you decide it in advance. It is best to keep the notice period of 30-60 days. This notice period is the period that you would give to your tenant to search for another place before vacating this house.
  1. Tenure – Post the decision of rent and deposit amount, you got to decide the tenure. Some owners choose the period of one year while some agree for 5 years. It is however suggested that you must decide the tenure of one year and keep renewing the agreement annually.

It is best that you do a thorough background check of your tenants. A lot of owners do not prefer keeping unmarried couples as their tenants however if their character certificate and police verification are in place then there is no harm in renting the house to them. Make sure that even if the tenant looks good you do go through all the required documents.

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Knowledge Based Articles NL Builders Real Estate