Prozac for angels

Bad credit borrowers have seen an expansion in the availability of loan products they can now apply for. With the widespread expansion of independent loan brokers and online loan specialists, competition has reached an all time high for car credit business. This increased competition has caused many lenders to focus on offering products to borrowers who have bad credit on their record. Secured loans, such as homes and cars, usually offer the best rates and terms for bad credit borrowers as the collateral offered by the borrower serves as security to the lender. Bad credit car finance rates are obviously not quite as enticing as the 7 to 8 per cent rates commonly obtained by good credit borrowers, but they are definitely better than ever before. As importantly, they are more available. Some loan brokers promote a 90 per cent or so acceptance rate for bad credit customers.

For along time, car customers have been somewhat at the mercy of high cost car dealer financing. Some borrowers were unaware that they could explore other loan options. Many believed they were required to accept dealer loans to purchase their cars. Others just lacked knowledge of the broader loan market. Greater knowledge and wider selection is more prevalent in today’s finance market because of the expansion of brokers and online motor loan specialists. Anyone can now go on a specialist web site, enter some basic background details, and have the broker search their vast provider network for the best products and rates.

Because of the depth of financing competition, many lenders have begun to focus on bad credit car finance as a way to grow their business. Bad credit borrowers can get rates in the 10 to 15 per cent range, at times, depending on just how bad their credit troubles. Borrower who have faced County Court Judgments (CCJs), arrears, or defaults are even finding loan products designed for them. This has given many people hope for financial stability that was previously unavailable to them. Independent brokers are able to efficiently narrow down bad credit car finance products based on consumer information. This helps make the search process efficient and helps borrower know what interest rates they can obtain. The ability to work with loan brokers before visiting the car dealership is a huge advantage for borrowers. Bad credit borrowers are no longer at the mercy of dealer financing that either cost high amounts of interest, or resulted in repossession of the auto in the event of non-repayment. Car buyers are more equipped than ever when they begin looking for their new or used car.

Consumers need to protect their credit by avoiding the pitfalls of court judgments or bad credit. However, for those that cannot go back in time, bad credit car finance offers a more manageable motor debt solution. Car buyers can now focus on negotiating a car dealer without the pressure of taking on expensive debt. This makes the potential for finding a great car value much greater.

Employees are an important stakeholder of any organization whether it is large or small. However, managers are often too busy with running the day to day operations of the company that little, if any, time is spent on a motivation strategy. This is unfortunate because a high performance work team is actually an easy goal to achieve.

Why should you read on? So you can increase the bottom line.
If every employee made one minor change, as a result of increased motivation, then the result on the bottom line would be astronomical. Having a proper motivational strategy for employees will give any manager an exponential return on investment. And better yet, to achieve this, proper motivational tools are not expensive.

The most common mistake that managers make is be believe that all forms of motivation revolves around money. Whereas, the truth is that increase in pay and/or bonuses do not dramatically increase motivation. What actually happens is that the employee is being offered a bonus employee for a job they should be doing anyway rather than actually rewarding them to do more and/or better. As such, the employee might interpret this to mean that they are working for a bonus versus doing the best job that they can because they enjoy it. However, do not misinterpret this and think that little or no pay is required. The employee wages must be fair market in comparison to others in the industry otherwise motivation will actually decrease. An example would be a top level baseball player earning 6 million a year (which is about average). Increasing this player’s pay to 12 million a year would probably have little effect on their performance. Decreasing the salary to below the average earning would decrease performance because the player would not feel appreciated.

So what does work? Its Simple, Recognition.
It is much better to give recognition to employees both privately and publicly. A leader should always praise his or her staff and be an integral part of their work life. Most employees only hear from management when something is wrong and this negative reinforcement is not conducive for high level work teams.

Studies have shown that little items such as sending a birthday cards can increase work performance levels for months on end. E-Cards have the same effect and are easy to use plus have the added features such as date reminders and follow ups.

Recognition works because it gives positive reinforcement to the employees and when an individual feels appreciated they will work harder for more recognition.

Will using a simple greeting card really work? Yes. It will if done correctly.
If you want this to work, then take the time to write a personal greeting. Sending a generic card to all staff members would most likely decrease morale as employees may find it offensive. The message should be genuine and meaningful. Also, the message should be as close to the recognizable act as possible. This means that if someone on your team did a great job on a project; send a thank you card to them ASAP. Sending a card out 4 months after the project has been long forgotten would have little effect.

When is the best time to give out E-Cards?
E-Cards should be given out on major holidays and for birthdays. Also, cards can be sent whenever an achievement is made large or small. The text of the card does not have to be complicated and overwritten. A few well chosen sentences will work well.

Take Action Now
If you are convinced that a motivational strategy is for you then commit yourself to sending out a personalized card every 3 months for different holidays and events. Idiooz.com provides an excellent service that does most of the work for you.