3 Reasons Why Your Boss Does Not Like You to Telecommute


Bosses who do not embrace the practice of telecommuting do so for three primary reasons – reasons that are considered myths by human resource professionals.

# 1 – Telecommuters Regularly Slack Off

Some bosses believe that workers who work at home have more of a tendency to slack off. However, a manager cannot stand over you in the workplace any easier than they can watch over you virtually. If the work gets done, it is shown through collaborating with colleagues and e-mail messaging. In multinational companies, you are already corroborating your work with team members, each of whom is scattered at various corporate locations.

Workplace strategists state that it does not matter if an employee is 8 time zones away or 8 feet outside a boss’s office, everyone works virtually. In other words, the staff has already left the building. Therefore, telecommuting can be just as productive as working in the office this day and age.

#2 – Employees Who Telecommute Are Not as Productive

Here, again, another myth. If a worker has the right space in which to work as well as the right equipment, they can work as efficiently at home as they can in an office environment. In fact, research reveals that one of the advantages of telecommuting is the capacity to concentrate.

According to one workplace specialist, “. . . [C]acophony at the office . . . especially in an open office . . . [makes it hard to concentrate].” Indeed, the Dell Company might second that notion as its workforce telecommutes from home at least part of the time. Plus, the company has not noticed any reduction in productivity. That is why the company hopes to double the employees who telecommute by 2020.

Workplace specialists suggest that productivity is easier to promote when people are not stressed. Skipping a long and laborious commute can save a worker in terms of money, time and sanity. A Gallup report confirms this belief. According to the survey, remote workers log, on average, four additional hours each than employees who work on-site.

#3 – Company Culture and Collaboration Suffer When Employees Work at Home

While working at home can be isolating, it can also cause workers to participate more in company projects and departmental tasks. Surveys conducted by Ernst & Young and Gallup found that workers who telecommute one or two days per week show extra interest when they are working on-site.

From all indications, working from home can be a boon for a business. When a boss sees the benefits of telecommuting, he or she will be able to obtain more in the way of motivation from his or her staff.

Record Number of Americans Turn to Personal Loans

record number of loans

A recent report has suggested that more and more Americans are now turning to personal loans as a financial backup because they do not have any savings that they can turn to in times of financial need. Figures were recently released by TransUnion showing that the number of people with personal loans has grown by 18 percent in the past two years reflecting a sharp rise in popularity.

The figures shown that consumers in America now have around $82.52 billion in unsecured personal loans between them and $165.46 in secured loans. While experts have said that personal loans can prove useful to many people, such as those looking to pay off more expensive debt with a lower rate loan, they can prove to be a debt trap for those who simply take them out. Especially if borrowers obtain them from sources because they have no other financial lifeline to fund emergency costs.

Consumers have to exercise caution

According to officials, although personal loans can prove useful in some circumstances there are many consumers who need to exercise caution when it comes to taking out this type of finance. One expert said that some people were treating being accepted for a personal loan like having a big financial windfall without taking into consideration that they had to repay the loan along with interest.

She added that some people thought that if a personal loan was unsecured it meant that there would be no penalties to worry about if they did fall behind with repayments. However, she said that in some cases these loans had to be personally guaranteed, which meant that the borrower could still be chased for personal assets in the event that they fell behind with the repayments.

She also stated that many personal loans that were not secured came with high rates of interest, resulting in borrowing having to pay through the nose in order to get the finance that they wanted. She said that this could make it increasingly difficult for borrowers to keep up with monthly repayments on the loan and could lead to them becoming burdened with unmanageable debt.

Another expert stated that personal loans could end up being risky if people were using them to cover day to day expenses and were seeing them as a means to funding emergencies. He said that it was vital that people learned to live within their means and tried to save some money so that they had something to fall back on in the event of a financial emergency.

American Consumers Continue to Make Credit Card Mistakes


While it is a well known fact that credit cards can provide many people with ease, convenient and flexibility when it comes to making purchases, many people have also fallen victim to the pitfalls of credit card use. There has been a lot of concern over rising credit card debt in the United States and according to a recent report many Americans simply haven’t learnt any lessons from the financial crisis that took hold a few years ago.

According to recent figures, credit card debt in the United States is set to reach a trillion dollars for the first time in history. The data shows that in the final quarter of 2015, Americans amassed more credit card debt than during the years of 2009-2011. With credit cards considered one of the most expensive forms of borrowing, beaten only by payday loans, officials are concerned about the fact that many people continue to make the same mistakes over and over again when it comes to borrowing and spending.

Posing dangers for consumers

The spending and repayment habits of some credit card users is putting them in danger of severe financial difficulties according to experts. Officials have said that credit cards can prove hugely useful to those who use them wisely and repay the balance off in full each month. However, they also pointed out that many people are spending frivolously on the plastic and then repaying the balance in small amounts over a long period of time, which means that they are hit with extortionate interest rates as well as fees and penalties for late or missed payments.

A study from CardHub.com suggests that there was a rise of $71 billion in credit card debt last year, which takes the total amount of credit card debt to $917.7 billion. The data also showed that the majority of credit card debt that was amassed last year was during the final three months of the year. During that period card debt increased by over $52 billion. An official involved in the research said that the figures showed consumers were returning to the bad habits that they had prior to the economic downturn.

The group also said that Americans hadn’t been as lax with credit card spending since the 2008 recession. Many had believed that consumers would learn tough but valuable lessons with regards to finances from the economic downturn but experts said that these lessons appeared to have been short lived based on these figures.