RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Sleep Tips for the Boss

January 25, 2017 1:18 am

Running a company or managing a fleet of employees is no easy task. Whether you’re up late working, or up late thinking about work, compromising your sleep is no way to be an effective leader.

To help combat work-related stress, Robert Half Finance & Accounting offers five tips for CFOs to mitigate work challenges and rest easier:  

Address issues as they arise. Workplace conflicts only get worse when ignored and avoided.

Set goals and timelines. Make the results you need to see from your staff clear, with deadlines and expected outcomes.

Recognize your team. Different people respond to varied motivational techniques, but everyone likes to hear when they're doing a good job. Don't hold back on genuine praise.

Evaluate your hiring strategy. In addition to having the necessary skill sets and fitting in with the corporate culture, great employees share a few qualities, including a can-do attitude, right-sized ego and sense of humor. Periodically refresh your recruiting plan to ensure you're attracting the right people.

Drive employee acquisition and retention. Finding skilled professionals when you need them can be stressful. But if you nurture a talent pipeline year-round, you'll be better equipped for the future.

Source: roberthalf.com/finance

Published with permission from RISMedia.


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Are You Being Threatened by Collection Callers?

January 25, 2017 1:18 am

There's few things more embarrassing and troubling than a collection call. I recently learned an increasing number of those receiving collection calls are being bullied and intimidated by agents on the other end of the line.

In mid-January, a first of its kind Consumer Financial Protection Bureau (CFPB) survey revealed  more than one-in-four consumers contacted by debt collection agencies felt threatened, and one in seven were sued in state court.

Shockingly - the CFPB found the about 75 percent of those sued do not go to their hearing, - generally making them responsible for the debt.

Melissa Stegman, Center for Responsible Lending (CRL) Senior Policy Counsel recognized that an overwhelming majority of those in debt and being pursued by collectors are not in debt by choice, but due to unexpected job loss or serious illness.

Debt collectors generate more complaints to the Federal Trade Commission (FTC), CFPB, and many state Attorneys General than any other industry. And sadly, Stegman says, communities of color, lower-wealth families, service members, and older Americans are more likely to be harmed by these unscrupulous collection practices.  

CRL recently found that debt collectors frequently use state court to pursue Colorado residents, even when debt wasn't owed or where they lacked information to support a lawsuit. And 71 percent of these cases brought by four large debt buyers ended in a default judgment, meaning the consumer did not respond to the lawsuits and were legally stuck with the bill.

Lisa Stifler, CRL Deputy Director of State Policy said in a release that she has seen debt collectors lawsuits in state courts filed against the wrong person or for a debt not owed.

The CFPB also released a study of potential risks in the online debt marketplace, where consumer debts and personal information are for sale. This study found that most debts sold are at least five years old and 75 percent of those debts had previously been collected TWO or MORE times.

Review the entire CFPB study at: http://files.consumerfinance.gov/f/documents/201701_cfpb_Debt-Collection-Survey-Report.pdf

Published with permission from RISMedia.


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