Archive for the 'Commerce' Category

Tokyo Inner and Outer Central Districts among World’s Costliest for Office Space

Friday, June 19th, 2009

Where London’s West End usually held its spot as the world’s most expensive area for office real estate, Tokyo’s Inner and Outer Central Districts have jumped into the top five, with the Inner District coming out on top and relegating London’s West End to second place. This was the result of a survey report recently released by CB Richard Ellis Group (CBRE).

CBRE follows office occupancy costs in around 170 cities, and this year, Moscow came in third, and Hong Kong’s Central Business District was placed fifth in their survey. London’s West End failed to hold on to the top spot. This is largely due to the economic climate, which has made businesses extremely wary of making new acquisitions for office space. Expansion of businesses has also ground to almost a complete halt, and as a result, there is a much lower demand for office space, depressing prices by almost 20% this year in comparison with last year.

Only three cities have escaped this overall decline – the French city Marseille, Perth in Australia, and the American town Charlotte. This however may be attributed to the fact that they previously experienced low costs or are emerging cities, which hardly have any track record. Therefore, the remaining cities of the 170 surveyed, London included, have seen a downward trend in occupancy costs (for a cost effective solution click on shared office space).

London’s West End has seen one of the worst falls in office space prices, as the average cost used to be around USD 300 per square foot, but has now fallen to USD 170 per square foot, according to CBRE’s Global Chief Economist, Dr. Raymond Torto. He also remarked that areas catering to employers from the financial sector are doing much worse than the rest.

Medical Billing Business

Thursday, June 11th, 2009

One of the biggest headaches in the medical industry is billing and collecting fees for services provided. The forms needing to be filled out for various insurance companies and government programs eatcountless hours of employee time. These costs need to be recovered from patients using the clinics. Some patients responsible for their own medical costs are very slow to pay them. All these factors make it hard for medical clinics and hospitals to concentrate on good medical treatment and stay solvent. To solve this dilema, many medical facilities are turning to medical billing companies to handle bill collections for them.

It is vital that each diagnosis and procedure is accurately coded to ensure proper payment. It is this coding that communicates to the insurance company exactly what the doctor has done for the patient. The coding also indicates the reason why a procedure was performed. If a diagnosis or procedure is entered incorrectly, the insurance company will not pay the claim. The medical billing companies must then review the file to find if there is a mistake in coding. If the coding is accurate, they must then confer with the doctor to ensure that the diagnosis and procedures given are correct for that patient. This leads to an increase in the time it takes for the physician to be paid and for the patient to receive a final bill. In addition, the patient may receive an incorrect bill if the claim is erroneously denied. This can lead to frustration for the patient and doctor.

Completing insurance paperwork is time-consuming and sometimes confusing. Each diagnosis and procedure must be assigned a proper code for the insurance company to pay the claim. An assistant in a doctor’s office may not have the proper training to complete this paperwork. The doctor does not receive any of this training in medical school. Outsourcing this work allows staff to focus on patients, scheduling and managing files. In addition, a person only working on claims does not have these distractions. They become familiar with the insurance company’s policies and procedures.

One thing to keep in mind in this career is that there isn’t a lot of room for advancement without further education, so if you do not pursue further education you will be likely to reach a salary plateau after a time.

Naveen Jain, India-born Entrepreneur

Thursday, May 21st, 2009

Though Naveen Jain spent his childhood years in India, it was in America where he founded two companies, InfoSpace and Intelius, and became rich beyond anyone’s expectations.

Long before this however, Naveen Jain lived with his father in Uttar Pradesh, which was one of India’s most destitute states. He had the benefit of an education however, as he had studied at the Indian Institute of Technology in Roorkee to get an engineering degree, which he did. A post-graduate degree in personnel management from the Xavier Labour Relations Institute in Jamshedpur followed in 1982.

A business exchange grant however, provided the entrepreneur with the stepping stone he needed. It took Naveen Jain across the Atlantic and into the United States.

In time, he arrived in New Jersey, where he started accepting a series of jobs in the IT industry, the first of which was the Burroughs Corporation. Eventually job hunting displaced him to the American Northwest, where Microsoft Corporation employed him.

Defying race, he played the industrious employee at Bill Gates’ company. Eventually, the software giant entrusted Naveen Jain with work on its operating systems, namely Windows NT, Windows 95, MS-DOS, and OS/2. Naveen Jain capped his stay at Microsoft in 1996, but not before capturing a managerial spot at The Microsoft Network (MSN).

He ended a good career because he saw a better prospect in InfoSpace, his first business outing in the US. InfoSpace indeed bode well for Naveen Jain. For the last years of the millennium, it ranked among the most renowned web content suppliers, vaunting clients like NBC, Disney, and AOL.

By this time a multi-millionaire, Naveen Jain used his newfound wealth to start another company in 2003. Intelius was another hit, scooping the Best New Company Stevie Award in just three years. Two years more and it was already an Inc. 500 company with terrific spikes in revenue.

Naveen Jain is indeed a welcome addition to the burgeoning number of successful IT entrepreneurs in the U.S.

UCATT Asks for Measures against Safety Breaches in Construction Industry

Wednesday, May 6th, 2009

Incidents of negligence of health and safety in small construction companies have been on the rise. According to research conducted by UCATT, companies that employ less than 50 workers are responsible for a disproportionately large number of worker deaths. Such small and medium-sized companies account for only one-third of the overall size of the construction industry, yet they were responsible for half of the construction workers’ deaths that took place in the UK last year.

Alan Ritchie, General Secretary of UCATT, said that most small firms are never inspected, because of which they tend to neglect safety issues. He suggests that each company should choose a Director, whose job should be to ensure proper implementation of health and safety guidelines. If a worker is known to have died because of a serious breach of safety measures, the Director should be held personally responsible.

The Union is also asking for an increase in the number of frontline inspectors, trained to adopt a no-tolerance policy, such that strict action will be taken against those who fail to meet safety and health standards.

International Workers Memorial Day is held every year in memory of people who have died at work. This year UCATT urged people to observe silence for two minutes at noon on this day. According to Jerry Swain, who is the Regional Secretary of UCATT’s London and South East Region, the International Workers Memorial Day, along with bringing memories of those who have died or sustained injuries at work, also brings an opportunity to demand better safety facilities, so that further deaths can be prevented.

Any company that is involved in work where employees could potentially be injured must make themselves fully aware of the legal implications and training available to avoid the wrath of the HSE and the courts. Protect your company with accredited health and safety courses such as the nebosh distance learning course offered by Workplace Law Training.

Consider Hiring a Wedding Planner to Plan Your Big Day

Monday, April 27th, 2009

Your wedding day should be the best day of your life, but sometimes the stress leading up to the big day is overwhelming because there are so many things to think about and little details to consider. In order to ease some of the pressures leading up to a wedding, many couples hire a wedding planner to do much of the legwork for them.

Before you turn to the Internet and other sources to locate a wedding planner, sit down with your fiancé and your family to discuss and write down four or five of your biggest priorities. Everyone may differ in their priorities, so this is not the time to talk about what others did for their weddings, unless you experienced something at one of them that you would really like to include in your own. This is about what’s important to you and your future spouse. Typical priorities include the setting, the invitations, the food, the music, the cake and the flowers.

Of course, the most important consideration is the budget. You must decide a limit of how much do you want to spend on the entire wedding from start to finish. It’s incredibly difficult to keep your wedding under budget, and you’re going to have to make some hard decisions on what you absolutely have to have and what is expendable. The best tip with regard to budget is to never attempt to match or trump another wedding you’ve been to. Stay on track with what’s important to you, and the day will be the most beautiful and memorable one you can possibly have.

Now that you’ve worked out the budget, it’s time for you to choose a Los Angeles-based wedding planner. A healthy dose of caution should come in to play here. The Internet is full of websites busy with all sorts of tips and suggestions for what to do and which merchants to use for what items. Stay away from the busiest and most confusing websites if you can. Concentrate on the websites that belong to individual wedding planners, and not the ones that are the informational, e.g., wedding tips and directory sites. You can always return to those later. Right now, how a wedding planner sets up their Web site is very important to enable you to make a satisfying choice. So when exploring the Internet for a wedding planner, stick with each prospect’s individual Web site.

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Saturday, April 4th, 2009

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Food Safety Management Needs Major Improvements

Friday, April 3rd, 2009

The sudden outbreak of the E.Coli virus in Wales, which claimed the life of a five-year-old boy Mason Jones and made 100 others seriously ill, has raised questions about the quality of food safety resources.

Professor Hugh Pennington, head of the inquiry commission looking into the matter, has made no bones about the fact that food producers and distributors need to lay more emphasis on food safety management guidelines. He further claimed that Mr. William Tudor, the butcher responsible for supplying the infected meat that led to the outbreak could have been prosecuted earlier as there was sufficient evidence showing that food safety standards in his business were not satisfactory. Mr. Tudor has already served 12 months in prison in 2007 for the incident. Professor Pennington was also shocked that despite its tainted past, no restrictions were imposed on the slaughterhouses supplying meat to Tudor’s business.

To avoid the repercussions of a visit from HSE officials companies should bring themselves and their employees fully up-to-date with the latest H&S regulations. Click here for more iosh course information from the experts at Workplace Law Training.

In order to ensure good food hygiene and to prepare the environmental officers to deal more strictly with such dishonest butchers, a number of recommendations were made by Professor Pennington in the report submitted. Some of the important steps that he wants the authorities to take to bring about an improvement in food safety resources include:

  • Reviewing the guidance issued by the Food Standard Agency;
  • Extensive training of all the inspection officers and the overseers staff; and
  • Unannounced inspection as far as possible to avoid giving time to butchers to prepare falsified data.

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Advice on following up after a Job Interview

Sunday, February 8th, 2009

Are you in the process of looking for a new job? If you are, you may have job medical interview already lined up. In fact, you may have already had a number of medical school interview take place. If that is the instance, did you follow through with the interviewer or the business in question? If followup contact, such as a call, is an action which you have yet to take, you may want to analyse your alternatives.

When it gets to determining whether or not you should follow-up on all job interviews that you have had, like with a quick office visit or phone call, there are many job seekers who are unsure as to how they should proceed. Since many are unsure of the action that they should take, many just do zip. If you would like help in noticing what you should do after going to a job interview, you will want to stay reading on, as a number of rewards and disadvantages to job interview follow ups are outlined below.

As for the advantage to follow-ups with the business or interviewer in question, you will find that there are a number of them. One of those advantages is the impression that you can create of yourself. Checking to see how the selection process is coming along or if you can answer any additional questions is a great way to show that you are truly interested in the open job position. It also shows enterprise on your part. This is something that many companies look for in their new hires.

Another advantage to following up after a job interview is the answers that you may get. If the business in question has yet official make a decision, but your name is still in the running, you may be told to call back later or wait for a telephone call, which should arrive when a decision has been made. On the other hand, if it has been determined that you are not the right candidate for the job, you may be notified of this when you make your first meet attempt. This notification is ideal as it encourages you to explore your other choices without wasting any precious time.

Be aware that there are downsides to following up as well as the good points. Following up can equally easily help you to create a poorer image as well as an improved image. If they tell you to wait for them to contact you – then going against that instruction could hurt you.

The above mentioned advantages and disfavours are just a few of the many to job interview follow-ups. You will want to try and make sure that you follow the advice or instructions given to you by each employer.

The Obvious Option

Saturday, January 31st, 2009

One of the biggest challenges in getting people on board for finally coming round to the Euro is undoubtedly convincing the British public that that in fact joining the Euro may be a wise decision. This attitude is reflected in that of many leading figures such as Peter Sutherland who believe that perhaps joining the Euro is increasingly becoming our only option. In the melancholic desperate last days of peace preceding the first World War, the British Foreign Secretary, Sir Edward Grey, was repeatedly pressed by his French and Russian colleagues to state, categorically that the UK would remain faithful to its Entente with France and warn Germany that she would have to reckon with war with England. Each time Grey masterfullymaintained his room for manoeuvre and resisted the pressure. All the way up until August 1st he could adamantly maintain that London could not leave neutrality “for the simple reason that public opinion would not sanction any other course”. At the Cabinet meeting that Sunday, nearly everyone were against having ant part in the imminent conflict. Both the City, many of whose major bankers were of German heritage, and a hefty segment of the media were against getting involved with the war. Grey kept his freedom of action right up until the last.

But the end was not to be very far away. Only a few days later London had declared war on Germany. However awful the present financial crisis, it is on a smaller scale, mercifully, than 1914 but the question arises as to whether British pragmatism responding to dramatic events might not be capable of engineering a similar volte-face; to be precise the embrace of British Euro membership after years of anti Euro sentiment from the self appointed representatives of Angleterre Profonde. As in July 1914 there is no political motivation for European engagement at any level of any of the three main parties. A collective ambivalence towards the Euro worn at times heavily on the sleeve extends its deadening embrace which universal amongst all political parties. As history has shown, this does not necessarily means opinions can’t change. I for one believe that it is precisely that change of attitude which could play a major role in determining the future of Great Britain. Indeed it is vitally important that people do become more open to the idea of joining the Euro, and realize that rather than something to be feared it could in fact be our saving grace.