What is being termed the ‘Great Resignation’ has gotten a ton of press in recent months. It all began in the summer of 2021, when alarming statistics showed that millions of people had left their jobs in search of something better. Some eight months later, companies around the country are still struggling to fill open positions. Meanwhile, there is a core group of people who have been largely forgotten. They are shouldering the greatest burden of all.

Who are these forgotten ones? The employees left behind to do the work when so many colleagues walk away. They are the ones who either never considered leaving or just decided that it was better to stay. Either way, the consequences of the Great Resignation are very real for them.

BenefitMall, a Dallas-based company that provides general agency services to benefits brokers, published a compelling peace on this very topic earlier in 2022. They mentioned four specific ways the Great Resignation is impacting employees left behind:

1. Additional Responsibilities

It goes without saying that the work has to be done regardless of the number of employees available to do it. Simple math tells the whole story. If mass resignations leave fifty people to do the work a hundred people used to do, each of those remaining employees will have to take on additional responsibilities until staffing numbers return to normal.

According to data cited by BenefitMall, more than half of U.S. workers report taking on more work as a result of insufficient staffing. That is a considerable number by any measure. It shows just how severe the Great Resignation is.

2. Not Enough Time

As you might expect, having to take on more responsibility leaves many workers with too much work and not enough time to get it done. Again, data suggests this is a complaint among one-third of American workers. But in fairness, this has long been a complaint. Employees have historically felt like they have been asked to do more without being given any more time to do it.

3. Questioning Company Loyalty

Unfortunately, employees buckling under the pressure of the Great Resignation are beginning to question employer loyalty. Some understand that their employers are struggling to hire more people. Yet others are willing to believe that their employers are not trying hard enough. The latter assumption is not good for employers.

When employees begin questioning employer loyalty, they also begin to question their own loyalty. It is an open door to looking for greener pastures elsewhere. In fact, diminishing loyalty is said to be one of the factors driving the Great Resignation.

4. Questioning Compensation

It is impossible to discuss a topic of this nature without getting into money. Needless to say, the Great Resignation has employees questioning their compensation. Is the amount they are being paid commensurate with the amount of work they have to do? Are their benefits packages strong enough to encourage them to stick around?

This is one area in which benefits brokers and general agencies … Read More..

A company cannot thrive without having financial supporters. They fund a firm by acquiring shares in the corporation, becoming shareholders also known as partial owners of the company.

Shareholders have particular rights, functions, and responsibilities that are outlined in the Companies Act of 2006 and the company’s Articles of Association. Shareholders can also be corporate directors. While directors are in charge of the day-to-day administration of the company and making informed decisions, shareholders have distinct tasks and responsibilities in regard to their ownership of the firm.

Shareholders can make decisions like removing a director from office, altering the company’s name, or approving a service agreement for a director that provides him with labor protection for more than two years. In general, shareholders have limited influence on the directors and how the firm is operated. They play their role in hosting and arranging annual general meetings and guarantee that the board of directors do not exceed their authority and should get permission from shareholders whenever mandatory. 

Roles Of Shareholders

They have a vital role in a company’s finance, management, administration, and governance. Let’s have a bird’s eye view on certain roles of shareholders. 

1. A Company’s Financing

Fundraising is an important part in establishing a business and shareholders are responsible for a company’s financing. Shareholders invest and in return they get a portion of ownership rights from the company’s founders. Private corporations and innovators can also obtain financing through preferred stock, which are share issuance to a limited number of individuals and organisations.

Along with shareholders, venture capitalists can also contribute additional huge sums of money in return for a greater part of the ownership. Shareholders, unlike bond investors, do not get monthly interest and a return on their initial investment from the corporation.

2. Operations of a Company

Shareholders have both active and passive roles in the functioning of a corporation. They can elect directors, who select and oversee top officials such as the CEO and CFO. They have an indirect or passive impact on the stock market. Investors avoid firms that fail to reach earnings projections and instead invest in equities that routinely outperform them.

As a result, the company is always under conditions to reach and exceed sales and profit predictions. Shareholders can ask for cash flows in the form of dividends and put pressure to the companies that generate substantial free cash flows. 

3. Control of a Company

Generally, shareholders decide control of the company. A corporation that is widely owned and does not have a solitary major shareholder is open to hostile takeover maneuvers. Shareholders might object to such actions if they are pleased with the present management or feel the listing price is inadequate. Institutional shareholders may openly request that firm management examine potential alternatives such as divestiture or merger with another company.

4. Emergency Meetings

Another very important role of shareholders is that when the board of directors refuses to take action on the shareholders’ decisions, the shareholders might take direct action by requesting … Read More..