Top 5 Tips for Effective Employee Communication During Company Crisis

Whatever the nature of work you have in your business or the organization you are associated with, you may have experienced scenario of crisis in business and possible outcomes. Sometimes its very difficult to see a crisis coming. A crisis in business is something that possesses a threat to reputation and survival of the organization. The business experts say that even good managers may miss the signs of distress that lead to the crisis in business.

To overcome such unexpected scenario that lead to crisis, the experts have designed some crisis management tips to help the organization come out of the unexpected situation.

Following tips would surely help decision makers at all levels to manage business crisis and enhance company’s reputation and competitiveness:

Take advice early

In order to indentify patterns you need to have experienced it before. Many business owners have not experienced the full range of crises, and therefore fail to recognize the scenario.

Plan in Advance and Be Prepared

Make decisions and make the decisions clear. Make sure you have the right quorum. For the success of a crisis management plan, communication is a key. A successful response to the plan needs effective communication between managers and employees. The plan involves putting up the necessary organization structure, processes and tools in its actual place before the crisis hits.

It’s essential that you need to develop and implement the crisis management strategy and communication plan to suit the company’s needs. Moreover, assign responsibilities and train employees to perform well in the ongoing crisis.

Maintain a Constructive Dialogue

If there’s already a constructive and ongoing constructive dialogue with the stakeholders before the crisis, there’s a greater chance to achieve communication objective. Unfortunately, most of the companies fail in this and lack in strategy too. So, in-depth stakeholder management and management of expectations is essential for compelling and targeting stakeholder communication.

Communicate with the Employees First

If possible, internal crisis communication should come before the external crisis communication. It’s essential that you communicate with the employees regarding the circumstances before any external sources inform them. This may alienate them and hinder the success of the crisis management plan.

Moreover, a better communication also fosters better understanding and their support to tackle in the ongoing situation. Whatever the medium you choose to inform the employees, the more they are informed and communicated well, more entrusted the employees feel.

Remove Uncertainty

Decisions create clarity. Have the courage to stick to them. Ineffective and improper communication with the employees may lead to economic damage due to lack of trust and low morale in the employees. So, in crisis management, it is important to enhance internal communication frequency, the reason being employees have a great demand to remain updated with information and desire to provide continuous feedback.

Tackle Employees’ Questions

Forgiveness for mistakes and reconciliation is important on regular basis because employees’ trust in crisis management is quite important for the success of the program. So, all question and concerns that seem unimportant should at least be acknowledged.…

Some Important Questions You Need to Ask Yourself before Applying for a VA Loan

Active and past members of the United States Armed Forces are entitled to several financial benefits and the Loan Guaranty Scheme of the Department of Veteran Affairs is one of them. Under this particular program, the Department of Veteran Affairs provides the guaranty for home mortgages taken by veterans and active duty members of the services through a private lender. The VA Loan Program has found a huge popularity among the veteran population of the United States as it offers many lucrative advantages such as –

Little or no effective down payment.
No need to pay for any Private Mortgage Insurance when buying a property with less than 20% down payment.
The ability to reduce your interest rate by getting an Interest Rate Reduction Refinance Loan, also known as the VA Streamline Refinance.

However, before you think of applying for a VA Loan, you must ask yourself certain questions. Here we are going to look at three of the most important questions that you need to ask yourself so that you can take the full benefit of the program.
What are the costs of owning a home with a VA Loan and how do they compare with the cost of a traditional loan?

VA loan

A VA Loan does ease off the financial burden of owning a home, but there are still certain costs that you need to pay when you are applying for a VA Loan. For example, you need to pay the VA Funding Fee, which would be around 0.5% to 3.3% of the total loan amount, depending on various factors. There are also various other fees that you need to pay during closing, which would mainly depend on the location of the property.

You must get in touch with a professional VA approved lender and get a detailed idea about the closing costs you need to pay for a VA backed loan and then compare the entire cost with the cost of getting a conventional loan, to get a better idea of how much you are going to save.
Should you use all your entitlement in one go?

Most people don’t know the fact that one can actually get more than one VA loan. Yes, every veteran is entitled to a particular amount and if you do not use the entire amount at a time, you would be eligible for another VA loan. This benefit is especially useful for people who are looking to relocate.

So before, you are applying for a VA Loan, think about the future and decide on whether you want to use all your entitlements in one go or you want to buy a less expensive house and keeping some of your entitlement for a VA Loan in the future.

Another important thing that you should do is get in touch with a VA Loan expert before you take the loan. They would let you about all the benefits you are entitled to and how you can make the most of them. So get expert help to get the financial benefits you deserve, under the VA Home Loans Guaranty Program.…