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The corporate world is a dynamic one. Whether you are in the formal or informal sector, there are a number if things you may have to handle as an employer or a manager. Handling Human resources can be a tad bit difficult. It gets harder if you are just starting and you have a very small personnel team to help you deal with issues of payment and the like. In as much as matters of payment are sometimes controversial, every employer knows that they should have some type of mechanism in place for when an employee requires an advanced payment.

 

Some organizations such as Acta http://acta.fi/ are making it easier for employees to get loan advancements for short-term financial needs. Giving your employees a loan is a practice that has quite a few benefits, some of which are highlighted below.

 

Loyalty

 

When you have a loyal employee, you have succeeded in your business. There is nothing as bad as having an employee that is not loyal to you. They can leave at any time, and they can talk or sell your secretes to competitors or others, even if you are not running a business, nobody wants an employee airing out their dirty laundry to everyone. Giving your employees the chances of having an advance when they need it, creates an essence of loyalty because they know that they can depend on you

 

Motivation

 

Everyone knows how hard it can be when you need cash and payday seems ages away. It is even worse when you have an emergency or some financial commitment of some type. When an employee is allowed to take a payday advance, they become more motivated to work. Motivation is just the drive that is inside an individual. Employers who have a program or arrangement for this in their work place are likely to have employees that are more focused and goal oriented. An employee who feels like they have money problems yet they are working will lack focus and passion, this is not what your business wants.

 

Enhanced performance

 

When you give your employees a payday advance loan from http://acta.fi, they are more likely to be focused at work. The employees that have to go out and get loans from other sources get distracted and this affects the work program, making your business suffer. However, when an employee gets a loan from their employer they know they have to work hard and compensate for the money with the work they have been employed to do.