Five Reasons Why You Should Work For the Travel and Tourism Industry

The travel and tourism industry is a massive global industry that caters for the needs of those who have to travel away from home in terms of providing facilities and services like hotel accommodation, air and road transport. Close to a billion people are involved in international travel in this industry which generates billions of dollars every year. Sometimes making a decision on which industry to work for can be quite hard given the many options available today across the globe. Below are five reasons why you should consider working in the travel and tourism industry.

1. There are lots of work opportunities. The travel and tourism industry has a lot of opportunities employment for those seeking employment. You can work in the aviation sector, road, rail and water transport, accommodation providers like hotels and lodges, leisure and business travel agents and tour guides. It is now also possible to work from home thanks to technology which is convenient for some people like mums who have a child or children and do not want to be far away from home.

2. The perks are good. The travel industry provides rewards that not many other industries do. For example those working in the airline industry can get free tickets for themselves and immediate family members to fly to any destination that the airline they work for flies to. Those who work as travel agents can get reduced travel fares and even pay reduced accommodation rates. Then there are the familiarization trips that those who work in the industry have the opportunity to take. Just think of an all expenses paid trip to places like the Seychelles, France, the Kenyan coast of Mombasa to name just a few.

3. It is a growing industry. In spite of the recent downturn due to the threat of terrorism and the world recession, travel industry players are optimistic about its growth. In good times and bad times people always get the urge to move. And with more and more places becoming accessible because of air travel and with both air travel and hotel rates coming down in order to accommodate peoples pocket there is a reason to believe that the travel industry will continue to grow and more markets will be reached which is good News for service providers. Furthermore technology like the internet has made it possible to access markets everywhere in the world, at any time of the day.

4. It is never boring. Working in the industry almost means that you will meet new people from time to time. This is especially true for those who work as frontline staff in travel agencies, airline offices or hotels. Those who work in the airline industry as flight attendees have the opportunity to travel to different parts of the world, visit different towns and cities and see and experience different cultures. That can never be a boring job.

5. You do not need years of studying to work in the industry. You may love a certain profession but because of the years of studying involved in learning it you may be discouraged from joining it. Not so with the travel and tourism industry. Three to six months may be sufficient depending on what qualification you are studying for to get you started working for this exciting industry. Some people because of their love for the work and experience gained in certain areas of the industry have even begun working and studied for the paper qualifications later.

6 Tips For An Affordable Home Renovation

Your home is one of the biggest investments you’ll ever have. And just like any investment it is important that you take care of your house by doing the necessary repairs, regular maintenance and most of all keeping the house design up to date. By doing so, the value of your home will significantly increase. However, due to today’s economic problems, a home renovation project may not be on top of your to-do list at this time.

But what if I tell you that there are ways on how you can save a lot of money on home remodeling? Yes, you can remodel your home at a price you can afford. All you need to do is strategically plan your materials, design and timing for your home remodelling project. You will see that it is actually not so hard to cut costs without compromising the quality of the project. Here are some tips on how to remodel your home without blowing up your budget.

1. Efficiency matters, not size. Reorganizing your home, bathroom or kitchen for maximum utility doesn’t necessarily require building or creating more space. You can do this by using shelves with concealed cabinets or pullout drawers. This can be very useful especially in the kitchen, where careful planning to get additional space pays off by not needing to extend the cabinetry into the other rooms.

2. Let there be light. You can let in more natural light into your house without building additional windows and doors. Before smashing your walls for more windows or bifold doors, why not think of less expensive and less invasive ways of having more light. For example, you can make a windowless hallway brighter by installing a solar tube skylight which could be more affordable than putting up a new window.

3. Do-it-yourself demolition. If you are planning to start a home renovation project on a tight budget, you can begin by being your own demolition team. Even though knocking down a part of your home may not be as expensive as rebuilding it, you can still save a few dollars by doing some of the demolition work yourself. Just be careful and take extra precautions. Don’t forget to salvage reusable building and slightly used fixtures. If you have more time to spare, you can also try some of the finishing work yourself such as painting, sanding, installing the insulation and rubbish removal.

4. Consider long-term expenses. Purchasing pre-finished materials may be costly upfront but it allows you to save cash on extensive paint or finishing jobs. For example, you can get primed and painted weatherboard, skirting, decking boards and even prefabricated wall finishes. These items usually cost more upfront but they will also help you save some valuable time and money by preventing costly paint jobs.

5. It’s all about the timing. Renovation jobs can be costly especially if you’re doing it on peak season. Contractors usually double their charges if they are highly in-demand. So, you might want to create a timetable on when to efficiently start your renovation project. This way, you will have more bargaining power with the contractor and it is likely that you will get a fair deal for your remodelling project. It is also important to get price quotes from more than one contractor.

6. Go out and buy your own remodeling materials. Remodeling materials are normally expensive. Furthermore, there are some contractors who add a little price commission on the building materials that they buy in your behalf, thus, making the process even more expensive. This is why it would be better if you buy them yourself instead of handing over that task to the contractor to make sure that you are getting exactly what you are paying for. This also allows you to monitor every penny you shell out on your renovation project.

Lesson One – Investment Definition and Explanation

Investment is one of the fundamental concepts in finance. No financial discussion, website or blog is complete without clearing and explaning investment. I intend to write about investment in detail with reference to households and individuals, as a tutorial, starting from defining and explaining investment as a phenomenon and then slowly incorporating complex topics in further posts.

Definition of Investment

"Investment is the concept of putting 'surplus' money to things such as stocks, bonds, real estate, starting a new venture, buying a capital good etc. with a hope / forecast to have capital gains or continuous streams of positive net income from This employment of money. "

With reference to individuals, it is generally recommended to use surplus money for investments, as there is a very thin line between investing and speculating, so investment decisions should be made very wisely and with proper research and analysis. Investment always comes with a risk of losing the invested amount, and this loss would not be in the control of the investor then, it is always advisable to measure and research all risks involved.

Investment is a parallel concept to savings, where savings is done with an intent to cope with increasing inflation, Investment on the other hand is done with and intention to earn revenue streams or have capital gains from money invested, and it also generates employment and increases The production level of a country. Individuals save or invest their surplus money based on how much risk they are willing to take. More risk taking individuals prefer investing over savings.

Contract Of Employment Explained

Contract of employment like every other contract is an agreement between and employer and an employee which describes and states the condition of employment. It is always advisable for one to be sure of what the contract states before signing and accepting the contract as once signed it is binding on both parties. A well prepared contract of employment is a statement of the capacity in which the employee is employed, it covers and shows the name of the job, pay, allowances, hours of work, holidays, leave, pension arrangements, and should refer to the relevant company laws and policies as is applicable to the employee.

In a more refined way, a contract of employment is defined as an employment agreement voluntarily entered into by the employer and employee which stipulates and defines the conditions of employment. Most contracts of employment are in written form which makes it applicable and governed to the general law of contract. This then means that every contract of employment should be binding on both parties as well as valid. It then means that for the contract of employment to be binding just as I general law of contract, there should be an offer, an acceptance and a furnished consideration. In this case the offer is the written employment letter which is accepted by the employee and the consideration being the wage the employer is ready to pay the employee.

IMPORTANT FEATURES OF A CONTRACT OF EMPLOYMENT:

A well written contract of employment should include all of the following;

o Parties to the contract should be clearly stated: The name and contact address of the employee who is being employed should be clearly stated as well as the name and address of the employer.

o Date of employment should be clearly stated: The resumption date of the employment should be stated in the contract of employment. This will help in knowing when to start calculating the employee’s entitlements.

o Remuneration: The salary agreed on should be put down in writing. The scale or method of calculating the remuneration should also be put down in writing. Also the interval of payment should be written, either bi weekly or monthly depending on the policy of the firm.

o Terms and conditions of work relating to hours a day: The expected number of hours to be put in by the employee per day should be clearly stated in the contract of employment.

o Leave entitlements: The employees leave entitlement should be stated, number of days he is entitled to, his leave allowance, other types of leave he may be entitled to (sick leave, casual etc).

o Pension entitlements: The employee’s pension entitlements should be clearly stated if any.

o The job title: The title of the job being offered should be stated. The job tasks as well should be written.

o Confirmation: The number of months or years as the case may be the employee will serve successfully before his/her appointment will be confirmed should be stated.

o Disengagement: The number of days or months notice required by either of the parties before the contract will be terminated should be written as well.

After the contract of employment has been established, the employer and employer as well have duties to perform to keep to the terms of the contract. In the case of the employee, he has to keep to all of the following;

o Has to do his job personally: The employer was employed to work and carry out his duties by himself. It then means that by the terms of the contract, he has to do his job and duties by himself.

o Has to abide by the laws and policies of the firm: For every organization, there are laid down rules and regulations as well as policy guides that direct the affairs of the organization. The employee is bound by the contract of his employment to abide by the rules and regulations surrounding his employment contract. Disobedience to any of this may result to outright dismissal or termination of appointment.

o The employee should not by any means compete with his employer. He should not have any interest that will be against that of his employer.

o He is to conduct himself well and properly at all times. He should not be involved in any action that will be detrimental to the firm. He should come to work early and comport himself during office hours.

o He should be accountable to his employer on all assignments given to him during his period of employment.

o An employee should add value to his employer which is the main reason for his employment. He should be able to prove the skills he claimed to have prior to employment.

On the other hand the employer has some duties to perform for the employee to make sure that the contract of employment between them is sustained. The following are expected to be carried out by the employer;

o The employer is expected to pay the wages of the employee. As part of the employment contract, there is an amount that was agreed by both parties as wages for the employee. The employer is expected to pay such wages and as when due.

o He should provide the necessary and required tools to enable the employee carry out his duties effectively.

o The employer should also make sure that there is an enabling environment and good working conditions for the employee to perform his duties.

o The safety and safe working conditions should also be assured by the employer to avoid putting the employee at risk during his period of employment.

o The employee should be rewarded when he has performed well. He should also be motivated by the employer at all times. The employer should not see the employee as a slave, rather as a partner in progress, because without the employee, the employer will not succeed.