A digital wallet, also known as ewallet or mobile wallet, is a type of mobile payment service that allows consumers to securely store information for multiple credit and debit cards and even hold a fund balance on a mobile app. The same app can then be used to complete transactions without the need to present…
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What Is a Bad Credit Score & How Is It Fixed?
If you’re applying for a business loan, lenders can check both your personal and business credit scores: Bad personal credit is usually defined as having either a FICO credit score below 580 or a VantageScore of 600 or less. Bad business credit is often defined as having a PAYDEX score below 50, a FICO SBSS…
Personality Hiring: What it Is, Pros and Cons, and How to Hire
When people hear, “personality hiring,” many think it means hiring the friendly, outgoing guy who makes everyone laugh. In fact, according to Forbes, many young workers believe they should be hired for their personalities and the positive energy they bring to the workplace. However, true personality hiring is far more complex than rating charisma. It…
28 Employee Appreciation Ideas to Motivate Your Team
Appreciating employees, even in small wins, boosts employee morale. It makes employees feel that they are seen and heard. When employees feel valued and appreciated they become more productive and motivated. When appreciating your team, take into consideration their preferences. Nothing is more powerful than the appreciation that resonates with the receiver. To help in…
What Is a Hiring Manager?
A hiring manager oversees the recruitment process, defining job requirements, evaluating candidates, and making final hiring decisions. They collaborate with HR to ensure selected individuals align with team needs. This role extends beyond technical assessments, considering team dynamics, cultural fit, and long-term organizational impact. Depending on the specific responsibilities based on the organization’s structure and…
Guide to Company Culture: Definition, Types & How to Build It
In the fast-paced world of business, a company’s success is intertwined with its unique culture. Company culture is one of the key factors to a company’s success and longevity, impacting operations, strategic planning, and, ultimately, overall business performance. Let’s learn more about company culture, take a look at the elements that shape it, and explore…
What Is TikTok Shop? Everything You Need to Know in 2024
TikTok Shop is an in-app shopping solution for TikTok, the incredibly popular video-based social media platform. It officially launched in the US in September 2023 and results have been massive. Retailers, merchants, brands, artists, creators, and influencers showcase and sell products on TikTok directly through TikTok Shop. You can sell through in-feed videos, LIVE videos,…
What Is Performance Management? Process, Tips, & Tools
Employee performance management describes how you manage your employees’ work performance, with the process and tools you use to do this making up your performance management system. The goal of an effective performance management process is to engage employees and enable them to thrive and produce high-quality work. There are ways to best achieve this…