The Importance Of Diversity In The Workplace

Diversity in the workplace means hiring employees with different backgrounds and characteristics. In the last few years, companies have been clamoring to achieve workplace diversity. It is easy to paint “diversity” as another buzzword or business trend that will fade in a few years. However, diversity is neither of those things. It is here to stay, and these are the reasons why it is important in the workplace:

Access To A Wider Range Of Talents

Diversity means broadening your horizon during the hiring process. With a diverse team, you have access to a great range of talents as opposed to talents limited to one world view.

Variety Of Perspectives

When you bring different people together, you can have a comprehensive discussion that takes into account multiple perspectives. It will help your company gain deep insight into the needs of your clients.

Higher Innovation Rates

The combination of diverse talent and perspective leads to new, better, and more creative ways of seeing things and solving problems. This results in higher innovation rates in the company. Based on the study by Josh Bersin, companies with high diversity are 1.7 times more likely to be innovation leaders.

Better Decision-Making

Having different perspectives on the table also results in smarter decision-making. Your team can understand issues better and come up with informed, comprehensive solutions and organizational policies.

Higher Employee Retention

When you embrace diversity in your organization, you will not only think of better business solutions but also implement better organizational measures. When you take into account various perspectives, your company will be able to set policies that align with all your employees’ interests, not just a few. Thus, the investment you make on each employee will be returned through higher employee retention.

Better Company Reputation

With improved organizational policies and business performance, your company will slowly gain a more positive reputation. When you genuinely work toward diversity in the workplace, it will not crumble upon close inspection and will be reveal itself as true diversity.

Diversity Is Not Enough

Ensuring diversity in the workplace is only the first step. People, after all, are not there to serve as displays. Just because your staff members have varying skin tones does not mean your company has successfully embraced diversity.

You need to work toward inclusivity as well—put diverse people in decision-making positions and listen to their input. Diversity and inclusivity involve a long and arduous process, but it will be fulfilling for the company and your employees. Access Loans continuously strives to improve diversity and inclusivity in our offices.

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NOTICE: This communication and its content are for educational and informative purposes only and should not be used as the basis for any investment decision. The information contained herein is based on publicly available sources believed to be reliable but not a representation, expressed or implied, as to its accuracy, completeness or correctness and it is not a replacement for the guidance or professional advice of an accountant, certified financial advisor, or otherwise qualified professional. No information available through this communication is intended or should be construed as any advice, recommendation, or endorsement from us as to any legal, tax, investment, or other matters. Nothing in this communication shall be considered a solicitation or offer to buy or sell any security, future, option, or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this communication constitutes investment advice or offers any opinion with respect to the suitability of any security. This information has no regard to the specific investment objectives, financial situation, and particular needs of any specific recipient.  We recommend that you never provide a third party with names, account numbers, or other sensitive information unless you are certain that it has a legitimate business purpose.

Links to third-party websites are provided for your convenience only and you access them solely at your own risk.  We do not endorse or assume any responsibility for any such third-party sites, information, materials, products, or services.  Your access and use of the third-party sites are governed by the terms of use and privacy policies of these third-party sites.  You acknowledge and agree that we shall not be liable or responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or related to the use of or reliance on any content, goods, or services available through any third-party website or resource. 

* ACCESS LOANS™ products are funded and serviced by Safra National Bank of New York (“SNBNY”).

What Is Refinancing And How Does It Work?

Millions of Americans have student debt and housing debt that many have gotten into without fully understanding what debts involve. Most are appalled to find that after years of paying, they have only made a small dent in their debt. When you find your original loan too expensive, you may consider refinancing. But what is refinancing, and is it a better choice for you? Keep reading to find out.

The Definition Of Refinancing

Refinancing means replacing an existing loan with a new, ideally better, loan. You can refinance any type of loan out there, from student loans to auto loans. The new loan will pay for the original debt, and then you will pay for the new loan. This means that you will still owe the original loan balance. However, the new loan you will use to refinance the original one may offer better terms and features that will help you improve your financial well-being.

How Does Refinancing Work?

In order to refinance a loan, you will have to actively search for lenders that offer better loan terms. Depending on your situation, “better loan terms” could mean a lower interest rate, a fixed interest rate, lower monthly payments, or a shorter loan length.

It is imperative to consider the loan terms of the new lender to make sure you will benefit from the refinancing. We offer better loan terms for federal employees and public sector employees looking to refinance their debts.

Once your refinance loan is approved, it will pay off your debt/s. You, on the other hand, will start paying off the refinance loan, ideally within a shorter period.

Benefits Of Access Loans Refinance Program

Refinancing has the potential to improve your credit standing and financial status by giving you access to better loan options. Guarantee that you get the ideal terms to refinance your loans with Access Loans Refinance Program. Access Loans offers a refinance program once you have made 10 consecutive payments on your original loan amount. This gives you the option to increase your loan amount giving you extra funds while keeping the low cost loan as well as the low repayments. The application also won’t affect your allotment or split direct deposit payment. It is a simple and quick application that just requires you to upload the most recent documents in order to receive your funds within 1-2 business days, if you qualify.

1. No Need For Credit Score Or FICO Score

Access Loans aims to give federal employees access to refinancing so we look beyond credit history. Even if your credit or FICO score is low, you have a chance at getting approved in Access Loans Refinance Program.

2. Better Interest Rates

Many consider refinancing when they realize how much they’re paying on interest from their current loans. Federal and public sector employees who are looking for better interest rates have come to Access Loans. With better interest rates, you can pay off your loans much faster.

3. Tailored For Federal And Public Sector Employees

Access Loans’ aim is to help federal and public sector employees achieve their financial goals. The application process is convenient and the entire process is quick. You only need to count days to receive your application results and funds—perfect for the busy life of federal and public sector employees.

If you have any questions about Access Loans, our refinance program, or questions about your current loan, please call our customer service department at 321-396-0172.

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NOTICE: This communication and its content are for educational and informative purposes only and should not be used as the basis for any investment decision. The information contained herein is based on publicly available sources believed to be reliable but not a representation, expressed or implied, as to its accuracy, completeness or correctness and it is not a replacement for the guidance or professional advice of an accountant, certified financial advisor, or otherwise qualified professional. No information available through this communication is intended or should be construed as any advice, recommendation, or endorsement from us as to any legal, tax, investment, or other matters. Nothing in this communication shall be considered a solicitation or offer to buy or sell any security, future, option, or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this communication constitutes investment advice or offers any opinion with respect to the suitability of any security. This information has no regard to the specific investment objectives, financial situation, and particular needs of any specific recipient.  We recommend that you never provide a third party with names, account numbers, or other sensitive information unless you are certain that it has a legitimate business purpose.

Links to third-party websites are provided for your convenience only and you access them solely at your own risk.  We do not endorse or assume any responsibility for any such third-party sites, information, materials, products, or services.  Your access and use of the third-party sites are governed by the terms of use and privacy policies of these third-party sites.  You acknowledge and agree that we shall not be liable or responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or related to the use of or reliance on any content, goods, or services available through any third-party website or resource. 

* ACCESS LOANS™ products are funded and serviced by Safra National Bank of New York (“SNBNY”).

Budgeting Tips For The Holiday Season

 

The COVID-19 pandemic has thrown the world’s momentum off balance. Many are unsure how they will spend the holidays this year—should they follow holiday traditions or keep the celebrations simple? This year, one sure thing is that you can keep up with various holiday traditions with an allotment loan from Access Loans.

1. Establish Your Budget

If you are strapped for cash due to the pandemic, an allotment loan will provide you with funds for the holidays. Don’t go all out, however, and stick to how much loan you can take out and pay on time. Create a detailed shopping list—include information about food, décor, and gift recipients—and an estimate of your expenses. From there, you can figure out your holiday budget. This year, it is vital that you use your money wisely.

2. Look For Deals

Like most people, you will likely do your holiday shopping online. Before you click “Check Out,” shop for the best deals first. Watch out for any upcoming sales and other deals companies may offer as the months progress. But be careful of scams pretending to be the government or legitimate businesses. You can install browser extensions that automatically compare prices and will inform you of any deals available.

3. Pay In Cash

If you are currently struggling financially due to the pandemic, shopping with credit cards may not be the best option. With credit cards, it will be difficult for you to stick to a budget, and you may end up with high interest charges. Aside from making it easier to keep track of your expenses and follow your budget, cash payments do not come with interest.

4. Give Handmade Gifts

You can save a great deal by opting for handmade gifts for your loved ones. They can involve something you do well like baking pastries, making candies or jams, or crafting jewelry. Surely the people you love will find value in what you have created and will enjoy them just as much as a store-bought item.

5. Do Secret Santa With Family And Friends

If you want to save even more, suggest doing Secret Santa. This way you and everyone else will not have to buy a gift for everyone attending the party. You can also agree on a predetermined budget. Secret Santa is an economical way to continue enjoying holiday traditions without spending a large amount of money.

The holidays this year are a lot more complicated than before. If you are financially struggling because of the pandemic but still want to celebrate with your family, apply for a loan with Access Loans today.

 

Did you enjoy this blog? Please review us to help us improve and spread the word. We appreciate your feedback – CLICK HERE ⭐⭐⭐⭐⭐

 

NOTICE: This communication and its content are for educational and informative purposes only and should not be used as the basis for any investment decision. The information contained herein is based on publicly available sources believed to be reliable but not a representation, expressed or implied, as to its accuracy, completeness or correctness and it is not a replacement for the guidance or professional advice of an accountant, certified financial advisor, or otherwise qualified professional. No information available through this communication is intended or should be construed as any advice, recommendation, or endorsement from us as to any legal, tax, investment, or other matters. Nothing in this communication shall be considered a solicitation or offer to buy or sell any security, future, option, or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this communication constitutes investment advice or offers any opinion with respect to the suitability of any security. This information has no regard to the specific investment objectives, financial situation, and particular needs of any specific recipient.  We recommend that you never provide a third party with names, account numbers, or other sensitive information unless you are certain that it has a legitimate business purpose.

Links to third-party websites are provided for your convenience only and you access them solely at your own risk.  We do not endorse or assume any responsibility for any such third-party sites, information, materials, products, or services.  Your access and use of the third-party sites are governed by the terms of use and privacy policies of these third-party sites.  You acknowledge and agree that we shall not be liable or responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or related to the use of or reliance on any content, goods, or services available through any third-party website or resource. 

* ACCESS LOANS™ products are funded and serviced by Safra National Bank of New York (“SNBNY”).

How To Save While Paying Off Your Debt

Majority of Americans are paying off debt of some form. In 2019, 62% of graduates had student debt; meanwhile the outstanding mortgage debt for 2020 is around $16.01 trillion. Paying off debt is a big responsibility, but even if you have it, that does not mean you can’t save up. With these tactics and some assistance from loans for federal employees, you can accomplish those two things at the same time.

1. Track Your Spending

The first step to saving while paying off debt is to take control of your finances. Knowing where your money goes will help you understand whether you should set a budget and change your spending habits or find a better-paying job or a side hustle.

2.  Keep Your Debt In Check

Do you have student debt, credit card debt, a personal loan, or perhaps a mortgage? If so, compute how much you still have to pay and lay it all out in a spreadsheet. A clear picture of your debt status will help you figure out how much you really need to allocate toward your debts. Afterward, create a comprehensive budget based on that information.

3. Get A Part-time Job

While federal employees have substantial pay to look forward to, for certain individuals such as fresh graduates, their salary is just within the median wage for workers in the US. The most efficient way for federal employees to substantially save up and pay off their debt is to get a part-time job. There are currently numerous opportunities for freelance work online.

4. Automate Your Savings

If you live paycheck to paycheck, you want to make sure you have enough for all your basic expenses before worrying about everything else. Not many are in the habit of putting aside a certain amount first thing after payday. But if you want to save up, you need to do just that. Set up a separate savings account and schedule an automatic transfer every month. Prioritize building up your savings over buying non-essential items.

5. Debt Repayment Plan

Having a debt repayment plan could mean paying the smallest debt or paying the one with the highest interest rate. Another debt repayment plan option is refinancing your loans. You can use employee loan programs to refinance larger loans like student debt or mortgage loans to get easier payment terms.

Smart financial choices begin with the resolve to meet your goals. Before your debt becomes overwhelming, break it down or pay it off with the help of Access Loans.

Did you enjoy this blog? Please review us to help us improve and spread the word. We appreciate your feedback – CLICK HERE ⭐⭐⭐⭐⭐

 

NOTICE: This communication and its content are for educational and informative purposes only and should not be used as the basis for any investment decision. The information contained herein is based on publicly available sources believed to be reliable but not a representation, expressed or implied, as to its accuracy, completeness or correctness and it is not a replacement for the guidance or professional advice of an accountant, certified financial advisor, or otherwise qualified professional. No information available through this communication is intended or should be construed as any advice, recommendation, or endorsement from us as to any legal, tax, investment, or other matters. Nothing in this communication shall be considered a solicitation or offer to buy or sell any security, future, option, or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this communication constitutes investment advice or offers any opinion with respect to the suitability of any security. This information has no regard to the specific investment objectives, financial situation, and particular needs of any specific recipient.  We recommend that you never provide a third party with names, account numbers, or other sensitive information unless you are certain that it has a legitimate business purpose.

Links to third-party websites are provided for your convenience only and you access them solely at your own risk.  We do not endorse or assume any responsibility for any such third-party sites, information, materials, products, or services.  Your access and use of the third-party sites are governed by the terms of use and privacy policies of these third-party sites.  You acknowledge and agree that we shall not be liable or responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or related to the use of or reliance on any content, goods, or services available through any third-party website or resource. 

* ACCESS LOANS™ products are funded and serviced by Safra National Bank of New York (“SNBNY”).