ZimRe Holdings Limited (ZIMR.zw) listed on the Zimbabwe Stock Exchange under the Insurance sector has released it’s 2017 interim results for the half year.For more information about ZimRe Holdings Limited (ZIMR.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the ZimRe Holdings Limited (ZIMR.zw) company page on AfricanFinancials.Document: ZimRe Holdings Limited (ZIMR.zw) 2017 interim results for the half year.Company ProfileZimRe Holdings Limited operates through subsidiaries to provide solutions for general insurance, health cover, reinsurance, life reassurance, reinsurance brokering and property services for private, commercial and corporate clients in Zimbabwe and overseas. Its insurance products range from short-term and whole-life insurance to endowment pensions, medical aid societies and motor, household and commercial insurance solutions. The company also has interests in producing a range of animal-drawn implements and in property management; maintaining, developing and leasing properties in the residential and commercial property market in Zimbabwe. ZimRe Holdings Limited was founded in 1983 and is based in Harare, Zimbabwe. ZimRe Holdings Limited is listed on the Zimbabwe Stock Exchange
I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Paul Summers has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Our 6 ‘Best Buys Now’ Shares Forget penny stocks. Here’s how I’d invest £100 Simply click below to discover how you can take advantage of this. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. “This Stock Could Be Like Buying Amazon in 1997” Paul Summers | Monday, 27th January, 2020 Image source: Getty Images Enter Your Email Address The lure of penny stocks is hard to resist when you’re starting out as an investor. Today, I’m going to look at why newbies should consider bypassing the junior market completely.What’s the pull?It’s not hard to come across stories of investors making millions on company shares that were once trading for a few pence. This is, after all, exactly what happened to fast-fashion play ASOS. Trading at 4p a pop back in 2003, the very same shares now change hands for almost 3,200p. They were once above 7,000p!5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The fact that stocks also trade at so low a price is often interpreted by new investors as a good thing since it allows you to buy what appears to be a huge initial position. A stock trading at 1p per share, for example, will give you a holding of 10,000 shares if you were to invest £100. Of course, this is irrelevant. It doesn’t matter if you have 10 shares or 10,000 if their value sinks to zero.But there are other reasons to steer clear.Reality checkThe first is based on probability. For every ASOS, there will be thousands of businesses that merely tread water or fail completely (taking your money in the process). Winners spring to mind so easily due to survivorship bias.To use an analogy, many will know that Usain Bolt holds the record for the 100m sprint. Few, however, will remember the names of those he beat to set that time (9.58 seconds), those who tried but failed to qualify, or know those who called time on their promising running career due to injury.Second, many small companies see a stock market listing as a way of generating cash to make their blue-sky plans a reality. Unfortunately, just getting a business to profitability can take longer than expected, if it happens at all. This requires management to ask for more money to keep the lights on. More shares are then issued which, in turn, dilutes the value of those already held.Third, penny stocks tend to be illiquid (hard to sell quickly) and, consequently, volatile in price. That’s less of an issue when markets are behaving themselves, but it can be an unmitigated disaster when they’re not.A rush to jettison a minnow by investors is likely to result in a huge drop in price that doesn’t reflect its intrinsic value. If you’re actually able to sell, you may get back a lot less cash than you put in.A better planRather than diving in at the deep end of, I think all new investors should keep things as simple as possible.By far the best way of doing this, at least in my opinion, is to invest in cheap funds that track the market return. You won’t get wealthy in a hurry, but you won’t lose your shirt either.As an example, £100 stuffed in a fund tracking the FTSE 100 delivering a 7% annual return over 30 years would grow to £761 (excluding fees). Now think about if you were able to invest significantly more than £100 over that period of time. Bottom lineInvesting in penny stocks can be a lucrative endeavour, but anyone contemplating entering this arena should be absolutely sure they understand the risks before doing so. If in doubt, steer clear. See all posts by Paul Summers
Share on Facebook Tweet on Twitter Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom TAGSKeys to IndependenceRep. Jennifer SullivanSenator Aaron Bean Previous articleSix cases on Code Enforcement Hearing agendaNext articleArt and Jazz Festival coming to the Apopka Amphitheater Dale Fenwick RELATED ARTICLESMORE FROM AUTHOR Please enter your comment! UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 By Representative Jennifer Sullivan and Senator Aaron BeanAs young people transition to adulthood, earning their driver’s license provides a certain level of independence and economic mobility – a vehicle, if you will, to go places in life.Senator Aaron BeanRepresentative Jennifer SullivanWhether heading to school or work, the doctor’s office or the grocery store, having the ability to drive is a necessity most Floridians take for granted.Until recently, however, getting a license – not to mention paying for car insurance – was nearly impossible for teens in the state’s foster care system. Three years ago, in fact, only 20 youth ages 15 to 18 in the foster care system anywhere in Florida received their driver’s license before the age of 18.In response, Florida legislators unanimously passed the Keys to Independence Act, an innovative three-year pilot program funded by the Florida Department of Children and Families and managed by Community Based Care of Central Florida.The program, which launched in 2014, helps children as young as 15 get a learner’s permit by enrolling them in driver’s education courses and monitoring their progress until they earn a license. In addition to covering fees associated with the licensure process, it also reimburses the expenses for each licensed driver’s car insurance, which averages about $200 a month.Keys to Independence has been a resounding success. In just a short time, the number of teens in foster care who have a driver’s license has almost tripled, and 1,125 participants are currently enrolled, including more than 251 in Central Florida.The program is impacting lives across Florida, providing a newfound opportunity for young people just like Jake Whitmeyer, am 18-year-old from Cocoa.Thanks to Keys to Independence, Jake passed his driver’s test on his first try and can afford the monthly insurance premiums. Now he drives to church, extracurricular school activities and his part-time job at a restaurant. Soon, Jake will drive to Eastern Florida State College for classes over summer break.Simply put, Keys to Independence is opening doors for thousands of children who, through no fault of their own, must overcome a wide range of disadvantages.That’s why we are sponsoring a companion bill during the upcoming legislative session to make this program a permanent fixture for Florida’s youth.We urge our fellow lawmakers to once again give Keys to Independence their full support. We have seen how it has improved lives, and we look forward to its continued success far into the future.Florida State Representative Jennifer Sullivan (R-Mount Dora) is sponsoring House Bill 217. Florida State Senator Aaron Bean (R-Jacksonville) is sponsoring Senate Bill 60. For more information on the Keys to Independence program visit www.KeystoIndependenceFl.org. LEAVE A REPLY Cancel reply Florida gas prices jump 12 cents; most expensive since 2014 Please enter your name here You have entered an incorrect email address! Please enter your email address here Save my name, email, and website in this browser for the next time I comment.
August 21, 2017 at 2:40 pm August 21, 2017 at 1:27 pm News crews ready to view in SC. Big news for SC. Columbia, SC is the prime spot. Also Charleston, SC. Beachgoers loving it there. Rainbow colors are being reported around the moon there, and boat loads out in the water to view the eclipse. For once, not many people are glued to their phones, but to the sky. The president and first lady outside the White House looking up through their special shades. I am craving a big moon pie right now! A moon pie and a RC Cola….LOL! Only 2 minutes away Apopka…….!!!! Reply I like the google bar cartoon today that shows two alien spaceships a one- eyed alien and a three-eyed purple alien sitting in different spaceships, bouncing the moon like a ball back and forth across the sun to each other. Very cute! Mama Mia Reply Mama Mia August 21, 2017 at 3:07 pm Reply Yes, don’t worry, be happy. The asteroids are coming in toward earth Oct. of 2022, but NASA has it all planned to fend them off. They are going to launch a refrigerator, I mean a refrigerator sized spacecraft that is suppose to collide with an asteroid and fend them all off. There are multiple asteroids, not just one, hey, I don’t know how NASA is going to do it, but let’s just hope they know what they are doing. I even heard them once say that they could possibly lasso those wayward asteroids. Wow, asteroids one day, and hemorrhoids another day…. Sorry, this is pure silliness out of me. I can’t help it, the eclipse had an effect on me! I’m getting off of here, again, I apologize……LOL August 21, 2017 at 2:49 pm Mama Mia August 21, 2017 at 6:29 pm Looks like the big show is starting up now in Oregon and from my watching it on tv, it looks like it is getting pretty dark there in Oregon, for the people standing outside there with their special glasses on and viewing it. Darker than I imagined it would be! No wonder people have freaked out at the solar eclipses throughout history. Mama Mia Please enter your comment! Reply One minute and counting……… Reply Mama Mia Reply From eclipse2017.nasa.govWhen and where can the Eclipse be viewed locally?The Solar Eclipse will begin at 1:19 PM today in the Apopka/Central Florida area. The maximum eclipse will be at 2:51 PM. It will end at 4:14 PM. Locally, Wekiva Island is having a viewing party. It is located at 1014 Miami Springs Drive in Longwood.On Monday, all of North America will be treated to an eclipse of the sun. Anyone within the path of totalitycan see one of nature’s most awe-inspiring sights – a total solar eclipse. This path, where the moon will completely cover the sun and the sun’s tenuous atmosphere – the corona – can be seen, will stretch from Lincoln Beach, Oregon to Charleston, South Carolina. Observers outside this path will still see a partial solar eclipse where the moon covers part of the sun’s disk.Image Credit: Rick Fienberg, TravelQuest International and Wilderness TravelFigure 1- In this series of still from 2013, the eclipse sequence runs from right to left. The center image shows totality; on either side are the 2nd contact (right) and 3rd contact (left diamond rings that mark the beginning and end of totality respectively).Who Can See It?Lots of people! Everyone in the contiguous United States, in fact, everyone in North America plus parts of South America, Africa, and Europe will see at least a partial solar eclipse, while the thin path of totality will pass through portions of 14 states.Image Credit: NASA’s Scientific Visualization StudioFigure 2- This map shows the globe view of the path of totality for the August 21, 2017 total solar eclipse. You can find more information at: https://svs.gsfc.nasa.gov/4518(link is external) (link is external)What is It?This celestial event is a solar eclipse in which the moon passes between the sun and Earth and blocks all or part of the sun for up to about three hours, from beginning to end, as viewed from a given location. For this eclipse, the longest period when the moon completely blocks the sun from any given location along the path will be about two minutes and 40 seconds. The last time the contiguous U.S. saw a total eclipse was in 1979.Figure 3 – Diagram showing the Earth-sun-moon geometry of a total solar eclipse. Not to scale: If drawn to scale, the Moon would be 30 Earth diameters away. The sun would be 400 times that distance.Where Can You See It?You can see a partial eclipse, where the moon covers only a part of the sun, anywhere in North America (see “Who can see it?”). To see a total eclipse, where the moon fully covers the sun for a short few minutes, you must be in the path of totality. The path of totality is a relatively thin ribbon, around 70 miles wide, that will cross the U.S. from West to East. The first point of contact will be at Lincoln Beach, Oregon at 9:05 a.m. PDT. Totality begins there at 10:16 a.m. PDT. Over the next hour and a half, it will cross through Oregon, Idaho, Wyoming, Montana, Nebraska, Iowa, Kansas, Missouri, Illinois, Kentucky, Tennessee, Georgia, and North and South Carolina. The total eclipse will end near Charleston, South Carolina at 2:48 p.m. EDT. From there the lunar shadow leaves the United States at 4:09 EDT. Its longest duration will be near Carbondale, Illinois, where the sun will be completely covered for two minutes and 40 seconds.Figure 4 – A map of the United States showing the path of totality for the August 21, 2017 total solar eclipse.When Can You See It?Times for partial and total phases of the eclipse vary depending on your location. This interactive eclipse map(link is external) will show you times for the partial and total eclipse anywhere in the world.Table 1 – Example of eclipse times for cities in the path of totality.How Can You See It?You never want to look directly at the sun without appropriate protection except during totality. That could severely hurt your eyes. However, there are many ways to safely view an eclipse of the sun including direct viewing – which requires some type of filtering device and indirect viewing where you project an image of the sun onto a screen. Both methods should produce clear images of the partial phase of an eclipse. Click here for eclipse viewing techniques and safety.Figure 5 – Check with local science museums, schools and astronomy clubs for eclipse glasses—or purchase an ISO 12312-2 compliant pair of these special shades!Figure 6 – This list describes when to wear your glasses and when you can safely look at the eclipse, only during totality!Sun watchers gather around telescopes fitted with white light solar filters.Image Credit: NASA Kepler MissionUsing a projection method to view the sun.Image Credit: NASA Jet Propulsion Laboratory. Eclipse 2017: Everything you need to know… LEAVE A REPLY Cancel reply Mama Mia Mama Mia You have entered an incorrect email address! Please enter your email address here August 21, 2017 at 1:48 pm Mama Mia Mama Mia 16 COMMENTS Mama Mia August 21, 2017 at 1:59 pm Mama Mia Reply August 21, 2017 at 8:16 pm August 21, 2017 at 2:09 pm I’m sure somewhere or another on this great earth, a new life will be delivered during the total eclipse, a new human baby or a new animal baby. Maybe hundreds, maybe thousands, or even more, who knows exactly?……kids are happy in some places that they could officially skip school. Eclipse parties gathered to celebrate…. At least the eclipse excitement is a welcome detour from the horrible negative news that has been plaguing us all lately, and for that reason, I celebrate too! Reply Reply Mama Mia Remember……Blessed are the peacemakers for they shall be called the children of God. August 21, 2017 at 1:11 pm Reply August 21, 2017 at 6:44 pm They are now reporting from KY and Tenn. I walked outside, nothing happening yet. Less than 20 minutes away. Another eclipse is coming in seven years, 2024 starting in Mexico goes across Texas and on to the northeast US. Can’t help but wonder will I still be around? Trump coming out of the White House. 11 more minutes for our area. Please enter your name here August 21, 2017 at 1:15 pm Reply August 21, 2017 at 2:27 pm Reply Reply August 21, 2017 at 2:50 pm TAGSEclipse 2017 Previous articleIn case you missed it: The Apopka news week in reviewNext articleOCPS outdoor events cancelled during Eclipse Denise Connell RELATED ARTICLESMORE FROM AUTHOR Reply Gov. DeSantis says new moment-of-silence law in public schools protects religious freedom UF/IFAS in Apopka will temporarily house District staff; saves almost $400,000 It is NOT getting dark here. It is a lot cooler, and that is a relief. I heard some big fireworks fired off in the neighborhood, no surprise around here, as everyone around here, looks for anything to celebrate….LOL. It looks like a thick sliver laying across at the bottom with both ends turned upward and is a peachy color( if that is what it looks like here, as shown on tv) because I am NOT looking at it. Definitely more exciting in other places across the US. Maybe I’ll be around for the next eclipse in seven years, or maybe not, who knows? I really expected it to get darker outside here in Apopka, but it didn’t, especially with the storm that passed. It was fun while it lasted. I find the whole thing creepy and eerie myself, and that was before my reading about the different cultures of the world who have compared solar eclipses as bad omens. From reading some of the data about solar eclipses, they certainly don’t seem to be very lucky to world rulers. Are they just naturally occurring events or maybe signs from God? The crowds in Oregon are awe-stuck, and clamoring with shouts among the people, hollering, clapping and booing. Wow, it is really dark there now. Some are crying there in the crowds! Obviously frightened, at this point….Now it is coming back to light, that fast, wow! The birds there are reacting like it is a new dawn as the lightness returns. Wow this is something else! Mama Mia August 21, 2017 at 1:40 pm Watching the Wyoming viewing now over the mountain tops. People are saying it doesn’t look real! The dogs present among the crowds are reacting! Dogs are so smart! Could be from the people in the crowds howling like wolves however….LOL ! I know one thing, the eclipse is moving very fast across the US. They are saying the sky turns a deep blue instead of black in the total eclipse areas. A unique blue shade. I wonder if the birds and chickens start roosting? Surely they must be confused. They had to buy tickets or pay- to- view in Illinois at the Southern Illinois University. Is nothing free anymore? It is happening right now, viewed by 14 thousand people in the stadiums there. Showed a very thin sliver of a hot orange color, then disappeared very quickly, and is gone! Extreme darkness with an dark indigo blue color….wow! Staying dark longer there than almost anywhere. Some cloud coverage, stadium lights have been darkened, and crowds are roaring in amazement. I’m amazed myself. Now showing a neon Kelly green color halo around the black moon….wow! More amazing than I thought I would see! A spectacular color show that I wasn’t counting on. Share on Facebook Tweet on Twitter Mama Mia Now showing people packed into a football stadium awaiting the total eclipse in Illinois. The news reporter there saying it looks like a Pac-man or Ms. Pac-man currently. I wonder how that reporter gave gender to that??? I guess, actually she couldn’t….LOL Mama Mia I am wondering just how dark it will be here in Apopka? Of course, we have a thunderstorm going on right now that is fading fast. It is beginning now in Central Florida according to the news lady. She said we will see an 80% eclipse from where we are located. I have no plans to look at that thing directly, but I will go out to see how dark it will get at the peak time here, when it moves on over to our area. I do not trust the store bought special glasses made for viewing the solar eclipse, nor would I trust a self-made homemade device to look at the sun directly….not worth it to me, but that is just my opinion. 2:51 pm according to Click Orlando. com, that is our area’s prime view time…..80% to 85% eclipse, they indicate. Moonwalking contests happening to Michael Jackson’s music in Illinois. The crowds there might start mooning…..LOL! Anything with a moon theme is possible, I say! Mama Mia Save the date……April 8, 2024 another eclipse to view, and enjoy, that is, if the giant sized asteroid coming in soon doesn’t move in too closely and smack and sideswipe planet earth. Let’s just lie back in our recliners in the cool ac at home, chill out, and enjoy a rum and coke, and don’t worry, but be happy! That goes for everything else going on too. Peace and goodwill. Amen. Save my name, email, and website in this browser for the next time I comment. Reply Reply Florida gas prices jump 12 cents; most expensive since 2014 August 21, 2017 at 1:36 pm
Please enter your comment! Mayor Jacobs hosting the eventFrom Orange County In an effort to address and discuss affordable housing needs in the Central Florida region, Orange County Mayor Teresa Jacobs will host the Regional Affordable Housing Summit on October 20, 2016. The event will be held from 8:30 a.m. to 4 p.m. at the Orange County Convention Center in the West Concourse. The summit will bring together planners, developers, local government leaders and others from across the region to discuss strategies for more affordable housing options. The registration cost is $25 and 5.5 credits are available for the American Institute of Certified Planners.“It’s imperative that Orange County explore a variety of available housing options to encourage a more inclusive housing market conducive to sustainable communities,” said Orange County Mayor Teresa Jacobs. “This Regional Housing Summit tackles a wide variety of issues and solutions, and will be followed by a number of topic-specific workshops in 2017. Particularly as our economy continues to flourish, it is vital that we take action to help support a robust housing marketplace.”Affordable housing options might include, but are not limited to, mixed-use/mixed income neighborhoods, transit-oriented developments and various housing prototypes. Tools and strategies that will be discussed at the summit will help attendees identify areas most suitable for affordable housing, provide an overview of regulatory mechanisms and monetary incentives available, and summarize various affordable housing options that could be used to facilitate a diversity of housing choices for a growing population.Keynote speaker s Andrés Duany, partner at Duany Plater-Zyberk & Co.. Duany is an architect, urban designer, planner and author, and has dedicated over three decades to pioneering a vision for sustainable urban development and its implementation. He will discuss creative solutions for affordable units.Orange County has allocated $5 million of local INVEST funds to be leveraged with other public and private resources to create new affordable units for low and very low income households.In addition, Orange County received the largest allocation – $6.2 million – of State Housing Trust Funds since 2009 under the State Housing Initiatives Partnership Program (SHIP). These funds, coupled with INVEST funds, will create a strong leveraging platform upon which many affordable housing units can be constructed.For more information about the Regional Housing Summit, go here. Please enter your name here You have entered an incorrect email address! Please enter your email address here Save my name, email, and website in this browser for the next time I comment. Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 TAGSHousing SummitMayor Teresa Jacobs Previous articleFEMA warns of scam artists and price gougingNext articleA Fire Prevention Week message from Apopka’s Fire Chief Denise Connell RELATED ARTICLESMORE FROM AUTHOR Support conservation and fish with NEW Florida specialty license plate LEAVE A REPLY Cancel reply The Anatomy of Fear Share on Facebook Tweet on Twitter
AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 12 October 2004 | News MSN’s long-awaited search engine is getting closer to launch, and is now offering previews of its search technology, so you can check how well your charity’s Web site will rank.While Google still dominates online searching and promotion, there are a few other search engines that charities and other organisations should pay attention to. MSN, owned by Microsoft, would certainly be one of these, and might become more important when it launches its improved search engine.You can get an idea of what the new MSN search engine will deliver from the company’s preview version. Advertisement Try out the various keywords that you want your charity’s site to be found under. How do they perform? If you’re not satisifed, MSN encourages you to make suggestions for improvements to them.We were pleased to see that on a search on “fundraising”, UK Fundraising managed second position, out of 9,338,721 listings related to fundraising. We are currently second on Google for the same search. Tagged with: Digital Individual giving MSN offers preview of new improved search engine 26 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.
NewsLocal NewsLimerick raises €650 for ADAPT and Rape Crisis MidwestBy Staff Reporter – February 15, 2018 1227 Lucia Frunza, Jess Angland, Lorraine Gallagher, Andrea Santarelli, Siobhan O’Malley and Deirdre Barrett A special Valentine’s Day coffee morning to mark V-Day, the global campaign to end violence against women and girls, has raised over €650.The event at Green Yard Café raised a total of €664.78 for local charities ADAPT Domestic Abuse Services and Rape Crisis Midwest.One in five women in Ireland have experienced some form of domestic abuse or sexual violence and funds raised from the V-Day event will go towards supporting local services provided by ADAPT Domestic Abuse Services and Rape Crisis Midwest.Sign up for the weekly Limerick Post newsletter Sign Up Valentine’s Day coffee morningSpecial Valentine’s Day themed food at the Coffee Morning was provided by Green Yard Café, and the event was supported by businesses including Bellissimo, The Happy Candle, The River Hair Studio, Hotel Meyrick and Renaissance Hair Gallery.For more details on ADAPT Domestic Abuse Services or Rape Crisis Midwest see Facebook, www.adaptservices.ie or www.rapecrisis.ieMore local news here. Email Launch of 1 Million Stars to End Violence: Limerick Project Print Facebook WhatsApp Make Valentine’s Day at home extra special this year Previous articleBellX1’s David Geraghty will bring the funkNext articleJoy for readers as renowned author Billy O’Callaghan arrives in Limerick Staff Reporterhttp://www.limerickpost.ie Scéalta Grá na hÉireann – 6-part series about Ireland’s Greatest Love Stories Grace O’Malley & Iron Richard Bourke Wednesday 17th 8:30pm TG4. Advertisement RELATED ARTICLESMORE FROM AUTHOR TAGSADAPT Domestic Abuse ServicesBellissimo Hair SalonGreen yard cafeValentine’s Day A Valentine’s bouquet that hits all the right notes Twitter Limerick Post Show | Metis Music for Mental Health Suffering in silence Linkedin
Related posts:No related photos. Comments are closed. Progressive giants lead the wayOn 5 Feb 2002 in Personnel Today Innovative firms such as BAE Systems and Baco have broken down barriers inaccepting that outsourcing is both safe and desirable in the world of HR.RebusHRCEO Gareth Denley and Xchanging MD Richard Houghton air their views onthe state of the market. Rob McluhanreportsThe value of outsourcing has been well understood for more than a decade inIT, accounting and payroll, but until recently was less recognised in the caseof HR. Perceptions are now changing rapidly, however. Mega US-based deals, such BP Amoco’s with Exult which led to the outsourcingof virtually the whole of its personnel function two years ago, blazed a trailthat other companies are starting to follow. This is a market that is set to grow and grow. That’s the belief of othermajor newcomers such as Xchanging and of well-established players such asRebusHR, which are both rapidly acquiring new customers in this area. Butalthough the benefits are starting to be acknowledged, there is still somehesitancy about letting a third party take control of what many see as acentral function. “It is early days for the outsourcing of true business processes suchas HR and accounting, as opposed to IT and purely technical services,”comments Richard Houghton, managing director of Xchanging. “One reason isthat it’s actually quite difficult to do successfully. We are also finding thatcompanies need time to get their head around the strategic implications. Thecloser it gets to their core business, the longer it takes them to decidewhether they want to go ahead with it.” Despite being at an early stage of its evolution, economic trends suggestthis is a market that can only expand, he adds, as companies seek competitiveadvantage by focusing on core business and letting third parties handleday-to-day administration. Houghton believes the companies that are making the most use of outsourcingat present are those that are progressive and therefore more willing to takerisks. An obvious example is BP, which effectively started the process byoutsourcing its business processes to Andersen Consulting in the late 1980s,before its ground-breaking HR deal with Exult (in the US). Houghton also cites BAE Systems, where Xchanging has set up a contract worthover £1bn to manage its procurement, HR and other administration functions.”We regard BAESystems to be the leading UK manufacturing company, used todoing innovative deals and partnerships,” he says. “We saw it as apotential partner because of its progressive nature.” The partnership has given Xchanging the opportunity to expand into othercountries too, to look for business in Europe and America. Giant start-ups may be grabbing the headlines, but long-establishedproviders of outsourced payroll and HR services are also making inroads. One isRebusHR, whose £75m turnover includes an increasingly significant outsourcingelement. The company currently has 13 clients in this market, mainly smallerbusinesses such as Opus, and Baco Consumer Products. “Companies have got used to outsourcing to a specialist provider,”says CEO Gareth Denley. “What is new is the idea of outsourcing everythingin HR, including such things as expatriate benefits and outplacementactivities.” “That is a potential we have known about for a while, but in the lastyear it has suddenly become a reality. The likes of Exult and Xchanging havelegitimised the market, with very large clients who clearly understand itsimportance as part of modern business life.” But the possibilities still remain to be developed, says Denley. Outsourcingcontinues to be a foreign concept to most companies. He notes that 60 per centof firms n the UK and in the US still handle their payroll in-house. However,he foresees outsourcing services growing very substantially as newcomers jointhe fray. RebusHR itself expects to grow its client base, and will probably includelarger organisations than those it is used to dealing with. However, it isunlikely to compete for top-end business with the big start-up companies, whichcan transfer resources from large multinationals very quickly and so havesubstantial revenues to play with. As the main driver for growth, Denley agrees with Houghton in identifyingthe value to organisations of freeing up HR resources in order to focus onstrategic initiatives. “It’s the same story with all companies – there is so much to do and somuch administration to drive, that they find it all-consuming,” he says.”So they look to outsourcing as a way of getting best practice implementedwhile retaining a team to focus on the strategic needs.” “The principles are the same,” Denley continues. “It’s abandwidth issue. Companies all want to drive out self-service functions toemployees, and they want to provide flexible benefits and best practice,because keeping good people is the name of the game. But they can’t do that andworry about where the business is going strategically at the same time.” The outsourcing of finance functions has become relatively common, so HR isthe next logical step, Denley continues. One reason why HR has not moved as quickly in this respect as otherfunctions is the variety of legal practices relating to global employment. But the perception that it is a barrier to rationalisation is starting todiminish, partly due to the example of BP, which required its outsourcingpartner to create consistency across all the territories where it has apresence. “It used to be thought of as being too difficult, but that’s no longerthe case,” explains Denley. “That’s one reason why larger companiesare doing it and why it will eventually become the norm.” The need for companies to attract and keep talent now outweighs any worrythat change is destabilising and therefore dangerous, he concludes. “We have jumped the hurdle. Businesses realise that outsourcing is theway forward in achieving best practice and a focus on strategic goals.” Previous Article Next Article