Documentation is vital when lending money to people and businesses. A promissory note is an example of such documentation. It is a written promise by the debtor/borrower to pay back a specified amount and any applicable interest fees under defined terms of payment. Examples of payment terms include a predetermined …
The origin of job evaluation can be traced to the United States Civil Service Commission in 1871. However, it was not until the 1920s that the first point system was developed. In addition, the National War Labor Board advocated for the implementation of job evaluation to promote wage equality during …
An essential aspect of any business that is crucial to the success of freelancers, self-employed individuals, contractors, and other businesses is the writing of bid proposals. Since drafting a proposal for a bid is difficult, you must distinguish yourself from the competition as a bidder by developing an attention-grabbing bid …
An employee performance evaluation, or simply a performance review, is a unique process designed to assess and review an employee’s professional performance. In most cases, managers are responsible for conducting employee performance evaluations. Even though every business determines its employee evaluation cycles, most conduct a complete performance evaluation annually, with …
Peer evaluation is a process that enables you to give an honest assessment of your colleague’s performance. It is an activity carried out by one or more individuals who occupy jobs of the same level in an organization and belong to the same teams or departments. Peer evaluation is also …
A lease termination letter is a document written as a formal notice of terminating a lease agreement. It is written by the tenant or landlord, whoever wishes to end the lease, to the other party in the lease agreement. The letter is a legal document that protects the sender from …
Many companies depend on external suppliers to acquire the resources they need to produce goods or provide services. For example, a car manufacturer may use different vendors for supplying steel, electronics, and tires. A vendor is a supplier of goods or services to consumers or businesses. They can be an …
A letter to editor is a document written to a publication, such as a newspaper, magazine, or other printed media. It can be used to raise awareness, inform, support, or oppose an issue. Typically, once your letter is received and approved, it is published within the first section of the …
In an organization, effective and efficient communication is crucial to the company’s success. With proper communication channels, there will be a flow of relevant information from the executives to the subordinates. One of the most effective ways of communicating in an organization is through a memo as it enables mass …
An insurance resume is a formal document that job applicants use to apply for the insurance agent position. They are used to highlight the applicant’s skills, qualifications, experience, and suitability for the role of an agent. A well-written resume highlighting your skills and abilities over other applicants is crucial. The …
A persuasive sales letter is a powerful tool that businesses can use to effectively reach prospective customers and persuade them to buy a product or service. Sales letters are vital for businesses and firms that do not have the potential or resources to address their prospects via television and other …
A biography is a written account of a person’s life story, career, or expertise in a particular field or industry. It is factual and focuses on major professional accomplishments and goals, academic achievements, work experience, and skills. It is commonly used in various professional contexts, such as websites, resumes, social …
Letters are still the most common form of correspondence in business due to their effectiveness in delivering information. Though slower than other types of communication like emails, they are still reliable, especially when records have to be maintained. They can be used for internal correspondence between colleagues, departments, or franchises …
Contracts are an integral part of our daily lives, encompassing a wide spectrum of agreements ranging from formal written documents to verbal understandings between individuals. In many cases, both parties involved in the agreement have specific obligations that they must fulfill in order to bring the contract to its intended …
An employment contract is a legal requirement for organizations in various sectors. It is signed when an employee is hired, and henceforth, specific standards are expected of them while working for the organization. Employment contracts also assist employers by reducing employment liability concerns. This article aims to guide an employer …
Going on a trip can be exciting, but it can also be very stressful. This is particularly true for first-time travelers who may not know what to pack or how to prepare adequately for their tour. Even for seasoned travelers, packing for a trip can be challenging. With so many …