4 ways top leaders can build resilience in their teams

4 ways top leaders can build resilience in their teams4 ways top leaders can build resilience in their teamsWork can be a gratifying distributions-mix where people are able to extend themselves, overcome challenges, and find purpose and belonging. Yet despite the potential for work to contribute to individual growth and development, it often falls short of these aspirations.Today, stress in the workplace is a growing concern for both employees and their employers. This is theresult of changes including thedecline of manufacturing in several countries, and downsizing and the resulting lay-offs.The increased use of mobile phones, laptop computers, and PDAs often means that employees dont ever really leave work, which can limit downtime to recover from workplace stress.Too much stress can have a negative effect on employee resilience, the capacity to bounce back quickly from stressors and adversity.So how can we ensure thatwork is a place of flourishing, rather than a place where indivi dual resilience is eroded?The answer could lie with managers. Here are four ways managers can supportthe resilience of employees.1. Reduce unnecessary obstaclesHindrance stressors are workplace demands that can impede goal achievement or personal development. A good example of a hindrance stressor is bureaucracy or considerable administration that is a barrier to actual work outcomes.Research thatI didin 2016 with Ben JosephSearle demonstrated thathigh levels of hindrance stressors have the potential to erode the degree that employees see themselves as resilient over a period as short as three months.Managers often underestimate the impact that these frustrating stressors have on employees lives and wellbeing. They also may not considerhow changes thatincrease the amount of administration or red-tape can negativelyaffect employees.These stressors should be identified, minimized, or removed all together. Managers need to play an important role in protectingtheir employees from hindra nce stressors. They should seek to identify improvements to processes and question the need for excessiveadministration.2. Promoteadaptive behaviorsHow managers respond to setbacks is another critical aspect of managing for resilience. A managers response can either be a model for building resilience or eroding it.When managers showresilient behavior and thinking, they caninspire it in others. These behaviors and thinking styles might includepromoting optimism and agency about the achievement of organizational goals, celebrating success, and promoting learning from, but not dwelling on, failure.3. Develop a sense of purpose and belongingManagers are in a unique position to develop a collective sense of purpose, cohesion, and belonging among their team members.Organizational psychologists have described the benefits of organizational belonging during times of organizational change. Research has also shown that the more resilient families tend to promote family cohesion, celebrate fam ily events, develop a culture of their own, support and advocate for one another, and display good communication.You can probably think of a manager you have worked with whowould ventabout other team members. Now consider the impact this had on you and the people you worked with. In contrast, a manager who is willing to celebrate team success or sincerely takes on feedback appears to have only positive effectson the employees in their charge.4. Give employees what they need to cope with the demands of their rolesManagers need to be willing to ask, listen, and respond to the strategies that employees believe will help them to cope. Access to coping resources can be many and varied and may be as simple as allowing employees greater flexibility in their work schedule so that they can respond to the stressors in their personal lives, or take breaks when needed.This point reflects thefrequent observation among psychologists that most people are resilient and have an aktion understanding ofhow they can adapt to the challenges they face.Although employee resilience can at times seem insurmountable, making the nurturing of resilience part of a managerial roleshows a positive way forward.Dr. Monique Crane isa lecturer in Organisational Psychology at Macquarie University, Sydney, Australia and the editorof Managing for Resilience A Practical Guide for Employee Wellbeing and Organizational Performance.

Customize this Outstanding Performance Engineer Resume Sample

Customize this Outstanding wertmiger zuwachs Engineer Resume SampleCustomize this Outstanding Performance Engineer Resume SampleWhen a hiring manager abflugs to review applications from candidates, it is likely that the resume will be the fruchtwein important document that they use to make their decision. In fact, in many cases, this may be the only thing they review for any one candidate. This means that you need to make your resume as strong as possible if you are going to start applying for work. This performance engineer resume sample and writing guide is designed to help you understand exactly what you can do to appeal to employers best and improve your chances of being hired significantly.Create Resume Miranda Stetson100 Broadway Lane New Parkland, CA 91010Cell (555) 987-1234mirandastetson.comProfessional Summary Detailed Performance Engineer with in-depth knowledge of testing requirements and procedures, as well as script validation. Familiar with the current performance moni toring software and programs. Excels at script creation and development.Core QualificationsPerformance testingScript validationPerformance monitoringReport preparationScript testingProcedure analysisLoad testingCode reviewRoot cause analysisScenario developmentExperiencePerformance Engineer, January 2011 March 2015Federated Healthcare New Parkland, CAGathered and analyzed business and performance procedures.Executed hardware performance tests.Responsible for the setting of performance monitors.Provided weekly updates to clients.Performance Engineer, January 2007 January 2011ABC Building Corporation New Parkland, CADesigned scenarios and environment for load testing.Conducted performance, load and stress testing.Conducted requirement and case analyses.Created and executed test scripts.Education2006 Bachelor of Science, Computer ScienceNew Parkland University New Parkland, CACustomize ResumeWhy Is This a Good Performance Engineer Resume Sample?To better understand why this is a s trong resume, take a look at each section individually. The summary is how the resume starts, and it is kept brief. It acts as a hook that encourages employers to continue reading. Also notice that it is only three sentences long. While you can opt to use bullet points instead of sentences, this is the recommended length.This performance engineer resume sample has a slightly longer skills section. This is just about as long as you would ever want this section to be. It is also important that each skill relates to the position you are applying for directly. No matter how impressive a skill is, if it is irrelevant, it is ultimately damaging your resume.The work history section is the longest because it is the most important section. Employers are most interested in your previous working experience. Just like this performance engineer resume sample, you should list several positions beginning with the most recent and going backwards. If it is a currently held position, describe it in p resent tense, otherwise use past tense. Each position you describe should have between five and eight bullet points, each of which have a strong action verb for their first word. Some example verbs from the sample resume that fit this position particularly well include gather, execute, design, and provide. When deciding which verbs to use, think about what actions your daily responsibilities required you do fulfill. Finally, the resume sample finishes with the education section. It is the shortest section and is kept to a minimum. You only need to mention the name of your school, the type of degree, and the date of graduation. You should not mention your high school or GPA unless the hiring manager requests this information specifically.Why You Need a Strong Performance Engineer ResumePositions of management are some of the most numerous jobs. While this does mean there are many openings, it also means many people apply for them. Additionally, the standards for who employers hire ar e very high. If you want to have a shot at interviewing for the job, you need to make a strong impression with your resume immediately. Some studies have shown that hiring managers spend an average of six seconds reviewing each resume before moving on simply because of how many they need to get through. Use this performance engineer resume sample and make sure yours catches their eye.Costly Performance Engineer Resume Mistakes To AvoidOne of the biggest mistakes you can make is disorganization when writing your resume. Remember that you are trying to stand out from the crowd, so you need to know exactly how you plan to accomplish that. First, make sure you are specific and exact with everything you write. Speak with confidence to be much more appealing. It is also a good idea to include real metrics in your resume to add credibility and give a more solid example of what you could bring to the table. Another strong strategy is to include keywords and phrases from the job description. Not only does this make you seem like a perfect fit for the position, it also makes it perfectly clear that you read the job description and carefully considered it. Of course, it is important to follow the formatting standards this performance engineer resume sample demonstrates as well.ConclusionTo write a resume that will stand apart from all the competition and impress any employer who reads it, make sure you put in the time and effort and revise your resume multiple times. Implement all the tips and strategies in this performance engineer resume sample to strengthen it as much as possible.

Living Trust FAQ - United States

Living Trust FAQ - United StatesLiving Trust FAQ - United StatesWhat is a Revocable Living TrustWhat is a Revocable Living Trust?A trust created while a partie is still alive is called a Living Trust. The Living Trust is created when one person, a Grantor, places property into the trust. The property is held by a Trustee in the name of the trust and managed by the Trustee for the benefit of a Beneficiary. You (the Grantor) can be the Trustee and Beneficiary of your own Living Trust, and retain management control over your own property.What are the benefits of a Revocable Living Trust over a brde Will (probate court)?Probate court will mean additional expenses, delay, and loss of privacy. A Revocable Living Trust should help you avoid many of the expenses and delay of Probate Court. Your beneficiaries will usually have unrestricted and uninterrupted access to income and assets after your death as long as you do leid have significant unresolved debts. Note also that Probate Court is a public record with a resulting loss of privacy. In addition a Revocable Living Trust can be set up to smoothly manage your afritterlichs in case of temporary disability. What are the drawbacks of a Revocable Living Trust?A Living Trust can be mora trouble to set up and maintain or modify. Title to all property must be individually transferred to the trust including land, accounts and securities. You will probably still need a simple Last Will to distribute any remaining possessions or cash not contained in your Living Trust. How does a Revocable Living Trust work?When a trust is created, a Trustee must be appointed to manage the trust. With a Revocable Living Trust, you (the Grantor) are alfruchtwein always the Trustee as well as the initial Beneficiary as long as you are alive. When you (the Grantor/Trustee) die, then the duties and obligations of managing the trust shift to the Successor Trustee. At the time of your death the trust is no longer revocable and the terms of the trust can no longer be changed.If I set up a Living Trust can I be my own trustee?Yes. In fact it is very common for a grantor to act as their own trustee. One of the benefits of a Living Trust is that the grantor can retain control over their own property for the rest of their lives. You must however designate a Successor Trustee who will take over management of your Living Trust after you die.So if I create a Living Trust then I dont have to worry about probate?Not true. Any property that you do not transfer to your trust will still be subject to probate. You must ensure that you have transferred as much property as possible into your Living Trust including bank accounts, investment accounts, real estate, and business interests. If you have substantial debts and obligations then probate may also be advisable to limit creditor rights, and limit the time that your Revocable Living Trust can be challenged. Probate may also be required to establish homestead position for your primary resid ence.Are there other ways to avoid probate?There are other ways to avoid the expense and delay of probate. By holding property jointly (with rights of survivorship) with your spouse or partner the surviving spouse or partner simply assumes full title to joint property on your death. In addition, in the case of life insurance policies and retirement accounts, assets may be directly transferred without probate by naming specific beneficiaries in the policy. You may also avoid probate by simply making a gift of property before your death. However, you cannot do this for the purpose of hiding assets or avoiding debts as a court may find this to be a fraudulent conveyance and may reverse or void the gift.Will beneficiaries have instant access to my assets and property after my death?No. The trustee must first ensure that all legally enforceable debts and obligations of the grantor are resolved. Only then can the trustees make a final distribution of the trust assets and property.Is a Tes tamentary Trust the same as a Living Trust?No. A Testamentary Trust is created by a Last Will and Testament on the death of the grantor. A Living Trust is created during the lifetime of the grantor and therefore can often be managed by the grantor acting as trustee. A Living Trust becomes effective as soon as it is created. A Testamentary Trust is created on the death of the grantor.What is the difference between a revocable and irrevocable trust?An Irrevocable Trust is permanent and cannot be revoked or amended even by the grantor and the property assigned to the Irrevocable Trust cannot be returned to the grantor. A Revocable Living Trust can be amended or revoked by the grantor during the lifetime of the grantor. Once a grantor dies then a Revocable Trust becomes an Irrevocable Trust and a successor trustee will assume management of the trust. An Irrevocable Trust may have tax advantages over a Revocable Trust where the Irrevocable Trust will be treated as a separate taxable enti ty however gifts made to an Irrevocable Trust may still be included in determining the value of an estate for estate tax purposes.Are there any benefits to probate court?Anyone with a claim against your estate has up to two years to file a claim. That could mean that your trustee may not want to distribute assets to your beneficiaries until two years has expired. Probate court has a specific claim process and probate law limits the period for filing claims to a much shorter period usually only 3 months after the first publication of the notice to creditors. Probate court also has a voreingestellt process for objecting to claims.What happens if I dont have a Last Will or a Living Trust?If you do not have either a Last Will or Living Trust then upon your death the probate court in the state where you die will apply standard rules to distribute your property and assets among your surviving spouse and family. These standard rules may not provide the best result for the requirements of your family. In addition, a court may select a guardian for any minor children and that guardian may get control of the property and assets that belong to that minor child. Is a Revocable Living Trust right for me?How do I know I need a Living Trust?Whether a Living Trust is the best fit for you depends on your personal circumstance. If you are young and healthy and have only modest assets, it may be that a Last Will is an adequate solution for your needs. Anyone who is concerned about the distribution of their estate may want to have court supervision over the administration of their estate and would therefore prefer probate court. You must also find an individual that you trust to act as trustee over your property for a potentially long term commitment. If you are uncertain about what is the best solution for your situation then you may wish to obtain qualified legal advice.I am married and our property is jointly held. Do I need a Living Trust?Where property is jointly held betwe en husband and wife, probate will not usually be necessary for those assets because title to those assets will automatically transfer to the surviving spouse. However an older couple may wish to create a Revocable Living Trust with both spouses acting as co-grantors and co-trustees. Of course if you are concerned about privacy then you may wish to create a Living Trust anyway. If you are uncertain about what is the best solution for your situation then you may wish to obtain qualified legal advice.I am young-ish and have only modest assets. Do I need a Living Trust?If you are young and healthy and expect to live a long time then a Living Trust may be a clumsy way to manage your assets on an ongoing basis. In this case a Last Will is probably adequate. If you are young but have substantial assets then you may not want to take a chance, in that case you may still want to create a Living Trust to ensure that probate costs are minimized in the event of your untimely death. Of course if you are concerned about privacy then you may wish to create a Living Trust anyway. If you are uncertain about what is the best solution for your situation then you may wish to obtain qualified legal advice.I think estate taxes may have to be paid on my estate. Will a Living Trust help me reduce my taxes?If the fair market value of your estate is greater than the available unified credit (currently $1,000,000) then your estate will have to pay estate tax on the amount greater than the credit. For example, if the fair market value of your estate is $1,400,000 then federal estate tax would be due on $400,000. Giving away part of the value of your estate to a Revocable Living Trust does NOT help you reduce the fair market value of your estate. A Living Trust is not a tax loophole. If you are confused by any of this or if the fair market value of your estate is greater than the available credit (currently $1,000,000) then you should seek qualified legal advice. TrusteesWhat are the advan tages of a Corporate Trustee?A Corporate Trustee (bank or trust company) avoids the issue of losing a trustee because of death, incapacity or resignation of an individual trustee. This can be especially helpful if the trust will be required for an extended period. If you are having trouble deciding on a reliable trustee then a Corporate Trustee can be an option. A Corporate Trustee may be more experienced in money management and investing than a family member.What are the disadvantages of a Corporate Trustee?A Corporate Trustee may charge more to manage your trust than a family member would charge because a Corporate Trustee will be more experienced in money management and investing than a family member. If you are dissatisfied with the performance of a trust it may be difficult to get rid of a Corporate Trustee. A Corporate Trustee only has to show the court that their investments were reasonable. Usually there would have to be a serious breach of trust before the courts would act to remove a Corporate Trustee. In addition, a Corporate Trustee will use your own trust funds to fight you in court. A Corporate Trustee may simply invest your money in their own mutual fund. In this case you will be charged for mutual fund management fees as well as trust fund management fees. This will use up a considerable portion of the income of your trust fund but would probably be considered reasonable by a court.TaxesDoes a Living Trust help avoid taxes?No. A Revocable Living Trust is not a loop-hole in the tax law. A well structured Living Trust is no different than a well structured Last Will for minimizing taxes. Income earned by property in the Living Trust will be taxable annually as income tax in the name and social security number of the grantor (Thats you). In addition, on your death, estate taxes may also be payable out of the assets of your Living Trust. In fact, upon your death, your Successor Trustee is obligated to provide notice of the existence of your Living Trust. If the assets controlled by your Last Will are insufficient to pay your outstanding debts and obligations, then the personal representative of your Last Will is entitled to receive payment out of your Living Trust to satisfy any of your outstanding debts and obligations.Who pays taxes on the income earned by the trust?The grantor retains title to the trust property during his or her lifetime. The grantor therefore is responsible for paying tax on any income earned by the trust while the grantor is alive. So what about those estate taxes?When you die, federal estate taxes may be payable depending on the fair market value of your estate. Some states may also charge an estate tax. Note that you can be compelled to pay your estate taxes out of your Revocable Living Trust - there is no special protection in a Revocable Living Trust. This means that your Successor Trustee and the Executor for your Last Will must both work to ensure that all your taxes are paid. If the fair market v alue of your estate is greater than the available unified credit (currently $1,000,000) then you should consult a qualified lawyer in your jurisdiction to help you minimize your estate tax burden. The value of your estate will include the fair market value of all assets, the value of any previous gifts plus the proceeds of any life insurance policies.Are there any exemptions to estate tax?Exemptions exist that protect at least a portion of your estate from estate tax. Any valuation above the exempt amount is taxable. Note that unterstellung exemption limits change regularly so you should stay informed. The valuation of your estate may include cash as well as the fair market value of securities, real estate, insurance, trusts, annuities, business interests and other assets. Remember If your estate has a value above the allowed exemption then you may wish to consult a tax accountant or tax attorney to help minimize your estate taxes.What about the homestead tax exemption in Florida?Fo r your primary residence to qualify for homestead status in Florida, real property must be owned by a natural person. Homestead status allows for a homestead tax exemption as well as exemption from creditors. However, homestead property held in a Living Trust may not be provided creditor protection under bankruptcy law. Consult a qualified legal professional if you are not certain how to proceed.Protection against creditorsDoes a Living Trust protect my assets against creditors?No. A Revocable Living Trust is NOT a loop-hole to help you avoid creditors. A Living Trust does not protect your assets from a legally enforceable debt. While you are still alive or after you are dead, a legally enforceable debt can be resolved out of the assets of your Living Trust.Is homestead property held in a Living Trust still protected against creditors?For your primary residence to qualify for homestead status in Florida, real property must be owned by a natural person. Homestead status allows for a homestead tax exemption as well as exemption from creditors. However, homestead property held in a Living Trust may not be provided creditor protection under bankruptcy law. Consult a qualified legal professional if you are not certain how to proceed.Completed DocumentWhat do I do now?When your Living Trust is signed, witnessed and notarized then you must transfer property into the trust. You must transfer real property (real estate) to the trust by a properly executed deed. Personal property (cars, jewelry, furniture) is transferred by a properly executed bill of sale. For bank accounts, bonds, stock certificates and other intangible assets you must talk to your account representative for the appropriate title transfer forms.DefinitionsWhat is probate?Probate is a court supervised process that oversees the orderly distribution of assets and property left by the deceased. This includes the payment of all legal debts of the deceased and the subsequent distribution of the remaining es tate assets among beneficiaries. Remember A Revocable Living Trust is NOT a loop-hole to help you avoid creditors. Note also that all your property does not have to go through probate. Any property that is jointly owned with rights of survivorship, such as your house which is usually jointly owned with your spouse, will automatically pass to the surviving joint owner. Life insurance policies, annuities, and retirement plans all with a valid designated beneficiary would transfer directly to the beneficiary and would not go through probate.What is a Grantor?A Grantor (also known as settler or trustor) is the person who creates the trust and contributes most or all of the assets or property to the trust.What is a Trustee?A trustee is the person or persons who actively manage the trust property for the benefit of the beneficiaries. The trustees are allowed to manage the trust property substantially as if it was their own however actual title to the property would remain in the name of the grantor while the grantor is still alive otherwise title to the property is held in the name of the trust. The trustee is usually paid a fee for managing the trust property.What is a Successor Trustee?A successor trustee will be the person or persons who take over the management of the trust upon the death of the grantor or if the grantor becomes incapacitated and is unable to manage their own affairs. During the lifetime of the grantor the Living Trust may be managed by the grantor himself, however a trustee (the successor trustee) must be identified who will take over the management of the trust after the death of the grantor.What is a Corporate Trustee?A corporate trustee is a company such as a bank or other financial institution that provides professional services for the management of trusts. A corporate trustee is often more objective and has more investment experience than a family member however you may appoint both a corporate trustee as well as an individual person to act jointly to manage your trust. You can expect a corporate trustee to charge a substantial fee for their services. Despite the extra cost, a corporate trustee has some distinct advantages. A corporate trustee is experienced in investment management and will continue to act indefinitely whereas a person acting as trustee may wish to quit eventually or may become sick or incapacitated or die.What is a Beneficiary?The beneficiary is the person or persons for whom the trust is for. After the death of the grantor, the trustee will divide the trust property among the beneficiaries in accordance with the terms of the trust.What is a Pour-Over Will?A Pour-Over Will is used to transfer all remaining property of the estate into the Living Trust. This simply ensures that all remaining property is transferred into the trust. The Pour-Over Will must still go through probate before property can be transferred to the trust.MiscellaneousIf I have a Living Trust do I also need a Last Will?Yes. You should still make a Last Will to distribute all the assets and property not held in your Living Trust. It is unlikely that you will be able to transfer all property into your Living Trust. Cars, personal property, checking accounts, debts owed to you, or even an outstanding income tax refund could all be sitting outside your Living Trust when you die. Whatever is left of your estate including all property that was not transferred to your Living Trust will be distributed through your Last Will. But if you minimize the amount of property held outside your Living Trust you should be able to minimize the costs and delay of probate and maximize your privacy.What happens if a Grantor takes up residence in a different state?As long as the original Living Trust was properly created according to the requirements in the original jurisdiction, it will be accepted as valid in other states.How should I describe my property?Provide an accurate description of the assets you wish to transfer to yo ur Living Trust. Include account numbers and serial numbers as well as a thorough description where possible. Include a proper legal description for any real estate to be transferred.