Home » Blog » Business » Internal Communication – Doing Research and Creating a Clear Objective And Plan

Business

Internal Communication – Doing Research and Creating a Clear Objective And Plan

Internal Communication Doing Research and Creating a Clear Objective, Creating a healthy organization is essential to start and run a business successfully.

Published

5 years ago

December 19, 2019

Jeremy Williams

Creating a healthy organization is essential to start and run a business successfully. You have to unify and engage your workforce in a joint mission. This is much more possible to achieve when you have a reliable two-way internal communications plan and feature-rich internal communication software. To make sure that your internal communication is efficient and focused, you have to perfect your domestic communication plan. You have to utilize all available avenues of communication. This can offer many benefits for your employees and your organization as a whole.

Internal Communication

Serious employees are always passionate and proactive. If you recognize and appreciate their work, they love to contribute to their jobs if they know how their work fits in the mission of the company. Let them understand the purpose of their work. Doing so will help them in understanding that their contribution is valued. When your organization is facing some challenges or problems, make your employees a part of the actual dialogue on the challenge. This can inspire your employees for higher engagement.

This, as a result, can make your employees happier and involve them reduce employee attrition, and therefore also save money on training new employees. Happy employees are always more productive. Good internal communications have also been shown to boost the bottom line for businesses. It is not a difficult task to accomplish. All you need is an excellent domestic communication plan partnered with useful internal intranet software.

1. Research Your Plan

First of all, you need to know where you want to go and then devise a plan. There has to be an action plan. You need to understand where your organization is now and where you want to go.

It takes energy and commitment to adopt and implement a new internal communication plan. It would help if you involved all the key stakeholders in the planning process. Your employees are the key stakeholders. Learn how your employees want to communicate internally. After all, they are going to share most of the information.

It is essential to survey their thoughts. This will produce yourself with a larger picture. You should also consider focus groups and dig deeper into the challenges you’re facing at present. If you are using some internal communication tools, analyze them. To make improvements, you need to find problems. See if you need to invest in internal communication software. This will help you in having a system in place.

2. Create Clear Objectives and Plan

Once you have completed your research, it’s time to set clear objectives and create a clear plan to achieve those objectives. Your research leaves you with raw data. You need to analyze and use this information to identify and set internal communication aims and create a plan to achieve these aims. In addition to the usual planning for setting actionable objectives, responsibilities, deadlines, and timelines, it takes a team to create a plan. All team members have to agree on clear outcomes.

You need to define your internal communication plan in measurable objectives.

What do you want to achieve with this plan?
When will you be able to measure your goals?
How will these measurable objectives help?

It would help if you had a SMART plan

S – Specific
M – Measured
A – Attainable
R – Realistic
T – Timely

Though it is essential to have a smart strategy, however, this is not the only thing you need. You need to choose the right one from available internal communication platforms. Choosing internal communication software should also be a part of the planning. Your communication much depends on your internal communication software.

Business

Navigating the Process of Selling Deceased Estate Shares

This article aims to provide a comprehensive guide to selling shares from a deceased estate. Process of Selling Deceased Estate Shares.

Published

6 months ago

May 9, 2024

TwinzTech

Navigating the Process of Selling Deceased Estate Shares

Table of Contents

1. Understanding the Basics of Selling Deceased Estate Shares

Dealing with a deceased estate can be a challenging and emotional process, especially when it comes to handling financial assets like shares. This article aims to provide a comprehensive guide to selling shares from a deceased estate.

2. What are Deceased Estate Shares?

Deceased estate shares refer to the stocks and shares that were owned by an individual who has passed away. These shares become part of the deceased’s estate and are subject to the terms of their will or estate plan.

3. The Importance of Valuing the Shares

The first step in selling deceased estate shares is to obtain a current valuation. This valuation is crucial for several reasons: it helps in distributing the estate among beneficiaries, it may be necessary for tax purposes, and it gives an idea of the market value of the shares.

4. Legal Requirements and Executor Responsibilities

The executor of the estate plays a pivotal role in the management and distribution of the deceased’s assets. This section will cover the legal responsibilities and steps the executor needs to take to lawfully sell the shares.

5. Obtaining Probate

Before any action can be taken with the shares, it’s often necessary to obtain probate. Probate is a legal process that confirms the executor’s authority to deal with the deceased’s assets.

Transferring Shares into the Executor’s Name

Once probate is granted, shares may need to be transferred into the name of the executor. This process varies depending on the company and the type of shares.

6. The Process of Selling Shares

After completing legal formalities, the executor can proceed with selling the shares. This section will outline the steps involved in this process, including choosing a brokerage or financial service, understanding market conditions, and making informed decisions.

Deciding on the Right Time to Sell

Timing can significantly impact the returns from selling shares. Executors need to consider market conditions and financial advice to determine the best time to sell.

Completing the Sale

This subsection will detail the actual process of selling shares, including placing orders, handling transaction fees, and ensuring all regulatory requirements are met.

Accounting Write For Us Guest Post - Finance, Tax, GST, Economics, Banking

7. Navigating Tax Implications and Reporting

Managing tax obligations is a critical aspect of selling deceased estate shares. This section will explain the potential tax implications and the importance of accurate reporting for both capital gains tax and inheritance tax considerations.

Understanding Capital Gains Tax Responsibilities

When shares are sold, any profit made from the time of the deceased’s passing to the sale date may be subject to capital gains tax. Executors need to be aware of these implications and plan accordingly.

Inheritance Tax Considerations

In some jurisdictions, the value of the deceased estate’s shares might impact inheritance tax calculations. It’s essential for executors to understand these aspects in order to ensure compliance with tax laws.

8. Common Challenges and How to Overcome Them

Selling deceased estate shares can present unique challenges. This section will discuss common issues such as disputed wills, fragmented information about the shares, and market volatility.

Dealing with Disputed Wills and Beneficiary Disagreements

Disputes over the will or disagreements among beneficiaries can complicate the process. Executors must handle these situations delicately and legally.

Managing Market Volatility

Shares can be subject to market fluctuations. Executors should be prepared for this volatility and may need to consult financial advisors to navigate these waters effectively.

9. Tips for Executors Handling Deceased Estate Shares

This section will provide practical advice for executors, including the importance of seeking professional advice, keeping thorough records, and communicating clearly with beneficiaries.

Seeking Professional Financial and Legal Advice

The complexity of selling shares from a deceased estate often necessitates professional advice. This can range from legal counsel to financial advisory services.

Record Keeping and Communication with Beneficiaries

Maintaining transparent and thorough records is crucial. Executors should also prioritize clear and consistent communication with all beneficiaries to avoid misunderstandings.

Conclusion

Selling shares from a deceased estate is a responsibility that requires careful attention to legal, financial, and interpersonal dynamics. By understanding the process, staying informed about tax obligations, and tackling challenges head-on, executors can fulfill their duties effectively and respectfully.