Tag: Investing

What it’s like to work for the best multinational companies

What it’s like to work for the best multinational companies

A Great Place to Work for over 25 years has studied and pinpointed the best workplaces from all over the world. They say that any company can do it, all they need is to invest in building a trusting relationship with all of the organization, where they can see benefits of interested, engages and vibrant employees. At the end of the day the most benefitted will be the organization with more innovative products and satisfying relationships, that will be seen in profits. Trust is the foundation, they say. Trust among co-workers turns into camaraderie and trust from managers will also have benefits with creating safe environments for employees to innovate freely. Through their work they research and survey employees from all over the world, information with which they created a model that could be used in any company that builds upon trust to increase performance. In 2016 after analyzing the top multinational companies, these were the ones that came in on top for employees when surveyed.

No. 5: Quicken Loans

Quicken Loans is America’s second largest mortgage lender, closing businesses across the 50 states in 30 days or less. The employee ratings were 96% when asked if their workplace was a great place to work. They were asked how they felt about their company from a variety of different perspectives, but the ones that were higher than the rest, only by a few percentage points, were a great atmosphere and and great pride. Most employees stated during their interviews that they felt good about how they contributed to the community and how their facilities contributed to a good working environment. The employees at the company also have available to them many different perks and advantages to working there like the “Live Downtown Program” which offer significant housing incentives to live in downtown Detroit like stipend for first time renters or loans for purchasing a new home or home improvements.

No. 4: Wegmans Food Markets, Inc.

Being a family-owned, employee-first, food company, it is known for a fun, family environment where you’ll find caring relationships with co-workers and customers. You’ll feel right at home when you visit them. Their employees feel the same, especially since they feel the company has empowered them and invested in their development. Their sense of pride was what was qualified the highest among their employees. They have perks for employees as well like a Wellness where they have programs which include free blood pressure and health screenings, tobacco cessation, subsidized Weight Watchers, EAP and yoga. Besides this they have scholarship programs, talent pipelines and development programs that offer training and development resources in-house.

Wegmans_shahram shirkhani_multinational companies_
Image courtesy of luluinnyc | Amy Dreher at Flickr.com

No. 3: The Boston Consulting Group, Inc.

The great atmosphere is what employees rate the highest at The Boston Consulting Group, Inc., a management consulting firm which specialize in business strategy and general management. They have at least two-thirds of their clients on the Fortune 500 list, as well as mid-sized companies, non-profit organizations and government agencies. 98% of employees feel they have special and unique benefits at The Boston Consulting Group and their proud to tell everyone they work there. Their perks of having an individualized career and professional development program include extensive training, mentorship, coaching and feedback-based development infrastructure. They also offer On-Demand Virtual Learning and industry-leading benefits package.

No. 2: ACUITY Insurance

96% of employees say that this is a great place to work. Their great atmosphere, rewards and sense of pride are the top qualities that their employees value. ACUITY Insurance is headquartered in Wisconsin and specialized in regional property and casualty insurer. In the last 15 years they have been part of Ward’s 50 Best-Run Companies. They generate $1 billion annual revenue from over 1,000 independent insurance agencies in 24 states. The company has a great work environment where employees feel that they celebrate special events and they feel good about how they contribute to their community. Magic Happens Gossip Line is when feedback is given on a global scale via a massive voicemail message and the employee is given a $100 gift card. They also have the five-year club, some wellness initiatives and generous benefits.

No. 1: Google Inc.

Google employees agree that they feel great pride saying they work there, and love the challenges, atmosphere and rewards they offer. This technology company is making information more and more accessible and specialize in internet-related services and products. The employees say that special and unique benefits at Google are amazing, as well as how employees in general are willing to go the extra mile to get things done. Their Google Reach Volunteer Trips is one of their philanthropic efforts that help communities’ small businesses face development challenges. Talks at Google is a great perk that brings artists, authors, politicians, celebrities and performers all through the year to speak at the Google offices. The goal of these talks is to connect Googlers to the content creators and experts in the different fields. They also made an important move in parental leave when they decided to give primary caregivers up to 12 weeks of fully paid baby bonding time, as well as up to 20 weeks to birth moms. Not to mention, their Dogfooding program where employees can test drive new apps, programs or software and give feedback to the team developers.

3 Tips for Understanding Foreign Ownership Structures

As an investor, are you looking to take on a new venture across seas? Tehran-based international legal consultant Shahram Shirkhami knows a few important aspects to consider when undertaking a new foreign investment. His work with many international companies and investors culminates in extensive knowledge of infrastructural investments, primarily in the Middle East region. Here, he shares his insights in making the most of foreign investments.

  1. Know Country-Specific Rules

When undertaking a major infrastructure project, it is crucial to understand the ownership structures of the individual country in question. “Certain Middle Eastern countries, such as Bahrain and the United Arab Emirates, do not place any tax burden on foreign-based investors,” says Shahram Shirkhami. This means that overseas incorporation can be quite the ideal strategy! Just make sure you do your research to understand the tax structure of the country where you’re looking to invest.

  1. Understand the Risks

While some countries offer tax-free investing opportunities, not all Middle Eastern countries operate this way. Some countries, such as Oman, require that foreign ownership be transitioned to a domestic ownership base at some point within the project life cycle. At this point, the shares are offered to the general public and reincorporation takes place. “In this case, the tax benefits of incorporating overseas must be carefully weighed against the hurdles and expenses associated with reincorporation,” says Shahram Shirkhami. In other words, investors should be certain that the long-term benefits can hold up to the risks related to this potential roadblock.

3. International Tax Treaties

When engaging in long-term operational planning, consider the international tax treaty of the country in question. Tax treaties might allow for reduced rates, or even tax exemption, on certain items of received income. Tax treaties can make investing in partner countries much more lucrative.

In summary, it can be truly profitable to invest in foreign ventures, primarily in the Middle East. Certain countries harbor tax laws and treaties than can benefit international investors. However, one must be aware of the risks involved when dealing with countries that require foreign ownership to be reincorporated to the domestic. Even in these situations, the threats might be overshadowed by tax benefits.

3 Tips for Understanding Foreign Ownership Structures  

As an investor, are you looking to take on a new venture across seas? Tehran-based international legal consultant Shahram Shirkhami knows a few important aspects to consider when undertaking a new foreign investment. His work with many international companies and investors culminates in extensive knowledge of infrastructural investments, primarily in the Middle East region. Here, he shares his insights in making the most of foreign investments.

  1. Know Country-Specific Rules

When undertaking a major infrastructure project, it is crucial to understand the ownership structures of the individual country in question. “Certain Middle Eastern countries, such as Bahrain and the United Arab Emirates, do not place any tax burden on foreign-based investors,” says Shahram Shirkhami. This means that overseas incorporation can be quite the ideal strategy! Just make sure you do your research to understand the tax structure of the country where you’re looking to invest.

  1. Understand the Risks

While some countries offer tax-free investing opportunities, not all Middle Eastern countries operate this way. Some countries, such as Oman, require that foreign ownership be transitioned to a domestic ownership base at some point within the project life cycle. At this point, the shares are offered to the general public and reincorporation takes place. “In this case, the tax benefits of incorporating overseas must be carefully weighed against the hurdles and expenses associated with reincorporation,” says Shahram Shirkhami. In other words, investors should be certain that the long-term benefits can hold up to the risks related to this potential roadblock.

3. International Tax Treaties

When engaging in long-term operational planning, consider the international tax treaty of the country in question. Tax treaties might allow for reduced rates, or even tax exemption, on certain items of received income. Tax treaties can make investing in partner countries much more lucrative.

In summary, it can be truly profitable to invest in foreign ventures, primarily in the Middle East. Certain countries harbor tax laws and treaties than can benefit international investors. However, one must be aware of the risks involved when dealing with countries that require foreign ownership to be reincorporated to the domestic. Even in these situations, the threats might be overshadowed by tax benefits.