Credit Monitoring As An Employee Benefit

Let's take a few minutes to talk about one way to give our employees tools to make better security decisions and improve the security of their finances. A somewhat new form of identity fraud has been in the news lately: Tax Return Fraud (Krebs) (Fox) (NY Post) (Bloomberg): Bad guys are sending in tax returns using other people's information so they can claim a refund first.

5 billion in fraudulent returns last year. 45,000 in profit every day. This is a big issue that the IRS is working to try to solve, but if a fraudster is successful in using your information, the burden to prove the truth and clean up that situation is entirely on your shoulders. The Federal Trade Commission requires each of the three credit reporting agencies to provide you one free credit report each year. Do not confuse it with the myriad competitors out there, this is the only FTC-authorized website to get your free credit report.

The others give you your first one free, but usually you are also automatically signed up for a fee-based credit monitoring service. But even though this resource is available and easy to use, most people either don’t know about it or only bother to check every few years. So now let’s shift tone from what you as an individual can do to what we as employers can do to help.

We, as employers, can help provide a better way. Consider offering credit monitoring as an employee benefit. Financial health monitoring right alongside physical health monitoring. It doesn't have to cost the enterprise anything more than the administrative costs to maintain the program. It can be offered as an employee-funded option on a pretax basis.

10 range for credit monitoring all year, a very small out-of-pocket expense for the peace of mind of knowing that their credit is being actively analyzed and an alert will be pushed to them if something changes. Organizations that have cyber insurance should consider working through their provider to negotiate the price, as this will likely result in a better cost for the credit monitoring itself and may result in lower insurance costs depending on your provider.

Credit monitoring helps to empower our people with better protections against threats to their financial health. They are alerted as the earliest possible moment to issues that may be surfacing. Timely information allows for timely response, easier defense and clean-up and, thus, more Convenient Security. This article is published as part of the IDG Contributor Network.

Some banks now offer credit monitoring services to their valued account holders as an option which the account holder pays for or as part of a bundle of services contained in a packaged relationship. If you choose a credit monitoring service on your own, you can visit their web site for more information and to sign up for a free trial membership.

Members who receive an alert about a change to their credit report must investigate it right away. Time is of the essence. We recommend that you immediately contact the creditor that the alert was about in order to learn more about the situation. Ignoring the alert is worse than having no alert at all because of the remorse that a consumer who has been victimized feels once they have seen the damage that identity thieves can do to their lives.

We provide this information so that consumers are not caught unaware of the current environment here in this country which exposes their credit information and credit standing to risk. That risk is huge unless you take some sort of preventative and proactive steps to mitigate your risk exposure. Credit monitoring services offer you, as the consumer, that peace of mind and additional layer of protection required. Nathan Randall, editor, DailyDollar Newsletter provides free daily advice on money matters plus coupons and discount codes. FYI…you can now access the DailyDollar Newsletter via iTunes podcast, YouTube video, and on Facebook and Twitter too.

Junior financial analysts have extensive knowledge of accountancy, taxation, economics and statistics as they have to deal with these subjects in the line of their work. Organizations like banks, insurance companies and securities brokerage firms employ financial analysts. Individuals with good communication skills and attention to detail do well in this profession. A financial analyst is an advisory position and is highly regarded in business organizations.

The reports generated by a financial analyst play an integral role in the decision-making process of an organization. The US economy is slowly showing signs of stabilization and this is a good time to enter this profession. Salary figures of junior financial analysts given below are estimates as wages can be affected by factors like education and job location. The type of employer also plays a major role in deciding the salary, especially the financial size of the employer.

A junior financial analyst working in cities which have a high cost of living like New York and Los Angeles can expect to earn better salaries than their counterparts working from rural settings. 68,000 per year in Los Angeles, California. Education is another factor that affects salaries of professionals, especially those working in the financial sector. You can get a job with a bachelor's degree in finance related subjects but employers will prefer candidates who have a master's in business administration MBA degree.

80,000 annually. Candidates with personal qualities like interpersonal skills will be rewarded in this profession. The dictionary gives the meaning of the word analyst as someone who is skilled at studying financial data and gives advise, pertaining to actions to be taken based on the analysis. A junior financial analyst will review and interpret large volumes of statistical data.

They work as financial soothsayers and predict future earnings based on their study of the prevailing financial condition. These individuals will manage financial transactions like credit, debit and insurance of the organization they work for. They will have to use statistical software to analyze financial data and prepare presentations to make suggestions on business investments.

Junior financial analysts will work in teams that devise the budget and marketing strategies of the organization. The financial analyst job description also involves monitoring the markets, both global and domestic in order to prepare the financial reports. Most times they will also have to partake in client meetings and give their views on the transaction.