What Is Reputation Insurance

What Is Reputation InsuranceCredit 13_Phunkod/Shutterstock Launching a business and building it into a strong, recognizable brand takes time, effort and investment. Tarnishing that brand, though, only takes one major crisis. Loss of reputation is a big risk for any brand, potentially costing future business or even forcing a company to close its doors entirely. Luckily, insurers recognize that risk and underwrite it like other threats facing businesses.But what exactly is reputation insurance, and how does it work? How can something as abstract as reputation be quantified and rolled into an insurance policy? And is reputation insurance right for a small business?Editors note Looking for a reputation management tafelgeschirr for your business? If you want information to help you choose the service thats right for you, use the questionnaire below and our sister site, BuyerZone, will provide you with information from vendors for freeWhat is reputation insura nce?Reputation insurance is a catchall term that refers to a variety of protections found in a variety of insurance policies. Sometimes it serves as a stand-alone product, but fruchtwein times it comes baked into mora comprehensive coverage, said Jim Loughlin, senior director of sales at CoverWallet.If youre looking specifically at reputational risk insurance, theres a broad aspect to it, Loughlin said. There is reputation coverage in some standard policies you already buy, all the way down to specific reputational risk policies geared toward covering an actual loss on your balance sheet due to a sales drop based on a reputational incident.Some of the most common reputational risk insurance comes in the form ofBusiness owners liability insurance Some of the most basic liability insurance policies can include reputational risk coverage. The coverage in this schrift of insurance is often minimal, including events like libel or slander lawsuits and advertising injury, which could occur because of accidental use of false or offensive information in marketing materials.Cyber threat insurance Cyber threat insurance is focused specifically on data disseminated online or communicated across a companys network. Reputational risk coverage included in this type of policy generally relates to activity on social media and sensitive customer data that could be compromised, resulting in harm to the brands reputation.Crisis management insurance Crisis management insurance will cover the emergency use of public relations teams to mitigate any future damage that could occur to a brands reputation following a public incident. For example, if your business suffers from a data breach, crisis management insurance would kick in and retain a PR firm on your behalf to address the issue in a proactive way.Reputation insurance Specific reputation insurance is typically reserved for very large companies and is less common than the forms of reputational risk coverage found in wider-rangin g policies, Loughlin said. These policies cover an actual loss in sales resulting from a brand-damaging incident. However, this coverage can be difficult to quantify and underwrite, meaning premiums are significantly more expensive than those associated with more common insurance policies. Interested in finding the right online reputation management service for your small business? Check out our best picks.How could reputation insurance help my small business?Since stand-alone reputation insurance is often cost-prohibitive for small businesses, most rely on the crisis management coverage set out in their business policies, said Michael Perry, vice president of property and casualty at CBIZ.The main risk is that a crisis associated with your business will bring with it so much hardship that the survival of the business is unlikely, Perry said. Small companies often have some limited coverage for crisis management. Most policies also afford coverage for slander and/or trespassing, fo r example, which may cause reputational damage.But, he added, every carrier is different.According to Loughlin, small business owners considering augmenting their standard policy with one that provides more crisis management or cyber liability coverage should ask themselves a few questions to gauge how significant a risk theyd be taking without itHow many sensitive records do you retain?Have you ever had a breach in the history of your company?What are your revenues, and how would they be at risk in the event of an incident?These are the same questions underwriters consider when drafting reputational risk policies for small business. When you consider that buying insurance is essentially shifting the burden of risk from your own company to an insurance company, the answers to these questions become informative as to whether you should purchase more insurance. According to Loughlin, cyber liability insurance remains the most common policy required by small businesses today.Discussion s of reputational risk have been swirling around the insurance industry for a long time, Loughlin said. Experts are always looking at ways to better insure it. The real highlight of todays day and age is cyber liability and crisis management resulting out of data breaches. Adam C. Uzialko Adam C. Uzialko, a New Jersey native, graduated from Rutgers University in 2014 with a degree in Political Science and Journalism & Media Studies. In addition to his full-time position at Business News Daily and Business.com, Adam freelances for a variety of outlets. An indispensable ally of the feline race, Adam is owned by four lovely cats. 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Taleo 4 Ways the Most Popular ATS Ranks Your Job Application - Jobscan Blog

Taleo 4 Ways the Most Popular ATS Ranks Your Job Application - Jobscan BlogPosted on March 8, 2018June 14, 2019 by Jon Shields Virtually all large employers utilize anapplicant tracking system(ATS) to manage their simultaneous job openings and high volumes of applicants. These systems make it possible for recruiters and hiring managers to comb through hundreds or thousands of applicants, but theyre not without their drawbacks.Resumes and applications that arent optimized for these systems might never binnensee the light of day in what many job seekers call the resume black hole.Read more What is an applicant tracking system?If youre on a job hunt, one ATS you have probably encountered (whether you realize it or not) is Taleo.What is Taleo?Taleo is the most used applicant tracking system today with adominant 30%market share among Fortune 500 companies.Owned by Oracle, Taleo doesmore than simply organize inbound job applicants. Human resource representatives can use Taleo to track comm unication with applicants, onboard new hires, generate reports, and much more. The system is highly customizable to a companys needs, meaning any two companies could be relying on a completely different set of features.Companies that Use TaleoA few of the many companies that use Taleo includeStarbucksNikeMarriottNintendoTeslaKaiser PermanenteNordstromBoeingWalgreensHPUS BankUnited AirlinesDeloitteAmerican ExpressSiemensDellToyotaIntelCitiATTVisaAmerican AirlinesJohnson JohnsonIntuitYou can often spot the specific ATS a company is using by looking at the URL of the job application. For example, a Starbucks job listing has a URL that looks like thisstarbucks.taleo.net/careersection/1000222/jobsearch.ftl?lang=enLOCATION=200000194CATEGORY=200000027src=CWS-117004 Ways Taleo Ranks and Filters ApplicantsThere are a number of ways that Taleo could reject or breeze past your application depending on how a recruiter chooses to use the tool. If youre applying for a job through Taleo, keep the se in mind.1. Tiered Scoring for Knockout QuestionsKnockout questions are commonly incorporated into online job applications. They are typically pass/fail and allow recruiters to automatically screen out applicants who dont meet basic requirements. For example Do you have a valid drivers license? or Are you willing to work weekends?Taleo takes knockout questions beyond pass/fail by allowing recruiters to designate more than two examples and assign point values to the answers.In this example, the recruiter is asking,How many years of research and management experience do you possess? They can then enter different experience ranges and assign each a score. This recruiter is most interested in candidates with 3-6 years of experience as illustrated by the corresponding score. Additionally, the buttons on the right allow the recruiter to highlight or knockout candidates based on certain answers.Applicants answer a series of these questions and, if not rejected outright, earn a score that is compared to the other applicants.2. Bonus Points for Certain Resume KeywordsSimilarly, point tiers and knockouts can also be assigned to specific keywords within the ATS resume and application itself. For example, a recruiter can set up Taleo to assign a 15-point bonus to an applicant that mentions one of the skills in the nice to haves section of the job description.3. Automatic Resume ScoringEven if a recruiter opts not to manually assign extra points to certain keywords, Taleo automatically scores applications and resumes based on their contents in what they call Req Rank.Taleo parses the text from your resume and application then compares it to the job description. Recruiters can filter out applicants that dont score above a certain threshold. Naturally, theyre more likely to consider applicants that jump to the top of the ranking.Because of features like these last two, its critical for you to tailor your ATS resume to the job description and home in on the most important r esume keywords. One way to do this is by analyzing the job description for key skills and phrases that are emphasized or repeated.Jobscan was built to mimic the scoring algorithms found in Taleo and other top ATS. You can get an instant analysis of how your resume keywords stack up against the job listing by pasting them in below.span data-mce-type=bookmark style=anzeige inline-block width 0px overflow hidden line-height 0 class=mce_SELRES_start?/spanspan data-mce-type=bookmark style=display inline-block width 0px overflow hidden line-height 0 class=mce_SELRES_start?/spanspan data-mce-type=bookmark style=display inline-block width 0px overflow hidden line-height 0 class=mce_SELRES_start?/spanspan data-mce-type=bookmark style=display inline-block width 0px overflow hidden line-height 0 class=mce_SELRES_startspan data-mce-type=bookmark style=display inline-block width 0px overflow hidden line-height 0 class=mce_SELRES_start?/span?/span4. Boolean SearchesRecruiters can search their app licant pool within Taleo for specific skills and keywords, or even craft complex Boolean searches with and, or, and not operators (among other modifiers) to fine tune their results.You should hope that the recruiter is using a robust Boolean string because Taleos search is not very intelligent on its own.It cannot differentiate between the searched term and common variants based on tense, plurals, abbreviations, acronyms, etc. For example, a search for project manager wont return results containing only project management, nor would a search for Certified Public Accountant return results containing only CPA.Because of this, its important to try and mirror the language found in the job description. If a recruiter or hiring manager used a specific form of a keyword while writing the job description, its a reasonable assumption that theyll use the saatkorn version of the word to search their applicant database.If you have room on your resume, try using both forms of the keyword just in case. For example, Master of Business Administration (MBA).Get Additional Taleo ATS TipsGet more Taleo-specific tips by using Jobscans ATS Tip feature. Learn more by watching the one-minute video belowLearn more about ATSWhat is an Applicant Tracking System?8 ATS Resume Secrets You Need to KnowJobscan Learning Center Applicant Tracking SystemsFacebook Commentswpdevar_comment_1 span,wpdevar_comment_1 iframewidth100% important

Open Universities Study Period 2 enrolments closing soon

Open Universities Study Period 2 enrolments closing soon Open Universities Study Period 2 enrolments closing soonPosted October 13, 2011, by Louisa VeidelisWant to study a subject or a degree from home, in your own time? You better hurry your weg to sign up for Open Universities Study Period 2 is drawing to a close. Studying by distance or correspondence is a great alternative to on-campus study for people with work or family commitments, accessibility issues or those who live in rural/remote areas. If you work full-time or have a busy lifestyle this could be the way to achieve your personal and career goals.You only have a few weeks left to enrol. Open Universities Australia Study Period 2 enrolment closes 14 May (enrolling over the phone) or 16 May (enrolling online), to start studying on 31 May.There is a wide range of units and courses available, from the Bachelor of Communication and Bachelor of Technology to anMBA (Executive). To find units/courses of interest with Open Uni versities, which is a trusted partner of Career FAQs, browse over 100 bachelor degrees, graduate certificates/diplomas and masters degrees offered by Open Universities Australia. You may choose to study units or a degree to help you progress further in your career or start you on a new career path. Simply complete the enquiry fasson underneath the course that interests you and a Study Consultant will advise you on your options. See a list of Open Universities Australia courses. ResourcesMy first resumeCover letter for my first jobCareer Insider StoriesShelley Lask - Body Positive Health & FitnessInterested in becoming a?Human Resources OfficerGeneral ManagerBusiness ManagerAccountantOffice Administrator CoursesBachelor of Social WorkEnquire Online Enquire OnlineCertificate III in Health AdministrationEnquire Online Enquire OnlineBachelor of Criminal JusticeEnquire Online Enquire OnlineCertificate III in Allied Health AssistanceEnquire Online Enquire OnlineLouisa VeidelisRelated ArticlesBrowse moreCareer progressionDressing for workCan Dressing For Success Actually Lead To Success? Tips For A Smart Casual OfficeWould changing the way you dress affect your wertmiger zuwachs and your boss perception of your abilities? The answer is yes and heres the science to prove it.Real EstateReal estate careers boom or bust?The property market is booming but does that mean a job in real estate is a sound career move? From courses, to commissions to your competition, weve got all your questions answered.WritingThe Write StuffTheres no more valuable skill in the workplace than the ability to write professionally, and well. Find out why everyone needs to hone their writing skills.