What Your Funeral Director Wants You to Know About Funeral Planning: Part 1

Written by Economic Development Jobs on November 8, 2017. Posted in Uncategorized

funeral planningFor many, funeral planning is a taboo topic of conversation. Even though death is a natural part of life, many people are wary of discussing what exactly they would like when it comes to the celebration of their life. Unfortunately, that leaves many families scrambling to plan a funeral at the worst possible time.

However, it doesn’t have to be that way. And according to the AARP, pre-planning a funeral is becoming quite common. In fact, one in three people have engaged in some level of planning for their funeral arrangements, and 25% of people have even paid their funeral costs upfront.

But before you get deep into the throes of funeral planning, there are some things you should know. With this in mind, here are some facts about funerals as a whole that your funeral director would like you to know.

  1. Have realistic expectations
    Funerals can be quite costly, and the majority of the time this financial burden falls on family members. Make sure to have a realistic budget that is in line with what you would like in a funeral service. Sticking to an agreed-upon budget is the key to taking the stress off of your family members while still getting the celebration you all deserve.
  2. Cremation can save thousands
    If you are on a strict budget, it may be beneficial to choose cremation instead of having a casket. Traditional casket celebrations can be incredibly costly, and you’ll have to pay for the embalming, the casket itself, the protective vault, the burial plot, and the gravestone. With cremation you don’t have to bury the remains and can choose to do with them as you wish.
  3. A funeral director is not a member of the clergy
    There is sometimes a miscommunication that funeral directors are members of the clergy, and while some have the training to complete funeral celebrations, most religious institutions require clergy to perform the service. That being said, most funeral homes can accommodate your religious preferences.
  4. It helps to cut back
    Simply put, there are just some things you don’t need for your funeral. Some services, such as calling hours, memorial services, and lavish flower arrangements may not be necessary and can save a lot of money if you have a tight budget. Instead, if you are funeral planning for yourself or a deceased love one, focus on exactly what you or the loved one would want in a celebration of life. As long as friends and family have a place to gather, pay their respects, and say goodbye, you will have done a great job in your funeral planning.

In our next blog, we will continue to discuss more facts about funerals your funeral director would like you to know. Stay tuned to learn more about this important planning time in your life.

The Economic Costs of Rust Damage and Corrosion: a $300 Billion Problem

Written by Economic Development Jobs on December 20, 2016. Posted in Uncategorized

coating equipmentRust is a serious threat to metal structures and equipment all over the world. While rust can have detrimental effects, it can’t cause too much damage overall, right?

According to ASM International, the professional group formerly known as the American Society for Metals, rust damage causes $300 billion in damage to the U.S. economy each year. And this astronomical dollar amount only reflects the quantifiable damages, like repairing bridges, replacing pipes, and fixing rust damage on cars.

Other impacts, like the effects of rust on worker health and public safety, are impossible to measure, but are also serious causes for concern as well.

“For example, the sudden collapse because of corrosion fatigue of the Silver Bridge over the Ohio River at Point Pleasant, OH in 1967 resulted in the loss of 46 lives and cost millions of dollars.”

Measuring the Economic Costs of Rust and Corrosion: 6 Types of Damage Caused by Rust

Corrosion isn’t an overnight process, which is why it’s so hard to comprehend the amount of damages that it causes year-round.

According to ASM International’s report, titled “The Effects and Economic Impact of Corrosion,” the most dangerous corrosion happens in industrial plants, which can completely shut down from corrosive damage.

So how does something as simple as rust cause $300 billion in damage?

  • Replacing corroded equipment
  • Over-designing structures and products to account for inevitable corrosion
    Preventive maintenance like painting, industrial coatings, and wear-resistant coatings
    The total shutdown of industrial equipment
  • Product contamination
  • Efficiency loss, which occurs when certain industrial coatings make machinery less effective
  • Decreased value — when a component has corroded, its value is permanently decreased (think of an old, rusted car)
  • Damage of equipment adjacent to the corrosive material — rust and corrosion is likely to spread to other components in the same proximity

These damages are just some of the reasons why industrial coatings and DLC coating equipment is so important. With the right industrial coating equipment, most mechanical components can be covered with coatings that prevent rust and corrosion, among other damages.

In large part because rust damage is so expensive, the U.S. industrial maintenance coating industry was worth $1.3 billion in 2014. And because of rising demand for coating equipment, the technology continues to improve.

Avoiding Rust and Corrosion in Industrial Settings

Not only does corrosion cause $300 billion worth of damage to the U.S. economy every year, but avoidable corrosion makes up a huge portion of that $300 billion figure.

In the 1970s, at least 40% of rust damage could be classified as avoidable corrosion. Fortunately, thanks to improved metal coatings and metal coating equipment, progress is being made. In the 21st century, only about 35% of corrosion damage can be described as avoidable. Even so, that adds up to more than $100 billion. That’s more than the annual U.S. exports in paint and coating materials — $2.3 billion — by nearly 50 times.

Avoidable corrosion damages include things like exposure to liquid or moisture and exposure to high-temperature gases.

Given the fact that many industrial settings experience both high temperatures and high moisture from submersion or vapor, industrial plants are at high risk of corrosion. But even in these cases, most corrosion is avoidable.

Other types of corrosion costs are also avoidable. While many structures are designed to last, like bridges, significant maintenance and industrial coatings need to be applied to these structures to keep them in shape.

Back in 1967, the Silver Bridge, an aluminum-painted eyebar-chain suspension bridge that connected Point Pleasant, WV, to Gallipolis, OH, collapsed during rush hour traffic. The collapse sent vehicles plummeting into the Ohio River, killing 46 people.

What went wrong?

The Silver Bridge carried much more weight than it was meant to hold, and therefore became exceedingly stressed. Due to poor maintenance and neglect (the bridge was built in 1928), it failed. With regular maintenance and the addition of the right metal coatings, the Silver Bridge failure could have been avoided.

Across industries, the right metal coatings are necessary to prevent these types of disasters. Industrial coatings not only protect the metal components from oxidizing, but from other damages as well.

Finding the Most Fabulous Fit for Your Flourishing Company

Written by Economic Development Jobs on April 12, 2016. Posted in Uncategorized

executive search consultantStarting a business can be an intimidating feat on many fronts. But for those who are able to get things up and running, the hard work and potential obstacles or pitfalls don’t end there. Having the right people on staff at any company or business is crucial to keep things running smoothly, and working toward a profit and an overall successful business. Unfortunately, at times there are plenty of factors stacked against employers who are trying to find the best candidates for the perfect fit in each position. But by hiring an executive search consultant, some of that guess work and potential for a high employee turnover rate could be diminished.

What can an executive search consultant or firm do for you? 
In one poll, over half of responding organizations, about 57% of them, reported that they considered employee retention to be a significant problem. And it has been estimated that within 45 days of getting hired at a job, 22% of newly hired employees end up leaving the job, for a variety of reasons ranging from poor work performance to issues with attitude and temperament. And this process of hiring and losing employees does not come cheaply. The cost to a business or company of employee turnover can turn out to be anywhere from 30% to a staggering 150% of the employee’s intended salary. There are many services out there to help diminish these losses and eliminate altogether those types of rapid and costly turnovers. Talent acquisition management companies and restructuring consulting firms can help to build companies up by finding the right people to work in the business. But an executive search consultant takes that a step further by finding the right fit for higher positions in the company.

Working out the kinks, one position at a time 
By finding the right people for senior, advanced, or other specialized levels and positions in the company, search consultants can help to strengthen your business from the foundation. With these positions solidly filled with reliable and capable individuals, there are more trustworthy people involved who can work together to help seek out and place the right candidates into other open positions as well. Executive search firms do often do the leg work for companies that are too busy with all of the other responsibilities and tasks of getting a business off of the ground. These firms can find people currently doing the type of work that needs to be done at the hiring business, and if those individuals are impressive at the work that they do, they could find themselves being headhunted by the search agencies and the companies which are hiring. Spending the money on a search consultant or firm can ultimately save the business valuable time and excess amounts of money.

Getting a new business started smoothly is something that is incredibly difficult to do. While certainly not impossible, there are several factors at work that trying obstacles, and to successfully navigate these difficulties, it requires a great amount of persistence and hard work. Delegating a bit of that hard work out to a search consulting firm could end up saving your company in the long run.