Why Does FACTA Matter to Me?

Written by Jonathan Kraft


As an employer, what you don’t know about FACTA can definitely hurt you. FACTA stands for Fair and Accurate Credit Transaction Act. FACTA isrepparttar law which allows any American access to their credit report once per year. The law went into effect Jan. 1, 2005. So what does that mean for you as an employer?

On June 1, 2005, a new provision of FACTA goes into effect. It says that any employer (even if you only employ one person, and you have their personal information so that you can pay social security taxes,) whose action or inaction results inrepparttar 103048 loss of employee information, can be fined by federal and state government, and sued in civil court.

A USA Today article on FACTA from Jan. 14. 2005, stated “Bet you didn't know that.” But you need to know, and need to know what you can do to protect yourself.

Small Businesses affectedrepparttar 103049 most ‘"A small businessman who makes a mistake could bearrepparttar 103050 brunt of a regulation like this," says James Plummer, policy analyst at Consumer Alert, a non-profit group that focuses on a free-market approach to consumer regulations.’

The USA Today article goes on to say that “if you don't shred and information gets out, there are penalties.” But what if you do shred all potential employee information, and take all necessary precautions to protect your past, current, and future employees’ identities, andrepparttar 103051 information still gets out somehow? Under FACTA, you could still be held responsible.

You may not think information theft could happen to you, but neither did this short list of companies, universities, government institutions, and businesses that have had employee or customer information stolen from them:

DSW Shoe Warehouse

Lexis Nexis

University of Northern Colorado

California State University (Chico)

University of California – Berkeley

University of Maryland

Las Vegas Department of Motor Vehicles

Bank of America

Choice Point

Weld County (CO) Employees (information stolen by an inmate while in jail)

How can you, as an employer, minimize your liability? There are hundreds of things you can do to minimize liability, which are probably things you already do. Document shredding, redaction of electronically stored information, careful screening of employees who will be coming into contact with personal information of customers and employees, physically locking file drawers with sensitive information, and setting up firewalls on computer equipment connected torepparttar 103052 Internet, among hundreds of other solutions, are all good ideas. The old saying that an ounce of prevention is worth a pound of cure is definitelyrepparttar 103053 case when it comes to securing personal information. However, no matter what prevention steps you take, there is no 100% effective way to be sure that employee’s information won’t be compromised. Even ifrepparttar 103054 information doesn’t get out from your company, an employee can claim that it did.

That's a scary thought! What if an employee claims that their information was stolen throughrepparttar 103055 actions of your company, but there’s no real proof to back it up? You will end up hiring (or using) an attorney to represent and defend your company in court. At $150 - $200/hour for most attorneys acrossrepparttar 103056 United States, how long can you afford to defend your company?

Book Summary: Nice Girls Don’t Get the Corner Office 101

Written by Regine Azurine


This article is based onrepparttar following book: Nice Girls Don’t Getrepparttar 103047 Corner Office 101 Unconscious Mistakes Women Make That Sabotage Their Careers By Lois P. Frankel, PhD Warner Books Inc., 2003 ISBN 0446531324 288 pages

Dr. Frankel clearly identifiesrepparttar 103048 common mistakes –101 in all—that women commit unconsciously to sabotage their careers. This book provides revolutionary guides to help repparttar 103049 women of today eliminaterepparttar 103050 girl-like behaviors they became accustomed with, which hold them back professionally.

How You Playrepparttar 103051 Game Unfortunately, women are not as trained to participate in competitive sports. It is only recently that women started making their marks in this field. Thus, most women do not knowrepparttar 103052 rules ofrepparttar 103053 game of business. They simply do not know how to play it—and more importantly, how to win it.

Some ofrepparttar 103054 common mistakes women commit as they playrepparttar 103055 game of business are: pretending it isn't a game; playing repparttar 103056 game safely and within bounds; working hard; doingrepparttar 103057 what you want; avoiding office politics; beingrepparttar 103058 conscience; protecting jerks; holding your tongue; failing to capitalize on relationships; and, not understandingrepparttar 103059 needs of your constituents.

How You Act Being successful inrepparttar 103060 world of business is not only dependent on your knowledge of how to play it. It is also important to know how to act, professionally. Dr. Frankel enumerates some unlikely behaviors inrepparttar 103061 workplace that can be hard career busters.

These are: polling before making a decision; needing to be liked; not needing to be liked; not asking questions for fear of sounding stupid; acting like a man; telling repparttar 103062 whole truth and nothing butrepparttar 103063 truth (so help you God); sharing too much personal information; being overly concerned with offending others; denyingrepparttar 103064 importance of money; flirting; acquiescing to bullies; decorating your office like your living room; feeding others; offering a limp handshake; being financially insecure; and, helping.

How You Think Changingrepparttar 103065 way you think can greatly impact a change in your career. Noterepparttar 103066 beliefs and thought patterns you learn early in girlhood that you need to reconsider and then eventually forget.

Some of these are: making miracles; taking full responsibility; obediently following instructions; viewing men in authority as father figures; limiting your possibilities; ignoringrepparttar 103067 quid pro quo (something that‘s exchanged in return for something else); skipping meetings; putting work ahead of your personal life; letting people waste your time; prematurely abandoning your career goals; ignoringrepparttar 103068 importance of network relationships; refusing perks; making up negative stories; and, striving for perfection.

How You Brand and Market Yourself

Marketing oneself is as important as marketing a specific brand. Think of yourself as a brand that’s needs to be marketed effectively. Alongside these come some important points that women need to particularly remember.

The following are some mistakes to avoid in marketing yourself: falling to define your brand; minimizing your work or position; using only your nickname or first name; waiting to be noticed; refusing high-profile assignments; being modest; staying in you safety zone; giving away your ideas; working in stereotypical roles or departments; ignoring feedback; and, being invisible;

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