October 19, 2017

The Goal of Finance in Business and Career Paths

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Finance professionals are sensible and smart decision makers who will advise the business on financial matters

As a business owner, you can have a great business concept and an amazing strategy in place, but without financial expertise, many errors can be made. Every business needs a financial adviser to balance the imaginative ideas that the business has. The finance division is there to balance the expenditure in the business and ensure that all spend is justifiable.

Finance managers are dedicated to supervising the business’s finances and spend. Finance professionals can take responsibility for key roles such as planning budgets, providing financial reports, bookkeeping etc. The mandate of finance professionals is to cover the company’s financial affairs to the highest standard.

The expertise of financial managers is highly valued because they bring alignment that backs companies. Find out more on how finance specialists bring alignment in business.

Overview of Finances 

Finance professionals oversee the budgets in the company and monitor spend which ensures accountability. This monitoring protects the business from any overspending. They will authorise payments and transactions within the business and on behalf of the business.

This will protect the business from making decisions that will land them in a predicament. The overall observation of financial activity in business is crucial as this means businesses can monitor where their money is being spent and where they have incurred losses.

Management of Finances

The finance sector manages the budgets that are allocated for projects and business expenditure. They allocate appropriate funds and budgets that will make investments work. They authorise spend on projects and assign project leaders who can work with the budgets that they have been given. Finance teams ensure that each project and activity is working within allocated budgets so that the company is not affected.

Growth of Finances 

Another vital aspect of finance is the ability to increase the company’s financial growth. They find ways to generate income and sustain it. The finance division is the life of the business, where teams come up with innovative ways to increase revenue. They should be able to take action and calculated risks that will bring financial growth to the business.   

Career paths in the Finance field 

The finance industry offers diverse roles and positions that graduates can choose from such as:

  • Finance Officer
  • Accountant
  • Financial Consultant
  • Bank cashier/ Manager
  • Financial advisor
  • Financial controller
  • Auditor

Tax analyst and much more.

Building a Successful Career in the Finance Industry 

Financial expertise is highly valued in every industry. The success of companies and business operations rely strongly on the expertise of these professionals. They determine the efficiency of a business and the power the business has to grow. When you obtain a finance qualification there is more employment opportunities and career paths that you can take.

The financial industry is one that filters through every area of business. Lyceum Correspondence College offers in-demand finance qualifications which can be pursued through distance learning.

“I studied at Lyceum because they provided well-detailed notes which gave me the practical knowledge I needed. After completing my Diploma at Lyceum I was able to register with taxation boards in South Africa including SARS”.

- Job Chidziwa, Lyceum graduate currently employed as a General Tax Practitioner

 

About the Author: Khanyie Dlamini
Content Creator at Educor Holdings

As a writer in the education sector I am passionate about nurturing people in their careers, wellness and personal growth. I focus on a variety of illuminating topics that are helpful to people’s growth and success. I hope to inspire people to feel motivated to live up to their full potential and know they can have an optimistic and prosperous life. My intention is to contribute to an empowered nation that makes great choices and positive change.

Personally I enjoy the world of fashion and keeping up with the trends. I have great interest in digital trends and the impact of social media in today’s world. I enjoy learning from other creative people. I value having purposeful relationships with people who have great visions that align with my own.

October 19, 2017

Opportunities available to Professionals in Disaster Management

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Disaster Management specialists reduce the economic impact and the environmental and human material effects that are created when tragedy strikes.

At any given time, disasters can occur and cause disruption in communities or organisations. For example, burst pipes can create chaos, interrupt people’s access to water and other resources can be affected by disasters. Measures to deal with disasters are in place to reduce damage in emergency situations. 

The increase of disasters in South Africa has increased the need for risk avoidance strategies and there is a high-demand for professionals in this field. There is an imperative need to overcome natural disasters and promote danger alleviation.   

According to the National Disaster Management Centre, the hazards include bad weather conditions, drought, cyclones and severe storms that have the potential to cause devastation. The country’s coastline and proximity to shipping routes also pose a threat to humanity and resources. People that live in impoverished areas are more vulnerable to threats that range from water shortage, floods and other damaging weather conditions.    

With this comes the demand for risk management professionals who are placed within relevant environments to manage risk. The government department and various disaster management agencies are looking for professionals with skills to work in this field. Graduates in this field can pursue careers in the disaster management sector nationally or abroad.  

What is the role of Disaster Management professionals in times of Disaster?

A career in disaster management is for a person who can provide assistance to people when faced with calamities. This is for someone with the ability to bring calm in situations of panic and to help restore peace. They must be able to predict the outcomes of situations and be proactive in protecting people at all costs.   

This is why there are Operation Risk Officers who prepare for tragedies and have plans of action to effectively bring about solutions. This is also how professionals in sectors such as climate and humanitarian organisations can predict disasters and play a role in reducing the impact. They have a plan of action in place to respond immediately to disasters and reduce the damage and impact.

Trending National Disaster stories

The Western Cape has officially been declared as a disaster area due to the drought issue that they are facing. This is costing the country millions of rands which impacts on the economy. Western Cape premier Helen Zille reported to the news that government has also placed a R295m emergency plan programme towards the issue.

Helen Zille who spoke at the water summit in Worcester earlier this year said this is the worst drought to have hit the country in over a decade. The National Disaster Management Centre has also injected R20.8 million in the City of Cape Town to alleviate the disaster.  The drought has resulted in reduced agricultural activity and lessened the demand for workers in this sector. For the programmes placed by the government to be effective, there is a significant need for professionals to implement these relief plans.  

How does a Qualification enhance my Opportunities in this Industry?

 

Training in this industry is advantageous in that it affords you better career offers in the industry. The qualification you gain, also allows you to have diverse opportunities and a chance to work with any agency. In the workplace, you can be part of the team that comes up with the strategies and plans for disaster relief, you can provide relief services and plans for companies or you could manage teams that are at the scene at disasters.

A Bachelor of Arts in Disaster and Safety Management qualification affords you a great salary for the skills and expertise that you bring to an organisation.   

How much will you Earn? 

According to PayScale, a risk manager earns an average salary of R476, 044 per year. If you’re a chief risk officer the average salary can be as high as R1, 235, 235 per year. 

Which sectors can Disaster and Safety Management graduates work in? 

Disaster Management Specialist/Practitioner
Operations Risk Officer
Local Government Disaster Management
Construction and Mine Safety
NGO’s (Non-Governmental Organisations)
Insurance and Risk industry
Occupational Health and Safety Officer
Law Enforcement
Agriculture
Manufacturing
Humanitarian and Climate organisations

What does the Disaster and Safety management degree cover? 

A Bachelor of Arts in Disaster and Safety Management covers content such as Fundamental Disaster Management, Fundamental Information and Communication and Disaster Risk Reduction and Development. This will equip you with top skills that are desperately needed in this industry and allow you to gain access to influential positions.

The course will also equip you with primary skills in areas such as disaster prevention, environmental planning, disaster relief and recovery. You will learn the guidelines and principles of providing safety to vulnerable communities in times of crisis.

Lyceum Alumni Testimonial 

“Lyceum is an awesome college. Their study materials are accurate and understandable. The lecturers are always available to help you out when you’re experiencing difficulty, which is great”.

- Teatji Bruce Mabokela, Lyceum graduate- Currently employed in the Department of Defence.

A career in disaster management offers diverse opportunities for those passionate about being in this field. Professionals in this industry can help save lives and prevent disasters.  

 

About the Author: Khanyie Dlamini 
Content Creator at Educor Holdings

As a writer in the education sector I am passionate about nurturing people in their careers, wellness and personal growth. I focus on a variety of illuminating topics that are helpful to people’s growth and success. I hope to inspire people to feel motivated to live up to their full potential and know they can have an optimistic and prosperous life. My intention is to contribute to an empowered nation that makes great choices and positive change.

Personally I enjoy the world of fashion and keeping up with the trends. I have great interest in digital trends and the impact of social media in today’s world. I enjoy learning from other creative people. I value having purposeful relationships with people who have great visions that align with my own.

October 18, 2017

The Rewards of Building a Career in Traffic Policing

Image source: Arrive Alive 

Traffic officers play a crucial part in maintaining order on the roads and ensuring the safety of road users

Traffic officers are hailed as heroic professionals because of the skills they have that bring order on the roads. Reports have indicated that there is a critical shortage of traffic officers in the road safety industry. Traffic departments and agencies are severely understaffed which creates a significant problem as road casualties are in the limelight.

Traffic officers have to monitor the behaviour of drivers and be on alert for intoxicated drivers, reckless and negligent drivers, driver’s permits and documentation. Road agencies are in desperate need for trained professionals to deal with the issues that exist on our roads.      

Road carnage costs South Africa’s economy about 400 billion rands a year, all of which can be reduced with significant effort.

Hard-hitting Road Traffic statistics over the years:

According to RTMC, about 14 000 people die annually on South African roads and many more are seriously injured.

What’s more, News24 reported road crash statistics during the festive period for 2016/ 2017, where it was revealed that 1 714 people died on the roads. The cause of these deaths is mainly due to the influence of alcohol, reckless driving and disregarding traffic signs.

What are the Profits of a Career as a Traffic Officer? 

A qualification in the Traffic policing field affords you various opportunities for growth in the industry. This is a career that offers stability and benefits such as a good salary package with bonuses and retirement payouts. According to PayScale a police officer earns an average salary of R157, 951 per year. If you’re a police sergeant the average salary can be as high as R180, 481 per year. As a Traffic Manager, you would earn an average salary of R236, 792 per year.

The job has flexible work hours where you can work 4 days in the week and have days off. This allows you time to enjoy family life and other activities.

What are the requirements to become a Traffic Officer?

You will need a South African citizenship, Grade 12 or equivalent, no criminal record, Code B driver’s license (manual transmission) and a medical certificate with a clean bill of health.

However, with proper Traffic Police training and certification, you will be equipped with the skills needed in the industry and have access to more opportunities.

Who will Hire you?

You can work in government, municipality or any government agency such as RTMC, Cross Border Transport Agency or other national road and transport agencies.

This is a career that allows you to positively impact on the safety of people on the roads and in the community. As a traffic officer, you can expect to become a reputable civil servant, dedicated to maintaining the safety of citizens on the roads. Read more on how you can make a difference in this field.

You get to Save Lives 

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Road safety officers are effective in helping to reduce the number of accidents and deaths that take place on the roads. They are especially busy during the holiday periods where the roads are packed and lots of people are travelling. They are required to be on high-alert and assist in regulating appropriate road procedures.

According to the Easter long-weekend road crash statistics in April 2017, more than 235 people lost their lives. This is the reason why traffic officers are necessary as they prevent uncalled-for loss of lives. 

The statistics further unveiled that during this time: 

  • 1,738 motorists were caught speeding
  • 354 were found overloading vehicles
  • 843 people were without driver's licenses and 346 without public driver's permits.

You play a role in ensuring Safety to Citizens 

As a traffic officer, you have to be familiar with road signs and be able to comprehend the rules of the road. This will ensure that you direct the flow of traffic and keep to the regulations effectively.  

To do well in this occupation, you must be able to handle the pressure and the demands of being a commander on the road. You should be able to work with people and direct road users, be able to listen and make smart decisions. You should possess good observation skills and be able to solve complex issues on the roads when they arise.  

Being able to instruct Road users and Create Order 

As a traffic officer, you need to be up-to-speed with the laws that road users are required to comply with and ensure that they are practiced. You will have to use logic and reasoning to make quick decisions that won’t place the lives of people at risk.  

It is also expected of you to monitor the behaviour of drivers and check licenses and registrations. This includes being able to detect motorists who are intoxicated to help avoid accidents from occurring. Your overall responsibility is to make the experience of all road users a pleasant one.

Career paths you can follow with a Traffic Policing qualification 

Metropolitan Police Officer
Provincial Traffic Inspector
Traffic/Police Officer
Municipal Law Enforcement Officer

Why study with Lyceum? 

Lyceum Correspondence College affords you an opportunity to study a Diploma in Metropolitan and Traffic Policing. The course covers crucial elements in this field such as General Management for Law Enforcement, Business Communication for Law Enforcement and Metropolitan Science.

Lyceum’s course in traffic policing is structured to equip graduates with relevant skills and knowledge that people in this industry need. The programme is uniquely structured to meet the growing demands placed on traffic and police agencies.

A successful Alumnus testimonial 

“With my Lyceum diploma, I stand a better chance to be promoted. Thank you, Lyceum. I am honoured to be a part of your legacy”.  

- Mandla Comfort Nyathi, Diploma in Metropolitan and Traffic Policing graduate, currently employed in policing.

When you complete the Diploma you will become a qualified traffic officer and receive diverse opportunities in the field.  

When you are employed as a traffic officer you have many opportunities to grow in your career. This is a career with many professional and personal benefits. With a traffic officer role, you can create a difference in increasing road safety and influence society to abide by the rules of the roads.  

 

About the Author: Khanyie Dlamini
Content Creator at Educor Holdings

As a writer in the education sector I am passionate about nurturing people in their careers, wellness and personal growth. I focus on a variety of illuminating topics that are helpful to people’s growth and success. I hope to inspire people to feel motivated to live up to their full potential and know they can have an optimistic and prosperous life. My intention is to contribute to an empowered nation that makes great choices and positive change.

Personally I enjoy the world of fashion and keeping up with the trends. I have great interest in digital trends and the impact of social media in today’s world. I enjoy learning from other creative people. I value having purposeful relationships with people who have great visions that align with my own.

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