What makes a good administrative assistant?

What makes a good administrative assistant?

Initiative and drive – the best admin assistants aren’t just reactive, responding to needs as they come in. They look for ways to create efficiencies, streamline operations and implement new programs to the benefit of themselves, their execs and the business as a whole. IT literacy – this is essential to an admin role.

What skills are needed for administration jobs?

However, the following skills are what administration employers typically seek:

• Communication skills. Office administrators will be required to have proven written and oral communication skills.
• Filing / paper management.
• Bookkeeping.
• Typing.
• Equipment handling.
• Customer service skills.
• Research skills.
• Self-motivation.

What is the job of an admin?

An Administrator provides office support to either an individual or team and is vital for the smooth-running of a business. Their duties may include fielding telephone calls, receiving and directing visitors, word processing, creating spreadsheets and presentations, and filing.

How do administrators get paid?

The administrator’s fee will usually be a fixed percentage of the value of the property dealt with, a fixed fee, or based on the time spent by the administrator and their staff. It will also take into account factors like: The complexity of the case. Any exceptional responsibilities are taken on by the administrator.

Who gets paid first in administration?

When a firm goes into administration, debts are paid to creditors through assets of the business in a descending order of priority. When the creditor who takes top priority is repaid fully, the next creditor claim is addressed and so on until the assets are no longer available.

Can you come out of administration?

If a company is deemed viable in the long-term, the administrator may decide that a Company Voluntary Arrangement is the best way out of administration. This involves a single monthly repayment being made to the administrator, who distributes it to each creditor as agreed in the CVA.

Is going into administration the same as going bust?

The primary difference between the two procedures is that company administration aims to help the company repay debts in order to escape insolvency (if possible), whereas liquidation is the process of selling all assets before dissolving the company completely.

Do you still get paid if a company goes into administration?

Generally speaking as an administrator, he or she will have to pay this but won’t pay the arrears of any payments you are owed. Be aware that if you are on Furlough your redundancy rights are unaffected in any way. If you have lost your job, SIGN ON as soon as you can.

How do you know if a company has gone into administration?

5 Ways to Research Whether a Company is Insolvent

1. Do a Search via Companies House.
2. Check if the Company is in Provisional Liquidation?
3. Check the London Gazette Insolvency Notices.
4. For Sole Traders, Search the Individual Insolvency Register.
5. Search for people with Bankruptcy and Debt Relief Restrictions.

How long can companies stay in administration?

12 months

Can you still buy from a company in administration?

New purchases Once a retailer has officially gone into administration, it usually stays open for a number of weeks to clear its remaining stock and raise as much money as possible. If you have store credit or gift vouchers, you should spend these while the store is still trading.

What happens if my work goes into administration?

What happens if the company you work for falls into administration? If they do so within the 14-day period, those former employees become “ordinary creditors” within the administration, so will line up along suppliers and other creditors.

What happens to furloughed employees if company goes into administration?

A furlough in administration creates a unique situation where you can find a non-trading, trading administration. Effectively the employees will not be made redundant, but will not be expected to work either.

What happens if my boss closes the business?

If you close your business, you will have to make your employees redundant. Depending on how many employees you have and how long you have employed them for, you will have to: make statutory redundancy payments. inform employees individually – and, if relevant, speak to their representatives.

What happens to directors when a company goes into administration?

As the company nears the final stages of liquidation, any proceeds realised from the company’s assets will be distributed to the company’s creditors. Directors will not receive any proceeds from the company in their capacity as shareholders, as the company was insolvent.

Can a business close and not pay employees?

Some states do have “report-in” or “call-in” pay laws that require employers to pay nonexempt employees if they show up to work as scheduled but are sent home or sent home earlier than scheduled. Otherwise, employers are not required to pay hourly, nonexempt employees for business closures or early closures.

Can a business close without telling employees?

Yes, if the terms of contract say that a company can terminate an employee without any notice then certainly the company has the right to terminate and the terminated employee can not challenge the termination.

Can a company close and not pay you?

According to the Department of Labor, the Fair Labor Standards Act only applies to hours actually worked. Employers don’t have to pay you if they shut down the business temporarily because you didn’t work those hours. You may be luckier if you are an exempt employee, meaning you get paid a salary.

Do you get paid during a state of emergency?

If the weather is worsening and state or local officials have declared a state of emergency, and you decide to close part way through a day, you must pay exempt employees their full salary. Even if no emergency was declared and you close out of concern for your employees, you may not dock pay.

What is plant shutdown pay?

Generally, employees who lose their jobs in a layoff have no automatic right to severance pay. However, there are a few exceptions: Mass layoff severance. In a few states, employers are required to provide a small amount of severance as part of a large layoff or plant closing.