Effect of Disengagement

Over recent years there has been seen a significant shift in the employee-employer relationship.

With increasingly competitive markets, globalisation, a volatile economic climate, demands for constant change and the war for talent, organisations face significant challenges in their pursuit for business success. The psychological contract is now different to what it once was; for many, there is no longer a job for life, and indeed redundancy is a very real possibility. There is also evidence that expectations of employers and employees differ from those of the past.

In increasingly turbulent times engagement may therefore be the ‘deal-breaker’ for organisations seeking sustainable success.

Some employees now seek short-term careers in different organisations with the expectation that they will commit for the short-term and move on from jobs that are not satisfying, or simply use experience gained in one role as a stepping stone to another job (Bates, 2004). On the other hand, organisations want people to put in extra effort and generate innovative ideas to improve services and save money (Skapinker, 2005).

Representative APR 391%

Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

Calculate APR