Audiometric Testing

Under Factories and Machinery (Noise Exposure) Regulations 1989, stipulates that valid baseline for audiometric testing shall be established to every employee by their employer within twelve months from the date of the regulations takes effect of within six months from the day employee commences work.

Excessive noise can also cause physiological problems other than hearing. It can have an effect on emotions, produce irritability, increase blood pressure and heart rate, and produce nausea. These effects on the employee in a noisy environment are not well defined as an occupational illness, but may have an effect on the quality and efficiency of the work performed. 

Audiometric Test monitors the sharpness and acuity of an employee’s hearing over time. Hearing is tested by checking a person’s response to pure tone sounds in frequencies that span the major range of human hearing. Employees identified as being exposed to long-term exposure of noise levels consistently in excess of 85 dBA in the workplace are required to have an initial “baseline” audiogram and then repeat testing on an annual basis. Baseline is the first test given to an employee and this is what future hearing ability is compared to for the purposes of quantifying hearing loss. 

TYPE OF STOCKS

Common shares represent ownership in a company and a claim (dividends) on a portion of profits. Investors get one vote per share to elect the board members, who oversee the major decisions. Over the long term, common stock, by means of capital growth, yields higher returns than almost every other investment. If a company goes bankrupt and liquidates, the common shareholders will not receive money until the creditors, bondholders and preferred shareholders are paid.

Preferred Stock

This represents some degree of ownership in a company but usually doesn’t come with the same voting rights (This may vary depending on the company). With preferred shares, investors are usually guaranteed a fixed dividend forever. This is different than common stock, which has variable dividends that are never guaranteed Another advantage is that in the event of liquidation preferred shareholders are paid off before the common shareholder (but still after debt holders). Preferred stock may also be callable, meaning that the company has the option to purchase the shares from shareholders at anytime for any reason (usually for premium). Some people consider preferred stock to be more like debt than equity. A good way to think of these kinds of shares is to see them as being in between binds and common shares.

  • a) Key tips
– Invest in approximately 20 to 30 stocks in a least six to eight sectors with different investment characteristics. – No more than 20% of the total value of your stock portfolio should be in any one sector. – No more than 10% of the total value of your stock portfolio should be in any one stock. – You should invest a minimum of approximately 3% to 4% of the total value of your stock portfolio in each stock.

  • b) Selecting stocks
Deciding which stocks to invest in can be difficult, especially if you have a low tolerance for risk. That’s why it’s important to define one’s financial goals and how much risk can be tolerated. Research stocks that fit within your strategy and invest in stocks that have the potential to help you meet your specific goals, whether you want investment growth, income, or a combination of the two.
 
  • c) Investing
Your Financial Advisor can provide you with a wide range of stock investing services, including: – Asset allocation strategy development – Individual stock selection – Help in deciding when to buy and sell your stocks
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