Tag: employee management

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8 Crucial Business Skills to Weather the Recession Storm

The current decade has been turbulent at best, challenging business paradigms, industrial practices, and biological presumptions across the planet. It begs the question: What is the successful route to developing resilient business skills for the years to come? From a global pandemic ranking near the Spanish Flu of 1918-1920 to worldwide lockdowns suffocating the travel and hospitality industries, through an overnight transition to remote work, a massive bump of cryptocurrencies, a housing market growing like crazy from Hong Kong to San Francisco to a global crash in 2022, businesses definitely had to endure a lot. Back to The Global Recession… Continue Reading
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Defining Employee Feedback Plans and Pinpointing Areas for Improvement: The Tactical Guide

Why are feedback sessions so important?  For one, companies that carry out regular employee feedback have turnover rates that are 14.9% lower than those employees who receive no feedback at all. Now, here are additional helpful insights from the stats on employee feedback and performance reviews:  Managers who received regular feedback on their strengths showed 8.9% greater profitability. (Source) About 43% of those highly engaged employees receive feedback on a weekly basis. (Source) 92% of respondents agreed that when negative feedback is delivered appropriately, they can be highly effective at improving one’s performance.” (Source)63% of Gen Z employees want to hear constant and… Continue Reading
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7 Ways to Teach Your Staff ROI: The Pivot to Billable Activities

Building a successful organization requires a comprehensive business strategy across each of your departments. It is also closely related to your business model, the industry you belong to, the status of your finances, the available opportunities, and—of course—your team. While your senior management team may be aligned with the company goals and vision, you want to build a culture of self-managed rockstars. Otherwise, you'll fall into the trap of micromanagement. My guiding light is ROI.  Often, your resources are only limited. You do not have all the time to spend and disperse across hundreds of initiatives. There is always a… Continue Reading
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Leadership Development: How to Promote and Grow Your Management Team

According to several independent studies, 80% of leadership positions have no formal training at all. If you run a mid-sized business and promote your management team internally (as the majority of the organizations out there), you likely fall into the majority of the businesses that grow organically. Management, along with leadership, is often taught “on the job”—without an MBA degree or background in economics to help you move forward. Leadership training can help people. Your staff will become more aware of their weaknesses and strengths. Communication skills—along with other critical soft skills for leaders—are improved by learning to clearly express… Continue Reading
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22 Self-Improvement Areas for Effective Leadership

As a manager, you need to be an exemplary leader in order to help your organization grow. There are lots of leadership traits that define great managers. Most of them are hard to observe and investigate unless you know what you are looking for. In this piece, I will uncover some of the most important traits that we look for when hiring intrapreneurs and top talent internally, as well as the main areas to work on with individuals and managers for professional self-improvement across different organizations. 1. Defining Success In order to be successful, you first need to figure out… Continue Reading
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20 Actionable Ways to Retain Top Talent

How do you retain top talent? Retention rates are going down for most companies around the globe, especially with COVID-19 negatively affecting the workforce and with remote work opportunities.  It has now become more challenging to retain top talent.  The Information Technology (IT) industry itself and the digital world is making it look more competitive because people can work remotely and take advantage of great compensation packages. Most great hires out there are already employed for an obvious reason. Now, companies are the ones chasing after top talent and the sooner you adapt to the new hiring paradigms, the better… Continue Reading
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11 Aspects to Focus On to Boost Recruitment Marketing

Why do companies invest so much time and resources in recruitment marketing? Gone are the days when companies could easily go cherry-picking among hundreds of applicants. Sure, CVs are flying in all the time, but they are predominantly interns or juniors looking for a job in a different industry or field of work. Top brands invest significantly in recruitment marketing. What is Recruitment Marketing?  If you're running a business, then you know how hard recruitment is. If, for whatever reason, you are unfamiliar with recruitment marketing, this is basically the type of marketing that is bringing applicants closer to closing… Continue Reading
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Developing Discipline: 8 Integral Traits and Tips for Practical Application

This is the guide to developing discipline, including both the essentials and the tactics to make it a habit either personally or professionally.  So, why is discipline important?  The semantics around how to become disciplined have been fairly controversial especially when we account for the fact that disciplining team members is using the same verb. The truth is that discipline is merely sticking to an established process, following protocols, and adhering to requirements.  And even the most easy-going startups, or the companies with fun Google-like playgrounds, still require a certain amount of discipline because every business goes through ups and… Continue Reading
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How to Manage Difficult People in Your Team

One of the biggest problems new managers face is juggling team management with other responsibilities. According to an analysis by the Center for Creative Leadership, about 68% of new managers struggle with this problem. In team management, managers mainly deal with difficult people and challenges involving underperformers, skills mismatch, slackers, and workplace conflicts. Although workplace conflicts resulting in confrontations are quite common in most companies, not all managers are adequately trained in handling such problems. This is particularly true for the 60% of new managers who have claimed that they never received any form of training in transitioning into their… Continue Reading
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Employer Branding Essentials for Successful Scaling

Employer brand is the company's brand facing inwards, mostly aiming for employee retention and recruitment. Furthermore, your employer brand refers to the reputation you have built as an employer with the help of your employer value propositions.  Employer branding is the process of managing your reputation as an employer among your employees, potential hires, and even the rest of the job seekers in the market. This process is concerned with all the strategies required to position you as a reputable employer. Companies with solo founders can benefit from the founder's (or CEOs') personal brand and act as an inherited employer… Continue Reading