5 Reasons Why Multitasking Actually Works (And Supplements Focus Mode)

Multitasking is a habit of many people who want to get many things done at a time.  More specifically, according to the American Psychology Association, multitasking is done by performing at least two tasks simultaneously, switching from one task to another, and working on two or more tasks speedily. But, it is easy to get distracted, tap into your favorite social media, watch YouTube videos, get on the phone with a colleague or a friend, and forget about the core tasks you were supposed to work on. These distractions can negatively affect your focus, meaning that the quality of your… Continue Reading

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

8 Reasons Why Setting Up a Meeting Is a Must

Most business meetings "should" have been an email.  If the company is large and has more stakeholders, then the slower and heavier the processes become. This eventually leads to more meetings with less work being done.  However, not all meetings are bad. And it is really important to know, as discussed in my previous post and video, that planning the meeting, writing and laying down the agenda, and strategizing can help facilitate a meeting and turn it into an effective venture. What we have discovered is that some meetings can become profitable by just thinking through the right strategies, brainstorming… Continue Reading

10 Global Industries That Need Business Process Management the Most

To become and remain successful and rise above the competition, businesses must continuously improve and monitor their processes. Failure to do so may result in big financial losses, lower investment capital, reduced motivation in employees, and fewer satisfied customers.  This is why more and more companies worldwide are adopting business process management (BPM) applications in different flavors. BPM tools are designed to manage workflows in a consistent, repetitive model, providing an instrument for collaboration among all team members. According to the report led by Market Research Future, the BPM market is expected to grow to approximately USD $16 billion by… Continue Reading

Creating an Employee Performance Review and Feedback Workflow

Resilience is my number 1 hiring trait.  As a manager, you will have ups and downs with your employees, and your feedback should reflect this. It's not about harshness or power play, mind you. Receiving critical feedback may be absolutely devastating for juniors and many introverts.  However, your options are very limited and you don’t want to do any of the following that might only jeopardize the entire company: Stick to praising (missing out on improvements)Prolong tough times until it becomes unbearableSugar-coat problemsLook for a replacement because a civilized conversation is unlikelyDeliver feedback and receive a resignation letter the morning… Continue Reading

10 Practical Risk Management Techniques

Successful business founders, executives, and managers employ different approaches when it comes to risk management. Only 23% of CEOs believe they have comprehensive information about the risks in their business even if 92% of them agree that having such information is highly critical to the success of their venture. On Shark Tank’s season 7, Robert Herjavec said that “Great entrepreneurs live in paranoia”. While I do agree with the sentiment, the risk management course I took back in the day was truly shattering, revealing stories of flood in data centers, construction work crisis in Sydney, and a number of highly… Continue Reading

Onboarding Best Practices That Every Business Should Use

Onboarding new employees is an essential part of the recruitment process. Skipping this requirement can backfire big time.  But here's the thing: onboarding a new hire takes months until reaching efficiency. Hiring the wrong fit is often a 5-figure investment (and past $100K for some roles), considering mentorship, training, involving other team members and management in the process. Onboarding Is Crucial To Reduce Hiring Costs Since hiring is so expensive, it's approached carefully. I try to simplify the recruitment process by hiring motivated people eager to solve problems, avoid culture misalignments (and toxic environment), and ensure everyone can learn on… Continue Reading

12 Productivity Frameworks And Tools For Effective Management

Over 50,000 US users search for “productivity” in Google every single month. When you add the long list of queries around productivity tips, productivity apps, productivity planners, and other forms of definitions around the term, we’re ranking over 300,000 total searches across the board. We are all eager to fight procrastination and maximize our time. Best-case scenario, deliver more in less time, reduce stress and the tedious backlog at the end of the day, and get better at everything we do: professionally and personally. Productivity Trends But here’s a fun fact for you. Productivity has always been a chore. Humankind… Continue Reading

6 Ways to Hire and Manage Remote Workers for Business Advantage

A survey from Fast Company indicated that 55% of more than 1,000 hiring managers agree that remote work is more common these days and have the potential to become the new normal. While remote work presents certain challenges in business operation, many have thrived with its incorporation. Look at the case of Cisco. Back in 2009, Cisco released their telecommuting study results declaring $277M in annual savings for the company. Here are some key metrics outlined in their press release: The average Cisco employee now telecommutes 2.0 days per week.60 percent of the time saved by telecommuting is spent working… Continue Reading

7 Reasons Why It is Difficult to Manage New Projects (Or Inherit an Old One)

What makes projects so difficult to manage? As a project manager, you need to assess the culture, your role, your team, how problems escalate, what your responsibilities are and how to tackle edge cases (delays, problematic team members, running out of budget, handling scope creep, disagreeing with a client, etc.) And within the right environment, everyone follows the company mission statement and the core principles of the organization. This will turn your decision-making process into a quantifiable, well-oiled machine, which should facilitate the team and get the work done. Project management is, in theory, the activity of ensuring a project’s… Continue Reading