Archive | Management

5 Decrees to Stop Talented Workforce from Walking Out the Door

If you’re running a business you will know that hiring truly exceptional talent is getting difficult these days. Rather, it was always difficult. Yes, there is a wealth of individuals out there looking for jobs who are armed with high profile degrees from the best colleges. But this doesn’t mean they have the required proficiency in a particular domain which can deliver the results you are looking for.

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Creating a Culture of Fun: 7 Employee Gift Ideas

Every successful business is built on the effort of quality employees within the organization. If your business has effectively recruited an all-star team, how do you continue to keep them motivated to perform? Many employees find that after working with the same employer and in the same capacity for years, that their morale can decline.

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Building Better Business Relationships

As business people we are all working to increase our share of the market. But, having the best products at the best prices may not be enough. To build a successful business you have to build relationships – relationships with your peers and colleagues, with your customers and clients, with your suppliers and distributors, with your employees and co-workers, with your support services, with your board of directors, and even with your competitors.

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Beyond Financial Results

Businesses review their financial results every month. They look at the revenue, expense and net income. They compare the results for the month with the budget figures. They look up the assumptions made in the budget, investigate the activities that took place for the past month, and derive an explanation for the variance.

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Can you turn someone on your team into a good leader?

Effective leaders are seen to establish strategic direction by developing a vision of the future; aligning people within the business by communicating the vision and inspiring them to overcome hurdles to improve overall organisation performance. It sounds good in theory, but can you ‘teach’ someone how to be an effective leader?

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Performance Appraisals are Key to Employee Development

Effective performance management is essential to ensure that a business is operating efficiently and is on track in achieving strategic goals. Performance appraisals are a review of an employee’s performance against pre-determined objectives. They identify the strengths and weaknesses of an employee and address how to improve or develop these areas.

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How to keep your customers paying on time, every time

In a perfect world you wouldn’t start a job unless your customers paid the entire price up front. Unfortunately things don’t usually work that way. It’s not impossible to get such favourable terms, but this all depends on your bargaining power (eg. if there’s little or no competition and your product/service is in high demand). Most small businesses do not have that kind of power.

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Self-Check: Are You a Micromanager?

The perils of micromanaging can not only impede on workplace productivity, they can slowly destroy employee morale and company drive. You respect your job and you do it well – that’s how you worked your way up to where you are in your career.

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The Recipe for Effective Processes

Process defines the approach to work execution in a business. A streamlined process provides speed, quality, and solid results. A convoluted process chews up resources and produces poor performance. In order to expedite results, processes need to be well defined. There are six components to a process. They are what, why, how, where, who, and sequence.

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Conducting a Redundancy Process

There can be a number of reasons a business considers making an employee’s position redundant. This could include a downturn in business or the end of a major customer contract which means there is just not enough work available for the number of employees.

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