Tue Nov 29, 2011 at 07:41 AM by Dennis Nicholas
As soon as you assume a role as a senior executive, you’ve undoubtedly acquired a set of skills and proficiencies that makes it possible for you to be efficient in your new job. To help you get to this position, you somehow had mentors and coaches who very much monitored your progress, pushed you to develop your talents, and, when necessary, they confronted you with constructive feedback that you may not have wanted to hear but needed to in order to persist on your upward course.
At this level in one's profession, most of your former colleagues are probably subordinates. Even as you may well be “overseen” by your senior boss or the board of directors, your top level executives most likely no longer directly observe your daily activities. But instead, they’re now forming their opinions based on your presentations in comparatively official settings or on hand-me-down reports coming from your subordinates.
As a result, many heads realize that as they grow to be more senior, they get significantly less coaching and happen to be more vague in relation to their developmental needs and performance. They also become more and more isolated from positive criticism—junior staff don’t want to affront their boss and often believe that positive suggestions are unwanted and imprudent. At this level of their careers, they don’t really focus adequately on building mutually honest subordinate relationships – very critical in getting feedback and making recommendation a lot easier.
Too often though, when these senior managers eventually do get feedback in their end-year evaluations (normally the 360-degree-feedback plan) they’re shocked to be faced up with specific criticisms in relation to their leadership style, interpersonal skills and communication approach. Worse still, wide concerns are often raised about their key tactical decisions, strategy, and working priorities for the company.
The main objective of this editorial is to extract these approaches into a detailed and actionable recommendation. In doing so, we anticipate more awareness of the inclination to become isolated and advice approaches to our executives in getting better feedback, mostly from junior staff, which will help bosses materially develop their performance levels. We will also argue more steps top obtain considerably better strategic guidance regarding your business or organization. By considering these actions, you ought to be able to acquire better ownership of the recommendation process and advance your ability to put together your organization, capabilities, and occupation.
Promote a network of subordinate coaches
According to recommendations, getting recommendations, job feedback, when to give the job recommendations, Executive job searches |
Sat Nov 26, 2011 at 06:31 AM by Dennis Nicholas Human Resource chiefs have inspired to be tactical advisers to industry leaders for no less than a generation. However, this hasn’t been easy for many since it’s so hard to quantify the business value of Human Resource acomplishments. For example, you’d ask your HR executive “Are we getting any ROI from training?” and “What is the best screening practice to capture the top performing recruits?” or “Which target-setting technique will most motivate performance?” Such questions have often been replied with loose answers.
Today, conversely, new tools and techniques for analyzing statistics enable HR to delineate the link between performance and “individual practices” more efficiently. It couldn’t have come at appropriate time, given that CEOs are hunting for value added service. The end result: if you haven’t of late discussed with your HR executive ideas for using data to develop a talent strategy that’s a bit closely connected to business results, it’s not too late.
Does it even make any sense at the moment? Of course it does, well, for starters – the corporate trend to embrace HR information systems and enterprise resource forecasts has made information on business performance, operations, and personnel more standardized and accessible. Besides, the growth of HR information systems has built a society of software and technology third parties that can assist business executives and HR use data to unearth connections between labor productivity and talent management. Lastly, the strengthening and outsourcing of operational HR work has driven most leaders to take a first step in quantifying and detailing HR expenditures and performance.
The Bon-Ton chain of close to 285 department stores in the US, for instance, leveraged its statistics to spot elements that made sales representatives dealing with cosmetics successful. Currently, it’s screening potential representatives by employing test of situational judgment, cognitive ability, initiative taking, including other relevant characteristics. Those who manage to score on the top half have a tendency to sell 10% more products compared to those who tend to love their work more. From 2008, the company has witnessed growth of about $1,400 in sales per rep.
More establishments are emerging, predominantly in businesses where workers are vital to value creation (especially financial sectors, retailing, and health care) and more so where inadequate technical skill governs growth (for example technology and upstream oil exploration). Although specific individual-related practices that put in value will vary by organization—industry dynamics, growth rates, talent scarcity, and corporate customs all shape the answers— most businesses witnessed that obtain additional value from investing in HR data used some variation of these undertakings.
HR focused as a business priority: Most HR staff examines, organize, and quantify their activities through the conventional worker life cycle: beginning with recruiting, hiring, along with “on-boarding” and going on to assessment, training, and |
Fri Nov 25, 2011 at 11:09 PM by Dennis Nicholas Most companies thought increasing wages was the best way to motivate employees. Workers were given bonuses for achieving their objectives, salaries were increased to members of staff with exceptional performance, and over-achievers were granted additional stock options.
However, when the thorny global economy took a different direction a few years ago, many firms were pushed to cut down on financial incentive programs in order to stay economically viable.
So, what is the best way to motivate employees when a company has lost its previous grip to offer financial incentives or wishes to look beyond tranditional compensation and movitational sturctures? And, most importantly, how can employees motivate themselves in such a scenario.
According to McKinsey research, “workers motivation is wilting all over the world – self-esteem has dropped at nearly half of all organizations.” Which means it’s more crucial than ever for executives to seek ways to successfully retain and motivate top performing employees. This also means workers need to contemplate on better ways improve their morale and keep themselves motivated.
Interestingly, the McKinsey survey illustrates how three non-cash motivators are “even more valuable motivators compared to most highest-rated financial incentives”:
ü Leadership attention (for example one-on-one conversations)
ü Praise from direct managers
ü An opportunity to direct projects or tasks
What this implies for employees: Unhappy employees who can’t leave their places of work should find creative ways to get motivated at work and stay happy. They should also begin incentives such as volunteering to manage new projects or mentor junior employees.
Employees should work one-on-one with top management and human resources to find cost effective ways develop their skills, hence remain even more valuable to the firm.
Today global economies are showing signs of recovery and we are optimistic that organizations will embark on reinstating financial rewards in the future. Nonetheless, it’s imperative for both parties (managers and employees) to reflect on creative, non-econ |
Thu Nov 24, 2011 at 11:16 PM by Contributor Well, you’ve tirelessly been looking for that job opportunity and submitted several applications to different hiring firms, then, one day you wake up and you receive two different calls inviting you for an interview. You think a bit, and you really can’t reach a decision as on which one to pursue. In our careers at some point or another, this kind of dilemma will encounter, so what are the most effective steps to take before making that critical career decision.
When two or more job opportunities come knocking, here are simple most effective steps take prior any decision:
- Brainstorm: The first thing it to sit down and gather all the things that are most significant to you when it comes to your career. For instance, you may gather a list of items that include: The capacity of the company to promote you upward, income, commission arrangement, bonus eligibility, the organization’s culture, the kind of work, and control over particular projects which you’ll be assigned to, company stability, medical coverage, scheduled hours to work per week, projected cost of business travel, etc.
- Prioritize: After you’ve brainstormed, run through the list again and select top 5 items that you find most important to you. Make priority your list of 5 items from the top being the most significant to the last item in the list as least important of your priority.
- Analyze: Arrange two columns alongside your prioritized list, to match each job opportunity. Figure out each item and the degree to which each employment opportunity will endow with /satisfy each main item.
After carrying out this exercise, it normally becomes a lot easier as to which job opportunity better fits most of your listed items, considering you career moves, needs, and wants. Of course this exercise can’t completely lessen your risk of going into a new position; but it will definitely afford more adequate time analyzing every job opportunity so as to make the most clued-up decision possible. Note: most of the things we learn in life usually involve some level of risk.
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Thu Nov 24, 2011 at 03:03 AM by Contributor In a recent study carried out by researchers Joanna Lahey and Emily Johnson, “post-high school training and education, like from a professional training program or a college, are main factors in determining if a woman would secure an interview.”
Unemployment today has risen up to 9% and most of all, women are having difficulty securing a gainful employment, particularly if they are making a re- entry to the workforce subsequent to a long absence. This encouraged researchers Lahey and Johnson to carry out a résumé audit. “The point of this research was to find out which resume attributes are considered significant by potential employers of working-class women coming back to the workforce,” according to the researchers.
According to the study, Lahey and Johnson came up with roughly 8,000 different résumés which they later submitted pairs of résumés that were randomly categorized to 3,996 hiring firms across US. The firms chosen represented a range of industries such as manufacturing, sales, law firms, services and health care. Of course all included entry-level jobs that needed up to at least a year of post-high school education in addition to experience. The researchers observed at the effects of one’s age, vocational training, job-related experience, other non-work related activities and span of gaps in employment history. What they discovered was rather unexpected:
Employment-related experience included on a résumé doesn’t increase the likelihood of an applicant to secure an interview: Although these results were “varied and statistically irrelevant.” Employers showed more interested in education compared to previous employment experience.
Including activities outside of work also doesn’t necessarily increase the possibility of securing an interview: Surprisingly, this seemed to contrast across geographic regions. For instance, “in Massachusetts, volunteerism poises an important positive effect on one’s résumé, while sports is statistically irrelevant. On the contrary, in Florida, sports initiated a positive effect on the possibility of securing an interview, whereas volunteerism has no important effect,” according to the researchers.
Showing a gap in employment history between jobs doesn’t affect any odds an applicant will secure an interview: This finding in reality runs counter to what most résumé coaches advise their clients in relation to employment gaps. Contradictory to what researchers expected would happen, “showing a gap in employment history has nearly no effect on the likelihood an applicant will receive an interview ca |
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