Showing posts with label Business Management. Show all posts
Showing posts with label Business Management. Show all posts

Thursday, 6 March 2014

Get On The Right Bus (1)


......if you don’t know where you are going, any road will take you there.

In a bid to get to work on time, Zoey jumped onto the first available bust at the Bus Park. She had woken up 30 minutes later than usual that Monday morning and was certain that she would miss her 7.30am resumption deadline if she does not attach herself to a moving bus right away. She could not care less that the one she had boarded wold not take her normal route which was shorter and faster; all she wanted at that moment was to be on a moving bus!

45 minutes later, the driver announced that he would be turning back two stops away from her normal stop. Hence, she became stranded as she found herself in an unfamiliar environment. It took another 20 minutes to gather herself and locate another bus that would take her to where she was going, but at this point, she had lost so much time. She eventually arrived at work at 8.10am, and spent the rest of the day lamenting the woes that befell her that morning.

What went wrong? She boarded a bus on time, and yet was late to work.
In truth, she did everything right except that she that the bus she boarded was not the right one. A little more focus and patience would have gotten her to the office not only earlier, but more composed that morning!
In life, we often found ourselves in a hurry, perhaps because we suddenly wake up to realise that time had passed us by, and we need a lot of catching up to do. We are a few years behind the time we should have gotten married; we should have gotten a job 5 years earlier; we should have built that mansion 3 years back; we should have had that baby 6 years ago! Because of this time lag,, it is natural for us to want to rush things just to get to that destination we felt we should have been earlier, and so we accept anything that comes our way so long as there is a promise to get us there.

It is not a problem for anyone to run late. The question is “is the bus we’re on is going in the right direction?”.

At the beginning of this year, many of us wrote New Year resolutions as usual.

These resolutions represent the destination we intend to get to at the end of the year. But again, I ask; are you on the right bus,? Will the bus you’re on right now get you to that destination at the end of this year? Will your present actions and habits get you the desired results? What do you feed your mind with daily?

...to be continued.

Sunday, 12 January 2014

TOWARDS PERSONAL EFFECTIVENESS - Continuous Learning





Change is the only constant thing in this life. Right from the time we were born, change (both physical and mental) is one thing that has kept us relevant in the scheme of things. First, a child learns to mimic a smile before he learns what a smile really means. He giggles when he is exited. He makes cooing sounds when he is contented. He belches when he is full.....after nine to twelve months; he learns to walk….and afterwards, jump, run, dance etc. All these are fun for the child who is just discovering the beautiful world he was born into a short while ago. All these are also learning processes through which the child acquires skills he would need all through his lifetime.
It has been said that most people spend their adult life defending what they already know. That is the mistake a lot of people make as learning in reality never stops. Learning is a lifelong process which requires that we constantly shed or update (as the case may be) old information, beliefs and even lessons in order to embrace new ones. That is the only way anyone can remain relevant despite the passage of time.
As we grow older, we become more responsible for our own personal growth and development. The onus then falls on us to ensure that we acquire the right skills/information that will enable us to stay relevant in the new age. This goes beyond a new academic degree…as a matter of fact; degrees only contribute about 50% of the skills you need to stay relevant. Much of what you need can only be gotten outside of the classroom i.e:
i.                    Networking
ii.                  Books
iii.                Journals
iv.                 Training courses. Etc.

Do not misunderstand me. I am not insinuating that experience is important, neither am I encouraging you to do away with what you know is right. However, most of the knowledge we acquire today have a lifespan of about one year or less (given that we are in the information age). It therefore becomes imperative for anyone who wishes to remain relevant in this time and age to always be on the move in terms of learning.
You would find it surprising that the term backwardness and retrogression is no longer taken to mean that one is taking backwards steps. In contemporary times, it refers to anyone who is not taking a forward step. Normally, in a race, if you are not moving forward, you would remain on the same spot while others would have gone ahead. Hence when your situation is assessed alongside that of your peers who have gone ahead, you can be said to have retrogressed simply because you have not moved from the same spot. The same applies to our daily lives as you pursue your career, family, wealth, and other personal aspirations.
Remember, the key to relevance is to constantly learn and relearn, for the day we stop learning is the beginning of the end.


Have a great year ahead!

Saturday, 4 February 2012

Employee Retention Strategies

Retaining talented employees has become a major challenge for many organizations in recent times as a result of the fact that recent graduates on the average would apply to a large number of companies in order to increase their chances in the job market. This has led to employees abandoning their jobs for a better offer elsewhere after the company has incurred costs in training them.
No one is exempted from this challenge. Due to the competitive nature of today’s job market, it has become imperative for most organizations to devise strategies not only to attract but to retain Fresh Hires within the Company. To this end I have come up with these suggestions which I believe will help to prevent loss of talented employees as well as funds incurred in the process of acquiring and training them.

· Clearly Defined growth potential

People between the ages of 18 -30 are mostly motivated by growth potentials offered by their prospective employer. As such, the two key factors that will keep them on the job are financial reward and career potential within the company. At the initial stage, owing to the fact that they are just coming out of school, many talented graduates will settle for the first offer that come their way, but will keep looking for employment opportunities elsewhere if they feel that the company does not have much to offer them in terms of promotion and increase in earnings.

My recommendation would be that they are offered a clearly defined path for growth, both in career and earnings as they grow within the company. They could also be presented opportunities for personal development by recommending star performers for off-the-job training programmes designed to improve their skills and competence.
It is important to establish clearly stated methods of reward for exceptional performers and punishment for substandard performance. Awards and recognitions play a major role in employee motivation as it gives them a sense of belonging and makes them want to give their very best.
These will ensure that their jobs and financial future are secure and will check the threat of being poached away by companies with big names and long term reputation.

· Talent and Skill Utilization

Financial rewards aside, most talented people will prefer to work in a place where they know that their talent and skills will be put to optimal use. Financial rewards may keep them engaged for the first few years of their professional career but eventually they would settle for a work condition that allows them to do what they are passionate about.


As such, at the point of entry, it is important to match not only their educational qualifications but also skills, personality and talents to specific job roles within the organization. If they are happy doing what the company pays them to do, they would not feel that they are working for money. It would therefore take much more than a bigger salary package to poach them away from the company.

It is also crucial to put in place a framework that would enable employees to give their very best to the company. Such framework could include:

1. Freedom to speak freely to the appropriate authority regarding any issue that is bothering them within the work environment. This will enable the organization to prevent issues that could result in high employee turnover.
2. Clarity about what is expected of them: their Key Performance Indices should be explicitly defined as soon as they assume duty.
3. Quality supervision provided by their respective supervisors. This could include giving constructive criticisms when necessary.
4. Freedom to provide constructive feedback.
5. Recognition and respect for Trainees at all times.
6. A work condition that encourage employees to share ideas, complaints and contributions.
7. Opportunities for new Hires to regularly mingle with experienced staff in forums that encourage them to share knowledge and ideas e.g. training sessions, team activities, and presentations.
· Employee Mentorship Program

People leave supervisors and managers more often than they leave companies. As such, it is important to put in place an employee mentorship program that will facilitate a mutually beneficial working relationship between new employees and older members of staff within the company. A mentorship program will enable experienced staff to share their experience and knowledge with the younger ones. A mentorship program will give the junior staff a friendly resource where they can benefit from the coaching, guidance and encouragement the mentor will provide. It will give the them a sense of belonging, commitment and loyalty as it brings them closer to the organization. The mentorship program will also foster a better relationship among members of staff as the old ones will have the opportunity to cultivate new work relationships.

· Work – Life Balance

A work environment that allows people to spend quality time with their friends and family will motivate new Hires to stay with the company as employees. People also love to work in an environment where they can have fun occasionally.

To this end, I would recommend:
1. Strict adherence to stipulated work hours so that they can be properly rested and refreshed for the following work day.
2. Adherence to office traditions such as TGIF and birthday celebrations.


To your Success!