Management Matters Archives - Anthill Online
Saturday, February 25, 2017

Management Matters

Management Matters
News, opinions and advice on managing business systems and people.

Did you attain your financial goals, and ready yourself for the New Year? If not, incorporating a business goal into a resolution is a great way to maintain good financial health.

In a fast changing society it is crucial that businesses acknowledge and embrace the younger generation - allowing them to cut through the clutter and become relevant in a period of innovation and disruption.

Of course, when it comes to attracting the very best of the best to your company, you could throw a lot of money at a person and hope that solves any concerns. But there are other perks that don’t cost a ton of money and still hold the potential to retain your best people.

Such ‘key people of influence’ are able to pitch ideas successfully and build the reputation of their companies. They become thought leaders and innovators, whose presence enhances an entire organisation.

We get so many people who ring every year just before Christmas worried about security over the holidays. However criminals work all year round. Security is just as important in February as it is in December.

When you have both a niche product and a niche market it’s crucial to understand what and who your market is, so you can target your niche market properly. Don’t just look at their demographics, but understand their psychographics too.

Working with on demand workers, particularly experienced C-suite executives, is a great way to bring in best practice from outside your company and upskill your existing talent in a way that fits with your business.

Running a small business isn’t glamourous, and neither are many of the job roles you might be looking to fill. It can be tough to hire for a job that is less than exciting, especially when you’re trying to find great talent. Jobs that are perceived as boring or undesirable are less likely to attract the kind of qualified candidates that you have been able to find for other roles. But when your business is on the line, you need to get creative. Here are 5 ways to make a boring job attractive to the right people. Focus on the intangible benefits Many things can make a job more attractive, including the perks and benefits that go along with it. Try focusing on the intangibles that might make a person prefer this job over another.

As businesses know very well, non-engagement leads to resignations, which leads to unnecessary cost and delays. When staff leave, a whole lot of talent and opportunity leaves with them.

With 2016 drawing to a close and businesses looking ahead to 2020 and beyond, companies are increasingly being tasked to rethink the traditional relationship between Finance and Human Resources.

Running a start-up often feels like trying to hang on to a fast moving train – one that shifts tracks constantly. In a time of constant change, pivoting the business has become a natural order of things for both small start-ups and large organisations.

In laymen’s terms, ROCE works out how much bang for your buck you’re getting out of the time and money you’ve invested in the business. Generally, if this rate of return isn’t high enough it is a sign that some things aren’t quite right.

Technology is disrupting business, changing traditional approaches. Finding employees that will help your business thrive amidst disruption also means being willing to take a fresh approach to how you hire.

Business strategy really must be cascaded down throughout your business to ensure that each staff member is aligned with the common organisational goal and that everyone is pulling in the same direction.

From the 1,000 employees surveyed, 34% would like to work away from their usual workplace at least once a week, but only 49% are offered this freedom.

With evolved smart machines, knowledge workers will soon find their career paths disrupted in the near future. However, this change needn’t be seen as a negative. Future-ready businesses are already recognising the value.

There is nothing tangible that clients are paying for when they use a recruiter. What they’re getting is the ambiguous promise that they can get the best person for the job, and that they are somehow able to find this person in a way others can’t.

How often do we hear or read that a lack of strategic planning and operational management is the cause of an SME to fail? It happens far too often, but it doesn’t need to with a little foresight and planning.

While a space can have everything you need in terms of features, function and culture, it may not be in the right location for your business. Take into account not only your personal commute when choosing a space but also the business' needs.

Company culture describes the workplace environment – including how employees work, interact and collaborate as well as the policies to which they adhere. Positive environments improve productivity and help businesses and employees earn more money.

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