Management Matters Archives - Anthill Online
Sunday, December 11, 2016

Management Matters

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

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.

Monitoring cash flow should be your number one priority if you are a business owner; after all, cash is king. Part of this process is having careful control of debtors, for anyone that has experienced times of tight monetary control you know how critical this is in tough times.

Harnessing new technologies, processes and tools to manage your small business more efficiently creates a platform to realise business success.

Everything you say or show your developer will be filtered through their own experience, preferences and expectations of how software should behave, so you need to find a good one right from the start.

Empowered by technology and made affordable by marketplace economics, SMBs can now benefit from a new generation of recruiters, who were previously accessible only to large companies.

Whether you are just starting a new business or have been running a business for years, everyone wishes they checked off the top 3 issues which often arise

It’s usually easier to look back after a business has failed and identify why than it is to save a business from failing in the first place. However, it begs the question of what a business owner can do if their business is struggling?

Having just been named one of Australia’s Best Places to Work in 2016, David Hickey shares his insights on how to breed a corporate culture which attracts and retains talented, ambitious Millennials.

In the past there have been occupations that remained relatively stable, for example lawyers, doctors, and accountants. If you went to university, got one of these degrees, and entered that particular workforce, it was assumed that you’d be set for life. However, this is no longer the case.

Few would argue against the idea that the design of relevant, valid and reliable pre-employment assessments should be undertaken by specialists who understand the make-up of key psychological constructs that drive a candidate’s suitability for a specific job or organisation, such as personality traits, drivers, cognitive abilities, and so on.

Xref, at its core, is an automated, cloud-based candidate referencing platform – that in itself is a major win for its clients in terms of the time and money they save on resources otherwise wasted on calling and chasing referees.

The New Financial year also provides a perfect opportunity to apply similar strategies to ensure that your businesses health thrives with minimal to no hiccups.

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