EXPERIENCE is not something you can GOOGLE
Performance reviews are an invaluable tool for an organisation to ensure that everyone is working towards a common goal. However, without open and honest two way feedback real progress will be hindered. It is just as valuable, if not more so, for managers to get a real understanding of their employees’ motivations and drivers as well as of any bottlenecks slowing progress. This should also involve staff being able to give honest feedback to managers about how they think the team can run better or things can be done differently.
The BRW has an article outlining some of the questions that managers should be asking themselves and others within the business in order to become better managers themselves and to help drive the business as a whole forward.
BRW - Graham Winter - "How businesses use performance reviews to avoid feedback"
This is a very important question that all interim managers and consultants need to ask themselves frequently. There are no hard and fast answers to this question and the answer could potentially be different from one assignment to the next. Most people when asked this question would say they aren’t being paid enough, however as this BRW article shows, there are also people on the other side of the coin who believe they are being paid too much.
Either way you look at it, pitching for your expertise at the right level is so very important and should be a part of all interim managers planning sessions and an ongoing discussion. The balance between pricing yourself out of the market, but appropriately signalling your value and expertise is a tricky line to draw.
The BRW article (based on the program on negotiation at the Harvard Law School) can be found here:
BRW – “How to work out how much you should be paid”
Company directors have recently been pushing to have the financial laws watered down to protect themselves against personal liability and the ASIC are not having it. As a company director (or even a non-executive director) it is vitally important to ensure that you are aware of your duties to the company, keep the business's interests front of mind and act accordingly otherwise you will be held personally liable.
This article from the business section of the Sydney Morning Herald has given a fantastic overview of the key players pushing for change as well as some key things to look out for.
The full article can be found below:
Georgia Wilkins – Sydney Morning Herald – "ASIC warns directors they are liable"
Be honest now, how much time on a daily basis do you think waste writing and replying to emails? Surveys have shown that on average employees send and receive over 100 emails per day and that is increasing year on year at an alarming rate.
What can be done to return productivity to the workplace?
Asana is a company out of the US founded by ex-execs from Facebook that is trying to do just that. Could this be the future of business communication what do you think?
The full article can be found here:
Courier Mail – "Dustin Moskovitz founder of Facebook and Asana wants to see the end of work email"
We have spoken a number of times over the last 12 months on the importance of networking, especially with the current market conditions creating increased competition for fewer positions. Many people avoid attending networking events as they say it is difficult to find the time within their busy schedules however this is no excuse. It simply means that making the most of the time you have at these events is more important.
Forbes has put a fantastic list of tips and tricks together to help you survive your next networking event and the article can be found here.
Forbes - Darrah Brustein - 17 tips to survive your next networking event
If you are located in Brisbane we hope to see you at our next event on Thursday the 21st of August at the Vic Park Golf Complex. Details can be found here.
Brisbane Networking Event - 21st August at 10am - Paul Kennedy - "Growing your business"
For businesses to thrive in the current market it is vitally important for businesses to know and understand the difference between management and leadership. All businesses need a strong leader and not just day to day managers as "Leaders lead people and managers manage tasks".
Mark McConnell from BRW has outlined the key things that are required out of a strong leader.
AIEA is focused on supporting strong leaders and helping them transfer this knowledge to businesses that require it. If you think you would benefit from the knowledge and expertise of a strong senior executive don't hesitate to get in touch with us. We can assist in taking your business to the next level.
The full article can be found here: BRW - What mid-market businesses get wrong about leadership
It has been a very interesting few months with all the States and Commonwealth releasing their budgets. This seems to have rattled consumer confidence, at least for now, and companies who used to look at how the international markets were performing have turned their sights domestically.
According to a survey of 500 of Australia's top CFOs the Australian economy is the key hindrance to the growth of their companies.
Will consumer confidence return?
Tom Cowie and Shaun Drummond from the AFR have written an article outlining this change in CFO focus in a post budget Australia. The full article can be found here: AFR - Budget woes weigh on finance chiefs
There is a growing trend for over 50s to start successful businesses later in life. A large part of their success is owed to their years of life and work experience. With Australian's working later into their lives starting a business in your 50s makes a lot of sense.
This trend has been given the title "Seniorpreneurship". Tony Featherstone from BRW has written a very interesting article on this phenomena. And the full article can be found here:
Tony Featherstone - BRW - Meet the Baby Boomer entrepreneurs founding start-ups later in life
The Queensland Budget was also a mixed bag, so it will be interesting to see how businesses and residents react in the coming weeks.
On the upside, for jobs, consulting opportunities and the economy going forward $200 million has been earmarked for upgraded ICT in the health department and almost $6 billion on infrastructure investment in transport and rural and regional infrastructure. The State is also forecasting economic growth of 3% in 2014-15, which would be the strongest in the nation.
There have been mixed responses regarding the government plans to raise $33 billion through asset sales, including ports, pipelines and electricity generators. This means opportunities in restructuring the assets and preparing them for sale, and with investment consortia looking to invest. Of course, any program of asset sales creates concern for jobs and service costs as well, and industry reaction has been mixed.
And on the downside, following the federal government's lead, there will be cuts to seniors and pensioner concessions for utilities and services.
More information will be available as commentators have a chance to digest all the details, but here are some good overview articles explaining the budget measures, winners and losers:
The previous Labor government offered a $1000 bonus payment to organisations hiring a new employee over 50 years old. Did this work? Did this increase the number of over 50s finding employment? The current Government thinks that more can be done. Will increasing the bonus payment up to $10,000 have the desired result?
Fiona Smith from the BRW has written an article on this topic that is definitely worth a read. The full article can be found here.
Fiona Smith - BRW - Paying for experience: why we need bribing to hire someone over 50
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