Employee search: common oversights

Economic crisis is not the cause of business collapse

Many businesses today have been brought down not only by the global recession but also by mismanagement. It is not in order to assume that the global economic crisis should only be working against your business. Many managers who are failing today are blaming the bad economic conditions for their poor performance. A good business manager should be able to look for effective ways of handling a bad situation and getting the best out of it.

One of the most deceiving business ideas is that by putting your eggs indifferent baskets, you are going to be successful. Most of the managerial trainings include what is commonly called ‘portfolio management’. This theory supports the idea of investment diversification. This is why managers think that during bad financial moments for the business, they need to diversify their investments in order to reduce the risk of losses. This may not be a solution if the management style is wrong. A poor manager will still fail even in a diversified portfolio.

Many are left wondering about what they should do if diversification is not working. The truth is that diversification should only be left for those who are not sure of making it in one line. Instead of diversifying your investments, you should be thinking of specialization.

You should be looking for the best business strategies that can make you a king in your line of operation. Unfortunately, many business managers view success as only retaining some profits for the business. Very few people are endeavoring to be the most outstanding businessmen.

Friday, July 31, 2009

Employee search: common oversights

If you are thinking of looking for employees for your organization, then you must look for performers. Research is now showing that the best performers are not necessarily the people with the best academic qualifications. Most business managers go for the people with certificates but lack the necessary skills to keep your business running. This means that you must seek for skills and willingness to learn in every person that you will recruit for your business.

It is almost impossible for newly recruited employees to immediately perform well, regardless of how much experience they may have. This is why every organization has orientation programs for such employees. Remember that such kinds of orientations are full trainings on duties and the organization’s culture with the intention of equipping the staff.

In your search for an employee, you therefore need to identify potential and in born ability. Many organizations stress on work experience which to me is not important. I want you to know that every employee will follow the laid down structures in your business. Even the best managers will not be successful if you have bad structures and working environments.

On the other hand, interviews are a great way to identify potential but sometimes are not used effectively. I have heard of interviewing panels which frustrates its candidates. One is left wondering whether the panel is looking for an employee or are out to frustrate others. By this they compromise their sole objective of looking for a suitable candidate. Also have in mind that they are people who may not be able to fully express themselves in front of a panel but may have great potential, so be on the look for such.