• Breaking News

    Monday, February 26, 2018

    Home Unlabelled Business I mandated a 35 hour workweek at my company and it improved productivity

    Business I mandated a 35 hour workweek at my company and it improved productivity

    February 26, 2018

    Business I mandated a 35 hour workweek at my company and it improved productivity

    I mandated a 35 hour workweek at my company and it improved productivity

    Posted: 25 Feb 2018 01:04 PM PST

    Lab-grown meat: It’s about to be what’s for dinner

    Posted: 25 Feb 2018 05:30 AM PST

    China's Geely buys stake in Mercedes-Benz owner Daimler

    Posted: 25 Feb 2018 10:48 PM PST

    Large customer missing payment terms

    Posted: 25 Feb 2018 02:51 PM PST

    I own a food manufacturing company. One of my larger customers was recently acquired and the new owners have gone from our Net 30 terms up to Net 62 days, or 32 days past due. I got fed up with asking my Customer Service team to email them weekly. I called the owner and he said they'd work on it. Four weeks later I sent out a signed memorandum outlining our payment terms and that should the account exceed Net 45 days we will delay production of any open orders. The customer sent me an email saying he'd call me to "discuss." What is there he could possibly have to "discuss?"

    Simply put, they're a large account for us but we also need to pay our bills! What follow up advice might you more experienced business owners have for me in this likely common scenario? I feel like I need more ammo than just "our terms are Net 30 and we need to enforce such terms for cash flow."

    submitted by /u/rsteve06
    [link] [comments]

    7 Signs an Employee should be fired

    Posted: 26 Feb 2018 01:19 AM PST

    We can all spot terrible employees: they under-perform, they don't work well with teams, they struggle to meet expectations... but oddly enough, it isn't the obviously terrible employees who cause the real problems. It's awful to fire people. It's the most difficult thing most managers will ever have to do. Because it's so hard knowing that you're going to be affecting someone's life in such a profound way. One of your duties as a manager or business owner is not to just handle tough employees, but also to let them go when justified. While handing a pink slip to an employee is never a pleasant task, it's a necessity if you want to have a thriving business. Here are 7 signs why an employee should be fired.

    1. Stirs the pot: This individual can do some serious damage to your workplace if left unattended, and we think you know what type of person we're talking about. They spread rumours, pit colleagues against each other and incite mutiny by undermining management or bad-mouthing a supervisor. If you have an employee who won't embrace company initiatives, quibbles about project requirements and gets a kick out of causing trouble, then it's probably time for you to part ways.

    2. Arguments: Argumentative employees usually take two forms: those employees who feel strongly about their positions and those who have grown weary of their environment and wish to argue for the simple act of releasing aggression. If the former, congratulations, you have a passionate employee! If the latter, you have someone on your team who has reached the point where a blowup is imminent. When the latter begins frequently arguing with you, other management, fellow employees, or clients, it's a very good sign that it's time for that employee to go. If you're kindhearted, you could (and probably should) bring the employee in for a conference to see if any issues can be resolved. Otherwise, it's "Hit the road."

    3. Productivity decline: Production loss can come for many reasons. Sometimes staff can become overloaded with work or be placed on a project they have no business on because they lack the skill set. Other times, a drop in production can come for no apparent reason. It's when this type of slowdown occurs that attention must be paid to the culprit. If the employee in question seems to be spending more time with his eyes in places other than their work, or their work requires several revisions, they're constantly asking co-workers for assistance, or their taking-up too much of your time, then it's time to bring that employee in for a chat. When that happens, the employee will either deny your claims or make excuses for his (in)action.

    4. Hurry to grab the credit: OK, maybe he did do nearly all the work. Maybe he did overcome almost every obstacle. Maybe, without him, that high-performance team would have been anything but.

    But probably not. Nothing important is ever accomplished alone, even if some people love to act like it.

    A good employee and good team player shares the glory. A good employee credits others and lets others shine. That's especially true for an employee in a leadership position -- he celebrates the accomplishments of others secure in the knowledge that their success reflects well on him, too.

    Saying "I did all the work" or "It was all my idea" is like saying "The world revolves around me, and I need everyone to know it." And even if other people don't adopt the same philosophy, they resent having to fight for recognition that is rightfully theirs.

    5. Can't handle change: Change is inevitable, especially in a fast-moving company. Employees need to be comfortable with change and eager to improve company's abilities. They need to keep our skills growing at pace with the company.

    This can actually be tough when you have a hard-working employee who is responsible and fits the culture of your company. Unfortunately, if they can no longer perform at a high level because the pace is too fast for them, then, unfortunately, it's time to move-on to someday who can.

    6. That's not my job: The smaller the company, the more important it is that employees think on their feet, adapt quickly to shifting priorities and do whatever it takes, regardless of role or position, to get things done.

    Even if that means a manager has to help load a truck or a machinist needs to clean up a solvent spill, or the accounting staff needs to hit the shop floor to help complete a rush order, or a CEO needs to man a customer service line during a product crisis.

    Any task an employee is asked to do - as long as it isn't unethical, immoral, or illegal -- is a task that employee should be willing to do, even if it's "below" his or her current position. Great employees notice problems and jump in without being asked.

    Saying "It's not my job," says "I care only about me." That attitude destroys overall performance because it quickly turns what might have been a cohesive team into a dysfunctional group of individuals.

    7. They're not trying to improve: Let's say that you have an employee who is tardy or afraid of public speaking. Instead of making an effort to arrive at the workplace earlier or start taking public speaking classes, the employee doesn't make any sort of effort to rectify their mistakes or better themselves then it's probably in your best interest to give the employee the axe.

    submitted by /u/UpToDateBooks
    [link] [comments]

    Would Blockchain Become the Future of World Commodity Trade?

    Posted: 25 Feb 2018 10:00 PM PST

    Sanofi appoints media agency

    Posted: 25 Feb 2018 09:49 PM PST

    Emotions In Business to Dominate Your Products in People’s Mind

    Posted: 25 Feb 2018 09:22 PM PST

    How important is an MBA? Are MOOC worth it?

    Posted: 25 Feb 2018 08:32 PM PST

    I have been promoted to executives vp. I was an engineer and it has been quite a change, but I have enjoyed it. Since I'm getting experience is an MBA even worth it?

    Next question, would massive online open courses (MOOC) be worth my time. You don't get a degree but you do learn and they are typically classes from prestigious universities. These are typically free!

    I'm asking in case I move, pursue a new job, or something happens with this job.

    submitted by /u/iEnjinere
    [link] [comments]

    Philip Green asked HSBC to help find Arcadia buyer leak claims

    Posted: 25 Feb 2018 08:24 PM PST

    3 Surprising Outcomes Of Higher Oil Prices

    Posted: 25 Feb 2018 07:08 PM PST

    Front and Back end margin? explain?

    Posted: 25 Feb 2018 06:48 PM PST

    I don't know if this is the right subreddit to ask but I would like to know the difference in frontend and backend margin in retail business.. I can't seem to find anything about frontend in google. thanks for anyone who could explain it to me.

    submitted by /u/madnecrofury
    [link] [comments]

    Dropbox files for IPO of up to $500 million

    Posted: 25 Feb 2018 07:24 AM PST

    setting up a camera system security set up?

    Posted: 25 Feb 2018 04:30 PM PST

    We want to set up a camera system in our business, probably 4 camera, external. But that is all I know about them. Thoughts feedback ideas?

    submitted by /u/danielbelum
    [link] [comments]

    Warren buffets annual letter to shareholders- 10 investment mantras.

    Posted: 25 Feb 2018 10:15 AM PST

    What happened after the US moved to chip-embedded payment cards?

    Posted: 25 Feb 2018 07:25 AM PST

    MWC 2018: samsung unveils Galaxy S9 and S9 Plus

    Posted: 25 Feb 2018 02:49 PM PST

    The New Economics of TV's Reboot Craze

    Posted: 25 Feb 2018 08:15 AM PST

    Microsoft fights US in high court to protect global business

    Posted: 25 Feb 2018 08:48 AM PST

    Major firms learning to adapt in fight against start-ups: IBM

    Posted: 25 Feb 2018 05:31 AM PST

    How to Start an AI Startup

    Posted: 25 Feb 2018 05:16 AM PST
    Read more
    at

    No comments:

    Post a Comment