When companies become addicted to meetings, it indicates poor management of working hours and decreases employee productivity by at least 30%.
If companies estimated the losses caused by a dozen employees, mostly senior ones, meeting four times a week they would think twice before giving in to "Meetingitis", the cultural tendency to schedule a meeting for every issue. The Mexican consultancy Expandiendo has estimated annual losses for a large business with these habits to be $42,000.
Self control of a leader's ego and being flexible when it comes to enrich ideas with contributions from his or her team can be critical for a company's future.
An employer can be as bright as they are stubborn. Like any good entrepreneur, you're so in love with your idea, and so happy with your project, that this can lead to resistance from hearing about alternative ways of doing things or that your original idea could be improved.
The world today is Volatility, Uncertainty, Complexity and Ambiguity: job security and long-term retention concepts are doomed to extinction.
Volatility, Uncertainty, Complexity and Ambiguity (VUCA) is a concept originally used by the military which defines "those situations where strategy, planning and decision-making take on extraordinary levels of difficulty, because the decision maker lacks minimum parameters required to guide their judgment. "
The difficulties faced by companies in hiring high-profile executives are driving growth in the recruitment market in the country.
With the advent of more multinational companies in the sectors of logistics, banking and insurance, there is growing demand for qualified personnel to fill positions of managers, vice presidents or directors.
In the last few years, there has been a pronounced change in the Costa Rican economy with more jobs going to bilingual people who are technically skilled or have a specialized profile.
The Costa Rican economy's globalized approach, accentuated in promoting exports and attracting foreign direct investment (FDI) has diversified and expanded demand for a workforce specializing in technology, industrial engineering, electricity, electromechanics, mechatronics and in administration certifications and English language as prerequisites for added value. Companies have also changed the weight they give to applicants, now giving 60% to knowledge and 40% to skills.
Although improvements have been noted, the region's human resources are still far from achieving the level necessary to sustain competitive economies at the global level.
The Human Capital Index, constructed by the World Economic Forum, provides a long-term focus on how nations are developing their human capital and establishing workforces prepared for the demands of the increasingly competitive global economy.
While the unemployment rate remains the lowest in Latin America, an even greater level of preparedness of the workforce is needed to achieve dynamic and sustainable growth.
According to an article in Capital.com.pa the rate of employment growth is no longer parallel to economic growth, noting that "According to official figures, between March 2012 and March 2013 there was a decrease in the labour force of nearly 7,000 jobs. "
Engineers in different specialties, sales representatives and administrative assistants, who are all fluent in English, are those most in demand.
The Talent Shortage Survey, conducted by ManpowerGroup Costa Rica among 620 employers, found that in the case of university courses "engineering (with their different emphases) is the only one that stands out in the list of jobs in demand this year ... ", reported Nacion.com.
In times of shortages of staff with good training levels and experience, economic incentives may be a good way to protect your company's human capital.
Job retention bonuses are incentives that companies provide to certain officials who are key to their operations.
Although retention bonuses of various kinds may be offered, limited only by the imagination of businessmen, typically four principle types are considered: the "referral" (for referring a friend), "sign on" (when signing the work contract ), "spot" (for specific achievements), and "retention" (for certain periods of time completed in the company).