At a time when it is more imperative than ever for businesses to attract and retain talent, the people with 50 and more years old are part of a market that offers candidates with skills and experience of great value.
Nowadays the difference between one company and another is the talent its employees bring together, and as any staff manager can tell you, competition for attracting and retaining that talent is growing.
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.
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.
When businesses reach key moments that will determine whether they succeed or fail, those who are going to intervene must have the necessary skills.
As Alexander Aguilar exemplifies in his article on Elfinancierocr.com, every company should have clearly identified from among its colleagues who will take the "penalty shot" in order to score a goal in decisive moments.
The world today is Volatility, Uncertainty, Complexity and Ambiguity: job security and long-term retention concepts are doomed to extinction.
EDITORIAL
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 increasing speed and ease of direct access to the information needed for decision-making, is drastically reducing the number of middle managers who used to be hired to provide them.
In companies of the last century when a sales manager needed information about last year's sales in order to take a relevant decision, he or she had to contact their assistant manager, who was responsible for collecting information and presenting it to the director. Nowadays, the direct and easy access to all information concerning day-to-day business allows the same director to touch a screen, get the information and make the decision, reducing costs and saving time.
Companies recognize how important managing a growing international and mobile workforce is for the future of their businesses, but they do not know how to do it.
Companies do not have an appropriate strategy to deal with the transformation that is happening the way of working in the world -from the convergence of five generations to operations spread across the planet- which will lead to a crisis in management, attraction and retention of talent, concludes the Workforce 2020 study, prepared by Oxford Economics and SAP.
There has been a rise in the number of firms reporting difficulties in recruiting qualified staff, especially technicians, engineers and sales managers.
In one year the number of companies who said they found it difficult to fill vacancies grew by 11%, according to figures from a survey carried out by the human resources firm Manpower, which states that "...
Businesses are now demanding that their executives be young people who have better technical training and know a second language.
It is becoming more common for companies to ask that those who aspire to a management or leadership position have a Master's degree. Another important factor when hiring is an age range of between 25-35 years and that they have experience.
Federico Carrillo, executive vice president and general manager of the International Bank of Costa Rica, has been dismissed by the Board.
Through a press release, the Bank reported that "the dismissal of Mr. Carrillo Zurcher is based on a loss of confidence by the Board, due to the failure to control some of Bicsa's financial operations, namely swaps" .
Feedback to employees should contain both praise and criticism.
In his discussion in an article in Martesfinanciero.com, Ernesto Bazan notes the importance of the art of the sandwich, when talking with employees about their performance evaluation.
Bazan highlights the sandwich technique as being "... a valuable management tool. Its effectiveness has been proven.
The economist Javier Cascante Elizondo has been appointed as Superintendent of Financial Institutions (SUGEF) of Costa Rica.
A statement of the National Financial Supervision System (CONASSIF) reads:
The National Council of the Financial Supervision System this morning appointed Mr. Javier Cascante Elizondo as Superintendent of Financial Institutions, a position he will occupy from October 16, 2012, for a term of 5 years.
Times have changed, and today it is unthinkable that a person will be employed by the same company for the whole of their lives, as happened in the past.
And if companies can not promise to keep a worker in office for life, it is obvious that workers can not promise a lifetime of loyalty to the company ...
An article in Americaeconomia.com looks at the changes that have occurred to the employer-employee relationship, from one fact: employee’s commitment to their companies is becoming increasingly more fragile.
A guide for choosing board members for small or family businesses so as to ensure good governance.
An article by Luz Maria Salamis in Prensa.com summarizes the teachings of Julie Garland McLellan, a consulting expert, for choosing better directors and so ensure the health and progress of the company:
-Identify board members who add value in order to grow the company as far as your expectations, and beyond.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...