The coronavirus pandemic has upended the daily lives of people around the world, the economic impact of the virus has led to social isolation, unstable financial markets, product, and services shortages in some sections while others are no longer deemed essential.
In the early months of the pandemic, many companies and clients focused on later returning to the normal way of life. Majority are now contemplating a much different type of future in which remote working is normal, and ensuring proper engagement of customers digitally is a top priority. …
Bucks, dough or moolah whatever you call it, money is important in all stages of your life but for most students, it is hard to come by and more importantly, hold onto.
Saving helps remove the scarcity mentality. Most people do not save because they think they do not have enough money. Therefore, they are consistently in the frame of mind of “there is not enough money to save”. …
Entrepreneurship can impact the economy of a country in diverse ways. It is through entrepreneurship that important innovations enter the market leading to new products or production process which eventually increases efficiency through bringing competition in the market.
Various factors have deterred emerging entrepreneurs from successfully starting their own business. Among the numerous factors cited by some failed startups include, high and multiple taxes, lack of funding, electricity and security.
How does entrepreneurship stimulate the economy?
Investment — Then entrepreneur has to invest in what is required for the economy. Economic progress will much depend upon his or her contributions…
The coronavirus pandemic may be stressful for several people. Anxiety and fear about the disease and what could happen can be overwhelming and cause strong emotions in adults and children. Coping with the stress healthily will make you, the people you care about, and your community stronger.
Try these tips to re-balance yourself or keep your balance:
Take care of your body.
Get enough sleep.
Sleep plays a big part in mental health, sleep problems may cause or add to mental health problems. Some medications for mental illnesses may also affect sleep patterns for a few people. …
How Compensation is Determined.
Companies base compensation on numerous factors. Some companies pay more attention to these factors than others do.
· Market research about the worth of similar jobs in the marketplace: Numerous companies do formal salary surveys that can help companies determine the market rate of a job. In these salary surveys, companies report their current pay and benefits for jobs based on the job description.
· There are also online database websites for salary information, where data is collected nationally and internationally. Other companies look at the data available on the internet. The data is not as…
1. Practice and Prepare
Review the typical job interview questions employers ask and practice your answers. Strong answers are those that are specific but concise, drawing on concrete examples that highlight your skills and back up your resume. Your answers should also emphasize the skills that are most important to the employer and relevant to the position. Be sure to review the job listing, make a list of the requirements, and match them to your experience.
Note that even the most well-prepared response will fall short if it does not answer the exact question you are being asked. While it’s…
I’ll put it as simply as I can: There are an awful lot of unmotivated employees out there. With a recent national study showing that less than 1 in 4 non-management employees is fully engaged (aka, fully motivated and productive), there is, shall we say, ample room for improvement. And since an employee’s relationship with his or her direct manager is the single most important factor influencing engagement, the responsibility falls to management to improve motivational levels. Accordingly, here are 5 easy ways to motivate and demotivate employees.
1. Align individual economic interests with company performance — Okay, so this…
Stress is a physical or emotional reaction to potentially threatening aspects of the environment. It is brought by excessive demands being made on individuals or reasonable demands made on individuals ill equipped to cope with. In the majority of companies, employees experience stress at one time or another.
However, all people do not react in the same way in a stressful situation. Some may be overly worried while others are positively motivated to achieve more. Stress applies to pressures people feel in life and these pressures harm job performance. Stressed people are easily provoked to anger and find it difficult…
1. Dressing Inappropriately
When you interview for a job, it’s imperative to look professional and polished. Although your attire may vary based on the position you’re applying for — for example, you should wear business casual clothing to an interview for a non-professional job or startup casual garb to an interview at a small startup company — it’s important to look well-dressed and put together, no matter what the company.
2. Arriving Late
Everyone knows that first impressions are very important in landing a job, but did you know that you can make a bad first impression before you even…
Effective communication is a two-way process but there are a number of factors which may disrupt this process and affect the overall interpretation and understanding of what was communicated.
Below are some possible problem areas that may turn out to be barriers to effective communication:
The sender and receiver of a message may be of equal status within a hierarchy (e.g. managers in an organization) or they may be at different levels (e.g. manager/employee, lecturer/student, business owner/clients). This difference in status sometimes affects the effectiveness of the communication process.
b) Cultural Differences
Cultural differences, both within or outside…