Ask and you shall receive. Or will you? Most employees today would be crazy if they will not agree that majority are not content and satisfied with what they are actually receiving from their respective companies today. No matter what benefits, bonuses, commissions and performance appraisal is given, this simply is not enough in most cases. The usual thing you will hear is that they negotiate either directly or indirectly with their superiors, sometimes creating bluffs as leaving the company if their demands are not met.
There are various ways to get the ideal salary scale or compensation package that people would consider as their ideal satisfaction in terms of exchange for the services they render and bring to a company. One is that of bluffing or looking for leverage by checking out the market for similar or better positions that can give in to their desired compensation package. Employees would bite the bullet and grab the offer once they find it, while sometimes; people use this so that they can have something to lean back on before going to their boss and blurting out their grievances. Negotiation for a better package does not immediately set in. There are various points of reference prior to final decision, and these include:
- Performance Evaluation
- Length of Service
- Field of Specialization
- Job Knowledge and Experience
- Significant Contributions and Accomplishments
There may be other varying factors but the five aforementioned points of reference will surely be among the immediate assessment for an employee. There is no question that before due process is given, the point of origin should be properly evaluated first and deliberated.
It takes so much to be able to demand from a company with regards to what it can give. Other factors from the internal point of view also have to be considered, such as:
- Corporate Performance and Stature
- Financial Position
- Organizational Composition and Growth
- Budget Allocations
Hence, prior to dreaming for an ideal personal satisfaction with the company, it endures a lot of considerations. It should not only come from the benefit of an employee, but also as to how and what a company can be able to satisfy these needs.
Useful Articles:
Posted in Business by Frank on July 21, 2006 at 3:43 am | Leave a reply
Giving an employee his due, opportunity and chance at assuming a position for a certain department has its own factors for consideration. The motivational aspect is evidently present with the fact that deserving employees are given the chance to prove their worth and at the duties and responsibilities that they have been going at for the length of his stay with the organization.
Aiming high and dreaming of enhancing their career is every employee’s dream. Being good at their profession, regardless if this is sales, personnel management, finance, or business development and research, each person will have their own specialization in the course of their career with a company. Each day that passes for a particular task in the organization counts as an experience for them, hence the only missing link is how to make the job interesting so that they can be motivated to improve their personal performance as each day passes.
The measurement of success is not limited towards the type of output a person can do. This is particularly true with sales. Money should not be the main reason for staying in a particular field. The interest and desire to excel should be present and become the driving factor for most people. The successful people of today are in these places, mainly because they love what they do and prioritize what they want to enhance. It is not solely about financial consideration, it is how to be the best in your field at any given opportunity. Hence, employees who aim to be top executives of their organization some day should implant this belief in their minds. The best way to get to the top is to show that they truly deserve to be on the top.
Useful Articles for Further Reading:
Delegating Work and Responsibility
Delegation as a Leadership Style: Tips of Effective Delegation
Posted in Business by Frank on July 19, 2006 at 11:54 pm | Leave a reply
Emotional stress stemming from anger and maintaining maximum tolerance is something that people will have a hard time coping up with, and anger management will certainly be put to the test. In most cases, the more experienced veteran managers would know how to handle anger management for this stressful act, knowing that they should not be drawn in this psychological war that most people would love to play. Managers are expected to exercise maximum tolerance, especially in dealing with erring employees who seem to not run out of excuses and complaints even if a company gives them so much.
Managers are always in the hot seat. They are caught in between the Executive Management and the Employees, hence the communication from one level to another needs to be properly sterilized in order to make both ends meet. Negotiations are part of this and the manager caught in between becomes the mediator or referee in the business organization most of the time.
For companies that have more than one manager, this can be likened to a jury in court where they shall deliberate and put their heads together to come up with the best solution possible for a win-win situation. This is the stressful part in anger management, for sure, especially the lone managers of today, something will give. Rationality and performing to reason becomes irrelevant at stages where emotions get the better of the people who are trying to crack heads together. The again, it comes with the job, and the extent of measuring anger management in organizations is one of the things to look out for, both for managers and the employees.
Posted in Business by Frank on July 19, 2006 at 12:10 am | Leave a reply
From experience, it is but common to get yaps and side comment from nearby co-employees who have nothing else to do. Employees exert more effort on criticizing people who accomplish something rather than minding their own work to reach their goals and improve performance. In the usual office setting, intrigues and back biting is only but natural and failure to be able to survive and handle these situation will not only lead to trouble but stooping down to their immature level. A pity sight, but the only loser will be the one who allows it to affect them.
Handling such situations requires a large deal of patience. The usual people are the ones who get bypassed for getting due credit or promotions for that matter, something that most employees would always look forward to. Personal ethics take a back seat for career advancement, and even the dirtiest manner of attaining them will not be spared.
In each of us, we know we are special and gifted for a particular field. We just don’t know the proper timing upon which to release and apply this, perhaps due to being scared of rejection. It should be made known that in most cases, the unique business strategies come from unorthodox ways of combining ideas. Funny as it may seem, but these are the market attractions and practices that gain attention which will eventually be followed by most organizations.
Further Reading:
10 Tips To Cope With Negative Emotions At Work
Posted in Business, Marketing by Frank on July 18, 2006 at 4:43 am | Leave a reply
All over the world, the cry is for bargain and low-priced goods in the market. Inflation has driven most people to be wiser in dealing with their spending sprees and this is one factor that marketing strategists will put under factors that may affect the product as a whole. For Chin Chin Black Gulaman, while it is a product that has no clear competitor, exposure has become the alternative purpose for providing discounts and special sales just to be able to penetrate the market and be made available anywhere. Product orientation of the said bottled black gulaman product is sorely missing, and many would say that this is due to lack of advertising and promotional practices that the company would undertake.
While it is true, budgetary constraints also have a hand in such. Cost allocation is severely absent, and this is without a doubt, dampens the marketing outlook of the company in so many ways. Finding alternative ways to be build the brand of Chin Chin is no easy task in such given situations and this is where business resourcefulness comes into play.
Exchange deals are the best way to avoid any monetary value going out of the corporate structure. Giving out samples or free cartons for a specified bulk order requirement is what Chin Chin employs in the marketing of the Chin Chin Black Gulaman. The goods may not be cash, but just the same, it is better than shelving out money. Hence, the price drops and special discounts given to new and old accounts of the company may be viewed as losses. But in the financial statements under the Income Statement, it can be seen in the operating expenses where this can be the balancing figure for the whole financial statements of Chin Chin.
Useful Articles for Reading:
Developing your Pricing Strategy
Posted in Business by Frank on July 16, 2006 at 10:44 pm | Leave a reply
Friends and readers, just wanted to share a feature made for me at the Blog Herald. My sincerest gratitude to Matt of Blogmedia for making this possible!
Just follow this link
How I Blog: Brian Yalung, MBA, Blogger
Posted in Business by Frank on July 16, 2006 at 6:32 am | Leave a reply
Reaching out for dreams as far as self-fulfilled careers is only but natural. The world is composed of individual who would want to be on the conservative side and the ones who are after glory and success. The latter of course includes risks, sometimes very high in nature that failure is unacceptable. I know because I myself am in the same boat and failures will truly be devastating and regrouping to set my career back on track will surely be not easy.
Reaching out for dreams as far as self-fulfilled careers is only but natural. The world is composed of individual who would want to be on the conservative side and the ones who are after glory and success. The latter of course includes risks, sometimes very high in nature that failure is unacceptable. I know because I myself am in the same boat and failures will truly be devastating and regrouping to set my career back on track will surely be not easy.
Garnering advanced education, like what I did at the Ateneo Graduate School of Business, does not promise a fat paycheck upfront. Experience and the methods applied for a better paying job that includes all the dreamt responsibilities and outputs put together will be hard in the early stages, especially for people who want immediate results. An MBA degree does not really mean that there are immediate greener pastures up ahead. The matter of time, something that is instrumental in any endeavor, will certainly play its part. All that is needed is patience. Who wouldn’t want to be the General Manager for a company someday?
For the people who are willing to gamble, putting aside their monetary issues at first hand, gaining experience prior to everything else is a step in the right direction. It is better to implement the things you have learned first before demanding fat paychecks for responsibilities that a person may not be able to handle. Such an experience would be embarrassing, and not to mention a total waste of time. Our moment of glory will come, but we should not find it, it will find us!
Futher Reading Articles:
A Typical MBA: Is there such a thing?
What makes a good MBA Candidate?
Posted in Business by Frank on July 15, 2006 at 8:45 am | Leave a reply
An organization is like a balancing scale. You simply have to make sure that everything is well-balanced so as not to favor one side. Revenue and expense is the best factors that can illustrate this. It is really more of a guide and a sign to which most organizations can make a full assessment of how a company really operates and measure its activities and determine the efficiency and effectiveness of the entire company.
Imagine touching the balancing scale, even for just a slight touch and you will see movement. This typifies that an organization all the way down to the liaison personnel play a vital role in the operations. One wrong move will toggle the whole organization and may even become the reason for an organization’s downfall. Tipping it on the other direction may symbolize further investments, additional cash flow, or increase in market demand for a product. These two factors are some of the more pinpointed factors, most of the time which allows a company to go toward a direction they are unaware of or intend to go to.
Balancing operations, marketing, sales, administration, and finance looks easier on paper than in actual practice. Joining heads together is no joke. It entails a lot of negotiation, brainstorming and deliberation for each key department to complement one another. The best person to handle and mediate such cases is the person who knows the work flow of each department. Probably that is why they call them General Managers, since they are expected to know and motivate people assigned to these areas.
Reference Articles:
Financial Factors
Creating a Profit and Loss Statement
Posted in Business by Frank on July 14, 2006 at 2:42 am | Leave a reply
Relocating in a new country where a person will need to adopt to a new set of rules, policies and procedures and not to mention cultural traits can be typified as something like starting all over again and trying to fit in. As in one of my previous articles which tackles the need and practices of most employees to be able to adapt to a new type of culture when they transfer towards a company, well, this may be a much more serious incurrence. Growing up in an old neighborhood where you have been used to, building your network of friends and having your relatives nearby as accustomed since birth are some of the harder things to give up in exchange for safety and career. But to be practical, some people may need to really relocate at times, the need being trimmed down to the word survival in today’s modern world of challenges and such.
The cost of living in most countries is simply not the same. Some envy the people who have relocated to other countries, particularly in greater parts of the United States of America and Canada. From afar, it is true that working in these countries will bring back outrageous figures. But staying in these areas, trying to survive and attend to your needs as well has its limitations. True while salaries by skyrocketing in other countries compared to that of third world countries as Vietnam and the Philippines, surviving there locally has a different standard of living.
To save and earn up for a decent future has evidently proven to be something more than just finding the right job at the right place. It also requires extreme sacrifice to save up for a health future. Dollars may have weighing rates that can be attractable to most people, but surely, if people earn at a good rate there and compared to the local exchange rates, well, it all boils down to the standards of the cost of living in these places. So perhaps next time, before educated people as us consider such relocation methods, maybe we should first picture the probabilities of living in such places above all. Figures attract us but the red tape behind them may need to be dissected closer to understand the whole scenario, both for business and personal needs assessment as well.
Article Resources:
Master the Art of Asking Questions
On The Move
Posted in Business by Frank on July 13, 2006 at 7:50 am | Leave a reply
One of the secrets to managing a business is thinking as a consumer. This becomes the ultimate success for any organization, especially for companies that want to answer the questions and needs of most consumers, not to mention understanding the needs of most consumers of today. Any business cannot simply rise without a purpose. Most of the purposes and the reasons for the corporate existence will usually be answered by a company’s Mission and Vision Statement. This is actually the best start for a company to undertake, especially for startup companies which want to portray a lasting and professional image that most target markets will surely look towards to.
Ideally, most companies of today find the need of initially devising an effective Mission and Vision statement, something that should not be limited towards management vision, but instilled in their rank and file employees. A unified approach will help provide its employees a better overview of their part in the entire process of business operations, which will eventually be strategically distributed to all their target market consumers and probable business partners to widen probabilities as far as business expansion is concerned.
Finding ways on how to expand probabilities and maybe find immediate fallbacks as far as business is concerned will always be one lookout that top executive management teams will consider. Concentration and focus on only one field of expertise may not be as effective all the time as most people think. While focus for a particular field of business may be needed, especially for startup companies, playing around with future possibilities will never hurt. Besides, it is of common belief that all businesses and entrepreneurs will always crave for larger business opportunities, and evaluate how such studies can be considered part of their future endeavors.
Useful Article Links for Further Reading:
Capably coping with consumer demand could be music to media executives’ ears by Chad Capellman
Stimulating Consumer Demand Through Meaningful Innovation
Posted in Business by Frank on July 12, 2006 at 6:33 am | Leave a reply
