With U.S. unemployment coming in at a healthy low of 4.10 percent last quarter, and better-than-average employment figures across the globe, job seekers have new choices. “Get a new job!” may be at the top of many resolution lists, but before you push “send” on that employment application, you might want to take a few things into consideration:
1. Finding a new job is not as simple as it appears
The number of people looking to ditch their current jobs and find other employment was estimated by some to be as high as 50 percent in 2017 (although our DecisionWise employee survey results show that figure to be less than 20 percent). Whether it’s 20 percent or 50 percent of the world’s population on the job prowl, competition may be steeper than one might think.
Now, further complicate this with the notion that millennials will make up 50 percent of the workforce in 2020. In the competition for the perfect job, there is a high degree of likelihood that your job-hunting competitor may be very similar to you when it comes to skills, experience or education. And, while you’re actively searching for that ideal job, you may not be giving your current role the attention it (and your employer) deserves.
2. You will be starting over
While the possibilities of that new job and compensation package may be enticing, that move may be financially taxing. Many companies have benefits policies that do not kick in for a period of time.
The paid time off and vacation time you’ve previously earned won’t transfer across companies. In many areas, you will be starting over.
3. Job switching is stressful
Workplace adjustments like changes to a different line of work, changes in work hours or location or new work responsibilities can significantly impact personal health. The Holmes and Rahe stress scale ranks a change in employment as one of the most significant when it comes to life’s stressors. When the average workweek for many of us is 45-55 hours, some of us spend as many as half our waking hours at the office. That’s a significant chunk of one’s life to disrupt.
4. You’ll be the newbie
Remember those new employees that you were asked to train – all of those questions and mistakes? Well, now that’s you! For the first three months of employment, you’re more of a liability than an asset, regardless of how valuable you think you are. Mastery takes time. Yet, mastery has repeatedly been shown as one of the key factors in job engagement. Institutional knowledge that comes through tenure is highly valued by most organisations.
Are you ready to spend a good part of 2018 as an apprentice again, acting as the learner rather than the expert? Many employees tie a sense of self-identity and worth to the expertise, title and necessity of their job. That change may have more of a psychological impact than you realise.
5. Relationships take time
A new job means a new team, new customers and a new boss or subordinates. Connection to others around you continues to show up as a primary factor in employee engagement, not to mention the ability to get things done. All that effort to build relationships in your current job won’t be transferred to your new role.
Additionally, trust typically must be earned over time, and that absence of trust may impede your short-term effectiveness. Relationships and trust take time to build. Remember, you will likely be starting over.
6. Growth often involves pain
When professional growth opportunities are absent in an organisation, you get stagnation, boredom and attrition. Those who remain in growth-impaired environments are operating on autopilot. They aren’t mentally present; their minds are not on their work. Errors happen and quality drops. Indifference sets in when work becomes routine. While a no-stress job seems ideal to some, challenges and growth are key components of employee engagement.
Growth most often occurs when we are stretched beyond our comfort zone. Yet, when some people run up against challenges, they take the easy way out by looking outside the organisation. Consequently, they never grow because the grass is always greener elsewhere. Which brings up the next point.
7. Maybe the problem is you
In 2017, employee engagement firm DecisionWise analysed more than 24 million employee survey responses gathered over three years. When it came to disengagement, the findings weren’t completely surprising: fully disengaged employees rarely turned the engagement corner. According to the study, if I’m disengaged in my current job, I’m likely to disengage in my future job.
Why are you thinking of making the switch? Is it the working conditions? Compensation? Bad boss? These are valid reasons. However, often it’s not just this job; it has become a pattern. What’s the common denominator here? Are most team members always doing less work than you do? Are all companies made up of tyrants? Will the people at your new job really value you more than those at your current job? Or, maybe… just possibly…is the problem, you? Look in the mirror. As they say, “wherever you go, there you are.”
Before you rush out to fulfill that job-change resolution in 2018, consider the above. Maybe that switch isn’t what you want after all.
This article was originally posted here on Entrepreneur.com.
Having The Time Of Your Life
How can you avoid a To-Do list that never gets ticked off by the end of the week? Or maximise the number of hours you work on critical projects, to achieve your career goals? And why is it important to take time out?
Being an entrepreneur is a constant balancing act between the demands of your business needs and your personal life. The key to a work/life balance that ensures you achieving your work and personal goals for the year ahead, is effective time management.
Time is our greatest resource and there are many ways in which to maximise your ability to manage this precious commodity. But how can you avoid a To-Do list that never gets ticked off by the end of the week? Or maximise the number of hours you work on critical projects, to achieve your career goals? And why is it important to take time out?
Unfortunately, time does equal money
In the modern workplace and in most businesses, time is synonymous with money. Whether you bill by the hour, or bake by the truckload, time is essential in running a successful career and business. Just think of how important time is in the service industry, and how time influences purchasing decisions. Think of all the drive-through fast food chains in a city – all there to save time. Because time is indeed money, it is critical to prioritise your time effectively. Keep in mind your most pressing deadlines, plan ahead and prioritise clients and customers effectively.
Me-time with a twist
Self-management impacts on your personal effectiveness and includes managing yourself and your time, being responsible for your achievements and being accountable for your results and successes. In business, if you prioritise a company’s time more efficiently, it can lead to improved customer service, improved delivery, increased profits, and increased market shares.
Imagine what it could do for you if you made the mind shift to prioritise your time and self-regulate your time daily?
Visualise that empty inbox
Start by removing thoughts of procrastination and imagine yourself as a “doer.” Think of the benefits of becoming a doer. What would our work life be like if we organised our tasks in order of importance, and not in order of enjoyment? What would it feel like to be thought of as someone who “got things done” and was “reliable?” How would we handle our paperwork? Imagine having an empty in-tray.
Critically, managing your time and self-regulating the hours, minutes and seconds in a work day will free up time for the people that matter in your life. Go watch that ballet recital or cricket game you never have time for. Have a coffee with a fellow entrepreneur and see how these small acts of rewarding you for time well spent, with energise you in your daily tasks.
Ditch the time wasters
A Time Waster is anything (or anyone) that doesn’t contribute to your daily goals or your To-Do List. Many of these time wasters have become a natural part of our work style. Now is the time to change – to reverse the process. It will take time and effort to get rid of time-wasting habits. Research shows that it takes approximately 21 days to change a habit.
For example, at first, we will have to make a conscious effort to keep our meetings on track. If things are dragging on, we need to stand up and indicate that the meeting is over (if you are running it), or to be excused (if your input is no longer required). This applies to all the time-wasting habits we have acquired.
It may be uncomfortable at first to tell a colleague that you are busy and unable to chat – but as you get used to being assertive and as they get accustomed to the fact that you are not always available – then it will become easier.
More tips to deal with time wasters
- Fix a time for paperwork and admin;
- Have clear daily objectives;
- Delegate work as needed;
- Group your telephone calls;
- Be assertive with unannounced visitors.
The Secret To Living A Balanced Life As A CEO? Pick A Strong Second In Command
The key is to find a partner who is strong in areas where you are weak.
Entrepreneurs are not known for having work-life balance. In my experience, trying to find balance as a start-up founder is like looking for a real-life unicorn. If you’re looking to create something that is disrupting an industry, the path isn’t going to be easy.
Building out a new idea practically guarantees imbalance. This is especially true in the early stages of a start-up. Prior to joining LegalZoom, I would work 100 hours a week. It was a fast-paced start-up world. I had to make certain sacrifices. For example, I chose not to have a family right away, because I knew I wouldn’t be able to be the present father I wanted to be. However, I was prepared to make those decisions. I believed in the work I was doing, and I knew it was going to take blood, sweat and tears.
So, what’s my advice to entrepreneurs on achieving balance? First, grow the company. Even in a company of 25 people, the burden of leadership generally falls on one person. It can take upwards of 100 people to really notice a shift in leadership. But, second, and most importantly, look for a co-partner that is just as strong as you are.
The one-two punch
Usually, when companies are founded, there is one individual who is celebrated. We forget there’s almost always another person behind the scenes helping to call the shots. Oftentimes, that person doesn’t want to share the spotlight. He or she is happy to have a non-public facing role and just want to get the work done.
We tend to talk about the visionaries, but there has to be a person in the company who helps turn that vision into reality. We all know Walt Disney, and maybe even the previous longtime CEO Michael Eisner, but what about Frank Wells? As the president and COO alongside Eisner, Wells helped lead the company through a 10-year period of unprecedented growth. Steve Jobs will forever be remembered as the visionary behind Apple, but Steve Wozniak provided the necessary engineering expertise to drive the company forward. Even today, many believe Elon Musk needs a strong second-in-command to help run Tesla.
I call this dynamic the “one-two punch” in leadership. As a CEO, you have to think critically about your second-in-command – whether it’s the COO, CTO or CFO.
We all want to be able to spend our time doing the things at which we excel. Excellence is what drives the company forward. At LegalZoom, I’ve been able to spend 80 percent of my working hours on tasks that leverage my strengths. The only way that I can do that is by having a partner who is strong in areas I may be weaker. In a strong one-two punch combination, both of us are spending 80 percent of our time on our strengths. The key is that those strengths don’t overlap.
How to find a great co-captain
The longer you wait to find your “two,” or if you make a mistake in selecting that person, you set yourself up for trouble. How do you find a second-in-command that can help you lead your company to success? It may seem obvious, but the first key is to understand where your weaknesses lie. It is essential that your co-leader make up for the skills that you lack, and vice versa.
It’s important to consider a person’s background as well, but don’t be afraid to look beyond the resume. I’ve judged candidates before based on raw talent and a gut feeling on their potential. Sometimes the best person for the role doesn’t necessarily have the strongest resume. Instead, he or she has a high level of motivation and a killer work ethic. These are the individuals that never hear “no.” They look for solutions rather than just identifying issues – and they are critical in the startup world.
Ultimately, while you bring different skill sets and career aspirations to the table, you and your co-partner must connect at a collegial level. At the end of the day, you have to appreciate what the other does. You have to share a common vision and mission.
Finding balance, after all
Any CEO with some semblance of balance in their life owes it to the small army of individuals behind them helping to make it happen. While you should prepare for imbalance early in your career and understand the sacrifices it takes to start a company, with the right “two,” you’ll have the support needed to succeed.
This article was originally posted here on Entrepreneur.com.
Travel At The Touch Of A Button
The revolutionary Travelit app has been developed for the global marketplace to meet your business travel needs.
Travelit has launched an easy-to-use mobile app that simplifies the trip approval process, provides a full trip itinerary and assists in management of travel expenses.
“The app is designed in South Africa, for the African and global marketplace,” says Wayne Muirhead Chief Sales Officer at Travelit. “We have developed the app locally with our own developers, and opted not to use a white labelling solution.”
The app interface enables the requirements of travellers, approvers, users, as well as finance and procurement role players to be met so each trip is seamlessly planned and executed.
Stress-free financial administration
“Expense management is an integral part of the complete travel cost; businesses want to understand their complete travel bill,” says Wayne. This is why the app incorporates features that facilitate:
- Capturing of photographs of receipts real-time
- Immediate allocation of expenses to the correct description
- Uploading expenses for workflow approval
- Attachment of an expense to a travel trip, or generating a non-travel related expense.
Simplified trip approval process
In addition, approvers’ features enable simple visibility into the trip’s cost and details:
- Approval of booking requests
- Trip confirmation once trip has been successfully approved
- Managing alerts — approval notifications, pre-trip notification as well as travel notifications
- Out of office activation for approvers.
Trip management made easy
With Travelit’s new app, travellers have the ability to update, create new profiles directly from their phones and update and store all their information, including:
- Updating of profile details
- Personal information
- Visas, passports, meal types, seating preferences
- Loyalty programmes.
As a traveller, when you are travelling, you require information, updates and access to your travel documentation in real time. The Trip Manager function provides you with this through the following functions:
- View current, pending and past trips
- Trip itinerary information
- View trips that are awaiting approval
- View supplier vouchers
- Locate properties via the Map option
- Boarding passes are available
- Real-time alerts to travellers.
Related: Save Up To 25% On Your Travel Costs
“We have done a soft launch with the app and offered it to strategic users and clients within our ecosystem,” says Wayne. These corporates have enjoyed the functions within the app, such as:
- Real time information for the traveller (itineraries, vouchers, boarding passes)
- Approval notifications and the approval capability
- Contact information for the consultants after-hours, and assistance
- Access to the traveller profile to ensure their data is updated and correct
- Check-in to the airline.
The Travelit app is available in the Google Play Store and iOS Store. Travelit will make monthly app releases by offering users ongoing functionality and features.
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