Month: January 2018

Reason Communication is Important

Why Is Communication Necessary in a Business?

Effective business communication is necessary within an organization because it helps to bridge the gap between senior management and their subordinates at various hierarchical levels. Hence, it is necessary for companies to have a systematic communication system within the company. Here are some ways that highlight the importance of effective interaction in a business.

Helps to Know your Audience

The communication skills within a company are useful in the interaction between employees. By interacting with each other and their senior management through proper channels, employees can be aware of their role. Information is collected by interacting and communicating within a business. This information is vital for smooth functioning of the firm. Having the right skills helps to develop understanding between employees and the senior management.

Establishing Channels

Choosing the right communication channel is the most important aspect of interaction. Different channels are used for sharing information with employees and senior management. Experts believe that having proper inter-organizational communication channels makes it easier for employees to communicate and exchange information. Detailed and significant information must be communicated through written forms like emails or memos. Calling meetings and delivering brief information verbally is effective. An email is a suitable tool for communication but highly sensitive information is best to be shared on a more secure channel.

Communication is intended to be both sided. Don’t just talk because you are the leader without listening to anyone else. Encourage them to open up so you can be well guided when communicating in the future with them. You have two ears and one mouth so you must listen more than you speak.

Short but Effective Messages

Using a suitable language for communication within a firm is a necessary skill for effective communication. Business communication must be short, precise and to the point. Avoid unnecessary details while communicating through written messages. A good communication message must be:

· Direct

· Easy to remember

· To the point

· Honest

Effective communication helps the employees realize their importance as stakeholders in a business. Hence having effective communication skills absorb and share ideas in writing or verbally.

Excellent Interpersonal Communication Skills

Employers place special emphasis on the communication skills of employees, they prefer employees with soft skills and effective communication. For example, sales representatives must have communication skills to convince the customers about the sale. Communication skills could be the difference between a successful sale and a missed opportunity. This is the reason why communication skills are in high demand by several employers.

Invest in Training

It’s important to remember that employees who lack soft skills won’t develop them overnight. A strong training program is essential to empowering and guiding employees. Prioritize communications training, and encourage employees to get plenty of hands-on practice with the skills that they learn.

Remember that nothing is more important than asking firm or company leaders to model strong communication skills. Of course, it’s also important to focus on soft skills during the hiring process. Letting employees know what’s expected in terms of communication skills sets the stage for a positive work environment.

Apart from oral communication, employees must have useful skills for written communication. Some of the highly effective employees have the ability to communicate a compelling sales report together with writing complex intricate business plans. Every employer today prefers an employee with effective skills needed for interaction.

Be Ready For Career Change

As you go through your life, you’ll be growing and the career you chose as a younger version of yourself may not be the best fit for you now. It’s important to be self-reflective and check in with yourself from time to time, especially if you notice yourself being bored or unhappy. No one deserves to spend their days doing something that is unfulfilling.

Here are some signs you need a change:

1. Energy depletion or boredom.

Any job may have moments of boredom. But if you constantly feel apathetic and feel an energy drain at the end of each day, something’s wrong. Do you dread Monday morning starting on Sunday afternoon? Does getting up each day require dragging yourself up and out the door through sheer willpower? Do you hate talking about your work?

Explore what it is that’s causing the energy depletion. Is it the actual job itself, the commute, your co-workers or the management style? Is there something you could tweak, like switching to a different position within the same company, or moving closer? Can you arrange to work from home a few days a week?

Then explore what things add to your energy in your life, whether at work or at home. What do you love doing? What things make you lose track of time? What are your interests? What would you like to learn or spend more time with? Do you long for more connection with nature? Do you want to add more creativity to your work and life?

If it’s the job itself that is at the center of your energy drain, it’s a clear signal its time to make a change in your career.

2. Loss of Passion and Purpose.

Feeling your work has meaning and is personally fulfilling is essential. If you are no longer excited about your work, you won’t be happy and your happiness is a key factor in your ability to perform at your best and advance in your career. Many people make the mistake of going for a job opportunity that offers a bigger paycheck. Sure, we all need money to survive. But going for a job only for the payout can backfire. Financial rewards are not enough when the work isn’t fulfilling and you aren’t happy in it. In the long run, people who are happy and have careers that ignite a feeling of passion and purpose actually can make more money than those in unfulfilling careers. Don’t feel like you have to stay stuck in a job you hate just for the paycheck.

3. Your talent isn’t valued.

If your employer doesn’t value your talent, it’s hard to stay enthusiastic and motivated about your work. If you aren’t being valued, your advancement won’t be supported and your work environment may not be the best fit for you.

4. Your values and the company’s values are not in alignment.

You need to be clear on your top values and stay true to them. Are the company’s values in alignment with yours? If not, that creates a huge stressor. You may want to do the same job, but with a different company whose values and management style are a match for you.

5. Your body will communicate to you.

Do you experience chronic illness, migraines, or other stress related illnesses? Do you have trouble concentrating? In my own experience, I had a job I had once loved switch management and become very stressful. I was sick much of the time and finally landed in the hospital with a stress related illness. Pay attention to the messages your body is sending to you-before you end up in the hospital!

6. You feel chronically stressed and complain about work all the time.

Just about everyone complains about a bad day here and there. But do you feel negative and hopeless just thinking about work? Do you constantly complain to your friends about your job? Have you turned into a bitter person you don’t recognize? I know I did! That was my wake up call. If you see yourself turning into Negative Nelly (or Ned) that’s a clear sign you need to find a career that makes you feel happy, purposeful and alive.

You do have a purpose and what you most love to do will be a key factor in discovering what that is. Start now to reflect on your passions, talents and skills. Don’t censor your exploration. You may be surprised by how your passions can translate into a career. Getting help with this process is a great way to focus it, make sure it happens and feel supported though it.

Challenges For Milenials Nowadays

20 years ago if you wanted to book a vacation, withdraw money from your bank account, or get the latest movie you needed to talk to an employee.

Nowadays, you need only reach for your cellphone and entire professions such as travel agents, cashiers, and video store clerks have gone the way of the Dodo bird.

And it’s only the beginning.

Artificial Intelligence (AI) has the potential to either create or destroy millions of jobs in the next 20 years according to many of today’s top futurists.

In this article, we’ll look at what the impact of AI is going to be for millennials as they join, and attempt to climb the ladder within the workforce.

The Computers Are Going To Steal Our Jobs!

The truth is, that no one knows yet how AI will affect the job market going forward.

There are two schools of thought on the role AI will play for millennials in the job market.

First, there is a loud and extremely vocal fear of technology making jobs obsolete, just as there is a similar fear of those jobs being taken by immigrants to the United States.

A Gallup study predicts that 37{d1819e9ebc746498611b79e7364112cb2c8b79c08252667d5fe6acf022a60a24} of millennials will have their job be replaced by artificial intelligence and a similar report by Mckinsey says that up to 50{d1819e9ebc746498611b79e7364112cb2c8b79c08252667d5fe6acf022a60a24} of jobs could be replaced, these are still just predictions.

What isn’t a prediction is that millennials, especially those just entering the workforce now or in the next few years during which the bugs are being worked out in the application of AI are going to be more susceptible to being replaced than older more senior staff.

In short, the more working years ahead of you; the greater the risk of redundancy,

On the other hand Millenials and others remain optimistic about AI creating new jobs according to this study by The World Economic Forum over 78{d1819e9ebc746498611b79e7364112cb2c8b79c08252667d5fe6acf022a60a24} of millennials believe AI will create jobs with some reports predicting up to 500,000 new jobs being created by AI in the next 10 years alone.

What jobs are most at risk for being replaced by AI?

While widespread adoption of AI and Cognitive Automation have not yet reached widespread adoption, there are certain low level tasks that are prime candidates to be replaced by robotic process automation such as repetitive financial and accounting services like bookkeeping, and loan servicing all of which will be replaced by RPA services within the early stages of AI adoption.

What jobs are least at risk?

The jobs that are least at risk are those which computers will never be able to do completely such as critical thinking skills and human interaction.

The jobs least likely to be replaced by artificial intelligence are things like data scientists, nurses, lawyers and customer service.

The entire workforce is changing.

Gone are the days of spending 30 years of your life with one company, rising through the ranks of internal promotion and retiring with a gold pocket watch and a pension.

Millennials entering the job market are dealing with a variety of challenges from the emergence of the gig economy to companies taking advantage of degree arbitrage to underpay overqualified candidates.

It has NEVER been harder to get or keep a job.

And it’s not going to get any easier anytime soon.

No one yet knows what the final impact of AI will be on millenials careers, but there is evidence on both sides. Some studies suggest that up to 50{d1819e9ebc746498611b79e7364112cb2c8b79c08252667d5fe6acf022a60a24} of the work currently being done by humans can and will be given to the machines. Other studies and anecdotes from companies where AI is being implemented already suggest that AI will create more jobs.

Either way Millenials are the ones most at risk because they have the greatest number of working years ahead of them and are more likely to be applying for low level positions which are more likely to be automated.

If you’re a millennial looking at a career in accounting or mortgage brokering you may want to reconsider as those tasks are high up on the list of tasks that can be done by robotic process automation or RPA.

Key For Success At Work

Knowledge management is a management philosophy that unites the procedures for the organization’s core business. It acts as the support for the rational utilization of existing knowledge in the organization aimed for the creation of new knowledge.

This knowledge is used efficiently to realize the organizational vision and business goals of the company to create value and efficiency to increase capital. In the age of knowledge, managers experience new and unfamiliar experiences throughout their career. They experience the need to manage people, it is an ideal resource for a Human Resource manager and the skill they need to learn and use.

Knowledge management is the systematic management of an organization’s knowledge assets for the purpose of creating value and meeting tactical & strategic requirements; it consists of the initiatives, processes, strategies, and systems that sustain and enhance the storage, assessment, sharing, refinement, and creation of knowledge.

It implies a strong tie to organizational goals and strategy, and it involves the management of knowledge that is useful for some purpose and which creates value for the organization.

On the other hand, employees experience something new every time during their career. They learn important knowledge by interacting with their colleagues and mentors. Employee, over time, learn to clear away their differences to work together as a team.

Knowledge and Cultures:

This expression of ‘knowledge management’ is not particularly successful, especially because it is difficult to connect ‘management’ with ‘knowledge’. However, when it became clear to organizations and technology infrastructure providers that the essence of knowledge management is the integration of culture, processes, and infrastructures. Once all these elements are combined, it becomes evident that this is a process rather than a one-time ad hoc activity. Major IT companies consider data management as knowledge management.

Knowledge in the organization is an asset that supports the organization’s efforts to lead them in their field of business. Knowledge management plays an important role in sharing information within the company effectively. Through an effective knowledge sharing system, employees are able to share different information with each other.

It is important for companies to have a solution for their particular problems, speeding up troubleshooting for different organizational issues is possible when the company has a culture of knowledge gathering and sharing. This is why companies, today, are focused on innovative technologies that promote knowledge sharing across the organization. Knowledge management will help the company to:

• Solve different problems that must be resolved when they occur
• Have a precise information collection system and communication must be done using proper communication channels
• The decision-making process is enhanced
• Embrace the process of knowledge creation
• All the collected knowledge must be shared
• Integrated solutions must be provided for different issues
• Knowledge management helps teams perform better and in a more elaborate and effective manner
• The culture of the organization is focused on continuous improvement