Performance Management and its Benefit

August 30th, 2009

Performance management is the process of creating a work environment or setting in which people are enabled to perform to the best of their abilities. Performance management is a whole work system that begins when a job is defined as needed. It ends when an employee leaves your organization.

The goal of performance is to achieve the company mission and vision. Almost no one performs, for the organization, however, if his or her own mission and vision are not accomplished as well.An effective performance management system sets new employees up to succeed, so they can help your organization succeed.

An effective performance management system provides enough guidance so people understand what is expected of them. It provides enough flexibility and wiggle room so that individual creativity and strengths are nurtured. It provides enough control so that people understand what the organization is trying to accomplish.

The following must occur for a working performance management system.

* Develop clear job descriptions:-Job descriptions are the first step in selecting the right person for the job, and setting that person up to succeed.

* Select appropriate people with an appropriate selection process :-Selection is the process of matching the skills and interests of a person to the requirements of a job.

* Negotiate requirements and accomplishment-based performance standards, outcomes, and measures.

* Provide effective orientation, education, and training :-Before a person can do the best job, he or she must have the information necessary to perform. This includes job-related, position-related, and company-related information; an excellent understanding of product and process use and requirements; and complete knowledge about customer needs and requirements.

* Provide on-going coaching and feedback:-Feedback is a two-way process that encourages the employee to seek help. Feedback is usually more effective when requested. Create a work environment in which people feel comfortable asking, “How do you think I’m doing?”

* Conduct quarterly performance development discussions

* Design effective compensation and recognition systems that reward people for their contributions.

* Provide promotional/career development opportunities for staff.

* Assist with exit interviews to understand WHY valued employees leave the organization:- When a valued person leaves the company, it is necessary to understand why the person is leaving. This feedback will help the company improve its work environment for people. An improved work environment for people results in the retention of valued staff.

Sometimes Resumes Don’t Work…

July 4th, 2009

Job seekers spend more time fretting over their resumes than any other process during a job search. This is because most believe that the resume serves as a magic bullet. But no matter how great you sound on paper, the reality is that a resume can get you only so far in the job search, even if it is well written.

The job search is made up of several key components including your outlook, job search activities, and interview performance. Each component builds on the next and if you lack strength in one area, your search will be handicapped. Below are reasons, why your job search may be in jeopardy?, and the solutions you can incorporate to increase the chances so that your job search will be successful.
Don’t Have an Unenthusiastic Outlook

* When you are quick to dismiss someone’s advice by making statements such as, “That doesn’t work. I tried it.”

Solution: Keep an open mind when someone is offering you guidance, even if you have heard the advice before. Sometimes it takes a few times for a message to penetrate.

* After an interview you find yourself making comments such as, “The moment the interviewer saw me, I could tell he wanted someone younger.”

Solution: No jobseeker is the perfect candidate. Some are too old, others are too young; some don’t have much experience while others have too much.

* You send out emails that read, “I sent a resume early last week and followed up, and you never returned my phone call. Are you ignoring me?”

Solution: When you feel overwhelmed, frustrated or just plain angry, take a walk and clear your head before you send an offensive email.

* You aren’t taking personal responsibility for your own job search, instead blaming external factors for your lack of progress.

Solution: There are some aspects of your job you can’t control, but the ones that you can (e.g. the number of calls made per day, networking events attended), take seriously.

Take the Passive Approach

* You haven’t developed a job search plan and are flying by the seat of your pants.

Solution: Don’t wing it. Take the time to map out a strategy and write it down. Don’t rely on your memory. There is something about writing down thoughts that makes you more accountable.

* You’re going it alone without the guidance of an interview coach and/or career coach.

Solution: Partner with someone who will provide objective and constructive feedback. In doing so, you will be able to identify areas of strength and those that need improvement.

* You adopt the if-they-are-interested-they-will-call-me approach and never follow up.

Solution: Take the initiative to call employers to inquire about the status of your application.

Your Interview Skills Could Use Some Work

* You are always second best.

Solution: Call past interviewers and ask them why you didn’t receive an offer. When you make it that far in the process, interviewers are more likely to disclose the reason you weren’t selected.

* You walk out of an interview saying, “Darn it! Why did I say that?” or “I wish I had mentioned my experience in ________.”

Solution: After each interview, jot down everything you said that didn’t work, and how you would rephrase it for the next interview. Then, when you get home or back to the office, write a thank-you note to the interviewer(s) that mentions the lacking information or carefully revisits what you wish you hadn’t said.

* Every time you leave an interview you believe your performance was strong, but you never receive a job offer.

Solution: Work with a Certified Interview Coach or a professional who specializes in interview training who will be able to assist you in discovering and correcting the problem.

Out Sourcing benefits & burdens

July 4th, 2009

The trend to outsource the activities is on the upswing. The ability to hire someone to take care or all of the time –consuming but essential tasks makes outsourcing an attractive option. The benefits of outsourcing non-core activities leads to world class delivery processes and services. To say in short is lower costs, improve operational efficiencies, reduce hardware and staffing requirements, mitigate risk and focus on core competencies are a few where the idea of outsourcing is gaining popularity. The momentum is greatly fueled by the latest trend of difficult market of financial services.

The main benefits are there is decreased capital outlay for hardware investment, improved implementation time for new functionality, transfer of technology to the new vendor, decreases the risk associated with owning and managing the old technology.

In general Outsourcing can have transformational effect on your organization.

There are many factors for outsourcing that are advantages the first thing is prompt delivery at low cost of time with the winning combination of speed. The other advantage is the ability to handle large volumes of data without compromise in the quality of the data. The most significant advantage is the space utilization, especially with the places that have a high real estate value. Outsourcing the work enables the company to concentrate on their core businesses which is smarter use of the real estate. It also reduces the pressure on the existing support staff improve the business performance. The other benefits are quality of the services and the cost and there is assurance of confidentiality.

The advantages for outsourcing are helping the customers lower the cost, increase the productivity and focus on more strategic activities. To maintain high standards of quality the out sourcing is done. Another significant advantage of outsourcing lies in space utilization, especially with places that have a high real estate value.

The advantages of outsourcing are

* Lower personnel costs.
* Gain economics of scale.
* Can focus on core of the competencies.
* Increases speed of the delivery for outsourced activities.
* Increases the quality of delivery for outsourced activities.
* Can reduce the cash flow.

The biggest risks with outsourcing are the cost reduction expectation, where the internal organization expectations in savings. The organization that outsources any kind of work has the question of whether the vendors have the sufficient robust security and protection requirements.

Dream-Job Interview

July 4th, 2009

As you prepare for your next dream-job interview, consider these five tips.

* Do your homework. Thoroughly research the company and the job position before you arrive, and prepare questions that focus on what you will bring to the position. Know about the company’s competitive issues, recent financial results and even how and when the company was founded if you want to make a lasting impression as a detail-oriented candidate.
* Talk about what you’ve accomplished. Focus on the results you were responsible for and interviewers will pay attention. If you talk only about things you did, you’re not showing a bottom-line contribution to the organization.
* Answer questions with examples. Show how your skills and accomplishments meet the requirements of the company and the job. If you can show a direct correlation between your skills and the company’s needs, you’ll be a step ahead of the competition.
* Be prepared for tough questions. You know interviewers will ask about your weaknesses, your worst boss, your salary expectations and other potentially touchy items. Rehearse answers to these items until they sound perfectly natural and focus clearly on your benefit to the company. Above all, be truthful. If you’re really not that great at public speaking, say so. But be sure you can turn that negative into a positive by showing how you’ve taken steps to combat that weakness.
* Ask smart questions. Although it might be tempting to say you have no questions at the end of an interview, you’ll show more knowledge and interest in the company if you can ask at least a few questions when given the opportunity. For example, ask about the organization’s strategic business plan, its vision or its recent profitability numbers.

Don’t be afraid to ask a friend or family member to practice interviewing with you, either. Selling yourself might not be easy the first time you try it, but with practice you can become skilled at it.

About Coalesce

May 29th, 2009

Welcome to Coalesce Corporation!!

Coalesce Corporation is a global business to business service provider for the small and medium companies with superior quality for both private and public sector clients.

The company provides a wide range of B2B services with our specialized employee base and quality infrastructure. Our services includes:

* Accounting and Financial Services
* Professional Staffing
* Consulting
* Information Technology Services
* Marketing Services