Blog Life
It takes time to tango…….
Many people didn’t know that I’ve been following the share markets issues ever since I was in primary school. I used to give a hand to my father to do some filing works,data entry into his Lotus 123 worksheet (Fyi, it was a hot software before we use MS Excel now) and also clipping a newspaper or magazine about his favourite listed stock exchange company news or articles.Well, my father wasn’t a person who makes a huge bucks from selling shares at high price nor he never owns any BMW or Mercedes. Always in a situation where he could make a huge profits while he has no enough fund to buy several potential blue chips stock when its down to low price, he always fill up his satisfation of predicting the future by giving his friends some hints of what shares to buy. Eventually, his forecast is more than what weather reports can tell you about to happen if you were planning to take a picnic this evening. His forecast means you can have enough bucks to change your plan and take a trip to other places by paying a plane tickets.Yes, it’s true. Technical analysis is his favourite subject. 200 days moving average and japanese candlesticks are a few of his what in the earth is that which he often take into a subject of his discussion whenever he has a time to have a chat with me.Well, at least I knew something and at this age, I finally get what he means about it.
It’s been a 5 years now since he has subscript to Metastock, a software programme that compiles all data from as long as 10 years back of the company daily,monthly and yearly shares perfomance chart.Now I get the ideas why technical analysis can get so exciting – by distributing a single line from the graph peakand analyze the moving of it, you can determine when will the shares will goes in maximum before its going down in a few month like you wish you should’ve sell it earlier before the your share prices can fall almost 80 % of your buying prices.It’s all a risk management skills and some novice will have to get a remisier to consult them before moving with any decisions.Some people might think it’s nonesense – why do invest in shares after knowing all thsese ridiculous fact?.
Put it this way, a car driver has a same lesson taught in all over the world. Reds means stop,green means it’s a right to move on. All remisiers,stockholders,investment firms and any related people learns the same things and act upon it. The moving averages of the shares market perfomance graph is being watched by millions of people and when the red lights is flashing out after a few moment of alert, everyone will move to the same decisions.Other things that definitely take into consideration is rumours or newsflash about anything which consider positive or negative feedback from the current situation.To conclude it, the same colors of traffic lights and its basic rules were implemented everywhere and considered a global knowledge and thus, turns out to be a simultanoues reaction by any person at his different places at any time. In shares markets, the whole things is surprisingly, the same concept with the traffics lights lesson. 
Why you should read further? If you get what I mean, the drops of shares price of highly anticipated NYSE stock exchange like Microsoft,ExxonMobil,Citibank and etc, should gaves us the ideas of putting a few of our money for investment. Why? Just like the nature calls, everything’s down must go up. if it’s not in near or short moment to get back the profit, it must be rises and just like any oher investment, it takes time to tango.
To strenghten my points there, please surf to this link Daily Wealth. Maybe this is the right time to have some faith on this share markets since they were not many times like now happens and this is where the bg boys got to earn their big bucks by selling their shares and gaining profits 5th time more than doing conventional business or your employee fund contribution. How often wars can happen and the big boys got the big cash just trading the Kuwait dinar into foreign exchange. Hmnnn… it’s tax free. Better think about it I might get enough money to start a life with my wife to be… Stop, i need to find girl first…
Ridhzuan Harun
More job offer with less job seeker?
I was surfing internet and I’am looking about the human resources issues nowadays in regards to the current struggling U.S economy. The impact of US economies seems to give us a different perspective of looking into how crucial it is the high turnover of employees. But I like to share a very interesting articles from Mike Goldman – www.zeromillion.com – regarding a reducing of employees which comes about 10 Million employees alone in U.S by 2010 and guess what, it’s because a drop of birth rate after a Baby Boomer generations – Surprising is it ?
Employee Retention – Critical Skill at a Critical Time
Many of you have probably heard about the “pending” labor shortage. The Herman Group predicts that by 2010, there will be a shortage of over 10 million employees in the U.S. This is not a problem that will magically appear in 5 years. The problem is NOW!!
We are currently in the tightest labor market of the past 40 years. Data already suggests we have a shortage of almost 5 million employees. Much of this is due to the impact of the 20% drop in birth rate we saw after the Baby Boomer generation. At the same time these Baby Boomers begin to retire, fewer people are entering the job force. Unemployment rates are at their lowest levels since early 2001 and they will only get lower.
If you haven’t given this problem much thought, you’re not alone. Most companies have been lulled to sleep by the up and down economy and fickle job market of the last few years. That’s great news for those of you reading this because the few companies who understand the importance of this problem, and proactively do something about it, will gain incredible competitive advantage.
The Impact
You will feel this impact in two ways
1. Increased employee turnover
According to the Gallop organization, only 29% of employees are truly engaged in the work they do. That means 71% of your employees would probably not think twice before leaving for a better (or maybe just different) opportunity. At the same time, the current positive state of the economy, low unemployment rate and flexible work arrangements have given employees more choices than ever before.? And, by the way, your best employees have the most choices, and therefore more reason to leave! Think about the impact that would have on your customers, employee morale, hiring costs, training and number of non-gray hairs on your head
If you haven’t begun to see this problem in your organization, you will. If you don’t tackle this problem today, you will pay dearly to solve it tomorrow
2. Increased difficulty in recruiting
Some of you may have already experienced the increased time it takes to find qualified employees. Two years ago, a job candidate was happy to have one good job opportunity. Today, most good job candidates have several opportunities to choose from.
This will cause two types of problems: either your company will be understaffed as you wait longer to fill those open spots, or you’ll rush to fill open spots by settling for employees that are not really qualified for the job.
The Solution
So how do you weather this storm?
What follows are eight ways to dramatically increase the chances of keeping and maximizing your best employees.
1.Hire the right people
The first step for any company hoping to become great is to hire superior people.? “A” players breed more “A” players. Companies filled with “B” and “C” employees will not have the ability to attract “A” players. In addition, the “A” players you do have will be de-motivated and/or leave. ?
Research has shown that companies mis-hire 75% of the time! That means most companies need to hire four mediocre or under-performing employees in order to find one “A” player. The cost of this poor performance is astounding when you estimate the impact on company performance and/or employee turnover costs.?
Therefore, the first step in your retention process should be to improve your hiring process. You will need to develop a system for recruiting, evaluating and hiring superior people. This is an extensive topic unto itself, which has spawned hundreds of books. I suggest you read “Hire With Your Head” by Lou Adler or “Topgrading” by Bradford Smart as a great starting point.
2.Know your employees
Do you adhere to the adage that all employees should be treated equally? If so, your employees will never achieve their true potential, and never be truly happy in their work. ?
Each one of your employees has different strengths, weaknesses, likes, dislikes, goals, motivations and learning styles. By understanding and acting on these differences you will be able to bring the best out of your team.
Let’s look at an example concerning motivations&ldots;
One employee is motivated by money and/or status while the second employee is motivated by free-time and flexibility.? Should both be offered the same type of work incentives? Of course not
Let’s look at one more example. This time concerning learning styles…
Some employees learn best by studying everything there is to know about task before trying it. Forcing them to begin a task before they’re ready will result in poor execution and diminished confidence. Other employees like to learn by doing. They like to understand the basics of the task and then be “let loose” to learn from their mistakes. Studying the details of a task for too long only bores and de-motivates them.? Would you train these different types of employees in the same manner?? I hope not.
The sad thing is that most managers don’t know their employees well enough to understand these differences. If that’s the case in your situation, the first step is incredibly easy. Just ask them. Ask them what they like and dislike about the job. Ask them what motivates them and how they like to learn best. Not only will you find out an incredible amount of useful information, you’ll also show them how much you care.
3.Focus on employee strengths
When creating and giving employee evaluations, how much time do you spend on strengths versus weaknesses? If you’re like most managers, you rack your brain to find every possible weakness and development need for the employee you’re evaluating. I remember having a hard time writing reviews for my best performers since it was more difficult to find areas of weakness. Telling them where they were doing a great job was almost an afterthought and not much more than a pat on the back.
Focusing on weaknesses might help an employee become a bit more “well rounded”, however, being “well rounded” is incredibly overrated.? Employees will rarely become strong in an area of weakness. The best we can hope for is that they will rise to become mediocre. However, where an employee has talent, they can become world-class.? In addition, focusing on maximizing those areas where we have true talent is incredibly motivating.
This doesn’t mean we should ignore weaknesses. By all means, if weaknesses are getting in the way of doing the job, you need to find ways to manage around those weaknesses. These can include looking for ways to get them to acceptable levels of performance, changing their responsibilities or counseling them out of your organization. But don’t expect them to become “expert” tomorrow in those areas they’re weak in today.
Your return on investment will be significantly greater by focusing the employee’s efforts on continuing to build on their talents by adding new knowledge, experience and tools. Would you rather have a “well rounded” employee or a world-class employee??
4.Create a compelling mission
I’m not talking here about your typical mission statement, created by high level executives during a 2-day retreat. I’m talking about something your employees feel in their gut. Something that makes them believe their work is important. ?Something that gives them pride in what they do
If you work for a brokerage firm, wouldn’t it be more powerful to state your mission as “We help our clients provide for their children and live comfortably into their old age” than to say “We will be the leading brokerage firm in our industry”. If your company makes smoke alarms, wouldn’t it be more powerful to have a mission to keep families safe instead of a mission to be the #1 provider of smoke alarms.
Think about what makes your work important and make that your mission.
5.Trust your people
Conventional management wisdom says you’ll get the most out of your employees by defining specific goals and detailed procedures for getting there. This is only half right. Creating challenging goals is critical, however, let your employees figure out how to get there.
Most of us know it’s the people on the front lines who truly understand the best way to get things done. Defining every detailed procedure for them not only stifles their motivation and creativity, but also lowers the chance they’ll create break-thru performance.
If you’ve hired the right people and given them the tools necessary to do the job, you should give them the freedom to get the job done. Giving them ownership will allow them to reach their true potential.
6.Show your appreciation
There’s a reason why teams play better in front of a home town crowd. There’s a reason why stand up comics feed off the laughter of the crowd. Appreciation works!
Find ways to measure and reward positive outcomes. Compliment and celebrate your teams’ accomplishments big and small. There’s no such thing as too much praise as long as it’s genuine.
7.Cultivate strong managers
Research shows that employees leave their managers, not the companies they work for. It does no good for a company to invest in great compensation plans, mission statements and performance management systems if front line managers can’t execute against the previous six ideas.
Simply put, managers need to know how to effectively select, manage, develop and reward their employees. Missing any one these pieces will lead to poor performance and high employee turnover.
Therefore, a company’s biggest investment should be in the selection and development of great managers.
8.Have fun!
We spend half our waking lives at work. Shouldn’t we figure out how to make it fun? ?Not only will a fun work environment breed happier employees, it’ll breed creativity, outstanding service and tremendous teamwork.
Allow your employees to play, have fun and experiment. Encourage them to contribute to others (employees, customers and the community) in extraordinary ways. Most of all loosen up. Let people bring their true selves to work and have a good time. Your customers, employees and bottom-line will be better for it.
Following these eight steps will actually do a great deal more than help you keep your best employees. Happier, more productive employees will lead to improved innovation, quality, customer service and, best of all, profitability.
American Express Cuts Staff and Citigroup bailouts
I’ve just read about this headline from www.zimbio.com about American Express is planning for a retrenchment of their staff due to currrent economic crisis. First we heard Citigroup,among the top 5 Forbes 500 companies getting a bailout aid and luckily many stock traders showed clear relief after the government’s plain to bail Citigroup out.Thanks to the newly elected President Barack Obama’s pledged to enact a sizable economic-stimulus plan that have soothed investors jittery nerves.
Considered the biggest rescue of the bank,U.S government has planning to inject $20 Billion of a new capital by agreeing to shoulder most of the potential losses on $306 billion high risk assets.The current economic crisis has seen the disapperance of major financial companies such as Lehman Brothers,Bear Sterns Cos and Washington Mutual Inc.American Express, one of the major charge card issuing company,has been planning to lower the widening financial rise if their own by cutting apporoximately 7000 jobs at the management level with their aim to save around $1.8 Billion next year, according to CNN Money.Known for their generous of concern to their customers,the Amex public image will be more likely to change after some adjustment of strictening some regulations and higher financial charges.As such, it is more likely from our observation that the employment new hires will be paused and employee salary will have no usual annual increment and bonus.
Stock market moved sharply higher for a another straight session last Monday and the Market watchers reacted cautiously to the rally.By the mean time, to acknowledge that stocks had been beaten down so badly in last week’s fear-driven sell-off that any rebound was likely to be strong and more likely after the good news from Obama promises to boost the economy.At least, this good news makes people feel relief that something is being done.Under the rescue plan, the government agreed to invest an additional $20 billion in Citigroup, on top of $25 billion previously committed. It also agreed to absorb the first $29 billion in the present losses of a portfolio of $306 billion troubled assets.In addition, the government would shoulder 90% of any additional write-downs, with Citigroup takeover for the other 10%.
Chief Executive Vikram Pandit and other top management may found a new experience “in keeping their job” despite the intervention, but its the government that have the decision their future. More details on compensation may come next week, government officials said.
Not all investors were pleased. “You’re seeing an inept management team being rewarded by the U.S. government,” said William Smith, chief executive of Smith Asset Management in New York, which owns Citigroup stock.
Ridhzuan Harun
