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Management Diary
The Ultimate Reference For Managers And Wannabe's
Firing Someone Without Resentment
Firing, sacking, letting go or terminating people is unpleasant. There are ways to minimise resentment, but why bother? Because most legal action and unpleasantness stems from dissatisfaction/resentment about the way things were handled - about how rather than what happened.
Making Meetings Work
We have all attended meetings that were boring, mindless and profoundly ineffective. Meetings don't have to be a waste of time.
The Challenges of Human Resource Management
Introduction The role of the Human Resource Manager is evolving with the change in competitive market environment and the realization that Human Resource Management must play a more strategic role in the success of an organization. Organizations that do not put their emphasis on attracting and retaining talents may find themselves in dire consequences, as their competitors may be outplaying them in the strategic employment of their human resources.
Measuring Creativity, DIY style
Creativity measurement is often required in order to benchmark existing competencies, monitor improvement, increase output and generally provide tangible and useable processes and structures for clients. Individuals can measure their own creativity, the creativity levels of their group, department or organisation.
The Power of ?Ask?
For Call Center managers, it is not a pipe dream to improve employee moral while increasing productivity. It may even come easy to some to find fresh, new ways to reduce performance problems.
Human Resource Communication Pays Off
Human Resource Communications and Corporate Communications - are they one in the same? Both plan and develop written communication strategies to further the understanding and perceptions of their audience. Both provide counsel and editorial support for management communications.
Truth or Consequences: How to Give Employee Feedback
In the bestseller, Good to Great, Jim Collins discovered that, 'the good-to-great companies continually refined the path to greatness with the brutal facts of reality.' And, in his recent autobiography, Jack Welch reports that he spent about half of his time on people: recruiting new talent, picking the right people for particular positions, grooming young stars, developing managers, dealing with under performers, and reviewing the entire talent pool.
Effective Ways to Give Performance Feedback
Consequences of Not Giving Effective Feedback Let's take a look at some typical examples of what goes on in work environments when managers don't give good feedback. Example #1: John has been working at his new job for one month.
Uncommon Common Sense ? Know What is the Most Important Thing in Your Business
Over 3 of my meetings with 3 business owners last week, what really shocked me was how uncommon common sense was. 2 out of 3 I spoke to do not know what is the most important thing in their business.
Hold Your Applause!
It's amazing what you can accomplish if you don't care who gets the credit. Harry S Truman. President Truman had decided that Secretary of State, General George Marshall's name should be attached to his plan for massive European relief following World War II.
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MORE RESOURCES:
Wholesale inventories fall, sales surge
(Reuters)
Reuters - U.S. wholesale inventories fell modestly in January, while sales rose to their highest level since October 2008, suggesting that inventories would continue to support economic growth in the first quarter.
Wholesale inventories fall while sales increase
(AP)
AP - Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses remain cautious about restocking their depleted shelves.
UK's Brown paves way for election with budget date
(AP)
AP - Britain's economic recovery remains fragile, Prime Minister Gordon Brown warned Wednesday, as he paved the way for a national election by announcing the government's budget would be published in two weeks.
Home loan demand nudges higher in latest week
(Reuters)
 Reuters - U.S. mortgage applications nudged higher last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.
Regulators tell banks to restrict dividends, buybacks: report
(Reuters)
Reuters - Shareholders may have to wait for months to retrieve capital after U.S. regulators told banks not to increase dividends or buy back shares amid political and economic uncertainty surrounding the financial industry, the Financial Times reported on Wednesday.
GDP seen slowing, tying Fed hands on rates
(Reuters)
Reuters - After a growth spurt at the end of 2009, the U.S. economy will slow in the months ahead, keeping the Federal Reserve from raising borrowing costs until the final three months of the year, a Reuters poll showed.
Senate to pass jobless aid, business tax breaks
(AP)
AP - Legislation blending help for the jobless with popular tax breaks for businesses and individuals is slated to pass the Senate Wednesday over protests from conservatives who say it adds too much to the $12.5 trillion national debt.
European stocks edge ahead as investors await data
(AFP)
 AFP - Europe's leading stock markets nudged higher on Wednesday as traders awaited key US economic data and assessed the latest batch of company results.
Ahead of the Bell: February budget deficit
(AP)
AP - Economists believe that the federal budget deficit through the first five months of the budget year is running at a record-breaking pace, with the February imbalance likely to climb to the highest level this fiscal year.
German January exports up 0.2 percent on year
(AP)
AP - Official data shows German January exports improved 0.2 percent compared with January 2009 but declined a sharp 6.3 percent from December.
Strong China trade data point to rise in yuan
(Reuters)
 Reuters - Chinese exports and imports grew faster than expected in February, underlining the momentum behind the world's third-largest economy and reinforcing the case for a rise in the yuan.
China plans new trade office as global disputes grow: sources
(Reuters)
Reuters - China is setting up a new agency to help streamline its trade negotiating bureaucracy as the world's third-largest economy faces a growing number of commercial disputes.
Highlights of Senate jobless aid bill
(AP)
AP - Highlights of Senate legislation extending unemployment insurance and expired tax breaks:
Brown says UK to maintain AAA credit rating
(Reuters)
 Reuters - Prime Minister Gordon Brown said on Wednesday he believed Britain would maintain its coveted top credit rating and announced a pay freeze for senior civil servants and military officers to help tame a record deficit.
Economists trim 2011 U.S. growth forecast
(Reuters)
Reuters - U.S. economists raised their forecast for economic growth in 2010 in March, the third straight monthly rise, while trimming their growth forecast for 2011, according to a survey released on Wednesday.
US to expose trade barriers in new report
(AFP)
 AFP - The United States said it would expose "troublesome" foreign trade barriers in a strategy to prise open markets for doubling American exports to ease an unemployment crisis at home.
Gas price rises seen gentler on consumer wallets
(AP)
 AP - As the economy recovers, energy prices are rising and that is placing extra strain on families' budgets.
SEC chief economist leaving
(AP)
AP - The chief economist of the Securities and Exchange Commission, who is an expert on the financial instruments that figured largely in the 2008 crisis, is leaving his position for the private sector.
Job openings up sharply in January to 2.7M
(AP)
 AP - Job openings rose sharply earlier this year, evidence that employers are slowly ramping up hiring as the economy improves.
Texas Instruments CEO pay up 2 percent to $9.8M
(AP)
AP - Chip maker Texas Instruments Inc.'s CEO's compensation edged up in 2009, according to calculations by the Associated Press, a recession year that proved difficult for the chipmaker.
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