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Do You Maximise Or Satisfice When Making Your Decisions?

Posted on April 20, 2021 by admin

Critical decisions are often made in the workplace. It’s highly likely that at one point or another, a decision has had to be made by you to result in an outcome that could impact performance or some other aspect of the business. Generally there are two ways in which people make decisions. These are known as maximising or satisficing, and both have drastically different approaches and impacts for how individuals make decisions. Those who use maximising in their decision making process are more likely to weigh/compare choices to carefully assess which is the best one. When a decision is made by a maximiser, often it’s a well-informed one that could potentially lead to a better outcome overall. Their decisions may look the most logical or efficient as their time has been spent deliberating potential results and possibilities. A drawback to the maximiser process is that a lot of time can be wasted in the process of getting it right. Decision paralysis and regret is also a common occurrence for those who overthink their options. Satisficers are those who would prefer to make decisions quickly – the decision is made promptly, and is usually acceptable but not the best choice or […]

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How To Do Deal With Presenteeism At Work

Posted on April 13, 2021 by admin

Sometimes, being absent from work is better for you and the business you work for than if you were present that day.  When someone shows up to work but is unproductive as a result of feeling unwell, are distracted by personal issues, or are disengaged from their role, it’s known as presenteeism.  Presenteeism is difficult to detect among employees as they may appear to be working but can be producing less overall over a period of time than they otherwise would. It’s a fairly common issue across many industries in the workforce, where productivity is lost while these staff underperform.  One of the most common causes of presenteeism is ‘company culture’. In situations where you may be ill or would be better off not going to work, you may feel an invisible pressure to go into work regardless. This may be because not going in would place strain on your teammates,  taking time off is frowned upon, or that time-sensitive work may not be completed if you were absent. There is a cultural expectation surrounding workplaces about attendance at work – so what can be done to address this? To combat this, consider:  If working full or part-time, you are […]

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How to manage underperformance in the workplace

Posted on March 19, 2021 by admin

Employees are the key ingredient to the success of any business or organisation – but what should employers do if they aren’t performing as well as they should? Underperformance can occur when an employee is failing to do their job properly, or is being disruptive within the workplace and impacting those around them. It may be a result of: Goals and standards are unclear to the employee, so they are unaware of what’s expected of them Lack of knowledge or skills for the job The employee is unsure if they are meeting the requirements Personal motivation or confidence are low Personal issues (family stress, physical and/or mental health problems or drug/alcohol issues) Low workplace morale/a poor work environment Interpersonal differences or cultural misunderstandings Workplace bullying Underperforming by employees or poor performance at work can include: Not performing duties, or not performing duties to the required standard Displaying negative or disruptive behaviour in the workplace Failing to comply with workplace policies, rules or procedures The best way to address an issue like this and to ensure that all are performing to their best is to have regular meetings and discussions about performance and goals. Providing feedback and support can also assist […]

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Ways you can manage your stress

Posted on February 18, 2021 by admin

There are various causes of stress that make it difficult to have just one method of stress management. There are 4 methods you can use in response to stress: Avoid: Sometimes the causes of our stress are avoidable. For example, if being around certain people makes you feel stressed because of the way they behave, then you should avoid being in the same vicinity as them where possible Alter: You may not be able to avoid a situation, but try to find ways of altering it. For example, you might stress during the exam period and having other people around might make it harder for you to focus. Communicate with your roommates or family members to let them know how you feel so that you can schedule your study times better.  Adapt: Certain scenarios are unavoidable so the best response might be to adapt to them. You can reframe the stressor by looking at the big picture perspective. For example, you might be stressed out by the idea of going to an interview, but thinking of it as a small step in the direction towards working in a job you like might make it easier.  Accept: Although this is the […]

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When it’s okay to ask your coworkers for help

Posted on February 15, 2021 by admin

People often perceive asking for help as a weakness, but sometimes, asking for help demonstrates strength. It shows self-awareness and a willingness to learn and grow.  If you find yourself in the following situations, you should consider asking for assistance:  You don’t know what you’re doing This sounds straightforward, but if you’ve been given a task that you haven’t done before and you’re struggling, it is worthwhile to approach someone for assistance. You could ask your manager for clarification about the task, or some support in completing the task. There is no point in trying to repeatedly re-attempt the task if you have no idea what you are trying to achieve. This is not an effective way to spend your time, and you will end up stressing yourself out more than anything else.  When there is too much work Although well-intentioned, being overly enthusiastic about your work practices can cause trouble. Having too much work on your hands will prevent you from completing it to the best standard and leave you overwhelmed. In this scenario, asking coworkers to help you can seem as though you are shirking responsibilities that you chose to take, but it is more likely that people […]

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Overcoming public speaking anxiety in the workplace

Posted on January 21, 2021 by admin

There will come a time, where no matter how much you despise it, you will need to speak in front of an audience. Being afraid of public speaking is fairly common and there are resources and programs which may help you overcome this.  The following are tips which will help you through your public speaking fears. They may be more effective for one-off scenarios, as a more extensive program should be chosen by those who need to regularly participate in public-speaking but experience fear. Write out notes: Write out what you are planning to say clearly. Even though you don’t want to be reading your notes exactly, having them there can alleviate anxiety because if you lose track, you can check your notes and start where you left off.  Get there early: It helps to be comfortable with the setting you will be presenting in. Get there when no one else is around so you can familiarise yourself with your surroundings. Imagine the worst: What is the worst thing that could happen to you? Identify your worst-case scenario and come up with a plan for what you would do if it happened. It isn’t going to happen – but what […]

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When is taking a pay cut okay?

Posted on January 14, 2021 by admin

Taking a pay cut is never easy but there are some situations where it makes sense. Focusing exclusively on the salary could prevent you from looking at other factors which are also important. You may need to take a pay cut when you are making a career change. This is because you won’t have the relevant experience or the skills for the same pay grade in a new industry.  You will need to acquire the same level of skills and experience in your new career to be able to demand or be offered the same pay. This isn’t necessarily a bad thing, as getting your foot in the door to a completely new industry is extremely important.  A work-life balance is desirable, although can mean that you need to make certain sacrifices. A higher pay comes with greater responsibilities and expectations, which can often be time occupying. Prioritising a balance could mean that you have to reduce responsibilities and take a pay cut.  You may come across the perfect opportunity but it may not come with the same paycheck. At times like this, it might be worth taking the reduction in pay to pursue the opportunity which involves work that […]

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Responding to conflict in the workplace

Posted on December 17, 2020 by admin

Handling conflict in the workplace is a sensitive issue which needs to be dealt with carefully.  The following are practical strategies to respond to conflict that may arise: Focus on behaviour and events as opposed to personalities. Rather than generalising a behaviour, discuss what went wrong in a specific situation. Listen to what both parties are saying. Both people might have different perspectives on what went wrong and there may be validity to both sides. Clarify the situation in detail with both parties separately before you discuss it with them together.  Identify the points of agreement and disagreement. The points that individuals agree on will help establish some understanding, and disagreements could help create potential solutions.  Prioritise which aspects of the argument need to be dealt with the most and address those first. Minor disagreements can be settled over time but major ones should not be set aside.  Develop a plan for each individual to work on to resolve that conflict. Setting a time frame and goal for what you expect to achieve out of the plan for both parties will help follow-up assessments of the situation.  Follow through your plan by ensuring that the conflict has been resolved over […]

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How to motivate and incentivise employees

Posted on December 3, 2020 by admin

Each employee is motivated and incentivised by different things. While some employees are more motivated by money, others might feel motivated when their work is recognised. It is important to try to understand what will best work for an employee and reward them accordingly to ensure productivity.  Providing an incentive will motivate certain employees to be more productive and produce quality work. There are various types of incentives that can be applied, such as bonuses or travel perks. These incentives give employees more to work for than their paycheck and act as motivation to put in extra effort in the work they complete.  Recognition can also be a powerful motivator. Identifying that an employee has completed their work to a good standard and acknowledging their efforts will motivate them to continue producing good work. Employees will also appreciate their employers noticing their efforts and feel that their work is relevant and integral to the business. If you notice that an employee is doing particularly good work, public recognition can also be extremely effective.  Employees who are self-motivated feel the same sense of accomplishment when they meet their own goals as other employees might feel when they meet company standards. For […]

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Responding to an underperforming employee

Posted on November 19, 2020 by admin

Given how confusing and stressful these times have been for individuals, you might find that employees are not performing at the standard you expect them to. This can prevent the company from meeting its goals and slow down growth.  It is important that you critique yourself before you start questioning the employee. The employee should be aware of what is expected from them, both in terms of role and the standard at which it should be completed. They should also be aware of the consequences of underperforming. You should also ensure that you are not expecting them to complete tasks which they have no training for, and be prepared to provide training if you find this to be the case. In some cases, the employee may not be aware that they are not performing to expectations, in which case, having a conversation with them might be more useful than confronting them about their failures. Rather than confronting them emotionally, where the conversation is accusatory or potentially threatening, you should prepare what you have to say beforehand and keep it specific to their work and what needs to be done. This will help you address the exact issue of underperformance rather […]

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