Do you know how much it costs to replace a headcount?
It isn’t just the salary alone.
You have to account for the non-wage costs such as the costs of on-boarding, recruiting (headhunting fees), honeymoon period, acclimatisation (for both parties), and the list goes on.
If the headcount you are replacing happens to be a sales person, the damage would be much bigger given that a portion of your clientele might go with him or her.
Coaching is one of those highly under-rated things that can have huge impact across an organisation.
It isn’t just prevalent in sports but in companies as well.
Very often, highly successful executives attribute their accomplished careers to having a supportive supervisor or manager in their formative years who coached more than tell.
A search for employee engagement on Google would return 172,000,000 results.
It is no coincidence that this space has seen an explosion of new innovative HR Tech.
Go-Up.Work is one of them. With office in Singapore and Thailand, their employee engagement platform help companies to optimise their people experience to uplift, engage and retain them better
The whole gist is a happy employee is a productive one.
“Bootstrapping is a way to do something about the problems you have without letting someone else give you the permission to do them” – Tom Preston-Werner, co-founder of Github
After six years of bootstrapping at Villa Finder, I entirely agree with this quote. Starting a company solely with your own dime has its merits and some setbacks.
What is productivity?
Entrepreneurs are possibly one of the most productive people in Singapore because when you’re an entrepreneur, time = money.
No one is going to pay you overtime hours, and the faster and more effective you get routine tasks done, the more time you can spend on your next business venture or developing a new business idea.
Anyone who knows Conrad Alvin Lim would very likely tell you that his story is an inspiring one.
To those unaware of his story, that may sound like a frivolous statement. But once you gain an understanding of what Conrad had gone through, you’d see that he’s the real deal.
Having succumbed to bankruptcy in the year 2000, Conrad got discharged from bankruptcy seven years later, and today he holds a number of accomplishments to his name–including being a full-time online trader and investor, a trading and investment mentor, a successful entrepreneur, as well as a best-selling author.
Startup ventures are always exciting because they often bring together young, energetic minds and fresh ideas.
However, there are numerous challenges to establishing a new business that would appear daunting even when you have a great business idea. Often the biggest among them is financing your startup.
Funding a new business venture is not easy in any country due to the number of uncertainties involved.
Steve.sg, a Singapore-based artificial intelligence (AI) startup has launched a “hyper-personalized” jobs marketplace to solve global job woes, starting with Singapore.
The marketplace connects people to jobs through a personalised and inspiring way by leveraging machine learning and financial market dynamics.
The marketplace is designed as a jobs coach for job seekers and jobs assistant for businesses, tapping into today’s appetite for instantaneous personalised feedback.
Setting up a business in Singapore is easy in comparison to many South-East Asia countries.
From sourcing office premises to start-up banking accounts, you will be spoilt for choices.
However, which banks provides the best banking support for your new business? Understandably running a start-up is a time and money intensive endeavour.
Having been involved in tech recruitment, I know how challenging it is to find software people in Singapore.
For every one of them, they probably have a dozens opportunities lined up for them.
So I really paid attention when I learned about Elisa.
There isn’t many ladies in development work, less so for one who is an expert in data science.