Improving Your Business: Finding Your Right Talent

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How do you attract and retain the right talent for your organization?
In today’s highly competitive world, businesses face a major concern – hiring, motivating, and retaining experts.
Companies like GE, CISCO, and Procter & Gamble are using the same approach in their organizations. This so-called approach is called, “Reverse Monitoring”. These companies pair senior staff with new and younger employees. Both senior staff and junior employees combine proven concepts, with fresh and newer ideas upstream along the corporate ladder.  However, there is destined to be conflicts in strategy and viewpoints between the seasoned staff and the new hires.
The recent statistics on a KPMG study on evaluating growth and revenue amidst constant change revealed that proper mobility can have a positive impact on creating and maintaining a productive workforce. Thus, whatever conflicts may arise should only help the businesses in the long run.

Contributed by: TEACHER UTADA
Vocabulary Enhancement:

  1. Talent (noun) a person who has natural quality or ability
  2. Upstream (adjective) in the direction towards a higher level
  3. Seasoned (adjective) aged; veteran; experienced
  4. Revenue (noun) an entire amount of income before deductions are made
  5. Mobility (noun) the quality of moving freely
Perspective Exchange:

  1. How do you attract and retain the right talent for your organization?
  2. Do you think “Reverse Monitoring” is effective? Please explain your answer.

How do you attract and retain the right talent for your organization? In today’s highly competitive world, businesses face a […]


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Level:

Advance

The Right Degree to Become a Billionaire

What degree should we study to become a billionaire?

A business-to-business buying platform called Approved Index has studied the list of 100 richest people in the world published by the Forbes magazine.

Based from the data they gathered, they found out that engineering graduates are the richest with an average wealth of 25.8 Billion US Dollars. They are followed by those who didn’t have a degree and their average net worth is 24 Billion US Dollars and the third spot was taken by those who studied finance with an average net worth of 22.5 Billion US Dollars.

Bill Gates, the richest person in the world whose fortune is around $79bn, is a known drop out of Harvard as well as the founder of Facebook, Mark Zuckerberg, the youngest person to be included in Forbes’ top 100 with a $33.4bn net worth.

Here’s the list of average wealth by degree published by Approved Index:

  1. Engineering ($25.77bn)
  2. None ($24.03bn)
  3. Business ($22.5bn)
  4. Economics ($22.1bn)
  5. Arts ($20.51bn)
  6. Other ($19.66bn)
  7. Math ($17.75bn)
  8. Finance ($15.83bn)
  9. Law($13.2bn)
  10. Science ($12.08bn)
Contributed by: TEACHER NATSU
Vocabulary Enhancement:

  1. Gather – come together; assemble or accumulate
  2. Wealth – an abundance of valuable possessions or money
  3. Net worth – is the total assets minus total outside liabilities of an individual or a company
  4. Fortune – a large amount of money or assets
  5. Drop out – abandon a course of study
Perspective Exchange:

  1. Which degrees are currently in demand in your country? Why do you think they are in demand now?
  2. Should we measure someone’s wealth through his/her education? Why or why not?
  3. Some people say that education is not only the key to success, the behaviour and personality of a person also affects his/her success. Please state your opinion and give reasons.

What degree should we study to become a billionaire? A business-to-business buying platform called Approved Index has studied the list […]


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Level:

Intermediate

Restaurants and Furniture

MAR. 06 477-illust_(Mar6)Restaurants and Furniture

 

 

Why does Starbucks have round tables? And why do restaurants choose uncomfortable chairs?

Do you know that some shops and restaurants are using psychology to take advantage of their customers? You might have noticed that most Starbucks have round tables. The reason why is because they are more welcoming than those tables with square edges. Additionally, people will look less alone while seated at a round table.

A book entitled “The Secrets of Happy Families” which is written by Bruce Feiler says that people will interact more when they sat facing each other in circling furniture.

Restaurant owners purposely choose uncomfortable seats because they wanted to encourage diners to eat and leave once they are done eating so other paying diners will have more space to eat.

Contributed by: TEACHER NATSU

 

Vocabulary Enhancement:

  1. Psychology – the science of mental life; the study of mental health
  2. Take advantage of – to make use of for gain;
  3. Edge – a line or border in which a surface ends
  4. Interact – to act upon one another
  5. Purposely – intentionally; with the particular purpose
  6. Diners – people who eat

 

Perspective Exchange:

  1. Do you often see these kinds of furniture in restaurants or coffee shops? Describe them.
  2. What are the most common colours do you also see? Please describe.
  3. Do you agree that these furniture changes the mental state of a person? Why or why not?

    Why does Starbucks have round tables? And why do restaurants choose uncomfortable chairs? Do you know that some […]


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Level:

Intermediate

Food Trucks

JAN. 31 - Food Trucks

 

 

Have you tried eating in a mobile restaurant?

A food truck is a large vehicle furnished with cooking equipment and utensil to cook and sell food. They are regularly seen in big events such as carnivals, construction sites, and sporting events as well as near the business and university district where regular meals or snacks are in high demand.

Some experts in American history believed that the first use of a vehicle to sell cooked food started in the 16th century where people used chuck wagons and pushcarts to sell food to all the people who are too busy to go in a restaurant to eat lunch. They first served construction sites, factories and others.

Nowadays, food trucks have evolved thanks to the modern technology. It has gained a worldwide attention and some TV network companies have created television shows to promote them such as “The Great Food Truck” and “East St.” Both shows feature food trucks and mobile food carts from all over the United States.

Contributed by: TEACHER NATSU

 

Vocabulary Enhancement:

  1. Furnish – to provide; to supply or to equip with something
  2. Utensil – an instrument for practical use (especially in a household)
  3. District – territory
  4. Chuck wagon – a wagon equipped with a cook stove and a stock full of food supply (for cowboys)
  5. Pushcarts – wheeled vehicle that can be pushed by a person
  6. Promote – encourage; try to sell or make publicity for

 

Perspective Exchange:

  1. Are food trucks or mobile restaurants popular in your country? Can you describe what they looked like?
  2. What kind of food do they sell in food trucks in your country?
  3. What kind of food do you want to buy in a food truck?

    Have you tried eating in a mobile restaurant? A food truck is a large vehicle furnished with cooking […]


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Level:

Intermediate

Smoking Prohibited In Bars and Casinos in New Orleans

 

 

Do you know that in New Orleans, you won’t be allowed to smoke inside the bar and casinos in the near future?

The New Orleans City Council has voted unanimously to pass a new law that will ban smoking in casinos and bars. The said law will take effect in about three months.

The city officials decided to pass this law because they were concerned with the health of the other people who are exposed to second-hand smoke while they are in the establishment.

However, owners of bars and gambling shops are worried that their business will get hurt. In fact, during a meeting in a large casino next to the French Quarter, their lawyers estimated that their revenues will decline to 20% because of the ban.

Contributed by: TEACHER NATSU

 

Vocabulary Enhancement:

  1. Unanimously – of one mind, without disagreement
  2. Ban – to prohibit, forbid something
  3. Second-hand smoke – also called as passive smoking; happens when someone who doesn’t smoke inhale the cigarette smoke from someone who is smoking near them
  4. Establishment – a public or private structure (business or governmental or educational building)
  5. Revenue – entire amount of income
  6. Decline – grow worse; go down

 

Perspective Exchange:

  1. Do you agree with the decision of the city officials to ban smoking in bars and casinos? Why or why not?
  2. Does your country have a similar law which bans smoking in some establishments? Please explain.
  3. How does your government prevent second-hand smoking?

    Do you know that in New Orleans, you won’t be allowed to smoke inside the bar and casinos […]


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Level:

Intermediate

How Does Employee Turnover Affect A Company? – Part 3

431-illust_(nov19)How does Employee Turnover Affect A Company – Part 1

 

 

What are the effects of employee turnover? 
  • Overworked employees. There are some employees who need to work extra hours to complete the work of those who left. Even if they are paid for overtime, it will have a negative effect on their quality of work and job satisfaction. The longer they have to do overtime job, the more difficult it will be for the company to get the employees’ goodwill even after a replacement has joined.
  • Cultural impact. When an employee quits, others wonder why and how it happened and they may become depressed about it. If you add this to their unhappiness because of their additional responsibilities, it can cause other employees to look for jobs elsewhere.
  • Customer service and mistakes. Since they are new in the company, they will require more time to get used to their jobs. This will result in expensive errors (like in the healthcare industry). Additionally, it can cause customer dissatisfaction and complaints if they didn’t deliver a good customer service.
  • Contributed by: TEACHER NATSU

     

    Vocabulary Enhancement:

    1. Satisfaction – the state of being satisfied or contentment
    2. Goodwill – a tendency to kindness and compassion (sympathy for others)
    3. Errors – faults or mistakes
    4. Dissatisfaction – the feeling of being displeased and discontent; opposite of satisfaction

     

    Perspective Exchange:

    1. How long do you think a new employee needs to get used to his new job?
    2. Does it affect you when a co-worker leaves your company? How does it affect you?
    3. Can you give other elements or factors of employee turnover?

     

        What are the effects of employee turnover?  Overworked employees. There are some employees who need to work extra […]


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    Level:

    Advance

    How Does Employee Turnover Affect A Company? – Part 2

    432-illust_(nov20)How does Employee Turnover Affect A Company – Part 1

     

     

    What are the effects of employee turnover?
    • Hiring, recruitment and advertising. The recruiting staff, HR or hiring manager have to devote time and expense to advertising job vacancies, screening resume, and interviewing. Additionally, it would cost more if the company hire an external recruiting firm.
    • Training for the new hire. It involves expenses to training and management’s lost time. Sometimes there are some newly hired employees who only last a few months.
    • Training expenses. For the first 2 or 3 years of training, the company has to spend at least 10-20% of salary for the employee. Additionally, someone would have to check the new employee’s work even after the training to know if the employee has proven himself. So the trainers are losing their time out instead of using that to their specific tasks.
    • Loss of motivation and engagement of other employees. If a company has a high turnover rate, the remaining employees will feel less motivated and less engaged which would mean, production will be less as well.
    Contributed by: TEACHER NATSU

     

    Contributed by: TEACHER NATSU

     

    Vocabulary Enhancement:

    1. HR – Human Resource; a department in a company that is responsible for hiring people and managing employee and employer related issues
    2. Devote – use entirely for a specific person, activity, or cause
    3. Vacancies – an unoccupied position or job
    4. Screening – testing objects or persons in order to identify those with particular characteristics
    5. Expenses – money spent paid for goods and services
    6. Prove – provide evidence for
    7. Losing (something) out – to waste something; to cause or result in the loss of;
    8. Engage – carry out or participate in an activity; be involved in
    9. Production – the act and process of producing something

     

    Perspective Exchange:

    1. Do you think employee turnover is harmful to a company? Why or why not?
    2. They said that a new employee needs at least 2 years to get used to the job and do it effectively. Do you agree? Why or why not?
    3. Can you give other elements or factors of employee turnover?

        What are the effects of employee turnover? Hiring, recruitment and advertising. The recruiting staff, HR or hiring manager […]


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    Level:

    Advance

    How Does Employee Turnover Affect A Company? – Part 1

    431-illust_(nov19)How does Employee Turnover Affect A Company – Part 1

     

     

    What is Employee Turnover?

    Let’s define Employee Turnover first. According to Wikipedia, Turnover, staff turnover or labour turnover is the measurement in which an employer loses and gains employees. In simple terms, it describes how long an employee tends to stay in the company. The cost for employee turnover is difficult to imagine and a high turnover can be harmful to a company’s profit.

    What are the effects of employee turnover? Below are the lists of factors that determine the costs an employer encounters when employees leave the company.

    • Lost productivity. If someone leaves, there might be no one to take the position for some time. Even if another employee covers for that job, some tasks will be left undone. Even if there is an immediate replacement for the lost employee, it might take him up to 2 years to be efficient and effective on his job.
    • Lost knowledge. Employers might hire someone who can perform the responsibilities better than the previous employee; they might even perform the job better. However, they lack in knowledge the lost employee had in terms of things like: passwords, traditions, where relevant information is located, boss’s preference, knowing people, and other information that comes from doing the job.
    Contributed by: TEACHER NATSU

     

    Vocabulary Enhancement:

    1. Employer – a person or firm that hires workers
    2. Employee – a worker who is hired to perform a job
    3. Harmful – causing or capable of causing harm or damage
    4. Factors – anything that adds to a result; elements or components
    5. Encounter – come upon; meet with; as if by accident
    6. Efficient – doing the job properly without wasting time, expense and effort
    7. Effective – able to finish a job or accomplish a purpose; doing the job properly
    8. Relevant – having connection with the subject or issue; applicable
    9. Preference – a strong liking

     

    Perspective Exchange:

    1. Do you think employee turnover is harmful to a company? Why or why not?
    2. They said that a new employee needs at least 2 years to get used to the job and do it effectively. Do you agree? Why or why not?
    3. Can you give other elements or factors of employee turnover?

        What is Employee Turnover? Let’s define Employee Turnover first. According to Wikipedia, Turnover, staff turnover or labour turnover […]


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    Level:

    Advance

    Keep the Best Employees from Leaving – Part 2

    430-illust_(nov18)Keep the Best Employees from Leaving

     

     

    What are the ways managers should do to keep their best employees from leaving?

    Help improve their work/life balance by providing them a flexible work schedule. You can do this by letting the employees set their own schedule (let’s say for a month) and provide them vacation and sick leave.

    Make sure that there’s a clear communication between you and your employees. Let them know what exactly your future plans are and what you expect from them. Try having an open-door policy where employees can come to you freely and give their feedback and concerns. This builds trusts within the company.

    When your employees did an amazing job, compliment them and reward them accordingly. Give them positive feedback when they deserve it and applaud their hard work.

    Having a good strategy in keeping your employees will give you tremendous benefits and will reduce employee turnover.

    Contributed by: TEACHER NATSU

     

    Vocabulary Enhancement:

    1. Flexible – capable of being changed
    2. Feedback – critical assessment or suggestions to improve performance
    3. Compliment – a remark expressing praise and admiration
    4. Applaud – express approval of
    5. Tremendous – extraordinarily large in size

     

    Perspective Exchange:

    1. Do you agree with the ways the article said in keeping the best employees from leaving?
    2. What are the things that will make you stay in a company?
    3. Can you think of other things employers should do for their employees?

        What are the ways managers should do to keep their best employees from leaving? Help improve their work/life […]


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    Level:

    Intermediate

    Keep the Best Employees from Leaving – Part 1

    430-illust_(nov18)Keep the Best Employees from Leaving

     

     

    What are the ways managers should do to keep their best employees from leaving?
    Many employers are extremely happy when they find a best employee to fill the empty position. They have finally found the best person to bring the company forward. However, that’s not the biggest problem. The biggest problem will come in once the best employee starts working. A big salary is not enough, best employees need more reasons other than a big salary to stay in the company and bring their best performance every day.

    Giving your employees opportunities to grow and develop their skills will make them feel challenged. You can do this by setting up training programs to help employees improve their skills. If there’s an opening in your company, look internally if there’s someone in the office who has the potential to fill the vacant slots and make sure you inform them so they can apply for them if they want to.

    Contributed by: TEACHER NATSU

     

    Vocabulary Enhancement:

    1. Extremely – to a high degree or extent
    2. Fill – assume, as of positions or roles
    3. Internal – occurring inside;
    4. Potential – having possibility;
    5. Vacant – unoccupied

     

    Perspective Exchange:

    1. Do you agree with the ways the article said in keeping the best employees from leaving?
    2. What are the things that will make you stay in a company?
    3. Can you think of other things employers should do for their employees?

        What are the ways managers should do to keep their best employees from leaving?


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    Level:

    Intermediate