Selecting candidates is big business and should be done with meticulous care. One wrong hire and it could cost the company a lot of money in lost revenue or production. Using psychodynamics may help in overcoming motivations and their potential beneficial or negative outcomes in the work place.
What is psychodynamics?
It is the study of candidates emotional and mental functions that lead to performance and outcomes. This study is important in uncovering employees that are likely to succeed with their employer and complete their job function appropriately.
Those looking at psychodynamics may include paper trails such as employment history, community relations, references and other important markers. For example a person could have a very rocky employment background unable to stay at an employer for more than a year.
This could mean the candidates creates problems wherever he/she goes or it could mean there are other factors involved. To use psychodynamics well it is important to also look at other indicators such as how they act and respond to specific questions about their employment in the interview.
The Internet is also offering other alternatives to understanding backgrounds but is not a perfect solution because people change and information can be misinterpreted. For example, I might have paintings out there because I am learning how to paint but a hiring manager may assume I don't have a scientific mind.
Personal bias can easily make it in the process so ensure that your company effectively cross balances perceptions, data, and information in a way that leads to more accuracy. There have been many costly mistakes and misinterpretations that lead to the rejection of great candidates and hiring of poor candidates.
Saturday, December 26, 2015
Friday, December 25, 2015
Will the Economy Start to Tap Your Paychecks Soon?
You might be getting a raise soon. Your friend "the economy" says so! According to the Labor Department those applying for unemployment claims dipped to 267,000 marking a 42 week low. As the labor supply shrinks it becomes increasingly likely that wages will rise as skilled labor becomes increasingly in demand. The economic hands are likely to start tapping on paychecks soon.
Basic laws of supply and demand are at play here. As something becomes more difficult to find its value rises. It doesn't matter if you are talking about the latest XBOX game or labor supply. Good employees are hard to find and when employment rate dips companies must continually look at lower qualified candidates.
This naturally comes with a cost and improvement in labor conditions; at least for those who are actively engaged in the market. Pressure rises on companies to find candidates, train them to expectations, and then put them to solid work when the unemployment rate is under 5%. As their value and cost rise companies seek to also raise their productivity rate.
This creates a push to increase productivity to reduce the cost of labor and hire fewer employees. Automation and streamlining become popular methods to countering labor costs. In the long run this can create downward pressure on the employment rate but its effects are not felt until a significant time in the future.
Assuming that the economy continues to grow over the next year the pressure on the labor market is likely to increase and wages will continue to go up. In turn, companies will push for productivity and engage in more training. Eventually, a homeostasis may be found but this will take time as investments in the U.S. economy continue to improve until it no longer is a lucrative option.
Basic laws of supply and demand are at play here. As something becomes more difficult to find its value rises. It doesn't matter if you are talking about the latest XBOX game or labor supply. Good employees are hard to find and when employment rate dips companies must continually look at lower qualified candidates.
This naturally comes with a cost and improvement in labor conditions; at least for those who are actively engaged in the market. Pressure rises on companies to find candidates, train them to expectations, and then put them to solid work when the unemployment rate is under 5%. As their value and cost rise companies seek to also raise their productivity rate.
This creates a push to increase productivity to reduce the cost of labor and hire fewer employees. Automation and streamlining become popular methods to countering labor costs. In the long run this can create downward pressure on the employment rate but its effects are not felt until a significant time in the future.
Assuming that the economy continues to grow over the next year the pressure on the labor market is likely to increase and wages will continue to go up. In turn, companies will push for productivity and engage in more training. Eventually, a homeostasis may be found but this will take time as investments in the U.S. economy continue to improve until it no longer is a lucrative option.
Thursday, December 24, 2015
Learn to Relax Over the Holidays
The holiday season can be stressful and people spend so much time shopping, cooking, creating, entertaining and visiting they forget to take care of themselves. Holidays are great but they can sometimes be overwhelming unless you do two things.
1.) Stay focused on each task: One of the best ways to get through a trying day getting everything ready is to focus on each task without thinking about the long list of tasks that need to be completed. The minute you start thinking about all the tasks you have to complete the stress level will rise.
If we always thought about how much work we must do to get a degree, lose weight or anything else you wouldn't think it is worth it. Yet by focusing on enjoying each task and living in the present you can enjoy each moment. With luck you can look over the whole day and say you enjoyed it.
2.) Minimize the tasks: The holidays are about spending time with family and friends. We often start out thinking all of these things need to be completed but the reality is that they don't. Holidays are supposed to be simple so it is better to focus on what is required versus what would be nice.
Sometimes we spend a lot of time working on things we don't need to. By minimizing those tasks, starting a few days earlier, or asking others for help we are likely to make things a lot easier on ourselves.
1.) Stay focused on each task: One of the best ways to get through a trying day getting everything ready is to focus on each task without thinking about the long list of tasks that need to be completed. The minute you start thinking about all the tasks you have to complete the stress level will rise.
If we always thought about how much work we must do to get a degree, lose weight or anything else you wouldn't think it is worth it. Yet by focusing on enjoying each task and living in the present you can enjoy each moment. With luck you can look over the whole day and say you enjoyed it.
2.) Minimize the tasks: The holidays are about spending time with family and friends. We often start out thinking all of these things need to be completed but the reality is that they don't. Holidays are supposed to be simple so it is better to focus on what is required versus what would be nice.
Sometimes we spend a lot of time working on things we don't need to. By minimizing those tasks, starting a few days earlier, or asking others for help we are likely to make things a lot easier on ourselves.
Making New Years Your Deadline for Improving Your Financial Position
You must made it through Christmas and loaded your carts full of presents. Some may have emptied their bank accounts, some maxed out their credit cards and others feel almost no pain. With 2015 almost behind you and some time off with friends and family it is time to think about what is most important to you so that you can budget for the future in 2016.
Buying is behavior based in how we see ourselves and what we want. Even though some of our buying is for necessity it is often emotionally driven and often leads us to overspend. The only way to really control your spending and save money for future investment means understanding yourself.
Once you understand what drives you and your spending habits you can control your behavior. First look at your spending patterns to understand whether or not you want prestige, pleasure, dinning, etc... It may take some time unless you have kept track of your spending in a way that will allow you to realize what you are spending on.
Where you are wasting the most money, or not getting the best bang for your buck, you should consider making changing. For example, if you are spending most of your money on eating out try and get into the habit of cooking or finding great deals. Use your past to gauge how well you are doing and save the rest of the money.
Buying is behavior based in how we see ourselves and what we want. Even though some of our buying is for necessity it is often emotionally driven and often leads us to overspend. The only way to really control your spending and save money for future investment means understanding yourself.
Once you understand what drives you and your spending habits you can control your behavior. First look at your spending patterns to understand whether or not you want prestige, pleasure, dinning, etc... It may take some time unless you have kept track of your spending in a way that will allow you to realize what you are spending on.
Where you are wasting the most money, or not getting the best bang for your buck, you should consider making changing. For example, if you are spending most of your money on eating out try and get into the habit of cooking or finding great deals. Use your past to gauge how well you are doing and save the rest of the money.
Wednesday, December 23, 2015
Incomes, Attitudes and Spending Rise Over the Holidays
The Commerce Department reported incomes have risen for the 8th month straight and consumer spending increased significantly in November. To brighten the holiday spirit a U of M report index showed that consumer confidence rose to 92.6. Good news for holiday shopping and the economy.
Approximately 2/3rds of the economy is based on consumer spending. Increases in income, spending and confidence are related and have a direct impact on the economy. As these factors the economy speeds up and further supports more income, spending and confidence.
This is one reason why economies rise in periods and then decline in periods. Unless shocking news and events change people's assumptions economies grow and fall in relative cycles and patterns. It corresponds in many ways to public perception and the time it takes to change that perception.
Pay people more, they feel better and spend more. This relates to way we see our futures and the need to hold tight to money or enjoy life. Until household financial slack is spent this works pretty good as a strategy.
The problem is that wages don't work this way forever. You cant raise wages in a bubble without considering the long-term competitiveness of the country. Wages can only be justified if the business environment allows for increased profits, skill sets, productivity, and opportunities. Growing economies that attract new opportunities can afford wage increase but long-term fundamentals must always be kept in mind. When one outstrips the other you got new problems.
Approximately 2/3rds of the economy is based on consumer spending. Increases in income, spending and confidence are related and have a direct impact on the economy. As these factors the economy speeds up and further supports more income, spending and confidence.
This is one reason why economies rise in periods and then decline in periods. Unless shocking news and events change people's assumptions economies grow and fall in relative cycles and patterns. It corresponds in many ways to public perception and the time it takes to change that perception.
Pay people more, they feel better and spend more. This relates to way we see our futures and the need to hold tight to money or enjoy life. Until household financial slack is spent this works pretty good as a strategy.
The problem is that wages don't work this way forever. You cant raise wages in a bubble without considering the long-term competitiveness of the country. Wages can only be justified if the business environment allows for increased profits, skill sets, productivity, and opportunities. Growing economies that attract new opportunities can afford wage increase but long-term fundamentals must always be kept in mind. When one outstrips the other you got new problems.
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