We Put "The People" in Working Capital
In the last seven months, one of the largest procedural changes most companies have made is in the hiring process.
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Culture: “Predominating attitudes and behaviors that characterize the functioning of a group or organization.” 1. Good Communication This is a key element for any company to run efficiently. When the lines of communication are open, it promotes the sharing of ideas and decreases the chances of miscommunication. When employees are in sync with one another, projects get completed and morale…
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The definition of culture is: Predominating attitudes and behaviors that characterize the functioning of a group or organization. 1. Gossip This is hands down the fast way to destroy a good company culture. Once employees start spreading rumors behind other people’s backs, the office quickly becomes a war zone. Battle lines are drawn, and nothing can be externally accomplished because…
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1. They feel a lack of trust and/or respect
Trust is a delicate thing, once broken, it is nearly impossible to mend. Respect is important too, not just for the employee to feel respected, but for them to respect the organization they are a part of.
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Part 1: People: Your Most Valuable Asset – The Value of Human Capital in the Factoring Industry
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1. Using a generic job description It’s best to be as detailed as possible when defining the role and responsibilities of a position. How can you determine if an individual is the right fit when you haven’t taken the time to consider the duties they will be performing? To maximize your odds of a successful hire, you should also consider…
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How Things Have Changed My mother went to work for a company in 1955 and retired, after 34 years, from the same organization. Just one office, one job, and one company for all those years. Now, granted, she wasn’t in the Factoring Industry and it was a large corporation, but she felt a strong sense of loyalty to them, through…
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For the Factoring and Asset Based Lending Industry I would love to present you with a special and magical formula that could guarantee every person you hired would be wildly successful and extremely productive, instead of costing you money. The truth is Ponce De Leon had a better chance of finding the ‘Fountain of Youth’ than of anyone ever finding…
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