With age comes wisdom, but all too often in the business world, hubris can come along for the ride too.
After finessing business decision making for decades, executives naturally begin to conclude that their specialised knowledge, expertise and business skills mean that they always know the best way to solve a client problem, to win a major account, or to drive a workplace innovation.
After all their past successes confirm this. Subconsciously survivorship and confirmation biases are at work; good decisions are reinforced, and poor ones are forgotten – which distorts their real importance.
So, can these experienced executives learn something from Millennials? Absolutely! (more…)
This week (5-9 March) marks National Careers Week, it highlights the importance of good careers education and support for young people leaving education. The week brings together schools, colleges and universities with employers to showcase best practice in careers guidance.
Work experience can help kickstart a career for young people, but it also offers many great opportunities for employers too. If managed effectively, a well-structured work experience programme can deliver returns from bringing in fresh insights, through to training the next generation of talent with the skills your business need. So, this National Careers Week we’re looking at how and why more SMEs can reap the rewards of offering work experience. (more…)
Many companies are enthusiastic about creating opportunities for younger people to gain business experience and skills in shorter placements, often labeling these as work experience or internships.
While larger businesses frequently put internship schemes in place, many smaller businesses can be put off offering these opportunities because they view them as an extra administrative burden.
Many small business owners hold the misconception that they would take up large amounts of time, money and effort but this is not always the case. In fact, providing such opportunities can bring tangible benefits for smaller employers.
Here’s what every small business owner needs to know about offering work experience and internships; (more…)
‘If you think training is expensive, try ignorance’
This oft-quoted phrase, attributed to Peter Drucker, is frequently used when businesses say they ‘can’t afford’ to train or develop their staff.
So it’s worth asking yourself how much ‘untrained ‘or ‘undeveloped’ staff are costing your business – now and, potentially, in the future? (more…)