Careers and Employment Archives - Page 69 of 129

4 Critical Components To Risk Management Success

November 28, 2022

I spoke to a senior business leader who talked about how the thoughts of navigating the risks associated with some of the business processes he currently manages keep him awake. He leads the segment of his company that coordinates customers’ activities, mobile transactions, and e-commerce payments. Some of the reasons why he was worried were:

Possibility of a hacker compromising customer data for spam or identity theft
The fear that a customer data breach will result in a reputational damage
Concern that someone might use a stolen card to make an online purchase
Thoughts of an employee mistakenly sending confidential data to a wrong email

Addressing all these concerns requires a risk management strategy. An effective risk management strategy is extremely important to mitigate potential risks that might prevent the achievement of business objectives. A survey from EY showed that 84% of board members do not believe their organizations have a highly effective risk management strategy. Risk management strategy is a vital part of the risk management process, which involves the following steps:

Asset Identification & Prioritization

The first step of the risk management process is to identify the organization’s assets, including physical assets, employees, information, and intellectual property. After identification, the assets are prioritized based on criticality. Assets could be classified as high, low, or medium based on their criticality to business operations.

Risk Assessment

This helps to identify, prioritize, and determine how risk is treated. It involves three (3) steps:

Risk Identification – This involves identifying threats and vulnerabilities that place business assets at risk that might impact the achievement of business objectives. Example: What are the threats to data in the data warehouse? What harmful event may cause damage to physical assets? What are the harmful events that could cause danger to company employees at work? What could cause damage to business assets? Is our software susceptible to a malicious cyberattack?
Risk Analysis – Based on information obtained from the risk identification process, the risks are analyzed and prioritized based on the likelihood of a threat’s occurrence and impact.
Risk Evaluation – This examination of the risk analysis results and comparison with established risk evaluation criteria to determine whether the risk is acceptable or additional controls are required to manage or mitigate risk.

Risk Management Strategy

This is the third phase of the risk management strategy. It is also known as risk treatment. It is the approach adopted by an organization to address risk. It leverages the information and results from the risk assessment process which includes identification threat, determining their probability of occurring an impact. It varies based on the company’s risk appetite.

Risk Transfer – This strategy transfers risk to an external party. It is often adopted when a company cannot mitigate the risk associated with a business activity due to a lack of expertise or other complexities. Risk transfer doesn’t discard the risk but transfers the responsibility of risk treatment to another party. An example is hedging an exchange rate risk through a derivative control or outsourcing a software development project to an IT company.
Risk Acceptance – This is also known as risk retention. It applies when an organization is aware that risk related to a business activity is known and accepted because it is unlikely to occur or is within the company’s risk appetite. An example is when a company decides to limit resources allocated to perform review checks for transactions below a set threshold because the probability of fraud occurrence is low.
Risk Reduction – This is also known as risk mitigation. The strategy attempts to prevent a risk occurrence by implementing a control to mitigate the risk. An example is a company implementing a customer feedback mechanism to address customer concerns and avoid customer attrition. Also, human resources can implement an exit interview process to reduce employee turnover.
Risk Avoidance – This strategy eliminates risk from occurring due to costly consequences. It applies where an organization does not engage in a business activity because its associated risk exceeds its risk appetite. An example is when the company considers an opportunity to expand its product line but decides not to continue after analyzing the business plan and discovering that it’s too risky and will significantly impact the organization.

Risk Monitoring

The risk management process is an ongoing exercise. After the risk has been identified and analyzed and an appropriate risk treatment strategy has been determined, there is a need to continuously monitor risk by tracking changes in the environment, its impacts on business objectives, and existing risk management strategies. This process will help adjust strategies as required to ensure they are still relevant and effective.

There is no business without risk. Developing and implementing a risk management strategy that allows business executives to identify, address, and monitor risks is crucial to risk management success. Effective risk management creates a healthy environment to achieve business objectives and helps business leaders identify opportunities and actions they need to take.

If you’re interested in learning more about how risk management can help achieve your business goals or have any questions, please feel free to follow/connect with me on LinkedIn.

How To Recover From Career PTSD After COVID-19

November 28, 2022

We’re seeing a rise in cases of “career PTSD” since the COVID-19 pandemic. If you don’t know what this is, it’s when you’re feeling anxiety and stress related to work. You feel in a funk. You feel like you can’t find the right career or job for you.

Maybe you quit during the Great Resignation and haven’t been able to find the right job. Or maybe you’re really out of it at work and you want to fix it. But you’ve got depression. You’ve got anxiety. Work stresses you out.

Why do you feel this way?

Well, during the pandemic, we all had to juggle so much. Mental safety, physical safety, our health, our family, our friends, our work. And now, as we’re trying to come back to some normalcy, our body’s sort of catching up with us, and it’s giving us a hard time.

So, what can you do to recover from this career-related post-traumatic stress?

Microlearning!Â

@j.t.odonnell Do you have COVID Career PTSD? #careertok #jobtok #jobs #careers â¬ original sound – J.T. O’Donnell

The solution lies in something called microlearning.

Microlearning occurs when you stop and take a minute or two to learn something. You’re curious and that changes you. It’s firing some synapses in your brain and you’re getting little dopamine hits. You don’t need to (and shouldn’t) do hours and hours of learning every day. Just a few minutes would be a great start because your brain is going to get more curious. You’re going to see more and you’re going to want to learn more. And you’ll actually get to a point where you’re ready to learn. Then you’ll ask yourself, “What’s something I need to learn?”

This is where the choice becomes paramount because the secret to getting back to health is feeling a sense of control and the way we feel control is through choice. If you choose to engage in microlearning today, you’ll eventually get more curious, but you’ll choose what you want to learn and you’ll be able to feel that sense of control again.

Microlearning is the secret to regaining that sense of control that you lost during COVID-19 and reigniting your motivation in your career. Trust me, I’ve been doing this for 20 years. I know it works. This is what my company has been helping people with.

With Work It Daily’s Event Subscription, you can choose what you want to learn. It’s an affordable resource that you can use to try the microlearning process and get your sense of control back. There are thousands of people in there right now, all talking to one another, learning together, and getting their mojo back. I hope you decide to join them. Your future professional self will thank you.

Two Weeks After An Interview With No Response: Quick Tips

November 28, 2022

If it has been two weeks after an interview with no response, itâs only natural to wonder what that means for you. Are you officially out of the running? Has the hiring process been delayed? Should you follow up? This guide will help you understand why this happens, and what you should do next. Potential […]

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Summary Sunday: Issue #497

November 27, 2022

With Thanksgiving holiday in the rearview reflection, I wish to remind you towards keep your job look for active throughout the typically the following month. Hiring is definitely still happening and Dec is a great 30 days to job search! To be able to help you pull this pieces of job seek together, this week’ t summary addresses: Please reveal and follow any involving these […]

The article Summary Sunday: Issue #497 appeared 1st on Career Sherpa .

3 Sneaky Ways To Research A Company

November 22, 2022

When you apply for a job, it’s important to do your homework on the company so that when you get a job interview and your interviewer asks, “What is it about us that drew you to our company?” you aren’t left stumped or jobless.

Not only that, but it’s important to figure out if the company is a place YOU would enjoy working at. So, before you send off that resume, check out these sneaky ways to research a company:

Learn About The People Who Work At The Company

Most companies have a staff page on their website. On this page, the company will list some, if not all, of the employees at the company. Here, you can get the names (and sometimes contact information) of people who you’d be working with if you got the job.

How to learn more:

Check out their LinkedIn profile to see what kinds of work/projects they do.
Start a conversation with them.
Request an informational interview.

Warning: Don’t be creepy or demanding when contacting these people! Simply reach out to them in a professional manner, introduce yourself, and tell them you’re interested in learning more about the company and work environment. If they respond, go you! If not, move on and leave them alone.

Find Out What The Company Is Sharing On Social Media

These days, everyone is on social mediaâincluding employers. Look them up on Facebook, Twitter, LinkedIn, YouTube, Pinterest, TikTok, and so on. Look closely at what they’re tweeting, posting, or filming. This is a great way to get a feel for the company’s values.

When browsing the social channels of companies, ask yourself these questions:

What events are they promoting?
What articles are they sharing?
How are they interacting with their followers?

Take note of anything that jumps out at you. If something fascinates you, mention it in your cover letter or interview.

See What The Employees Are Saying

Ever wished there was a place that rated companies based on how much people like working there? Well, now there is! Sites like Indeed, Glassdoor, and Comparably are great places to learn about a potential employer and how people like working there. With these sites, individuals can comment on the company’s benefits, culture, work, and more. Not only that, but they can rate a company based on how much they like working there.

You can also learn more about salary and past interviewing experiences! According to Indeed’s Employer Branding Survey, 83% of job seekers say their decisions on where to apply are influenced by employer reviews.

So before you apply for a job, make sure you do your research. Doing a little research can go a long way in your job search. Don’t be lazyâlearn more about your dream company now!

Need more help with your job search?

We’d love it if you signed up for Work It Daily’s Event Subscription! Get your career questions answered in our next live event!

This article was originally published at an earlier date.

What To Do When You Get Laid Off From Work: A Full Guide

November 22, 2022

Figuring out what to do when you get laid off from work can be a challenge. Youâre suddenly in a completely different situation than you were the day before, and the emotions from this shakeup certainly donât make things any easier! This list will help you learn what to do when you get laid off […]

The post What To Do When You Get Laid Off From Work: A Full Guide appeared first on Career Sherpa.

Why A Job Posting Feels Like A Scam (When It’s Not)

November 21, 2022

If you feel like many of the job postings you come across in your job search are scams, you’re not alone. You are not the first job seeker to tell me they feel this way. But we have to think about where this comes from.

The Job Application Process Is A Broken System

@j.t.odonnell Replying to @nana_5075 Why job listings feel like a scam… #jobs #careers #careertok #jobtok â¬ original sound – J.T. O’Donnell

Back in the day, a company would post a job in the want ad section of a newspaper, so you’d have to open up a newspaper, read through it, write up a resume and cover letter, and snail mail your application off to them. When the idea came to post jobs online, it meant more people who were the right fit could apply. But over time, that’s broken down.

Now thousands of people will apply for one job when it gets posted. And many of those job applicants are not a fit. So employers now have to hire recruiters, who are also called sourcers, to go through thousands of applicants so they can whittle it down to about 50 qualified applicants. What’s the rhyme or reason they’re using to select some applicants and screen others out?

This is why you don’t get calledâbecause it’s just so random.

After employers get down to 50 applicants, they look through those, find a few they like, and call them. That’s why only 3% of people who apply online ever hear back from companies.

It’s a completely broken system, so I can see why it feels like a scam. The whole thing is flawed.

So, how do we improve this system? It starts with making better matches, getting back to a place where only the right people are applying to the employer. We actually want fewer applicants, but more of the right applicants. That’s the solution. And there are hundreds of millions of dollars in this industry trying to figure it out. But the one thing we have seen is that storytelling is one of the ways to do that.

You’re going to see a rise in companies telling their stories. And there’s a fancy term for this in our industry. It’s called employer branding. Companies will tell their stories on social media platforms like TikTok so that those stories fatefully, naturally, and organically show up in your feed. But it’s not fate, right? It’s the algorithm at workâand before you know it, you’ll start to see companies that feel like a fit. Then you’ll go over and check them out. You’ll see that there’s a job posted that you’re fit for. And this is how this matching process will start to fine-tune itself.

Right now, yes, you’re right. Those online job postings don’t work. They don’t work for either side. We need a better system. And storytelling is the key. So go learn how to conduct a proactive job search today so you can finally land a job and work for an employer you actually like!

Need more help with your job search?

I’d love it if you signed up for Work It Daily’s Event Subscription! I look forward to answering all of your career questions in our next live event!

7 Tips For Writing Job Application Email Subject Lines

November 21, 2022

Being able to write a good subject line for a job application email is crucial. The message you send and the strength of your resume wonât matter if your email never gets opened! This guide will teach you how to craft an effective subject line when sending out these emails, and why itâs important. Table […]

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Summary Sunday: Issue #496

November 20, 2022

Get up-to-date information to assist you job research better and faster! This particular summary is all about taking manage over the things you are able to and understanding trends you may use to your advantage. Because we head into the last months of the 12 months, there’ s the common pattern of layoffs. Even though like we’ ve observed in the past couple of […]

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Why Failure Is A Key Ingredient For Success

November 18, 2022

Failure is a negative word. No one wants to fail. Many of us do all we can to avoid the risk of becoming “failures.” But have you ever considered what “failure” actually is?

Let’s think about it from a different perspectiveâas another step in life that takes us towards whatever we do next. Not everything we do is going to work out exactly as intended. But if you are failing, you must be the kind of person who is prepared to take some risks. And that means you are far more likely to ultimately reach your potential.

Failure isn’t the problem. Fear of failure is. You need to change your perspective and recognize failing can be the key to achieving success.

Failure Is An Effective Teacher

“Failures are finger posts on the road to achievement.” âC.S. Lewis

It’s easier to learn from failure than from success. It gives you the chance to analyze what’s not working and do something about it.

Even if some factors seem to be out of your control, think through what they are. Can you do anything to reduce their impact? Or is there a way of gaining greater control of them?

Failure Makes You Resilient And Persistent

“I have not failed. I’ve just found 10,000 ways that won’t work.” âThomas A. Edison

By failing and then using what you’ve learned from the experience, you have the potential to become more resilient and more persistent. The more persistent you become, the less likely it is that you’ll be emotionally affected by not getting the outcome you hoped for. And that gives you a better perspective for analyzing what needs to be done to move you toward success.

Every “failed attempt” simply becomes a new learning experience to fine-tune your efforts.

Trying And Failing Is Far Better Than Not Trying At All

“I knew that if I failed I wouldn’t regret that, but I knew the one thing I might regret is not trying.” âJeff Bezos

If something is worthwhile, it’s probably going to take quite a bit of work to achieve. So, build into your plans the expectation that it could require significant effort. But until you try, you will never know. And even if it doesn’t work out, you’ve given it a go and will have learned from the experience.

If you’re so busy worrying about failing that you never find the impetus to move forward, then visualize yourself in 12 months’ time dealing with a sense of regret for never even attempting it. Which feels worse?

When It’s Time To “Fail”

If you’re not afraid to fail, it will give you another valuable ability. And that is being able to recognize when giving up on a particular goal is the right course of action.

Perseverance is important and you should never become the type of person who gives up simply because something is harder than you’d expected or taking longer than you’d hoped. But maybe you or your situation has changed and your goal is no longer relevant. Maybe your skills and talents are better off applied elsewhere now that time has moved on. Or perhaps you’re doing the same thing over and over again in the vain hope of a different result.

If you’ve given it your very best shot and it still isn’t working, it’s time to change your approach. Would you call that failing? Or just applying some common sense about where to direct your energy?

Failure Is An Important Part Of Life

Think about your past and you’ll probably be able to spot times when making a choice that wasn’t successful helped refine your approach and eventually took you toward a better outcome.

Start viewing failure as a learning opportunity, use the lessons you gain from it, and take the first steps to setting yourself up for success.

Need more help with your career?

We’d love it if you signed up for Work It Daily’s Event Subscription! Get your career questions answered in our next live event!

This article was originally published at an earlier date.

Executive Spotlight: The Technology Every Executive Needs To Know How To Use Right Now

November 18, 2022

If you want to be an effective leader in your industry, you need to know how to use technologyâspecifically, the types of technology that are relevant to your job. Nobody wants to work for a manager who isn’t tech savvy. Not knowing how to use technology is the surest way to become irrelevant in your career. For executives, the need to stay up to date on technology is greater, since there is always a younger, more relevant leader moving up the ranks who knows how to use the technology that could take your company to the next level.

We recently asked our successful leaders what they think is the technology every executive should know how to use right now.

Here are their responses…

Michael Willis, Sports Business Operations Executive

In finance/accounting, the Microsoft Office Timeline is a handy tool for what I do. It is easy to understand how multiple possibilities for creating a timeline are. With them, we can better understand the relationship between important events, analyze the evolution of individual stories, understand turning points, and, ultimately, visualize how one event influences, or does not influence, the other. Timelines can show not only current data but I can also create a visual history of multiple years.

Timelines can take on many different displays. You can design linear timelines with flags of important dates or deadlines.

You can also create a vertical timeline to show top-down or bottom-up data.

What I like most about timelines is the visual way I can tell a compelling story.

I can quantify these stories with visual effects.

Lastly, timelines in Microsoft keep expanding its reach in all types of visual possibilities. The possibilities are endless!

Michael Willis has 18+ years of experience working with accounting & sports organizations and has managed P&Ls of $10M – $125M+ with budgets of $3M-$50M+. He worked for the NFL for 22 1/2 years, mainly with the game officials working on the financial/accounting side of the business.

Maria Grandone, Director In Higher Education

As an educator and administrator, I enjoy helping young adults as well as adult learners with their academic journey. In my role, I oversee policies and procedures that help support student learning and success. Therefore, I implement multiple innovation projects to support students and meet them where they are.

My solution is Monday.com. The Work OS work management platform helps my team manage projects and workflows more efficiently. The project management includes the scope, time, and budget. What I like about Monday.com is that is a very easy and intuitive all-in-one work platform that uses apps and integrations to create a custom workflow for the project. Its versatility helps me (as well as my team) stay on track and the integrations with apps such as Outlook, Microsoft Teams, Gmail, and Excel, allow me to easily continue working with my favorite tools from within the platform.

Since I work on several projects, Monday.com software allows me to assign tasks and prioritize what’s most important for the team to execute. To do this, I break down the components by color and timeline. For example, our digital badge project had a short implementation timeline, milestones, and deliverables. The platform allowed me to manage the entire workload all in one space.

My biggest takeaway: the platform fosters creative collaboration with my team and other departments. More importantly, the collaboration is seamless and provides visibility into the progress of our work. It saves time and money. You may want to give it a try!

Maria Grandone is dedicated to student access and success, particularly of underrepresented students in higher education. She loves to wake up early to meditate, go for an early morning run, and meet people from all walks of life.

Steve Barriault, Global Technical Sales Management

Sales and field engineering have in common that they both are customer-facing positions. You get to meet lots of people in customer meetings.

If you are an executive in these types of occupations, you also must recruit at times. That means even more meetingsâaka interviews.

Add necessary internal meetings to the mix, and it makes for a busy calendar.

Clients get priority, and I negotiate mutually agreeable timings. But for interviews, I go with Calendly.

There is simply no way I can spend valuable time negotiating interview timings piecemeal. Instead, I send candidates links. They pick and choose their own time. Problem solved!

Calendly integrates with my Google calendar, meaning it won’t double-book me. It will also enforce time zones when I am not available (4 am is a tough sell for me!) and not let candidates book time over “focus time.”

I wouldn’t say that this tech is all-purpose. I would not dream to ask clients to pick a time on my Calendly link. But if you need to recruit folks into your team, it can be a lifesaver.

Steve Barriault is a multilingual presales, sales, and business development management professional with 20+ years of experience in the sales and marketing of software & technological solutions worldwide. He’s built sales infrastructure from the ground up, going from $0 to millions of $ through both direct sales and distributors.

Mark Taylor, Product & Operations Executive

Reporting and analytics. The primary means of gaining insight into your business. The challenge is, itâs easier for them to be wrong than right. Incomplete data, stale data, the wrong data source, the list goes on.

How might you âtrust but verifyâ that the information you are making business decisions on is correct? Taking a dump of the raw data and creating a pivot table in Microsoft Excel is a simple way to gain insight.

There are added benefits too. For example, you see firsthand the quality of the underlying data. You might unearth assumptions that were made when the reports were initially created that are now incorrect. Again, the list goes on.

Sixty minutes of pivot table creation and analysis every reporting cycle seems like a small price to pay for the sense of security that comes from knowing that key business decisions are based on firm data foundations.

Mark Taylor has 20+ years of risk, technology, and product management experience working in global and regional financial services firms in the UK and the U.S. He’s managed teams of 40+, successfully addressed 100+ regulatory issues, and has saved companies $15M+.

Don Schulz, Senior Operations & Commercial Real Estate Executive

Executives need to ensure they are operating at a strategic level and avoid getting buried in day-to-day details. To do this well requires a clear understanding of your company’s rhythm of business (ROB). It is therefore imperative that executives have a good ROB technology tool to help them easily see the âbig picture.â

TeamUp is a free, easy-to-use tool that allows for easy displaying of ROB events of various durations and frequencies throughout the year. For executives, they are strategic and include things like annual planning, budgeting, product releases, financial reporting, shareholder meetings, significant company events, etc. Events are color-coded by function, type, team, etc., making them easy to see in aggregate and giving executives a quick, easy-to-digest understanding of key events over the next month, quarter, or year. It is very easy to turn events on or off to simplify or add to a display as needed. We used TeamUp to manage a midsize company’s ROB very effectively.

Rhythm Systems is a more complex and robust tool. It takes a greater time investment up front to get data in and to build proficiency. Although we reviewed it but, ultimately, did not implement it, I know of others that swear by its value.

The primary point here is that all businesses need to effectively manage their ROB and a good technology tool is key to doing it well.

Don Schulz is a 25+ year commercial real estate executive & COO. On the personal side, he likes to ski, hike, golf, and run, and is an occasional homebrewer.

Melodie Turk, Learning Experience Executive

Every executive needs to know how to post on social media platforms, as well as use their unique features.

With the amount of information being exchanged publicly, as well as within an organization, having a good understanding of how social media platforms work is essential.

Whether it’s short messages, longer articles, infographics, or even a video message, knowing how to post it yourself will save time. No need to work with the marketing team or some other tech-savvy individual. Your message can be posted to make an immediate impact on your audience.

In addition, knowing how to set up a new group, start a video chat, record a video chat, and share from any of those features will make your life and those that work with you much easier.

Externally, you’ll want to learn how to post on LinkedIn, Twitter, Instagram, and even Tiktok. Internally, Slack, Yammer, Workplace Facebook, and Microsoft Teams. Once you get familiar with a couple of platforms, the learning curve isn’t so fierce, and before you know it, others are coming to you for advice.

Melodie Turk is a learning experience executive with a unique background in the learning and development arena as well as change management. She is passionate about bringing change to the workplaceâchange that is meaningful and change that will last.

Lisa Perry, Global Marketing Executive

The global augmented reality (AR) and virtual reality (VR) market is expected to grow to $209 billion by 2023. Consumers currently own 26 million VR headsets globally. VR and AR is the technology that marketing executives need to consider to drive innovation, consumer engagement, and relationship building.

Virtual reality (VR) is a simulated real-world experience that can be interacted with in a seemingly real or physical way using special electronic equipment. VR is an excellent opportunity for businesses to create an immersive experience that promotes engagement through:

Employee Training: Virtual training environments, doctors trying out new tools, pilots utilizing flight simulators, teachers testing teaching methods in a virtual classroom, and virtual boot camps.
Events: 360-degree view of an event room set up to attending an event in the form of an avatar.
Marketing, Sales, & Retail: Visit virtual showrooms and pop-up or retail locations, interact with sales reps, and try out the merchandise.

Augmented reality (AR) augments your experience of the real world, enhancing it with sound, touch, and smell. AR is designed to add to the things you already do, like work, play, shop, explore, and have fun.

Try Before You Buy: Excellent way for customers to try products before they buy (clothing, cosmetics, jewelry, cars).
User/Instruction Manuals: Digital interface that displays the content visually during setup, configuration, troubleshooting, maintenance, and demonstration.
Marketing Materials: Scan marketing materials with your mobile device to access various features (video, speak with customer service, access a digital coupon).

The potential is enormous. Are you prepared for the future?

Lisa Perry helps companies build leadership brands, driving loyal customers & delivering profitability. She does this through a process that builds brands consumers love. Her goal is to help companies develop, monetize, and grow their brands.

What technology do you think every executive needs to know how to use right now? Join the conversation inside Work It Daily’s Executive Program.

No. 1 Way To Get A Job WITHOUT Applying Online

November 17, 2022

Are a person looking for a brand new job but not hearing back again from employers? Have an individual been signing up to countless work online with little for you to no success? If therefore, performs this drain almost all of your energy, and they are you curious about just what other tips you could incorporate?

Well, we’re going to help share a big magic formula with youâ¦ the amount one way to obtain a job is simply by circumventing the applicant monitoring system!

Within this training, youâll learn to:

Be familiar with disruptive job search strategy that will get anyone results fast
Develop a personal brand name to market yourself successfully
Set yourself in the route of recruiters and employing managers

Join our own CEO, J. T. O’Donnell, and Director of Coaching Development & Coaching, Christina Burgio, for this reside event on Wednesday, Nov 30th at 12 evening ET.

CAN’T ATTEND RESIDE? That’s alright. You’ll have access towards the recording as well as the workbook after the session!