The objective of any great executive is to attract and retain the best staff while letting the incompetent to exit. It is easy to attract incompetent staff and very difficult to get rid of them. Likewise, when you get the best on board, keeping them is very tough.
For this reason, you must always ensure quality at the door and have a continuous process of identifying the best folks and doing all it takes to retain them. True, no one is indispensable. But there is always cost in terms of learning curve when you lose a good staff.
One of the mistakes a top manager made early in my career was praising me before my seniors.
When I worked on my first job as a temporary staff I was assigned to scan manual clients’ account opening forms into digital format as the institution was migrating from a manual to an automated system. The manual forms had accumulated to a huge backlog. Thanks to my IT skills, I was able to adjust the scanner settings from default to user preference. Within a short period, the backlog was no more. This earned me a spot award prize. At the award, during the general assembly attended by all staff, the MD referred to me as an exemplary performer adding that “I want you to go to [xx] department and change things.”
Unless you have been headhunted, chances are your curriculum vitae (CV) will go through several ‘shortlisting’ stages before the real recruiter looks at it before you land that dream job.
These days, any job advert will attract several applicants. Due to the mundane nature of the recruitment process, several companies have outsourced the function.
Many people are afraid of taking that critical first step to their business success for fear of making mistakes. They are afraid of speaking out their mind for fear of making grammatical mistakes. It is said that the fear of public speaking is one of the top two things in addition to death most people are afraid of.
Kenya Airways net operating loss worrying! Company highly indebted to a tune of Kshs 90 billion as of 31st March 2014Written by MB Mugisa
There may be something wrong at Kenya Airways (KA) investors are yet to know. The region’s leading Airways Company has reported a loss per share of Kshs 2.25 (US $0.025) for the year ended 31st March 2014; a slight improvement compared to Kshs 6.35 in y/e 2013. For published summary financial results, download Table 1.
Will KA’s struggles end soon?
The performance of KA has been wanting for the last few years despite the high investment. Although the Airline’s net loss reduced from Kshs 7.9 billion to Kshs. 3.4 billion, the current loss is still on a higher side considering the capital injected. Financial institutions and other businesses like manufacturers are making lots of profits with considerably low capital invested. Kenya Airway’s return on capital is very low compared to other industries – something making analysts wonder whether investment in air transport is a good bet.
How would you feel if the President of your country appeared at a wedding you are attending? It is both good and bad. The good side is that everything is upgraded to high alert and great class. The downside is that security is over tightened that you get self-restraint to move freely.