Wealth Management

Voted #6 on Top 100 Family Business influencer on Wealth, Legacy, Finance and Investments: Jacoline Loewen My Amazon Authors' page Twitter:@ jacolineloewen Linkedin: Jacoline Loewen Profile

November 18, 2010

10 Steps to Get Your Staff Ready for A New Hire

With a new hire, the people within the company may get their feathers ruffled by not being involved early enough. Managers are busy and sometimes it is easier at the time not to bother with managing the human emotions of new hires. I was reminded by Jocelyn Cossar, an expert in managing change, of the importance of getting organized and it really takes such a small amount of time with big pay-offs. Cossar gives The 10 Steps For Good Change. These were appreciated by my client, and I asked Jocelyn if I could share her process:
"Many have said, although sometimes hard to believe, that change is a good thing. We all know that employees resist change because they feel they stand to lose once the change goes through.  A good approach to resistance to change is to see it as an opportunity for engagement. Below you will find a step-by-step guide to change management."
  1.  Consult with employees during the decision-making stage
  2. Discuss with employees the reasons for the change
  3. Ask for feedback on the proposed change
  4. Clarify everyone's role in the change process
  5. Involve employees in the implementation strategy
  6. Develop a timeline on specific actions of implementation
  7. Determine the priority of actions
  8. Provide training on new systems or procedures
  9. Review the progress of the change
  10. Maintain open lines of communication
Jocelyne Cossar, CHRP
HR ON DEMAND
office: 905.582.4379
mobile: 416.333.7081

10 Steps to Get Your Staff Ready for New Hire

With a new hire, the people within the company may get their feathers ruffled by not being involved enough. I was reminded by Jocelyn Cossar, an expert in managing change, the importance of getting organized and who gave Human Resource input about the 10 steps I needed to get in place. These were appreciated by the client and I asked Jocelyn if I could share her process:
"Many have said, although sometimes hard to believe, that change is a good thing. We all know that employees resist change because they feel they stand to lose once the change goes through.  A good approach to resistance to change is to see it as an opportunity for engagement. Below you will find a step-by-step guide to change management."
  1.  Consult with employees during the decision-making stage
  2. Discuss with employees the reasons for the change
  3. Ask for feedback on the proposed change
  4. Clarify everyone's role in the change process
  5. Involve employees in the implementation strategy
  6. Develop a timeline on specific actions of implementation
  7. Determine the priority of actions
  8. Provide training on new systems or procedures
  9. Review the progress of the change
  10. Maintain open lines of communication
Jocelyne Cossar, CHRP
HR ON DEMAND
office: 905.582.4379
mobile: 416.333.7081

November 17, 2010

What Extras Helped Those Who Rose to Leadership?

Why take the time to meet new people and introduce them to others in your network?
High achievers don't turn into leaders, even if they seem to have the right skills, without the power that comes from going beyond the letter of the job and doing what Harvard Business School professor, Moss Kanter, calls "The Extras". 
One that caught my eye is  being a connector. Malcolm Gladwell explored this skill set in his best seller, Blink, and explains why it makes such a huge difference in rising up the business ladder of influence and success. Here's Moss Kanter's comment on being a connector:
Opening doors. Power to the connectors! Those who rise to leadership keep their virtual Rolodex rolling. They know enough about others to spot something of interest to them and pass it on, opening doors or making key introductions. In the new networked companies, connectors are the go-to people, the must-haves at meetings. The effects are viral. The more they connect, the more connections come to them.

November 7, 2010

5 Thoughts to Help Entrepreneurs

Why are the big AHAs of entrepreneurs who kept it going so meaningful? When this recession hit like Hurrican Katrina, we all need voices ahead of us to keep us going. Here is a great list of 5 quotes by Om Malik.
As an entrepreneur, one gets to get too preoccupied with the tactical stuff on a daily basis. So much so that we miss the big picture. In many ways, that is the single biggest mistake we make. When thinking about the big picture, we need to remember a few things. Here is a short list of some of the words of wisdom that have been helpful to me in the recent few weeks. 

November 4, 2010

4 Leaders every team needs

Owners of companies can be very touchy at being boxed or labelled, yet since Aristotle, humans have been put into 4 categories. Here is Paul Maritz, president and C.E.O. of the software firm VMware, a former leader of 10,000 people at IBM chatting about his 4 types he wants on all the teams he manages.
I think that in any great leadership team, you find at least four personalities, and you never find all four of those personalities in a single person.
You need to have somebody who is a strategist or visionary, who sets the goals for where the organization needs to go.
You need to have somebody who is the classic manager — somebody who takes care of the organization, in terms of making sure that everybody knows what they need to do and making sure that tasks are broken up into manageable actions and how they’re going to be measured.
You need a champion for the customer, because you are trying to translate your product into something that customers are going to pay for. So it’s important to have somebody who empathizes and understands how customers will see it. I’ve seen many endeavors fail because people weren’t able to connect the strategy to the way the customers would see the issue.
Then, lastly, you need the enforcer. You need somebody who says: “We’ve stared at this issue long enough. We’re not going to stare at it anymore. We’re going to do something about it. We’re going to make a decision. We’re going to deal with whatever conflict we have.”
You very rarely find more than two of those personalities in one person. I’ve never seen it. And really great teams are where you have a group of people who provide those functions and who respect each other and, equally importantly, both know who they are and who they are not. Often, I’ve seen people get into trouble when they think they’re the strategist and they’re not, or they think they’re the decision maker and they’re not.