Showing posts with label Financial adviser. Show all posts
Showing posts with label Financial adviser. Show all posts

Sunday, 14 September 2014

Efficiency At Work: How Leaders Should Manage Teams

by: David Shoemaker


Working as a team leader can be challenging. There are so many pieces that need to come together in order to create an efficient work environment. Leaders are specially prepared for certain issues in executive leadership training, but there are still many unexpected issues that arise in the workplace. For example, social loafing and group norms are challenges that need to be handled carefully. In order to learn how to effectively deal with these problems, it’s important to first understand what they are.


Group norms are guidelines or operating principles that everyone understands and agrees upon. Groups benefit from having strong norms. However, norms don’t just evolve. Especially when groups are made up of diverse individuals, it’s important that they don’t take norms for granted. Executive leadership training explains that the difference between satisfied and productive group members and group members who are frustrated is often the difference between groups that have well-established norms and those that are floundering.


The next issue that can arise involves something called social loafers. Social loafing is when group members get away with not doing their share of work and when other group members let them get away with it. Sometimes this occurs if a worker is likable, other times it occurs because the other group members just don’t want to speak up about the other’s performance. It’s important to speak up and to be proactive. Right from the beginning, group members need to know what will happen to social loafers. If the group has specific operating principles in place, and everyone understands the consequences, social loafing is much less likely to occur.


Similarly to executive leadership training, in financial management courses future managers are taught the importance of honestly addressing social loafers because they can affect productivity negatively. Financial managers learn how to communicate with different levels of executives as well as communicate strategies, which is important in motivating people to meet goals. It is the financial manager’s job to deliver results, which directly depends on the success and organization of their team.


It’s necessary to have an organized and cohesive team in order to thrive. There are ways to see if you have a cohesive team on your hands. For example, you should first think back about all of the teams that you have belonged to whether it is in the organization you are in now or in previous positions that you may have held. If you think about the best group experience you have ever had, chances are that you are thinking of a highly cohesive team. A cohesive team works together, and you feel valued. You feel your contributions are valued and that people listen but may not necessarily agree. In fact, one of the hallmarks of a cohesive team is that members feel comfortable disagreeing with one another but do so respectfully. Financial management courses discuss how managers should deal with disagreement respectfully in order to be successful.


Overall, leaders can successfully manage their teams by recognizing social loafing before it negatively affects the rest of the group members, harming morale and the team’s performance. Also, managers can be effective by communicating honestly with all team members. Organization, strategy, honesty, and speaking up are keys to establishing strong group norms and ensuring that diversity is a positive influence on the group.


Source






The post Efficiency At Work: How Leaders Should Manage Teams appeared first on Robert JR Graham.


Friday, 22 August 2014

ETFs Should Be In Your Portfolio

Investment Advice: Exchange Traded Funds As Part Of Your Investment Portfolio

by: Kathryn Dawson


‘What should I invest in?’ This is the most pertinent question for most individuals striving to formulate a financial plan. Zillions of books and millions of web pages are not sufficient to answer this question. This is because investment advice is not universal and one size does not fit all. It changes as per the unique situation and specific requirements of every individual. Thus, it is essential to consult an investment expert personally to devise a customised financial plan.


For their investment and retirement plans, many people do not want an actively managed portfolio but would rather invest in the lower cost option of passive funds, which will just track the selected market index. There are currently two main options available for passive investment: tracker funds or ETFs.


Investment Advice: Understanding ETFs


Seek investment advice on ETFs to understand how they could form an important role in your portfolio. According toCNN financial experts, ETFs are “invented to combine the simplicity and low costs of index mutual funds with the flexibility of individual stocks”.


The main advantages of investing in ETFs are:


• Ability to track a wide range of market indexes, like the FTSE, S&P 500 etc.


• Diversified, global portfolio can be constructed relatively simply


• Costs can be low, but smaller investors should keep an eye on total costs of investment


• ETFs can be traded like shares


Why Investment Advice is Essential for Trading ETFs?


Investment advice from your financial advisor will help you build a well diversified portfolio that achieves your long term objectives. ETFs could form an important part of this portfolio as by buying a limited number of ETFs you could have a global, well diversified range of investments that track key market indices.


Investment Advice on Buying an ETF


Do consult with your financial advisor, as they will be able to recommend an approach that fits in with your retirement and investment goals. They will consider which range of ETFs will fit in with your overall portfolio of investments, so that it is well diversified, suitable for the level of risk you find acceptable. Your advisor will also consider the total cost of investment and the tax implications of your investments.


Here are some tips for choosing an ETF:


• There are a large number of ETFs, across a broad range of markets available. Be clear about your objectives and do your research


• Choose ETFs with proven performance records or those listed on broad market indexes.


• Try to diversify your portfolio by investing in four or five ETFs. Diversification is a smart investment option, as it diffuses the amount of risk associated with a particular product.


Keeping it simple is the best strategy for smart ETF investments. Although ETFs are not very complicated products, it is prudent to consult with a financial advisor London. They help to blend ETFs with other investment products to create a comprehensive portfolio. You can also seek other financial services, such as inheritance tax advice, SIPP investment and retirement planning, from an expert financial advisor.


Source






The post ETFs Should Be In Your Portfolio appeared first on Robert JR Graham.


Thursday, 14 August 2014

Efficiency At Work: How Leaders Should Manage Teams

by: David Shoemaker


Working as a team leader can be challenging. There are so many pieces that need to come together in order to create an efficient work environment. Leaders are specially prepared for certain issues in executive leadership training, but there are still many unexpected issues that arise in the workplace. For example, social loafing and group norms are challenges that need to be handled carefully. In order to learn how to effectively deal with these problems, it’s important to first understand what they are.


Group norms are guidelines or operating principles that everyone understands and agrees upon. Groups benefit from having strong norms. However, norms don’t just evolve. Especially when groups are made up of diverse individuals, it’s important that they don’t take norms for granted. Executive leadership training explains that the difference between satisfied and productive group members and group members who are frustrated is often the difference between groups that have well-established norms and those that are floundering.


The next issue that can arise involves something called social loafers. Social loafing is when group members get away with not doing their share of work and when other group members let them get away with it. Sometimes this occurs if a worker is likable, other times it occurs because the other group members just don’t want to speak up about the other’s performance. It’s important to speak up and to be proactive. Right from the beginning, group members need to know what will happen to social loafers. If the group has specific operating principles in place, and everyone understands the consequences, social loafing is much less likely to occur.


Similarly to executive leadership training, in financial management courses future managers are taught the importance of honestly addressing social loafers because they can affect productivity negatively. Financial managers learn how to communicate with different levels of executives as well as communicate strategies, which is important in motivating people to meet goals. It is the financial manager’s job to deliver results, which directly depends on the success and organization of their team.


It’s necessary to have an organized and cohesive team in order to thrive. There are ways to see if you have a cohesive team on your hands. For example, you should first think back about all of the teams that you have belonged to whether it is in the organization you are in now or in previous positions that you may have held. If you think about the best group experience you have ever had, chances are that you are thinking of a highly cohesive team. A cohesive team works together, and you feel valued. You feel your contributions are valued and that people listen but may not necessarily agree. In fact, one of the hallmarks of a cohesive team is that members feel comfortable disagreeing with one another but do so respectfully. Financial management courses discuss how managers should deal with disagreement respectfully in order to be successful.


Overall, leaders can successfully manage their teams by recognizing social loafing before it negatively affects the rest of the group members, harming morale and the team’s performance. Also, managers can be effective by communicating honestly with all team members. Organization, strategy, honesty, and speaking up are keys to establishing strong group norms and ensuring that diversity is a positive influence on the group.


Source






The post Efficiency At Work: How Leaders Should Manage Teams appeared first on Robert JR Graham.