Business
How to Improve Motivation in Your Contractors
![Improve Motivation in Contractors](https://thebusinessanalytics.co.uk/wp-content/uploads/2023/09/vitolda-klein-lAqSzwr5eQc-unsplash.jpg)
The difference between a well-managed project and one that is mired with issues can influence the outcome. One of the key differences isn’t due to management style, but instead down to the motivation and morale of your workers. If the management doesn’t care about health and safety, someone somewhere will slip. If the management is micromanaging or hostile, then that will permeate through your staff until morale drops, and suddenly, there’s in-fighting and broken teamwork.
This poses enough problems in itself when you’re dealing with office politics, but when you’re out in the field working on a construction job, building a manufacturing plant, or dealing with heavy-duty industrial projects, the consequences can be life and limb.
Improving motivation in your contractors will improve site safety, boost morale, and make the project a positive experience. It’s how you’ll get the top pipe fitters, welders, mechanical engineers, and so on back again and again. It’s how you’ll get speedy and top-notch work from short-term workers like brick layers or scaffolders. It is also how you’ll get employees to stop looking at their work as just a pay cheque and instead as a positive move forward for their career. Motivation is everything, so use these top tips to help boost the motivation and morale of your contractors.
Tips To Boost The Motivation Of Your Contractors
![Tips To Boost The Motivation Of Your Contractors](https://thebusinessanalytics.co.uk/wp-content/uploads/2023/09/raze-solar-eFOkg4ZMiBs-unsplash-1024x683.jpg)
1. Pay For Their Accommodation
If you need your riggers or road construction workers nearby for more than a day, put them up. This applies to many different kinds of jobs as well. You may have workers building a set for a movie, for example, and need a place to house both them and the location agents from the film studio. You can do all this and more just by finding great accommodation. To make things easy for you, use comfyworkers.com.
After all, the last thing you want is for your electrical engineers or crane operators to not be properly awake when working on dangerous, life-threatening jobs, and film crew members work unpredictable hours, so give them all a place to rest without having to deal with multiple-hour-long commutes.
2. Offer Healthy Meals and Snacks
A great way to keep all your construction crew and contractors well-fuelled, motivated, and energetic is to offer healthy meals and snacks. You can buy trays of sandwich options, for example, and have these available in the break room throughout the day. You should also have fruit, tea, and coffee and space for workers to store their own meals (and reheat them), so everyone stays well fed, regardless of how prepared they came into work.
3. Cultivate Longstanding Relationships
Every worker does better when they see a future for themselves, not just an end to a means. If you actively rehire contractors that have worked well for you in the past, then every single employee you have on-site is going to work that much harder for you, especially if you’re a good manager and offer key health and safety benefits like accommodation and free meals.
For best results, have talks with your contractors to let them know about the future jobs that you’ve put in a bid for, so they actively know that you’re thinking of them and have future work lined up.
4. Improve Your Management Style
You need everyone to stay on task, which means being organized, efficient, and fair. You also need to be able to handle any problem that comes your way, from dealing with interpersonal relationships to even having a difficult conversation with your supplier. Being fair and firm and giving your contractors space to do their jobs is key to your success.
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Business
LinkedIn Rolls Out AI Assistant for Premium Members
![LinkedIn Rolls Out AI Assistant for Premium Members](https://thebusinessanalytics.co.uk/wp-content/uploads/2024/06/LinkedIn-Rolls-Out-AI-Assistant-for-Premium-Members.jpg)
LinkedIn is currently testing an AI assistant for its Premium members, integrating Microsoft’s advanced AI technology. This initiative marks LinkedIn’s first significant consumer-facing AI product, expanding beyond its traditional enterprise-focused services.
Why It Matters: This development places LinkedIn alongside other social platforms like Snapchat and Instagram, which have already introduced similar AI features. The move underscores a growing trend where social networks leverage AI to enhance user engagement and provide personalized experiences.
Background: Previously, LinkedIn launched several AI tools aimed at recruiters and job seekers, including AI-assisted candidate discovery and AI-powered coaching tools. The tease of a consumer AI assistant last year set the stage for this broader rollout to Premium users, which has been picking up pace in recent weeks.
Details of the AI Assistant: The AI assistant feature on LinkedIn prompts users to explore more about companies or topics mentioned in posts within their feeds. This feature combines insights from LinkedIn’s vast user base and data from Microsoft’s Bing search engine to deliver comprehensive information.
How Does It Work?
When users interact with a feed prompt, they’re directed to a chat interface where they can ask the AI assistant for further details. This interaction is labeled as “Powered by Bing,” ensuring transparency about the source of the information. The responses are tailored to the user’s professional background and skills, enhancing the relevance of the information provided.
Privacy and Personalization: The chat feature includes a disclaimer about its beta status and potential for errors, with a note that Microsoft’s privacy policy may apply. This is part of LinkedIn’s effort to maintain transparency and user trust as it rolls out new AI capabilities.
LinkedIn’s introduction of this AI assistant is just one part of a broader strategy to integrate more AI-driven tools into its platform. These tools are designed to connect users with relevant content and insights, potentially accelerating career growth and enhancing professional networking.
As AI technology continues to evolve, platforms like LinkedIn are finding innovative ways to harness these advancements to benefit their users. This new AI assistant for Premium members could transform how professionals interact with content and gather insights on LinkedIn, making it a critical tool for career development.
Business
Harold Goldstein’s and Lilo Alfaro’s Practical Approach to Social Responsibility
![Harold Goldstein and Lilo Alfaro](https://thebusinessanalytics.co.uk/wp-content/uploads/2024/03/scrnli_07_03_2024_07-36-18.jpg)
At the heart of organizational success lies a partnership between leadership and social responsibility. It’s not just a corporate checkbox; it’s where the influence of leadership goes beyond business boundaries.
Lilo Alfaro and Harold Goldstein of OPAD Consulting have unique stories that exemplify such influence. These leaders bring diverse experiences and perspectives, going beyond organizational growth and societal impact.
Social responsibility in the corporate world fosters positive public perception and builds trust. It benefits communities and enhances employee morale, creating a more sustainable and ethical business environment.
Harold Goldstein’s Perspective
Harold’s journey to executive roles in big companies like Levi and Johnson & Johnson has shaped his perspective. These experiences provided the foundation for his current role as CEO at OPAD, where he emphasizes social responsibility as providing “direction, process, and accountability.”
Social responsibility impacts organizations by fostering positive public perception, building trust, and enhancing employee morale. In an interview, Harold delved into the nuances of fear within organizations. He acknowledges leaders’ accidental creation of fear that hinders taking social responsibility.
Therefore, he leads his company with humility and transparency, creating an environment where fear is recognized and managed. This provides OPAD’s workforce with a chance to thrive in their careers.
Presently on the board of Doernbecher Children’s Hospital, Harold is committed to creating long-term positive change through a holistic approach to social responsibility.
Lilo Alfaro’s Outlook
Lilo Alfaro has BAs in Theatre, Technical Design and Production, and Business Management. Additionally, she has completed an MBA with a focus on Social Innovation. She has diverse experience in business, including her work as a consultant for large, national companies like The Kroger Company, mid-sized semiconductor corporations like Pure Wafer, and local nonprofits like Portland Experimental Theatre Ensemble and Our Children Oregon.
She showcases exceptional organizational and management skills. From managing city-wide festivals like the “Vanport Mosaic Spring Festival” to conventions such as “Ghosts of Summer,” Lilo displays strong responsibility and leadership qualities. Her approach seamlessly combines discipline, creativity, and a solid commitment to social responsibility.
Lilo’s commitment to social responsibility goes beyond the corporate world. Her involvement in producing legacy educational events for Portland’s Black Panther Party Chapter and volunteering at national nonprofits shows a hands-on approach.
OPAD’s Pro Bono Work
Harold and Lilo, through OPAD, have also actively engaged in pro bono work for many organizations dedicated to children’s advocacy, homelessness prevention, disability services, and social justice.
According to Harold and Lilo, “Our devotion to pro bono initiatives stems from a belief that true leadership extends beyond boardroom walls. It’s about using our skills to uplift communities and spark meaningful change.”
They’ve helped some not-for-profits such as Big Brothers Big Sisters of America, Children First for Oregon, and Northwest Children’s Theatre & School. Through university mentorship programs, they have nurtured many aspiring professionals and students with knowledge and guidance.
A Final Word
From diverse experiences, OPAD emphasizes transparent, fear-free work environments and a deep commitment to community engagement and societal betterment. Harold Goldstein and Lilo Alfaro, the driving force behind OPAD Consulting, shape organizational success while actively contributing to social change.
Business
Mastering the Art of Investment Management with Derek Pesta: Navigating Market Volatility
![Investment Management with Derek Pesta](https://thebusinessanalytics.co.uk/wp-content/uploads/2024/02/image001-min-1-scaled.jpg)
Investment management is a critical domain for individuals and businesses, as it involves complex decisions that shape financial futures. Success in this field hinges on expertly navigating market volatility, rather than relying on luck. Derek Pesta, CEO & Financial Advisor of Pesta & Pesta Wealth Management, offers valuable insights based on his experience in this crucial area.
Derek Pesta is a CERTIFIED FINANCIAL PLANNER™ professional, with years in the field, he highlights some key points that might help individuals master the art of investment management effectively.
Patience: The Prime Attribute of Investors
In the realm of investments, patience is not merely a virtue; it’s a cornerstone of success. Derek understands that clients often want to see immediate results, especially during market volatility. However, as Warren Buffett once said, “The stock market is designed to transfer money from the Active to the Patient.”
Derek firmly believes that making hasty decisions during market turbulence can lead to unnecessary losses. Instead, he advocates staying the course and adhering to a well-thought-out investment strategy. After all, financial plans are designed with market fluctuations in mind.
Transparency: The Prime Attribute of Finance Professionals
In a world where uncertainty looms around every corner, he emphasizes transparency as a guiding principle. He understands that not every client is comfortable with the idea of financial risks, and who can blame them? But avoiding risks also means missing out on potential gains.
Here, Derek’s approach is simple yet effective—be upfront about the potential risks involved. Whether you’re dealing with a novice investor or a seasoned pro, explaining the reasoning behind investment choices can alleviate fears and build trust.
Diversification: Key Attribute for Both
His investment strategy revolves around a fundamental principle—diversification. Regardless of a client’s profile, he believes that diversifying their portfolio is essential for maximizing returns and minimizing risks. This means spreading investments across different industries, including international markets.
While stocks may experience fluctuations during market volatility, bonds often provide stability. Derek advises clients not to rush into selling during downturns but to think about their long-term goals before making any impulsive decisions.
Informed Predictions: Using Data Meticulously
Market volatility can be unnerving, but he approaches it with a well-informed perspective. He acknowledges that predicting the future is impossible, especially in today’s unpredictable world. However, he leverages data and insights to anticipate market trends and create individualized client plans for the long term.
Every client is unique, and Derek understands that one size doesn’t fit all. Whether you’re a cautious investor seeking reassurance or a bold risk-taker ready to seize opportunities, he tailors his approach to meet your goals.
Communication: The Soul of an Investment Strategy
Communication is vital to any successful financial partnership, and he believes in going the extra mile. He knows that clients value personalization and want their concerns addressed. Over-communication, within reason, ensures that clients feel confident in their investment strategies.
In a complex financial landscape, seasoned professionals like Derek Pesta serve as valuable mentors, offering clarity and guidance. Their dedication to principles such as transparency, diversification, and personalized strategies provides a blueprint for navigating the challenges of investment management.
Financial professionals can enhance their skills and knowledge by conducting in-depth analyses and learning from experienced practitioners like Derek Pesta. This approach not only facilitates mastery but also encourages innovation in the field of investment management, ensuring a more robust and informed approach to financial decision-making.
Investment Advisory services are offered through CWM, LLC an SEC Registered Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.
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