Genuine Success – Business. Marketing. Finance, http://www.genuinesuccess.co.uk A Business Blog for Growth Hackers, now with added podcast. Mon, 21 Aug 2017 13:58:23 +0000 en-US hourly 1 When might your business need an audit? http://www.genuinesuccess.co.uk/might-business-need-audit/ Mon, 21 Aug 2017 13:58:23 +0000 http://www.genuinesuccess.co.uk/?p=2307 In the UK, companies must have their annual accounts audited each year, except in certain circumstances, so it may be time you put one an audit into action for your company if you haven’t done so already.   Audit exemptions – do you qualify? There are some exemptions to the audit requirement, one of which […]

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In the UK, companies must have their annual accounts audited each year, except in certain circumstances, so it may be time you put one an audit into action for your company if you haven’t done so already.  

Audit exemptions – do you qualify?

There are some exemptions to the audit requirement, one of which is if your company is classed as ‘small’. Look on the government website, and you’ll see that for a financial year beginning after January 2016, you won’t require an audit if your company has an annual turnover of not more than £10.2 million, if your assets are worth less than £5.1 million and if you have 50 or fewer employees. If you fit into this category, there’s a statement you can attach to your company accounts.

Further audit exemptions

However, there are other circumstances in which your company or organisation won’t require an audit – for example if it’s a charity and has a gross income of £1 million or less. There are also some circumstances, in which subsidiaries of owning groups don’t require an audit, but this situation is complex, and it’s best to seek professional advice in this regard.

When do small companies need an audit?

You may still require an audit if yours is a small private limited company in some circumstances. Firstly, if your articles of association specify that you should have an audit; secondly if one of your shareholders requests one, and thirdly if a lender requires an audit to be carried out.

When must companies have an audit?

There are certain circumstances in which your company must have an audit, whatever your size, especially if you’re involved in regulated services such as the legal, financial or insurance services.

Companies that are public or corporate bodies whose shares are traded on a regulated market require an audit. So too do companies involved in banking, issuing e-money, or investment firms. Moreover, if your company is an authorised insurance company or carries out activity relating to the insurance market, an audit will be required. Also note; you can not operate as a solicitor; without having annual audits.  

Grant recipient’s audits         

In addition, if your organisation has been a recipient of a grant, then an audit may well be required by your grant provider, so they can be assured that the funds have been used as specified.

Seek professional audit advice

However, this list is not exhaustive, nor is it a full statement of the law, so you should seek professional advice about whether your company is required to have an audit or not, and to assist in carrying an audit out as required. So you can be assured your company is meeting its statutory obligations and keeping its financial records as necessary.

Why an audit could benefit your company

You may well find it beneficial for your company to have an audit, even if it’s not a statutory obligation. An audit will give you confidence in your financial procedures and record keeping, as you’ll know they’ll have been prepared as they should be, meeting all relevant legislation and standards. Another circumstance in which you’d find having an audit beneficial is if you’re considering selling your business, giving you and prospective buyers a robust idea of your business’s worth.

Audit advice for your business

Chartered accountants Frank Hirth can provide you with advice relating to audits and undertake one for your business. So you can be assured your company is fully compliant and keeping financial records as you should do, taking the weight off your shoulders and leaving you free to concentrate on other aspects of your business.

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Per Diem vs. Actual Cost: Which Is Better For Your Business? http://www.genuinesuccess.co.uk/per-diem-vs-actual-cost-better-business/ Thu, 17 Aug 2017 00:13:25 +0000 http://www.genuinesuccess.co.uk/?p=2304 Even when you rely on the very best in AP automation software and technology, there are decisions that need to be made. One of the primary and foundational decisions when it comes to expense management and related policies is whether you’ll enact a per diem or actual cost model. You may implement one or the […]

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Even when you rely on the very best in AP automation software and technology, there are decisions that need to be made. One of the primary and foundational decisions when it comes to expense management and related policies is whether you’ll enact a per diem or actual cost model. You may implement one or the other, or vary the model you use depending on the situation.

Regardless, the following are some of the big things to consider before making a decision.

The Basics

First, an actual cost-based policy is one where your employees are submitting receipts and getting their expenses approved, while with a per diem you’re giving your employee a set amount they can spend each day.

While most people feel like a per diem is easier and more cost-effective, that’s not necessarily always the case particularly since advanced expense automation systems have made submitting expenses, approvals and other activities related to expense management easier, no matter where employees might be in the world.

Controlling Expenses

No matter the size of your organization, you’re probably extremely interested in controlling expenses and having employees travel and submit expenses can drive up costs pretty quickly. This is one of the advantages companies tend to see with per diems—they have more control over expenses.

With that being said, this isn’t always the most cost-effective route. What if your employees have a per diem they don’t need to use? It might be less expensive to submit actual expenses, but there just needs to be controls and guidelines in place to prevent spending from spiraling out of control.

That’s an advantage of automated expense management systems. They provide companies the ability to set controls for spending so that they can be better budget and plan, even without using a per diem expense model.

Submissions

As has been touched on, a lot of businesses err on the side of preferring per diems because this setup doesn’t require employees to submit receipts and other proof. Yes, that does make things easier, but if you want to give more flexibility to employees in their spending, it can be better to opt for actual cost expense management.

If you’re concerned about the hassle or difficulty employees have submitting receipts, use an expense software solution that allows them to do it from their mobile device, remotely or at any time. This is going to help employees be more organized, but it’s also going to empower them to make choices when it comes to spending and expenses, and that can lead to more employee satisfaction and productivity.

Finally, another reason you might reconsider per diems is because of the fact that while it’s a standardized expense system, not all spending can or should be standardized. If you run a huge multi-national corporation, the per diem rate isn’t going to be the same in one country as it will another because of differences in costs and other factors. It can actually get incredibly complicated to try and roll out a per diem policy for larger companies.

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How to encourage negotiation in the workplace http://www.genuinesuccess.co.uk/encourage-negotiation-workplace/ Tue, 15 Aug 2017 20:44:05 +0000 http://www.genuinesuccess.co.uk/?p=2300 Encouraging negotiation in your workplace is crucial if you want it to engage your colleagues and create a positive working environment in which everyone can contribute their ideas. So encourage better negotiation skills in your organisation by embracing a few of these ideas:    Begin by listening First up create an ethos in your workplace […]

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Encouraging negotiation in your workplace is crucial if you want it to engage your colleagues and create a positive working environment in which everyone can contribute their ideas. So encourage better negotiation skills in your organisation by embracing a few of these ideas:   

Begin by listening

First up create an ethos in your workplace that fosters discussion and the sharing of ideas in a respectful atmosphere. Crucial here is to begin by listening. Let your colleagues know that you’re accessible and always willing to listen to them.

Negotiating necessitates both talking and listening. Listening is the top tip given by Cathie Black, previously chairman and president of Hearst Magazines to improve negotiation in the workplace. You need to listen if you are ever to achieve a mutually satisfactory agreement.

Be accessible

To foster better negotiation in your workplace, you and your leadership team need to be accessible. Whether you organise Director’s visits to key company locations, host company breakfasts or are regularly seen out on the shop floor; accessibility is important in encouraging negotiation. If your leadership team is aloof and absent, it’s unlikely you’ll ever achieve this, accessibility and openness are crucial.

Trust and integrity

To encourage negotiation in your workplace, you need to foster a culture of trust and integrity. So your colleagues feel happy conversing and negotiating with each other. If the trust isn’t there, people will in all likelihood feel less happy about being open and negotiating.

Encourage team working

Encouraging team working in your workplace is one way to foster that respect and trust; helping to build a collaborative environment in which colleagues are happy communicating and negotiating.

A balanced relationship

You’ll also need to establish a balanced relationship within the workplace between the different parties, from the leadership team to your colleagues at all levels and the unions. A management that is top down in style, rather than collaborative, won’t create the balanced relationship you need for better negotiations. It’s what Fells and Prowse have termed “asymmetry” in the nature of management.

Two-way communications

So to encourage better negotiation in the workplace, you need to establish two-way communications, where all the interested parties get a chance to both contribute their views and ideas; and to listen. So setting up workplace committees and having regular staff meetings might be a way forward in this respect.

Encourage feedback

Encourage feedback within the business to foster better negotiation. Ask your employees to contribute their bright ideas for improvements within the organisation, from product enhancements to better customer service or how to streamline processes. Having an opportunity to input ideas is one step you can take to engaging your employees and making them feel valued – all important to encouraging negotiation in the workplace.

So there you have a few ideas on how to encourage negotiation in the workplace. Now it’s time to get started. Want to get your new company up and running; and off on the right track? Then Setup A Company can provide expert advice and support in founding your business.

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Have You Considered Knitted Corporate Ties? http://www.genuinesuccess.co.uk/have-you-considered-knitted-corporate-ties/ Mon, 14 Aug 2017 16:29:09 +0000 http://www.genuinesuccess.co.uk/?p=2297 Knitted ties are something of a new kid on the block. The idea might sound slightly odd at first, but these close-knit ties aren’t the sort of thing you might imagine your grandmother making when she gets bored. Instead, they’re cool and stylish, and you might want to consider ordering knitted ties if you’re looking […]

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Knitted ties are something of a new kid on the block. The idea might sound slightly odd at first, but these close-knit ties aren’t the sort of thing you might imagine your grandmother making when she gets bored. Instead, they’re cool and stylish, and you might want to consider ordering knitted ties if you’re looking to enhance your current corporate wear.

Here are just a few reasons why.

Standout Styling

First and foremost, knitted ties are going to help your employees stand out. This is a great time to adopt them since they are well-known enough not to be a novelty and yet rare enough for people to comment on them. You’ll separate your business from the crowd and provide your team members with a natural icebreaker that hangs around their necks.

Perfect for Solid Colours

Most corporate ties are of one solid colour – such designs are ideal for the working world. However, it’s common for businesses to feel that one solid colour is a little boring. Knitted ties add a more visible texture, so you can give your solid colour ties a little edge instead of opting for a more elaborate style.

Year-Round Versatility

One thing people tend to forget about ties is that different materials work well during different seasons. Silk, which is very light, is perfect for summer ties; wool, which is fairly thick, is ideal during the winter. Knitted ties are made using wool, so they’re still warm enough to wear during the winter. At the same time, they aren’t as dense, so you’ll still feel fine wearing one during summer.

First-Class Appearance

Finally, knitted ties strike an upscale appearance that many business owners will find attractive. If you’d like to add a touch of class to your corporate wear, opting for a more luxurious tie is going to do the job, and without the costs you’d have to face with a larger piece of clothing.

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DCS Multiserve – Accents in recruitment and employment http://www.genuinesuccess.co.uk/dcs-multiserve-accents-recruitment-employment/ Mon, 14 Aug 2017 16:04:25 +0000 http://www.genuinesuccess.co.uk/?p=2294 From Geordie to Scouse, the UK ranges in different types of accents. But what are the attitudes towards these type of accents and what impact do have on employment? Accents and employability A strong accent has threatened certain individuals on getting jobs and this can affect how employable the person is. Eight in 10 employers […]

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From Geordie to Scouse, the UK ranges in different types of accents. But what are the attitudes towards these type of accents and what impact do have on employment?

Accents and employability

A strong accent has threatened certain individuals on getting jobs and this can affect how employable the person is.

Eight in 10 employers admit to making discriminating decisions based on regional accents, according to a report by law firm Peninsula.

“Sound less Cumbrian” one employer said to a Cumbrian teacher according to a Guardian report. The same report also noted that a school in the West Midlands recently banned pupils from speaking regional slang to improve their chances of getting a job.

Some accents are more ‘employable’ than others

Employers favour some accents over others according to Professor Workman of the University of South Wales – reported by Recruiting Times.

The 3% of the UK population who speak the Queen’s English, or RP are more likely to be recruited as their accent is associated with intelligence unlike regional accents, which is why news anchors use this accent when speaking to the camera, they want to make the audience trust them. The Yorkshire accent was said to be associated with intelligence too.

Professor Workman responded with:

“Despite changes in attitudes of the general populace to RP, when it comes to recruitment to the elite professions, it is clear that many of those with regional accents are still hitting a class ceiling.”

16% of people from Birmingham have said that they try to reduce the naturalness in their accent when applying for jobs and going to interviews as the accent in general is seen less intelligent and that could unfairly be associated with the applicant.

How people view regional accents

ComRes and ITV interviewed over 2,000 adults in August and over 2,000 adults in September to determine the attitudes towards different regional accents. Whether they are positive or negative, different assumptions are made based on accents in Great Britain. In 2013, They found out that…

28% of British people feel discriminated against because of their accent. 14% feel accent discrimination in the workplace and 12% in job interviews.

Discrimination in different situations varies, with 20% also feeling discriminated in social situations and 13% when being served in shops or restaurants too.

Devon accent is the most ‘friendly’ regional accent

As voted from those who were included, here are the results of the most ‘friendly’ accent:

  • Devon (65% of votes as ‘friendly’)
  • Newcastle (56% of votes as ‘friendly’)
  • Edinburgh (51% of votes as ‘friendly’)
  • Cardiff (51% of votes as ‘friendly’)
  • Cockney (49% of votes as ‘friendly’)

Liverpool accent is the most ‘unfriendly’ regional accent

The top five ‘unfriendly’ accents, as voted by survey respondents included:

  • Liverpool (26% of votes as ‘unfriendly’)
  • Belfast (24% of votes as ‘unfriendly’)
  • RP/Queen’s English (23% of votes as ‘unfriendly’)
  • Manchester (21% of votes as ‘unfriendly’)
  • Birmingham (21% of votes as ‘unfriendly’)

RP/Queen’s English is the most ‘intelligent’ accent

The top five ‘intelligent’ accents, as voted by survey respondents included:

  • RP/Queen’s English (62% of votes as ‘intelligent’)
  • Edinburgh (38% of votes as ‘intelligent’)
  • Devon (28% of votes as ‘intelligent’)
  • Belfast (23% of votes as ‘intelligent’)
  • Cardiff (23% of votes as ‘intelligent’)

Liverpool accent is the most ‘unintelligent’  accent

The top five ‘unintelligent’ accents, as voted by survey respondents included:

  • Liverpool (37% of votes as ‘unintelligent’)
  • Birmingham (33% of votes as ‘unintelligent’)
  • Cockney (32% of votes as ‘unintelligent’)
  • Newcastle (26% of votes as ‘unintelligent’)
  • Manchester (22% of votes as ‘unintelligent’)

RP/Queen’s English is the most ‘trustworthy’ accent

The top five ‘trustworthy’ accents, as voted by survey respondents included:

  • RP/Queen’s English (51% of votes as ‘trustworthy’)
  • Devon (51% of votes as ‘trustworthy’)
  • Edinburgh (44% of votes as ‘trustworthy’)
  • Cardiff (37% of votes as ‘trustworthy’)
  • Newcastle (36% of votes as ‘trustworthy’)

Liverpool accent is the most ‘untrustworthy’ accent

The top five ‘untrustworthy’ accents, as voted by survey respondents included:

  • Liverpool (29% of votes as ‘untrustworthy’)
  • Cockney (24% of votes as ‘untrustworthy’)
  • Belfast (20% of votes as ‘untrustworthy’)
  • Birmingham (17% of votes as ‘untrustworthy’)
  • Manchester (17% of votes as ‘untrustworthy’)

Survey respondents were conscious of discriminating – 6% admitted to discriminating against someone’s accent in the workplace, and 4% in a job interview.

How to give each applicant a fair chance, regardless of their accent

There are a few different ways that employers can give potential candidates and future employees a fair chance in their interview stages. This includes:

Stay clear of using regional slang, but don’t hide your accent – advice from Francesca Turner, a National Careers Service adviser.

Don’t change your accent or the way you speak – advice from Brian Staines, Senior Career Adviser, University of Bristol.

Embrace your accent. Esther McVey who is the Liverpudlian job minister advised people from the North West to not feel like they have to change their accent or play it down and that people were to embrace theirs instead. McVey argued that people make a variety of judgements when looking for employees, and that ‘We just need people who reflect other people’ and that her accent hadn’t held her back in her career. McVey also added ‘I think it can be a colourful accent.”

How to combat accent discrimination as an employer

For employers who want to improve their ability to not judge those who apply for roles with certain accents, HR Daily Advisor and HMR have created a few measures that you can carry out to prevent any discrimination from happening. Some of these include:

  • Make sure those with accents are not singled out in any way
  • Make sure all parts of the interviewing process do not discriminate
  • Try to avoid placing individuals with certain accents in certain roles
  • Avoid questioning the suitability of certain accents for roles over others.

Facilities management company DCS Multiserve has provided us with this research.

 

Sources

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Tips on how to go about EPL Soccer Betting http://www.genuinesuccess.co.uk/tips-go-epl-soccer-betting/ Fri, 11 Aug 2017 07:16:17 +0000 http://www.genuinesuccess.co.uk/?p=2290 The betting markets have always been up for covering the English Premier League. Much of the energy and time that have been spent around this market have mostly been shared by Premier League betters. You may check out a few of the big names in the betting industry and you’ll soon find out how many […]

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The betting markets have always been up for covering the English Premier League. Much of the energy and time that have been spent around this market have mostly been shared by Premier League betters. You may check out a few of the big names in the betting industry and you’ll soon find out how many of the promotions and markets have actually grown and evolved around this league.

Steps to Bet over English Premier League

The fact that the EPL has originated in England has laid the foundation for its huge fan following in Ireland and the UK. The overall takings of the bookmakers in the UK account for a large percentage of shares in the EPL betting markets.

Selecting the right website is of great importance right at the very beginning. It’s certainly tough for the bookmakers to make things appear lucrative for their prospects. They would often come up with money-back offers, bet bonuses, inflated odds and free betting options. You’ll need to find out the betting package that suits you in all respects.

If you’ve just been introduced to betting, then you may have witnessed the portrayal of odds in various ways. The fraction seems to be the common form of betting, that has a resemblance to 5-1. You’ll gain a profit worth 5 units for every single unit placed by you. A stake worth 1 unit will also be sent back to you. The next form of odds is based on decimals that show a resemblance with 6.0. For each unit placed by you, you’ll receive a cumulative worth the decimal number. The figures are represented by way of any positive or negative number and they are described as money lines. With a positive number, you’ll easily be able to check your winning chances for placing 10 units on it. With a negative number, you’ll be shown through an amount that you need to bet for winning 100 units. The types of EPL betting that you come across may vary with each change in your choice of bookmakers. You must count the number of open markets that these bookmakers are associated with.

With each passing year, more and more bettors are emerging in the betting market. These bettors are able to gain an easier access to the bookmakers even while they’re on the move. Smartphone users are now being targeted by a large segment of bookmakers. These bookmakers are approaching smart-phone users with mobile specific offers that can be accessed through mobile betting apps. If you’re one of those that really wish to catch up with the betting industry news, you may get the highlights directly from Bet on Football. Instead of wasting your time at an online sports book, catching up with the latest betting news at Bet on Football will help you identify with the recent happenings in the EPL betting world. You may use your betting app for checking all of the latest trends and offers within this technologically advancing and evolving market.

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What does it take to be a financial leader? http://www.genuinesuccess.co.uk/take-financial-leader/ Tue, 08 Aug 2017 10:52:15 +0000 http://www.genuinesuccess.co.uk/?p=2287 For good or evil, money makes the world go around. However, in addition to that concept, husbandry, or the way that resources are managed, is part of the reason that the above statement is true. In other words, the way that money benefits individuals, businesses, and society as a whole depends on the financial acuity […]

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For good or evil, money makes the world go around. However, in addition to that concept, husbandry, or the way that resources are managed, is part of the reason that the above statement is true. In other words, the way that money benefits individuals, businesses, and society as a whole depends on the financial acuity and experience of those who understand how money should be used. More specifically, financial acuity is at the root of why some financiers can look at an investment and know whether or not it is a wise one, in addition to knowing how to weather economic storms that might affect their own income. Financial leadership skills can be attained not only from an education that requires the study of financial markets but also, more importantly, from work experience.

In every aspect of daily life, governmental oversight and legislation act as checks and balances to make sure that on the individual and business level, society does not run itself into financial ruin. While most people can wisely navigate themselves through common financial issues, financiers are skilled with both experience and knowledge about the markets. Most financiers and financial leaders are effective communicators, as they need both written and oral communication skills. Because financiers make their income on their own investments as well as others, they need to be able to determine personality types (or read people), resolve conflicts, and educate and counsel their clients on financial investments. Additionally, a lot of investing involves selling the clients on a particular idea or investment, so strong sales and marketing skills are a plus. Other major skill sets needed to be a financial leader are strong organizational skills, problem-solving skills, tenacity, and ethics. The most important skill that financiers must have is the ability to forecast trends before they become trends. Those financiers, for instance, who invested in the biotechnology industry in the late 1990s and early 2000s made a fortune because they were able to invest in initial public offerings (IPOs) before the general public, as a result of understanding the investment potential ahead of time.

A financier’s role in business is not simply confined to investing in the stock market, which can be exciting and volatile all at the same time. Financiers contribute to the economy in more mundane, slower-paced environments. Instances in business when financiers contribute are varied.

  • A respected executive can assist those in trying to sell their ownership stake in a business to get a company off the ground. They can assist not only with funding the project but also with networking.
  • Financiers help with arranging smart leases, where an entrepreneur will lease assets in an effort to raise capital to start a business.
  • Financiers are at the helm of financing bank loans through short-term, mid-term, and long-term financing. They also finance working capital needs, real estate, and equipment for businesses.
  • Businesses are financed through popular SBA 7(a) loans.

These are just a few examples of the ways in which financiers contribute to the everyday business of working with consumers.

A person who is interested in this field of work can approach entering the occupation in a number of ways. Many financiers enter the field after working as traders, which only requires a high school diploma. These people learn the stock market by watching trends. However, to manage portfolios and to work with businesses in high-profile positions, prospective employees have to earn a master’s degree in business and obtain certain professional licenses and certifications. For those interested in working in governmental positions related to public administration where finance plays a central role, a bachelor’s degree suffices but a master’s degree is preferred. On-site and online programs all over the country offer this degree to interested students. The University of California’s online MPA degree, for one, trains students to understand and solve social problems in the public realm (click here if you are interested in USC’s online MPA degree option). Careers in finance are such that, depending on your area of interest, a person can find meaningful, well-paying job opportunities.

As stated above, financial acuity fuels financial security on the individual and societal levels. Successful financiers have combined educational and work experience that contribute to them being on their “A” game where investments are concerned. Financiers influence economic trends just in their investment choices alone, so those seeking employment in this area have the opportunity to be pioneers of any financial boom in an up-and-coming industry.

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The post-digital generation: team building http://www.genuinesuccess.co.uk/post-digital-generation-team-building/ Tue, 01 Aug 2017 10:34:12 +0000 http://www.genuinesuccess.co.uk/?p=2283 Otherwise known as Generation Z, the post-digital generation were born between the mid-1990s and 2010. Unlike the baby boomers, this generation grew up through trying financial times and a lack of stability. Impact International, specialists in leadership development, explores the differences between how Gen Z feel towards teamwork and the workplace within a digital landscape. […]

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Otherwise known as Generation Z, the post-digital generation were born between the mid-1990s and 2010. Unlike the baby boomers, this generation grew up through trying financial times and a lack of stability. Impact International, specialists in leadership development, explores the differences between how Gen Z feel towards teamwork and the workplace within a digital landscape.

Driven, and with a determination to succeed, Gen Z are notably recognised as people who are willing to work hard. In order for them to do this, technology will be a vital part of how employees will work and live within the future of the workplace. When compared to past generations who are still in work, this makes for an interesting comparison.

A different type of worker

Gen Z are more focused on learning new skills, which is unlike baby boomers who were born in the 1950s – who usually start in a job for life and progress through that career. By furthering their specific interests within the workplace, this generation learns by focusing in on online courses, online books, articles, videos and other digital mediums to learn and progress as they go.

It has been argued that Gen Z are more readily willing to adapt to change. This is because their abilities to process information are based on how they function within the workplace.

Players within a team?

Based on their own development, Gen Z are always looking to further their own skills and continue their progression within the workplace. Millennials are interconnected, using social media as a platform to always keep in touch with other people. However, this doesn’t necessarily mean that they’re always ready to engage in teambuilding in the traditional sense.

Team-orientated individuals is a more appropriate description of how individuals function within the workplace now, as opposed to strictly working as part of a team in the traditional sense.

In this way, Gen Z can feel as though they’re retaining their individuality – while performing individual tasks that contribute towards a whole-team ethos. This is unlike workers of the past, who would usually work together in less isolating environments so that a job was completed.

Responsibility is usually distributed evenly over a number of individuals within a horizontal management structure. In this way, Gen Z recognise that becoming successful and influential takes time; within the workplace, individuals need to demonstrate the importance of their own contributions to get noticed.

Alongside their own identity within the workplace, Gen Z can recognise the importance of the culture within a business, even though they aren’t as team-orientated overall. 79% of millennials feel that culture-building activities in the workplace are vital when it comes to their progression. However, only 41% of baby boomers aged 51-60 felt the same, which suggests that although Gen Z want to be individuals, their identity is linked to the work that they do every day.

The impact this has on the workplace

So that businesses can thrive in the future, workplace managers need to trust the new approaches and procedures Gen Z bring to the workplace. This is so their creativity is able to stand on their own two feet. If employees within this demographic feel as though they aren’t able to innovate and progress, this will lead to their performance being stifled in the workplace – contributing to a lack of motivation, or an attempt to leave the organisation.

Those who attempt to show talent and individual talent within the workplace are those who will succeed in the future – aided through progression and development into management. Although this is not dissimilar to how the workplace has functioned in the past, it’s more about how the whole can benefit the millennial employee, rather than Generation Z becoming part of the whole workforce.

Sources:

http://www.learnfest.co.uk/headline-acts

https://www.digitalistmag.com/future-of-work/2015/10/05/what-gen-z-arrival-means-for-recruiters-03509530

https://www.entrepreneur.com/article/270764

https://talentor.com/blog/2015/07/06/generation-z-in-the-workplace/

http://www.telegraph.co.uk/news/features/11002767/Gen-Z-Gen-Y-baby-boomers-a-guide-to-the-generations.html

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How Studying At A Business School Can Guarantee You A Paid Internship http://www.genuinesuccess.co.uk/studying-business-school-can-guarantee-paid-internship/ Mon, 31 Jul 2017 23:49:28 +0000 http://www.genuinesuccess.co.uk/?p=2279 We live in a world that is becoming highly competitive when it comes to workforce. Even if you are applying for an entry-level position in any field, you will realise that they require a certain amount of experience. So the question is – how do you gain that experience right after you graduate? The answer […]

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We live in a world that is becoming highly competitive when it comes to workforce. Even if you are applying for an entry-level position in any field, you will realise that they require a certain amount of experience. So the question is – how do you gain that experience right after you graduate?

The answer is paid internships. Paid internships allow you to gain valuable experience that companies will appreciate when you start applying for a job, as they want someone who has good corporate and communication skills. In order to get paid internships, you must have a stable foundation set up as that will help you receive many opportunities.

Let’s look at how studying at a business school can guarantee you a paid internship.

Networking Opportunities

A good academic institution should have good networking opportunities and partnerships with organisations that are looking for summer interns. This will help students get a chance to work in the summer and build up a remarkable resume. A good business school will have connections with companies that will help students put a foot in through the right door and make way for their paid internships to transform into full-time jobs.

Reputation Matters

A reputable institute can lend its reputation to its students.

One of the biggest benefits students get while studying at a reputable business school is the exposure they receive during their stay at the school and after they graduate. Companies tend to favour students who have earned a degree from respectable institutes. These institutes are known to have a high standard of education and their alumni are known to make significant difference in their respective fields. These students have a competitive edge over other students as companies are more likely to give paid internships to students who are enrolled at a reputable business school.

One example can be seen through Bologna Business School whose Center for Digital-Business Education is supported by Google. Imagine taking their Master in Data Science course to develop your IT and analytics skills, and then applying for a job with that on your resume? Your future employer will recognise the reputation of your school and the value of the course you’ve taken and it may work in your favour. If you can study at a school who has support from companies as big as Google, you’ll be putting yourself in an extremely good position.

Worldwide Exposure

Well-known business schools have the advantage of providing a great platform not only locally, but also internationally. This enhances a student’s chance of getting a better paid internship. The school should not limit itself to local partnerships, but should also look to collaborate with multinational companies. The students will get a chance to work abroad and also get a paid internship by learning how to adapt to different cultures.

Competitions and Conferences

Academic institutions should present students with opportunities that will let them showcase their talent and get noticed in front of companies and other venture capitalists. This will provide them with prospects they could not attain on their own. A business school tends to have certain platforms through which students get a chance to build their resume by representing their schools in competitions and conferences.

Engage with Actual Clients

A business school should incorporate projects in each class where students get to deal with actual businesses and help resolve their glitches. This is a great way of giving students the exposure they need and at the same time providing them an opportunity to showcase their talents, which could in turn lead to a promising paid internship.

Studying at a business school has its own set of perks. They try to give students opportunities that will land them a good paid internship and ultimately a full-time job in their respective careers.

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Could We Soon Be Saying Goodbye to Red Traffic Lights? http://www.genuinesuccess.co.uk/soon-saying-goodbye-red-traffic-lights/ Mon, 31 Jul 2017 22:53:15 +0000 http://www.genuinesuccess.co.uk/?p=2276 Finding yourself stuck at every second red traffic light could soon be a thing of the past, thanks to the Green Light Optimal Speed Advisory, an initiative by Ford and Jaguar Land Rover. Northgate, vehicle hire specialist explores with us whether or not this will really mean the end for red traffic lights. What it’s […]

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Finding yourself stuck at every second red traffic light could soon be a thing of the past, thanks to the Green Light Optimal Speed Advisory, an initiative by Ford and Jaguar Land Rover. Northgate, vehicle hire specialist explores with us whether or not this will really mean the end for red traffic lights.

What it’s all about

As part of the Green Light Optimal Speed Advisory, a roadside unit to be stationed alongside a set of traffic lights will be constructed. In their approach to the traffic lights, connected vehicles will receive information about the timings of the corresponding traffic lights, advising the driver on the optimal speed at which they should travel in order to stand the best chance of only having to pass through green lights.

Sometimes there may be no way of avoiding a red light, in which case the driver will have to be content with a message from the system that tells them how long they’ll have to wait until the red light turns green again.

Christian Ress, the supervisor of Driver Assist Technologies at Ford Research and Advanced Engineering, acknowledged: “There’s not much worse after a long day than to hit one red light after another on the drive home, and be forced to stop and start again at every junction.

“Enabling drivers to ‘ride the green wave’ also means a smoother, continuous journey that helps to improve the flow of traffic and provide significant reductions in carbon dioxide emissions and fuel consumption.”

Tony Harper, the head of research at Jaguar Land Rover, is also excited by the project. He said: “Our aim is to give drivers exactly the right information at the right time and collaborations with other manufacturers are essential to help us deliver this commitment to our customers.”

The red traffic light dilemma

Confused.com, a comparison website which recently conducted research revealed that motorist who drive daily in Britain can expect to spend a fifth of their time in their vehicles waiting at red traffic lights. That equates to an average of 48.66 hours every year, standing still! It’s little wonder then that the Green Light Optimal Speed Advisory’s introduction will be to the delight of many drivers.

Matt Lloyd, a spokesperson at Confused.com, commented: “Red lights are a frustration for many drivers on the road but they are a necessity to keep traffic moving in a timely and orderly fashion.

“On some days, it can seem like the lights are against you and it can feel like the wait is longer than normal.”

However, Mr Lloyd was keen to add: “Rushing through a red light can cause problems for drivers and pedestrians alike. And getting caught can cause you problems with your insurance.”

The Green Light Optimal Speed Advisory Setup

In addition to their collaboration with Jaguar Land Rover, Ford will be trialling the technology as part of UK Autodrive.

UK Autodrive is a three-year trial of self-driving vehicles along with connected vehicle technologies. It is made up of a consortium of business leaders in the technology and automotive industries, as well as a variety of academic institutions and local authorities.

Coventry and Milton Keynes will host the trialling of the Green Light Optimal Speed Advisory, making use of both public roads and closed circuits over the next two years.

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