Career 101: The Best Tips We've Seen So Far
We've selected the internet's best career and corporate tips for your enjoyment.
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Good News, Insidersđ
This week, we don't have any specific issues to discuss, but guess what? We may have something even betterâthe "101" trend! This is basically a social media crash course on whatever topic the original poster fancies. There are tons of topics to dive into, with lots of helpful tips. But in today's newsletter, we're checking out the tips that matter most to youâour awesome audience.
Ready for a fun ride in this edition of the Insider?
Whatâs Inside This Issue?
Career Tips From The Corporate Masses
The Importance of Getting Payroll Management Right
Interviewing the Interviewer: Choosing the right interview questions as a job seeker
Job of the Week
THIS WEEKâS STORY
Career 101: A Crash Course In Everything Corporate
Ever imagined getting a crash course on the little, often overlooked aspects of life from seasoned pros, covering everything from budgeting and relocating to acing job interviews and navigating being the oldest child? Well, that's precisely the buzz on social media right now. The â101â trend is like a treasure trove of wisdom, and we've gone through the gems to bring you our favorite and most relevant tips.
Tip 1: Your achievements will not speak for themselves. Announce your wins.
In the corporate world, it's up to you to let everyone know about your wins. While it's tempting to believe that your accomplishments will naturally shine through, it's important to take charge and talk about it. Consider using accomplishment trackers to document milestones and impressive contributions. When youâre in meetings and appraisals, use the opportunity to share your wins to ensure you are duly recognized for your work and establish a proactive and engaged professional presence for you. Remember, it's not bragging; it's about making sure your hard work gets the recognition it deserves. So, don't hold back â let your successes shine!
Tip 2: Tailor your CV to each role you apply to
When it comes to job hunting, a one-size-fits-all approach is not enough. Tailoring your resume for each position is a game-changer. Instead of sending out the same generic CV to every job, take the time to align it with the specific requirements of the role you're applying for. Highlight relevant skills, experiences, and achievements that directly match what the employer is looking for. This not only demonstrates your genuine interest in the job but also increases your chances of standing out from the crowd.
Tip 3: Salary and career progression benefit more from frequent job changes than promotion
When it comes to career advancement and increasing your earnings, the people insist that changing jobs might be more effective than waiting for promotions, based on their experiences. Strategic job hopping can significantly enhance both your professional and financial standing. Instead of relying only on internal promotions, consider exploring opportunities outside your current workplace that align with your career goals. Each new role can bring not only a salary boost but also diverse experiences and skill development.
Tip 4: In salary negotiations, never disclose your current/previous salary
When negotiating your salary, it's crucial not to reveal your current or previous earnings. This might seem like a simple detail, but it can significantly impact your negotiation power. Instead of revealing your current salary, focus on discussing the value you bring to the table, your skills, and the market rate for the position. This will help ensure that you're evaluated based on your worth and the position's requirements, rather than being tied to your past earnings. Keeping your salary under wraps empowers you to negotiate a compensation package that truly reflects your skills and contributions.
Tip 5: Keep as much as you can in writing
Verbal communication can sometimes be prone to misunderstandings or forgotten details. By documenting everything, you create a clear trail of information. Whether it's project details, task assignments, or important communications, having a written record serves as a reliable reference point. This not only helps in avoiding miscommunication but also provides a solid foundation for accountability and clarity in the workplace. So, whenever possible, opt for the written route to keep things crystal clear and avoid any potential hiccups.
And there you have itâour top five favorite tips. Do you agree with these tips? Or are there some insights you'd like to share with us? Your thoughts and experiences are more than welcome!
HR HAPPENINGS
What Even Is Payroll Management Anyway?Â
At its core, payroll management involves overseeing all financial aspects of employee compensation. It's more than just paying for hours worked; it includes tracking Paid Time Off (PTO), overtime, withholding, breaks, and ensuring compliance with employment laws.
Why is it important?
Well, paying each employee accurately is the heartbeat of your business. Without efficient payroll management, there would be no employees, and without employees, there'd be no business. But fear not â we're here to demystify this complex web of gross pay, hour calculations, withholding, and taxes.
Things To Note
Frequency Matters: Payroll can follow different frequencies: weekly, bi-weekly, monthly, or even quarterly, depending on various factors like employment laws, company policies, and employee preferences.
How Does It Work? The process begins with gathering employee information, including IDs, tax forms, and classification details. Then comes the crucial step of calculating wages, handling deductions, processing payroll, and maintaining compliance records.
Why is efficient payroll management important? Efficient payroll management goes beyond merely saving time; it ensures legal compliance, boosts employee retention, and maintains accurate records. For employee retention, good payroll management helps avoid erroneous paychecks, late payments, or future adjustments which fosters a positive work environment, demonstrating to employees that they are valued, leading to employee retention.
Payroll management also necessitates tracking payouts, transactions, deductions, and tax filings. This naturally leads to comprehensive documentation, aiding in accountability and ensuring compliance with legal standards.
Payroll Management Methods
There's no one-size-fits-all approach to payroll management, but we've outlined three methods: manual spreadsheets, outsourced payroll services, and payroll management software. Each has its pros and cons, so read this to make the right decision for you.
Challenges and Solutions: Payroll management isn't without its challenges. However, with the right approach and possibly the help of technology, these challenges can be navigated successfully.
Communication Problems: Lost team member messages can impact payroll. The solution lies in effective communication channels and systems.
Time/Shift Tracking Issues: Errors in time cards can lead to miscalculations. Regular audits and automated time-tracking systems can help mitigate this challenge.
Mistaken Calculations: Errors in calculating overtime or paid time off can be avoided by leveraging technology and thorough reviews.
Compliance and Regulation Changes: Staying updated on ever-changing regulations requires constant vigilance. Regular training and utilizing payroll management software that automatically adapts to changes can address this challenge.
Syncing with Online Employee Scheduling: To avoid redundancy, seamless integration between payroll and scheduling tools is crucial. This ensures accurate data flow and reduces the chances of discrepancies.
So, whether you're a small startup or an established enterprise, mastering payroll management is key to a smoothly operating business.
CORPORATE CORNER
Doâs and Donâts of Asking Questions in Job Interviews
The journey from unemployment to employment involves a lot of steps, and for many, the first step after applying is the all-important job interview. While the primary purpose is for the hiring manager to assess the candidate, there's an equally crucial aspect often overlooked â the chance for the job seeker to interview the interviewer.
Choosing the right interview questions should be an important preparation step for job seekers because not only do they showcase the candidate's readiness and interest in the job and the company but they also enable candidates to evaluate if the job and company align with their aspirations.
There are lots of online resources suggesting questions to ask but tailoring them to the specific role, employer, and personal needs is the key to standing out. Here are nine doâs and donâts to guide your decision.
Do: Ask About Job Duties and Expectations
Donât: Ask Anything Easy to Research
Do: Ask About Learning and Growth Opportunities
Donât: Ask Questions About Salary or Time Off
Do: Ask About Company Culture and Values
Donât: Ask Anything Predictable
Do: Ask Follow-Up Questions
Donât: Ask Anything Controversial or Negative
Keeping these boundaries in mind while preparing questions, when asked, "Do you have any questions for me?" â seize the opportunity. Your response can be a game-changer, showcasing your knowledge, interest, and providing a glimpse into your potential contribution to the company.
Youâre welcome! đ
JOB OF THE WEEK
HR Officer (Hospitality)
Location: Lekki, Lagos
Job Type: Full-time.
Benefits: N150,000-200,000
Key Responsibilities:
  - Assist in the recruitment process, and employee onboarding, ensuring a smooth transition into the organization.
  - Promote a positive work environment, resolution of employee relations issues and participate in grievance handling.
  - Maintain accurate and up-to-date employee records.
  - Assist in the implementation of performance management processes.
  - Contribute to employee performance evaluations.
  - Assist in the administration of employee benefits programs.
Who Should Apply?
The ideal candidate should have
- B. Sc/HND Human Resources, Business Admin, or related field.
- Proven experience of 1-3 years in HR roles, preferably in the hospitality industry.
- Knowledge of HR practices, labour laws, and regulations.
- Strong organizational and interpersonal skills.
- Excellent verbal and written communication skills.
- Applicants should stay close to or on the Island.Â
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