Category: Your Business (Page 28 of 30)

Extreme hiring – psychological scrutiny and rigorous simulations

It’s getting tough out there. Employers are realizing that the old ways of screening out job candidates, particularly candidates for executive positions, are insufficient in today’s competitive world. Employers are employing much more thorough tactics, such as psychological scrutiny and rigorous simulations. Some are calling it “extreme hiring.”

It’s Andrew Noon’s first day on the job, and already he has had to discipline a worker, thwart a departmental turf war, cajole two recalcitrant employees, convince an irate customer not to cancel a contract and present his strategic plan for the next three years to the company’s chief executive, complete with flip charts. But the boss, the employees and the customers are actors. The company is fictitious. The office space is an assessment center outside Pittsburgh. At least three trained observers are listening to Noon’s every voice mail, reading his every e-mail and watching his every move. The whole exercise is a simulation designed to determine his readiness for the executive suite at Mutual of Omaha.

To prepare, Noon, 35, spent the weeks leading up to his assessment poring over reams of fictitious financials and memorizing fake org charts, employee bios, product descriptions, company histories and global sales breakdowns. He also took three personality tests, each consisting of 200 to 300 questions designed to uncover his levels of sociability, creativity and ambition and to identify any “derailers”–talent-management-speak for the dark side.

Psychological scrutiny and rigorous simulations are fast becoming a requisite part of the interview process. Gone are the days when a clutch golf swing or well-schmoozed dinner might score you a spot in the C-suite. The downturn has shed a decidedly unflattering light on subjective hiring practices. Even the standard application-interview-résumé-and-reference-check formula has come under fire for being too soft and unreliable.

In many ways this makes sense, but it would make even more sense if the results are compared to feedback given by that candidates former co-workers and superiors.

Learning to be an entrepreneur

Is the life of an entrepreneur for everyone? Probably not, as it can be rather demanding and it’s hard to imagine living that life unless you have a passion for business or for the service or product you choose.

The next question involves whether you can learn to be an entrepreneur. Some people may want to do it, but they really aren’t prepared to make a successful go of it.

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Tough time for jobs in California

Forbes has several articles asking tough questions about the job market in California. The sad truth is that California is losing jobs to other states and other countries, as the high tax burden and cost of living makes it difficult for employers to commit to the state.

Now, you have to take into account the agenda at Forbes. While the business magazine is excellent, the ideological bent is very clear. The publication favors free markets and loathes taxes. While you would expect that from most business writers and publications, Forbes sometimes takes that to an extreme.

That said, they often make compelling arguments when presenting cases where business development is hindered by taxes and regulation, and California has become the poster-child for many of these problems.

In one provocative article, a Forbes writer argues that California is becoming more like France.

A friend of mine who is a successful venture capitalist shared a depressing observation over dinner recently: “California is like France,” he said. “I try not to hire here, and I certainly would not launch a company here. But the wine is good.”

*******

Listen up Sacramento, your tax base is moving elsewhere.

“California has competition,” says Mehta. This is starting to show. A report recently released by the Bureau of Labor Statistics shows Silicon Valley lagging. Tech employment fell nearly 17% between 2001 and 2008, while nationally those types of jobs grew 4%. Silicon Valley’s 11.8% unemployment level is higher than the nation’s.

“It’s a combination of taxes and talent,” says Mehta. “Taxes and expenses here are high, and we can get the talent or move it elsewhere. This wasn’t the case 10 years ago.”

Another article details how employers like McAfee are moving employees outside the state.

The dysfunctional nature of California politics is now catching up to the state. Meanwhile, other states are seizing the opportunity with incentives and other aggressive tactics to brings in jobs. Will California wake up?

Watching expenses with prepaid credit cards

If you have a small business, the thought of giving some of your employees a credit card for expenses can be terrifying. Sure, they may be trustworthy, but it becomes something you have to monitor, and sometimes the problem can get out of hand and you don’t catch it for months.

One solution would be to use prepaid credit cards for your employees. This way, you don’t have to worry about them exceeding the limit on the card, and it forces you to monitor the situation and pay attention to expenses.

In this economy, you need to use every tool at your disposal to monitor costs. Having your employees fill out reports isn’t enough, as you’re often too busy to look over them closely. With this system you can minimize mistakes.

HP EliteBook 2740p Touch-Enabled Convertible Tablet

HP has unveiled its first multi-touch tablet for business users with the HP EliteBook 2740 p. The laptop, which is convertible into a tablet, weighs only 3.8 pounds and has two optional displays. You can either choose a 12.1 inch diagonal 1280×800 LED display or an outdoor view display for use in natural light with low reflection and high contrast.

HP’s tablet is equipped with an Intel Core i7 or i5 processor and optional vPro management technology. It also offers Intel HD integrated graphics, up to 8GB of DDR3 memory, up to 320GB of hard drive space or up to 160GB of solid state drive storage, and an external DVD burner as an option.

The 2740p also incorporates a 2MP web camera, microphone, stereo speakers, a keyboard that is resistant to spills, two pointing devices (touchpad and pointstick), 802.11n Wi-Fi, Bluetooth, the optional HP un2420 EV-DO/HSPA mobile broadband module, Ethernet LAN, a 56k modem, three USB ports, ExpressCard and Secure Digital slots, Firewire and a VGA port.

HP confirms that the EliteBook meets the military standards for (MIL-STD 810G) vibration, dust, humidity, altitude and temperatures. The optional HP 2740 Ultra-Slim Expansion Base can be used as a dock for the notebook to connect with peripherals without needing to plug and unplug. This expansion base includes a DVD+/-RW drive, and an eSATA port, allowing for connection to an external RAID array, HDD and optical drives.

Since battery life is important for business users, you can opt for a six cell Li-ion prismatic battery with a battery life of five hours. You can combine this battery with a HP 2700 Ultra-Slim Battery and the total battery life will increase to 11 hours.

HP EliteBook 2740p, which runs on Windows 7.0, should be available in the US next month at a starting price of $1599.

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