How to drive success with employee share ownership

Posted by James Price | JPAbusiness on 02-Jan-2019 02:00:00

Share ownership is often considered by private mid-cap and small business firms as a way to have a more meaningful relationship with key members of the team. 

Basically, employee shareholding arrangements involve applying mechanisms to enable key personnel to share in the earnings, performance and direction of your business.

Providing employees with an opportunity to share in your business is seen as a way to motivate their performance and engagement; to help them see their work as more than just a job – it’s an interesting idea.

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Topics: Staff, Employment and recruitment, Advice, Running your business, Business advisor, staff share plans

How to build a reliable team [infographic]

Posted by James Price | JPAbusiness on 23-May-2018 02:00:00

Building a great team – and keeping them – is one of the biggest challenges a business owner will face.

Staff are not robots and everyone has their own motivations for the job they do, so there is no one-size-fits-all solution to this issue.

However over the years of advising business owners and helping them build and retain effective teams, we have identified several key actions that can help drive success in this area and we've summarised them in the following infographic.

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Topics: Staff, Employment and recruitment, Starting a business, business advice, staff management

Tips for successful outsourcing [cheat sheet]

Posted by James Price | JPAbusiness on 14-Mar-2018 02:00:00

Outsourcing is hardly a new phenomenon in business, but globalisation and technological advances have made it a much more common one.

Many small to medium-sized enterprises – including my own – have a ‘virtual team’ of service providers who work in concert with the regular team of in-office staff members.

We have created the following cheat sheet based on our experience and that of our clients who also have valuable outsourcing partnerships.

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Topics: Staff, Running your business, Advice, Free download, cheat sheet, outsourcing, business advice

Our Dynamic Performance Checklist and the key 6 elements of managing staff

Posted by James Price | JPAbusiness on 16-Aug-2017 03:19:00

Our Dynamic Performance Checklist is designed to help business owners and managers encourage and develop staff into a high-performing team.

The Dynamic Performance Checklist has 6 key elements that you as a manager, owner or leader in the business need to think about as you go about your day-to-day activities:

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Topics: Staff

7 tips for managing your virtual team [cheat sheet]

Posted by James Price | JPAbusiness on 05-Jul-2017 05:30:00

‘Virtual teams’, ‘virtual resourcing’ and ‘contingent workforce’ are fancy ways of saying outsourcing.

They’re modern terms, but their development is based on the very old business adage of ‘do what you do well and rely on others for the rest’.

Globalisation and technological advances mean small to medium-sized enterprises (SMEs) are increasingly outsourcing to drive efficiencies, but managing virtual teams also presents its own challenges.

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Topics: Advice, Staff, Employment and recruitment, cheat sheet, Running your business

What is employee fraud and who is most likely to commit it?

Posted by James Price | JPAbusiness on 03-May-2017 05:31:00

When undertaking valuations for business owners or due diligence for business buyers, we occasionally find large variability in a business’s financial results, such as a year or two that runs significantly against a positive trend and is difficult to explain.

In other circumstances variations are not as obvious, such as:

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Topics: Staff, Advice, Fraud, Running your business

Free download – Professional development plan [template]

Posted by James Price | JPAbusiness on 22-Mar-2017 04:00:00

The JPAbusiness Professional Development Plan template has been designed to help business owners and senior managers prepare senior staff for additional duties in future roles.

Use the Professional Development Plan when discussing role progression and/or conducting performance reviews with your senior team members to identify strengths, weaknesses, issues and gaps in achieving their career objectives, as well as your business goals.

Click the image below to download your free template:

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Topics: Staff, Advice, Template, Running your business

How to conduct a performance review [infographic]

Posted by James Price | JPAbusiness on 01-Mar-2017 05:30:00

When hiring staff it is important to document the job position to be filled, document the responsibilities and capabilities associated with the role, and clearly communicate these to the individual coming in to your organisation. (We discussed this process in detail in our Staff Recruitment eBook.)

A Performance Review is about taking stock of how the individual and the team they’re operating in is performing to those original responsibilities over the longer term.

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Topics: Staff, Advice, infographic, Training and Professional Development, Employment and recruitment

Free download: Staff Training Plan [template]

Posted by James Price | JPAbusiness on 18-Jan-2017 05:04:00

The JPAbusiness Staff Training Plan template has been designed to help business owners and senior managers manage their staff training needs.

Use the Staff Training Plan when conducting performance reviews with team members to help identify skills gaps and map out a plan for your employees’ future training.

Click below to download your free template:

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Topics: Training and Professional Development, Staff, Template, Free download

Disclaimer: The information contained in this blog is general in nature and should not be taken as personal, professional advice. Readers should make their own inquiries and obtain independent, professional advice before making any decisions, taking any action or relying on any information in this blog. 





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