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Employers Are Now More Trusted Than the Government + How to Maintain That Trust!

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In my job I trust! This is the declaration that many are now making! According to the 2019 Edelman Trust Barometer, levels of trust have changed dramatically in the past year. It found that 75% of people now rate their employers as their most trusted institution — ahead of NGOs, business, government and media. A desire for change has sparked an increase in media consumption, with trust in traditional media at its highest level ever and trust in social media remaining low.

Now that employers have the upper hand how can they maintain that trust? Motivating your team and building a team’s performance and strengths are vital to how well projects get completed and how productive the team is overall. The cohesiveness of the group and the trust each one has in the others are vital to the company’s success. There are several activities, and procedures bosses can use to help teams improve the group’s strength. These exercises range from games and challenges involving complex and simple tasks to social activities to encourage team members to build friendly relationships with co-workers.

Team building activities and practices are designed to help individuals discover how they approach problems and how the team works together. It helps the group discover better methods of communication. Sports teams have known this best-kept secret that when the team works together through daily practice, exercise activities and bonding activities they improve not only performance of individual players but the strength and performance of the sports group as well. Many of the same principles can be used in business team building.

Here are some team building activities you can implement:

Communication Exercises

Communication exercises are designed to help your team build better communication. These are usually a form of problem-solving activities that have members communicating effectively with one another to solve the problem.

Problem solving + Decision making Exercises

Problem-solving/decision-making exercises focus on your group working together to solve a difficult problem or make complex decisions. These are very common types of team strength building exercises since it directly links to what an employer wants from their team.

Planning and Adaptability Exercises

Planning and adaptability exercises focus on setting up a plan and being able to adapt when change is needed.

Trust Exercises

Trust exercises involve getting team members engaged in ways that encourage them to trust each other. These are more difficult to implement since there can be varying degrees of trust among individuals and others in general but the trust built is well worth it.

Action Learning

Action learning is a combination of taking action and reflection by the team. They are asked to solve complex, yet strategic problems in a real-world business setting whether that is structural, managerial, logistics, or any other organization setting. The group applies all their existing knowledge and skills. They learn new skills, knowledge and gain insights by continuing to reflect on and question the problem, the group’s behavior, and the subsequent results.

Action Research

Action research is the strategy where your team performs research in the field to examine a specific question. This is specifically for team members who don’t know what they don’t know. They are collecting data that could alter the original question while learning unexpected procedures and principles. This type of exercise requires them to be open-minded and objective.

Appreciative Inquiry Team Building Exercise

Appreciative Inquiry team building exercise is the alternative to a traditional type of problem-solving. It emphasizes the participants focus on the positive aspects of a situation instead of what is wrong. This exercise encourages members to share their positive experiences. Team members are asked to create and share images of what their preferred future of the team looks like and brainstorm ways to create that vision.

Assessment-based Learning Activities

Assessment-based learning activities involve team participants taking and completing a test, rating scale or a questionnaire. They receive a score and feedback on each individuals attitudes, personality traits, and personal abilities. The responses may then be combined with others in the team to identify the opinions or characteristics of the group.

Consensus Decision Making Activities

Consensus decision-making activities usually involve a list of 10 items that participants arrange in order of priority individually and then as a team consensus. The list is then compared to the experts ranking list. This activity helps team members build their strength of decision making and reaching an agreement as a team.

Corporate Adventure Learning activities

Corporate Adventure Learning activities involve a challenging physical activity either indoors or outdoors. Activities such as sailing, rafting, rappelling, rock climbing, exploring wilderness areas, or walking on rope bridges have been used in the past. Participants learn to trust, values, and skills from these experiences.

Other…

Other types of activities include audio games, board games, card games, computer games, and many others all designed to help teams work together in decision making and building trust.

There are many activities and practices that you can employ to improve the strength and performance of a group. Group trust, cohesive work skills, and decision-making aptitude begins with individual team members performing activities and exercises that build these skills.

Ash Exantus aka Ash Cash is one of the nation’s top personal finance experts. Dubbed as the Financial Motivator, he uses a culturally responsive approach in teaching financial literacy. He is the Head of Financial Education at BankMobile and Editor-in-Chief at Paradigm Money. The views and opinions expressed are those of Ash Cash and not the views of BankMobile and/or its affiliates.

The Daily Digm (News)

Being Single Is Worth Big Bucks + How to Not Let a Relationship Ruin Your Finances

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Alibaba says its Singles Day event has brought in a record $31 billion in sales. The online retail event, which is now bigger than Black Friday and Cyber Monday combined, is seen by some analysts as a “bellwether of Chinese consumers’ willingness to spend” despite a slowdown in growth, according to CNN. The holiday celebrates people who aren’t in relationships, with other Chinese e-commerce platforms and even U.S. brands also taking part in the world’s busiest online shopping day.

So this now proves that being single is worth a lot of money! And If I can say so personally, being in a relationship and starting a family almost ruined my finances! What do I mean? Let Me Explain… First and foremost, starting a family is one of the best things that has ever happened to me in my life, and anyone who has experienced being a parent will tell you how much joy parenting really is—up to a certain point.

The truth of the matter is that children are blessings and can change your life for the better, but unfortunately, they can also change your wallet in the opposite direction if you aren’t properly prepared.

Love Is in the Air

My wife and I met over 15 years ago, and it was love at first sight. Well, maybe not exactly—I had to convince and woo her a little, but she eventually made the right choice and fell to my charm (or my unwavering persistence). We had a great time dating and rarely discussed starting a family because we were enjoying our lives, careers, and looked forward to more world travel. After five years of dating, we decided to get married and wasted no time starting a family after that. My daughter was born approximately 11 months after our nuptials, and this was one of the best days of our lives. We enjoyed our new family immensely, but soon after, we were hit with the reality of parenting and raising a young child.

Love Didn’t Pay the Bills

Bills started to pile up immediately, and we were left with many tough decisions to make as it related to our priorities. Were we going to pay our medical bills first or use our cash to buy clothing and diapers? Could we afford childcare, or should one of us stay home? Was it time to pick up a second job, or was there another way to bring in more income? The fact that it is expensive to start a family set in pretty quickly.

Love Lowered Our Credit Scores

After months of robbing Peter to pay Paul, we were almost maxed out on our credit cards in an attempt to make ends meet. We watched our credit scores closely and noticed that these high credit card balances had taken a toll on our score, dropping it almost 30 points in a short amount of time. We learned that overuse of our credit cards had taken us way over the recommended maximum utilization ratio of 30 percent.

Love (and a Little Discipline) Fixed It All

Immediately, we started to budget our expenses and focus on our needs rather than our wants. We tightened our belts a little and by doing so we were able to pay down our debt and get our score back on track. We also started to pay ourselves first and created an emergency fund with a high-yield savings account in order to prevent ourselves from being dependent on credit. We focused on our needs and budgeted for the wants, and before we knew it, our ruined finances became a walk in the park of family finances.

The Lovely Conclusion

Starting a family is still our most significant accomplishment, but turning our family finances around is a close second. Never underestimate the power of planning, but also don’t beat yourself up if life throws you lemons—or babies for that matter. Now at child number two, my family finances are growing, and what seemed like an out of control situation was put back in order with a little planning and discipline.

Do you have any financial comeback stories? I would love to hear them below.

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Millennial and Gen Xers Career Ambitions Are Being Put on Hold + How to Make Your Career Move at Any Age

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Millennials and Gen Xers are patiently waiting for their baby boomer bredrens and sistrens (Brother and sister in Jamaican patwoy) to retire so they can plan the big takeover. Still, the problem is they aren’t retiring. According to a USA TODAY/LinkedIn survey, there are now five generations in the workforce, clogging up America’s career ladder and making it difficult for younger workers to move up. Some 41% of millennials say they’ve struggled with promotions because boomers are delaying retirement, leading younger workers to job-hop for bigger titles and higher pay. A tight labor market has also led companies to hold onto older workers.

Can you be too young or too old for a job? Age discrimination is illegal, but we all know some employers may discriminate based on age and try to mask it as something else. While there are no foolproof ways to stop it, there are ways to prepare yourself no matter what. Here are four ways to prepare for the job you want no matter your age:

1. Focus on Your Strengths, Not What You’re Lacking

Whether you are 20 years old or over 40 instead of focussing on your age, you need to focus on your strengths. Many young people with limited experience or older people who may not be up to date with the latest technologies focus on what they’re lacking, and this is a big mistake. Do you have the qualifications for the job? Can you bring value to this position? Whatever your strong suits are, you should play that up in your resume, cover letter, or communications with the recruiter. It’s easy to focus on why you can’t get the job, but the trick is not to let that get to you. Focus on your value!

2. Attack Your Job Search from All Angles

Networking, Answering ads, and/or working with recruiters are the most effective ways to land a job. It is important that you don’t focus on one method but all three. Networking is the ideal way because it allows you to communicate your value directly, but the other methods have their benefits as well. Be proactive and use each method effectively.

3. Show/Explain Your Leadership Abilities and/or Innovation

Leadership and taking the initiative have nothing to do with age. Young leaders and old leaders can be more or equally effective as those who have the “ideal” age. Focus on your leadership abilities, and be sure to display this to your current or potential employee. Also, make sure you are keeping up to date with current trends in your industry. This will allow you to show your innovation and add more value to your company.

4. Ask for What You Are Worth

Lastly, ask for what you are worth. Don’t let being “too young” or “too old” deter you from asking for the salary you deserve. Trying to downplay your worth may very well backfire on you. Also, if you have been with a company for a long time and your salary outpaces what the position is worth, making sure you are adding to your skill set and not staying complacent.

Following these four tips can help you gain or retain employment. What are some other ways? Comment below>>>

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Former Twitter Employees Are Accused of Espianage + How to Protect Your Personal Information from Spies

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Two former Twitter employees have been accused by the Justice Department of using their roles to provide Saudi Arabia with information about American citizens and Saudi dissidents. The charge reflects the first time federal prosecutors have publicly accused the kingdom of running agents in the United States. It also raises a fresh set of concerns about the ability of U.S. tech companies to protect private data against abuse from foreign governments. Twitter said it restricts access to sensitive information to “trained and vetted” employees.

So what does that mean for your personal information? What do you if someone steals your info? First, understand that just because you’re the victim of identity theft due to a data breach, it doesn’t necessarily mean that someone is opening credit lines and cleaning out your accounts. It only means that your data has been exposed; however, there are some steps you should take to ensure that you do not have an identity clone and that your finances are intact.

Step One – Don’t Panic. The first step is not to panic. Thoroughly read your notification letter, which will explain what information is at risk, how the breach occurred, and how you can get more information. Keep it in a safe place in case you ever need to prove that your data was exposed.

Step Two- Change your Passwords. It’s a good practice to update your passwords every 90 days. Be sure to include numbers, symbols, and uppercase and lowercase letters in your new passwords.

Step Three – Contact Financial Institutions. Let your bank, mortgage lender, and other financial organizations know that your data has been compromised. This way, they can keep an eye out for suspicious activity.

Step Four – Monitor Billing and Financial Statements. It’s essential that you’re on the lookout for fraudulent activity, too. Your bank or credit card provider may have text or email alerts to help you monitor your account, but be sure to check your statements regularly. And don’t just look for significant withdrawals. Small purchases could be criminals seeing what they can get away with.

Step Five- Check Your Credit Report. You can get a free credit report once per year. After 30 days, request your copy and check for anything suspicious. For extra protection, sign up for a credit monitoring service. While this typically comes at a cost, the business that exposed your data may offer these services for free in response to the breach.

If you’re a Capital One customer not to worry, they have fixed the exploit the hacker used to access the data and has worked with federal law enforcement on the breach. The banking company said it would reach out to customers who were part of the hack and will offer free credit monitoring and identity protection to those customers affected by the breach.

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