How to Save Money

There probably aren’t that many people around that could confidently say that an extra bit of money in their bank account wouldn’t make life a bit easier for them. And for many of us, there are small changes we could make in how we deal with our money that could help us reach are financial goals much more quickly.

Maybe your goal is to introduce yourself to a new look and change your wardrobe? Maybe you’re saving for a holiday? Or maybe you’re looking for some extra money to put aside to give your children a head start in life?

We’ve put together some ideas to help you change your spending and save money. To implement these ideas successfully, it’s a great idea to try out some personal finance software so that you can get a much better picture of your financial situation and track your path to financial comfort.

Step 1: Set and Monitor your Saving Progress

When it comes to saving money, it’s easy to think ‘I’ll just buy one less coffee a week’ and ‘I’ll only buy clothes that are on special’. But when doing this, it’s hard to see the long term results and stick to a pattern of saving. So before you even being to cut back on your spending, ensure you have a way to measure the affects of your saving and monitor your progress. One really effective way to do this is to use a budget planner.

Traditional budget planners involved scribbling a few notes on a piece of paper while out shopping. More advanced methods include inputting data into a spreadsheet. But spreadsheet formulas can be tricky to get just right and to be fair, a spreadsheet is pretty boring! Today, there are a few online budget planning tools that are far more useful, way more interesting and much more user friendly.

With a good budget planner, you should be able to safely import information from your bank account with a few clicks of the mouse and then follow some simple steps to set your goals. The budget planner will then tell you how realistic your goals are, when you expect to meet them and exactly how much you’ll need to save and how much you’ll have left over for luxuries each week. Because they are more user friendly and more fun to use, the chances of you using them and staying on track are much more likely.

Step 2: Set and Prioritise your Goals

Once you have uploaded your financial details to your budget planner, you can set your goals and time frame to find out how much you need to save and how much you’ll have spare for non-essential items each week.

You should regularly check-in on your budget planner and refresh your information to see how well you’re going. If you’re doing better than expected, you can choose to either save even more or reward yourself for doing so well. It is important to not starve yourself of luxuries. If you save so much that you have no small luxuries at all, you’re likely to get fed up pretty soon and scrap your saving plan altogether.

Step 3: Look for Extra Ways to Cut Back on Spending

With your budget planner, you’ll be able to categorise your spending into fields such as groceries, bills, transport, entertainment and more. Once you’ve done that, you’ll have a great picture of exactly where your money is going and what areas you can cut back on.

You might find, for example, that you’re spending a lot of money on your bills. Armed with this information, you could contact your service providers and ask them if there’s any way you can lower your bill, or you could contact competitor service providers and see if they can provide the same services for less. If you’re spending a lot of money on transport, you could look at using more cost effective modes of getting around. Perhaps you could bike to work for 2 days a week instead of driving or taking the bus? Small savings in the short term can add up to big savings in the long run.

Step 4: Celebrate your Victories!

As mentioned above, if you reach your goals, or even small sub-goals on the route to success, then you should find a cost effective way to give yourself a small reward. In doing this, you’ll make your saving plan for more exciting and will be able to stick to it more effectively.

 

This article was kindly supplied by NZS.

How Can We Save Energy?

When we work harder to save energy, everyone wins. Saving energy not only helps cut our costs on power bills but also works towards helping the environment and protecting our planet’s natural resources.

Our planet has a finite number of resources that our ever-increasing population is consuming at an incredible rate. The more we can do to reduce our dependence on the world’s resources, the brighter the future for the generations that we leave behind.

Making Sure You’re Not Wasting Money on Power

Before you take any steps towards saving energy around your home, it’s a good idea to check to see if you’re actually on the best power plan for your needs. One of the simplest ways to quickly reduce your power bill is to use online tools to compare electricity suppliers and confirm that you’re on the best power-supply deal that’s available in your region.

There are a number of websites that provide tools whereby you can quickly compare power companies. Once you’ve done this and you have moved to the best plan, you can try our five cost-free tips for saving energy around the home.

5 Cost-Free Ways to Save Energy

There are heaps of ways that you can save energy around the home. Many require some form of expenditure up-front – such as installing full insulation in your ceiling, walls and floor – but there are also plenty of cost-free ways to save energy.

Here are just 5 things you can do at home right now to save energy:

1. Replace Old Light Bulbs with Energy Efficient Bulbs

While there is a small cost involved, replacing an old light bulb that has already blown with a new energy-saving light bulb can help you to save power in your home.

Many new energy efficient bulbs also last longer than older traditional bulbs so despite the higher initial cost, you may actually save more money on replacement bulbs over the course of the year.

The below chart shows electricity use by bulb type. It’s clear to see that different types of bulbs have very different energy consumption rates.

Energy Efficient Bulbs

2. Close Doors, Windows and Curtains

The sun is our best source of heat during the day but our homes can quickly lose this heat if we don’t keep a check on doors and windows in our home.

Before the sun begins to set and the heat of the day starts to dissipate, take a walk around your house and ensure all windows and external doors are firmly closed. If you aren’t using certain rooms in your house – such as a spare bedroom – keep the door to that room closed so that you don’t waste money and resources in heating rooms unnecessarily.

It’s also a good idea to close your curtains as soon as the sun goes down as curtains can provide an extra layer of insulation to help trap warm air inside your home. Just make sure you don’t close them too early or you’ll lose the benefit of the warm rays of sun coming through your window.

3. Only Boil What You Need

Kettles can use up a large amount of electricity in order to boil water. The more full the kettle, the more electricity is consumed.

Instead of boiling a full kettle every time you want a single cup of coffee, a simple way to reduce your power bill and energy use is to only put just enough water into the kettle for your needs at that time.

This may only feel like it saves a small amount of energy at the time but with frequent use of your kettle, the savings can really stack up over time.

4. Switch off Unnecessary Lights and Appliances

Whenever you leave a room, make sure you have switched off all lights and appliances in that room.

It’s also a good idea to switch off appliances such as TVs and DVD players at the wall when they are not in use. Many older appliances can use almost as much electricity while in standby mode as they do when they’re fully turned on!

5. Put on a Layer

Before you go to turn the heating up, consider simply putting on an extra layer of clothing. You might find this is all you need to warm-up and so can save yourself some money on your power bill.

 

This article was kindly supplied by NZS.

First Home Buyers’ Checklist

Buying your first home is an exciting and enjoyable experience. But it’s important that you remember to treat it as such as it’s easy to get buried under mountains of paper work, legal jargon and finances.

During the buying process and everything that leads up to it, be sure to pause, take a deep breath and enjoy the moment! You’re about to give your life a huge boost and take your first step on the property ladder.

To help reduce the stress and help you with buying your first home, be sure to print this checklist and use it to help you plan and check on your progress.

Securing your Finances

Buying a house is one of the biggest financial commitments that you’re likely to make. There’s plenty of risk involved and it’s difficult to avoid that fact, but you can help to reduce the financial risk and make your life and your family’s life easier in the event of any problems.

Book some Insurance

It’s a good idea to work out what insurance you’ll need and how much of your income this will take up. This will help you to work out what you can afford to pay for your mortgage and, ultimately, the property that you’ll be able to afford.

Whether it’s a requirement of the mortgage that you’re taking out or not, it’s a very good idea to get some life insurance as well as standard house and contents insurance. Life insurance will help to cover the cost of your mortgage in the event that the worst happens and you pass away. In that event, a huge mortgage bill is the last thing you want to be leaving your family! Take away that risk by getting some quality life insurance early on.

Research your Mortgage Options

If you have a healthy deposit, the mortgages that are available to you will be significantly easier to digest and you will have much more financial flexibility. However, there are Government-assisted mortgage options which are designed to help those that have a smaller deposit. These options will mean that you can still afford to buy your first home, although your interest may be higher and the flexibility or your mortgage may be more restrictive.

Either way, be sure to speak with at least 3 different banks before making your decision. Consider also using the services of a mortgage broker. Often there is no extra charge to you and the broker can help you to compare the mortgage offers between multiple banks without any particular bias.

Choosing your Home

Choosing your home is the fun part! You can begin by browsing through the many real estate websites to get a feel of what homes are available for your price range.

In doing this, you can start to build a better picture of what is and isn’t within your price range, and make a list of exactly what you must have in a house as well as a list of what you would like but can do without if the house and the price is right.

Head to a number of open homes, even if the house isn’t exactly what you are after on first appearances. You may even find that the photos and description don’t do the house justice and you could warm to a house that you may otherwise have missed.

Open homes also give you a good opportunity to meet a real estate agent. They will be able to discuss your needs and are likely to have a number of other houses on their list that could be just what you’re looking for.

Preparing to Move

Have you made an offer and signed the deal? It’s not over yet! Make sure you remain involved with the whole process to ensure your moving in day goes without a hitch.

Real estate contracts allow you to enter the home for a final check before you fully take possession. Take your contract with you and be sure to check the agreed chattels – whether they include curtains, washing machines, garden furniture, etc. – all remain and are in good working order.

And finally, again, remember to enjoy the experience! If you are unhappy at all with any stage of the process, there are usually a number of professionals that are there to specifically help you to reduce your concerns and put your mind at rest. A good starting point will be your real estate agent. He or she will no doubt have sold a number of houses before and will be able to help explain the process or point you in the direction of someone that can assist.

 

This article was kindly supplied by NZS.

Detox Diets

Detox diets are popular with celebrities and mere mortals too, but do they actually help your body detoxify? Proponents of detox diets believe restricting your dietary intake to a small range of healthy whole foods over a number of days or weeks, will allow your body to eliminate nutritional and environmental toxins.

What does a detoxification diet do for your body?
Believers claim that a detox diet, undertaken on a regular basis, will cleanse the body of toxins and improve general health of body and mind. Benefits of detoxing your body can include:

  • Cleansing of the digestive system and colon for improved digestion, better absorption of nutrients and reduced bloating.
  • Fewer food sensitivities or allergic responses to foods such as wheat, dairy products and yeast.
  • Improved circulation and liver function for better elimination of toxins.
  • Increased energy levels, a feeling of vitality and improved quality of sleep.
  • Balanced pH levels in the body, with less acidity and greater alkalinity for greater overall health.
  • Weight loss and the beginning of a healthy attitude towards food and eating habits.
  • Reduced occurrence of chronic ailments and illnesses, such as eczema, headaches, nerve damage, insomnia and ulcers.

During the process of detoxification, it is common to suffer from headaches, skin break-outs and other side effects. This is normal: as your body releases unwanted substances, they will be expelled from your body. If side effects are severe, stop the diet and consult a doctor or other medical practitioner.

What detox diets are available?
There are a number of diets touted as detox miracles and made popular by Hollywood celebrities. Some are more extreme than others, but whatever detox diet you choose, remember – these are short term diet solutions for better health. Always consult a certified medical practitioner before making any significant change in your diet.

While detox diets do not offer a long-term weight control solution, they can be useful in allowing you to regularly detoxify your body (on an annual or six-monthly basis). A period of conscious healthy eating is also great if you want to kickstart a new healthy eating regime and see a fast improvement in general wellbeing.

Lemon detox diet
The lemon detox diet plan is designed for short-term use only – between three and ten days. The diet requires that each day you consume only a cleansing drink made from:

  • 1.5 litres of water
  • 12 Tbsp pure maple syrup (no added sugar)
  • 12 Tbsp freshly squeezed lemon juice
  • ½ tsp cayenne pepper

This sounds vile, but actually tastes quite good! A gentle laxative tea or sea salt water mix can also be drunk to help eliminate the build-up of toxins. This is essentially a low calorie diet which will result in short term weight loss and a cleansed digestive system.

Liver detox diet
Less extreme in nature, the classic liver detox diet program promotes the eating of healthy, easily digested foods. The premise is to give your liver – and your digestive system – a break for anywhere between five and thirty days. For this time:

  • Eliminate dairy products, meat, sugar and processed foods from your diet. Replace these with whole grains, fruits and vegetables, and sources of protein such as nuts and seeds.
  • Drink two to three litres of water each day.
  • Avoid foods that are high in saturated fat.

An average day’s meals might be:

  • Thirty minutes before breakfast: 2 glasses of warm water with freshly squeezed lemon juice.
  • Breakfast: Fresh fruit with 3 Tbsp of LSA (a mixture of ground linseed, sunflower seeds and almonds, in a ratio 3:2:1)
  • Lunch: Wholemeal bread with avocado, lettuce, tomato, bean sprouts and hummus.
  • Dinner: Steamed vegetables with tofu.

7 day detox diet
As when you follow the liver cleansing diet, the seven day detox diet requires a change in eating habits – avoiding processed, sugary, fatty and salty foods and embracing foods in their natural state. This diet suggests:

  • Eat only unprocessed, preferably organic, foods with no added sugar, preservatives or salt. You can eat brown rice, grilled fish, steamed and raw vegetables, fruit and nuts. Olive oil, balsamic vinegar or lemon juice can be used for dressing and cooking of foods.
  • Avoid dairy foods and wheat. Use alternative grains, such as buckwheat, rice, millet and quinoa.
  • Drink two to three litres of water each day.
  • Do light exercise for 30 minutes a day.
  • Drink one to two glasses of freshly squeezed vegetable juice each day – use any combination of cabbage, celery, green beans, parsley, broccoli and other fresh green vegetables.

After the detox diet is over
Once you’ve made it through the detox diet phase – however long you choose to do it – you will feel rejuvenated and cleansed. Whether or not there is any scientific basis to the claims of internal cleansing and digestive system clean-out, detox diets can only be good for your body. Generally, the less extreme they are, the better your chances will be of ongoing success with healthy eating.

Following your detox, try to incorporate the principles of health and nutrition in your eating habits – but let yourself have a treat now and then, and don’t be too hard on yourself! Good health is about having a healthy attitude towards food, eating to satisfy your hunger and including a balanced range of good, nutritious foods.

 

This article was kindly supplied by NZS.

Tips for Selling a House

For many people, a house is the largest investment they will ever make in their lives. The initial deposit, the weekly mortgage payments, the ongoing care and maintenance – all these add up to a long-term commitment and development. Therefore when it finally comes time to sell, it’s only natural that you will want to gain the most possible return from all your effort and expense.

Of course, market values and demand are the biggest influence on the value of any property, but there are a number of things you can do in order to boost its desirability and push the price up just that much higher. You also don’t want to short change yourself by having small, fixable problems that devalue the overall price. Therefore running through a quick checklist of tips for basic maintenance is a great way to ensure you are maximising the value of your property when selling a house.

Exterior

The external appearance is the first impression your property will make on potential buyers. If it looks clean and tidy, they will assume it has been loved and well cared for inside and out.

  • Ensure the gardens are tidy and trimmed, and if possible invest in tasteful plants leading up to the front door. Pleasant greenery makes people feel good.
  • Get rid of any rubbish on the property, or keep it neatly in the bins. Likewise, the garage and carport can be magnets for mess, so you might want to pay these areas special attention. It’s fine for it to look occupied, but not occupied by a hoarder.
  • Ensure windows and spouting are clear and in good condition.
  • A fresh paint job can breathe new life into a tired or run down property. Painting services can be expensive, but they add a huge feeling of care and maintenance to a house.

Interior

Although the first impression is made by the outside, it’s important that this continues throughout the house. There are many little changes you can make to keep opinions favourable.

  • Check the lights all work, replacing bulbs if necessary. On the open day, select which lights to leave on in order to best show the house.
  • If it’s during the cooler months, it’s a good idea to heat up the house. A frigid interior temperature will be a major turn off to people looking during winter.
  • Perform small maintenance to plaster, paint and wallpaper. Small touch ups can make a huge difference.
  • Vacuum the carpets and place nice pictures and cut flowers throughout the rooms. You want to create an atmosphere that invites prospective buyers to live there.
  • In the bathroom, make sure all the mirrors and fixtures are cleaned and polished, with all the taps working. Mould can be a major problem in these areas and a huge warning sign for those looking for a healthy home, so invest in some mould-busting cleaners.
  • In the kitchen, make sure all the appliances are spick and span. Clean floors and get into all those nooks and crannies to get rid of built up dust and dirt.
  • Your biggest aim should be to create a feeling of being lived in, but in a careful and immaculate way. On the one hand, being too clinical and clean will make the house feel like a cold display model, but on the other being too messy can give the impression of lack of care. Work to create the right balance between the two.

With these tips, you put your property in the best possible position to command the maximum price.

 

This article was kindly supplied by NZS.

Start Good Money Habits

To many people banks are a stressful, even scary place. Whether it’s a mortgage, personal loan or credit card, if you find money difficult to understand or manage it can feel like you have no control over it – as if it’s something that’s working against you, not for you. It doesn’t have to be this way, however. If you can turn this attitude around, you can quickly become confident and proficient with money handling, and turn banking into an exciting challenge.

To start with, building up good banking habits is the way to go. By slowly changing the way you see and interact with money, you will find yourself in a happier, healthier position. Here are some solid tips to get you started.

  1. Pay attention to money. Many people’s fear of money stems from the unwillingness to confront them head on. However “out of sight, out of mind” is a philosophy that not only fails to solve money issues, it can actually make them far worse. It’s time to start scrutinizing how much money comes into your pocket each week, and where it’s heading. Look carefully at your debts and savings, track their progress and see if there is room for improvement. Most importantly, keep an eye on your bank statement for any surprising deductions or additions to your account.
  2. Question your spending habits. Many of us become quite comfortable and set in our ways when it comes to household expenses – if we can get by, that’s enough isn’t it? Not necessarily. It’s always worth raking over your bills and expenditure to see if there isn’t anywhere that money is going to waste. Perhaps dining out is costing more than you realised, or a cheaper phone and internet plan would suit you needs just fine. There can be many different ways to cut back.
  3. Streamline debt and payment. Consolidating your debts means bringing together a number of different payments to lower the overall interest paid. Some banks also have schemes that allow you to balance your savings against your debts in order to minimise the amount paid. The best way to sort out something like this is to speak with your ban directly and see what options they have for you.
  4. Don’t default to credit. It can be so very tempting to simply load up your credit cards, but this is the debt that can be most costly. With high interest rates and very little resistance towards spending more and more, credit cards are an easy way to rack up serious debt without even realising. Instead of reaching for the card, get into the habit of saving for big purchases or taking advantage of in-store deals that allow you to reduce interest. Credit cards can still be useful of course, but it’s best to wait until you know you can pay them back quickly.
  5. Prioritise and make concrete plans. If you don’t plan it out, nothing will ever get done. Once you have become aware of your financial situation, you can start setting plans and strategies into motion. Many banks will have resources and information to help you do this, and you can arrange your accounts to have automatic payments that help you stay on track.

By forming good banking habits, you can make money into your friend rather than an enemy. The best place to start is by talking to your bank and seeing what services they offer to help you get sorted. The most important part of course is ensuring that you are alert, aware and in control.

 

This article was kindly supplied by NZS.

Some FAQs Regarding Payroll and Annual Leave

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What’s the difference between holiday pay and annual leave?

When a full-time or part-time employee starts a new job, they accumulate holiday pay from their start date. Holiday pay is 8% of their gross earnings and calculated in dollars.

When the employee reaches their anniversary date, their holiday pay becomes annual leave and is calculated in hours or days. At this date, they can take annual leave. They also start accumulating holiday pay for the next year.

What do I pay an employee who works a public holiday?

If an employee works a public holiday, they are entitled to be paid time-and-a-half for the hours worked. And, if the public holiday happens to fall on a day they normally work, they’re also entitled to a day in lieu.
Public holidays over the Christmas and New Year period

This year, the holidays fall on a Friday and Saturday. If the employee:
– doesn’t usually work that day, the holiday is transferred to the following Monday or Tuesday. The employee still gets a paid day off if they usually work on these days – or
– usually works that day, the holiday remains at the traditional day and the employee is entitled to a paid day off.

Note that an employee can’t be entitled to more than four public holidays over the Christmas and New Year period, regardless of their work roster.

Why is the leave rate sometimes higher than the normal pay rate?

Remember that the leave rate is the higher on the average weekly rate or the ordinary weekly pay. Average weekly includes things like overtime, regular bonus and commissions.

Can I process a lump sum payment for the Christmas period?

It is best not to process as a lump sum but rather process one week at a time. Although you can divide the tax over the period, the leave divisor will do it as one.

This article was kindly supplied by Bay Business Support

Why You Should Care About how You Reject Candidates

thumb down rain

Think back to your early days as a job seeker, when your CV was sparse and your hopes were high, and you were applying for countless entry level jobs. There’s a good chance you will have a story like this, where you got through to a face to face interview, and came away feeling confident and then….

Nothing.  

This experience is by no means rare. I don’t need to direct you towards a survey or a Forbes article for you to know that the art of rejection is lacking in most hiring strategies. Ask almost anyone you work with and they will probably have a story that sounds all too familiar.

From an applicant’s point of view, this is far more demoralizing than flat out being told you haven’t got the job.

When you think about your own experience like this, you would likely admit it made you feel as if the company you put time and effort into impressing, placed no value in you as an applicant. You may have even began to change your view of them as a business, and perhaps even started to feel you had dodged a bullet by not being employed by them.

How Your Silence Affects Your Reputation

According to the feedback from the CareerBuilder Survey 42% of job seekers said they would not apply for a role with the company that did not get back to them, and 22% said they would recommend to others not to either! On the flip side, 44% of respondents to this survey said they would recommend others to apply for roles within a company that gave them a positive candidate experience, and this of course includes courteous and informative rejections.

Already, no doubt, you are beginning to understand why it is as important to deal with your unsuccessful candidates in a respectful manner.

As you can imagine, most job seekers expect to hear back from companies regarding their job application. According to the Career Builder survey, 9% applicants would go as far as to dissuade others from purchasing goods or services provided by a company who did not communicate respectfully with them! Think about how quickly bad news spread and draw your own conclusions on the overall impact of not bothering to contact rejected job seekers.

But I have 100 Applications! I don’t have time to respond to everyone!

Of course, it is not always possible to personally respond to every application. In many start ups and small businesses the recruiter will also be juggling other roles within the company, and as a result those things that seem less vital to the businesses success may fall to the wayside.

However, if you are aware of these constraints, there are protocols you can put in place and technology you can use to help alleviate the pressure of communicating with all your applicants, keeping your businesses reputation intact.

If you are struggling to keep all your applicants in line, an Applicant Tracking System (ATS) will help keep you on top of things. It can also make preliminary communication with applicants much easier – early on in the selection process applicants do not necessarily expect individual treatment, but rather, they want reassurance that they have applied correctly as well as some sort of time frame within to expect things to progress to the next step.

Using ATS email templates; you can cue up automated emails containing the appropriate information, to send to applicants. Which email you send them will depend on whether they have been selected to move on to the next stage, or not managed to get through.

It can also be a nice gesture to have an automated email sent in response to each application, perhaps detailing the time frame in which they can expect to hear back. This lets you acknowledge the individual applicant as someone whose time is important to them, and also prevents uncertainty and ensuing loss of interest by applicants.

Let them Down Easy

Of course, the idea of contacting people simply to reject them is not a pleasant one, but if done well it will help boost your company’s reputation as one that respects its employees and non-employees alike. Here are a few pointers on how to successfully inform an unsuccessful candidate and provide them with valuable feedback.

  • Keep it positive – focus on what they did well, and sandwich suggestions for improvement in between positive comments
  • Keep it brief – short and sweet will minimise the risk of wading into the murky waters of justifying your decision
  • Make general statements – ‘we were overwhelmed with suitable candidates and sadly we could not hire everyone’
  • Avoid making explanations involving gender or age etc – this could land you in hot water, which, when you’re making an effort to be considerate is probably the last thing you want to happen!

 

This article was kindly supplied by Haystack Jobs.

Is Job Hopping an Indicator of Unreliability?

Woman walking on posts in park

 

In your experience dealing with recruitment, no doubt you will have encountered job hoppers – the applicants who have a long string of employers, all lasting anywhere less than two years. What is your knee-jerk reaction to this? Chances are, you are put off by this display of a lack of commitment, perhaps dismissing the applicant as lacking loyalty, commitment and drive. You may mentally credit them with costing companies money in terms of investment in them as an employee, which would hardly make for an attractive hire choice.

Viewed with Suspicion

Traditionally, job hoppers are viewed with suspicion, or dismissed without a second thought – after all, the last thing any HR Manager wants to do is invest months worth of training into a new employee, only to have them need to be replaced after another 6 months.

This kind of career restlessness could also highlight an inability to ‘stick it out’ when things get tough and any employer knows that the last time you want your employees skipping out is when the proverbial hits the fan.

From this angle, job hoppers appear undesirable and undeserving – the further we delve in, the more we see this. For instance, if there is a wide range of industries involved during their employment history, this could be viewed as indecisiveness on the part of the employee, which, while understandable on occasion, should really be something that most desirable employees have under control. Right?

Well, maybe.

What if these assumptions were skewing your view of what you believe to be ‘a desirable employee’? What if, by skipping over anyone with a ‘fragmented’ resume, you were missing out on the talent, creativity or personality your business would most benefit from.

Times have changed.

Where once people would enter the career ladder as a graduate and climb all the way to the top with that one company, now they tend to have a more ‘snakes and ladders’ approach to career building, helped along by the wavering economy, fluctuating job market and access to mass amounts of information and learning.

The younger generations, entering a far less stable working life than their predecessors, are adapting and adjusting accordingly, because while loyalty is still a highly valued attribute, this does nothing to prevent redundancy or quell someone’s financial needs.

This means that as we move into the future, doubtless we will encounter more and more ‘unreliable’ job hoppers, who in fact have simply been trying to keep their head above water. A New Zealand based survey highlights this shift, with over half of the respondents having been employed in their current job for less than 18 months, and this is reported to be occurring across the board from low wage earners through to those on 250k+ salaries. Clearly, change is in the air.

So what to do?

So how do you ensure you are still making a good hire, when faced with this reality?

Sorry, but there’s no shortcut to getting around this one. The answer, of course, is to take these applicants on a case by case basis. If a flag gets raised over the number of jobs a person has been through in a certain time period, but in all other respects are a desirable candidate; it pays to investigate further.

For example, university students will often go through different jobs at different stages of their degree and have different criteria in terms of job selection i.e. ‘will it fit with my timetable’? This could result in a different job each year of their degree, perhaps even more so if they pick up full time work over the summer break.

Other things to keep in mind include whether someone had to move cities, whether there were several part time roles that overlapped, if they were on contracts for any of this work or any other number of valid reasons for job changes – it pays to ask WHY each job was left, and even to bluntly question them over their changeable history. Listen to their reasoning and question anything you have doubts about.

The Proof is in the Pudding

In case you are still having reservations about changing your approach, perhaps this will dissuade you. Evolv performed a study on over 20,000 employees which showed little to no differentiation between employees who had held many jobs over the past five years and those who had held none.

The study also indicated there was more of a correlation between employee integration i.e. whether new employees were ‘welcomed into the fold’ or not, than to any kind of historic job hopping.

So perhaps instead of worrying about how many jobs your applicant has had over the last however many years, you should just focus more on how they would fit into the company culture and what they can do for you.

 

This article was kindly supplied by Haystack Jobs.

You Should Care What Your Applicants Think. Here’s Why.

Success concept

 

Every time you recruit, you become a blip on the radar for hundreds if not thousands of job seekers, who all send off their CV in the hope that they will be noticed.

From an HR perspective, this creates a mammoth task, as they are charged with filtering the pool down to the best of the bunch. This process can be time consuming, and it’s tempting to throw your net as wide as possible, leaving applications open for weeks in order to increase your chances of finding the ‘perfect’ catch, but in doing this, you can leave those on the hunt waiting for too long.

Obviously, you cannot shrink your recruiting endeavours into week long projects, but leaving applicants in the dark for undefined amounts of time will result in loss of interest and frustration on the applicant’s part.

Not to mention your ideal candidate is likely a busy person with demands on their time, and treating them like they are just sitting at home waiting for your call will cause you to lose out on your golden opportunity.

Just Keep Talking

So how can we fix this? The key is communication. Much like if you were dealing with long distance clients, once you have engaged with an applicant, you need to keep them informed about when they can expect to hear back from you. This does not have to be time consuming, as Applicant Tracking Systems have been developed to assist with this very thing. An effective and practical method to keep in contact might involve the following contact points:

  • Send template acknowledgement emails sent out to each applicant
  • An email to all those who get through to first selection process (to tell them they have been shortlisted).
  • A phone call to ask some further screening questions might be appropriate – this kind of ‘real world’ contact will reinforce the applicant’s confidence that you will be in touch.
  • Sending an email to all those who are not being interviewed would be appropriate, as well as a different email or perhaps a phone call to those who you wish to interview.
  • Post-interview, it is vital to send a courteous rejection email to those who were unsuccessful, as it lets you cleanly end contact with the unsuccessful applicant, without opening yourself up to questions or confrontation.

Assuming that you have worked out a time frame prior to implementing this recruitment strategy, you should also provide all applicants with a time frame for when they should expect to hear back from you. You do this to ensure candidates feel like they are in the loop, to show that you value them and appreciate that they are waiting for results.

Don’t leave Applicants in the Dark

A common complaint among job applicants is that the businesses they send their CV’s to remain radio silent and ambiguous, leaving applicants unsure if they’ve even applied to the correct address!

This can also leave applicants with the fear that they have fallen victim to a recruiter simply ‘fishing’ for CV’s to add to their system, which will reflect negatively on your business. According to one study, over three quarters of applicants expect to hear back from a company, regardless of if they have gained the role or not, and almost a third of those would be less likely to use that companies services if they were unhappy with how they were treated in the recruiting process.

No one likes to hear ‘you’re too good for me’

Another reoccurring complaint is that applicants are sick of hearing ‘you’re overqualified for this position’ as a reason for not being hired. This is becoming more relevant as the job market tightens and people are forced to look below what they would be considered qualified for, in order to find work.

Whilst there is some obvious logic to having reservations about hiring someone who on paper looks like they would get bored with the role in a week, it is important to respect and appreciate someone’s desire to ‘downgrade’ (as they may not see it that way) or expand their experience base.

Instead, ensure you ask why they want to pursue something that is so seemingly below them, and if you honestly do not feel they would be satisfied with the role, at least point them in the direction of something more suitable, or give them feedback on how to present themselves for such a role in the future.

We’re all People

Perhaps this is a good time to remind you that behind every CV is a human hoping to be successful in their endeavour to land a job. In between deadlines, quotas and minimum targets it is easy to forget this, but the more you remember, and act accordingly, the more fondly you and your company will be remembered by those who come into contact with it.

 

This article was kindly supplied by Haystack Jobs.