Friday, 25 March 2011

Risk Involved in Share Market Investment.

Let us have a look on the composite risk involve in the market during operation:-

i. Interest rate
risk: This arises due to variability in the interest rates from time to time. A changes in the interest rates establishes an inverse relationship in the price of the security i.e. price of securities trends to move inversely with change in rate of interest.  Long term securities shows greater variability in compare to short term securities by this risk

ii. Purchasing power risk:
 It is also known as inflation risk and the inflation affect the purchasing power adversely. Inflation rates vary over time and changes unexpectedly causing erosion in the value of real return and expected return. Thus purchasing power risk is more in inflationary conditions especially in respect of bond and fixed income securities. It is not desirable to invest in such securities during inflationary situations. Purchasing power risk is however less in flexible income securities like equity shares or common stock where rise in dividend income off-sets increase in the rate of inflation and provides advantage of capital gain.

iii. Business risk:
 Business risk arises from sale and purchase of securities affected by business cycles, technological changes etc. Business cycles affect all types of securities viz. there is cheerful movement in boom due to bullish trend in stock price where as bearish trend in depression brings down fall in the prices of all types of securities. Therefore securities bearing flexible income affected more than the fixed rated securities during depression due to decline in their market price.

iv. Financial Risk:
This arises due to changes in the capital structure of the company. It is also known as leveraged risk and expressed in the terms of debt-equity ratio. Excess of debt over equity in the capital structure of a company indicates that the company is highly geared even if the per capital earnings(EPS) of such company may be more. Because highly dependence on borrowings exposes to the risk of winding up for its inability to honor its commitments towards lenders and creditors. So the investors should be aware of this risk and portfolio manager should also be very careful.
By taking in to accounts of all the above factors, investment decision are taken in the share market.




Added By: Kajol,Name of Sweets

Thursday, 24 March 2011

20 ways to motivate your employees without raising their pay

It is a costly mistake to get lost in the false theory that more money equals happy employees.
Believing this is costing you valuable time, revenue, employees...and even threatening your own job. Cash will always be a major factor in motivating people and a solid compensation plan is critical to attracting and keeping key personnel. But the key is that additional cash is not always the only answer and in many cases not even the best answer.
Too many bonus or commission checks get cashed, spent and forgotten just that quickly. Grocery stores and gasoline stations are among the necessary stops that
seem to get in the way of using your extra cash on something special for you.
One alternative to giving commissions or bonus dollars is to give gifts through a catalog point system.
The company you choose will provide you with catalogs, price sheets and point checks at no charge. The structure for your bonus plan can remain the same but instead of awarding cash to your employees you award equivalent points. Those points may then be used to purchase an enormous variety of gifts or travel plans from the catalog.
The stimulation involved is long-lasting. It begins with the employee being able to browse the catalog choosing what they will strive to earn. The catalog acts as a tangible reminder of their goal. The gift itself will last as evidence of their achievements.
Whenever I have implemented this program, the employees are overwhelmingly in favor of the point system as opposed to cash. This type of program is very popular with employees because they purchase things they would never normally have the "money" to afford.
With solid compensation in place, let's look at non-monetary motivation...20 steps to success.
1. Recognition/Attention. When your employees accomplish something they have achieved something. Your recognition is appreciation for that achievement. I believe that most managers don't give enough recognition because they don't get enough. Therefore, it doesn't come natural to do it. If this applies to you, you need to drop this excuse like a bad habit! Become a giver! Look at the price. Recognition is free!
2. Applause. A form of recognition yes, but a very specific form. Physically applaud your people by giving them a round of applause for specific achievements. Where? When? The answer is wherever and whenever. At meetings or company-sponsored social gatherings, a luncheon, or in the office. At the end of a shift, before a shift, and whenever possible in the middle of a shift.
Using plaques or trophies is another effective way of applauding your people. Although "wooden applause" is often successfully used in the form of Employee of the Month plaques, more creative ideas are sorely underutilized. Take the time to be creative, matching special accomplishments with unique awards.
3. One-on-One Coaching. Coaching is employee development. Your only cost is time. Time means you care. And remember your people don't care how much you know... until they know how much you care.
Whenever the emphasis is on positive feedback, I make sure to do this coaching in "public." Whenever you recognize and encourage people in "public," it acts as a natural stimulant for others who are close enough to see or hear what's taking place.
4. Training. Is training ever finished? Can you possibly overtrain? NO and NO. For whatever reasons, too many people feel "My people have already been trained" or "I've got good people...they only need a little training." But training never ends. Schedule "tune- up" training sessions. These should be led by you or by a supervisor with help from specific employees who show a particular strength in the skills taught. I know this takes time, but these types of training sessions will continually enhance the performance of your people and the productivity of your business.
5. Career Path. Your employees need to know what is potentially ahead for them, what opportunities there are for growth. This issue is a sometimes forgotten ingredient as to the importance it plays in the overall motivation of people.
Set career paths within your organization. Do you promote from within? I hope you can answer yes to that. Although specific circumstances require you to look for talent outside your company you should always first consider internal personnel. If you do this you are sending a very positive message to every one that there are indeed further career opportunities within your organization.
6. Job Titles. When you talk about job titles you are tapping the self-esteem of people. How someone feels about the way they are perceived in the workforce is a critical component to overall attitude and morale. Picture a social gathering that includes some of your staff. The subject of work inevitably comes up. Will your people be proud, or embarrassed, to share their title and workplace? The importance of feeling proud of who you are and what you do is monumental.
Be creative as you think of possibilities for titles. Have your staff come up with ideas giving them input into the titles. Bottom line, you are dealing with pride...and pride enhances a positive attitude...and a positive attitude is the foundation for continuing success.
7. Good Work Environment. A recent industry study shows just how inaccurate your results can be. Employers were asked to rank what they thought motivated their people
and then employees were asked to rank what really did motivate them.
Employers felt "working conditions" was a nine (or next to last) in terms of importance. What did the employees say? Number two! Working conditions are very important to the way employees feel about where they work.
Cosmetically, does your office look nice? Are there pictures on the walls, plants and fresh paint among other features that generally make people feel good about their environment? Does their work space have enough room or are they cramped in a "sardine can?" What about furniture? Is the desk the right size, chair comfortable? Is there file space and do they have the miscellaneous office supplies needed for maximum performance? Is the temperature regulated properly so they don't feel they're in the Amazon jungle one minute and the North Pole the next?
8. On-the-Spot Praise. This too is associated with recognition but the key here is timing. When there is a reason for praising someone don't put it off for any reason! Promptness equals effectiveness. Praise people when the achievement is fresh on everyone's mind.
What is effective is for us to get off our keisters and go out and tell whoever it is what a great presentation it was or applaud them for the sale...praise them promptly for what they accomplished or achieved! Don't allow time to creep in and snatch away any ounce of the positive impact that praise can have when it is delivered promptly.
9. Leadership Roles. Give your people leadership roles to reward their performance and also to help you identify future promotable people. Most people are stimulated by leadership roles even in spot appearances. For example, when visitors come to your workplace use this opportunity to allow an employee to take the role of visitors guide.
A great place to hand out leadership roles is to allow your people to lead brief meetings. Utilize your employees' strengths and skills by setting up "tune up" training sessions and let one of your employees lead the training. The best time to do this is when new people start.
Or, assign a meeting leader after someone has attended an outside seminar or workshop. Have them lead a post show, briefing the other employees regarding seminar content and highlights.
Have your employees help you lead a project team to improve internal processes.
10. Team Spirit. Have a picture taken on your entire staff (including you!), have it enlarged and hang it in a visible spot. Most people like to physically see themselves as part of a group or team.
When running contests in your area, try to create contests and affiliated activity that are team driven. People driving to reach goals together definitely enhance team spirit solely because they must lean upon others and be prepared to be leaned on.
One very effective idea for me has been building a collage of creative ideas with the "Team" theme. All employees are responsible for submitting a phrase referring to TEAM on a weekly rotation. Each of these ideas (such as TEAM: Total Enthusiasm of All Members or There is no I in Team) is placed on a wall, creating a collage of Team-oriented phrases. Don't have one person responsible for this...do it as a team.
11. Executive Recognition. This is the secret weapon. And like any secret weapon, timing is most critical. If this is used too often the value is diminished. And if it is used only for special occasions and rare achievements the value is escalated. We talked earlier about general recognition and the positive impact that has on your people. That will go up a few notches when it comes from an executive. Some of the same vehicles can be used here such as memos and voice mail. To add yet another level of stimulation, have an executive either personally call to congratulate someone (or a group) or even show up in person to shake hands and express his or her appreciation.
12. Social Gatherings. Scheduled offsite events enhance bonding which in turn helps team spirit, which ultimately impacts your positive work environment. Halloween costume parties, picnics on July 4th, Memorial Day or Labor Day, and Christmas parties are only some of the ideas that successfully bring people together for an enjoyable time. Some others that I've used with equal success are softball games (against other companies or among employees, depending on staff size), groups going putt-putt golfing or movie madness.
13. Casual Dress Day. This will apply more to the Business-to-Business world based on the difference in normal dress codes from the Business-to-Consumer arena. For those required to "dress business" every day a casual day becomes a popular desire. Use holidays to create theme color casual days such as red and green before Christmas or red, white and blue before July 4th, or black and orange prior to Halloween. This will add to the impact you're trying to have by calling a casual day in the first place. Establish pre-vacation casual days for each individual employee to enjoy on the day before his or her vacation.
Major sports events are a perfect opportunity for casual days to support your local or favorite team with appropriate colors, buttons, and logo wear. Spontaneous casual days produce a lot or stimulation based on the element of surprise. Announce a casual dress day for the following work day "just because." Use individual or team casual dress days as contest prizes or awards for specific accomplishment.
14. Time Off. Implement contests that earn time off. People will compete for 15 minutes or 1/2 hour off just as hard as they will for a cash award. And in many cases, I have had people pick time off over cash when given the choice. Put goals in place (padded of course) and when these goals are reached by individuals, teams or the entire staff, reward them with time off. Allow early dismissals, late arrivals, and extended lunch periods or additional breaks.
15. Outside Seminars. Outside seminars are a stimulating break. Because outside seminars are not always cost efficient for most people, consider on-site seminars or workshops for your staff. Use outside seminars as a contest prize for one or two people. Then set up a structured plan for those seminar attendees to briefly recreate the seminar to the rest of your people when they return. Now everyone gets educated for the price of one.
16. Additional Responsibility. There are definitely employees in your organization who are begging for and can handle additional responsibility. Our job as managers is to identify who they are and if possible match responsibilities to their strengths and desires.
17. Theme Contests. Over the years my contests have produced up to 170% increase in performance. But equally as important, they've helped maintain positive environments that have reduced employee turnover by 400%.
Overall the most successful contests seem to be those affiliated with different themes. Holidays, anniversaries, sports and culture are examples of ideas to base contests on. Sports, without a doubt, provide the largest opportunity for a wide variety of contests. Even Culture can be used to create theme contest. My favorite is using the '50s and '60s as a theme for a contest that I run at least once a year.
18. Stress Management. There are many articles and books available on the subject. Make this reference material available to your people. Make sure they know it is available and encourage them to use it.
If possible, have an in-house seminar on stress management techniques. So that production time is not lost, you might consider having a brown bag luncheon with a guest speaker on this subject. Because stress is an ongoing concern, anytime is a good time for a seminar like this to take place.
Be as flexible as you can with breaks during the course of the day.
19. Pizza/Popcorn/Cookie Days. Every now and then pizza, popcorn, or cookie days will help break up that everyday routine and help people stay motivated. Because it is a natural tendency for people to get excited in anticipation of something, structure some of these days in advance. Then buy some pizzas or different cookies or even whip out some different types of popcorn.
20. Gags and Gimmicks. Use different gimmicks as awards to help inspire performance increases from your people. The key to awards is establishing the perception of priceless value that is associated with them. They should be recognized as status symbols in your environment. Here are some of my ideas:
Plastic/rubber whale for "whale" of a performance.
Pillsbury dough boy for the person raisin' the most bread.
Cardboard stars for star-studded performances.
Plastic phonograph records for setting a new record.
California raisins for those with the highest percentage of "raisin" their productivity.
Special parking space for the person who drives the hardest.
Toy cymbals for those "symbolizing" total effort.
Special Mountain Dew can for that person who exemplifies the "can do" attitude.
A figurine of E.T. for out-of-this-world performance.
The Eveready Bunny for those that keep going, and going, and going.
Large Tootsie Roll replica for those on a "roll."
A drum for the person that "drums" up the most business.

Monday, 21 March 2011

10 Things You Should NEVER Say to Your Boss

We all have bad days at work.  Sometimes it reflects on the things we say to our coworkers and superiors. What you say tells a lot about you as a professional and creates impressions that could hunt you for years.

Getting a pink slip because your boss didn’t like something you said is something that will probably not happen to you on the spot.  However, one careless phrase may adversely affect your entire career, especially if it creates a long lasting impression of you.  Subconsciously, your boss may pass you for a promotion or let you go during layoffs simply because of the impression they got years ago due to something you said in the past.  People have good memory when it comes to impressions. Chances are, you boss wouldn’t even remember exactly what you said but they are sure to remember what they have thought of it!

The following are some of the things you can say that can put at risk your career:

1. “Why do I need to do this? This is stupid!”


Don’t ever say this to your boss! This questions their authority and their judgment about something that they believe has to be done. It belittles your boss and the entire enterprise. If your boss has asked you to do it, they must think it is important enough. By saying this you openly challenge their competency as a boss. Not a very smart move!

2. “That’s not in my job description”


The weaker players are the first ones to get pink slips.  In this economy, companies keep employers who can wear many hats, even if it is not technically in their job description, and who don’t complain about it.  If your boss thinks you are unwilling or incapable to do what you’ve been asked, you will be considered a weak player.

3. “It is not my fault”


Your boss doesn’t really care whose fault it is. Most of the time they just want the problem fixed.  When you say it is not your fault, you sound as if you don’t want to fix the problem, or worse: that you are trying to cover up your mistake by pointing fingers at someone else. This behavior tells to your boss that you are not only unreliable, but that you can’t be trusted.

4. “This is not my problem”


If your boss has brought it up – it is your problem. Moreover, a problem at work is everyone’s problem. Saying this just shows that you don’t care and that you are not a very good team player.  Ultimately, getting things done at is the manager’s responsibility and saying it is not your problem automatically turns it into your boss’ problem.

5. “I don’t know how to do it”


You may actually not know how to do something but it is all about how you say it.  Saying “I just don’t know” shows a weakness and it also may be interpreted as an excuse that you just don’t want to do it. Tell your boss that you are prepared to do the task but that you may require assistance or guidance because you haven’t done it before. Ask them if they or someone else can provide it to you.

6. “I am overqualified for this”


Maybe you are, maybe you are not. However, you are at work and instead of playing a big shot, you should just roll up your sleeves and get the work done.  Do it yourself or delegate it to someone else – but get it done!  This is what your boss  expects of you and anything less will show them that you are actually not qualified to get things done (kind of the opposite of the message you were trying to get across).

7. “It is impossible to do”


When you say this, it does not sound like it is actually impossible, it sounds like: “I don’t know how to do it” or “I don’t want to do it”.  Either way, if someone else ends up doing this task and they manage to do it, what you said will make you look like an incompetent idiot.  This could be an irreversible mistake so don’t say it unless you are ready to bet your professionalism on it.

8. “I don’t get paid enough to do this job”


With the current rate of unemployment, there are millions of people who don’t get paid at all. They will be glad to have your job.  This is exactly what your boss will think of the situation. Enough said.

9. “I will try”


Your boss doesn’t want you to try it; they want you to do it. Trying is not an option, you either do it or you don’t.  Saying “I will try” will tell your boss that they cannot depend on you. It will not give them the assurance they need that the task will be taken care of.

10. “I don’t have time for this”


Translates into “I don’t want to do this”. If you are over your capacity, just tell your boss that it may conflict with other work and talk to them about prioritizing tasks.

The bottom line: your boss wants to hear solutions. They don’t want to hear complaints or see you pass the puck. When you do too much of it, you make their life more difficult.  Your boss still needs to get work done so they will either have to do it themselves or find someone else to do it.  In which case, they don’t see much value in you and you are out!

Added by: Kajol,Name of Sweets.

Friday, 18 March 2011

Discover How to Motivate Your Manager - 10 Tips for Success.

Let me ask you a simple question - does your manager motivate you? If you're lucky then the answer will be yes. However, when I'm running a seminar for managers and team leaders on team motivation, the comment I hear most is - "How can I motivate my team when my manager doesn't motivate me?" So the next question is - what are you going to do about it?

One of the best ways to motivate your team is to give them feedback on their performance. You tell them when they do things you do like and you tell them when they do things you don't like.

It's exactly the same with your manager. Now, I appreciate that we're getting into scary territory here but you're going to have to take some action. There's no point in saying that your manager needs to change because that's unlikely to happen unless you do something about it.

The rules for giving your manager feedback are almost the same as those for your team.

1. Do it ASAP - When your manager says or does something you do or don't like you need to say something right away. If it's something you do like it's not much use saying something weeks later. - "Thanks for helping me with that difficult customer last week Dave." Dave is going to have a bit of a problem remembering that situation and the effect of the feedback is totally wasted.

It also makes sense to tell Dave about something you don't like as soon as possible.

2. Do it in private - You really don't want members of your team or your colleagues hearing what you say to your manager be it good or bad.

3. Check that it's okay to speak - Make sure that you have your manager's full attention. There's no point in trying to make your point if they have something else on their mind or they're working on their computer. It's also good manners and shows respect.

4. Announce your intentions - If your manager is not used to receiving feedback from you, what do you think runs through their mind when you pull up a chair or ring them on the phone - they think it's bad news, or your about to complain about something or you've done something wrong or there's a problem.

It's important therefore to tell them up front what you want to speak about.

You might say - "Linda, I'd just like to thank you for something you did today." Or if it's something you don't like you might say - "Linda, I'd just like to talk about something you said today that I'm uncomfortable about."

5. Tell them how YOU feel about their behaviour - This is nothing to do with any one else. Don't say things like - "The team don't like the way you speak to us." Use lots of "I" messages; say things like - "I'm unhappy with the way you told me how to do that job today. It made me felt embarrassed in front of my team members. Would you be prepared to speak to me in private in future?"

6. Focus on one thing at a time - Don't confuse your manager with a whole list of behaviours. If it's things that you do like then you're in danger of coming across as patronising. If it's things that you don't like, then it may come across as a whinger.

7. Be specific - When you're giving your manager feedback it's important to focus on job related behaviour and not on the personality of the individual. If you feel a bit uncomfortable, try to focus on the manager's behaviour in terms of how they said or did something. That's what you're giving feedback on, not them as a person.

It becomes easier if you're using "I" messages and being very descriptive about what you've seen or heard. You could say something like - "I liked the way you showed me how to layout that report - thank you Jeff." Or - "Jeff, I'm concerned by the way you told me how to do that report. It's important for me to get it right, would you be prepared to spend a bit more time explaining what you require?"

8. Include the customer and the organisation - Whenever appropriate; relate what your feedback is about to how the customer or the business could be affected. This of course could be an internal or an external customer.

9. Get input - When giving constructive feedback, it's important to get the manager's input. You might say - "I'm unhappy with the number of tasks you've asked me to do this week and I'm concerned that I may not be able to do them in the best interests of the business. However I'm willing to listen to what you have to say and discuss how we can make efficient use of my time."

10. Don't leave them low - This is particularly important after giving feedback on something you're not happy about. This isn't an attack on the manager; it's about job related behaviour. Think about how you feel when one of your team speaks to you about something they're unhappy about. It can leave you low and possibly stressed.

Some years ago after a particularly "difficult" meeting with my sales team I was feeling a bit low. However, at the end of the meeting one of the team said - "Alan, we're all going for a beer and we want you to join us. We have no hard feeling towards you and we like you as our manager." You can bet that made me feel good.

There's still a culture in some organisations that doesn't allow the boss to be challenged. It's a case of - "The boss tells me what to do and it's my job to do as I'm told." It's also the case that some managers don't want to say anything to their boss for fear of being perceived as negative or a whinger.

Be brave and give your boss some positive feedback. The occasional compliment or descriptive thank you will work wonders for your relationship. And if the boss is doing or saying something you don't like, give him or her some constructive feedback using the rules above. If you follow these rules, then you're much less likely to be seen as a whinger.



Added by: Kajol<Name of sweets>

Monday, 14 March 2011

11 Things That Annoy the Boss



Whether you think so or not, you're annoying. Maybe not all the time -- maybe not even some of the time -- but at least once in your life, you've annoyed someone.
Probably your boss.
We asked bosses to tell us what their employees do to irritate them on a daily basis. Straight from the source, here are 11 things you do to annoy your boss:


1. "By far the biggest annoyance is when their actions don't even faintly reflect a minimum level of enthusiasm for a given project and despite being told how excited someone is to be working on something, you wind up with items that either have obvious errors, common sense mistakes or show a minimum of effort.
Bottom line: You can tell when someone has phoned something in, and it's aggravating having to micromanage and go back to fix obvious hiccups that could easily have been prevented. Which always fascinates me: How do people not think you'll notice?" -- Scott Steinberg, CEO, Lead Analyst, TechSavvy Global


2. "Asking the boss to make your life easier.
True story: 'I would like to work from home three days a week. How can you make this happen for me?' This one really ticked off the boss.
Try instead: 'What would I have to do to make telecommuting three days a week possible?' Now you sound like a contributor!" -- Kate Nasser, The People-Skills Coach.


3. "Consistently going off on personal tangents in meetings. Get organized and get to the point. Time can make or spend money. Which do you think the boss prefers?" -- Nasser


4. "Many of my contract teachers annoy me -- why? They ask things that make me question whether or not they are actually 'all there.' Because of the nature of this job, everything is communicated online. I send VERY detailed e-mails with all the information plus some -- and yet still get silly questions. 'What are the hours again?' 'What days do I work?' Another annoying thing is when I hire a teacher -- and they accept all of the terms and then play the 'I want more money' card because they feel they deserve it.
It also annoys me when I do interviews. I set up a time to interview people and they don't answer their phones. Or they don't include their number in their confirmation e-mail. Make my life a little easier -- please and thank you." -- Jillian Zavitz, programs manager, TalktoCanada.com


"When I was an HR Director and now, when I'm a career coach, what annoys me a lot was/is:


5. Questions asked before information was presented (because the answer was usually in the presentation.)


6. Employees who 'miss' the spirit of the issue and make literal (unimportant) statements or who respond with the 'rules' because they miss the point.


7. Employees who make no effort to get along with others in the department and look for faults.


8. Employees who forget that no matter what their job is, they work in a business that needs to make money."
-- Bettina Seidman, Career Coach, SEIDBET Associates


9. "An employee who consistently, day after day, arrives a few minutes late and/or leaves a few minutes early. [Also], when an employee's personal cell phone rings. I don't mind if it buzzes or vibrates, but I ask that all ringers be turned off." -- Alexander Seinfeld, Executive Director, Jewish Spiritual Literacy, Inc.


10. "Where do I start? I own a boutique public relations agency, and the most irritating thing my employees do is they do not check their work. I've told them innumerable times how to compose successful e-mails to clients and press, and each time they write an e-mail it's like the first time all over again. Spelling mistakes, grammatical mistakes, missing info -- even though they've seen me craft identical e-mails dozens of times, could simply use spell check, and do a quick re-read to find and fix their errors. It's beyond irritating, especially because it's so preventable. It's gotten to the point that I have to write every e-mail for them before they can send it -- even when it's as simple as 'Hi there, I just wanted to check in to make sure you received the package we sent you last week' -- otherwise it will be filled with errors." -- Samantha Slaven-Bick, Samantha Slaven Publicity


11. "Working in numerous radio stations, I've been supervisor and trainer to many newcomers. The one main thing that positively drove me crazy was that people would come to me with questions before they'd even attempted to find the answers on their own. It was the largest red flag of laziness. I'm always happy to answer questions, but if you have no ability to answer them yourself or seek out the answers yourself, why did we hire you into your role, again? -- Natalie Nicole Gilbert



Added by: Kajol,Name of Sweets