Tag Archives: company

Look for promotions in the construction business

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We never want to work in the same position as it gets a little monotonous doing the same work every day and over and over again. We do not work only to get money at the end of the week but we also work to get a sense of satisfaction from what we do and this is what drives us ahead in life. Moreover one should never make a comfort zone and live in it. That can be dangerous especially when it comes to forming a great career. Great careers are never achieved by living in the comfort zone. One needs to get out of it and strive hard to achieve something in life. Promotions are given to only those who want to do things differently and have the ability to work in an environment which is not so friendly. This is what most entrepreneurs look for in an employee. They want people who can take up challenges in life and can convert every calamity into an opportunity.

Promotion can bring a rise in your salary:-

There are 2 ways to bring a rise in your salary. The first is not an advisable one but still worthy in few scenarios and it is to leave your current company and move to the next one in search of better package. The second one sounds to be more logical which is to work hard and take a raise in your levels. Whenever you get a promotion, your package is increased. Other than the annual appraisal that happens in most of the construction companies, any hike due to a rise in the position is phenomenal. This is what your aim should be when you join a company. Try to know the different levels of promotion and how hard you have to work to get to the place you want to see yourself.

You are known and respected because of your work:-

If you perform and deliver high end results, you will be known amongst the various levels of management. Once that is done they can pitch in for you when asked about your performance and will give positive feedback. Many companies follow the tradition of checking with various departments about the performance of an individual before promoting him to the next level. Only if they get positive responses from basically all the levels of management, they go ahead with the promotion. Once you are known and you continue to carry the good work, you will be also respected for it. As and when you attain seniority in the company, the respect that you have amongst the masses will only grow.

Generating a good rapport with almost everybody in the company:-

Promotions are also given to a person who is a team’s man. If you are a person who can gel up well with your team members and with members of other teams, you are gaining popularity. Good rapport always comes handy during good and bad phases on life. So always maintain a good rapport with almost everybody and ensure that people know you for good reasons. This will help you to climb the ladder quickly than ever.

Keep a Plan “B” handy when things do not go your way

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Businesses in any industry functions on lot of planning and strategies. The strategies are usually laid to keep things moving and to pursue the overall motto of the company and that is the growth of the company. But there are times when the plans that you have set up do not go in sync with the current situation and this is when there is a likeliness of things going out of control. This is when a Plan “B” comes into picture. By Plan “B”, we refer to a secondary plan which is in place to defend the company from any backlash that comes as a result of the failure of Plan “A”. So when you see that you are preparing a plan which you feel that has half a percentage chance to succeed, you should also think about preparing a correspondent plan that will take over the initial plan if that fails to work out.

Preparing a Plan “B” is easy but following it is difficult. You need to do some brainstorming and discuss things with people from all the departments on things that you should do if the initial plan does not work out. You may even get suggestions that you will find wise enough to be followed but the real challenge is to implement the secondary plan. You have to change the complete course of action from the first plan to the second. This is undoubtedly the most difficult part because it means that there has to be some sort of changes in every department and not everybody can easily accept changes nor it is simple to bring changes throughout the company if yours is a mighty big one. Therefore before you think about jumping for a Plan “B” it is imperative that you understand the pros and cons and also the shape it will give to your company.

If it is a plan that will not have a major impact on the functioning as well as the finances of the company, then perhaps there is no need to have a secondary plan. Yu can always term the first plan as obsolete and move on with something else. But the problem will be when you are thinking of acquiring another construction company where you will have the maximum stake. In situations like these, you not only put the future of the company at stake but also the interest of the shareholders who have invested their money by trusting your thought process. This means that you can’t afford to go wrong and in case if you do then there should be a plan to back the backlash of your initial plan.

Do not forecast a lot and work more on ground realities. When you forecast a lot, you keep a lot at stake and if your forecasts keeping going wrong, it adversely impacts you as well as the company. Being foresighted is good but if you forecast just on the basis that it will all go your way, then that may prove to be a bad move.

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Start picking up star performers in your company and reward them to keep them retained

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The top performers are called as the ‘Star’ or ‘A’ performers, are the most important assets of any company. They possess the most valuable skills and move the business forward. Hence, it is necessary for any company to identify them, understand their career goals and reward them suitably. This approach will enable to retain the best talent which in turn will ensure stability of organization and allow its rapid growth

 

Star performers can be identified possessing the following characteristics:

  1. Capability of taking a responsibility in short span of time: They volunteer for handling new assignments. They are professionals who deliver strong and high quality results by means of an efficient teamwork.
  2. Unquenchable thirst for knowledge: They like to know how the things work. This quality gives them an advantage of improving troubleshooting skills. They master new types of expertise.
  3. Good communication skills: This ability allows them to deliver their ideas in an effective way. There is very little misinterpretation which avoids failures.
  4. Trustworthy and reliable: Senior managers and colleagues seek star performer’s advice and they are considered as good confidantes. They forge strong relationships and their opinions are always valued.
  5. Willing to take calculated risks:They weigh ups and down of a particular situation and take their decisions.
  6. Exhibits a well rounded effort: They are good both personally and professionally. If they are good at home, or at sports, they will undoubtedly be good at the workplace too. They serve as role model and mentor for others. Thus, they achieve excellence in most of the spheres of life.

 

Losing high performers is painful, both personally and professionally. Hence, it is very important that they be retained by the employer in the following ways:

  1. Give them opportunity to head or control a project: They need to take the core responsibility of a project where they get chance to present their ideas and they can take their decisions.
  2.  Leaders should interact with high performers and understand their passion and career goals.
  3.  Present them with challenges: High performers always like challenging projects. Hence the company should entrust them with interesting and difficult projects to keep these performers motivated to work.
  4.  The managers should ensure that the star performers trust their leadership capabilities
  5. Offer regular feedback : Weekly meetings should be held to let them know about their work performance and areas of improvement.
  6. Reward for great work : To recognition their efforts that have made a significant contribution to goals and objectives.  a.  Recognition memo from the Manager  b.  Send out a weekly email of the employee’s achievement to the entire company.  c.  Award the employee of the assignment they were interested in working.  d. If they are very outstanding in their work then to reward them handsomely as An Award to be given, Letter of Appreciation, Announcement as Employee of the week/month in Town hall meetings

 

When the top performers feel respected, honored and recognized for their efforts that their performance and confidence increases. This enables to retain the top most talent for a long time ensuring success of that organization.

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