Types of Employees

There is a Chinese proverb that goes “The same type of rice raises a hundred types of different people.”

You cannot expect every employee to be the same - Be it their personality, values, learning and working style. They may bring various sets of problems (and headaches) to you too.

Despite the difference, you can still maximise the team’s performance. How can you do so?

It is not about your resources, it is about your resourcefulness.

Learn to become a great leader who can inspire your staff to become the best version of themselves.

Wise Hour to your rescue. Speak to us to gain insights on how you can manage your staff effectively.


Cost Management

Direct cost

Indirect cost

Fixed cost

Variable cost

Operating cost

Sunk cost

 

So many different types of costs, so little knowledge. Small costs can accumulate to skyrocket amounts. How can you manage costs effectively and still see a profit in your business?

Productivity is commonly defined as a ratio between the output volume and input volume. In other words, it measures how effectively production inputs, such as labour and capital, are used to produce a given level of output.

How can you ensure effective cost management for your business, while increasing your productivity? Contact Wise Hour for a discussion.


Two Leaders

Too many cooks can spoil the broth.

Powerful people have trouble working together. Most people who are in the positions of leadership would not want to be followers.

Too many leaders can spoil the momentum. They bring their own sets of beliefs, visions, values, working styles to the table. The time and effort spent to convince everyone is the opportunity cost to the organisation - the organisation end up being stationary, just like the game of tug of war. 

In the fast-paced and dynamic business world, wasted time is worse than wasted money. Different agenda cannot enable the organisation to move forward. 

The ones who will lose out in this game of tug of war are the ones caught in between.

How can you minimise this costly issue? Do you need advice on how to get things moving in the same direction? 

Seek help from Wise Hour on how you can resolve these differences.