Blog

Trying to balance all of your money

How to make your money last to the next month and beyond

Financial education is a very scarce resource that only a few of us have been taught. With rising debt default rates and increasing cost of living, it is important now more than ever that we teach each other how to manage our money so we stop living from paycheck-to-pay-check.   By 2022, roughly 40% of the workforce will be millennials meaning that they have only had a few years of having access to disposable income. This means that there is a [...]

Rewards Management and Why your organisation needs it

The landscape of competition is constantly changing and so are the organisations that compete in this landscape. The rise of ultra-competition means that organisations have to achieve more by motivating employees to produce better results. The Japanese call this constant improvement Kaizen. But the question now comes: How can organisations drive employee adoption of Kaizen? Incentivising performance From a young age, people have always been incentivised to achieve more. Whether it was accolades and certificates in schools, or even acknowledgements and [...]

Challenges Faced in Implementing Performance Management Systems

Performance management systems are processes and tools created to monitor the performance of preset long and short-term goals. The process of implementing such systems are very complex and requires buy-in from all stakeholders. Below we discuss the common challenges faced when implementing performance management systems. Lack of Sponsorship The implementation of performance management systems requires a strong and influential sponsor who can rally the entire organisation towards the same goal as to how the system will be implemented. The lack of [...]

Performance Reviews – Is Moderation of Performance Scores Fair to Employees?

Performance score moderation and adjustment is a process in which company managers come together to review and assist in changing performance scores (if necessary), agreed to between Manager and Employee in order to; Ensure that managers across the organisation have evaluated their employees using the same standardized practice. This eliminates unfairness in the performance review process. Eliminate the issue of one manager’s more lenient rating system versus another supervisor’s complex rating system. The effect of these moderations commonly results in a score [...]

Getting A Bonus? “Telltale” Signs That You Are Not Getting the Full Benefits of Your Bonus.

Bonus time is always exciting for those who are fortunate enough to get one. People line up to get into the manager’s office to find out if they have secured their bonus. Below are some of the “telltale” signs to take note of ensuring you are not being misled during bonus time; You Don’t Know What to Expect Knowledge on whether or not you are getting a bonus and how much you are getting should be upfront and authentic. This is because [...]

Re-thinking employee incentives and rewards

Incentives and rewards have long been used by various organisations as a way to attract and retain talent. The Silicon Valley – home of many tech giants has been in the forefront in coming up with new and unique ways to incentivise and reward talent. Even though large bonuses, share options and big commissions are still big and widespread other forms of incentives and rewards have been introduced to keep up with fast paced changing world. In this post [...]

Software stack for moving from Start-up to a Small to Medium Business

As an entrepreneur starting up, the last thing on your mind is a software stack to manage your business. Your focus is normally on building your product or MVP and testing it in the market for product-market fit. As you nail a niche and start getting paying customers your focus tends to shift to sales and recruiting a team. At this point you tend to see that some of the processes and tools which worked for you as start-up [...]

Keep your goals in sight and achieve more

Most of us have set goals for the year that we really would like to achieve. These goals could be anything from losing weight to travelling, buying a house or even getting a promotion. The biggest challenge we face as humans is that there are always distractions, challenges and curve balls that are thrown in our way which makes us lose sight of our goals. The result of these distractions is out of sight out of mind which means [...]

9 Steps to establishing a Performance Driven Organisational Culture.

 “Culture is simply a shared way of doing something with a passion.” – Brian Chesky, Co-Founder, CEO, Airbnb The culture of an organisation is one of those intangibles that define how an organisation carries itself as a collective. Culture is sometimes perceived to be the soft and fluffy stuff that is defined by individuals that studied psychology and human behaviour sitting in the HR department. My definition of a performance culture is, how organisations create systems and ways to deliver superior [...]

Platform for SaaS Reviews recognizes iStratgo with Great User Experience Distinction for Performance Appraisal Software

FinancesOnline, a top review platform for B2B software systems, has recently lauded iStratgo for delivering on its value proposition. In their iStratgo review, they praised our Human Capital Management Software for equipping businesses with “all the tools they need” to improve employee performance, increase workforce engagement, and gauge employee performance, to name a few. With this, we received their prestigious Great User Experience award. FinancesOnline reserves its Great User Experience award for best performance appraisal software to products that offer [...]