As businesses are rethinking how their management systems should be changed in a post-industrial world, the principle of beyond budgeting has received much attention due to its revolutionary nature. But what exactly is beyond budgeting? And how is it different from the current practices?  

In a global survey conducted by KPMG¹ in 2016, over two-thirds of respondents, who are all senior executives, said they have some forms of rolling forecast in place. In order to thrive in this VUCA world, accurate forecasting seems more imperative than ever. Rolling forecasting, as a means to achieve that, is now a universal practice thanks to its proven capabilities. 

A poor succession plan cost Blackberry 4,500 employees and nearly $1 billion. While the absence of a succession plan is detrimental to the future growth of any business, rushing to draft one up without a deep understanding and careful consideration of all aspects involved can lead to unforeseen consequences. So, what are the tell-tale signs of succession planning failures?

Budgeting plays a vital part in any organisation regardless of size. For some, the process of building a budget is downright tedious, time-consuming, and challenging. What's more, businesses have to worry about not only short-term budgets but also long-term ones. 

Appeared in 2016, the term “ghosting” is first used to describe a situation for romantic relationships where a person “disappears” and cuts all connections with the other party without any explanation. Recently, this practice has expanded from the dating world to the workplace and became a nightmare for both candidates and employers. Fortunately, there are steps you can take in order to avoid being ghosted by candidates.

According to a study done by ClearCompany¹ in 2016, 68% of workers say training and development is the most important workplace policy. Nonetheless, many companies still view employee training as an expense instead of an investment. But despite all of the resources, time and effort put into making everything happens, many organisations fail to properly measure the effectiveness of the training.  

If you are starting to see a handful of young, new employees here and there in your company who all have the “eager to learn new things” look on their faces and a smartphone in their hands, lucky you for spotting the first crop of Generation Z (those who were born from 1996 onwards). 

Job interviews at tech giants like Google, Twitter, or Microsoft can be notoriously challenging with technical questions like "reverse a linked list" and brainteasers like “Why is a manhole round?” or "How many ping pong balls would fill a 747?" However, these interview questions are rapidly falling out of fashion in Silicon Valley because they can’t measure what they are supposed to.

Employee performance management used to be an end-of-the-year event for most companies, in which, people were rated and ranked based on the assessment results. However, this outdated way of evaluating that promote the competition between workers rather than bringing them together.

This explains why the old “competitive evaluation” model is slowly being replaced by the “coaching and development” model, which is more consistent and more focused on the employees. Today, the majority of leading companies have chosen to apply continuous performance review practices.

The current job market is candidate-driven. This means the top quality talents now have in their hands the power to pick a particular employer based on their likings. As a result, acquiring skilled talents is becoming even more competitive, expensive and time-consuming. Fortunately, there are innovative recruitment trends in 2019 that can make the life of recruiters much easier.