The Best Business Have the Best Talent

Getting the hiring process wrong can cost a start-up money and time. A person who is the wrong fit can ruin the productivity of a small company’s team. Conversely, the right person can enhance the team’s cooperation and cohesiveness, reducing everyone’s workload and increasing profitability.

 Employing a person who fits well within your business is especially crucial for customer-facing roles. People with these roles become representatives of the entire business; people judge a company based on their customer experience. With the rise of social media, client-facing employees play an even greater role in the success of a company - bad reviews will spread like wildfire and can destroy a company’s reputation in minutes.

 A company’s workforce is often its greatest business cost: investing time in the recruitment process will be beneficial for the performance of the company in the long term. However, in order to hire quality employees that fit well within your company, you need the right recruitment strategy.

 It can sometimes be difficult to differentiate potential candidates – for example, most applicants will have a degree. It may be that one or two candidates stand out because of their experience or credentials; but these qualifications alone are not enough. A person can have a fantastic degree and a great CV but if their attitude does not align with that of the company then they will not be a good appointment. During the hiring process, always consider the following:

·         Does this candidate meet the needs of the company? You need a variety of people with complementary skills. Large organisations will offer defined roles to specialised candidates. However, it is best for small companies and start-ups to hire generalists that can handle a variety of tasks across a range of fields.

·         Have you invested enough time and effort in drawing up a good job description? A good job description will attract better candidates. Similarly, ensure that you have planned interview questions that glean if the candidate is both a good fit for the role and the company as a whole.

·         Is it worth extending the recruitment process? It is easy for candidates to give a false impression in an interview - a half day assessment may be much more revealing. If relevant, ask the candidate for a portfolio. This is most useful in creative industries.

Of course, having employed great talent you face the real challenge – trying to retain them!

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WiGig: The Beginning of a Wireless World

Wireless technology now has a variety of applications, from a wireless keyboard to Wi-Fi networks. It is also being used across a range of industries, from hospitality to healthcare.

WiGig, also known as 60-gigahertz, is wireless technology that can support data transfer speeds of up to 7GB per second, more than 10 times faster than a standard Wi-Fi connection.

WiGig’s(60GHz) high-frequency radio range is incredibly fast. However, WiGig radio waves are shorter than WiFi’s, thus limiting its range: its signals are blocked by walls and large objects, meaning that devices connected to the same WiGig network must be in the same room.

The demand for high definition video in particular is likely to drive demand for WiGig technology.

Using WiGig in mobile phones and television set-top boxes will make it easier to stream content from mobile devices to high definition TVs or upload it to the internet. The American wireless telecommunications company, Qualcomm, are set to release a tablet built with a 60-gigahertz wireless chip that can be used to transfer video wirelessly. They have calculated that WiGig technology will allow the transfer of a full-length HD movie in only three minutes.

Intel is another company developing their own WiGig technology.

In April, Dell started shipping the Dell Wireless Dock which pairs with the Dell Latitude laptop built with WiGig chips. The Dock allows laptop users to connect with multiple monitors, keyboards, hard drives and printers, all wirelessly. This transforms a cramped laptop into a fully-equipped work station without having to use multiple cables. As with most technology, it is clear that 60-gigahertz technology will soon become cheap enough for it to be accessible on a global scale.

The transition into a wireless world is well underway.

I look forward to the day when technology sheds its restrictive cables, enabling the user to use it in a more natural and organic fashion.

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The Meaning of Philanthropy

There is a great difference between charity and philanthropy, but it is a difference that is often ignored. Charity is the act of giving money, any amount, and not engaging in the cause. Philanthropy involves giving money, certainly, but also requires personal and proactive involvement.

The traditional image of the billionaire philanthropist is outdated.

Most billionaires have a wealth of contacts, are entrepreneurial and so have vast stores of business expertise. These qualities, more than money alone, are the qualities which make for a successful philanthropist. Building a philanthropic institution or non-profit organisation need be little different from building a business: it requires the same skills and principles, the same amount of effort and focus. For real impact, philanthropic institutions must be well-managed and be highly efficient.

Successful philanthropy - that which makes a measurable difference to people’s lives - requires time and creativity.

True philanthropists seek causes which will allow them to make a long-term impact and will measure the social value of their philanthropic actions. The amount of long-term, personal involvement required from philanthropy means that philanthropists must choose causes which align with their personal values.

Sir Ian Wood, founder of The Wood Foundation, has spent over £120 million on charitable actions in the UK and elsewhere. But he is also very much involved in the work his foundation does. He builds on his experience as an oil magnate to overcome the political challenges of working in Africa. He travels to Africa frequently to personally ensure the foundation’s progress.

Bill Gates has frequently said that effective philanthropy requires first-hand experience. He gave the example of his project to bring computers to impoverished areas of Africa; it was only when he saw the terrible living conditions with his own eyes that he realised that “digital empowerment” was low down in the “hierarchy of needs”.

I am truly passionate about treating, curing and aiding the blind in any way I can.

This passion drives me and allows me to dedicate more than money – I give my time, my entrepreneurial skills, and my contacts. I approach philanthropy with the same care and commitment as I do running my businesses and urge others in my position to follow this example.

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