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by FutureLab | 08 Apr 2019
Have you ever had to carry a heavy bag on your shoulders? Well, if you’ve only had to carry the bag for a couple of minutes before setting it down, it may probably cause your shoulders to feel a little tense. Perhaps, you’ve had to run a couple of errands with that heavy bag for over an hour, your shoulders and back start to ache. Perhaps, you’ve had to carry the bag all day, the ache in your shoulders and back gradually intensify. While the weight of the bag remains, which runs in parallel to our physiological reaction and hormonal release, the difference lies within our perception and experience of the stressor – much like the duration and ways we hold on to that heavy bag. Although small doses of stress can be a great motivator, high doses of stress can cause us to feel overwhelmed and, in some cases, trigger anxiety as well as a host of other mental and physical problems. Ultimately, stress helps us survive – by changing our perception of stress, there is potential to transform your life; this is evident based on research from Harvard*, where participants who were diagnosed with hypertension due to stress and were instructed to reappraise arousal by reframing stress as helpful rather than harmful, showed improvement in emotional outcomes as well as an increase in their cardiac efficiency. Even though we can’t get rid of stress completely, here are five ways we can manage stress and handle that heavy bag more efficiently: 1. Share the load with someone No one can do it all and that is perfectly acceptable. Your perception of stress may sometimes cloud your judgement and keep you from seeing solutions clearly. Asking for someone for help or even just talking to a friend, colleague, family, mentor or even a trained professional can help you put your challenges into perspective. Remember, seeking help is not a sign of weakness, but an expansion of your strength. 2. Manage your time No one can do everything at once to learn to put the bag down every now and then. There are instances when you may feel burdened to complete all your responsibilities within a short time span, don’t. Break down your responsibilities into smaller, manageable tasks spread out over a longer time frame and organize them according to their level of urgency. Note on tasks that can be delegated to others to do and remove them from the list. Remember to create buffer times for unexpected tasks and most importantly, relaxation and self-care. 3. Tend to those sore shoulders and aching back Self-care is not optional. You can’t always control the circumstances which life throws at you, but you can certainly take control of how well you take care of yourself. This is crucial for building resilience to cope with stressors on an everyday basis. Dr Rajita Sinha, director of the Yale Stress Center, in an interview for a documentary “One Nation Under Stress”, emphasizes on science-backed behavioural training that can help traumatized parts of the brain regrow. So, make time for sleep and power naps, maintain a proper diet (don’t skim on nutritious food and no, convenient and fast meals don’t count), exercise properly (taking those stairs up 5 floors count, too) and pamper yourself! Never feel guilty for taking a break because your body depends on it. Quick relaxation tip: tense and release each muscle group for about 5 seconds – starting from your feet, move up to your calves, next your thighs, continue with your abdomen, next to your hands, followed by your arms, move on to your shoulders and lastly, your neck. 4. Say ‘No’ to carrying more bags for others It doesn’t make you less nice as a person. Often, fear of conflict and FOMO become huge barriers to saying ‘no’ but the extra weight added onto our existing load can be too overwhelming to cope with. Think of some pre-prepared phrases to let other people down gently, such as ‘I’m sorry but I can’t commit to this because I have other priorities at the moment’. The people that genuinely care about you would understand. 5. Separate yourself from the bag Your challenges and responsibilities are external factors in your life, it isn’t who you are. Learn to recognize when you’re being too hard on yourself to get rid of negative self-talk that can be damaging to your self-worth. If you often compare yourself to others, stop it; you do you. If you often mull over your mistakes, stop it; mistakes are part of learning. If you often ruminate over your problems, stop it; remind yourself of your past achievements and then get creative to find solutions. There are three natural tendencies we react to stress – fight, flight or freeze; however, there comes a time when we need to actively choose to pause, breathe and take care of ourselves before we take on the next challenge head-on. Written by: Sybella Ng specializes in Developmental Psychology and is the Founder of THINKiNT, a company that incorporates psychology in training, consultancy and resources for people from all walks of life to help individuals live purposefully. She is an author, Child Development Specialist, rhythmic gymnastics coach, and FutureLab Mentor. To book her time on FutureLab, click here. Sources: *Jamieson, J.P., Nock, M.K., & Mendes, W.B. (2012). Mind over matter: reappraising arousal improves cardiovascular and cognitive response to stress. Journal of Experimental Psychology, 141 (3), 417-422. DOI: 10.1037/a0025719417
by Jeremy | 29 Mar 2019
Like it or not, what you currently do now in university is extremely important. You should treat this phase of your life seriously if you want to set yourself apart from all the university graduates. Did you know that there 173,457 fresh grads with a bachelor degree, and only 98,514 highly-skilled jobs available? Furthermore, you only have a 5% chance of securing an interview. To really stand out from the crowd, you need to start doing these five things: 1. Join volunteering activities Volunteering experience goes far beyond helping out in a pet shelter for a day or visiting an orphanage for a short period of time. Go above and beyond by providing your skills and expertise to help the organisation. You’ll be able to improve your skills and teaches you how to deal with people through the experience. Furthermore, employers value volunteering experience as it shows empathy and dedication. 2. Gain more experiences through internships and apprenticeship As you enter university, you should start looking for opportunities to gain professional experiences relevant to your course of study. However, you can also use internships to explore different industries as well. Internships provide opportunities to be trained by professionals, which accelerates your learning for specific skills that will help you during your career. 3. Take up leadership experiences At some point in your career, you would have to manage a team and deal with people. By taking up leadership positions in clubs or global student organisations, you will be able to gain experience working together in teams to achieve a goal together. 4. Create an online presence Your digital footprint is everything in these days and age. It becomes even more important when you apply for a job as your social media profiles will be checked by recruiters. By having an unprofessional profile, it could affect your chances of landing an interview with the company you have applied for. 5. Find a mentor It is crucial to have some guidance in your career and life. The most successful people have mentors from all walks of life. Your mentor will guide you, inspire you, and most importantly avoid the mistakes that they’ve made. You could easily find a mentor through your university alumni network or use FutureLab to find a mentor from different industries. Your career and future is entirely your responsibility, and it is never too early to start preparing for your future. University is the best time for you to learn about anything, it’s all down to how proactive you are. Source:
by Jeremy | 18 Mar 2019
The framework consists of 3-step-process for you to follow: Create your hypothesis – develop a career hypothesis that you might be interested in testing. This could be an industry, job, or function that sounds interesting to you. Test your hypothesis – read articles, speak to people working in the space, join competitions or programmes, or even landing an internship. Evaluate your hypothesis – after you test, take a step back and reflect on it. Then it is your decision to refine and continue testing your hypothesis or pivot to a completely new hypothesis. Creating your hypothesis In this first step, it is important that you come to the first interesting idea to get yourself started. Chances are you probably already have some workable interest. There are many ways you can arrive at your interests. This can come from classes, conversations, and readings. Some common example from our mentees expressing their interests: “I enjoy sciences but I don’t see myself working in research or a laboratory setting.” “I don’t have an interest in business school, but I love applying visual designs.” “I enjoy solving business problems for different companies with new technology.” As you’ve noticed, your interest statements can be general or narrow. That depends on how much thought you’ve put into your career aspirations. But the most important part is translating them into “I think I want…” statements. “I think I will work in the business function of sciences” “I think I want to work in UI/UX design within a company” “I think I want to work in consulting” Test your hypothesis With your career hypothesis in mind, it is now time to test whether it is something that you would want to pursue. It is important that you are able to quickly test your hypothesis and decide whether to refine or pivot your hypothesis. Here are some ways you can do to test your hypothesis, ranking from easiest to hardest: Reading online – this could come from online articles and forums, or even taking relevant classes. Joining a programme, competition, or event – competitions and programmes that specifically tailored to the industry or function that you’re interested could fast track your decision. Talk to people working in that particular industry – reaching out to people through your university alumni network, LinkedIn, or simply book a FutureLab mentor to know more about the industry you’re interested in. Intern in a company in that particular industry – basically mimics very closely to the day-to-day activities of the industry that you’re interested in. For example, If you think you want to in consulting. It is important that you start by googling about the industry first. Highlighting the top companies within the industry and what kind of services do they offer. In the process, start refining your hypothesis as you look for information. After some research, you find that strategy consulting (Find out what’s the difference between Big 4 vs MBB) is particularly interesting to you. So your new hypothesis should be: I want to work in technology consulting If you’re still interested, start pouring your efforts attending events, consulting programmes, or even competitions to validate your interest. Then taking a step further by reaching out to people who are already working in that industry. All in all, the goal is to constantly test and refine your hypothesis. Always remember to dig deep and focus on higher effort ways like networking, and internships. Evaluate your hypothesis So after putting in the time and effort, you actually went for a summer internship with a consulting firm. Then there are two possible outcomes: You LOVED your internship experience You HATED your internship experience You LOVED most of the internship experience This means that you can continue to build a specific hypothesis to explore the industry and truly understand where do you want to start off in the industry. So thinking about what you liked & disliked in-detail during the internship. Taking our consulting hypothesis as an example, you might be able to derive some interesting insights into technology consulting. You found that consulting is quite high paced and enjoyed the nature of it You enjoyed the high-level problem solving of consulting – working with directors You enjoyed solving business problems with cutting edge analytics for clients Then, you should take a step back and evaluate your hypothesis. Your refined hypothesis could be: “I think to want to work in technology consulting focusing on analytics” You HATED most of the internship experience Though it is the opposite of the positive experience, you learn a great deal about what you clearly don’t want in your career. It is extremely crucial that you reflect WHY you didn’t enjoy your internship and start refining or pivoting your hypothesis to move forward. Taking our consulting hypothesis as an example again, you might arrive at the following insights after your internship in technology consulting: You didn’t enjoy the unstructured and face paced environment of consulting You found it quite hard and technical to keep up with technology Then, you should take a step back and evaluate your hypothesis. Your new hypothesis could be: “I think I want to work in a slower pace environment in a commercial firm” Then you repeat the process over again, testing your newly refined hypothesis until you find you. In Conclusion Throughout the process, it is beneficial for you because you are able to learn about yourself at a much greater rate. Furthermore, this also helps you to systematically maximise your potential through experimentation and filling up your resume with solid experiences. Source: 2by22
by FutureLab | 12 Mar 2019
‘Leadership is a potent combination of Character and strategy’ – General Norman Schwarzkopf Leadership has long fallen into the category of the enigmatic. It is no longer the case considering the ‘deep dive’ neuroscientists, psychologists and industrial psychologists have taken into understanding the brain and human behaviour in general. For those that have a deep and driving desire to understand themselves better volumes of highly beneficial research are available to you. How willing you are to seek for and apply the infinite amount of knowledge out there is dependent upon your priorities, your ‘grit’ and your level of desire to personally transform and be impactful in this world. Most of all a strong belief in your own abilities to become a legendary business leader is a basic requirement for the alchemy from follower to a leader to take place. The human nature guru Robert Greene describes a strong character as follows: “Strong character has a tensile quality like a good piece of metal – it can give and bend but still retains its overall shape and never breaks” A character is who you really are, not what you want others to think of you. Who you truly are is especially revealed under the most challenging circumstances. How your investors, co-founders, employees and clients view you is highly dependent upon your actions during times of business crisis, failure or when you as an entrepreneur are faced with turbulent personal circumstances. The ability to authentically and empathetically (towards yourself and others) take a stand for your beliefs, admit (to yourself most of all) to your mistakes, rectify them (the highest and truest form of an apology) within times of strife and difficulty leads to a strong and unbreakable character. Through this writing you are strongly urged to reflect on the fact that a strong character will not fall from the sky and simply be bestowed upon you, instead, a strong character, akin to steel, is moulded and shaped by fire meaning that your character is mostly shaped by challenging times. As the late master poet Leonard Cohen said – ‘There is a crack in everything that is where the light seeps in’ Nothing is perfect and when you truly learn from failures and mistakes your wounds can become blessings, your tests can become testimonies and you can lead others to achieve the same. Those that have a slight and very determined smile on their face and maintain belief and even dramatically increase their levels of performance the moment they recognise that they have arrived within a highly challenging space are the ones that have trained for that exact moment. The Navy Seals say: “You do not rise to the challenge you fall to your level of training” All external information gathered within each moment enters the brain and is processed through the Amygdala first – that part of the brain that provides housing for the ‘fight or flight’ response. Information is first filtered through your very own doubts, fears and insecurities. If you have not worked on your own fears diligently and instilled habitual mechanisms of effective action triggered by fear your re-actions of lack of action (procrastination) will not be optimal at all. ‘Grit’ is born at the intersection of passion and perseverance and can be trained. Bravery can be trained. Leadership can be trained. Character although influenced by genetics can be trained. All tools to succeed at the aforementioned subjects are within us all, in a lot of cases lying dormant and anxiously awaiting your increased levels of awareness which will empower you to use the tools required effectively. As a practical example I coach my ‘Peak Performance’ clients to train for Grit in the following way – Choose a day of the week when you are especially tired and not in the greatest of moods force yourself to the gym and train the toughest muscle group for you (usually legs) and where you normally do three sets of squats do seven and make those sets harder than before in every way. Or again choose a day of the week again where you are very tired and instead of taking a plunge onto the couch to watch ‘Game of Thrones’ or whatever it is, go and hike, a long tough hike that will really test you. It does sound harsh but you will thank yourself when the tough times occur and they will, that you have willingly trained yourself for grit. On to the subject of Strategy which forms a potent combination with character and results in Leadership. Dictionary.com defines strategy as: A plan, method, or series of manoeuvres or stratagems for obtaining a specific goal or result. For a strategy to be effective a basic requirement of many requirements is that a clear and highly specific end vision and/or goal, and/or result must be defined. Visions, goals or desired results are often vaguely defined because the often subconscious fear of clearly defining our failures by setting clear and measurable goals plagues us. The mind struggles with finding solutions, answers and strategies when vague goals are set. It is also very hard to retain focus on anything that is very vague. As the importance of an effective plan to achieve your well-defined Vision and goals cannot be overstated I strongly recommend getting expert help to facilitate a future session. Once the desired end result, goals and vision is crystal clear we can ‘reverse engineer’ an effective plan that can actualise our dreams. We need to create a metric system that constantly, consistently and visibly measures our progress and success of our plan. The metrics will notify us of challenges and will signal a need for adjustments within our strategy. The very good news emanating from this article is that anyone can be a legendary leader should they not only sincerely wish to be a leader but also take effective action on becoming one. The starting point is to consistently and constantly build and mould an unshakeable character and add a clear strategy for your personal life and your business. Written by: Dirk Coetsee is an international Peak Performance coach, published business author, entrepreneur and FutureLab Mentor. He combines and creatively incorporates time tested Leadership and NLP (Neuro-Linguistic Programming) techniques to coach his clients towards success and fulfilment. Dirk is a qualified Master life and NLP coach. Click here to book his time on FutureLab.
by FutureLab | 26 Feb 2019
1. Networking opportunities While having the right connections for your students might, but it is also important to provide students with networking events to meet different people at once. Your events should also not only focus on the class year but by subject or topic. This allows students to meet people around a common topic outside of their class year! 2. Networking connections By setting up your alumni network, your students are able to connect and meet with alumni online. A strong alumni network provides your students with the connections to expand their job search and sources. In addition, your alumni are able to guide and advise your students to help land their first job. 3. Recruitment and job postings Having a platform for job postings would bridge the gap between your students and companies. This is not only limited to full-time employment, but also internship or job shadowing opportunities for students. 4. Job search training Your students will be able to have access to training materials or sessions to help them with their job search. This includes workshops on writing a CV, cover letter, or even interview training. You can also bring relevant mentors to help provide some pointers for your students to land their first job. How can FutureLab help? FutureLab has a portal that will help your students land their first job through reengaging with alumni. We have features that revolve on community engagement, such as event management tool, mentorship platform, and recruitment tools for your alumni network. To find out more, click here! Sources: Six Ways Your University Can Still Help You Get A Job – https://www.forbes.com/sites/carolinecenizalevine/2017/11/05/six-ways-your-university-can-still-help-you-get-a-job-whether-you-graduated-recently-or-years-ago/#d273155690cf 60 hiring Statistics You Need to Know – https://www.ebiinc.com/resources/blog/hiring-statistics
by FutureLab | 26 Feb 2019
1. Build your skills! In your chosen profession, find out the important skill sets needed for you to succeed. It is important to develop those skills to create job opportunities for yourself. But more importantly, develop a habit of lifelong learning. How should you do this? Google! The internet has a plethora of information and knowledge for you to learn. Apart from this, you should line up an internship to learn a specific skill. You could even start your own mini-project to pick up the necessary skills for you to succeed. 2. Refine your CV, but don’t rely on it! A good CV gives you a great impression and gets your foot through the door. As you become clear about your career goals, your CV should follow through as well. But don’t rely on it too much! Create a channel that represents who you are, these include LinkedIn, Twitter or Facebook. Share your what you’re working on show your potential employers what you’re doing! 3. Don’t focus primarily on the money! There is a chance, you may not land a lucrative position on your first job. It is important that you focus on being reflective of whether you would enjoy the nature of the work. You should also focus on the long-term value of the job. Would you be learning the skills that might be important in the future? Will you be working under a great boss? 4. Network with people! You could network with people from different places. It could be at career fairs, attending an interesting talk, or even networking events themselves. You can also leverage on digital platforms such as LinkedIn or even (shameless self-plug) FutureLab to meet and connect with people. How does this help you? Well, you basically have access to opportunities or jobs that are not listed. Most of the really great jobs are filled before it reaches the company’s website or any job search platforms. Network and be genuinely interested in befriending with people from the companies that you are interested in! How can FutureLab help you in landing your first job? With over 300 mentors on our platform, you can easily speak to anyone from different industries to gain invaluable insights. It is also a great platform for you to start networking with professionals from the industry. Book a mentor now at FutureLab and be one step closer to landing your first job!Source: https://www.forbes.com/sites/davidkwilliams/2014/07/23/7-unconventional-ways-to-land-your-dream-job/#1301f4c41582
by FutureLab | 19 Feb 2019
1. Provide job shadowing or internship opportunities If a student is interested in pursuing engineering, he or she can shadow an engineer or intern in an engineering company to understand their day-to-day routine. This would help shed light on what they should expect from the profession. Furthermore, it helps them to be better prepared to build their careers from there. Finding job placement or shadowing a challenge? Reengage with alumni who are willing to provide these opportunities for your students. Our FutureLab Portal has a feature that can help you manage recruitment between your students and alumni. 2. Help your students connect to people from the industry Talking with someone from a particular industry also helps your student explore whether or not if it is something that they are interested in pursuing. Your students will gain a rough idea of how they could pursue the profession in terms of education. Tough to find professionals who are willing to help or guide your students? Your alumni network could be your go-to to help your students. By using FutureLab Portal, you are able to provide a platform for your students to connect with professionals from various industry. 3. Organize career days for your students Apart from meeting people from different professions or industry, you can organise a dedicated day to let your students learn about multiple industries. This could be extremely helpful for them to decide what degree to pursue and where they want to go to university. Find event management a tedious process? Our FutureLab Portal has a handy event management tool for your organise events frequently for your students to attend. This tool allows you to focus on making an impact on your students, while our Portal handles the administrative process for you.
by FutureLab | 15 Feb 2019
1. Gain direct access to a pool of talent and expertise Long gone are the days where your alumni only attend open days, seminars, forums and fundraising events. Your alumni play a bigger role in engaging with your students to provide guidance and mentorships. Your institution can also reach out to alumni who took an innovative career-finding path to inspire and guide your students. 2. They are the champions for your education institution Your alumni help establish the institution’s reputation. They become global champions of your institution and prove to be invaluable in providing prospective students with insights in studying at your institution. With this special connection between your alumni, they become better brand ambassadors for your university. 3. They bring opportunities to your students With a strong alumni network, your alumni could share unique opportunities for personal and professional development for your students. These opportunities could include employment, internships, job shadowing, or even mentorships and advice. By involving your alumni in your students’ development, you could boost your students’ employability for their future. 4. Encourage donations With an engaged alumni network, your institution can also sustain through fundraising efforts. This is essential to provide possible avenues for your institution to improve student development opportunities, facilities, and even provide scholarships to deserving students. Help your institution benefit from an engaged alumni network. When students feel supported by your institution and alumni, they will return to give back to your institution and society. If you want to reconnect with your alumni, click here to know how! Sources: Universities should see alumni as a talent pool not a money pot – https://www.theguardian.com/higher-education-network/blog/2013/feb/19/university-alumni-careers-coaching-networks The importance of the alumni network – https://www.redbrickresearch.com/2015/10/29/the-importance-of-the-alumni-network/
by FutureLab | 12 Feb 2019
1. Gain direct access to job placements In this competitive employment landscape, the traditional medium for students to look for job placements is often not enough. A strong alumni network provides an additional channel for students to look for job placements. These placements can include job shadowing, internships, or full-time position. This exclusive access would give your students one step closer to their dream job. 2. Receive career guidance With the significant job disruption, it is important that your students stay relevant to emerging skills and jobs for the future. By connecting your students with your alumni, it can immensely help by providing them with practical advice, insights and guidance in their career development. These alumni were once in their shoes, making them relatable and willing to help your students. 3. Opportunity for personal development A mentor would help students with their personal development. However, finding a suitable mentor could be difficult for students. With a great alumni network, students are able to find mentors easily for personal development. This also provides your institution to run your very own structured mentorship programmes. 4. Building networks and relationships As the classic saying goes, your network is your net-worth. Students would be able to have direct access to opportunities and advice that will help students to become successful in the future. Apart from that, students have the support of their alumni network to meet and foster new relationships that will last a lifetime. Nobody knows what today’s students will achieve, but it is important that we provide the best platform for students to learn from accessible mentors to achieve their dreams. When the time comes, they will, in turn, give back in the future. If you are interested in launching your Alumni portal with FutureLab. Click here to sign up for a free trial now! Sources:
by FutureLab | 15 Dec 2018
This post includes seven key ways to unleash your potential and make those dreams that you foster a reality. Most business people of course want to increase profits and career oriented individuals want to exponentially increase their salaries at the same time of course all of us want to find fulfilment and happiness. Acting on the seven keys creates a balance in your life that results in business and career success, peace and happiness. Amongst other techniques and practises I coach these keys to my corporate and individual clients towards inspiring them towards fulfilment and sustainable success. 1. Control your mind. Your mind can be like a monkey running in all directions with no real intent or purpose until you guide and focus it. You have control over your thoughts albeit that mind control requires daily and focussed effort. When you are in control of your thoughts and focus them on what you want to achieve in a positive, creative and constructive way you are more powerful and peaceful at the same time. 2. You do not attract what you want but instead what you are. You are nothing but the collective of your beliefs. There are beliefs that you entertain that serves and empowers you yet there are also beliefs that you entertain that distracts you and affects you negatively. You have to firmly believe in your abilities and vision as an entrepreneur to attract the right partners, investors and talent to support you in making your dreams a reality. In this way you are like a magnet attracting your inner beliefs to you both those that serve you and those that does not. Therefore carefully consider and work on what you believe. Key to the process of Peak performance in any area of your life is to remove the beliefs that you have that places limitations on your performance such as for example ‘I am not worthy’. There are various coaching techniques that a coach can use to remove the limits from your thinking and inspire you to have an unshakeable belief in yourself. You have to be confident to attract confident people to you. You have to believe in your business purpose to attract clients , partners and team members that also believe in what you are doing. 3. Use fear, doubts and insecurities as triggers to take action. Special Forces operators, top sport performers and top entrepreneurs often appear to be fearless yet that is not true. Top performers use their fears, doubts and insecurities as prompts to take positive and immediate action as opposed to allowing your fears to cripple you into prolonged periods of procrastination. 4. Build enduring relationships based on trust. Businesses and lives develop ‘at the speed of trust’ because when there is mutual trust between business or sport team members decisions can be taken rapidly and ensuing actions are more powerful , confident and rapid. When there is a low level of trust in teams a high level of procrastination, slow execution with a low level of confidence is often a result. 5. Do what you love. Albeit a cliché it is a fact that you spend a lot of precious time at work and it is a sad scenario if you daily and constantly do something that you do not even like at all. When you do what you love you are automatically more fulfilled and peaceful and as a result you are just better at it. 6. Love your team. Leadership is the ability to create results through other people and to create other leaders. Care for your team and create a safe, fun and creative environment fuelled by a shared purpose and values within which others are inspired to achieve. 7. Use your business or career as a vehicle to solve a “big challenge.” The bigger the problems are that you solve through your business or career the more sought after you will be. As an example through ‘Peak performance coaching’ I solve the big problem of people being unsuccessful, unfulfilled and unhappy within their businesses, careers and lives. Written by: Dirk Coetsee is an international Peak Performance coach, published business author, entrepreneur and FutureLab Mentor. He combines and creatively incorporates time tested Leadership and NLP (Neuro Linguistic programming) techniques to coach his clients towards success and fulfilment. Dirk is a qualified Master life and NLP coach. Click here to book his time on FutureLab.
by FutureLab | 18 Oct 2018
Overall, the survey covers 30 countries and surveyed more than 175,000 employees. The winners are selected from the 75 largest employers in Malaysia, based on local workforce size. The outcomes are based on public perception and focus on three main areas: Overall Brand Awareness, Absolute Attractiveness, and Relative Awareness. This creates a level playing field for all competing companies instead of giving an advantage to large multinationals with higher name recognition than the smaller companies. The awards are not open for nomination and the results are based solely on the opinions and votes of the local workforce – making it the only award that is truly representing ‘the people’s choice’. Here is a breakdown on the top 10 employers in Malaysia this year: 10. Malaysia Airports Holdings Berhad (MAHB) Image Credit: careers.malaysiaairports.com.my Malaysia Airports Holdings Berhad (MAHB) is a Malaysian airport company that manages most of the airports in Malaysia. It has its head office in the Malaysia Airports Corporate Office in the Persiaran Korporat KLIA in Sepang. MAHB’s present corporate structure includes several operating subsidiaries, including Malaysia Airports Sdn. Bhd. (MASB), Malaysia Airports (Sepang) Sdn. Bhd., Malaysia Airports (Niaga), and many more. In total, the Group has a total staff strength of over 10,000 deployed across 39 offices nationwide. To learn more about career opportunities with MAHB, click here. 9. Tenaga Nasional Berhad (TNB) Image Credit: tnb.com.my Tenaga Nasional Berhad (TNB) is the only electricity utility company in Peninsular Malaysia and also the largest publicly-listed power company in Southeast Asia. The company is listed on the main board of Bursa Malaysia and employs approximately 33,500 staff to serve a customer base of over 8.4 million in Peninsular Malaysia, Sabah & Labuan. TNB’s core activities are related to the generation, transmission, and distribution of electricity across the nation. TNB operations currently span across several nations outside Malaysia, including Indonesia, India, Pakistan, and Mauritius. To learn more about career opportunities with TNB, click here. 8. Sunway Image Credit: sunway.com.my Founded by Jeffrey Cheah, Sunway Berhad (or Sunway Group) is a Malaysian conglomerate company. It was formed following a merger between Sunway City Berhad (SunCity) and Sunway Holdings Berhad in 2011. Following the success of the Sunway City township, the Group diversified into property investment, leisure and entertainment, hospitality and healthcare. Today Sunway maintains property development and construction as its two core businesses and key contributors to company profitability. To learn more about career opportunities with Sunway, click here. 7. Hewlett-Packard Enterprise (HPE) Services Image Credit: careers.hpe.com Hewlett-Packard (M) Sdn. Bhd. manufactures personal computing and access devices, servers, and imaging solutions for consumers, enterprises, and medium businesses. The company was founded in 1978 and is based in Kuala Lumpur, Malaysia. Hewlett-Packard (M) Sdn. Bhd. operates as a subsidiary of Hewlett-Packard Enterprise (HPE) Company, an American multinational enterprise IT company founded on 2015 as part of splitting of the Hewlett-Packard company into HPE and HP Inc. The latter business entity retained the old HP’s personal computer and printing business. To learn more about career opportunities with Hewlett-Packard Enterprise, click here. 6. Sime Darby Image Credit: simedarby.com Sime Daby Berhad is a major Malaysia-based multinational conglomerate involved in 5 core sectors: plantations, property, industrial, motors, and logistics. With over 100 years of experience and a workforce of more than 20,000 employees, Sime Darby is headquartered in Kuala Lumpur, and has operations in 18 countries and territories across the Asia Pacific region. To learn more about career opportunities with Sime Darby, click here. 5. IBM Malaysia Image Credit: newsinti.edu.my IBM was first established in Malaysia in June 1961 and, since then, has played a major role in delivering solutions to all types of Malaysian businesses across all industries. Over the decades, IBM Malaysia has contributed toward assisting Malaysia achieve its vision aligned to the national agenda. Over the decades, the company continues to provide state-of-the-art technologies, enabling local companies to compete effectively both locally and globally. IBM Malaysia moved into its new MSC-certified HQ building in Bandar Utama in 2006. To learn more about career opportunities with IBM Malaysia, click here. 4. AirAsia Image Credit: flickriver.com AirAsia is a leading Malaysian low-cost airline service headquartered near Kuala Lumpur. It is the largest airline in Malaysia by fleet size and destinations with domestic and international flight operations to over 165 destinations spanning across 25 countries. It has several affiliate airlines across the region, including Thai AirAsia, Indonesia AirAsia, Philippines AirAsia, AirAsia India, and AirAsia X (which focuses on long-haul routes). Over the past 10 years, AirAsia has been consistently awarded by Skytrax as the World’s Best Low-Cost Airline, from 2009 to 2018. To learn more about career opportunities with AirAsia, click here. 3. Nestlé Malaysia Image Credit: nestle.com.my Nestlé first made its mark in Malaysia in 1912 as the Anglo-Swiss Condensed Milk Company in Penang and later expanded to Kuala Lumpur in 1939. Today, Nestlé Malaysia now employs over 3,500 people and manufactures as well as markets more than 300 Halal products in Malaysia. Known to consumers of all age groups, their household brands include Milo, Nescafe, Maggi, Drumstick (ice cream), Kit Kat, and many more FMCG items. To learn more about career opportunities with Nestlé Malaysia, click here. 2. Shell Malaysia Image Credit: paultan.org Shell is known as a global group of energy and petrochemicals companies that currently employs around 92,000 employees over than 70 nations. Shell has been a partner in fuelling Malaysia’s progress for over 125 years. Their journey with the nation is intertwined – in as much as Shell has played a role in growing the country’s energy sector, Malaysia has also played a significant role in the company’s progress. Today, Shell continues to be one of the top employers in Malaysia with 1,000+ employed in our upstream, midstream and downstream businesses, as well as in service and support functions. To learn more about career opportunities with Shell Malaysia, click here. 1. Petroliam Nasional Berhad (PETRONAS) Image Credit: TalentCorp @ Twitter PETRONAS (short for Petroliam Nasional Berhad) is a Malaysian oil and gas company that was founded in 1974. Wholly owned by the Government of Malaysia, the corporation is vested with the entire oil and gas resources in Malaysia. Petronas is ranked among Fortune Global 500’s largest corporations in the world. Fortune also ranks Petronas as the 12th most profitable company in the world and the most profitable in Asia. Since its incorporation, Petronas has grown to be an integrated international oil and gas company with business interests in 35 countries. To learn more about career opportunities with PETRONAS, click here. Written by: Lucas Khoo – Prospects ASEAN Lucas is an Employer Branding Consultant at Prospects, a professional development and networking company that helps top employers shape their workplace of the future through employer branding and access to millennial talent pipeline. Lucas graduated with a Masters in Chemical Engineering from the University of Birmingham. Lucas is interested in the topics of digital marketing, content writing, data analytics, and Southeast Asian regional development. ProspectsASEAN.com is Southeast Asia’s premier resource centre on careers, education and personal development – ensuring ASEAN students, graduates and young professionals have access to the best tools, information, opportunities and expert advice before making a decision on their education and career direction. This article is published on the Futurist with the writer’s consent. This article was written by Lucas Khoo and originally appeared on Prospect ASEAN. You can read the original post here. Featured Image by Rodolfo Cuadros on Unsplash
by FutureLab | 26 Sep 2018
When MNCs grow internationally, the question of whether to depend on ERP systems at their new branches is a much debated one. With far lesser employee numbers in these new areas, MNCs are often at a loss whether to rely on its otherwise costly ERP or strategically hire an outsourcing provider in its place. Outsourcing providers, on the other hand, are usually shy to approach large MNCs. One assumption is that they (being global corporations) need no local support at all; let alone sealing a deal with them. However, reality is far from what meets the eye. Here’s why: Everyone wants to economise, and MNCs are Top on That List Enrolling ERP systems in foreign locations is an expensive affair, especially if you are servicing small number of employees. MNCs understand that outsourcing providers operate in huge scale and provide foolproof service both in terms of quality, data security and timely pay. Hence their only alternative is an outsourcing provider – who can provide unified HR and payroll solutions for a good price. International Banking and Payroll Delay Rolling out salaries through international banks to employees stationed in other continents can be very tricky. Often these transfers are carried out at the risk of random deductions and hidden charges. Penalties and service fees are other hurdles that MNCs need to negotiate during every pay cycle. This, in turn, spills over to other non-pay related factors like insurance, severance and medical benefits. If MNCs take a long time to address these glitches, it can have serious ramifications on employee morale and performance. Single point of contact MNCs based in operating markets like, say, the ASEAN, would prefer a single contractor based out of a single location rather than multiple offices. That said, they are also happy to receive communication in one language even though payroll, processes and paperwork are carried out in other local languages. Business Standards and Corporate Laws MNCs listed under exchanges either in the Eurozone, Americas or Eastern regions are bound by regional business laws. Corporate laws like the Sarbanes-Oxley (SOX) Act of 2002, for example, controls financial dealings of all MNCs listed in the USA. What applies under this Act must be implemented in the company’s financial transactions even if the company operates in Asian markets. Payroll providers are well aware of such requirements and even help meet domestic statutory regulations that are central to the MNC’s survival in the operating market. A Business Partner-cum-Regional Manager While merging, expanding or even starting up pilot ventures, MNCs are always looking for support on labour cost knowledge, payroll monitoring and employee mobility. Hiring an outsourcing partner automatically guarantees MNCs a negotiator, people manager and legal advisor. This creates an environment where companies can flourish without having to worry over minute but critical delivery factors. Feedback & Reporting at all Times The alliance makes them a strong voice in strategic decision-making and reporting discrepancies in banking and other monetary affairs. The company also stands to benefit from visa/immigration advice while hiring large foreign workforce. As the MNC grows in the continent, the outsourcing company can always be relied on to provide consistent, accurate and prompt services regardless of another merger, transition, or exit of a country manager. For any MNC, the question always comes down to how it can manage affairs at the ground in a manner that is seamless, inexpensive, effective and consistent. Payroll outsourcing providers have always been the best option to ensure excellent regional management. Written by: Manish Mehta, Co-Founder of Propay Partners Manish is a frequent contributor for the New Straits Times, SME Magazine, The Edge and others. He has also spoken at seminars organised by the ASEAN Strategic Leadership Institute, Marcus Events and was also interviewed by Business FM radio station. Passionate, energetic, and soft-spoken, Manish is well-loved by colleagues within and outside the company for his highly systematic and process-driven work. Under his leadership, Propay Partners has grown in leaps and bounds and continues to expand in the ASEAN region. To view more of his content, click here.
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