06Jun

In the press of business, while we’re rushing from one meeting to another, answering emails, hustling to get another report done by the deadline, it’s easy to forget to say “Thank you.” That’s why 25 years ago today was declared Employee Appreciation Day.

We all know how important it is to recognize each other for the contributions we make. It’s especially important for managers to acknowledge not only the special efforts employees make, but their day-to-day performance. Because it’s what people do each day that make a team, a department, a division and ultimately the entire organization successful.

Dr. Bob Nelson understood this when he wrote 1001 Ways to Reward Employees in 1994. Realizing that managers too often neglect offering even a simple thanks for a job well done, he came up the idea of a day to encourage bosses to recognize their team.

“I’m a big advocate of using recognition on a daily basis,” Nelson told Business Insider. “By no means is Employee Appreciation Day meant to be this one day to thank people or this one day to bring in doughnuts… But I did want to have one day where we could call attention to the topic and have conversations about its importance.”

As you can tell by reading this blog post, he was successful. Appreciation and recognition have become indispensable parts of good management. Dozens, perhaps hundreds of studies tell us recognition is as essential as a fair wage to a motivated workforce.

At Green Key Resources we try hard to remember to say “Thank You” and to show appreciation for the good work everyone does.

In honor of today, we want to publicly take the opportunity to say

Thank You everyone!

We appreciate your hard work, dedication and loyalty. The contribution of each team member is what makes us the organization we are.

Thank you for all you do!

Photo by Dakota Corbin on Unsplash

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How to Provide Growth Opportunities

Encouraging growth opportunities in the workplace is crucial for employee retention. Providing professional development, training, and mentorship shouldn’t just start and end at onboarding. In a time when many are leaving careers for jobs more suited to their needs, it’s important to consider how you’re treating, and advancing, your employees.  

To guide you in the right direction, we’ve outlined a number of ways you can provide growth opportunities for your employees and maintain retention.  

Mentorship and coaching 

We recently posted an article stressing the importance of mentorship in the workplace, featuring a couple of Green Key’s own employees and their experience. Many professionals find that they respond better to open lines of communication, rather than demands. Being able to learn directly from someone who has years of experience, and build your goals and expectations together, helps both employees to grow from each other.  

Learning Management Systems (LMS) 

An LMS is an online training platform that aids professional development. Glassdoor describes the benefits by saying, “Rather than investing valuable time training new hires or working one-on-one on redundant training programs, businesses can utilize LMS software to move that training into an eLearning platform. Not only does LMS software streamline the employee training, but it allows the organization to deliver consistent material and uphold their quality assurance.” Essentially, an LMS enhances training by providing continuous resources and materials for employees throughout their time at the company.

Follow-ups and feedback  

Always remember to maintain check-ins with your employees. This allows them the opportunity to ask questions, determine room for improvement or goals, and discuss any concerns they may have. Indeed says, “Hearing constructive criticism is an important part of learning what areas you need to improve. Even getting positive feedback is beneficial, as it boosts your self-confidence and helps you realize what your strengths are.”  

Recognition and rewards 

Recognizing employees for their exceptional work can aid in motivation. During The Great Resignation, many professionals felt underappreciated, and their efforts went unnoticed. When employees feel valued in their roles, their loyalty to the company and work performance increases. Try to create an encouraging environment for your employees – they will surely notice, and reciprocate the respect. 

Here’s Where to Look For News

In the fast moving world of alternatives, one of the challenges is not just staying on top of the financial news, but trying to be ahead.

There’s no shortage of information. Fund managers employ highly-paid analysts using sophisticated computer programs and artificial intelligence to sift through the firehose of news and data to detect actionable patterns and trends.

But when professionals (and more than a few investors) look for news about what others are doing, how they’re performing, competitors, and trends and developments in the world of alternatives, they rely on the many online blogs and publications to stay up-to-date.

Especially for newcomers to field, knowing which are the best, which are the must reads, is not easy. Just identifying blogs specific to alternatives is time-consuming. Fortunately, a few sites have done the work.

From the various lists, we pulled five that appear among the top on each of the sites we consulted. We’re not saying these are the best or the top sources for information about alternatives or hedge funds – though each is newsy, current and well trafficked. Make that decision yourself.

  • CNBC – Provides breaking and other news of the sector. Though many posts are limited to paid subscribers, articles are exclusive and detailed.
  • HedgeWeek – Part of the Global Fund Media Ltd. network focusing on hedge funds. Oriented toward providing industry news with multiple daily updates. Other features: newsletter, special reports, webinars.
  • Opalesque – In-depth and detailed news and commentary on hedge funds and alternatives. Well-regarded and highly knowledgeable, sponsors roundtable discussions among fund managers and investors discussing issues and trends. Limited free subscriptions.
  • Preqin.com – Not a traditional blog, but a data and research provider covering the full range of the alternatives sector. Some of the research is free to registered subscribers. Especially useful are quarterly reports and Preqin Insights posts.
  • Hedgeco.net – Its primary value lies in its database of hedge funds which includes detailed, if not always completely current, information about thousands of funds and managers. The sites includes some news of funds and managers. Free subscriptions are available.

Some others to review:

  • The Hedge Fund Journal – An online magazine of the industry.
  • Risk.net – Not exclusively about alternatives, the site covers risk management, derivatives and regulation with a section devoted to hedge funds.
  • AllAboutAlpha – This is the blog of the Chartered Alternative Investment Analyst Association. Not a news site, the blog includes a broad range of issue-type articles, analysis and commentary by a variety of industry professionals.
  • ManagedFunds.org – The blog of the Managed Funds Association, a trade group.
  • Hedge Fund Law Blog  A service of the Cole-Frieman & Mallon law firm.

Photo by Markus Spiske on Unsplash

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