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Critical Tests to Ensure Critical Calibre in Your Employees

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Critical Tests

A huge number of employers are managing critical thinking assessment tests during their recruitment process.   This is exclusively designed to test the decision-making skills of an applicant. It is mainly based on standard critical thinking.  Critical thinking demands a candidate to discover and define the issues and problems, collect essential information needed and expectations made, cater possible clarification to the problem, examining alternatives to select the finest solution and finally making conclusions to reach at a right and effective decision.

The right test for critical thinking ability is suitable for hiring at all levels like mid managerial and senior decision-making levels. These tests are used to assess the applicants on three chief areas like

  • Proper recognition of Assumptions
  • Exact evaluation of arguments
  • Drawing conclusions

This all constitutes – Inference and Interpretation. The applicants are given diverse types of situations and statements to examine them on the above mentioned skills. The test is carefully scheduled to check the speed and correctness of candidates on reaching the conclusions. Once you have a test like this one, you can be sure about the critical abilities of your candidates. These are the tests that are both used as pre-employment test and promotion test. If you are recruiting some candidates for some important roles in your business, you have to be sure about their calibre and effectivity. You have to take steps to ensure that they are absolutely equipped with some sound critical abilities. What is the point if they don’t have a critical vision towards things? What is the point if the candidates are unable to tackle with a p [problem in an efficient manner? it would be a good thing to know about these calibres of your candidates before you change them into your employees.

Problem solving & decision making

The most important ingredient of an effective business setup is problem solving skills. If your candidates are good at their respective areas and tasks but they don’t have a neck at solving problems that won’t be a good thing for your business growth. You have to possess the right employees who know how to deal with the problems in the most prolific manner. Problem solving is really crucial in this present world. Anytime you can encounter a problem in your work and you should have some skills and knowledge to tackle with the situation.  If a problem does not get solved within time and efficiently, it can be disastrous for your business. When you have critical Reasoning Test in your recruitment drive, it would assess the problem solving capabilities of the candidates taking part in the hiring drive.

Then decision making is another important ingredient of productive staff. No matter how skilled or intelligent your employees are; if they don’t have the skills to undertake the things and take decisions when needed; they won’t be an asset to your business. There are always instances when you have to take decisions to ensure that the business grows.  If your employees hesitate to take decisions and they simply delay the things for this reason, it can turn out to be a loophole for your business growth. It is important that your staff members have the guts to take decisions when the need arises. In the absence of decisions, nobody can gain any effectiveness. Your business can collapse like a house of cards in the absence of decision making skills. Hence, there is a lot of prestige and importance associated with this attribute. You can make sure that your candidates have professional skills and knowledge to deal with the problems and take decisions with the help of critical testing. These tests are designed to get you the best information.

Customised tests

Even if you have some specific demands with the tests, you can always go for the customised versions of your critical tests. These critical tests are available in abundance and you can pick as per your requirement. However, if you want some specific things to be added or removed from the test, you can always get the test customised. In this way, you can be sure that your candidates are getting measured in the most prolific manner. There are many businessmen who use these tests to ensure that they are testing the areas of the candidates that matter the most to their business. Tests are always result oriented and get you the clear picture.

No partiality in critical tests

Many people have a doubt about the impartiality of the tests. Well, if you are new to the concept of pre-employment critical tests then it might surprise you that these tests are made in an exclusive manner. The tests are absolutely effective and not at all partial. Since the test has all questions same for everybody, there is no doubts about the genuineness of the test. Similarly, even the recruiters cannot do anything in this aspect. All the candidates give this test and then end up with a score as per their calibre and intelligence.  On the basis of these tests, the recruitment team make a decision. Certainly the pre-employment test is blended with the interview and resume too.  Maybe there is some amount of possibility of partiality in interview but not in these pre-employment tests. Scores are clear for everybody to see and whoever scores better, gets a seat in the next level of recruitment procedure.

Conclusion

So, in this complex and competitive world, critical thinking test is must for employees. You have to make sure that your staffs are equipped with critical thinking skills and for this you can use the best tests during the recruitment drive.

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The Best Type Of Equity Mutual Fund To Invest In Now For The Medium Term

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equity mutual funds

The medium-term varies from person to person, so the choice of fund type varies. As far as this issue is concerned, I think the medium term is 4-6 years. At this time, one can quickly get benefits from the ELSS scheme, or no hybrid fund will do well. Now investing is a personal choice. Those who know the medical industry would prefer to invest in the pharmaceutical sector, while those who want to take the risk can choose a fund that invests in small and medium-sized companies, and a person seeking a fixed income can go for a debt fund. Therefore, choose a mutual fund as per your choice.

As the risk exposure is high, equity mutual funds are not suitable for the medium term.

  • Some of the equity funds last year, when the Sensex crossed 23000, have received negative returns of over 10 percent.
  • If you want to invest for a period of fewer than 12-15 months, then it is better to invest in mutual bond funds, which can contribute to 8-10%.
  • If you have a period of more than 15-24 months, invest in a balanced mutual fund with exposure to equity of 60 percent.

If you invest in equity mutual funds, you need a much more extended period. By investing in mutual funds, the rate of inflation falls and your money increases on a long-term basis. You can also choose the best 2-3 funds and create a SIP portfolio. More diversification is also not good for the portfolio.

Equity mutual funds to achieve your long-term goals. While a ‘best’ fund is arbitrary and complicated, a good list of your portfolio can be narrow. Has a laundry list of equity funds with a good track record; Here are some essential considerations that you need to keep in mind before choosing for yourself:

  • Select a fund house that has a strong global or domestic track record in asset management.
  • Choose a plan that has appropriate funds.
  • Watch for schemes that have a consistent long-term track record.

If you want to save taxes under Section 80C, then choose these ELSS schemes

  • Birla Sun Life Tax Relief 96 Fund
  • DSP Blackrock Tax Saver Fund
  • Franklin India Tax Shield Fund
  • Axis Long Term Equity Fund
  • ICICI Prudential Long Term Equity Fund 

In the Large-cap

  • SBI Blue Chip fund
  • Kotak Select Focus fund
  • Franklin India Oppor.
  • BNP Paribas Equity fund
  • Reliance Focused Large Cap Fund
  • Birla Sunlife Frontline Equity Fund 

In the Multi-Cap 

  • ICICI Prudential Value Discovery Fund
  • Reliance Equity Opportunities
  • DSP Blackrock Opportunities 

And these funds have done well in small/mid-cap

  • Birla Sun Life Midcap
  • Franklin India Smaller Companies 

For medium investors

  • SBI Magnum Multi-Cap
  • Kotak Select Focus Fund- Regular Plan

All of these are superb funds with a long track record and growing corpus. While aggregate returns in the equity world can be unpredictable, given enough time, they will undoubtedly beat inflation by a significant margin.

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How to Tell Between a Good and Bad POS

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Good and Bad POS

As traditional cash registers are becoming a thing of the past, retailers are looking for the best options for replacements. This means finding a device and software that can not only handle standard register functions but can also facilitate online and device based transactions.

The current ideal for POS devices is the Booker Clover, and with good reason. However, not all POS devices and software are the same. Here are some ways to weed out sub-par performance from top-of-the-line devices.

Compatibility

The goal of any good POS system is an ability to work under a variety of conditions with a large number of businesseses. While having previous software limitations, updates in devices like the Merchant Account Solutions Clover station make it ideal for a much wider audience.

An update to 2.0 software makes these stations readily usable for a wider array of restaurants, retailers and service companies. The addition of a larger screen and fingerprint scanner makes transactions even easier as opposed to other POS products that limit finalization of sales.

Portability

There are situations when being locked to a storefront kiosk isn’t the best situation. Older POS devices don’t have the ability to allow transactions away from a static device, let alone offering the ability to take it on the road.

For many retailers, having a device like the handheld Cloverflex gives them the freedom for tableside or even curbside checkout. For those who find themselves frequenting outdoor experiences like crafts fares and sporting events, such a device offers all of the benefits of a stationary POS machine wherever they go.

When choosing a POS device, businesses need to make sure their machine can do everything they need to stay competitive. Searching online for the best partners will make sure you get the highest quality Booker Clover unit that will change the way you do business for the better!

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Larry Polhill Stresses on the Importance of People Management in the Corporate World

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Management in the Corporate World

One of the key aspects of being a successful manger would be to leverage the experience and technical skills a person has in order to get the required job done.  The success of a manager is largely dependent on their distinct soft skills. According to Larry Polhill, people management skills are one of the most integral aspects of such a skill-set.  He especially is a prominent professional who has worked in the management industry for quite a few years.  With his expertise, knowledge and skills he has managed to climb up the corporate ladder quite successfully, and currently works at a position of a Chief Operating Officer or CEO.

Larry Polhill points out important people management strategies and skills

Management, in its very essence, is typically considered to be definitive purposive activity that is focused on directing group efforts towards attaining distinct pre-defined and determined goals. Managers should have the necessary skill-set and talent required to lead the team of a company, and encourage them to work to the best of their capacity. Larry Polhill highlights that it is important for every good manager to have certain people management skills in order to be able to complete their duties in a competent manner. Mr. Polhill served as a manager in Capital Foods, LLC, and hence is quite well acquainted with various types of managerial duties, as well as the skills required to complete them.  He also has quite an extensive background in the domain of Corporate Finance, as well as Mergers and Acquisitions. He is currently working as the COO of the American Pacific Financial Corp. (APFC).

According to Larry Polhill, managers should be well versed with diverse types of people management strategies and skills. Here are a few of them:

  • Understand the dynamics of human behavior: Knowing and understanding the dynamics of human behavior is one of the most critical aspects of people management.  Mangers should understand that every person acts and reacts in a different manner when faced with a certain situation. Their reactions can stem from multiple factors, including their ideology, beliefs and culture.  Understanding the behavioral types and social conditioning of various company employees can help managers to acquire a better insight on how to deal with them appropriately.
  • Implement communication transparency: Once managers have acquired adequate understanding of the behavioral types of their staff members, it would be the time to implement communication transparency for them. Ensuring smooth flow of communication in an organization creates an atmosphere of trust there. To build this trust, managers should typically share their plans, decide important milestones, and map out the steps to be taken to achieve them along with their staff.
  • Give a sense of ownership to the company team: Managers should lead their distinct teams by example, and entrust the members with specific tasks that is perfect for their individual skill-set. Providing a sense of ownership and belonging to the team members can help them to augment their confidence level and encourage them to proceed towards achieving mutual successes.

In the opinion of Larry Polhill, managers would be able to competently handle their team by following effective people management strategies.  

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