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Business news overview

Weekly business overview: 12 – 16 September

๐Ÿ‘ฉโ€๐Ÿ’ผAn overview of last week’s (12 – 16 Sep) business news brought to you by Opulence College (RTO 45644, CRICOS 03878K)ย 

๐Ÿ‘‰Are you too busy to keep up with the news everyday? Is all the jargon and technical terms on the news confusing you?

๐Ÿ‘‰ Every Monday, we will summarize the previous week’s main business news in a nutshell.

Comment below for any content that you want to find out in more detail, we may prepare a special corner for it!

๐—ข๐—ฝ๐˜‚๐—น๐—ฒ๐—ป๐—ฐ๐—ฒ ๐—–๐—ผ๐—น๐—น๐—ฒ๐—ด๐—ฒ

CRICOS 03878K | RTO 45644

————————

Phone: (+61) 261 018 650

Email: enquiry.act@opc.edu.au

Website: https://opc.edu.au

Canberra campus: Mezzanine Level, 15 Moore Street, Canberra ACT 2601

Melbourne campus: Suite 802, Level 8, 474 Flinders St, Melbourne VIC 3000

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Some Sustainability Strategies for Businesses

A sustainable approach to business is vital for its positive environmental effects and on top of that, it contributes to a business’s overall financial success over the long term. Here are some common sustainability strategies that most companies can implement.

 

1. Go paperless

Becoming a paperless business is a great way to reduce a business’s carbon footprint. Implementing this strategy can never be more accessible thanks to the rise of technology now a days. There are many technological solutions for replacing paper, and a good example would be using accounting software for paperless billing.

 

2. Conduct ethical procurement

Being sustainable is not only about the business but also its suppliers and the corresponding practices. Maintaining a stable and long-lasting relationship with ethical suppliers is always an excellent approach to promoting sustainability.

 

3. Stop over-production

Many businesses suffer from overproduction as a primary outcome of an imbalance between supply and demand. Excessive procurement and stagnating stock levels are all contributors to excess waste. Again, modern intelligence software specialized in efficiency analysis and forecasting helps limit overproduction effectively.

Source: Indeed

 

 

๐—ข๐—ฝ๐˜‚๐—น๐—ฒ๐—ป๐—ฐ๐—ฒ ๐—–๐—ผ๐—น๐—น๐—ฒ๐—ด๐—ฒ

CRICOS 03878K | RTO 45644

————————

Phone: (+61) 261 018 650

Email: enquiry.act@opc.edu.au

Website: https://opc.edu.au

Canberra campus: Mezzanine Level, 15 Moore Street, Canberra ACT 2601

Melbourne campus: Suite 802, Level 8, 474 Flinders St, Melbourne VIC 3000

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Some of the best weaknesses to mention in an interview

Have you ever struggled to answer the question asking your greatest weakness during the interview? Framing your weaknesses positively helps you to stand out from other job applicants. The key to preparing for this question is to identify weaknesses that still communicate strengths. Here are a few examples you should mention in an interview:

1. I am too detail-orientated Focus on the details is good, but spending too much time might consider a weakness. Make sure you bring up how youโ€™re improving in this area in the interview, and it is impressive to have a candidate who assures quality and strives for balance.

2. It is hard for me to let go of a project Some people tend to over-criticize their work or attempt last-minute modifications. If this is your case, share how youโ€™re striving to improve by giving yourself a deadline for all revisions but not pushing everything to the last minute.

3. I sometimes lack confidence Lack of confidence is a very common weakness among entry-level contributors. For example, you might feel unqualified to speak up at an important meeting even though your proposed idea might help the team to achieve the goal. Remember to mention the ways you have practiced displaying confidence in the workplace if you choose to present this weakness in the interview.

Source: Indeed

 

๐—ข๐—ฝ๐˜‚๐—น๐—ฒ๐—ป๐—ฐ๐—ฒ ๐—–๐—ผ๐—น๐—น๐—ฒ๐—ด๐—ฒ

CRICOS 03878K | RTO 45644

————————

Phone: (+61) 261 018 650

Email: enquiry.act@opc.edu.au

Website: https://opc.edu.au

Canberra campus: Mezzanine Level, 15 Moore Street, Canberra ACT 2601

Melbourne campus: Suite 802, Level 8, 474 Flinders St, Melbourne VIC 3000

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How to write a salary negotiation email?

A salary negotiation email is used when you would like to negotiate the initially offered salary of a particular role. People may easily get stressed when talking about salary but knowing how to negotiate is always a plus. Here are some tips when composing a salary negotiation email:

1. Keep it personal Always include the full name of the person youโ€™re addressing the email to. This can be the hiring manager for a new job or your current manager if youโ€™re seeking a negotiation in your current role.

2. Clarify the subject tittle Make your subject line relevant such as โ€œResponse to your offer of sales manager position,โ€ but remember not to include salary. You can start to get to that in the body of the email.

3. Be specific about the amount Make sure you have a specific number or range of the expected salary before starting negotiations. Be upfront so that both parties know if it is possible to progress.

4. Highlight your experience and qualification It is an excellent opportunity to show your worth and value. Think about five or six things you may outperform others and put them into detail with specific examples.

5. End with positive language It is always a good idea to end the email by reiterating your genuine interest in the role. In this way, the employer knows itโ€™s worthwhile to try to make your request work. Nothing is impossible!

Source: Indeed

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๐—ข๐—ฝ๐˜‚๐—น๐—ฒ๐—ป๐—ฐ๐—ฒ ๐—–๐—ผ๐—น๐—น๐—ฒ๐—ด๐—ฒ

CRICOS 03878K | RTO 45644

————————

Phone: (+61) 261 018 650

Email: enquiry.act@opc.edu.au

Website: https://opc.edu.au

Canberra campus: Mezzanine Level, 15 Moore Street, Canberra ACT 2601

Melbourne campus: Suite 802, Level 8, 474 Flinders St, Melbourne VIC 3000

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How to stay productive while working from home

Working from home has been a trend for many companies due to the continued spread of COVID-19. While it can seem like a simple transition, working from home can be challenging and distracting. Here are some valuable tips for boosting productivity:

1. Dress up for work It is always a good idea to set boundaries between working and living at home by maintaining your regular morning routine. Getting your brain in productivity mode can be difficult if you stay dressed for sleep. Therefore, dressing for the tasks can bring motivation and be handy in case of unexpected video meetings.

2. Set up a schedule and make it work Make sure you set your working hours separate from your personal time and let your manager and the team know when your working hours are. Remember to build in regular breaks to get some fresh air and rest your brain.

3. Create a workplace Create a separate working space at home if possible since it can boost your productivity when working in a designated area. In addition, communicate with everyone in the house and let them know you are off-limits during your scheduled work hours.

4. Pay attention to burn-out Try to focus more on what you achieve instead of how much you work to reduce the feeling of being overworked. Creating work start and end rituals is helpful. For instance, shut down your computer at the end of the day or avoid opening your email or online chat after you decide to sign off.

Source: Indeed

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๐—ข๐—ฝ๐˜‚๐—น๐—ฒ๐—ป๐—ฐ๐—ฒ ๐—–๐—ผ๐—น๐—น๐—ฒ๐—ด๐—ฒ

CRICOS 03878K | RTO 45644

————————

Phone: (+61) 261 018 650

Email: enquiry.act@opc.edu.au

Website: https://opc.edu.au

Canberra campus: Mezzanine Level, 15 Moore Street, Canberra ACT 2601

Melbourne campus: Suite 802, Level 8, 474 Flinders St, Melbourne VIC 3000

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Tips for developing new skills

Are you considering expanding your skills and knowledge to a different career? Perhaps you are ready to try something different or due to some unforeseen circumstances. No matter what the reason is, here are some tips for you to get started.

1. Short courses Short courses are an excellent way to help you develop new skills in an informal setting and get back on track if you havenโ€™t studied in a while. Short course providers include Adult and Community Education at TAFE, universities, community centres, etc.

2. Vocational and Education Training (VET) VET provides a range of workplace-specific skills and knowledge to meet the needs of employers and the industry. By completing VET courses, you can receive nationally accredited qualifications ranging from Certificate I to Diploma level.

3. Adult apprenticeships and traineeships Australian Apprenticeships are highly user-friendly as it is available to all of working age, and no pre-qualification is required. Apprenticeships often combine time at work with training, and more than 500 occupations are available around Australia.

4. Higher Education A university qualification is always a good option for guiding you to learn new knowledge, including bridging courses. However, this pathway requires more prerequisites in comparison to the previous options. Therefore, conducting thorough research about the right entry-level skills is worthwhile before applying.

Source: Myfuture

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๐—ข๐—ฝ๐˜‚๐—น๐—ฒ๐—ป๐—ฐ๐—ฒ ๐—–๐—ผ๐—น๐—น๐—ฒ๐—ด๐—ฒ

CRICOS 03878K | RTO 45644

————————

Phone: (+61) 261 018 650

Email: enquiry.act@opc.edu.au

Website: https://opc.edu.au

Canberra campus: Mezzanine Level, 15 Moore Street, Canberra ACT 2601

Melbourne campus: Suite 802, Level 8, 474 Flinders St, Melbourne VIC 3000

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Tips to manage work-life integration

Many people struggle to find a balance between working and personal lives. An excellent work-life integration can help you choose a system that improves your productivity and raises your satisfaction. Here are some tips for you!

๐Ÿญ. ๐—–๐—ผ๐—ป๐˜€๐—ถ๐—ฑ๐—ฒ๐—ฟ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ณ๐—ฎ๐—บ๐—ถ๐—น๐˜† Always communicate with your family and consider their schedules as you decide how to implement work-life integration into your routine. For example, think about when your partner or children might be available to spend time with you and when they might be busy with their work.

๐Ÿฎ. ๐—š๐—ฒ๐—ป๐—ฒ๐—ฟ๐—ฎ๐˜๐—ฒ ๐˜„๐—ฒ๐—ฒ๐—ธ๐—น๐˜† ๐˜€๐—ฐ๐—ต๐—ฒ๐—ฑ๐˜‚๐—น๐—ฒ๐˜€ Ensure that your weekly schedules are set up so that you can stay on track for work quotas that allow you to see how much spare time you can dedicate to activities outside your job.

๐Ÿฏ. ๐—ฆ๐—ฒ๐˜ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฏ๐—ผ๐˜‚๐—ป๐—ฑ๐—ฎ๐—ฟ๐—ถ๐—ฒ๐˜€ It is helpful to set boundaries regarding when you work and when you stop working. For instance, you leave some time to exercise once you complete a certain number of tasks.

๐Ÿฐ. ๐—ง๐—ฟ๐˜† ๐—ฑ๐—ถ๐—ณ๐—ณ๐—ฒ๐—ฟ๐—ฒ๐—ป๐˜ ๐˜€๐—ฐ๐—ต๐—ฒ๐—ฑ๐˜‚๐—น๐—ฒ๐˜€ It is a good idea to try as many schedules as possible to create the most effective integration of work and personal time for your lifestyles. Provide feedback after trying the same type of schedule for a period and see how it works for you.

๐Ÿฑ. ๐——๐—ฒ๐—ฑ๐—ถ๐—ฐ๐—ฎ๐˜๐—ฒ ๐˜๐—ถ๐—บ๐—ฒ ๐˜๐—ผ ๐—ฐ๐—ฒ๐—ฟ๐˜๐—ฎ๐—ถ๐—ป ๐—ฎ๐—ฐ๐˜๐—ถ๐˜ƒ๐—ถ๐˜๐—ถ๐—ฒ๐˜€ Save time for family and leisure, which help you relax before returning to your job duties. While it’s essential to meet your career goal, it is also vital for your well-being to spend quality time with loved ones.

Source: Indeed

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Happy Friday everyone!

 

๐—ข๐—ฝ๐˜‚๐—น๐—ฒ๐—ป๐—ฐ๐—ฒ ๐—–๐—ผ๐—น๐—น๐—ฒ๐—ด๐—ฒ

CRICOS 03878K | RTO 45644

————————

Phone: (+61) 261 018 650

Email: enquiry.act@opc.edu.au

Website: https://opc.edu.au

Canberra campus: Mezzanine Level, 15 Moore Street, Canberra ACT 2601

Melbourne campus: Suite 802, Level 8, 474 Flinders St, Melbourne VIC 3000

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4 benefits of having a growth mindset

A growth mindset is the belief that dedication, learning, and hard work can improve people’s talents. How can it contribute to your personal development?

1. Improve self-growth
A growth mindset helps you form confidence and self-belief and gain more self-awareness about your abilities and talents. Although you have some weaknesses at one stage, you do not give up on them but challenge yourself to improve them.

There are always challenges in lives and businesses. So, instead of complaining about the challenges and not solving the problems, a person equipped with a growth mindset will self-motivate themselves to tackle them.

2. Learn new skills
You will be more open to learning new skills and accomplishing the goals with a growth mindset. Consider your career development as a lifetime journey , and the your willingness to learn will help you achieve is your essential milestones.

3. See new opportunities
With a growth mindset, you will see opportunities through changes and challenges because you will not subconsciously bypass any options. It does not mean you do not consider the risks, but you make decisions by identifying risks and factors determining the challenge as a success or a failure.

4. Look out for feedback
You will see all feedback as a tool to improve yourself and acquire new ideas from other perspectives with a growth mindset. It benefits you in the workplace by considering all details of your tasks, adding your team members’ views, being more open-minded and inclusive, and continuously improving yourself.

Source: CareerOne

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๐—ข๐—ฝ๐˜‚๐—น๐—ฒ๐—ป๐—ฐ๐—ฒ ๐—–๐—ผ๐—น๐—น๐—ฒ๐—ด๐—ฒ

CRICOS 03878K | RTO 45644

————————

Phone: (+61) 261 018 650

Email: enquiry.act@opc.edu.au

Website: https://opc.edu.au

Canberra campus: Mezzanine Level, 15 Moore Street, Canberra ACT 2601

Melbourne campus: Suite 802, Level 8, 474 Flinders St, Melbourne VIC 3000

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3 tips to start a career from scratch

Starting your career might be daunting because it may require you to know the industry and get a relevant degree or qualification. Here are three tips to help you get started.

1. Know your interest and abilities It is important to get a brighter idea of what you want and specialise in because it helps you gain or find your competitive advantages easier. You can make a list, consult your families and friends for more insights, or look at job advertisements to find your competitive advantages. You may also do some research regarding the position so that you can tailor your resume to fit the job better.

2. Get experience Experience can be an essential index for recruiters to assess whether to hire you. It may seem harsh, but itโ€™s fair for them to have such an index since all companies want their employees to be assets, not liabilities! Then the trickiest part is how do we get the experience? You can browse some big companiesโ€™ graduate programs, do volunteer jobs, or join a professional association in a specific industry.

3. Start networking After finishing the above two steps, you can probably think about networking with experienced and/or professional seniors. It may provide potential job opportunities and superior insights into a certain industry.

Source: CareerOne

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๐—ข๐—ฝ๐˜‚๐—น๐—ฒ๐—ป๐—ฐ๐—ฒ ๐—–๐—ผ๐—น๐—น๐—ฒ๐—ด๐—ฒ

CRICOS 03878K | RTO 45644

————————

Phone: (+61) 261 018 650

Email: enquiry.act@opc.edu.au

Website: https://opc.edu.au

Canberra campus: Mezzanine Level, 15 Moore Street, Canberra ACT 2601

Melbourne campus: Suite 802, Level 8, 474 Flinders St, Melbourne VIC 3000