The “Grit” To Succeed [Digested Read]

In the fantastic book “Brain Savvy HR” by Jan Hills, she looks at neuroscience and how it is shaping our ability to be better employees, co-workers and leaders: better versions of ourselves. One concept which is particularly interesting is the concept of “grit” or mental strength. She describes it as the “emotional regulation, managing our reactions and staying positive in the face of setbacks or under stress”. This is hugely important when dealing with the good, and more importantly, the bad of getting a start-up off the ground. Here are some exercises recommended to improve your “grit”.

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The Queen’s Speech& Work (Part 2)

In part 1, we looked at how the Queen’s speech would affect employment law issues focussing on changes to be brought into existence through the Fully Employment and Welfare Benefits, and the Enterprise Bills. In this part we look at the other two Bills mentioned in her speech which will also have a great deal of impact. These are the: Immigration Bill and the Trade Union Bill.

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The Queen’s Speech& Work (Part 1)

Though only a mere fourteen minutes long and limited on detail, the Queen’s speech provided an introduction to over twenty statutory Bills. Our main interest lays in the topics around business and more specifically employment law issues. There are four main Bills to consider when it comes to employment, these are: Full Employment and Welfare Benefits Bill, Enterprise Bill, Immigration, and Trade Unions Bill. What exactly do these all mean for businesses? Here we tackle the first two of those Bills.

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Immigration Bill: A Lot of Small Fry

Immigration Bill: A Lot of Small Fry

In his speech delivered on the 21st May 2015, the Prime Minister outlined his vision to tighten the laws around immigration. The “far reaching” Immigration Bill is intended to not only make it tougher to get into the country, but also to remain, appeal or make illegal working a criminal offence. Though intended to control immigration, a significant aspect of the new Bill’s powers will significantly affect the world of work. Here are the three main changes affecting employment: central monitoring of visas’ expiry, further investment in apprenticeships and making it illegal for employers and recruitment agencies to recruit abroad without advertising in the UK.

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IT Nearsourcing !?!?

IT Nearsourcing !?!?

Though not a particularly new phrase it is another concept clearly designed to irritate the business – nearsourcing is subset of outsourcing.

Nearsourcing is the process of contracting out some part of your (supporting) business functions geographically close to your main business or customer groups.

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FinTech’s sleeper city: Luxembourg

FinTech’s sleeper city: Luxembourg

Luxembourg reputation as a global financial capital perfectly located is well-established. Its secrecy and reluctance to create a ‘buzz’ like London or New York has allowed it to demonstrate a remarkable amount of innovation and progression. These have often gone largely unnoticed.

This has been demonstrated in its growing ties with several large Chinese banks (Bank of China and the ICBC) and ability to gain real influence in Islamic banking – becoming the third largest centre for the field after Saudi Arabia and Malaysia. It appears the country is repeating this ‘sleepier’ success within the FinTech sector too. Of the top 10 FinTech cities ranked by FinTech HK related to the number of Google searches, Luxembourg failed to make it onto the list. Yet, the city through its Luxembourg for Finance continues to promote its FinTech credentials.

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The Cyber Security Weak Link

The Cyber Security Weak Link

The FinTech sector is particularly susceptible to security breaches. IBM’s Cyber Security Intelligence Index (2014) found both finance and insurance, and information and communication firms suffered high levels of attach. In fact, of the sectors monitored, they came first and third respectively. And the reason… Human Errors. The ‘human factor’ – from the malicious insider to the careless worker – continues to put firms at risk. Not to be pessimistic, but we predict things are only going to get worse.

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