How to retain and motivate high-calibre staff? empowerment and self-development.

Employment is a relationship between two parties, usually based on a contract, one being the employer and the other being the employee. All the organizations try to identify, attract and retain high-quality people because they can ensure competitive advantage.

High performers are easier to define than to find. They are people with limitless energy and enthusiasm. They are full of ideas and get things done quickly and effectively, they inspire others through the force of their example.

The problem is that people of this quality are very attractive to rival companies and are likely to be headhunted; it’s a serious financial impact. It includes the costs of expensive training and lost productivity and inspiration.

To retain such people organizations should consider important motivating factors.

Most believe that it's money, but that's not quite true. In practice, high performers tend to take for granted that they will get a good financial package. They seek motivation from other sources.

Empowerment is a particularly important motivating force for new talent. A high performer will seek to feel that he or she "owns" a project in a creative sense.

The challenge of the job is another essential motivator for high performers. Such people easily become demotivated if they sense that their organization has little or no real sense of where it is going.

The next important incentive is time for regeneration. Work needs to be varied and time should be available for creative thinking and mastering new skills.

Also, all employees of the organization should contribute to the success. High performers will not want to feel that the success they are winning for the organization is lost because of the inefficiency of others.

To sum up I’d like to say that if organization wants to develop winning strategies, it should invest in high performers.

MONEY.

FACTOR AFFECTING INVESTMENT DECISIONS (RISK, RETURN, LIQUIDITY) TYPES OF INVESTMENT.

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.

There are many types of investment, each with its own level of risk, return and liquidity. Investment means a trade-off between risk and return. The higher risk the more you will want your investment to pay back in return.

Money is always looking for places where it will be most profitable and earn the greatest return on investment.

As an individual you can put your money on deposit in a bank. Your money is lent out to people and businesses who need it and the bank will make its money on the difference what it pays out on deposit and what it gets from its loans.

If you are more risky you could buy some bonds and you will get your interest payments and later your bonds will be repaid.

Also you can buy some shares and share in the profitability of your chosen company. In good times the dividends will be more than what you would like to get from bonds and shares but if the company goes bankrupt you may lose your money.

Venture capitalists invest in different start-ups, knowing that most will fail and one or two will hit the jackpot paying back all the money they lost.

Also there are a lot of markets to invest in for example currency markets, stock markets, commodity markets and property markets.

In conclusion I’d like to say that it’s beneficial to invest in different areas to spread your risk. It’s important to research the area you want to invest in to divine the risk before you hand over your money.