Treat Employees Like Business Owners, do it basic, simple and straightforward.

Treat Employees Like Business Owners, do it basic, simple and straightforward.

The rest is boredom and noise, keep it far away

Employee loyalty and engagement are hot topics, and for good reason. Companies want to attract and retain talented people who really dig into their work. But most employers ignore two of the most powerful tools for making that happen.

MALTAWAY Board Governance and Business Advisory, a different WAY from Malta

Tool #1 is enabling employees to build real ownership in the business.

Of course, many public corporations offer stock-purchase plans or the like as part of their retirement benefit. And everyone knows about the options collected by a select few in Silicon Valley and other tech centers. But meaningful ownership — sizable grants of stock to rank-and-file employees year after year, to help them acquire a significant stake in the company — is all too rare.

It doesn’t have to be. Many large corporations manage to find big bundles of shares (and huge amounts of cash) for executive compensation, even though there’s little relationship between senior-management pay and financial results. A portion of those assets can be redirected to regular stock grants for employees. And companies — except for the very smallest — can implement an employee stock ownership plan (ESOP), often funded through borrowing. So long as it’s sufficiently generous, either approach gives employees the kind of stake that makes them feel like true owners.

Just look at the supermarket industry to see such ownership in action. H-E-B, the big Texas-based chain, recently announced that it would give up to 15% of company shares over time to 55,000 of its employees, distributed according to a formula based on salary and seniority. That’s a chunk of stock estimated at more than $1 billion. Publix, a large chain headquartered in Florida, is majority owned by its employees and regularly makes the annual “best companies to work for” lists. And there’s WinCo, a grocery retailer based in Boise, Idaho, with 14,000 employees and 86 stores spread across eight western states. Every WinCo employee is an owner. Cathy Burch, who has worked there for 20-some years as an hourly employee, now has close to $1 million in her retirement account.

You don’t think that kind of generosity builds commitment and passion? “We work our tails off,” an employee with 28 years at WinCo told Forbes. “We’re more of a team than just working for a typical company. There’s a carrot out there you’re working for, for the rest of your life.”

Tool #2 goes by different names: open-book management, economic transparency, ownership culture. Whatever you call it, it means encouraging employees to think and act like businesspeople rather than like hired hands.

If you work for a conventional organization, your job is to show up at the appointed time and perform certain tasks. At open-book companies, it’s part of everyone’s job to contribute to the success of the business. Managers help employees understand, track, and forecast key numbers. They welcome ideas for improvement. They reinforce the ownership mindset by sharing profit increases with everyone, usually through bonuses funded by the increase itself. Many of these businesses also have a stock plan in place.

The approach is easiest to understand in a small company. The Paris Creperie, a Boston-area restaurant that’s about the size of a McDonald’s outlet, recently adopted open-book management. Creperie employees learned the basics of the restaurant business, including determinants of profit such as cost of goods sold (COGS). Then, last summer, they launched an initiative to reduce COGS, cutting food waste, reconfiguring some dishes, and coming up with ways to operate more efficiently. COGS dropped from roughly 30% of revenue to 26.5% over a four-week period, and continued to hold in the mid-20s. Operating profit rose by more than 10 percentage points in just four months and has stayed in the 18% to 20% range, compared with a restaurant-industry average of less than 4%.

This year, employees there are on track to get bonuses averaging $6,000. “Any other restaurant, I would just be scraping by,” shift supervisor Amanda Norton told theBoston Globe. “Seeing those bonuses really helps me breathe easier, knowing that it’s not the end of the world when I have to pay bills.”

You can imagine what all this does for employee loyalty and commitment. “Actually,” says Harvard Business School professor Leonard A. Schlesinger, “when employees know more about the business and have an economic stake in the outcome, there’s a high probability that turnover rates would go down exponentially.”

These tools also address two fundamental challenges of today’s free-enterprise system. An ownership nest egg helps mitigate inequality by putting more money in the hands of rank-and-file employees. And open-book management teaches people the basics of business, so they can thrive when they have to change jobs, as most inevitably will in our fast-changing economy. “People are learning what it means to run a business,” says Joe Grafton, a consultant who works with the Creperie. “That’s something they can take with them as they move forward with their careers.”

Both measures give people a stake in the system and the wherewithal to live a more secure life. A company that puts these tools to work helps its community while helping itself.

https://hbr.org/2015/12/treat-employees-like-business-owners

Benefits of Malta Trust & Foundation

Benefits of Malta Trust & Foundation

 

Wealth Management & Trusts in Malta

Since Malta’s accession to the EU in 2004, Malta has emerged as an attractive jurisdiction for the establishment of international corporate holding structures, to be used in multinational groups, owner-managed companies as well as the holding of assets for High Net Worth Individuals. Worthy of note is the fact that in the last decade Maltese legislature has been very active in the area of fiduciary obligations, specifically those resulting from the creation of trusts and foundations.

Benefits of Trusts in Malta

  • One of the few civil law jurisdictions that has developed its ow domestic trust law
  • Recognitions of trusts set up under foreign laws
  • Offering the set-up of domestic trusts and foundations
  • Legislation published in English
  • High professional standards with many accountants, bankers, lawyers, notaries and investment advisors holding overseas qualifications and having overseas experience
  • Fast-track authorisation for trustees licensed in other (approved) jurisdictions
  • English-speaking country with a pro-business government

Benefits of Wealth Management in Malta

  • EU and eurozone location
  • Multi-disciplined advisors able to adapt to the changing needs of High Net Worth Individuals (HNWIs)
  • Sound and sophisticated banking system
  • Fast-track authorisation for Professional Investor Funds (PIFs)
  • Flexible investment structures (SICAVs, trusts, partnerships, etc.)
  • A reputable stock exchange
  • One of the only civil law jurisdictions to have successfully developed a trust concept by integrating it with Roman law sources
  • Recognition of foreign trusts
  • Offering the set-up of both trusts and foundations
  • A stable macroeconomic environment

http://www.financemalta.org/sections/malta-trusts-financemalta/financemalta-wealth-management-articles/detail/8-benefits-malta-trusts-foundations

MALTA BANKS & INVESTMENTS

INVESTMENTS in Malta: The Complexity of Simplicity

Corporations, Entrepreneurs, Families, HNWIs, Individuals, with our advice and support, find in Malta a dedicated, professional and safe Banking and Finance system within legal, tax, financial regulations suitable for business environment and wealth & assets protection

These Finance Services’ solutions for Investments in Malta, meet the clients’ needs in a stable, safe and growing economy country, member of Europe and Commonwealth as well

Behind these words , there are three basic concepts :

  • wealth protection
  • asset growth
  • income from capital

From the real estate to the financial market , through sophisticated solutions for Investment Protection & Management , we can guide you on the best way to go

MALTAway allows you to find in Malta a unique investments solution that combines:

  • legal vehicles
  • low cost structure and tax
  • efficient financial instruments
  • professional advice

to protect and growth of your WEALTH and ASSET in a jurisdiction fully compliant with the OECD and Europe regulations, placing itself at the top of global stability and fiscal efficiency

 

Be aware , open a bank account in Malta as NON-RESIDENTS , is a long, demanding and selective process. We can be your Introducer and Sponsor , first checking with you that there are the conditions to proceed without wasting valuable time

Of the 22 banks authorized to conduct business in Malta , three are owned Maltese , 19 are foreign banks .

The banking system consists of the Central Bank of Malta and the ” Malta Financial Services Authority ” ( MFSA ) , an autonomous body established in 2002 legally .

The Maltese Government has launched a legislative reform aimed at transforming the island from offshore center to financial center with a high global standard of banking, financial and insurance services as well.

MALTA BANKS 

WEALTH PROTECTION, BENEFIT TRUST AND FOUNDATION

MALTA TRUST

maltaway_malta_financemalta_FamilyOfficesKeepingitintheFamily

maltaway_financemalta_TrustFoundation2013

From discretionary to systematic, how trading changing in the next 10 years

From discretionary to systematic, how trading changing in the next 10 years

At the end of the day, the business of investment management is the business of information management. I think the algorithmic approach is very good approach to do it.

Here from Malta and UK, we have research and solutions based on these concepts

Leda Braga, 48, is considered the most powerful female hedge fund manager in the world.

In January, she launched her fund, Systematica Investments, a computer-driven fund.

With $8.8 billion in assets, Braga manages more than any other female hedge fund manager and more than many other funds run by men.

Before heading out on her own, Braga spent 14 years managing BlueCrest’s biggest fund — the computer-driven BlueTrend fund.

Before that, she worked with BlueCrest’s founders at JPMorgan as a quantitative analyst on the firm’s derivatives research team.

The Brazilian-born portfolio manager, who holds a Ph.D. from Imperial College, joined BlueCrest when she was 34-weeks pregnant.

In the male-dominated world of Wall Street, Braga said she hasn’t experienced difficulties.

“What can I say? Me, personally, I’ve always liked to work,” she said at the CNBC Delivering Alpha Conference held at the Pierre Hotel in midtown Manhattan on Wednesday.

“She’s so impressive,” one attendee was overheard saying.

The Future of Trading

The “queen of the quants,” as Braga is sometimes known, told the room that in the next ten years, the systematic approach the trading — the one she deploys — will prevail.

When it comes to making trades, there are two contrasting approaches —discretionary and systematic. Discretionary trading relies on the fund manager’s own decision-making. Systematic trading uses computer models, research firm Preqin explained.

“I think in a world where there’s regulatory pressures, investor pressure for lower fees … I think the systematic approach will prevail in the long run. I think the next ten years for sure,” Braga said.

During her talk, Braga shared an anecdote from a previous conference where an audience member questioned the merits of algorithmic trading.

A man sitting in the front row challenged her method, saying: “All you’ve got to forecast to the future is the data.”

Braga rebuked him, saying, “You think the discretionary guy has what? A crystal ball?'”

“At the end of the day, the business of investment management is the business of information management. I think the algorithmic approach is very good approach to do it.”

Braga conceded that systematic trading does face a “stumbling block” — something called “algorithmic aversion.”

Research from UPenn’s Wharton has found that even if an algorithm consistently outperforms a human forecaster, people are more likely to lose confidence in the algorithm than the human after they both make the same mistake.

The reason, according to an HBS paper on the research, is that there’s a belief the human forecaster can make improvements and learn from the mistake.

But Braga says algorithms can improve too.

“[We] know these things work and yet we shy away from them,” Braga said. “We scrutinize the algos with a lot less tolerance than we scrutinize human action.”

Braga thinks that over time people will become more “amiable” toward algorithms — especially since we live in a world full of them, from Apple to Uber.

http://www.businessinsider.com/meet-leda-braga-2015-7

 

UNI MALTA: a place to be for an European student

UNI MALTA: a place to be for an European student

 

Contact us to know the way and to attend an english course to get the certification required for the enrollment

Accounting, management, economics faculty most popular at university

1,741 students were enrolled in courses within the Faculty for Economics, Management and Accountancy within the University of Malta as of the 2014-15 academic year, more than in any other faculty.
The information was tabled in Parliament by Education Minister Evarist Bartolo in response to a parliamentary question by Labour MP Anthony Agius Decelis.
1,287 students were enrolled in courses within the Faculty of Health Sciences, 1,186 within the Faculty of Arts, 1.063 within the Faculty of Medicine and Surgery, 1,043 within the Faculty of Laws, 920 within the Faculty of Education, and 822 within the Faculty for Social Wellbeing.
410 were enrolled in courses within the Faculty for the Built Environment, 62 within the Faculty for dental Surgery, 475 within the Faculty of Engineering, 328 within the Faculty of Information and Communication Technology, 247 within the Faculty of Media and Knowledge Sciences, 399 within the Faculty of Sciences, and 182 within the Faculty of Theology.
In total, 11,476 students were enrolled in courses within faculties, institutes, centres and academies within the University of Malta.
The University also employed a total of 2,554 staff as of the most recent academic year, 1717 of whom were academic staff. Their salaries, allowances and bonuses cost €65,718,995 in 2014, continuing the upwards trend that has been present since 2000.

http://www.maltatoday.com.mt/news/national/54418/accounting_management_economics_faculty_most_popular_at_university_

The fatal bias. Too many know the cost of everything but the value of nothing.

The fatal bias

The prevailing managerial bias towards cost efficiency is seriously harmful to corporate performance.

Too many know the cost of everything but the value of nothing.

https://www.london.edu/faculty-and-research/business-strategy-review/the-fatal-bias#.VG4ukfmsX0s?_cldee=cmVidXNiYWxhdHRpQHlhaG9vLml0

Any person has a valuable side of any attitude I will always choose a lazy person to do a difficult job,because a lazy person will find an easy way to do it (B.Gates)

Any person has a valuable side of any attitude
I will always choose a lazy person to do a difficult job,because a lazy person will find an easy way to do it (B.Gates)

BillGatesLAD

learn a new skill set: Rather than getting into a comfort zone,aim to learn at least one new skill every year, to grow your skill set

learn a new skill set:
Rather than getting into a comfort zone,aim to learn at least one new skill every year, to grow your skill set
http://www.linkedin.com/today/post/article/20131008152937-32175171-how-to-take-control-of-your-career-and-learn-to-move-on?trk=tod-home-art-list-large_0