Category: Team Building

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Companies Should Learn Elon Musk’s ‘Chain of Command’ Rule

Freya Hyper

Elon Musk has had plenty to share with business owners over the years, and he’s spent plenty of time thinking outside the box. But a comment he made a couple of years ago in a letter to employees may be one more business leaders should consider in a world disrupted by the coronavirus pandemic.

“Communication should travel via the shortest path necessary to get the job done, not through the ‘chain of command,'” Musk wrote to his employees in 2018. “Any manager who attempts to enforce chain of command communication will soon find themselves working elsewhere.”

Musk went on to say that “a major source of issues” in companies come when communication doesn’t flow freely. As he told his Tesla employees, it “must be OK for people to talk directly and just make the right thing happen.”

Two years later, the world looks decidedly different for most companies.

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Careers in Private Equity: Preparing for PE Jobs

Freya Hyper

Entering private equity is a tough nut to crack, and it’s quite evident, given the significantly low success rate of fresher finance graduates that apply for entry-level Private Equity jobs. Private equity industry, across the world, only recruit the cream, but in return, pays handsomely. It’s an enormously large industry whose transaction amounts go into billions of dollars under each big deal. As a matter of fact, the highest-paid individuals in the finance industry domain come from private equity. 

Not only the young finance graduates but for experienced professionals from an investment banking background, too, struggle to build a career in private equity. If you are one of those individuals who like creating value for businesses, are adept at deal-making, and are good at soft skills, then, this career-field will prove to be apt for you in the long run. 

The Biggest of Business Deals Happen in the Private … Read more

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Adapt or Die: Five Predictions for the Workplace of the Future

Freya Hyper

As a commercial real estate veteran, I can assure you that my industry has rarely if ever driven front-page news. 

How quickly things change. In a matter of months, Covid-19 has caused an historic, radical transformation in how we think about the time-honored act of going to work. The CDC recently issued restrictive occupancy guidelines; companies like Twitter and Shopify have suggested their employees may work remotely forever; NYC is re-opening, yet only 10-15{998ff540fe94a59c7c9828c4dd5223100610db67cea90947d11644c77e05f5f4} of office workers have actually returned.

Is the office as we knew it gone forever? Or have recent events simply accelerated inevitable and much-needed change? Staying ahead of the curve has long been an obsession for those of us in the business of building, owning, and managing real estate. Now, my colleagues and I spend every waking moment trying to resolve these questions. 

Let’s begin with the good news: reports of “the death of

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Things to do when the skills of your workforce become outmoded

Freya Hyper

The revolution in the technology landscape has changed the way employees across every industry work. From conventional working methods to modern work techniques, technology has played a huge role in the transition.  

If we look a decade back from now, without technology, it wouldn’t have been possible to change the nature of work and the dynamics of the workforce.  

Various technologies such as Artificial Intelligence, Data Science, Robotics, Automation, Blockchain, Cloud have already become mainstream technologies. Due to these advanced technologies, tech workers are getting numerous opportunities to excel in their careers.  

Simultaneously, each one of them is concerned that their current skills will become outdated in a few years. And rightfully so, many of the job skills that they have acquired will not be relevant tomorrow. Organizations are trying to leverage the new technological advancement to stay ahead in the competition. Moreover, without the next-gen skills and skilled workforce, … Read more

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Why You Should Require Employees Take Vacation

Freya Hyper

When you launch a business, you tend to know everyone in the office. As such, it can give you the feeling that you can trust everyone. But small and mid-size businesses make up 68 percent of employee theft, according to Hiscox, an insurance company. 

What if there was an easy way to reduce your exposure? And what if you already had this system in place, but you just weren’t taking advantage of it?

Yep. Send your employees on vacation. Here’s why.

Send people on a true vacation–no laptops, no phones, no logging on, for two weeks. The Federal Deposit Insurance Corporation has a longstanding recommendation that banks have a two-consecutive-week vacation policy:

“This basic control has proven to be an effective internal safeguard in preventing fraud. In addition, such a policy is viewed as a benefit to the well-being of the employees and can be a valuable

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