Crystal Chamber Uncategorized Hong Kong’s Workplace Culture and Its Impact on Mental Health

Hong Kong’s Workplace Culture and Its Impact on Mental Health

Workplace Culture

One (1) out of four (4) Hong Kong employees, suffers from poor mental health. Despite being known for economic stability, the mental state of the working population is a concern. 

Cause of distress includes lack of social activity, job security issues, and workplace bullying. Common symptoms associated with poor mental condition range from being tired to having thoughts of self-harm. 

Mental Health in the Workplace

Being in a workplace makes one a part of an organization that seeks professional value in exchange for monetary rewards. This impersonal aspect of getting a job makes it a difficult setting for expressing one’s emotional difficulties. With a culture that focuses on professionalism, it becomes uncomfortable not to bring up mental health concerns.

General Work Culture

Hong Kong is a very appealing target venue for professionals in terms of career growth and employment but there has always been a major concern for lack of work-life balance.

Sometimes dubbed as a toxic culture, it is normal to have more than 50 hours in a work week. Overtime is common.  Locals prefer to stay longer in the office than what is stipulated in their work contracts. This willingness to spend more hours than necessary translates as a desire to perform better. Employees do not go home until the last piece of work is done.

Effects of Poor Mental Health

Performance and Productivity. An individual who struggles with their mental health usually finds it difficult to function normally. In a workplace where we are judged through performance, it is crucial to be in your best condition. Examples of effects on company output would be absenteeism causing a lack of manpower, task-related mistakes, and low morale among personnel.

Work Relationship. Communication is a key factor for the business and its stakeholders to make things work. Our well-being affects how we interact with people. When one is not in a sound state mentally and emotionally, even normal conversations become a challenge. It also becomes easier to be misunderstood by co-employees when one displays unusual reactions and emotions in the workplace. Isolation and gossip around the workplace can make things worst for a patient with a mental condition. 

Promoting Good Mental Health in the Workplace

Encourage Good Work Relationship. Stress contributors can be caused by a simple lack of communication between colleagues. To promote good rapport between employees, it would be good to take the extra effort in organizing company gatherings where co-workers can connect outside the work setting. Periodical breaks between the high tension also give the employees the need to recharge for the next work project.

Set Reasonable Work Goals. The added pressure of excessive targets at work contributes a lot to an employee’s stress level. If possible, review the job in relation to the capacity of the company to deliver before deciding on the specific tasks to be assigned.

Set Proper Policies and Procedures. In times when there is conflict inside the workplace, it will be more convenient to have a set of bylaws on hand on how to handle such situations. A vague arrangement adds anxiety to individuals who are already suffering from mental health issues.

Make Professional Help Available. Companies can provide in-house professional assistance for their employees to address mental health issues. This makes it easier to resolve internal conflicts that cause stress in the workplace since the person to consult with is already familiar with the workplace dynamics. 

There are also counselling centres around Hong Kong like Everyday Empathy that provide individual counselling assessments to further understand the factors affecting your mental health condition.

Progress Towards Awareness

There is no easy way of fixing mental health problems in Hong Kong. These issues may be the outcomes that come from the culture of professionalism in the country’s workforce, and fixing it might have negative effects on said culture. The balance may be hard to achieve but awareness of the issue has been growing in the past years and there have been significant efforts from the government and private institutions to make things better.

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The 5 Sorts of Purchasers for Your OrganizationThe 5 Sorts of Purchasers for Your Organization

As a local business owner, you’ve possibly been come close to about selling your firm in the past. Perhaps you’ve also thought about offers from others aiming to buy you out. However how do you recognize if a possible buyer is a good suitable for your company?

The 5 kinds of buyers for your company What to anticipate when marketing to every buyer

Individual
At MidStreet, about 75% of purchasers that acquire organizations are individuals.

Most of these customers can be classified as:

Individuals from the corporate globe looking to own their own service
High-net-worth individuals (HNWI), those with properties more than $1 million
People who have actually marketed an organization in the past and also wish to acquire one more company

Individual purchasers want getting a firm they can really feel comfy with doing well in, watch out TYLER TYSDAL Instagram which implies they place value on existing facilities, such as top quality staff members, composed systems and also procedures, and training from the proprietor.

Many lenders will not lend on services worth less than $5 million in purchase rate since they have a lot Goodwill.

So how do people purchase companies?

The Small Company Management (SBA) created the 7( a) loan program to urge investment in small businesses as well as several private customers will use loan providers backed by the SBA to acquire a firm.

While the SBA 7( a) loan program is helpful, the complete Task Expense of a company can not surpass $5 million. What does this mean for you as an entrepreneur?

If your incomes are above $1.5 million, you likely won’t market to an individual buyer.

But if your organization is worth less than $5 million, and also you worth seeing your company continue to exist with brand-new possession while attaining a costs price, a specific buyer is most likely your best candidate.

Strategic

A calculated buyer is a business that wishes to expand by getting other business.

Usually, these customers are rivals within your sector, Tyler Tysdal but they might additionally be suppliers, vendors, or unassociated businesses.

Strategics purchase companies to acknowledge synergies between their existing firm and yours by reducing prices or raising earnings.

Since they can see one-of-a-kind harmonies in a prospective investment of your company that customers can’t, a Strategic may be able to afford to pay you a higher premium for your service.

When going through the sale procedure with a Strategic, be planned for a difficult due diligence procedure. Strategic customers commonly have their CFO’s do prolonged persistance or hire third-party accountancy firms to execute a Quality of Earnings evaluation.

A Strategic purchaser may provide for you to preserve an equity stake in your firm (such as 30%), especially if you express passion in remaining on to aid with development campaigns.

If you value obtaining the highest possible rate on the sale of your service and have a monitoring group in position or agree to stay on and also grow the firm, selling to a Strategic purchaser can be an excellent choice.

Private Equity Team
Personal Equity Groups (PEGs) are financial investment cars run by acquisitions specialists. They increase exclusive equity funds from other capitalists to get cash to purchase services as well as typically intend to offer them in 5-7 years.

PEGs commonly focus on a couple of key markets and also recognize financial investments in a specific revenues array (ex lover: $1 million-$ 15 million in earnings).
When a Private Equity Group wants to obtain your company, they will look at it either as a “System” or “Add-On” procurement.

A System financial investment is when the potential customer sees your company independent of their portfolio, while an Attachment (additionally known as a Bolt-On) checks out your business for the prospective benefits it can bring to one of their existing System business.

Just like any customer you induce as an equity partner, make certain your character harmonizes with the operating group that will be looking after the procurement. Tyler Tysdal’s latest clip on vimeo pro You’ll likely be interacting with the team for a number of years.

The disadvantages (or benefits) of offering to a Private Equity Group are their short time perspective, lengthy due diligence, as well as their lasting oversight of your company.

If you want to take a significant quantity of cash off the table today, grow your company to the following level with a specialist team, as well as desire a rewarding payment when the business markets once more in the future, then selling to personal equity is your ideal option.

Independent Enroller
Also known as a Fundless Sponsor, the Independent Sponsor model is when a private equity individual or group discovers services to buy, after that talk to investors and also loan providers to see who will fund the deal.

An Independent Enroller is a great option if you want extra guarantee that you can get to the closing table (not constantly the situation with a Browse Fund, as an example– what happens if their financiers do not such as the offer?), specifically if the enroller has done offers prior to and recognizes what services his financiers and loan providers will or will not say “yes” to.

Five Ways Effective People Are Positive At WorkFive Ways Effective People Are Positive At Work

Show your leadership by assuming strategically rather than constantly being reactive.
You might find yourself responding to circumstances at the office greater than being proactive, noting that you don’t have the time to enter front of concerns. Being positive might not remove all problems, however it can assist you fix issues better as well as effectively as well as, subsequently, much better take care of the firm’s credibility. Track record is money, so carve out time to believe proactively. Be deliberate. Right here are five means you can be positive:

1. Wonder.
Aggressive people long for expertise. They take pleasure in learning. Get it now on Pintrest They are open to new info. Being aggressive requires you to look beyond the current circumstance. Being proactive is a state of mind; you have to intend to seek much more.


2. Learn more about people in various other functions within your company.
When you create a curious frame of mind, you will wish to reach out to individuals as well as coworkers of different histories as well as know-how. Positive attorneys will certainly connect to operations experts to comprehend real life processes as well as far better determine threats. Designers will certainly seek to connect with public relations specialists to acknowledge the influence that their algorithms will certainly have on culture and develop more accountable technology items. When you help a business, everybody gets on the same team, despite your function. Your work is to maintain the credibility of the company. Track record includes the smooth operating of the company, which requires cross-functional partnerships.


3. Ask concerns.
Effective, positive people are willful regarding collecting details. They ask inquiries. They learn what other’s issues are, what has taken place in the past as well as what people’s tips are for improvement. You wish to recognize the concerns in locations that are not in your day-to-day province, and also this calls for asking questions of other people.


4. Attach the dots.
When you obtain the information, you need to figure out just how the information interacts. Positive people link the dots to uncover what could occur in the future. How does knowing about a potential federal government policy influence your strategy for item advancement? How might the overview for economic markets impact your budget plan? How is long term virtual job not only going to impact your individuals but likewise your individuals and future item advancement? The globe does not work in silos. The success and sustainability of a company can not rely on one feature. Successful companies have their internal features collaborating and also workers that assume proactively to anticipate issues.


5. Make an opinion, and then check it.
When you collect information to aid you believe in the direction of the future, you might get to a concept regarding what might happen. Think about testing your concept. For instance, you find out through your information gathering that there is a high chance that there will certainly be a large item competitor going into the market. You have determined the most one-of-a-kind components of your product and begin to consider them in your business’s marketing campaigns. Do you see a boost in sales? Is one group coming to be much more engaged than in the past? This could help you to browse upcoming competitors in the marketplace. You can also test your conjectures with market research test groups or formulas in simulated scenarios, as an example. Proactive specialists do not wait to see what happens. They replicate what happens to tactically respond to alter.
Successful professionals develop the skills to think ahead. Value knowledge, engage with people of various histories, ask inquiries, make links as well as examination out your idea.

What to do if your boiler starts leakingWhat to do if your boiler starts leaking

A leaking boiler is never a good sign but can often be resolved pretty quickly by a gas safe engineer and doesn’t need to be a major issue.

That said, the moment that you do spot a leak it is important you act fast to minimise any damage done.

In some cases, you might even be able to resolve the issue yourself. In this guide, we will look at exactly what to do if you find a leaking boiler in your home and how to know when the situation is an emergency.

How to tell if your boiler leak is an emergency situation

Boiler leaks come in all shapes and sizes and whether or not your leak can be classed as an emergency situation will depend on the cause of the issue and the severity of the leak.

Bear in mind that in this article when we discuss boiler ‘leaks’ we are referring to water leaks and not to gas leaks.

If you smell gas coming from your boiler or your carbon monoxide detectors goes off and you suspect your boiler is leaking gas, turn the system off completely, leave the property and call the 24/7 gas emergency hotline on 0800 111 999.

But back to water leaks.

When we talk about emergencies, we mean that the leak poses a genuine threat to human health and immediate action must be taken to avoid disaster.

Any boiler leaking water is a serious concern and must be treated as such, but if there is a significant amount of water leaking from your boiler, especially close to electrical wiring you need to act without delay.

Different types of gas boiler leaks

Here are some of the most common boiler leaks that you need to be aware of:

Leaking Pressure Valve

Too much pressure in the boiler system is one of the most common reasons for a boiler to start leaking water. Luckily, it is also one of the issues that can be fixed most frequently by bleeding your boiler and your radiators.

Temperature Valve leak

If your temperature valve starts leaking, the chances are that you will need to call in a qualified Gas engineer, although the leak is unlikely to be overly serious. Often the reason for this type of leak is that the internal temperature of the boiler has risen a bit too high, or that the temperature probe itself needs to be replaced.

Pipe leaking

If you have only just had your central heating system installed and have already spotted water leaking from the pipes the chances are that this is a mistake with the installation. Any reputable professional installer will return to your home free of charge to resolve this issue.

Old boiler leaking

If an older style boiler is leaking from below, this type of leak may well be a bit more serious. The pipes inside your boiler will sometimes corrode over time, especially if your boiler is over 10 years old and has not been serviced regularly. In these instances your best bet may well be to get a new boiler.

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