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10 Signs Your Potential Isn’t Fully Developed in Your Workplace

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10 Signs Your Potential Isn’t Fully Developed in Your Workplace

Reaching your potential in the workplace is an exciting prospect. Yet many of us have simply not found the right job (or the right organization) to reach the heights of achievement. Many people, especially those fresh out of college, start off in jobs that are far below their potential. In time, well-managed companies provide promotions and training to get every employee to reach her potential. To figure out if you are reaching your potential, read on.

1. Your tasks are easy

Day after day you complete your tasks with ease. Your forgot what it is like to face a challenge at work. That’s the essence of being in a role where you are not reaching your potential. A job that pushes you to work hard and overcome difficulties, in contrast, is a job that encourages to reach new heights.

Before you decide to quit, take the time to look for new challenges. For example, consider scheduling a meeting with your manager to ask for additional responsibilities. Getting new tasks to learn is one way to start growing your potential again.

Reminder: Challenging work is what keeps you growing to meet your potential.

2. You cannot find anything to learn

Learning is essential to growth. When you are new to a job, you are constantly learning. Over time, you can continue to learn from taking courses and learning from your own mistakes. In some cases, you may simply have nothing left to learn. If you have reflected on your job, asked your manager for suggestions and learned what your coworkers do, then it may be time to seek a new opportunity.

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Tip: Grow your career by finding new tasks to master. It’s one key to preparing yourself for promotion and staying engaged at work.

3. You have developed all the connections you can

Every job gives you the potential to develop and grow your network. For example, you may customers, back office support staff and sales representatives. Over time, many of these people will become familiar faces and your network will not grow as fast. At that point, you can leave the role or take an active approach to developing your network (e.g. meeting people outside your company or join an association).

Tip: To expand your internal network, join office committees (e.g. health and safety committee or the social committee). These can be a great way to meet people from other departments.

4. You have exhausted the options for process improvement

Every job and organization has the potential for improvement. When you learn a task for the first time, you may notice all kinds of possible improvements. Over time, you can apply the principles of process improvements (e.g. complete a report or delivery 1% faster than last time or eliminate one of the steps) to improve your results. Over time, you may not be able to improve your effectiveness further. If you have reached that point, you may have reached your potential

Remember: At a certain point, there are diminishing returns in process improvement, no matter how good you are.

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5. There are no promotions available

In some companies and some departments, promotions are rare. For example, low growth companies may only be able to offer promotions in a few select departments (e.g. to promote sales staff). In contrast, a rapidly growing start-up company is more likely to offer promotions to staff. Promotions are one of the best ways to develop your potential at work so they matter a great deal.

To assess this point, simply ask yourself this question: In the past 12 months, how many promotions have I seen in my department? If the answer is zero, then it may be time to move on to a different role. Alternately, you may want to set schedule a meeting with your manager to ask about the promotion process.

Tip: Learn how to get ahead by reading How to Get Promoted.

6. You have no funding for training

Education and training courses are one of the best ways to grow your potential. That’s why companies like General Electric spend $1 billion per year to provide training to their staff. Self-reflection and on-the-job training have their limits. Before you quit, take the time to look for free resources such as online courses and books from your library.

Tip: Read 25 Killer Sites For Free Online Education to keep your training going even if you are on a limited budget.

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7. You leave early every day

From time to time, you will need to work late to reach your potential on the job. For example, you may have to stay late to help your boss prepare a presentation. Or you may have a long day due to business travel. These are realities of the working world. On the other hand, if you are able to finish all of your work and leave early every day, then you are probably not reaching your potential.

Tip: Align your schedule to match your manager. If she or he arrives at nine each morning, aim to arrive at 8:45 a.m. It is a good way to get an early start on the day’s work.

8. You rarely receive feedback about your performance

Like it or not, feedback is a valuable tool in seeking to reach your potential. In fact, negative feedback is highly valuable because this comment tends to include suggestions to help you improve in the future. If you rarely receive feedback, you are probably not reaching your potential.

Tip: Are you struggling to make use of feedback? Read 8 Ways To Receive Feedback And Turn Them Into Your Strengths.

9. You are working in a toxic environment

Some companies and departments are simply toxic – full of complainers, gossips and even worse. Unfortunately, being surrounded by negative people at work makes it difficult for you to grow yourself. In the short term, you can work on improving your attitude and staying positive. If the situation does not change after 6 months or more, it is time to start looking for a new opportunity.

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Tip: Discover if you are surrounded by toxic people and what you can do about them by reading 5 Types of Toxic Employees And How You Can Deal With Them.

10. You feel bored at work

It may be difficult to quantify, yet it is very important. If you feel bored at work, day after day, then you are probably not reaching your potential. If you feel bored once at the office, you might be tired. If you feel bored week after week, you are probably not reaching your potential.

Tip: Use the pushing boundaries strategy to expand your job; this is a great way to learn more skills and reach your potential.

Featured photo credit: Boring/Unsplash via pixabay.com

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Bruce Harpham

Bruce Harpham is a Project Management Professional and Founder and CEO of Project Management Hacks.

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Last Updated on January 27, 2022

12 Reasons Why You Should Consider Working in Singapore

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12 Reasons Why You Should Consider Working in Singapore

Nine out of 10 foreign workers are satisfied with working in Singapore, a recent governmental survey reports. Being ranked best for numerous criteria from best intellectual property protection laws to the easiest country to do business in, Singapore also receives a bunch of accolades for the overall quality of life, top education standards and efficient medical system, ranking the nation as the healthiest in the world. So, what exactly makes the City of Lions such an impeccable place to start your career or relocate your business? Here are just 12 reasons why you should consider doing it!

1. Singapore ranks second as the most globalized economy in the world

The Global Competitiveness Report 2014 – 2015 named Singapore as the world’s second prospering economy. By defining “competitiveness” as the set of institutions, policies and factors that determine the level of productivity of a country, the report claims to be the most authoritative assessment of the country’s prosperity and well-being. What does that mean for you and me? High wages, low unemployment rate, excellent work conditions and nourishing business development and investment climate.

2. Salaries are extremely lucrative

As the economy is booming, Singapore companies are hungry to acquire overseas specialists, offering top salaries and lucrative benefit packages to attract highly-skilled workers and talents. With a median salary of 3.500$ per month, software engineers can earn up to 72.000$ annually, whereas general practitioners usually receive around 80.000$ per year, according to PayScale. Elementary school teachers earn around 34.000$ per year and working as a waitress part time will bring you around 1100$ per month.

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3. Progressive personal tax system

Calculating and paying taxes in Singapore is extremely easy and usually takes around 30 seconds to submit your online tax return. If you already obtained a residence permit, your personal taxes in Singapore range from 0% if you earn less than S$ 22.000 per year to 20% for incomes above S$ 320,000. Non-residents are expected to pay a flat rate of 15% from all income gained in Singapore. In addition, all of your earnings gained overseas and brought to the country are not subjected to any taxes.

4. Getting a work/residence permit is really easy…

With a population of only five million, and dropping fertility rates, Singapore is highly interested in acquiring new residence and labor force to boost the country’s economy to soaring heights. If you already have a job offer secured, applying for a work permit would take only a few clicks on the governmental website and you will know the outcome within just one day. No lines, no paper bureaucracy and no huge list of supportive documents or blankly stated requirements. Their entire procedure is even simpler if you are a business owner wishing to relocate your business to Singapore, or a start-up entrepreneur wishing to develop your company within the island. You are likely to receive your work permit for a longer term, plus the renewal process is fast and simple. Residence permits are usually issued along with your work permit for the same period of time.

5. …And the same with permanent residence status

If you have lived and worked in Singapore for over a year and enjoyed your experience, you can start considering applying for a permanent resident card. Again, the whole process can be done online without much hassle or paperwork involved. Among the factors of a successful outcome, expats name young age (below 50), educational background (degrees obtained in Singaporean universities will earn you extra points), the industry you work in (again extra points to those who are involved in scientific research and working with innovative technologies), and your ability to speak one of the four languages. The processing time does take up to six months.

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6. The adaptation process goes easy

As English in the main working language you won’t experience the dreaded language barrier. The local society is an absolute melting pot of Chinese, Malay, Indian and British cultures with 42% of population being foreigners. There is a huge amount of expat communities and meet-ups, restaurants serving awesome foods from all over the world, and imported goods you are used to buying back at home. As expats say, “Singaporeans are generally very comfortable with diversity and have been very welcoming to foreigners” with rare case of racism or religion discrimination occurring. There are numerous international and English schools available, along with pre-school daycare centers, so your kids won’t experience much troubles either when changing environments.

7. Top notch higher education

If at any stage you feel like lacking relevant educational background or certain skills to get a promotion, you should consider getting a degree in one of the six Singapore universities. National University of Singapore currently ranks number one in Asia and 22nd in the world offering degrees in Arts, Law, Medicine, Computer Sciences, Public Policy and nearly any other profession in demand. Tuition fees for undergraduate programs range from S$ 28.600 to S$ 129,200 for medical degrees. However, all students (foreign or resident) can apply for governmental grants and tuition aid, cutting down the costs by 50%, as currently around 20% of government spendings go into education. If you are aiming at a top executive position, getting an MBA in Singapore will cost you S$ 58,000 full-time or part-time.

8. It takes three days to open a business

Being ranked #1 for the ease of doing businesses by World Bank consequently for seven (!!!) years, starting your business in Singapore is easy and fast indeed. The whole process is done online and your registration will be deemed completed within a few hours after you pay a registration fee of the S$65. Afterwards, you can either refer for further assistance to ACRA (Accounting and Corporate Regulatory Authority) offering you a huge selection of agencies and providers to handle all your business needs – from business start-up services to preparing all the documents for your annual returns.

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9. Singapore is rated #1 as the best labor force in the world

As your business grows and you feel it is time to expand, hiring new professional team won’t be much of a struggle. With expats and work migrants flooding the market, local labors are known for their effectiveness, strong work ethics and superb educational profiles. Filling in top executives and managerial positing will not be a problem either as the share of high-skilled professionals with relevant background rose from 27% in 2003 to 31% in 2013. Moreover, 25% of residents reported to have worked for the same company for 10 years, which means less personnel changes and headhunting.

10. Low crime rates and zero corruption

Currently ranked the 5th least corrupted country in the world, Singapore surpassed a long chain of reforms and law enforcement practices on the road to a bribe-free society. The Corrupt Practices Investigation Bureau has kept an eye on matters since 1952 and tries all cases according to strict Singapore laws with long-term jail sentences and huge fines up to S$ 100,000. Same goes towards any sort of crimes–even minor offenses are treated with extreme severity. Think: three months of jail and three hard cane strokes for painting graffiti on a war memorial. When living and working in Singapore you don’t need to worry about your belongings getting stolen, nor your life threatened. Besides, you don’t need to have any sort of “special connections” to do business and get through all the legal and bureaucratic procedures.

11. You can become a millionaire in less than 10 years

According to a recent report issued by Boston Consulting Group, over one half of wealthy Singaporeans accumulated the majority of their wealth in less than 10 years. That’s the quickest growing rate in the world. Now, Singapore boasts one of the highest millionaires’ density in the world with 8.8% of the population having assets over one million US dollars. The phenomenon exists due to the ease of doing businesses in Singapore, advantageous location with easy access to nearby booming markets of India, Indonesia and Malaysia and quick implementation of progressive new technologies.

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12. Absolute political stability

Obviously, your business and you as an employee do not exist in a vacuum and are highly dependent on governmental policies and law-making. The Singaporean government is known for conducting open and fair policy towards constantly introducing new laws, tax relieves, and regulations to enhance the countries’ business environment even more. With the People Action’s Party forming the majority in Parliament since 1965, Singapore has a very stable and orderly government indeed.

Featured photo credit: Larry Teo via unsplash.com

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