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6 Powerful Tips for Successful Contract Management

6 Powerful Tips for Successful Contract Management

When hiring new human resources for your company, some aspects of formalizing this process tend to be messy, leading businesses to waste precious time on something that is supposed to be a straightforward process. If the recruiter neglects aspects of the contract, or potential legal voids are left unsolved, this neglectful performance will inevitably produce a significant impact on your company.

So how can you ensure that this managerial process meets the needs of both employee and recruiter? It goes further than a simple document filled with pre-settlements and clauses overseen by lawyers, but a precise method to cover all the aspects of an agreement; therefore, HR professionals ought to have cutting-edge managerial skills to provide a valid performance in handling not just the legal document, but the company’s relationship with the hired newcomer.

Here are some effective tips to improve your organization’s recruitment performance.

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1. Don’t leave any doors open

Good contract documents are those that include performance indicators as contractual obligations; and by asserting this point your potential supplier will know beforehand what is expected of him/her, as well as setting ground for sanctions in case the provider’s work isn’t what it’s supposed to be.

Social media conduct clauses should also be included to prevent sensitive data leak, but also to protect your company’s reputation, as employees commonly engage in topics like politics, sports, and social causes without even realizing they automatically label themselves as part of your organization when they add their workplace on their social media profile.

2. Set an escape route

Relationships tend to deteriorate with time, and companies are just the prime example of that. It could be labelled as a smart move to establish your “plan B,” in case things go wrong by stating all the elements that can lead both parties to contract annulment. It’s a confidence boost for the employee, as you are saying beforehand the terms and conditions that can end the contract if needed, but also cover your back from potential court audiences.

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3. Keep tabs on what both parties have agreed

The basis of a good managerial performance relies on not just signing a contract, but doing a constant follow up of your employee’s conduct. By doing this, you are sticking to the contractual obligations that were established, as well as securing your organization’s interests. Schedule monthly reunions with your recruited staff, and provide a valid checklist of the elements that are not going as expected, as well as counteractions to solve these issues; the sooner, the better.

Set measurable goals for both recruiter and employee; that is the way healthy businesses work.

    Photo courtesy of Tim Gouw

    4. Remind yourself that contracts have expiration dates

    This is a point commonly neglected. People tend to archive contracts without even bothering to look at the actual contract end date; and, since all contracts should have start and end date, as relationship terms naturally change with time, this unsafe practice leads the organization to conflicts between both parties, as technically the supplier isn’t even working under legal terms, and his/her situation should be reviewed as soon as possible.

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    5. New times require new resources

    We are in 2017, so a pen and notebook are not acceptable methods for tracking contractual details, nor for managing several deals with long terms. With the advantages in Enterprise Contract Management Solutions, software can offer us all the elements needed to keep tabs on the documents produced. Plus, it also provides analysis tools for HR managers to track milestones and obligations, generate reports, and much more.

    6. Analyze behaviour prior to settling a contract

    You want this whole ordeal to be a success, right? First of all, you need to remind yourself that contracts are not just legal obligations, but also reflections of a formal setting between two parties. Those parties aren’t necessarily driven by the same motivations when looking for success.

    By doing some easy, relaxed questions during the interview process, you can pinpoint warning elements – that can be both positive or negative – about the performance of your future employee. If unsure, request help from a professional to give your organization an insight about these analyses.

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    Featured photo credit: Unsplash via pexels.com

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    Last Updated on October 16, 2019

    Invaluable Lessons You Can Learn From Your Mistakes

    Invaluable Lessons You Can Learn From Your Mistakes

    Do you like making mistakes?

    I certainly don’t.

    Making mistakes is inevitable. Wouldn’t it be wonderful if we could be at ease with them?

    Perhaps there is a way to think of them differently and see their benefits.

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    Why Mistakes Feel Dangerous

    Mistakes often feel dangerous. Throughout human history, our errors have often been treated as dangerous for a variety of reasons:

    • Our vulnerability. We have limited and fragile support systems. When those systems fail, people often lose their lives.
    • Real dangers. Nature can be dangerous, and making mistakes can put us at the mercy of nature and its animal residents seeking a meal.
    • Ignorance. Many cultures scapegoats someone whenever there is a failure of some kind. Scapegoating can be serious and deadly.
    • Order. Many societies punish those who do not conform to the prevailing orthodoxy and treat difference and non-conformity as a mistake. Even our brains flash an error message whenever we go against prevailing social norms.

    We have a history of handling mistakes and failure in an unpleasant way. Since each of us carries our human history with us, it can be a challenge to overcome the fear of making mistakes.

    If we can embrace the reality of mistakes, we can free ourselves to be more creative in our lives and dig up some interesting insights.

    Why We Can’t Avoid Making Mistakes

    Many people operate under the notion that making mistakes is an aberration, a mistake if you will. You can call it perfectionism but it is a more substantial problem. It is really a demand for order and continuity.

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    When we think we can eliminate mistakes, we are often working from a perspective that sees the world as a fixed place. The world, however, is not so obliging. Like it or not, the world, and everything in it, is constantly changing.

    Change is more constant and pervasive than we can see with our own eyes which is why we often miss it. Our bodies are constantly changing. The natural conditions of the earth change constantly as well. Everything, including economic and cultural systems have life cycles. Everything is in a constant state of flux.

    We cannot see all of the changes going on around us since rates of change vary. Unfortunately, when we try to create a feeling of certainty and solidity in our lives or operate from the illusion of stability and order, we are fighting reality and our natural evolution which is built on adapting to change.

    It is better to continually bend into this reality rather than fight every change we experience. Fighting it can cause us to make more mistakes. Finding the benefits in change can be useful and help us minimize unnecessary mistakes.

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    Lessons Learned from Making Mistakes

    Life has so many uncertainties and variables that mistakes are inevitable. Fortunately, there are many things you can learn from making mistakes.

    Here is a list of ways to harness the mistakes you make for your benefit.

    1. Point us to something we did not know.
    2. Reveal a nuance we missed.
    3. Deepen our knowledge.
    4. Tell us something about our skill levels.
    5. Help us see what matters and what does not.
    6. Inform us more about our values.
    7. Teach us more about others.
    8. Let us recognize changing circumstances.
    9. Show us when someone else has changed.
    10. Keep us connected to what works and what doesn’t work.
    11. Remind us of our humanity.
    12. Spur us to want to better work which helps us all.
    13. Promote compassion for ourselves and others.
    14. Teach us to value forgiveness.
    15. Help us to pace ourselves better.
    16. Invite us to better choices.
    17. Can teach us how to experiment.
    18. Can reveal a new insight.
    19. Can suggest new options we had not considered.
    20. Can serve as a warning.
    21. Show us hidden fault lines in our lives which can lead us to more productive arrangements.
    22. Point out structural problems in our lives.
    23. Prompt us to learn more about ourselves.
    24. Remind us how we are like others.
    25. Make us more humble.
    26. Help us rectify injustices in our lives.
    27. Show us where to create more balance in our lives.
    28. Tell us when the time to move on has occurred.
    29. Reveal where our passion is and where it is not.
    30. Expose our true feelings.
    31. Bring out problems in a relationship.
    32. Can be a red flag for our misjudgments.
    33. Point us in a more creative direction.
    34. Show us when we are not listening.
    35. Wake us up to our authentic selves.
    36. Can create distance with someone else.
    37. Slow us down when we need to.
    38. Can hasten change.
    39. Reveal our blind spots.
    40. Are the invisible made visible.

    Reframe Reality to Handle Mistakes More Easily

    The secret to handling mistakes is to:

    • Expect them as part of the process of growth and development.
    • Have an experimental mindset.
    • Think in evolutional rather than fixed terms.

    When we accept change as the natural structure of the world, our vulnerability and humanness lets us work with the ebb and flow of life.

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    When we recognize the inevitability of mistakes as part of the ongoing experiment which life is, then we can relax more. In doing so we may make fewer of them.

    It also helps to keep in mind that trial and error is an organic natural way of living. It is how we have evolved over time. It is better to be with our natural evolution than to fight it and make life harder.

    When we adopt an evolutional mindset and see ourselves as part of the ongoing human experiment, we can appreciate that all that has been built up over time which includes the many mistakes our ancestors have made over thousands of years. Each one of us today is a part of that human tradition of learning and experimenting,

    Mistakes are part of the trial and error, experimental nature of life. The more you adopt the experimental, evolutional frame, the easier it becomes to handle mistakes.

    Handling mistakes well can help you relax and enjoy all aspects of life more.

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    Featured photo credit: Sarah Kilian via unsplash.com

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