Golden Business Ideas

Yet—and this is where the disconnect becomes obvious—those same managers who ignore the mentoring of new employees because they haven’t the time or the interest end up spending an inordinate amount of hours pointing out job problems during the first periodic performance review.

This leads us to the obvious question: Could many of those problems have been eliminated, or at least alleviated, if the employee had been given the opportunity to learn from an experienced manager about how to handle special assignments and priorities and, even more important, how his or her job connects to the overall company operation?
Some managers may protest, “We just don’t have time to handhold all new hires.” A valid complaint.

So what’s a good manager to do? In one word: Delegate. After all, the best ones are adept at this task. The goal should be twofold: for managers to relieve themselves of some of their burden by transferring responsibilities to staffers with leadership potential and also to accelerate training of talented employees with challenging assignments.
And what should be the role of the mentor? For the first week or so, mentors should set a time late in the afternoon to meet with the new employee and take the opportunity to review the day’s activities. In general the mentor’s role is that of a coach: suggesting goals and priorities, overseeing (at a respectful distance) the work and being available to answer questions.

Most important: The mentor should be ready to step back when the new hire is able to be more independent.

Accounts Payable Trouble Signs
Be alert for fraud if you spot the following in the accounts payable department: complex intergroup transactions, unusual banking arrangements and unexpected cash-flow deficiencies.

Self-Defense for Leasing a Building
Before you sign a building or office lease, check to see that the structure’s electrical capacity is sufficient to meet your organization’s needs. If you discover later that it isn’t adequate, any necessary renovations will be your financial responsibility as tenant.

What to do: Engage an engineering consultant to survey the property before signing the lease..

STANLEY ZAROWIN, a former JofA senior editor, now is a contributing editor to the magazine. His e-mail address is zarowin@mindspring.com .