Chicago is the world’s richest city in business opportunities. Currently, Chicago has more than 104 privately owned companies. The companies are recognized among the fast growing enterprises in America. In coming years, the number of companies in Chicago is expected to rise.
One of the main factors that make Chicago an attractive business hub is because of its diversity in companies. Unlike most cities that cling to one industry, Chicago has different enterprises that specialize in various fields like aviation, IT, insurance, healthcare technology, fashion and much more.
Despite the recommendable growth, the CEO of Scoutahead says that the biggest problem facing most investments is poor management. Mainly, most companies use an old employee performance assessment procedure to gauge employee productivity. For this reason, most companies retrench its former employees and replaced them with new hires.
For Raj Fernando, such a performance assessment structure is an inappropriate management approach. The top down qualitative structures often leave out unique talents of an employee. Raj noted that even the managers who used the structures could not agree to be subjected to similar evaluations of their careers.
Raj suggests that the best way to improve employee productivity starts at the recruitment stage. Managers should aim at employing people who are passionate about their job. After selecting passionate employees, managers should be in a position to use each employee’s talent to compose a team with diverse skills. Furthermore, the employees should be trained to learn from one another so as to become efficient.
These are some of the factors that Raj Fernando used to grow his first start up, Chopper Trading. In less than a decade, Chopper Trading grew to a leading trading company, managing an outstanding team that exceeded their customers’ financial and bond trading issues.
Raj Fernando’s skills have developed him into a prominent businessperson in Chicago. He has worked in different trading companies like Chicago Mercantile Exchange, Chicago Board of Trade, US Commodity Trading Futures Commission and Chicago Council on Global Affairs.
Raj believes that passion, teamwork and engaging with like minded people is a stepping stone to the success of any business.