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25 Essential questions to ask a financial advisor | Know your advisor

Finance

Are you meeting a financial advisor for the first time? Here, we cover everything from whether you need a financial advisor to questions to ask a financial advisor and more. Read on!

Questions to ask a financial advisor

A financial advisor guides or provides financial services to their clients based on the client’s income and financial goals. How do you find a good financial advisor? There are some questions to ask your financial advisor that should help you determine if they are trustworthy.  The advisor should treat you with respect, integrity, and competence. In this blog, we suggest some questions ask a financial advisor. 

Should I get a financial advisor?

We occasionally wonder – should I get a financial advisor or do I manage my investments. There are several benefits of having a financial advisor. They can help create a sound investment strategy and minimize your tax liability. They help to lower risk factors and prevent you from making emotional decisions. Where do financial advisors work? They typically work in offices, banks, and investment offices. Several financial advisors are self-employed.

Also read: How to become a successful small business consultant in 2021?

What does a financial advisor do?

You may wonder, what does a financial advisor do? Or What do personal financial advisors do? Financial advisors are professionals who advise their clients on their finances. They help individuals and companies reach their financial goals faster. They use their knowledge and experience to make detailed financial plans. These plans include investments, savings, budget, insurance, and tax strategies.

When to get a financial advisor?

Many people wonder, when to get a financial advisor? Who needs a financial advisor?   If you are living from paycheck to paycheck you do not an advisor. You can save at least 20% of your income you may need a financial advisor. Before you hire a financial advisor, ask yourself if have the time to plan, evaluate, and monitor your financial portfolio. You may need an advisor if you need to reevaluate your finances if you recently married, divorced, or widowed. 

Difference between financial advisor and financial planner

The difference between financial advisor and financial planner can be summarized in the table below

Financial Advisor

Financial Planner
Financial advisors help their clients manage money. Financial planners create strategies to help their clients make financial plans and reach financial goals. 
They can have a much larger area of focus. Other than planning they can be involved in life insurance, real estate or accounting service. They may help place short-term traders or provide a banking account. They rely on strategic portfolio allocation for investment. They focus on the long term.
Advisors have a Series 65 securities license. They may hold additional licenses depending on the services they provide. Planners can hold a variety of licenses like certified financial planner, certified financial analysts, or certified investment management analysts.

 

 

 

Also read: Basics on tax accounting and 5 key principles to make a note!

How to choose a financial advisor?

Most of us need help managing our finances. Research from the National Financial Education Council indicates the lack of financial knowledge can cost an average American $1200. What makes a good financial advisor? A good financial advisor can help you reach your financial goals faster. Here are some tips on how to choose a good financial advisor. 

What to look for in a financial advisor?

Finding a good financial advisor can be challenging, especially since they will be handling your assets. But how do we answer to what to look for in a financial advisor? Here are some tips –

  • Before you begin looking for a financial advisor decide what aspects of your financial life you need help with. 
  • Ask for references from friends and family and why.
  • Find a fiduciary interested in investing in their ongoing education around tax planning for retirement saving. 
  • Check their credentials and verify if they are certified financial analysts or certified financial planners. 

How to find a financial advisor you can trust?

There are no federal regulations on people who call themselves financial advisors. Then how to find a financial advisor you can trust? 

  • You need to evaluate a potential financial advisor, ensure they are good for you and your money.  
  • Some advisors are bound under fiduciary duty i.e. they are duty-bound to work in your best financial interest. While some advisors are bound under suitable standards i.e. they must suggest suitable products for you. It is important to find out how they earn their money. It will help you understand if their recommendations are better for you or them.

Also read: What is fund accounting, key principles, & responsibilities

Can a financial advisor steal your money?

The answer to the question is, yes they can a financial advisor steal your money? Most advisors strive to generate rich returns, unfortunately, some financial advisors may indulge in practices to cheat you. They may cheat you in the following ways –

  • Commingling or adjoins their names with yours on the titles of your investment account to give them unauthorized access to use your funds at their restriction.
  • If you notice a large number of trades in your account occurring without an increase in value, the advisor could be churning your account. 
  • Invest your money in a Ponzi scheme.
  • Embezzle your money.

Have multiple financial advisor meeting

You need to shop around. You may need to talk with multiple professionals. During the financial advisor meeting here are questions to ask a financial solution advisor. The questions will give you an idea of how they operate.  

  • How frequently will they communicate with you?
  • How do they measure financial advisor ratings?
  • Do you need to fit into their model or will they make a customized plan for you?
  • Ask them about resources they have access to?

Also read: How to hire the best CPA in 2021

What to ask a financial advisor

Knowing what to ask a financial advisor will help you hire a good financial advisor. There are over 300,000 financial advisors in the United States. Financial advisors may go by other names like – Financial planners, wealth managers, or financial consultants. Asking the right questions will ensure you are hiring someone with the right expertise.

Questions to ask financial advisor in the first meeting 

Some questions to ask financial advisor in the first meeting are:-

1. Are you 100% fiduciary?

Unfortunately, most financial advisors will answer no. Most advisors are dually registered. You may wonder if are recommending something to meet their targets.2. 

2. What do you specialize in and how many clients do you have? 

This is a standard meeting checklist. Like attorneys, financial advisors have specializations. Your financial advisors should have the expertise to help you reach your financial goals.  

3. How many clients do they have? 

Will indicate how much time they will spend on your portfolio. An average experienced lead advisor has 96 clients.

Also read: How to find a business lawyer and make it work comprehensive in 2021?

Questions to ask a financial advisor about retirement

These questions to ask retirement planners should indicate their skillset. Some questions to ask a financial advisor about retirement are:-

4. Which services do you provide your clients? 

Some financial advisors are retirement investment advisors. They help you pick investments that match your risk tolerance and time frame. 

5. What are your qualifications?

Pick a retirement planning financial advisor with an advanced financial and retirement planning education or Retirement Income Certified Professional. Your financial advisor can have other certifications.

Questions to ask your financial advisor during the annual review

Some questions to ask your financial advisor during the annual review are –

6. Is my investment on track?

You probably have several financial goals and accounts. During your annual financial review, you should review your priorities and your saving and investment strategies to meet them. You may need to change strategies if your priorities have changed. Review if your asset mix continues to reflect time-frame, risk-tolerance, needs, and preferences. 

7. Am I saving tax-efficiently?

Other than a diverse portfolio, you need to have different approaches to help reduce or manage your taxes more efficiently. You may not have control over how markets can perform. Your advisor should use accounts that offer certain tax benefits.

Questions to ask your financial advisor about your portfolio

Some questions to ask your financial advisor about your portfolio are:-

8. How has my portfolio performed?

You judge your portfolio based on what you have told your financial advisor. If you told them you have high-risk tolerance and want high returns, your portfolio should show that. Your advisor should explain if your portfolio has not performed well. 

9. What is my net worth?

The average net worth of US citizens aged 55 to 64 was $795,000. You need to learn your net worth compared to the previous year. If your net worth is unchanged or reduced the advisor should explain.

Questions to ask your financial advisor if their services are fee-based vs fee only

You need to understand how your advisor gets paid. Your advisor may be fee-based or fee-only. Fee-only financial advisors are directly paid by clients. The fees may be hourly, yearly or a percentage of assets managed. They do not receive a commission for the financial products they recommend. Fee-based advisors take client fees but also receive payment from other sources like receiving a commission from financial products their client purchases. This can lead to a conflict of interest.

Questions to ask a fiduciary financial planner

Here are some questions to ask a fiduciary financial planner are –

10. Is my financial advisor a fiduciary?

Some financial advisors are registered investment advisors or RIA. They are held to a higher standard to protect the investors. Fiduciary advisors need to put their client’s interests at all times.

11. What is a fiduciary?

A fiduciary is a person or legal entity (bank or financial firm), that has the power to act on behalf of a person (beneficiary or principal) in total trust, good faith, and honesty. A fiduciary advisor can act buy or sell securities on your behalf without requiring your express permission before each trade. Fiduciary is held to a higher standard than non-fiduciary advisors.

12. What is the difference between fiduciary advisors and financial planners?

Fiduciary advisors are held to a higher standard of accountability. Financial planners can sell investments that are suitable to the clients. 

13. What are fiduciary financial fees?

Fiduciary financial advisors are fee-only advisors. They do not charge a commission on the sale of financial products. They may charge a flat fee or hourly rate. They may charge a percentage based on assets under management.

Investment questions to ask your financial advisor 

Investment questions to ask your financial advisor are-

14. What is your investment philosophy?

It is important you and your financial investor have similar investment philosophy or can align to your investment style. Your advisor should understand certain investments may not be suitable for you. They should convince you of their strategy when markets are down. Your advisor should provide you with tailor-made solutions. 

15. How will you track my investments?

Your financial advisor should be tracking your investment performance daily. Whether your investments will help you reach your long-term financial goals. They need to weigh the short-term movement against the long-term strategy. Ideally, you need to have a diverse portfolio. They should rebalance the portfolio so you stay on track to meet your financial goal. 

Questions to ask for financial advisors for young adults?

Here are some questions financial advisors for young adults are –

16. Can you explain a financial concept to me?

A financial advisor should be able to sort out a lot of information to understand what is suitable for you. They should be able to communicate persuasively and in terms, you can understand. They should avoid using jargon while explaining different financial instruments.

17. What kind of clients do work with?

Before describing what you are looking for, ask them this question. If their typical client matches you, then you are a good fit. You want an advisor who works with young adults.

Financial planning questionnaire for your financial advisor

Financial planning questionnaire for your financial advisor –

18. What is included in your financial planning service?

Some financial advisors only provide retirement planning services. While some work with other areas of financial planning like taxes, estate planning, college funding, etc.

19. Are there additional fees for financial planning?

You need to find out if the financial advisor charges additional fees for financial planning. You need to plan to meet your financial goals. Additional fees may dissuade you from consulting with the advisor on an ongoing basis. 

Portfolio management interview questions for your financial advisor

Here are some portfolio management interview questions for your financial advisor –

20. What is your attitude to risk? 

Your financial advisor should be able to identify risks and manage your portfolio accordingly. They should understand your financial assets, goals, and your attitude towards risks before they decide on your behalf.

21. What is the role of reporting and forecasting play in your work?

Financial advisors need to report to you on a monthly or quarterly basis. You need to ensure your money is in good hands.  

401k questions to ask your financial advisor

Here are some 401k questions to ask your financial advisor-

22. Do I need a financial advisor for my 401k?

You do not need a financial advisor to manage 401k if you understand which mutual funds to select for your 401k. There are several advantages of hiring a financial advisor for your 401K. They will help maximize returns.

Best certified financial planner

The best certified financial planners are all certified. You can question them with.

23. What credentials do you hold?

Credentials for financial advisors can vary. They may hold ed Financial Planner (CFP), Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), and Chartered Financial Consultant (ChFC).

24. What specializations do you have?

Financial advisors can opt for specialized credentials like – Retirement Income Certified Professional (RICP), Certified Management Accountant, and Accredited Investment Fiduciary.

Some questions about money management to ask a financial advisor.

Here are some questions about money management to ask a financial advisor –

25. Does your firm hold my money and investment?

Your financial advisor should not get in contact with your assets. Instead, there should be a contract with a reputable custodian. The custodian holds your assets, processes all transactions, and collects dividend and interest payments. 

26. What happens to my money if something happens to you?

Your advisor should have a game plan in place if they retire, leave the firm, or are unable to continue to work.

Average financial advisor returns

27. What are the benefits of working with a financial advisor?

The financial advisor can improve your portfolio performance by 1.5% to 4% in the long term. The financial advisor role is not limited to money management, but they can help with financial planning while you pursue your other goals. They not only can help you reach long-term and short-term financial goals but also provide holistic financial planning like estate planning, family support, health care, insurance, and charity.

Standard fees for financial advisors 

The standard fees for financial advisors will depend on the fee structure. There are five fee structures most financial advisors use:-

Best fiduciary investment companies.

Fees

Description
Percentage of asset under management 0.25 to 0.5$ for robo-advisor and 1% for in-person advisor.
 Hourly fees $200 to $400
Annual fees $2000 to $7500
Commission Additional compensation is earned after purchase.
Performance-based fees Additional fee charged if the defined benchmark is outperformed.

 

Best fiduciary investment companies

Good advisory firms should offer comprehensive planning and financial services to help you manage your finances. The advisor should help you set up realistic financial and personal goals. The best fiduciary investment companies are:-

  • Salem Investment Counselors
  • Dana Investment Advisors
  • NewSouth Capital Management
  • Montag and Caldwell
  • Brandes Investment Partner

Certified financial planner websites

While looking for financial planners online, you will range from automated investment services called Robo-advisors to a traditional in-person financial service provider. The fees and minimum account balance of websites can vary. Here are some certified financial planner websites you can use –

  • Vanguard Personal Advisor Services
  • Facet Wealth
  • Zoe Financial
  • Betterment Premium
  • Harness Wealth

Career Development Theory | 9 Popular career counseling theories Explained

Education

Want to understand what is career development theory? Let’s deep-dive into the 9 most popular career development theories, take a look at their classifications, and more.

Career development theory

Career development theory examines different methods for professional growth, improving career trajectory, and job satisfaction. Different theories will help you find your career values, strengths, weaknesses, and desired career paths. All career development theories stress the importance of having a positive emotional relationship with work and cultivating professional ambitions. 

What is career development?

Let us start with what is career development? Career development theory is the study of career paths, success, and behavior. The theories help to explain why an individual is suited for a particular career and advises on methods to advance their careers. Career counselors use a combination of different sociological theories of development to find a style and meet their client’s needs. Career development theory has four core areas of study –

  • Differential psychology
  • Personality
  • sociology
  • Developmental psychology.

Also read: Why career counseling is important & 15 types of career coaches

What are career developmental theories?

Career development theories emerged in the late 1890s. When placement first started operating, they tried to match their client’s skillset with job requirements. Career counseling techniques have since evolved to cover personality, learning, and development. These theories attempt to explain why people choose particular jobs. If counselors understand different social norms and environmental and cultural factors, they will be able to better career advice. 

Classification of career development theories

The following career development theories discussed in this section are considered the most influential theories for career choices and development. Psychologists used these theories to describe career education, career counseling techniques, and career counseling interventions.

1. Trait theories

Our aptitudes, interests, and personality influence career choice. Trait-based theories help match people to their work environment. To use this career development theory, you need to observe and participate in the operating environment to determine if it is the right fit for you. Most people prefer working with something concrete rather than abstract theories. 

2. Learning and Cognitive Theories

Learning and cognitive theories stress self-learning. When you have the right skills, knowledge, and self-belief, you tend to have a higher impact and greater success rate. The social learning theories seek to explain how academic and career interests develop, how people make educational and career choices, and how to attain career and educational success.

3. Developmental psychology theories

According to developmental psychological theories, people can adapt in stages to changing roles in their lives. Adult career counseling uses these theories to help clients self–analyze. Career development is not static and is continuously evolving. According to career theorist David Super’s career development theory, there are five stages in career development – growth, exploratory, establishment, maintenance, and decline. 

4. Situational theories of development

You can apply career development theories to identify your interests and aspirations. There are various self-guided assessment tools available online. Situational theories of development help you define an action plan for reaching your career goals. Career counselors help their clients with tips, tools, techniques, and resources to identify the best career. When you enjoy your work, job performance and satisfaction are higher.

Also read: Career affirmations | What are career affirmations and 25 famous examples!

9 Popular career counseling theories

There are several career counseling theories and models available. No single theory can describe the vast field of career development. In this section, we introduce you to different theories and their core ideas. 

Career development theories can be classified into three broad categories –

  • Theory of process
  • Theory of content
  • Theory of content and process.

1. Donald Super’s Developmental Self-Concept Theory 

Donald Super’s Developmental Self-Concept Theory was built around the idea is that you change. The self-concept theory emphasized time and experiences shape the way a person perceives their career and goals. From the developmental perspective, there are different tasks in each stage. The career life cycle has five stages. 

  • The growth stage is from birth and continues till 14. A person develops a sense of self and attitude towards work.
  • The exploration stage is from age 15 to 24. The exploration stage is also called the trying-out stage in the career life cycle. A person tries out classes and hobbies. Tentative career choices and skill development take place in this stage.
  • The establishment stage is from age 25 to 44. Super’s lifespan considers this entry-level stage. People build and stabilize skills through experience.
  • The maintenance stage is from age 45 to 64. In this stage of the life-stage theory, people are continuously making adjustments to improve their position.
  • The decline stage starts at 65. People start preparing for retirement and reduce the amount of work they do. 

2. Eli Ginzberg’s theory of career development 

Eli Ginzberg once said “Enlarge the opportunity and the person will expand to fill it.” Eli Ginzberg’s theory of career development vocational choices is based on the premise that occupational choice is a reversible process and compromise is an essential aspect of every choice. Ginzberg’s vocational choice theory describes the process of career development in choices in 3 stages –

  • Fantasy age (0-10) – Children in this age bracket engage in play, stimulating different jobs and careers.
  • Tentative age (11-17) – Children recognize the various intricacies in different job roles. Children in this stage have interest, capacity, values, and changeover.
  • Realistic age (17-early20s)- the young person plans for and set up alternative career parts or backups. There are three sub-categories – exploration stage, crystallization, and specification.  

Ginzberg’s theory of choices concludes the process of career choice is limited to adolescence and adulthood stage. People can change their careers for multiple reasons. People change their profession after retirement.

Also read: Career change at 30 | Find how to switch a tiring career as you hit your 30s!

3. John Krumboltz theory of career development

John Krumboltz was a famous career theorist who formed the John Krumboltz theory of career development or Planned Happenstance Learning Theory. He famously said, “Learning occurs when people receive positive or negative reinforcement”. The theory recognized that career planning did not necessarily happen as a teenager or as a series of decisions at different stages of life, but was ongoing was influenced by unplanned or unpredictable events. He stated that indecision was both desirable and sensible because it allowed us to benefit from unplanned events. 

The theory addressed the need to people to adapt to rapidly changing labor markets. Managing life transitions is an essential career skill. It helps us understand how we can deal with the limited degree of control in our careers. Counselors can help the client approach changing conditions and events positively. They help clients by developing five skills for different vocational development stages –

  • Curiosity 
  • Persistence
  • Flexibility
  • Optimism
  • Risk-Taking

4. John Holland Theory of Vocational Types

John Holland Theory of Vocational Types believes that personality types play a vital role in career development. John Holland famously said, “Career choice is an expression of personality”. According to Holland’s personality type theory, we can link work satisfaction to personality and job environment. RIASEC Test is an acronym for Holland personality types. The six personality types and work environments are-  

  • Realistic
  • Investigative
  • Artistic
  • Social
  • Enterprising
  • Conventional.

John Holland created the Holland Hexagon model to show the relationship between personality types and environment. 

According to Holland’s model, we are more satisfied and successful when they choose environments similar to their personality type. Holland’s code takes problem-solving and a cognitive approach to career planning.

Also read: Career Gaps | 10 Best ways to explain gaps in your resume effectively!

5. Anne Roe’s career development theory

 “Nothing in science has any value if not communicated”. Anne Roe’s career development theory or Duty oriented theory states that a person chooses their career based on interactions with their parents. Their biology, sociology, and psychology are limiting factors in their career choices. As per Roe’s career theory, a child’s interactions with their parents will make them pursue person-oriented jobs or non-person-oriented jobs.

Person-oriented jobs have a high degree of people interaction, while non-person-oriented jobs are more independent. Roe created career maturity inventory by classifying careers that were non-person or person-oriented –

  • Service
  • Business Contact
  • Organization 
  • Technology
  • Outdoor
  • Science
  • General Science
  • Arts and entertainment

Each career category had six levels based on the skills required for the job-

  • Independent responsibility
  • Less independence
  • Moderate responsibility
  • Training required
  • Special training
  • Follow basic instructions

6. Frank Parson’s Theory of Vocational Development 

Frank Parson is called the father of vocational guidance counseling. He said, “In the wise choice of a vocation there are three broad factors:

  1. a clear understanding of yourself, your aptitudes, abilities, interests, ambitions, resources, limitations, and knowledge of their causes;
  2. a knowledge of the requirements, conditions of success, advantages and disadvantages, compensation, opportunities, and prospects in different lines of work;
  3. true reasoning on the relations of these two groups of facts”.

Parson theory or Trait and factor theory career counseling try to match the ideal career with your skills, value, and personality. The Parson Employment model meant better career fit would lead to higher job satisfaction and success. Frank Parson’s theory of vocational development introduced a systematic approach to career matching. 

The use of psychometric tools and personality tests like the Interest-Kuder test, Aptitude-Differential Aptitude Tests, and General Aptitude Test Battery increased after the introduction of Frank Parson’s theory. Counselors still use the frank person theory career advising.

Also read: How to set your academic goals? | Education goals examples & types

7. Albert Bandura’s social cognitive theory 

Albert Bandura developed Albert Bandura’s social cognitive theory in the 1960s. He famously said, “People not only gain understanding through reflection, they evaluate and alter their thinking.” The central idea of Bandura’s theory is that our experiences affect our motives and behavior. Social cognitive theory categorized experience into –

  • A person is influenced by self-efficacy.
  • A person is influenced by seeing what others achieve and the action they take.
  • A person is influenced by factors that they cannot control. 

Bandura’s social cognitive theory explains how an individual can frame their career development plan for success. If a person has a positive view of their abilities and has a positive network of mentors, they have a higher chance of success. Bandura model or Bandura’s Triadic Reciprocal Model of Casualty says your output is a mixture of –

  • Personal characteristics
  • Behavior and action they observe in others
  • External factors.

8. Linda Gottfredson’s Theory of Circumscription and Compromise 

Gottfredson’s theory of circumscription and compromise tries to decode how career choices develop in the young. Gottfredson’s theory suggests children reject some careers because of the social messages they receive. Professional social counselors can guide elementary students to consider other choices by exposing kids to role models and minimizing the impact of societal pressures. 

The circumscription theory deals with the limitations that rule out unacceptable options based on perceived fit with developing self-concept. The proposed stages of circumscription are:-

  • Orientation to size and power (age 3-5)
  • Orientation to sex roles (age 6 -8)
  • Orientation to social values (age 9 -13)
  • Orientation to internal and unique self (age 14+)

After circumscription excluded options outside the perceived social and personal space, we need to move to compromise. People tend to sacrifice roles they see as more compatible and accessible with their perceived roles. They can be limited by knowledge, lack know-how, and required social connections.

Also read: How to improve student motivation? | Effective strategies

9. Mark Savickas career construction theory 

Mark Savicka’s said “I distinguish the career construction theory of vocational behavior in applied psychology from life designing as a discourse in the counseling profession. I use the term life design to denote the third major paradigm for career intervention, after vocational guidance and career education. Mark Savickas’s career construction theory explains how individuals choose their work.

The constructionist theory presents a model for understanding vocational behavior across the lifecycle and methods and materials that counselors can use to help clients make the right career choices. Savick’s career counseling theory emerged when people started looking for alternative forms of career guidance. 

Previously career counselors used tools like aptitude tests, statistical profiling, and other quantitative analysis, Savickas career counseling employed a more qualitative approach to counseling. By encouraging clients to see their careers as stories where the client is both the author and protagonist, the counselor encouraged their clients to see the next chapter in their stories. Career construction theory hopes to address the need of workers who may feel lost and confused as organizations are transformed. The theory emphasizes the interpretative and interpersonal processes.

Also read: How to set up an awe-inspiring educational consulting business in 5 steps?

Career counselling process

There are five distinct stages of counselling are as below.

  • The first step in the career development process is the initiation stage. Both parties build a rapport with each other and are introduced to one another. The counselor gathers data at this stage. Typically the client fills questionnaires and forms in this stage. The initiation stage allows the counselor to understand the patient. 
  • The awareness stage is one of the crucial steps of the counseling process. Both parties have established a connection and should be able to communicate comfortably. This stage can be called the analysis and awareness stage. Tests in this stage will assess social behavior, personality, and career interests. The counselor discusses the results of the tests with the job experience.
  • Different career paths are explored. Critical career decisions are made at this stage. Careers unsuitable are ruled out. Counselling helps to determine the path which is right for you. 
  • This stage prepares a plan of action. Phases of counselling lay the groundwork for the chosen route and success. The counselor will give or recommend resources at this stage. The best counselors have a backup plan.
  • This is the implementation stage. You will be given goals with a deadline.

Career affirmations – What are career affirmations and 25 famous examples!

Employee, Productivity

Positive affirmations have been proven to boost confidence and self-image. Repeating a few short career affirmations on a daily basis can give you the motivation you need to succeed, every day.

Let’s find out how you can implement this.

Career affirmations

We can define our career as the journey we make through learning, work, and other aspects of life. Many people are using career affirmation to get ahead. Manifestation and affirmations are closely related. Manifestation is the idea of filling our subconscious with thoughts and images of things we want. Affirmations are positive statements in the present tense about the things you want to manifest. 

What are career affirmations?

Career affirmations are positive statements to help us overcome self-sabotaging and negative thoughts about our careers. The affirmations help us get a clear vision of our career, goals, attitude, relationship with coworkers, and other career-related issues. Successful careers require qualities like perseverance, knowledge, and vision. But it is vital to have the right mental attitude. Career affirmations serve as a pep talk and provide a mental boost.

Also read: Why career counseling is important & 15 types of career coaches

Why affirmations for success are is a necessity?

Affirmations are powerful sentences to tap into your conscious and unconscious mind to motivate, challenge, and push you to reach your full potential. Affirmations for success help us overcome our self-sabotaging and negative thoughts. Some people may be skeptical and consider affirmations unrealistic or wishful thinking. Just like we exercise to improve our physical health, affirmations are exercise for our minds. Positive mental repetition can reprogram our thinking. It can replace negative thought patterns with positive thoughts.

Affirmation reduces the effects of stress. Studies have shown it can improve our problem-solving ability and stimulate areas in our brain. Affirmations exercises help people with low self-esteem or other mental problems. It can help our sense of self-worth and well-being. 

How to make use of affirmations for a career?

Think of affirmations for a career as a self-help tool. Here are some tips to make them more effective –

  1. Set them in the present – Affirmations are similar to goals, there is a difference. A goal is something you need to achieve. Affirmation is a mantra that improves your confidence about what you can do now. 
  2. Avoid using stock affirmation – Today, you see inspiring affirmations everywhere. You can use an affirmation that resonates, but creating one specifically tailored to your present goals is more helpful. 
  3. Be realistic – Affirmations work better when it centers on feasible changes.
  4. Practice daily – you need to make affirmations a habit. Try saying the affirmation, when you wake up every morning. Repeat it multiple times. You can ask someone you trust to repeat it to you. Be consistent, do not skip days. Be patient it takes time to show results.

Also read: Career Gaps | 10 Best ways to explain gaps in your resume effectively!

25 effective career affirmations

Career affirmations or mantras are phrases to encourage and motivate ourselves or others to improve a particular skill or activity. Career affirmations can help boost self-confidence before an interview or presentation. You can use affirmation to control negative emotions, overcome habits impacting career progress, or set new career goals. Here are some affirmations for success and abundance you can use.

1. Success affirmations

Success affirmations are vital. If you use affirmations consistently for job success, you are less likely to self-sabotage or have negative thoughts. Career affirmations can reprogram your brain and eliminate limiting self-belief.

  • My body is healthy, my mind is brilliant, and my soul is tranquil.
  • Everything happening now is for the ultimate good.
  • I am the architect of my life. I am building its foundation and will choose its contents.

2. Positive affirmations for work

Workdays are stressful, and there are days we need an extra push. Positive affirmations at work are statements we repeat to ourselves to reprogram how we view ourselves. Here are some positive affirmations for jobs – 

  • I am a valuable asset to the company.
  • I am doing my job well today.
  • I am a success at everything I do.

3. Work affirmations

Work affirmations help you counter negative self-talk. It has proven to reduce anxiety and pressure. Career affirmations can improve performance. Some words of affirmation for work you can use are –

  • My team and colleagues respect me.
  • I am a great addition to my company.
  • I am full of possibilities and ready for action.

4. Positive work affirmations

Positive work affirmations can improve skills vital to your success. It helps you concentrate better and reduce distractions at work. Career affirmations can boost relationships between your colleagues. Here are positive job affirmations you can use –

  • I am the best at what I do. I create exceptional results for my company.
  • I am focused and passionate about my goals and career.
  • I have the knowledge and skills to make the best decisions about my career.

5. Job affirmations

Job affirmations can get you closer to your dream job. For dream job affirmation to work, you need to ask what kind of job you want. Create a clear picture in your mind. Some positive affirmations for job are-

  • I am attracting the perfect job for my talent.
  • My ideal employment is coming to me right now.
  • I am happy to work with a good boss and great team-mates.

Also read: Career change at 30 | Find how to switch a tiring career as you hit your 30s!

6. Affirmation for career

We all pick up limiting beliefs as we go through life. You can use affirmations for your career to break the cycle. With repetition, career affirmations can change your behavior, attitude, and make decisions. Dream job affirmations you can use are –

  • My goals are scary but attainable. 
  • I am a job magnet, and I attract new opportunities constantly.
  • I am committed to excellence.

7. Affirmations for work

Affirmations for work help you control feelings of frustration, anger, or impatience. Career affirmations are more effective when coupled with other goal-setting techniques like visualization. Some affirmations for job you can use are –

  • I am bringing a positive attitude to work every day. 
  • I excel at my work.
  • I am honest in my life and my work.

8. Affirmations for success in business

Business success is not an accident it requires focus, positivity, perseverance, consistent action, and a money-making mindset. For affirmations for success in business to work, you need to practice it daily. Use affirmation for work when you are stressed. Affirmations success you can use are-

  • I believe money is flowing into my business effortlessly.
  • My business is successful in every way.
  • My business is getting larger every day.

9. New job affirmations

Starting a new job can be stressful. Positive affirmations for a new job will help ease some of your anxiety. Here are some new job affirmations you can use –

  • I have self-confidence. I am at ease while speaking with my new coworkers.
  • My job brings me joy and happiness.
  • My coworkers and I will encourage and help each other grow and succeed.

10. Career affirmation

Positive affirmations for a career can change your mindset and help you perform better at work. Career affirmation can give you the confidence to approach your goals.

  • I have the drive and ambition to reach my goal.
  • I am on the right career path.
  • I am confident in my abilities to reach the top of my profession.

Also read: Personal Development | A guide to setting personal development goals in 2021!

11. Daily affirmations for work

Daily affirmations for work are a great way to start your day on the right foot. The career affirmations will help you begin the day with the right mindset and help you have a productive day. Some secret daily affirmations you can use are –

  • I prosper wherever I am.
  • Things are going to work for me. I need to put in the work to make it happen.
  • I deserve the best, and I accept the best right now.

12. Growth affirmations

Growth affirmations help you find your achieve your professional and personal growth. It can help you feel fulfilled. When self-doubt creeps in or you question your decisions, positive career affirmations can remind you of your worth. 

  • I am a magnet for blessings.
  • My possibilities are endless.
  • I belong in any space I walk into.

13. Workplace positive affirmations for work

Modern workplaces are stressful. Workplace affirmations can help your staff stay optimistic and not get bogged down by workplace stress. Workplace affirmations help us make most of the opportunities available are –

  • Completing tasks on time is fun and rewarding.
  • Contributing to the success of the team is personally satisfying.
  • I enjoy mastering new challenges at work. 

14. Affirmations for career success

Every time you use affirmations for career success, it sends a positive message to your subconscious mind. The best affirmations for success encourage you to take charge of your life. 

  • My ability to conquer challenges is limitless, and my potential to succeed is infinite.
  • Today I abandon old habits and take new positive ones.
  • I can achieve greatness.

15. Affirmations for getting a job

Job search affirmation can be used as a tool when you are looking for a job. It can prevent you from getting dragged into a cycle of disappointment and pessimism. Here are some affirmations for getting a job –

  • Job offers flow to me effortlessly.
  • I am worthy of a new job.
  • I use positive thinking to attract new job opportunities.

Also read: What is remote work? | 5 effective tips to make life easier while at remote work!

16. Positive affirmations for employees

You need to motivate your employees. Positive affirmations for work colleagues can build an emotional connection. Your team will feel they are integral team members. Positive affirmations for employees you can use- 

  • You are a significant contributor to the team’s success.
  • You can accomplish anything.
  • You are an incredible fighter. 

17. Affirmations for job interview

Acing a job interview requires preparation. You need to be mentally prepared. Positive affirmations for job interview will help you focus better on clearing the interview. Repeating career affirmations will increase your confidence. Here are job interview affirmations –

  • I am calm and confident, interviews are easy.
  • I am an ideal candidate for this position.
  • I will impress the interviewers and distinguish myself from others.

18. Affirmations for growth

Affirmation for growth is a tool to improve your life. Positive affirmation can motivate you to achieve your goals. Here are some affirmations for growth you can use –

  • I am committed to improving my life.
  • I see adversity as an opportunity for growth.
  • I am climbing upwards and onwards.

19. Positive affirmations for workplace

If the workplace environment is positive and productive when employees are motivated. Positive affirmation for workplace can turn it into a successful and happy place. Some Positive career affirmations for the workplace are –

  • I am unstoppable.
  • I have confidence and talent – What else do I need to do?
  • I will flourish only if my workplace flourishes.

20. Interview affirmations

Job interviews are scary, and self-doubt invariably creeps in. Affirmations before an interview will stop your brain from sabotaging your efforts and help you tackle the interview confidently. Some interview affirmations that can help are-

  • I am capable of answering questions correctly. I deserve the opportunity I have received, and I am excited to clear the interview successfully.
  • I am creating my career path successfully. There may be setbacks, but the journey will be worthwhile. I will find success as long as I do not give up. 
  • My goals are attainable. I am passionate and driven to achieve them.

Also read: Guide to conducting & attending Remote Interviews

21. Positive affirmation for work

Affirmations for success at work can increase your confidence. It can help reinforce skills required for success. Career affirmation can make you more focused on your goal. Positive affirmations for work you can use are-

  • I am willing to work to succeed in this project.
  • I respect myself so others respect me.
  • I confidently overcome challenges before me.

22. Positive affirmations for the workplace

Positive affirmations for the workplace, remind you to remain positive in challenging situations. Career affirmations can help reduce pain and maintain balance in stressful situations. Some positive affirmations are-

  • Delegation is not a sign of failure. It is okay to ask for help.
  • The pending list does not define my self-worth.
  • I work to live, not live to work. 

23. Affirmations for work success

You can use affirmations for work success when you feel demotivated or hopeless. Career affirmations can help you stay positive and have faith. Success motivation affirmations work if you write them every day. 

  • I know I can do this! I will find a way and get it done.
  • I am doing things today that my future self will thank me.
  • I am highly successful, and I have a unique gift for the world.

24. Positive affirmations for success at work

You cannot be successful if you do not get rid of negative self-belief. Confidence in your ability is key to success. Positive affirmations for success at work can program our brains to see the bright side of every situation. It gives us the confidence to handle tough situations. 

  • I contribute and make a difference to my colleagues and organization.
  • I have great endless opportunities waiting for me.
  • Every day is a learning opportunity.

Also read: Managing Remote Teams: 15 effective tips that will come handy in 2021

25. Job manifestation affirmations

Job manifestation affirmations can bring you closer to your dream job or career goals. Secret morning affirmations increase your confidence level and help you subconsciously actively manifest your dream job work. Career affirmations you can use are –

  • My skills and experience manifest my dream job.
  • I am driven to reach my objectives.
  • I have the guts to follow my heart and desires.

Career counseling – why career counseling is important and 15 types of career coaches

Education

In this blog, we explain what is career counseling? What does a career counselor do? We provide you with tips to find career counselors near me.

Career counseling

Career counseling or career guidance is the counseling or guidance given to individuals to help select, change or leave their career. People avail of career counseling services at various stages of their career. Starting or changing careers is stressful, a career counselor breaks down the process with all the options available.

Who is a career coach?

A career coach is a trained professional who has extensive knowledge of different careers and professional opportunities. They specialize in career planning and resume building, and are well-informed about current hiring practices. Career counseling includes giving clients valuable negotiating and interview tips. Career guidance services include long-term career planning to help their clients get their dream job.

Also read: Career Change | 8 step process for the best career moves across any vertical

How can a career counselor help?

Career development starts early and depends on factors like interests, ability, education, and personality. Career counselors can provide career help in the following ways- 

  • They shortlist realistic career options based on your skills, abilities, personalities, and background. 
  • They provide options if you are interested in a particular career path but do not have the skill. 
  • Career counselors have tools and techniques that can match your abilities to perfect your career choice.
  • If you are underqualified for your dream job, career counseling near me will guide you on the qualifications, certifications, and experience required. 
  • They can draft a perfect cover letter and resume for any position. 
  • Career counselors conduct mock interviews to help you feel confident.

Tips to find a career coach near me

You can find a career coach near me quite easily if you know where to look. Here are some tips that may help –

  • Ask your friends, family, colleagues, and acquaintances who may know someone who provides career consultation services. You can ask your networks. 
  • If you want a private career counsellor, you can refer to the National Career Development Association’s (NCDA) and National Board for Certified Counselors to find a career advisor near me. Private career counselling services are more expensive. 
  • Psychology Today will give you a list of career counselors who are mental health counselors.
  • If you are a college student, the career service center on your campus may be able to recommend a counselor career who works locally or have a career counselor on campus.

Types of career counselors

Career counselors work with people of all ages and different educational backgrounds and experience levels. Career counseling can occur in education institutions(high schools and colleges), social service offices, employment and staffing agencies, and private practices. Here are alternative careers for counselors

1. Independent career counseling coaches

Independent career counseling coaches provide career development and counseling to their clients. They generally work with mid-level or senior professionals. They learn client career goals and map out the next step based on the current situation. If the client wants to change fields examine their profile to see their transferable skills and identify a realistic career path. The coach knows where the best opportunities are.

2. Job counseling specialists

Job counseling specialists in help students find suitable careers as they enter the workforce. They use intake assessments and other career tests to determine students’ strengths and weaknesses. The job counselor advises students on ways to obtain their career goals and tutors students on effective job hunting techniques and resume writing skills. They counsel students in other areas that can affect their careers.

3. College career consulting services

Students can avail themselves of college career consulting services at contact centers, offices, universities, or colleges. They help students discover their career paths. The college career consultant evaluates student aptitude, interests, values, and personality to build student profiles with their best and worst career fits. They help students in the college application process. The counselors help students make more informed career choices.

4. Career guidance counselor

A career guidance counselor examines their client’s career-related dreams and aspirations, fears, and uncertainties during the consultation. They review the client profile and conduct appropriate aptitude and personality tests. The guidance counselor gives career-related options based on the results. They inform their clients about shortcomings and with strategies to correct them. They work with their clients while restructuring resumes.

5. Limited outplacement career consultant

Some senior-level employees are eligible for limited outplacement services with their company counselor. The career consultant may have individual sessions with the employee. Provide coaching or workshop sessions with reputed career counselors. Tap into their counselor network for other job opportunities.

Also read: Remote Jobs for College Students | How to find best remote jobs being a student

6. Career orientation specialist

Career orientation specialists work with young professionals entering the job market. They guide and counsel their clients as per their career goals. During the career counseling session, the specialist develops a career development plan, with the objectives and roadmap to achieve them. The specialist shortlists potential jobs that are suitable for their client. 

7. Vocational counselor

Vocational counselors use assessment and personalities tests to evaluate their client’s strengths and weaknesses. They assist people looking for new careers as per their preferences and aptitude. They usually work with mid and senior-level professionals. Vocational counselors work with people who need to look for alternative professions after an injury. They may be part of a rehabilitation team to improve a person’s skills and abilities.

8. Occupation psychologist

Occupational psychologists study employee performance, training procedures, and manuals to understand how companies function and how individuals and groups behave in a work environment. They help organizations deal with personnel issues and problems. They use their training in organizations for human resource development, talent management, training, assessment, selection, performance, staff wellbeing, organization restructuring, and work-life balance.

9. Online career counselor

An online career counselor offers professional development and career coaching services via online video conferencing. They perform career counselling assessments for their domestic and international clientele. Their initial consultation may be free to help you find a suitable counselor. Counselor uses a customized approach to help their clients achieve their professional dream. 

10. Career therapy coaches

Career therapy coaches give their clients comprehensive support during their job search. They offer services like resume and cover letter writing, LinkedIn optimization, network strategy, mock interviews, and negotiation preps. They help clients understand and address their workplace frustrations, anxiety, and distress. Career therapy can prevent people from making hasty and impulsive career decisions.

Also read: Top 11 jobs for people with social anxiety

11. Career specialist

A career specialist connects individuals with potential employers. They help job seekers find jobs, write resumes and cover letters, and prepare for their interviews. The career counseling service specialist uses assessment tests to determine personality type, skills, and work ethics. They recommend career paths for new job seekers. They help clients find academic or training programs.

12. Employment counselors

Employment counselors generally have two types of clients – job seekers and companies. They evaluate the job seeker’s skills and identify barriers to employment. They assist their clients in resume and cover letter writing and preparing them for interviews. The counselor works with the human resource department in companies on human resources and other employment-related issues like job dissatisfaction.

13. Certified career counselor

The National Career Development Association provides certified career counselor certification. Counselors need to have an advanced degree in counselor education. The certification recognizes training and experience for counseling, and specialization in career development, career counseling theories, and practices. They help their clients decide their future careers or pursue new careers. Certified career counselors help their clients understand themselves.

14. School and career counselors

School and career counselors use tools like aptitude tests and interviews to evaluate students’ abilities and interests. They try to identify issues that affect school performance. Work with students to overcome behavioral or social issues in class. Help students develop skills like organizational and time management and effective study habits. Help students create and work towards academic and career goals. 

15. Career psychologist

Career psychologist helps their patients with career change, management, and performance improvement. They work with organizations or individuals for sustained career development. They conduct workshops in areas such as leadership, sustainability and health, and performance at work. Counselor psychologists use applied psychology to help their clients manage and control their careers.

Also read: Best 35 business ideas for college students

Career coaches job description

What does a career coach do? Career coaches can work in school and college students or individuals for professional development. Career counselor job description is as follows:-

  • Help clients recognize personal interests and life goals.
  • Help clients to plan strategic career moves.
  • Find new career opportunities for clients.
  • Study and provide feedback on the client’s resume and cover letter. Help tailor the resume and cover letter for prospective jobs.
  • Conduct mock interviews and provide feedback.
  • Conduct seminars and workshops to provide information on different career paths.
  • Guide those looking to switch careers. 
  • Perform skill and personality assessment.
  • Conduct aptitude tests to evaluate client interests and skills.
  • Recommend career path after evaluating client’s qualifications and experience. Counsel them on additional qualifications and certifications if required.

Also read: Personal Development | Guide to setting personal development goals in 2021!

 How to become a career counselor?

According to the United States Bureau of Labor Statistics, the job of a Career counselor will experience an 8% jump in the next 10 years. The counselor career is stable with job opportunities. Most job descriptions for career counseling services have a prerequisite for a master’s or graduate-level degree. Here’s how to become a career counselor.

1. Get the required education for career counselor jobs

Common career counselor degrees in social and behavioral science, or psychology, or sociology. The courses are the foundation for counseling skills. The post-graduate degrees for career counseling are master’s degrees in counseling and career service or masters in career counseling. The courses cover topics like career theories, development, counseling theories, and the psychology of human development.

2. Gain work experience career guidance services

Most undergraduate and post-graduate programs require you to participate in internships. The internships provide you with real-world experience will help you build the skills needed. The internship will help you gain will provide valuable work experience required for entry-level positions. 

3. Obtain certification for career coaching services

After you complete post-graduate program in career counseling you will need to obtain your professional certification. The National Career Development Association gives Certified Counselor Certification (CCC) credentials. You need to pass the National Counselor Examination (NCE). Some states require you to obtain a license to practice career coaching services. To keep your professional certifications valid you need to continuing education credit.

Also read: Setup your personal office online

How much do career counselors make?

The answer to the question of how much do career counselors make depends largely on where you work. If you run independent career consulting services you can charge a fixed amount per client. If you work in school or college you get paid a fixed salary. Factors such as experience, location, and the nature of employment will impact your salary. The average annual salary of a career counselor is around $41644.

1. Free career counseling agent salary

The average annual salary of a free career counseling agent salary working in the army is $58064. While the average annual salary for a correctional counselor salary is $47332. Free career coaching at community centers receives an hourly salary of $16.

2. Salary of career counselors NJ

The average salary of career counselors in NJ is $57137. The salary of an entry-level career counselor starts at $51265 and an experienced career counselor in NJ can earn up to $64384 per year. The remuneration depends on factors like education, certifications, and experience.

3. Salary of career counselors in Indianapolis

The average annual salary of career counselors in Indianapolis is $80463. The salary for career consultancy services in Indianapolis can start at $45687 and can go up to $111039 per year. The salary generally includes benefits. The salary of counselors will depend on the education, certification obtained, and experience.

4. Salary of career counseling Boulder

The average annual salary of career counseling Boulder is $53879. The salary of counselling jobs in Boulder for entry-level professionals can start at $49422 and experienced executives can go up to $62798. The salary depends on the education, certifications, and experience of the counselor.

Also read: 8 Best free Video Conferencing Software 2020 | Connect & Collaborate!

Career counseling certification

The career for career counseling has evolved from providing career advice to finding the best fit for an individual’s lifestyle, personality, and qualifications. To become a counselor you need to have a master’s degree in counseling.

The National Career Development Association offers the following 

  • Certified Career Counselor (CCC) 
  • Certified Masters of Career Service (CMCS)
  • Certified Career Service Provider (CCSP)

Other certification programs you can consider are 

  • Graduate Certificate in College and Career Counseling, University of Memphis, Tennessee
  • Graduate Certificate in Career Services (CCS), Western Kentucky University
  • Certified Career Coach Course, Get five
  • Certified Professional Career Coach, Indiana State University

Contingency theory of leadership – What are the 4 contingency theories – explained with examples!

Marketing

The contingency theory of leadership speaks of a different approach to leadership. In this blog, we deep dive into this concept and look into its models & principles.

Contingency theory of leadership

The contingency theory of leadership is an approach to leadership. According to it, there is no singular approach to leadership. Leaders will modify the processes depending on the situation. Effective leadership will lead to an efficient organization. The situational approach to leadership focuses on adaptability and combines different management styles in the best possible way.

What is contingency theory?

Before we begin, let us understand what is contingency theory? The contingency theory of leadership states the effectiveness of a leader is dependent on if their leadership style and its appropriateness in the situation. It emerged in the 1960s and was founded on the principle that no leadership style is appropriate for every situation.

An individual may be an effective leader in some situations and ineffective in others. When analyzing different leadership styles, there are three factors –traits, behavior, and the situation. The contingency theory of leadership emerged in the 1960s. It emphasized the leader’s personality and the circumstances in which they operate. The contingency theory of leadership has a multifaceted approach to management.

Also read: 21 irrefutable laws of leadership by John Maxwell

Contingency theory psychology

The Contingency theory of psychology is based on the assumption there is no universal approach to structuring organizations and managing people. The best path will depend on factors like the nature of the task, company culture, environment of the organization, and personality traits of the people involved. 

Contingency theory calls for a situational approach. Contingency theories emerged from real-life experiences of managers and leaders, who found there is no single approach that works in every situation. Contingency theory tries to find techniques appropriate for the present situation. Contingencies are affected by the external and internal environment. 

Contingency leadership models

Different contingency leadership models explain different leadership styles. Some of the contingency models of leadership are Fielder contingency theory, situational contingency theory, Path goal Theory, and Decision Theory. The Contingency models have similarities but have their distinct views on leadership.

1. Fiedler’s contingency theory

Fred Fielder developed one of the first contingency theories called Fiedler’s contingency theory of leadership. In the Fiedler contingency model, leadership styles are fixed and unchangeable. According to the Fiedler model, you cannot mold the leader. It is better to put leaders in a situation that matches their styles. Fielder’s contingency model has two features- 

  • Leadership style – Fielder’s contingency has the least preferred co-worker scale (LPC) to analyze your leadership style. To use the scale, think about the team member you least enjoyed working with and then rate them on the scale. Adding the numbers will help you find the preferred working score. A low score would indicate you have a task-oriented style, while a high score would relationship-oriented. 
  • Situational favorableness – Fiedler’s contingency model has a situational favorableness scale. This scale measures how favorable the situation is. It depends on three factors –
  1. Leader-member reason
  2. Task Structure
  3. Leader Position Power

Also read: 5 levels of leadership by John Maxwell

2. Situational Leadership theories

Paul Hersey and Ken Blanchard developed the Situational Theory of Leadership. Like other contingency theories of leadership, it focuses on the situation. The situational theory is also called the Hersey-Blanchard model. It focuses on the maturity level of your team members. There are two – situational approaches to leadership

  • Leadership style – Hersey and Blanchard leadership style has four styles –
  1. Telling or directing
  2. Selling or coaching
  3. Participating or supporting
  4. Delegating
  • Individual or group performance readiness level – According to situational-contingency theory, the group or person being led decides the right leadership style. The situation theory identified four maturity levels ranging from M1 to M4. This was later modified to the development levels ranging from D1 and D4.

3. Path-Goal Theory

Robert House developed the Path-Goal Theory in 1971. The theory identified processes that will allow the team members to meet their objectives. The leader will adjust their behavior and expectation to improve team productivity. The leader needs to have a flexible approach. Path-Goal theory identifies four styles of leadership –

  1. Directive Clarifying leader – the leader explains what they expect from their team and how to perform the task.
  2. Achievement Oriented Leader –Leaders will set high goals for their team, expect their team to meet them. They have complete confidence in their team’s performance. 
  3. Participative Leader – The leader asks for their team’s inputs before making decisions.
  4. Supportive Leader – The leader focuses on ensuring employee satisfaction.

Also read: Conscious leadership | How to become a conscious leader?

4. Decision-Making Theory

The decision-making theory or the Vroom Yetton Contingency Model believes that decisions are crucial elements of leadership. As per the model, decisions influence the relationship between leader and their team. The leader must maintain and build the relationship and directly affects their success. There are five leadership styles-

  1. Autocratic (A1) – The leader believes the information they have is sufficient to make decisions. 
  2. Autocratic (A2) – The leader consults their team as a unit, notes their suggestion but makes the final decision alone. 
  3. Consultative (C1) – The leader consult each team member individually for input and opinions. They will consider the suggestion before making their decisions.
  4. Consultative (C2) – The leader will consult on other employees at various levels. They may have in-depth discussions. They will take gather suggestions before making decisions.
  5. Collaborative (G2) – this contingency approach to leadership. They hold meetings, take inputs, and make decisions by vote.

Key traits of contingency leadership

The different contingency models of leadership have their difference but share a common thread. Contingency theory emphasis that effective leadership depends on the situation, task, and people involved. Contingency Leaders may react to situations differently. The efficiency of contingency leadership depends on factors like project scope, team size, and resource availability. Key traits of contingency leadership are

1. Contingency model adopts a flexible approach

Contingency model adopts a flexible approach. The fundamental belief of the contingency model is that there is no fixed approach to solving a problem. Organizational requirements change all the time. Situational leaders are flexible and modify their leadership style suitable to the maturity level of their team and present situation. They change their approach to get the work done.

Leaders in contingency theory are not rigid as they use different leadership styles depending on the tasks. They look at the bigger picture and adapt their leadership styles to build a robust organization and improve work environments and relationships. They assess their work environment to the changing dynamics.

2. Contingency theories of leadership style changes with the situation

Contingency theories of leadership style will depend on two factors = present situation and the maturity of the team members. Contingency leaders use the Hersey-Blanchard model to assess the maturity levels and development levels of their team. If the team or an employee is inexperienced, the leader will adopt a more hands-on approach.

They will give specific instructions and supervise them closely. As the team matures and their skill level improves, the leader will need to modify their approach and allow the employee to handle some of the decisions making themselves. Effective leaders recognize when they need to supervise the situation and when they can step back.

Also read: Laissez faire leadership | What is laissez faire leadership [with examples!

3. The contingency approach to leadership by participating

One of the contingency approaches to leadership, is to encourage their team to become more independent in performing tasks and take routine decisions. The leadership approach uses consulting and democratic leadership styles, with the high-level problem solving still under the leader’s purview.

The leader allows capable and mature team members to participate in some of the decision-making processes. The leader must be open to ideas that come from their team members. It encourages team members without supervision, fosters trust, and helps them drivers in the company. 

4. Contingency leadership theory is directing

The contingency approach to leadership is an extension of the directive approach when inexperienced team members. These members need a lot of supervision, knowledge transfer, and motivation to complete tasks. For entry-level teams, the leader gives them direct instructions to achieve their goal.

They provide detailed instructions on how to achieve the goal. The leader needs to be nurturing and encouraging. The leader must look ahead and have a game plan to make team members independent, to enable them to make their own decisions. The situational leader understands that well-trained employee is more efficient.

5. The contingency approach to management knows delegation

When teams are capable and mature, the leader can take a contingency approach to management and reduce their supervision and involvement in day-to-day activities gradually. When delegating, the leader is involved in discussing tasks and the targets, but the team members are free to decide how the target will be achieved.

The situational theories suggest that a democratic form of leadership will encourage their followers to take more responsibility. The team will feel more empowered and will be encouraged to work more efficiently. The leader will be free to focus on management responsibilities.

Also read: Leadership philosophy | 8 philosophies of great leaders [with templates]

6. Contingency theory of leadership examples

In an organization, several factors can affect efficiency. Different leaders have distinct styles to respond to a situation. However, even capable leaders feel challenged. Various contingency theory examples will help you think of a unique solution to the problem.

7. The situational theory of leadership example

Apple owes its massive success to Steve Jobs. Many people associate Jobs with an authoritative style of leadership, but his approach was more layered. His leadership is a great situational theory leadership example. He could motivate his team to follow ideas even when they were skeptical. He could delegate responsibility in areas he was unfamiliar with.

8. Contingent leadership example

In this contingent leadership example, Archie Burke was company ABC, who preferred to communicate in writing in person rather than communicate verbally. He sends thoughtful and well-drafted emails every week to his team. Neal a recruit was not receptive to written communication. To connect with Neal, Mr. Burke will have to adapt and interact with Neal personally or assign the task to his assistant.

9. Fiedler’s contingency model example

Pizza hut branch in Los Angles has appointed a new manager. In this scenario, you may expect the following factors

  • Trust may be low because you are new to the job. The staff turnover is high, so it will be tough to build relationships with them.
  • Task structure is high. Companies like Pizza Hut have detailed operating manuals which you need to follow.
  • You are in a position of power can hire and fire staff. 

If we adopt Fielder’s contingency model, we learn relationship-oriented leader is best suited for the position.

Also read: Trust Remote Teams | 10 best ways to build trust in remote teams of 2021?

10. Contingency management approach

Walter Elias Disney is the founder of Walter Disney Company. He was innovative, creative, and a fantastic leader because of his flexible leadership. Mr Disney followed a contingency management approach. He involved his employees in the decision-making process. There were instances he called his employees and act out scenes he envisioned. He would gauge if his employees had the same level of enthusiasm.

11. Contingency theory leadership example

In this contingency theory leadership example, Sam regularly shows up late to work. His manager could have given notice. A better approach would be to talk with the employee to determine why he is late before deciding the appropriate step. He may learn there are extenuating circumstances. The contingency approach theory allows Sam to keep his job.

Animal leadership – How to learn from animals & become effective leaders [with examples]

Leadership

Are you keen on understanding what is animal leadership? In this post, we deep dive into this leadership style, its characteristics, and examples.

Animal leadership

We become leaders through hard work, commitment, and experience. Some humans are natural leaders, while others gradually evolve into the role. In the last few years, biologists and anthropologists are trying to understand human leadership qualities by studying animal leadership. Animal leaders influence, guide, and communicate with their followers. They are responsible for the safety of their tribe.

Have you asked the question: What animal am I? –You may at times wonder, what animal am I? This question allows you to analyze yourself by thinking about the qualities you possess. Start by making a listing out your qualities and thinking about what makes you unique. After you have compiled your list think of animals that have similar traits. Some great animal choices would be –

  • Fox for being wily, clever, and strategic but can be dishonest.
  • Tigers are intelligent, independent, and quick thinking.
  • Lions are strong leaders, determined, and dedicated.
  • Monkeys are intelligent and nimble. They are great team players and can think out of the box.

Also read: How to become a charismatic leader [with examples]

What is animal leadership?

Animal leadership is not given to the leader on a platter. The leader has to earn the leadership, and they remain so till they die. The leader decides on the team hierarchy, and their subordinates accept leadership without question. Most animals have a black and white understanding of leadership.

Like humans, disputes and disruptions can affect the chain of leadership. Their experience gives them an edge. 

Characteristics like charisma and family links had little relevance. Women leaders did not play a prominent role till the 20 century. But in the animal kingdom females, often call the shots. Mammals like lions and foxes have a genuine understanding of leadership. Studying their behavior may help us become better leaders.

Animal personality test

Experts classify the animal kingdom into hunters and prey. Behaviorist feels human behavior exhibit similar traits. The animal personality test helps us learn more about ourselves. The tests answer the question what kind of animal are you? Every animal has its strengths and weaknesses. Your animal personality will reveal quite a lot about your personality.

You can utilize these strengths to succeed. You do not have to be a predator to succeed in business. The test can help you learn more about your colleagues, and give you clues to handle them better. Use animal personality tests to identify potential leaders. Some common personality test animals are the spirit animal survey and the Mayers Brings test.

Also read: John Maxwell’s 5 levels of leadership explained

10 Personality traits of animals

Animals have unique personality traits. Some animal traits closely mirror human behavior. Researchers studying animal personality have identified five main characteristics – aggression, courage, social, and active. Understanding personality traits have given may help humans understand and manage nature. The insight will also help you understand more about animal leadership. 

1. Qualities of a lion

Lions are the king of the jungle. There are several qualities of a lion that make them capable leaders. Lions are protective and are willing to fight to protect their territory, mates, cubs, pride, and themselves. They are hunters and fight for what they need.

They can delegate and not micromanage. Lions sleep for several hours a day and trust the task will be handled effectively. They will not worry about the outcome of what will happen.

They are equitable partners in the animal kingdom when it comes to eating. They leave enough leftovers for their pride and other scavenger animals and birds.

2. Animal leaders in horse herd

Horses have complicated and hierarchical herd dynamics. The herd must choose the animal leaders carefully to stay safe from predators. The herd leader is the strongest member of the herd, and they compete for the position daily. The leader needs to reinforce their position, and lead their herd consistently.

As leaders, the horse needs to be aware of their surroundings. They use awareness to search for food and to stay safe from predators. The leaders learn to conserve their energy. They assert their authority by a simple twitch of their ear or nod. Animal leadership in horses does not need to through their weight around.

Also read: 21 irrefutable laws of leadership [with examples]

3. Leadership qualities of an eagle

We have always been fascinated by eagles. Eagle’s eyes are designed for long-distance focus with clarity. Their eyesight is four to eight stronger than normal humans. 

Their keen eyesight helps them hunt successfully. As hunters, they have to stay patient and focused during the hunt. They do not lose focus on the prey even if they are flying high.

Eagles are fearless and are willing to fight to defeat prey or defend their territory. They can prey on animals that are larger and stronger than them. Though aggressive, eagles are great at nurturing their young.

Eagles are tenacious defenders. They use their claws to defend themselves. They are known to use strong wind currents to fly higher.

4. Leadership lesson from wolves

Animal leadership lessons from wolves give us management insights. Wolves travel in packs and understand the importance of sticking together to survive.

The wolves have a hierarchical structure, alpha male and female lead their packs and are responsible for protecting their pack, and hunting. Alpha leaders do not lead by fear or anger, but with gentle sternness and confidence. They use a calm presence, rather than disruption and chaos.

Wolves can get things done by sharing the workload. The tasks get evenly delegated. The wolf pack knows that teams that stick together, are aware of roles and responsibilities, and communicate effectively have a higher chance of success.

5. Baboons are alpha male animals

There is a clear dominance hierarchy or pecking order seen in the social interaction of some animals. In social groups of animals, the animals compete for limited resources and mating opportunities. Rather than fighting all the time, baboons establish a relative ranking by members of the same sex. The dominant animals are called alpha male animals.

The alpha male baboon is the most powerful and influential. There are rules which subordinate baboons have to follow. If anyone disobeys the rules, there are harsh consequences. Discipline is nonnegotiable. The alpha baboon is responsible for protecting its followers from dangerous situations. They are not afraid to stand their ground and willingly risk personal safety for the safety of others.

Also read: 8 philosophies of great leaders [with templates]

6. Sheepdogs are bossy animals

Some experts consider sheepdogs are bossy animals. Initially, the sheepdog forcibly maneuvers the sheep. The sheepdog displays animal leadership by ensuring the sheep in their command stay safe. They move deliberately, having an objective and knowing how to reach it.

Sheepdogs generally lead from behind, letting one sheep assume the front role, as long as it operates within acceptable parameters. After a few successful trips, the sheepdog lets the sheep lead the flock under supervision. Sheep are not scared of the dog but respect it. The sheepdog will step in if there is a conflict or attack. They interfere only if the sheep goes off course.

7. Animal personality characteristics

Any pet owner will tell you that animals have personalities. Research on animals indicates individual differences in animal species. Five factors that describe human personality are extraversion, agreeableness, conscientiousness, neuroticism, and openness. In animals personality characteristics can explain the difference in dominance rank, coping, cognitive abilities, and physiology. Animal personality characteristics measures are exploration, activity, aggressiveness, sociability, and boldness.

Researchers think animals like gorillas and chimpanzees display human factor consciousness. Animal personality is not static and adapts to changing environments. Their response to the environment may be short-term or long-term. Temperament is used to describe the personality of farm animals.

8. Chimpanzee leadership animals

Dominant male rule chimpanzee tribe. The chimpanzee leadership animals climb up the hierarchy chain. Male chimpanzee leaders maintain their leadership through strength and intimation. The leader has emotional intelligence and knows how to keep everyone happy.

The alpha leader knows the importance of building alliances. To retain power, he carefully manages his relationship with other powerful males. They try to build a large and steady alliance to manage their clan. They spend a lot of time with one another and back each other in fights. They use the alliance to cement their leadership. The animal leadership of bullies is short-lived.

Also read: What is laissez-faire leadership; its importance [with examples]

9. Elephants are animals that represent leadership

Elephants are animals that represent leadership. Elephants move around in a herd. Alpha female leader leads the herd. Unlike many leaders in the animal kingdom, the matriarch leads the elephant tribe by strength, social intelligence, problem-solving skills, patience, and compassion.

Elephants are intelligent have a good long-term memory. The leader remembers crucial information about the location of water and food sources. They communicate well by taking inputs and avoiding mistakes.

Successful matriarch maintains ties relationships with all members of the herd. They are open to suggestions at the time of crises but are the final decision-makers. They are decisive about their decisions.

10. Animal leadership in queen bees

The queen bee is the matriarch in the hive. The queen lay on the eggs to ensure the future survival of her colony. There is a lot to learn from animal leadership in bees. The worker bees entrust the queen to protect the future as she protects the eggs.

Bee colonies operate by decentralizing authority. The main queen bee transfers authority, to the local leader in smaller groups. Dividing the leadership, the groups can focus on their core job, leading to higher efficiency.

Though the queen bee is the head of the hive, worker bees evaluate her performance, and if her performance declines or is unsatisfactory, the worker bees start a succession plan in advance.

Also read: What is autocratic leadership & its importance [with examples]

How to find what animal are you?

Many of us wonder what animal am I like or which animal matches our personality?

Your inner animal reflects your personality, feeling, behavior towards others in different situations. Fortunately, we can control our behavior and emotions, and we make decisions at any time. There are many types of animal quiz on the internet.

There are different animal personality tests you can take like the 4 animal personality tests, the spirit animal test, or the Myers-Briggs animal personality quiz. Animals usually stay away from their predators. These tests may indicate the kind of people you should mix with and the kind of people you should avoid. It is important to answer these quizzes honestly as there are no right or wrong answers.

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