Category Archives: Money

“James River Capital Founder Paul Saunders Offers Tips About Work Burnout “

According to a report released by CNBC, every year, employee burnout costs around $125 billion to $190 billion in health care expense. It is also linked to various health illnesses such as coronary heart disease, type 2 diabetes, high cholesterol, gastrointestinal problems, and even death to employees under the age of 45. It appears that the founder of James River Capital, Paul Saunders, knows his facts about burnout too well. The founder recently shared several tips on how to solve workplace burnout.

 

Burnout is a usual occurrence in the workplace which is manifested through emotional and physical exhaustion due to stress or overwork. While humans can handle stress, prolonged and sustained in a long span of time causes cynicism, poor performance, and exhaustion that characterizes burnout. Paul Saunders shares how employers and leaders can prevent and solve this in the workplace.

 

Offer Employee a Sense of Control

According to Paul, inflexible schedules and policies often lead to employee burnout. To resolve this, he recommends empowering the employee by giving him a certain degree of control when it comes to company policies as well as in scheduling. The CEO also suggests to give employees 10 to 15 minutes every morning so he could outline his goals for the day ahead. This provides them the feeling of having control of their work for the day.

 

Help Manage Stress

It is important to make sure that the stress levels are under control to prevent long-term exposure to stress that could cause burnout. According to Paul, it would be helpful if employers or leaders could provide workshops and other activities to assist employees in coping with everyday stress in the workplace and even at home.

 

Teach Employees How To Regain Their Lost Confidence

Burnout makes the employee question his ability and his work quality. Since confidence is slowly deteriorating, most employees get lost with their goals and perform poorly. As an employer or leader, assist employees by helping them make their own personal goals. These goals must be achievable so employees can regain his confidence.

 

About Paul Saunders

Paul Saunders is the chairman, chief executive officer, and founder of James River Capital Corporation and its affiliated companies. He went to the University of Virginia to get his bachelor’s degree. He finished his master’s degree at the University of Chicago. His love for finance has brought him a spot in the investment banking industry and later in trading and investment.

 

James River Capital Corporation

James River Capital Corporation offers investment advisory to its clients. It provides advisory, commodity trading, investment management, and several other services. The company is currently headquartered in Richmond in Virginia. It was originally founded as KP Futures Management Corporation in 1986 where it served as the Kidder, Peabody &Co.’s alternative investment. It became an independent firm in 1995 when Kevin Brandt and Paul Saunders acquired it from Kidder. James River Capital Corp is an investment advisor registered in the Securities and Exchange Commission. It is also registered in the CFTC as a Commodity Pool Operator and as a Commodity Trading Advisor. Learn more: https://vimeo.com/272365860

 

“James River on Causes of Burnout and How To Curb Them. “

In business, burnout is a common issue that if not taken care of can cause too much damage to the business. There are a number of factors, other than the general human biology which gets saturated when it consumes too much of the same routine, that can cause burnout in a business organization. Though these factors might seem mild at first, they can quickly reduce the productivity of the team if not taken care of in time. These factors are discussed in detail by the founder, chairman, and CEO of the James River Capital Corporation.

Loss of confidence.

When your staff is experiencing a burnout, they lose faith in themselves which is indicated by second-guessing their skills and the quality of the work they present. When individuals are in this state of mind, they lose interest in an activity that previously excited them and withdraw from active participation in their daily work. The best way that management can mitigate the issue of lack confidence in the business is through motivation and assistance in achieving set goals. Once management has shown interest in their employees’ personal goals and their work, not to blame but to support, employees will start to regain their confidence and get back to the level of productivity that is expected of them. This can also be achieved by setting for them small achievable goals in the meantime.

Changes in Attitude.

Paul Saunders points out that once employees are stressed, their emotions spiral out of control and it gets easier for them to get irritable and upset in a matter of time. The change in attitude is caused by the general lack of motivation, moodiness and the actual burnout. To curb this, it’s important that you talk to your employees or create a platform that can help them communicate with you. Support your employees and help them reduce their workload so they can easily de-touch from their work outside their offices. Suggesting a new hobby as well as allowing them reasonable time off is also a nice way to go about it. Learn more: https://www.brightscope.com/financial-planning/firm/70804/James-River-Capital-Corp/

Transparency in Business Administration.

Transparency is a crucial part of the business and helps create a loyal staff. In most cases, employees expect to grow with the business since they feel like part and parcel of the business. It is, therefore, necessary that the business creates transparent channels of communication as well as promotions and rewards for the work the employee does. Paul Saunders indicated that when employees feel like they are not being considered for a promotion or that they are under compensated, the business is at the risk of burnout.

Paul Saunders has been the chair and CEO of the James River Capital and it’s affiliated from 1999 to date and has experience in running investment firms and managing hedge funds.