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The Key to Business Growth is People

Every manager has opportunities to coaching and feedback skills into their relationships with employees, even in fields where processes and structures make it challenging, or in today’s volatile business landscape. Coaching, in essence, helps people identify – for themselves – the power of their potential.

Instead of giving them step-by-step instructions of exactly which roads to take, you are handing them a map and a compass and allowing them to find their way to that end destination. They may take different roads than you would, but it allows those employees to grow and develop on their own instead of continuing to rely on you. Through coaching, employees learn to solve problems on their own.

HERE ARE 7 COACHING TIPS FOR MANAGERS TO BECOME BETTER COACHES:

  1. Listen before you respond: Gathering as much information as possible will help you decide if this is a situation where you should act as a manager or as a coach. Without knowing the extent of the employee’s concerns or problems, it is easy to misjudge whether it is an opportunity for a coaching conversation or not.
  2. Think of yourself as a sounding board, not a Magic 8-Ball: As a manager coach, you are there to help employees solve their own problems instead of telling them what to do. Adjust your mindset away from providing answers or suggestions toward offering employees independence and trusting them to come up with a solution.
  3. Ask questions, don’t just tell employees what to do: Often, managers get into the trap of being the problem-solver for their direct reports. With employees who are searching for the answer to a problem, ask questions that lead the employee toward solving their own problems, instead of giving them your solution.
  4. Use open-ended questions, not closed-ended questions: Also known as discovery questions, open-ended questions increase the coachees’ engagement in the conversation as they brainstorm their own solutions. Instead of “yes” or “no” answers, open-ended questions solicit ideas, drawbacks, potential opportunities, and options from the employee being coached.
  5. When someone asks you a question, that’s your trigger to ask a question back: Especially when employees want to know “How should I solve this problem?” you can immediately go into coach mode and ask “How do you think it should be solved?” This interaction creates a great learning opportunity, an answer that potentially could be better than the answer you might have provided, and increased efficiency through quicker problem-solving.
  6. Encourage employees to think about potential barriers: Part of being a coach is being realistic about what might derail a plan of action. Once the employee has devised a solution, it’s critical for coaches to remind him or her of what could go wrong and help him or her to establish alternatives and adaptations if something unexpectedly goes differently than planned.
  7. Create a contract of accountability: For a true coaching conversation to occur, action must be generated and accountability must be established. Once the employee has made his or her decision, create a timeline and a deadline for the desired action to take place and follow up.

Coaching can be part of many situations: a career goals conversation, a yearly review, or even a tough conversation about performance. There’s a time and place to be a manager or a coach in the workplace; not every situation will be ideal for one approach or the other. But when managers become better coaches to employees, the benefits are incredible: it can increase employee engagement, establish trust in employees, help gain a variety of perspectives, allow employees to grow and develop as leaders, and gain buy-in for decisions.

The workplace benefits of coaching are numerous. If you’re a leader or manager, developing a coaching mindset moves your team members toward success.

By LINDA DAUSEND

Source: https://www.humanresourcestoday.com/edition/weekly-wellness-compliance-training-2021-07-31?open-article-id=19908216&article-title=7-tips-for-managers-to-become-a-better-coach-now&blog-domain=flashpointleadership.com&blog-title=flashpoint

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Building A Strong Online Business

Running an online business can give you the freedom to live life on your terms, but only if you know what you’re doing.

If you walk up to people on the street and ask them what the No. 1 thing is that they want most out of life, the answers will all likely have something to do with one word: freedom. Financial freedom, geographical freedom, the freedom to live your life on your own terms and take control of your destiny. It almost sounds too good to be true … But in today’s age, it has become not only a possibility, but a reality for many entrepreneurs who have decided to take their destiny into their own hands by taking a risk and starting their own ecommerce business.

While creating an online business may seem like the perfect way to grow your income and have the lifestyle and freedom you desire, it is far from easy. In order to be successful in the business world, there are five factors that you need to master.

1. Mentorship

Not only is it important to have access to quality information, but it is also important to have one or more mentors that can provide you with one-on-one guidance and counseling. When starting a business, it is inevitable that you will have many questions. Having the right mentor is going to help guide you in the right direction, and you’ll learn from their mistakes, rather than making your own. There’s nothing more valuable than directly getting help from a successful businessman, somebody whom you would trade places with.

Access to quality one-on-one mentorship where you’re able to ask somebody who’s in the trenches and building brands every day questions is extremely valuable. In order to provide the best services for your clients and build your business, quality mentorship should be an integral part of your program. In this manner, clients can learn all the steps needed to start a successful business, whether it be in ecommerce or a different branch.

2. Persistence 

Ecommerce has grown into a multi-trillion dollar industry and has created the most important technological revolution in business in the 21st century. Millions of people around the world are literally making millions selling products online; however, it’s not for everyone. Building a business is not easy, and you will fall down more than once. Hence, in order to build a successful ecommerce business, you must work harder than everyone else and keep going even when you feel like quitting.

If you want to live a life like nobody else, you must work like nobody else. When you feel like giving up, you should remind yourself of this. Only through persistence will you be able to build a successful business.

3. Mindset

In a similar fashion, a positive mindset is extremely important when it comes to building a business. Many people, even those who are able to succeed, lack this necessary mindset, which means that any short-term gains and successes won’t be sustainable. Without the right mindset, it is impossible to build a business that will thrive in the long term. Mindset is entirely learnable and can be studied and adopted by anybody with the will to succeed.

4. Access to the right information

In today’s day and age, there is an excess of information on the internet. While having access to information is an advantage, a lot of information is not reliable and steers many people the wrong way. Hence, it is important to educate yourself with quality information, such as that provided in a quality course. In order to have a successful business, quality education and information need to be made a priority for each and every one of your clients.

With the way the world is going, there is nothing that competes with buying products online, but a lot of people get excited about the amount of money they could make in the business and get into it without any knowledge or experience. Getting into this business without having the right information and guidance will most likely lead to failure.

5. Faith

Throughout the many ups and downs that come with starting your own business, ultimately your success will finally come down to your level of belief in yourself and your faith. Whether it be in God, in the Universe or whichever higher power you believe in, it is important to have faith in something greater and know that you are not alone.

If you truly center on these factors and focus on growing as a person and entrepreneur, you will stand out from the crowd, and there is no doubt that you will build a successful business.

By Jose Aristimuno, ENTREPRENEUR LEADERSHIP NETWORK CONTRIBUTOR, CEO of VIP MEDIA SOLUTIONS

Source: https://www.entrepreneur.com/article/380628

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4 Ways to Modernize Your Business

In the digital age, operating a successful business increasingly requires a touch of modernity. The traditional business tactics and operational standards of the 20th century are rapidly being overshadowed by new technology and new methods of communications. In order to keep your business on top of its game, and keep up with the times, here are some essential goals for upgrading your business in the modern age.

  1. Cloud-Based Solutions

Everything business-related is transitioning to cloud computing. Whether you are operating multiple business locations or just working from home, keeping all of your business-related computing relegated to online servers gives you a leg up in both security and convenience. Working explicitly from local files makes your work far less portable, increasing the difficulty of long-distance collaboration and restricting your access to business-related data while on the road. Turning to cloud-based solutions provides you the ability to connect your business materials and all of your business associates at the push of a button. Plus, aside from the convenience of access, cloud services are increasingly incorporating built-in analytics services and machine learning capabilities to open the door to more capabilities for business owners to enhance and expand upon their current marketing strategies.

  1. Software Automation

In line with the ever-evolving capabilities of most modern cloud-based services, you should take advantage of MLOps strategies for implementing AI-based software automation to improve your overall productivity. Invest in programs that streamline your day-to-day tasks like automated scheduling assistants, time management analytics tools, and data management programs to track expenses, organize accounts payable, and automate invoicing.

The human element is essential to creativity and ingenuity; however, automation allows you to delegate repetitive data-oriented tasks to programs that can manage them with far more efficiency. This boosts your business’s overall flexibility by giving you and your employees more freedom to tackle any tasks that require a direct, human touch, like customer relations and marketing content.

  1. Messaging Apps and Social Media

Once upon a time, the postal service was the go-to means of communicating important information between multiple parties; then, email took its place as the king of communication. Now, social media and interoffice messaging systems give you the best advantage in establishing reliable lines of communication both within and without your business. Whether you need to notify your staff with important information, contact specific employees directly, or interact with the general public, social media sites like Twitter and Facebook as well as messaging apps like Slack and Discord simplify and streamline communication. Where letters and emails created downtime and posed the risk of “lost” messages, these modern communications platforms reduce clutter and ensure instantaneous, direct interaction, improving both interoffice and remote interactions.

  1. Digital Marketing

Print marketing is rapidly becoming an outdated method of sharing product information with potential clients. In the digital age, your best option for marketing your goods and services is digital content. With online marketing tools, you are no longer limited to a specific quantity of marketing materials, so you can reach out to an unlimited number of existing and potential clients with the push of a button. Amidst digital graphics, video content, blogs, and direct contact via social media, the digital age offers a wide variety of marketing opportunities. More important, perhaps, than the specific digital “medium” used, is to take advantage of real-time marketing strategies. Marketers can now interact with customers immediately, rather than waiting for weeks or even months to compile useful feedback. Social media, for example, allows you to gather real-time data from customers to quickly make adjustments that will improve their experience on the go.

While the core principles of operating a successful business never change, the tools available do. Whenever you are modernizing your business, just keep in mind that as technology evolves so too should your business strategies to take full advantage of the tools currently available. Keep testing the waters with new techniques and technologies, and learn to incorporate the parts that are successful.

 

BY CHANTAL BECHERVAISE

Source: https://www.humanresourcestoday.com/edition/daily-psychological-contract-diversity-2021-07-01/?open-article-id=16442745&article-title=4-ways-to-modernize-your-business&blog-domain=takeitpersonelly.com&blog-title=take-it-personel-ly

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Why Investing in Your Employees Can Benefit Your Company

Your employees are your business, it is that simple. The people you bring on, train and put into strategic positions throughout the organization are what will make or break your success. From the bottom to the top of the hierarchy, your human capital is your most important capital. This is why it makes so much sense to invest in these people. From sending employees on a leadership career track to business school to simple online seminars or cross-training opportunities, professional development takes many forms. If you are considering an MBA for an employee, keep in mind that there are MBA admissions consultants out there to help you make the right choice.

Employers must start to think of human capital development in terms of ROI. With that in mind, below are some of the ways investing in employees can benefit your company.

Employee Engagement

A Gallup poll from 2018 indicated that only 34 percent of employees in the United States felt engaged at work, which was broadly reflective of a worldwide crisis of engagement. There are a variety of reasons for this lack of engagement, including feelings of burnout from job creep, organizations failing to align philosophically with employees, apathy that comes from a lack of job security but also, importantly, a lack of investment in human capital on the part of employers.

Too often employers see the labour force as mere tools and means to ends, rather than strategic assets to be developed. When employees feel that their professional development and career health is taken seriously by their employers, engagement will increase in turn. Engagement corresponds to more job satisfaction, bigger and better brand advocates for the business, better collaboration and better employee retention.

Attract New Talent

Another reason it pays dividends for an organization to invest in its current workforce is that doing so has future benefits for recruitment and talent acquisition. Surveys have shown that the vast majority of people are willing to trade less money for more meaningful work, which translates into a lot of different things, but among them is work that allows them to develop and utilize their skills and core competencies.

The implications for talent acquisition are easy to see and potentially enormous. If a business is able to establish a reputation as a place that nurtures talent, invests in its people’s professional development and provides opportunities to constantly grow and improve skill sets, it will be a much more attractive place to work for talented, ambitious people looking for a challenge and interested in lifelong learning.

Future-Proof

Investing in people should also be seen as a necessary part of future-proofing the organization. The rate of economic change that is taking place and will continue to do so obligates leadership to take a future-proofing approach to business. The pandemic proved that entire business models could dry up overnight and that the resulting skills gaps could potentially cripple an organization or industry. Your people are your best chance against being blindsided by the future.

Investing in employees can provide the organization with valuable skills–particularly digital ones–to ensure a more seamless transition to a much more digital business environment. It can also ensure that the mission-critical skill sets required for business success are always in supply. Having employees who are able to cover for one another, pick up the slack for absent coworkers and take on new responsibilities when necessary make the organization much more agile.

Productivity

Investing in employees also has implications for productivity. Employees who are confident that their employer has their professional best interests at heart and are committed to providing them with opportunities to improve and increase their skills are more likely to want to do their best for the company. The management and organizational behavioural literature over the last year have been almost singularly obsessed with the phenomenon of decreasing productivity, what to do about it and when, if ever, it will be back.

Of the many things that we know about productivity and the influences on it, employees who believe they are supported in their professional development by their employers are more likely to want to exert themselves on behalf of the company and to make the best use of their working hours. The quality of the employee-employer relationship is dictated by many things, but among them is certainly the extent to which the former believes the latter is concerned about their careers and professional development.

Conclusion

The problem with many organizations is that labour expenses are seen as something to be kept as low as possible at all costs. Professional development and enriching the organization’s human capital takes a back seat with such a philosophy. What these businesses don’t realize is that they are shooting themselves in the foot in the medium to long-term. Investments in employees, and particularly promising people with a demonstrated desire to learn, improve and add value, are investments in the business.

Image by Ronald Carreño from Pixabay

By Editor’s choice|Employee recognition

 

Source: https://www.humanresourcestoday.com/?open-article-id=16422120&article-title=why-investing-in-your-employees-can-benefit-your-company-&blog-domain=gethppy.com&blog-title=get-hppy

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5 Small Habits All Leaders Should Do to Grow Their Business

Growing a business takes continual commitment.
Tiffany Pham
ENTREPRENEUR LEADERSHIP NETWORK CONTRIBUTOR
CEO of Mogul
March 8, 2021 5 min read
Opinions expressed by Entrepreneur contributors are their own.

While working in the media industry, I taught myself how to code to build a platform that connects women and minorities to professional opportunities. I worked at my day job and then coded at night — night after night, week after week, month after month. The commitment to my purpose became a habit, which then provided the momentum to scale my company, Mogul, to what it is today.

I believe that what makes certain businesses struggle and others thrive is the difference between the daily commitments and small habits that leaders create in order to help others move toward their greatest potential. Here are five daily habits that will help your business thrive.

Commit to listening

Listening is a superpower. I can’t stress enough how important it is to develop your active listening abilities, especially when you lead a team of individuals. Everybody on your team is unique, and their communication preferences are as well. Some people like to be cheered on with positive affirmations. Others prefer straight talk and getting right down to the point.

As leaders, part of our job is to listen and learn how our team members communicate, and to adapt our communication style to match theirs (more on communication below). It’s our responsibility to listen, uncover what makes each individual tick and elevate their passion that empowers them to produce inspired work.

Commit to communication

The way we speak to our team matters. Especially because you’re in a position of influence, your words hold more weight than others. Any sign of talking down to a team member can ultimately erode a working relationship — and it can happen fast. When providing feedback, it’s important always to be mindful of your messaging.

My suggestion is to first aim to validate. For example, we once had a situation where our team continued pushing back the delivery date for a project, so I decided to step in and provide support. Instead of just expressing frustration, I made sure to share what I did like and precisely why. I then offered my notes for edits and focused on framing everything in the positive. Our primary goal with the way we communicate is to lift our team, help them grow in their role and support their career advancement.

Commit to learning

Taking time to deepen your expertise should be a mandatory practice. Information is ubiquitous, and it’s never been easier to further our education and develop a deeper understanding of our field. I’m continually reading about current events, industry trends, following other peers and thought-leaders and finding ways to continue uncovering strategies that help me be a better leader.

Like many of us, I wish there were more hours in the day, so I schedule time once or twice a week specifically for learning and upskilling. If something doesn’t get on my calendar it doesn’t exist. I give myself a certain topic to focus on throughout the week, and I dedicate the scheduled time to focused learning.

 

Commit to systems

Now more than ever, speed wins. And the essential way to be more effective with your decision-making ability as a leader is to create flexible systems. The more you tangibly understand the mechanisms that make your business run, the better it allows you to iterate on your systems. From how you hire, share internal communication and deploy external messaging, to how you structure your entire organization, nearly everything within your business should be put to a system and continually optimized.

By having a process in place, you can better track and locate inefficiencies. Systems can empower you to think long-term more effectively because they stack on top of each other, which will then enable you to make more informed decisions. The best leaders I’ve known are the ones who continually commit to creating more efficient systems.

Commit to yourself

You can’t lead a team of people and grow a business if you don’t care for yourself. Forgive me for what may seem like stereotypical advice, but we all need to make sure we’re doing the foundational things well. Find your optimal amount of sleep, eat breakfast in the morning, mind your posture at your desk throughout the day and take breaks for your physical and mental health. As often as I can, I stop scheduling meetings at a certain time of the day to help me end the workday at a reasonable hour and stave off burnout.

The best way I’ve found to keep my mental and physical health at the forefront of my mind is to schedule my day as detailed as possible. I even plan my short breaks to stretch or take a walk. I periodically put 20-minute breaks in my calendar and use them to unplug from work-life and reconnect with real life.

The little commitments matter, and the habits will compound over time. If you want to be an effective leader, it starts with leading yourself. So take care of yourself and live to work another day.

Source: https://www.entrepreneur.com/article/365862

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Data Is Great — But It’s Not a Replacement for Talking to Customers

kkgas/Stocksy

 

Summary: Many companies rely too much on big data and analytics in their hunt for strategic insights.  They’d do better if they actually went out and talked to their customers instead, as Toyota and Adobe do, because data is too rooted in what managers already think their customers are interested in.

 

 

The ability to gather and process intimate, granular detail on a mass scale promises to uncover unimaginable relationships within a market. But does “detail” actually equate to “insight”?

Many decision-makers clearly believe it does. In Australia, for instance, the big four banks Westpac, National, ANZ, and Commonwealth are spending large on churning through mountains of customer data that relate one set of variables — gender, age, and occupation, for instance — to a range of banking products and services. Australia’s largest bank, the Commonwealth, has announced its big data push.

Like the big banks, Australia’s two largest supermarket chains, Woolworths and Coles, are scouring customer data and applying the massive computer power now available, and needed, with statistical techniques in the search for “insights.” This could involve the combination of web browsing activity, with social media use, with purchasing patterns and so on — complex analysis across diverse platforms.

While applying correlation and regression analysis (among other tools) to truckloads of data has its place, I have a real concern that — once again — CEOs and senior executives will retreat to their suites satisfied that the IT department will now do all the heavy lifting when it comes to listening to the customer.

Data’s Deceptive Appeal

To peek into the deceptive appeal of numbers, let’s review how one business hid behind its data for years.

Keith is the CEO of a wealth management business focused on high-net-worth individuals. It assists them with their investments by providing products, portfolio solutions, financial planning advice, and real estate opportunities.

Like its competitors, Keith’s company employed surveys to gather data on how the business was performing. But Keith and his executive team came to realize that dredging through these details was not producing insights that management might use in strategy development.

So, Keith’s team decided on a different path. One that really did involve listening to the customer. They conducted a series of client interviews structured in a way that allowed the customer to do the talking and the company to do the listening. What Keith and his executives discovered really shocked them.

The first was that their data was based on nonsense. This came about because the questions they’d been asking were built on managers’ perceptions of what clients needed to answer. They weren’t constructed on what clients wanted to express. This resulted in data that didn’t reflect clients’ real requirements. The list of priorities obtained via client interviews compared to management’s assumed client priorities coincided a mere 50 percent of the time.

Keith’s business is not alone in this as studies have shown that big data is often “precisely inaccurate.” A study reported by Deloitte found that “more than two-thirds of survey respondents stated that the third-party data about them was only 0 to 50 percent correct as a whole. One-third of respondents perceived the information to be 0 to 25 percent correct.”

In Keith’s case, this error was compounded when it came to the rating of these requirements. For example, the company believed that older clients wouldn’t rank “technology” (digital and online tools) as high on their list of requirements. However, in the interviews, they discovered that while these older clients weren’t big users of technology themselves, many cared about it a great deal. This was because they had assistants who did use it and because they considered having state-of-the-art technology a prerequisite for an up-to-date business.

What Keith and his team also discovered, to their surprise, was how few interviews it took to gain genuine insight. Keith reports that “we needed around 18 to 20 clients to uncover most of the substantive feedback. We thought we’d need many more.” What Keith has encountered here is saturation; a research term referring to the point when you can stop conducting interviews because you fail to hear anything new.

Listening to the Customer

Engaging with your customers may not be as exciting and new as investing in “big data.” But it does have a solid track record of success. Cast your minds back to a historic time in Toyota’s history.

When Toyota wanted to develop a luxury car for the United States, its team didn’t hunker down in Tokyo to come up with the perfect design. Nor did it sift through data obtained from existing Toyota customers about current Toyota models. Instead, it sent its designers and managers to California to observe and interview the target customer — an American, male, high-income executive — to find out what he wanted in a car. This knowledge, combined with its undoubted engineering excellence, resulted in a completely new direction for Toyota: a luxury export to the United States. You will know it better as the Lexus. Listening to the customer is now embedded in Toyota’s culture.

Listening to the customer is also a fundamental component of Adobe’s culture. The company speaks of a “culture of customer listening” and has produced a useful set of guidelines on how to tune in to customers. Elaine Chao, a Product Manager with the company, has expressed it this way: “Listening is the first step. We try to focus on what customers want to accomplish, not necessarily how they want to accomplish it.”

So, provided your data isn’t “precisely inaccurate” employ modern computer power to examine patterns in your customers’ buying behavior. But understand big data’s limitations. The data is historic and static. It’s historic because it’s about the past. Your customers have most likely moved on from what the data captures. And it’s static because, as with any computer modeling, it can never answer a question that you didn’t think to ask.

Real insights come from seeing the world through someone else’s eyes. You will only ever get that by truly engaging with customers and listening to their stories.

March 05, 2021
Source: https://hbr.org/2021/03/data-is-great-but-its-not-a-replacement-for-talking-to-customers
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5 Ways to Build Employee Confidence and Increase Engagement

Leaders and human resource managers build a high level of employee engagement and confidence to create a productive workplace environment. As a leader, whether you are a manager, supervisor, or team lead, it is your duty to encourage employee morale, including attitude, feedback, and satisfaction. During the Covid-19 pandemic, corporations and businesses had to transition and develop effective ways for engaging their personnel.

The task was complex at the beginning of the pandemic, especially for companies without the technologies to continue operations virtually. Employers implemented engaging online activities comprising team building, team meetings, conduct assessment, counseling, and other learning and interactive engagements. (1) You can control and create a culture in the workplace that builds positive employee morale.

Advantages of Building Employee Morale:

  • Increased productivity.
  • Boost in sales for products and services that increase profits.
  • Higher level of customer satisfaction.
  • Builds trust between the employees and leaders.
  • Creates transparency throughout the entire workplace environment.
     

Research studies prove that practiced employee morale in the workplace has a positive effect on employees’ job performance and productivity. You want to ensure a cultural attitude that ensures all employees of your organization are giving their best efforts. Your primary focus should be to continuously reinforce the importance of committing to the company’s goals and values.

Your employees have to trust their leaders and see transparency in the workplace. You must avoid showing any kind of favoritism and treat each employee equally with respect. It will ultimately increase customer satisfaction and increase sales and profits.

Five Tips to Help You Build Confidence and Increase Engagement of Your Employees

1. Empower Your Team with Training and Resources

When your employees receive training and have resources to help them fulfill their duties and responsibilities, the results are confidence and empowerment. Employers can experience a high rate of employee turnover because their team members lack training or received incorrect training. Training helps to build confidence, and it ensures each employee knows what to do and how to perform all assigned tasks. (2)

2. Communicate Efficiently to Team Leaders and Members

Effective communication between team members and leaders helps to build trust and confidence. It encourages engagement to resolve internal and external issues in the workplace. If your employees know they can communicate with you openly and regularly, the outcome is an increase in productivity and engagement. Set up weekly team meetings to have open discussions about improvements within the organization to make it a better workplace environment.

3. Use Recognition and Reward Incentives

Human resource managers and leaders should use recognition and reward incentives to uplift their employees for a job well done. It shows them that their works are valuable to the organization and keeps them motivated to perform their best daily. You can recognize your employees with recognition certificates or plaques and rewards, such as gift cards.

4. Provide Ethical Training to the Employees and Management

Ethical training helps to create a thriving workplace culture to cultivate principles, making it fair and safe. It teaches ethical behavior, the importance of customer privacy and data protection, and code of conduct. You and your employees will learn about customer relations and the significance of customer satisfaction.

5. Offer Fair Compensation and Benefits

Employees and management work more productively when they receive fair pay for their work. Benefits, such as health insurance with wellness programs and investment plans, help to increase employee engagement and confidence. Health benefits and fair compensation are definitely ways to encourage and motivate your employees.

The psychological approach for engaging employees involves their emotional, cognitive, and physical engagement in the workplace. (3) You have the obligation to provide for your employees’ needs in training and building a friendly and positive environment, while they are at work. It will influence them to contribute to the organization and commit to reaching the company’s desired goals.

Despite the pandemic, employers are implementing virtual and outdoor activities to engage their employees and their family members. From virtual learning to stress relief webinars and lunch video conferences, human resource managers and organizations are getting more creative. Millions of workers are returning to the workplace after receiving Covid-19 vaccines, but the online engagement activities will remain active. It is a trend that will continue in coming years for improving morale, careers, and the cultural environment.

Sources

1 Chanana, N., Sangetta. (2020, October 1). Employee Engagement Practices During COVID-19 Lockdown. NCBI US National Library of Medicine, National Institutes of Health. Retrieved from https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7536939/

2 Knight, R. (2018, April 25). How to Manage an Insecure Employee. Harvard University Review. Retrieved from https://hbr.org/2018/04/how-to-manage-an-insecure-employee

3 Osborne, S., Hammond, M. (2017). Effective Employee-Engagement in the Workplace. International Journal of Applied Management and Technology, Walden University. Retrieved from https://scholarworks.waldenu.edu/cgi/viewcontent.cgi?article=1239&context=ijamt

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Agile Talent Strategy: Why You Need It and How to Develop One

Estimated reading time: 6 minutes

(Editor’s Note: Today’s article is brought to you by our friends at SilkRoad Technology, a provider of strategic onboarding solutions to drive workforce readiness and organizational transformation. They were recently recognized as one of Chicago’s Best Places to Work. Congrats to them. Enjoy the article!)

 

Every day, more people are getting vaccinated and looking forward to their personal and professional re-entry. However, that doesn’t mean we’re all going to simply go back to the way things used to be. Too much has happened. This is an important issue that businesses should not ignore.

When the pandemic first started, organizations had to make quick decisions and not everything went according to plan. But I believe that employees, customers, and everyone else tried to be very tolerant and empathetic. That was then, this is now.

Organizations have been operating under this scenario for over a year. During this time, customers changed their expectations and spending habits. Employees changed the way they feel about work. Unfortunately, it’s possible that organizations didn’t adapt fast enough to the changes around them, according to a new report from SilkRoad Technology titled “Full-time Flexibility: Do employees feel supported working from home?”.

One of the biggest takeaways for me from the report was that 2 in 5 office workers plan to look for new job opportunities based on how their employer handled the pandemic. This aligns with other articles we’ve recently seen about the labor market. An article from the Society for Human Resource Management (SHRM) suggests that up to a quarter of workers plan to quit their jobs once the COVID-19 pandemic is behind us. Prudential’s Pulse of the American Worker Survey says that one in three employees don’t want to work for an employer that requires them to be onsite full-time.

So, what does all of this mean? I know that organizations are very focused on economic recovery right now. However, organizations need to start thinking about their talent strategy as part of that economic recovery.

Talent Strategy is a Key Component of Business Strategy

The good news is that talent and business performance have always been intertwined. And the solution for both is intertwined. We’ve been talking for a while about how business agility is important to business success. Organizations need to be able to quickly react to changing business conditions.

Well, the same holds true for talent. Organizations should adopt an agile talent strategy that allows them to react quickly to the changes in the labor market. Here are three components to consider in developing an agile talent strategy:

WHERE we work. Before the pandemic, working remotely was more of the exception than the rule. Then during the pandemic, remote work – specifically working from home – became the norm for many. Moving forward, organizations have the ability to create a best practice in terms of a hybrid model. The question becomes what does that hybrid model look like?

I wish there were some concrete answers to share regarding the right balance of remote and onsite work. Even the SilkRoad report notes that organizations haven’t reached consensus in this area just yet. But that doesn’t mean organizations shouldn’t consider a hybrid work environment. What it does mean is that it could take some trial and error to find the right balance for your organizational culture.

WHAT we work on. During the pandemic, 63% of employees took on new responsibilities, according to the SilkRoad report. Totally makes sense – everyone just did whatever it took to get things done. But given the statistic, it’s time for organizations to look at existing jobs. Make sure the right people are doing the right things and make any necessary adjustments to work responsibilities.

This has a cascading effect on other talent-related activities. HR departments will want to reevaluate whether to buy, build, borrow, or use bots when it’s time to hire. Ideally, they should be looking at all four strategies. Managers should be provided with the training and tools to effectively manage a remote workforce. The SilkRoad report noted that over half of workers wanted more support from their employer. Finally, onboarding programs should be adapted for a hybrid work environment. If organizations want employees to be successful, they have to spend time setting employees up for that success. We all know that starts on day one.

HOW we get things done. There’s a McKinsey study that reported the pandemic has accelerated the digital transformation by as much as seven years. While that can be an overwhelming statistic, it’s equally important to remember that all digital transformations are not equal in terms of results.

The SilkRoad report cites that the reason digital transformations efforts often fail isn’t because of the technology but rather because organizations didn’t make the investment in people, who are responsible for executing the transformation. If we think about these three components – where we work, what we work on, and how we get things done – it’s a good reminder that organizations will need to invest in learning, training, and development to ensure ongoing business success.

I totally understand that organizations are anxious to get to the next normal. Lilith Christiansen, chief strategy and product officer at SilkRoad Technology, reminds us it won’t happen overnight. “Our current environment and the change and disruption we’ll all continue to experience presents an opportunity for organizations to redesign their employee experience or talent strategy.”

The good news is that data – like the data found in this SilkRoad report – can help us identify where to focus our talent strategy. Christiansen reminds us that organizations need a successful talent strategy to have a successful business strategy. “We should continue to deliver intentionally designed experiences as well as a cadenced delivery of content, learning, and performance conversations. We also need to prioritize flexibility over rigidity in our approach to where work gets done. If we are to be successful in the future, we must increase our focus on communication, inclusivity, and alignment, and adopt more outcome-oriented performance strategies that drive engagement and contribution.”

Source:  https://www.humanresourcestoday.com/?open-article-id=16049562&article-title=agile-talent-strategy–why-you-need-it-and-how-to-develop-one&blog-domain=hrbartender.com&blog-title=hr-bartender

 

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TIPS FOR A COST EFFECTIVE LIFE ABROAD

If you’re looking to move abroad, but you don’t have the budget, don’t panic. Some countries do offer the possibility of enjoying an excellent quality of life along with a low cost of living. So here are some tips for living overseas for cheap from Jerry Nelson, a US expat blogger living in Argentina.

My housekeeper has her own chauffeur. Really. He brings her by the condo once a week and lingers in the automobile while she spends several hours tidying up the mayhem, which has taken me a week to create.

I’ve offered and encouraged her driver to come inside and join me on the mezzanine for matè (a traditional South American infusion), but he chooses to wait in the car.

Regardless of his reason for ‘social distancing’, when was the last time you heard, in America, of a maid having her own driver? My hunch is you never have.

Having a housekeeper who has her own chauffeur isn’t a sign of my being rich. It’s a gauge of life which is available once the twisted chains to America are separated.

The prices are decent. More than reasonable, really.

A gallon of milk? $1. A litre of soda? Eighty-cents. How about a breakfast of four empanadas, coffee and a medialuna (croissant)? $2.58.

A nice steak dinner is lomo — the Argentine version of ribeye — baked potato, salad and dessert—$ 7.75.

What about travel costs? A person can fly from Buenos Aires to Washington DC for less time and money than it takes someone to journey from Washington DC to Los Angeles to see their parents and crazy Uncle Henry.

Travel overseas enough, and you’ll see something in the Americans you meet. Most of the people I know in the states are handcuffed to repetitive tasks, uncertain relationships or uneducated about the world beyond the horizon.

The expats I’ve met have visited almost 150 nations and rarely show evidence of boredom, worry, or regret. Almost all seem to be the personification of what an Australian man told to be on a dirt road in the Outback. “Don’t spend time, enjoy it!”

Americans’ poverty line stands just a tad over $12,000 a year — for a single adult with no kids. $12K won’t get you far in Oakland, but it will get you a full year of awe in one of these three nations. In each of these $1,000 a month covers housing, food, and access to exploits which Americans can hardly imagine.

Bolivia
Everything is super-cheap in South America’s least-visited country. A room in a five-star hotel runs $5 a night, and they will let you take a (leashed) alpaca for a ramble at no cost.

Landlocked behind Peru and Chile, Bolivia is an even greater bargain than backpacking sanctuaries like Cambodia.

Bolivia has the largest Native American culture in South America, and they practically created the frugal experience such as Cholita. In Cholita wrestling, the Bolivian counterpart to America’s WWE, women battle it out for your entertainment. The cost to watch a match is about five-cents.

Bolivian natives never look to be in a rush. They manage to maintain links to their 3,000-year-old ancestors. In the past 185 years, they’ve had almost 200 heads of state. They’re not in a big hurry to put the past behind them.

Mountain biking on the treacherous road leading from Coroico to La Paz is a blur of microclimates which tosses mud in your face. Given the nickname, “death road,” the highway was dug into the side of a mountain in the 1930s and connects the Amazonian rainforest to La Paz.

Georgia
No. Not Atlanta. The former Soviet republic which gives ‘cheap’ a new meaning. Tbilisi, the capital, overflows with cafes and wine bars. A nice bottle goes for $5 and a hotel room for $8 at Fabrika, a former Soviet-era garment factory since converted into a dazzling hotel and community centre.

Most expats shell out $150 a month for a nice apartment. But don’t talk politics. It’s better to debate white versus red in the wine-crazed nation.

Grenada
This West Indies paradise has plenty of exotic beaches to nice places to relax. Welcome to the Caribbean. Going local means navigating retirement in style and luxury. Get into the national dish made with coconut milk oil residue and enjoy the one-pot stew of breadfruit, callaloo, okra, cabbage, fish, dumplings, turmeric — and anything else on hand.

A traffic circle near Grand Anse Beach bounds an outdoor marketplace named “Wall Street” with banks on opposite ends. The circle attracts locals busy buying open-air-grilled meat and fish for beverages sold directly from blue and red ice chests in pickup beds.

Late at night, cars blare music and parties. The distant calypso music fills the barbecued night air and therein lies your cue to follow the music of steel drums. To see it all and do everything, plan on spending about $20.

The takeaway
From Sean Connery to Daniel Craig, each James Bond has lived, worked and played in the world’s top-shelf vacation spots. Part of the reason is no one wants to believe that a world-class spy would work anywhere other than world-class regions. James Bond in Cheboygan doesn’t have the same flair.

But I believe that Bond couldn’t afford to live his lifestyle in America, so he goes overseas where life is cheaper and living well is less expensive.

source:Expat.com

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5 TIPS TO EFFECTIVELY MANAGE A REMOTE WORKFORCE


5 tips to effectively manage a remote workforce
People around the world are getting a crash course in managing a remote workforce due to the novel coronavirus and you can expect some growing pains ahead.

But like any crisis there are opportunities and new ways of doing things that will emerge. If anything the novel coronavirus may have simply accelerated trends in the workplace that were already happening.

Here are 5 tips to manage a remote workforce effectively

FLEXIBILITY IS YOUR NEW COMPETITIVE ADVANTAGE
A remote workforce buys you a lot of flexibility. The downside for remote workers is that the day may never seem to end if they don’t follow healthy work habits. The upside is your teams can scale up based on workflow not a schedule that’s dictated by commutes and operating hours. You can use this flexibility to win in the field vs. less nimble competitors.

COMMUNICATE WELL AND OFTEN
The knock on remote work is that you don’t get those chats over coffee and cohesive culture. To replicate that you need to make sure you’re visible on Slack, have an open door (messaging) strategy and make use of video conferencing. This communication theme is easier said than done but it needs to be emphasized. Open office hours via video conferencing may be worth a try so your remote team can get adjusted. Also keep in mind that you’re never going to be able to communicate enough so aim for continuous improvement.

USE VOICE, VIDEO AND THEN WRITTEN FOLLOW-UPS
Face-to-face meetings should usually have a written follow-up so there’s a record and less confusion. With a remote team, this best practice is even more important. You have to work harder to make sure people are on the same page.

USE ALL THE TOOLS AT YOUR DISPOSAL BUT REMEMBER QUALITY NOT QUANTITY
Most enterprises have a handful of video conferencing tools, team management platforms and chat apps. Pick the ones that work and go with them. YAT (yet another tool) is a curse for remote workforces. It is best to use the collaboration tools that folks are using already. Collaboration doesn’t have to be fancy.

THINK AHEAD – HOW THIS EXPERIENCE WILL CHANGE YOUR WORK PRACTICES IN THE FUTURE
After some growing pains, it’s likely that you’ll find your team happier and more productive. Pay attention and think through how the future of work for your team needs to evolve. Enterprises are likely to use this novel coronavirus crisis as a big A/B test for expenses ranging from sales and marketing to travel to commercial real estate holdings. The old way of doing things may not make sense in the future.

Source:expat.com