The coronavirus pandemic brought along several changes in personal and professional lifestyles. Individuals and companies had to adjust to quarantine and isolation measures to contain the virus. The transition from working from offices to remote work or telecommuting is probably one of the significant changes. Pre-COVID, most companies resisted such work models, assuming it will harm company culture and affect productivity.
A survey published by Reuters in 2009 stated that four out of five employees working in the U.S. were dissatisfied with their performance evaluations. Polled workers say they dread them, and many employers feel the same.
The pandemic has dramatically changed many aspects of our lives this year; the ways we now work, travel, shop, and engage with others can seem unrecognizable compared to just a few months ago.
Business resilience determines its success in the ever-increasing volatility of the business environment. Currently, the world is faced with the COVID-19 pandemic that has left 230,104 people dead.
Robots have come a long way since they were introduced in literature over a century ago. Now they participate in real life HR departments to help with recruiting. Here are some of the many ways artificial intelligence is revolutionizing the hiring process.
Well-managed business finances provide an easy snapshot for potential investors, partners, and donors while also providing a mirror from which to glean what is working and what is not and where to prioritize resource allocation. Both of these aspects are important to any business but especially to entrepreneurs on the iterative path of innovation and experimentation, growth-seeking, and future planning.
You are looking for a pet care service for your dog for your upcoming business travel. A flyer shows up in your mailbox announcing that “the best pet sitting service in town” is just three and a half miles away. As the adorable puppy photo and promising headline catches your eye, you stand at the end of your driveway scanning the price lists and amenities. Then your neighbor passes by and can’t help but notice the bright flyer you are holding and say, “Do not go to that place. I brought our Prima there last year and it was filthy, and they gave her the wrong food the whole time.” You would probably put that flyer into your trashcan.
“Setting a goal is not the main thing. It is deciding how you will go about achieving it and staying with that plan.” – Tom Landry
Many of today’s successful businesses choose to house their employees in executive suites, because they have seen how the right space can unlock their company’s potential. Likewise, keeping your employees engaged in their work is the key to retaining them for the long term.
It is not coincidental that stock prices tend to rise more rapidly in “Fortune’s 100 best companies to work for” compared to other companies on average. Happy, engaged, balanced employees bring more energy, effort, and creativity to work and benefit your bottom line. There are endless articles and strategies about work-life balance but employers need to also remember that work and life can overlap and happiness in one effects happiness (and performance) in the other.