Fortune Business Consulting

Tag: workplace

  • Remote Work Evolution

    Remote Work Evolution

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    Have you ever wondered about the prevailing sentiments among employers and employees regarding remote work?

    Well, the COVID-19 pandemic popularised the idea of ‘work from home’ or ‘remote work’, prompting many organisations to shift to a hybrid work model or remote workforce and are now seeing their advantages in the long run. According to a survey, in 2021, almost three times more individuals were working remotely than in 2019.

    Besides timesaving benefits, remote work has proven to elevate overall productivity within companies. Keep reading to learn about remote work, its significance, and how it has evolved down the line. 

    How the Evolution of Remote Work Has Influenced the Workplace Environment?

    Remote work has gained pervasive acceptance with shifting attitudes towards work-life balance and technological progressions. Numerous companies are adopting flexible work arrangements, enabling employees to perform their duties successfully from any location online. This change in the mindset of workplace ambience is evident in different industries, which include education, technology, finance, healthcare, and so on. 

    With more and more organisations providing remote work facilities for their employees, the traditional 9 to 5 office work model is gradually being reduced. The evolution of remote work has shown that productivity can be obtained anytime and anywhere apart from the conventional office atmosphere. Furthermore, with the popularisation of remote work, local economies experience shifts owing to the changes in the spending patterns and distribution of population. 

    What are the Advantages of Remote Work?

    Since the coronavirus pandemic, remote work has become immensely popular among organisations. Mentioned below are the common advantages of remote work:

    Streamlined Communication

    In an office atmosphere, client conversations and communication mostly takes place in person, informal conversations, on-floor meetings and so on.

    Often it becomes difficult to keep track of all meetings about important projects or assignments. However, in case of remote work, companies can select from a wide range of communication platforms in order to keep all conversations under one roof. This ensures better collaboration among employers and employees.

    Change in Productivity

    Compared to work from office, employees who work remotely tend to generate better output. Since the commuting time is reduced to zero, your employees can start your day right away. Moreover, they get the scope to take small breaks whenever needed reducing the chance of stress and burnout.

    This makes them feel refreshed and motivated while returning to work. Employers may witness increased productivity in their organisation while switching to remote work and providing employees with a better space to concentrate on their work.

    Better Corporate Social Responsibility

    There has been a rising focus on corporate social responsibility. Allowing work from home to employees is an outstanding way for companies to lessen their environmental impact such as carbon emissions associated with their business travel, unnecessary consumption of resources, radiation of pollutants, etc., contributing to climate change.

    Reduced Overhead Costs

    Establishing a remote company tends to be worthwhile for employers due to the lower costs associated with it. While running a non-remote organisation, employers can stay away from the headaches of expending money for paying building rent, office tools, utilities, snacks, and beverage supplies. 

    Vast Pool of Employees

    During vacancies, remote companies can recruit a wide range of new employees. As their target does not remain confined within a particular location, they can access the global pool of employees. This gives a better possibility of locating the finest possible people for the job, thus enhancing the quality of the workforce.

    Since the COVID-19 pandemic, remote work has evolved a lot which resulted in numerous people working from home. By switching to remote work, companies can provide their employees flexibility, improved work-life balance, and more time to take care of themselves and their families.

    If you run an organisation but facing difficulties to introduce the ‘work from home’ mode, feel free to contact us. We provide outstanding workplace-related help at an affordable so that businesses of any size can avail it. For further information, visit our official website and read our blogs.

    Reference Links:

    https://www.indeed.com/career-advice/career-development/benefits-of-working-remotely

    https://www.flexjobs.com/blog/post/benefits-of-remote-work/

    https://www.toptal.com/insights/rise-of-remote/history-of-remote-work

    https://www.indeed.com/career-advice/career-development/benefits-of-work-from-home-for-employers

    https://careerfoundry.com/en/blog/career-change/benefits-of-remote-work/

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    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

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  • Workplace Diversity and Inclusion Initiatives

    Workplace Diversity and Inclusion Initiatives

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    Are you wondering what the workplace DEI initiatives are? Then your answer lies here. Workplace diversity involves a mix of individuals from different backgrounds, while inclusion creates a collaborative and comfortable culture.

    Despite significant investments in equity, inclusion, and diversity (DEI), organizations often fall short of desired outcomes.

    However, these efforts haven’t always yielded the expected outcomes. Let’s delve into strategies for enhancing workplace diversity and inclusion in this blog.

    What is a Diversity and Inclusion Initiative?

    Diversity and inclusion initiatives are the effective strategies and procedures used by companies in order to support diversity and inclusion in a workplace to gain a competitive benefit.

    However, these initiatives differ from one organisation to another based on the necessities as well as areas for development.

    For instance, a company focusing on diversity as a core principle will be going to have a different need than a traditional sector possessing a standardised workforce.

    What are the Top Initiatives to Boost Diversity and Inclusion in a Workplace?

    By executing some of the following diversity and inclusion initiatives, you can create a competitive control in talent retention and acquisition:

    Awareness and Acknowledgement

    The foremost step is to conduct a thorough survey of your organisation’s inventory and determine the lack of inclusion and diversity in it. To improve things, you should address the problem in the first place and then identify the need for betterment.

    If necessary, you can connect with your employees about equity, diversity, and inclusion for better understanding and to formulate a plan to fulfil their individual needs.

    Accepting All Differences

    Determine and value the skillsets of all employees irrespective of their differences. A simple way to show your employees that you appreciate them and their work is by engaging in a small discussion and listening to their input.

    Choose a supportive supervisor to address employees’ problems and provide the necessary assistance. 

    Changing Your Language

    Set a meeting and make it clear to your employees that your organisation gives value to diversity and aims to create a diverse and efficient workforce as well as an all-encompassing workplace.

    Talk about your diversity and inclusion goals ubiquitously, including employment contracts, hiring process, employee manuals, as well as onboarding materials and other company-based documents.

    Hiring Through Referrals

    In essence, referrals are an excellent way to draw a diverse range of candidates. If you manage a diverse workforce, encourage your existing employees to refer their relatives or friends. At the same time, it is an excellent opportunity for them to guide their friends with their career moves.

    If necessary, articulate your goals to hire more diverse members to join your organisation. Research shows that referrals are a great source of hires. 

    Developing Diversity and Inclusion Training Courses

    Creating a diverse and inclusive environment generates a sense of belonging among the workforce so that they can feel more productive and connected.

    Diversity training program tends to enhance participants’ awareness about various types of diversity and provide effective strategies and skills to boost employees’ communication and interpersonal skills to build a positive work ambience. 

    Opting for Flexible Working Arrangements

    Another notable initiative of workplace diversity and inclusion is flexible working stature.

    Creating a flexible leave policy with weekend holidays helps employees have some time for themselves which they can cherish after working hard for a whole week. Several employers set few paid holiday hours rather than sticking to pre-determined holidays. 

    Forming an Employee-led D&I Group

    Consider creating an employee-led resource team concentrated on bettering diversity and inclusion policies in the workplace.

    Doing so ensures the foundation of a welcoming and encouraging work environment which will also promote employee engagement and collaboration.

    Emphasising Positive Environment 

    Fear of punishment is one of the most powerful factors which negatively hampers the performance of employees.

    As a solution, it is better to levy strict penalties on unsupportive employees and leaders who repetitively bully or harass their juniors and pass unpleasant remarks towards a particular religion, gender, caste, or colour.

    Being the top member, you must take action against such offenders and consider terminating them if the matter goes out of hand. 

    Final Words

    Workplace diversity involves fostering diversity throughout the organization and ensuring equity in opportunity, leadership development, and more. Proper collaboration of diversity and inclusion creates a positive work environment and enhances employee experience. 

    If you want professional assistance in implementing diversity and inclusion initiatives, contact us. Besides, you can read our blogs for better understanding. 

     

    Reference Links:

    https://www.hrdive.com/spons/10-initiatives-to-improve-diversity-in-the-workplace/629941/#:~:text=Make%20it%20clear%20to%20employees,materials%20and%20other%20company%20documents.

    https://www.talentlyft.com/en/blog/article/395/10-workplace-diversity-and-inclusion-ideas-you-can-implement-today

    https://hbr.org/2021/05/5-strategies-to-infuse-di-into-your-organization

    https://www.techtarget.com/searchhrsoftware/feature/7-keys-to-a-successful-diversity-and-inclusion-initiative

    https://www.cio.com/article/228581/diversity-and-inclusion-8-best-practices-for-changing-your-culture.html

    https://globaldiversitypractice.com/what-is-diversity-inclusion/

    https://www.betterup.com/blog/diversity-vs-inclusion

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    Contact Us

    Find out if a PEO is the right solution for your business.
    Fill out the form below and we will contact you to schedule a chat.

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  • How to Determine Which Holidays Should be PTO?

    How to Determine Which Holidays Should be PTO?

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    Are you mixing floating leaves with PTO and offering your employees a long list of paid holidays? PTO or paid time off are such leaves that do not involve any loss of pay for the employees. It includes sick, marriage, casual, and other leaves a company offers employees throughout the year. 

    However, floating holidays may differ from one company to the other. At some organizations, employees can choose from the list of government, religious and cultural holidays; at others, these are optional holidays. Read further to know more about determining PTO for your company policy.

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    6 Factors that Determine PTO Policy for Your Company

    Here are some of the factors that help determine the PTO of your organization:

    Cultural and Religious Observances

    The cultural and religious diversity of your organization needs special consideration while determining PTO holidays. You need to respect and recognize the religious observances of various employees to foster and accommodate an inclusive work environment. So, before deciding on PTO, research the major religious festivals that your employees celebrate and ensure providing them with the opportunity to celebrate them seamlessly.

    Employee Feedback and Surveys

    You can gather feedback and run surveys to seek input from employees before deciding on the PTOs. Involving your employees in this decision-making process provides you with better insights into the significance of the holidays for them. Moreover, your employees feel heard and valued when you include and engage them in deciding the PTO. 

    Business Considerations

    Besides personal and cultural considerations, you should also balance the holidays as per your business’ operational needs. While allocating PTO, you should evaluate its impact on work schedules, customer service, deadlines, etc. So, you should plan to ensure adequate staff are working to meet your business requirements and maintain productivity during holidays. To manage the PTO effectively, you need to create the perfect balance between business goals and employee needs.

    National and Public Holidays

    Governments and institutions frequently recognize public holidays as important days for the entire population. Most citizens celebrate these holidays, and employees get opportunities to relax. Christmas, New Year’s Day, Independence Day, etc., are among some of them. So, you can include these public holidays in PTO so employees can participate in national celebrations and traditions. 

    Current Events

    You don’t have to follow a rigid PTO policy over the holidays. It can be adaptable and dynamic to consider the present social environment. For instance, in response to the Black Lives Matter campaign, Zenefits declared Juneteenth a permanent PTO starting in 2020. The number of companies including this day in their PTO holiday list has increased by 11% in 2022 from the first year (2021).

    Local and Regional Observances

    In addition to national holidays, it is essential to acknowledge local or regional observances that might be significant to your employees. These can include regional festivals, historical commemorations, or specific cultural celebrations. Being aware of and granting PTO for such occasions demonstrates your commitment to recognizing the diverse backgrounds and traditions of your workforce.

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    Final Word

    So now you know how to determine which holidays should be included in your company’s PTO policy. PTO allocations should be guided by inclusivity, fairness, and the well-being of your employees, ultimately contributing to their satisfaction and productivity. However, you can contact us if you need further assistance in this regard. You can also go through our blog section to clearly understand PTO and related concerns.

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    Reference Links:

    https://www.businessnewsdaily.com/15834-which-holidays-deserve-paid-time-off.html

    https://www.hrresolutions.com/blog/holidays-pto-an-employers-guide/

    https://www.freshworks.com/hrms/floating-holiday-vs-pto-heres-everything-you-need-to-know-blog/

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    Contact Us

    Find out if a PEO is the right solution for your business.
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  • Know More About Workplace Flexibility and Its Importance!

    Know More About Workplace Flexibility and Its Importance!

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    Having a motivation strategy and all is good, but no employee likes to work in an organization that only cares about deliveries and not the needs of their workers. Thus, management needs to make an effort to improve their employees’ experience, and one of the perfect ways to do that is by introducing workplace flexibility. 

    The main reason behind this is employee flexibility directly depends on employee satisfaction. Want to know more? Then read further!

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    What Is Workplace Flexibility?

    Workplace flexibility means giving the employee a chance to work in a way that suits their personality and lifestyle. This means quitting the traditional 9 to 5 culture and bringing modern, flexible culture. 

    An organization must acknowledge that not all employees work their best at a specific time frame. While some concentrate better early, some need time to make themselves comfortable. The only important thing is that management gets their work on time. So, to incorporate such an environment, managers can make flexible arrangements in areas of –

    • Work shift
    • Remote working option
    • Family and medical leaves
    • Flexible arrival and departure time
    • Shared employment option
    • Part-time employment option
    • Sabbaticals
    • Caregiving leave
    • Unlimited paid time off

    What Is the Importance of Workplace Flexibility, and How Does it Help?

    If an organization implements workplace flexibility right, it benefits the company by improving its performance and bringing employee positivity. Find out more about its importance below:

    Reduces Burnout and Stress

    The traditional corporate system often makes the working environment stressful in which everything is pre-decided for the employees when to arrive, when to submit a file, etc. But with improving flexibility, it is seen that employees maintain better mental health. They can curb their deliveries according to their schedule and perform even better.

    Better Employee Attendance

    Another point that makes it important to make a workplace flexible is to increase the attendance of employees. Not only this, but it also reduces tardiness in the workplace. As a result, organization benefits by increasing their productivity scale.

    Increase in Employee Satisfaction and Morale

    When employees feel their needs matter to their organization, they feel more dedicated to work and accomplish their tasks. It increases their morale and even boosts employee engagement. Thus, the company benefits from the increased commitment of its workers.

    Create a Good Public Image

    Bringing flexibility to workplace organization also creates a good image of itself in public. In other words, employers create a friendly image in front of their workers by giving employees the window to choose how, when, and where to work. This makes the company an ideal place to work, thus attracting more talents and improving productivity.

    Improved Employee Retention

    Flexibility in a workplace and an adaptable approach foster a great sense of loyalty among employees. The reason behind this is employees can maintain their work-life balance and thus stay around for a longer period. 

    Generally speaking, the main reason for the switch of talented employees is they are either looking for a better opportunity or desire flexible working hours. So, if companies solve one of their problems, they can increase their employee retention rate. 

    It requires a lot of skill and experience to keep employees happy and help them provide their best at work. This is why many organizations need experts who will look after the management, employee policies, HR system, leave, payroll, and other sectors. If you are one such company looking for professional assistance, reach out to us. We have a simple and result-oriented system of boosting productivity and retaining employees. Get more information about management and the workplace by scrolling through our blog section. There are several things to learn. 

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    Reference Links:

    https://topworkplaces.com/workplace-flexibility/

    https://www.ringcentral.com/us/en/blog/what-is-workplace-flexibility-and-why-is-it-important-for-employees/#:~:text=Flexibility%20offers%20several%20advantages%20for,workers%20actually%20save%20companies%20money.

    https://www.feedough.com/work-flexibility-important/

    https://opensourcedworkplace.com/news/what-is-workplace-flexibility-advantages-for-employer-and-employees

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