The 5 Things You Need To Provide For A Happy Workforce

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StrategyDriven Managing Your People Article |Happy workforce|The 5 Things You Need To Provide For A Happy WorkforceToday’s workforce is very different from the ones of the past. To attract and retain employees today, providing an environment that meets their needs and expectations is essential. This requires a new way of recruiting, onboarding, and retaining top talent.

Changing your way of thinking about employee retention isn’t easy. And it can be challenging for most company leaders to make this leap of faith. If you are sick of losing good employees, read on to learn why happy employees leave and what you can do about it right now.

The Problem With Employee Retention

Undoubtedly, employee retention is a massive problem for most companies. According to the Society for Human Resource Management, the average employee leaves their job after less than two years. Although there are many reasons employees leave, the Workforce Institute research indicates that most people leave their jobs because they don’t feel appreciated or are treated poorly.

Almost two-thirds of workers said they felt more appreciated at their last job than at their current one. That’s a lot of unhappy employees who might look for a new job soon. When your employees leave, it costs you money. And it takes time and money to recruit new talent, onboard them, and get them up to speed.

What Are The Benefits Of A Happy Workforce?

A happy and engaged workforce can do so much for your company. Employees who feel valued and appreciated are more likely to stay with their company. Looking after your staff means you enjoy improved efficiency, among other things. They’re more likely to put in more hours, work harder, and be more innovative than employees who don’t feel valued. A happy workforce is contagious; employees want to share that feeling with others when they feel valued.


1. Offer Remote Work And Flexible Work Hours

If you have employees who travel frequently, or if your business is in a field that requires employees to work remotely, this is an easy win for your company. Offering remote work or flexible hours shows your employees that you understand that their lives are not all contained in their work hours. In addition, when you offer these benefits, you show your employees that you care about them as people, not just as workers.

2. A Little Bit Of Recognition Goes A Long Way

It’s important to remember that your employees are human beings. They crave recognition for the work they put in and the challenges they overcome. The problem is that most companies don’t offer much in the way of credit. When you offer your employees more recognition, it shows them that you care. It shows that you are aware of their contributions and that you appreciate them.

3. A Workplace Where Employees Feel Valued

To feel valued by your company, employees need to see that you appreciate them. You must treat your employees with respect, pay them fairly, and offer benefits that increase their quality of life. Employees feel motivated to do their best when they feel valued at work. As a result, they feel like they belong in the office and want to stay with the company.

4. Culture Is Key

It’s no secret that the most successful businesses have strong cultures. When you focus on creating a positive and engaging workplace culture, you make your employees feel like they belong. You let them know that they are appreciated and needed. A strong culture also means that you have a set of values that are clear to every employee. This helps make decisions and solve problems easier, as well as build trust among your employees.

5. Pay For Professional Development

Most employees want to grow and learn new things. They want to expand their skill sets, try new things, and challenge themselves. They want to look back after a year or two and know they have accomplished something meaningful. When you offer the opportunity for employees to attend conferences, take online courses, or attend training seminars, you show them that you care about their professional development. You can take this one step further and help workers from other walks of life work for you. Applying for LMIA can help you find workers to fill an imminent need in your company.

The Bottom Line

A happy workforce is one where the employees feel valued, are challenged, and are part of a strong culture. When you take the time to invest in your employees and create an environment where they can thrive, you are less likely to lose them to opportunities elsewhere. Replacing your old ways of thinking about retention with new ones makes keeping your best employees much easier. Remember, it’s not enough to hire good employees; you also need to keep them engaged and motivated, so they want to stay with your company for the long haul.

Make Working From Home Work For Your Business

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StrategyDriven Managing Your People Article |Working from home|Make Working From Home Work For Your BusinessFor all the horror and sadness Covid-19 has inflicted on the world, history tells us that seismic global events often lead to unexpected changes in the way life and business are conducted.

World War II permanently altered our outlook on virtually every aspect of life and Covid has certainly given every business owner and employee a new perspective on effective working practices.

The Motivation for Working from Home

In the pre-Covid world, there was a relatively small and select band of people who worked from home. Plenty would check emails, organize shift patterns, and create a quick weekly schedule from the comfort of a couch, but the office was still king when it came to working.

Covid made working from home the norm and the enforced physical separation from colleagues has shown business owners that this model can be incredibly effective.

Time and money are saved on an unnecessary commute, the online nature of modern work means that fear of an employee neglecting their duties has virtually disappeared. Zoom calls, Teams calls, Google chats – it all works just as well as a meeting room.

The Right Tools for the Right Working Environment

There are, of course, pitfalls when it comes to working from home. Some of them are quite amusing, while some are not.

The sight of a stray kid wandering through the background of a high-level Zoom call, the illuminating décor of a colleague’s house that you never imagined, or a dog strewn across the couch have all produced a welcome chortle to the new business call.

Where things become less amusing is that famed glitch in the matrix that comes from a dodgy internet connection. Thankfully, the online world has switched on to new working practices. A reliable connection is the right of every working American and organizations like the internet service provider in Vistancia are guaranteeing a new sense of reassurance that encourages the work-from-home culture.


Say Goodbye to the Nine-to-Five

Covid has also demonstrated to business owners, and more importantly, to employees that the old practice of a nine-to-five in the office does not work.

If a worker feels at their best at 4 am, working from home allows that person to produce their optimum level. People are all wired differently, so some find their best form late at night, while others find it in the early morning.

Business owners are learning to embrace this new phenomenon and it is producing results. Make your business work around the staff and everyone will benefit.

The Final Word

Business changes all the time, new ideas are introduced, and old ones are discarded.

The key for a business owner is to show flexibility that allows the employee to be at their best. If the job is done well, who cares about the when, where, and why? Motivated employees will do a great job in every environment. All they want is a profession that allows them to flourish.
Business is about results and working from home has been proven to give great results. Just mind the dog.

Making Your Business More Professional in 5 Easy Steps

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StrategyDriven Managing Your Business Article |Make your business more professional|Making Your Business More Professional in 5 Easy StepsMaking your business more professional helps you attain new customers. Without customers, there is no business. So here are some tips for managing your image and staying on top of it.

Keep the Office Clean and Tidy

Appearance is pretty everything. You need to provide a solid and reliable service, of course. But people will judge you on how your company presents itself. And one of the main things that sets a successful business apart from a poor one is pride in the office. So the first step is to hire professional cleaning services to keep your offices immaculate. Especially if your business depends on client visits. But there’s also a health and safety aspect when it comes to treating your employees with respect. They shouldn’t have to work in filthy or dangerous conditions.

Establish Web Presence

You probably already have a website. But a website is essentially a digital business card if it isn’t used right. Sure, you can provide specific details of your service. But you need to make a website work for you. The first step is to register with Google My Business. This provides local SEO to search engines, and you will show up in Google Maps. Next, you can use more SEO to get internet traffic by attaching a blog and optimizing your site. Finally, it’s crucial that you register a domain using your business name, buy a business email and redesign a poor site.

Look More Professional with Branding

Branding is crucial for any business and is far more than simple advertising. Branding is a way to connect with customers through corporate identity and instant recognition. With solid branding, you can become synonymous with a specific product. The same way you think of Jacuzzi when talking about hot tubs or Hoover with vacuum cleaners. You can set aside money for branding as part of your 5 to 10% marketing rule. But don’t be stingy with the funding. A reputable digital marketing company will need a good amount of cash for a solid campaign.


Invest in Customer and Client Care

You have no business without customers. Yet you might lack good customer service. This is a shame because this is one of the first things a customer notices. And they will simply not do business with you. If you find you can’t keep customers, then review your customer service policy. You can begin by making your website easy to use, providing at least an email address and phone number, and always responding to queries. Additionally, you can advance features to a website such as outsourced telephone answering and AI or manned Live Chat software.

Take Care of Yourself

Finally, but no less critical, you need to look after your health, hygiene, and wellbeing. As the owner, you might be the face of your company. Therefore, you are recognizable. So people will engage with you. However, while customers will engage, no one will want continued business with someone who can’t be bothered to shave or fix their hair, shower or bathe, or even look them in the eye. Any of these can be affected by mental health issues like stress and anxiety. So you must address issues like these first before becoming a recognizable or public figure.

Summary

It’s essential that you make your business more professional these days. You can easily keep the office clean and tidy, hire a marketing agency for branding and look after your wellbeing.

Some Of The Best Insurance Tips To Help Manage Construction Risk

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StrategyDriven Risk Management Article |Insurance tips|Some Of The Best Insurance Tips To Help Manage Construction RiskConstruction always has risk attached to it. This is true with any kind of construction. Because of this, the risks need to be effectively managed. The most common and perhaps best way is by getting Advantage Insurance. Here are some of the best tips to help with this.

Tips:

1. Contract

The construction contract is the number one thing that needs to be ironclad for better risk management. Everything in the contract needs to detail the plan. The contract and its related documents should have the risk allocation plan in them. This includes any insured provisions, exculpation, and indemnity clauses.

2. Builder’s Risk Insurance

This insurance is very important. This type of insurance can be purchased with a much more broad policy that doesn’t have to be overly expensive. With this insurance in place, you can protect yourself from any potential damage that incurs on the site or any lost profits from various problems that could crop up.

3. Don’t Buy Insurance Coverage Unless Necessary

You will want to ensure that you are hiring an experienced and knowledgeable broker. Find someone that has direct experience working with these types of projects. You want someone that has direct knowledge of the work that’s to be done. Someone with experience will know the right questions to ask and they will know how to minimize risk. You will find that some insurance isn’t necessary for specific projects. You want to figure out what insurance is needed and why it’s needed for each project you do. Try not to assume anything on your own. If you don’t know, then you don’t know. You don’t want to purchase insurance if it’s not going to help. You want to save your money for when insurance can help.

4. Read The Policy

Don’t make the mistake of not looking over the policy. You want to read the policy right when you get it. Reading the policy and going over it will help you figure out what it covers and what it doesn’t. There is no substitute for reading it. You need to do the legwork to ensure that you know what you are getting into. You cannot rely on the certificate. You need to read the policy yourself and try to comprehend what it entails. Anyone that is a policyholder needs to know what they are signing up for. You want to read it as soon as possible and reject it if the terms aren’t to your liking. You want to ensure that the policy matches what you were told.

5. Mind Your Prepositions

There was at least one court that ended up ruling that a blanket additional insured endorsement did not necessarily extend the coverage to someone who was a prime contractor of the project. This is true even though the holder of the policy agreed to extend the coverage within the contract itself. They even issued a certificate of insurance showcasing that there was mutually agreed insurance in place. The court ruled that the prime contractor is a legal entity to whom the holder agreed to extend coverage, but it didn’t meet the legal “with whom” requirement that was set forth within the policy.


6. Be Crystal Clear About Who Qualifies As “Another Party”

The majority of CGL insurance policies don’t offer coverage for contract-based claims. The exception is where the claim comes out of an “insured contract” agreement. This is an agreement where the holder of the policy assumed the liability of “another party” to pay for any resulting property damage or personal injury to someone deemed a third party. Some courts have narrowed the view of what qualifies as “another party.” This is typically used as an exception in a contract and it’s usually limited to the holder’s contractual counter-party. This ends up excluding the insurance coverage for a GC’s liability to the owner coming from any third-party negligence. This is true even though the GC assumed the liability in the original contract. This is a situation that should be handled through an endorsement amending the contractual definition of “insured contract.”

7. Understand The Restrictions In Endorsements

The coverage can be restricted in numerous ways when it comes to additional insured endorsements. One of the newer changes is the limiting of how much coverage was available to those who are additional insured. There are limits in place and anyone deemed additional insured could access more significant policy limits by clearly specifying within the contract that the greater number would apply when comparing the minimum specified and the actual limits.

8. Keep An Eye On Waivers Of Subrogation

This is something that can end up relinquishing the right to recover from various losses that would normally be covered under the insurance policy. This is sometimes an action that takes place between a couple or more parties that are involved in a construction project. It’s important to be wary of these because some of the policies out there will end up penalizing the holder of the policy for waiving subrogation. You want to ensure that everyone involved is doing it properly.

9. Excess Of Wrap-Up Endorsement

This is something that can bring a lot of benefits to everyone involved. It can help with the risk management of a construction project. Contractor-controlled insurance programs or “wrap-ups” can help to minimize finger-pointing, help with cost savings, and more. However, you do need to understand the limits of wrap-ups and that they are equally shared among those involved. Thus, they may not necessarily be the best option to protect the interests of everyone involved with the construction project. A lot of the newer corporate insurance programs have some wrap-up exclusions attached. Therefore, you’ll want to speak with your hired broker to endorse your insurance program to apply excess wrap-ups if you do participate.

10. Ensure Your Risk Management Matches The Scope Of The Project

You need to ensure that your risk management is scaled properly with the project itself. Keep in mind, that the “guaranteed maximum price” is not going to be any more guaranteed than something deemed an “all-in lump sum.” The price that ends up getting paid out is always subject to expansion. It can also be subject to a reduction in some cases. You need to look at the work needed and ensure that all of the risks are mitigated. When deemed appropriate, try to transfer the risk to the insurance. You want to attempt to get “claw-back” provisions in place if the total cost of the future work insured isn’t yet known.

How You Can Supercharge Your Marketing Efforts

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StrategyDriven Marketing and Sales Article |Supercharge your marketing|How You Can Supercharge Your Marketing EffortsWhen it comes to your company’s overall performance, stepping up your marketing can make all the difference. It is not always the easiest thing to do, and it frequently calls for a good deal of change in order to get everything sorted out completely, but in the end it will be well worth it. The only thing that matters is how the results turn out. There are a number of things that you can do to improve your marketing, so keep reading for more information.

Be Open-Minded and Able

The first thing you should consider is trying something new. If your current marketing strategy isn’t working, you’ll need to reevaluate what you’ve already tried. As long as you haven’t tried anything new, or even thought about doing something new, now is the time to do it. It is impossible for things to get any worse, but there is always room for improvement.

Gather your marketing staff together, and listen to what they have to say about everything that has been going on. Introduce some novel concepts into the discussion, and then observe how things develop from there. Ensure that you are also using your own items, and you can now begin again. It is not going to be a simple process, but in the end, it will be well worth the effort.


Hire a Professional

Our next piece of advice is to enlist the assistance of a professional. It’s possible that your marketing team isn’t putting in the initiative they need to, and as a result, they’re not performing at a level that’s adequate to keep the company afloat. Bring in some outside help at the current stage of the project. For instance, you could hire a creative/marketing department that can assist you in attracting the kind of online traffic that you require. In order to bring in new clients and generate high-quality leads for your company website, this is a necessity.

Focus Can Help You Reach New Heights

As a final point of discussion, we would like to bring up the fact that you can broaden your scope by concentrating your efforts. This entails directing your marketing efforts toward certain demographic groups and speaking directly to them. Utilising the promotional strategies that you are aware will drum up the most interest from them and in which they will be the most active participant. For instance, certain demographics will interact with television advertisements a great deal more frequently than they will with social media; if this describes your newly targeted demographic, then you need to get on top of this matter as soon as humanly possible.

We hope that this article has been helpful to you, and that you now understand some of the ways in which you can improve your marketing. The outcome of your marketing, as well as the success of your company as a whole, will be drastically affected as a direct result of this. We hope that you will have success in this venture and that you will be able to raise the bar for your marketing efforts to a higher level.