Why You Need a Remote Work Strategy

Why You Need a Remote Work Strategy

In the Best Money Moves Roundup, we run down the latest news on flexible workspaces, student loan assistance, and calibration committees.

Flexible workspaces used to be the stuff of startups, but companies all over the world are now adopting more flexible approaches to where people work to meet the changing needs of the workforce. And in return they’re benefiting from higher productivity, retention, and even profits, according to a recent study from IWG.

Most employees work remotely at least once a week and more than half work at a location outside the office for half the week or more. Over 90 percent of companies offering flexible workspaces are confident that their remote workers are productive while on the move and almost 60 percent agree that it improves job satisfaction.

It’s time to develop a remote work strategy that offers your employees the flexibility to get work done without having to be in the office every day.  

What we’re reading: 

Hulu makes bold benefits move. The streaming TV company is going to match employee student loan repayments up to $1,200 a year. Find out how it can increase productivity and retention.  

Benefits outsourcing done right. When it’s done right benefits outsourcing can reduce costs and free up time for your HR and benefits teams. Here are 5 steps to success.

Build trust with employees. Research shows responding constructively to employees issues builds loyalty, but it’s not always easy. Ask the right questions.

Hold on to key software and IT Talent. Highly skilled employees, like developers, often leave a company in 2 years or less. Use these 4 tips to retain tech talent.

What are calibration committees? Calibration committees help with evaluations by limiting manager’s bias through macro-level performance review. Learn more about the process.

Not sure how to improve company culture? Take a look at how other companies got it right. What have these 10 companies done to develop great company cultures?

Handle employee termination gracefully. Termination is an uncomfortable situation all around, but it can be unavoidable. Check out these 11 termination tips.

Have something to add? Email info@bestmoneymoves.com.

 

Help Your Employees Get More Sleep!

Help Your Employees Get More Sleep!

A toxic workplace creates insomniacs.

A recent study from the American Psychological Association found that workplace incivility  – like verbal abuse – increases insomnia in employees.

Since 98% of U.S. employees have experienced some form of hostile behavior in the workplace, it’s a serious problem. Lack of sleep is also linked to health issues like cardiovascular disease, increased blood pressure and fatigue. To address unnecessary drama at work employers should tackle it on both a company level and an individual level. Processes should be in place that foster a positive work environment and that address workplace hostility directly when it happens. At the individual level, training that improves emotional resilience and mindfulness will help employees recharge and learn how to communicate more effectively.

Employees that are fully rested are healthier, less likely to make mistakes and more productive overall.

IRS Enforces Employer ACA Mandate. The individual Affordable Care Act mandate is dead, but the employer mandate is still active and thousands of businesses are receiving penalties. Will your company be affected?

Commercial Insurance Rates on the Rise. With the exception of workers compensation most commercial insurance lines saw an increase in premiums.  See the full stats here.

Success Strategies for a Remote Workforce. Since 2005 remote work has grown 115%, but employers are still struggling to find strategies that make it effective. Here are some solutions.

More Company Benefits Over Raises. Research shows some employees would rather have more work-life balances than a raise. See more survey results here.

Shake Up Your Interview Process. Interviews are awkward for everyone involved. The traditional method might be masking potential employee’s true strengths. Here’s why.

Financial Stress is Still Increasing for Americans. The American Psychiatric Association released the results of their annual poll showing a 5 point spike in national anxiety. More poll results here.

Upskill Your Employees. As technology continually develops forcing changes in job functions companies should consider helping employees gain skills versus onboarding new employees. Find out why.

Does Your Company Offer Mental Health First Aid? In addition to expanding on employee wellness programs some companies are also taking the initiative to give employees skills to help others in a mental health crisis. See if it’s something you should consider.

Have something to add? Email info@bestmoneymoves.com.