How to Build a Strong Remote Work Culture in 2021

How to Build a Strong Remote Work Culture in 2021

How to build a strong remote work culture in 2021. Remote doesn’t have to mean disconnected. Build a strong remote work culture during the pandemic. 

Two thirds  of executives feel that a physical office space is key to employee productivity, and about the same number feel employees should visit the  office a minimum of three days per week in order to maintain a distinct company culture, according to a January 2021 Remote Work survey by PricewaterhouseCoopers. But with the Coronavirus/COVID-19 still sweeping across the United States and many remote employees feeling unsafe returning to the office, it could be months before that happens

So, how can workforces maintain a strong remote work culture in 2021 if they feel a physical space is key to success? Just like remote work may not come naturally to every employee, a strong remote work culture doesn’t happen without effort from employers. Supporting your remote workforce and keeping them connected outside of the office requires intentionality and practice. 

Try these three strategies to help develop your remote work culture in 2021, regardless of how long your team is stuck at home. 

  1. Communicate deliberately and transparently with your workforce. 

In the office, quick questions and passing conversations go a long way to helping business run smoothly. At home, communication becomes more complicated and even a passing question to a coworker may require extra steps. 

Clear, consistent communication is a cornerstone of successful remote work culture. Make the avenues of communication available to your employees very clear and encourage their use as often as people need — whether that’s email, telephone or video calls, or an instant messaging service such as Slack or Google Hangouts. Actively check in with your employees and give them individual attention and opportunities to ask questions. 

It’s also important to keep your remote team up to date on company share company goals. Working alone from home can be isolating and it may be hard for an employee to stay motivated if they can’t see the bigger picture. Create a remote work culture where individual goals are aligned with the company’s needs. Team members generally work together better if they can fully understand why they’re doing what they’re doing, and how their individual actions impact the company as a whole. 

  1. Celebrate employee successes (and remember to say thank you). 

Positive reinforcement is another factor in a positive remote work culture. Employees are commonly affected by negativity bias, a behavioral phenomenon where individuals are more impacted by negative events than positive events of equal intensity. A positive remote work culture is more likely to form when employees are working towards acknowledgement for hard-won achievements, rather than in fear of being reprimanded. Additionally, pointing out personal wins on a team or company-wide scale can be a great way to encourage conversation between remote employees and connect separate team members with a common victory. 

  1. Encourage consistent work-life-balance, even while remote. 

When your office is your bedroom, the lines between your “on” hours and your “off” hours can become blurred. You leave work, but your laptop is still right in front of you. If you work ceaselessly and don’t take strong breaks, productivity is bound to decrease. 

Finding this balance is especially important during the COVID-19 pandemic. The events of 2020 have left workers everywhere dealing with significant emotional exhaustion. Many members of your team may be dealing with financial struggles, mental health issues or even personal losses related to COVID-19. Team members deserve to feel that their work matters to the organization beyond their day-to-day productivity, and that their employers are concerned with their personal wellbeing in addition to their work output. Encourage employees to work hard when it’s work time and enjoy the other aspects of their life when it’s break time. 

Ultimately, these tactics should all work together to increase your employee buy-in. When everyone feels like a team, supported and united under one vision, then the work culture will fall into place.

If you want to learn more about how Best Money Moves can bring financial wellness to your company, download our whitepapers.

How to Increase Remote Employee Engagement in 2021

How to Increase Remote Employee Engagement in 2021

How can you increase remote employee engagement in 2021? As COVID-19 keeps workers at home, remote employee engagement strategy comes into focus for employers.

With the COVID-19 Pandemic still sweeping through the United States, many people have been working from home for almost a year with no end in sight. Over two thirds  of Americans who can work from home are continuing to do so, according to a 2021 survey conducted by Pew Research Trends. More importantly, 54 percent of those currently working from home report a desire to stay remote even after the pandemic has ended.

Remote-work employees can feel stranded and not engaged

But no employee is an island. While working from home offers employees enhanced flexibility and further protection against exposure to COVID-19, it can also pose significant challenges to remote employee engagement and communication among an unprepared workforce

How can you increase engagement among remote-work employees?

What steps can you take to increase remote employee engagement in 2021? Try these three strategies. 

1. Be intentional about non-work communication with remote-work employees.

At the office, employees talk about work, but they also make jokes, grab lunch, and stretch their legs by the water cooler. These moments may not feel immediately productive, but they’re vital for building team unity and trust. From home, casual conversations with employees are often lost, resulting in employees who feel isolated from their peers and who may be less likely to reach out to team members for help when needed.

Focus on remote employee engagement outside of a traditionally productive setting. As an employer, make an effort to not only keep your communication open to lighter commentary, but actually schedule time for employees to get together to socialize in remote or virtual spaces. Coffee breaks and happy hours can go a long way to improve morale.

2. Prioritize mental health.

According to a new report from the ExecuSearch group, “over 50% of employees reported not getting mental health support during these unprecedented times.” The report also noted that employees marked “unplugging” as the number one challenge to remote work. Consider creating a framework for employees to practice mindfulness or meditation. It’s important to find time to step away from the screen.

In any case, make sure you check in often with your employees. Don’t just ask how the work is coming along, but ask how they are doing and in what ways they can be better supported by management.

3. Support financial wellbeing.

2020 was a difficult year for everyone. While we enter 2021 hopeful for improvement, things are still not normal. The biggest stressor for many employees is the state of their financial wellbeing.  According to a 2021 Capital One CreditWise survey, 73% of Americans rank their finances as the most significant source of stress in their life. Increase remote employee engagement by creating avenues for employee financial stress.

And, don’t forget that more than half of all households lost income during the Covid-19 pandemic. Even if your employees held onto their jobs, their spouse or partners might have lost their, taken a forced furlough, or experienced a temporary or permanent pay cut.

Best Money Moves boosts remote employee engagement

Best Money Moves offers a human-centered and individualized approach to financial wellbeing. The comprehensive and user friendly platform provides a plethora of financial resources and educational tools. The library of resources contains over 800 articles, videos, and calculators. Each Best Money Moves user has their personal feed tailored to the several distinct factors that monitor their personal stress.

This means your employee can use Best Money Moves to educate themselves on anything from investing in the stock market to co-signing loans to buying their first home. Employee information is always private but employers do have access to key analytics that show overall employee financial stress and stress levels over time. The Employer Dashboard also features information on program usage, debt and savings levels and more so employers can see just how valuable Best Money Moves is to their employees.

If you want to learn more about how Best Money Moves can bring financial wellness to your company, download our whitepapers.

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.