risk management - Jackstien Practices, India https://jackstien.in/blog/tag/risk-management/ Cost and Risk Managers for a Distributed Framework Sat, 21 Oct 2023 15:54:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.2 https://jackstien.in/wp-content/uploads/cropped-jackstien-monogram-512x512-1-32x32.png risk management - Jackstien Practices, India https://jackstien.in/blog/tag/risk-management/ 32 32 Consulting on the Hybrid Work Conundrum. https://jackstien.in/blog/consulting-on-the-hybrid-work-conundrum/ Sat, 21 Oct 2023 15:54:55 +0000 https://jackstien.in/?p=4649 Hybrid work, a specialist consultant and specialized technology. The trifecta to lock in your massive gains in cost and productivity.

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Transformations to the way organizations operate have been nothing short of radical over the last few years, with hybrid work becoming the new norm. With any new changes, new risks arise. With new risks, new risk management techniques are needed. So as we transition into this new era, hybrid work risk management has become crucial for businesses to ensure productivity, employee satisfaction, and overall success. In this article, we will discuss the challenges that hybrid work poses, why hiring a consultant to manage these risks helps and the need for a comprehensive software application to put it all together.

The Hybrid Work Conundrum

As organizations navigate the hybrid work landscape, they face a unique set of challenges. These challenges can be categorized into different sections.

Balancing Employee Preferences.

Employees have diverse preferences when it comes to working remotely or at the office. Some prefer to work from home, while others thrive in an office environment. Some departments can work better collaboratively on certain tasks. These tasks occur on certain days of the week or the month or the quarter or the year. Striking a balance between the preferences of the various teams, supervisors and the organizational risks can be difficult. Implementing a one-size-fits-all approach typically lead to general dissatisfaction among employees, ultimately affecting productivity and employee retention.

Impact on Company Culture.

What is culture? Whatever version of the word you understand and agree on, the shift to hybrid work poses a risk to company culture, as it can lead to a disconnect between employees and teams and departments working from different locations. Defining, building and maintaining a strong company culture is essential for fostering collaboration, innovation, and a sense of belonging among employees.

The Role of a Consultant in Hybrid Work Risk Management

Hiring a consultant to manage the risks associated with hybrid work is essential for several reasons:

Expertise and Experience.

A consultant with expertise in hybrid work risk management can help organizations navigate the complex landscape of hybrid work, providing valuable insights and strategies to address the various challenges.

Objective Viewpoint.

An external consultant can provide an objective viewpoint, identifying potential risks and areas of improvement that may be overlooked by internal teams. This objectivity can help organizations make informed decisions and implement effective risk management strategies.

Tailored Solutions.

A consultant can work with organizations to develop tailored solutions that address their specific needs and concerns based on a multiplicity of risks and factors across stakeholders, ensuring that their hybrid work model is both efficient and effective.

Ongoing Support.

As hybrid work continues to evolve, organizations may require ongoing support and guidance to manage risks effectively. A consultant can provide this ongoing support, helping organizations adapt to changing circumstances and ensuring long-term success.

Compliance and Security.

With employees working from different locations, organizations need to ensure that they comply with various regulations and maintain the security of their data and systems. At the same time, policies need to be rejigged to update these policies. More importantly, the policies need to be restructured to avoid gaps and holes This can be challenging, as remote and hybrid work can lead to an increased risk of data or policy breaches and other threats.

Hybrid Work – Supporting Technology

Hybrid work requires organizations to invest in the necessary infrastructure and technology to support both remote and in-office employees. This includes setting up a robust IT infrastructure, providing employees with the necessary tools and equipment, and ensuring seamless communication and collaboration between teams.

MOST IMPORTANTLY, there is a need to balance the risks of the Hybrid Work structure itself amongst employees and teams. Like https://workis.io/.

The Need for a Software Application

In addition to hiring a consultant, organizations need a comprehensive software application to manage hybrid work risks effectively. A software application can help organizations.

Optimize Seat Booking and Allocations.

Effective communication and collaboration are essential for hybrid work success. A software application can help streamline these processes, ensuring that employees can easily share information, collaborate on projects, and stay connected, regardless of their location.

Integrate Operational Policies, Laws, Regulations, Compliances.

A software application can help organizations monitor and manage compliance with various regulations, ensuring that they stay up to date with the latest requirements and maintain the necessary documentation.

Track and Manage Usage and Discipline.

A software application can help organizations monitor and manage compliance with various regulations, ensuring that they stay up to date with the latest requirements and maintain the necessary documentation.

Manage Team Preferences and Reservations

A software application can help organizations monitor and manage compliance with various regulations, ensuring that they stay up to date with the latest requirements and maintain the necessary documentation.

Consider Employee Preferences and Commutes

A software application can help organizations monitor and manage compliance with various regulations, ensuring that they stay up to date with the latest requirements and maintain the necessary documentation.

Enhance and Ease Supervision

A software application can help organizations enhance their security measures, providing tools and features that can help detect and prevent potential threats, such as data breaches and cyberattacks.

Remind, Manage & Co-ordinate

A software application can help organizations enhance their security measures, providing tools and features that can help detect and prevent potential threats, such as data breaches and cyberattacks.

Integrate and Manage Off-Premise Work and Leaves

To ensure the success of a hybrid work model, organizations need to track and measure employee performance. A software application can help organizations collect and analyze data on employee productivity, engagement, and satisfaction, allowing them to make informed decisions and implement improvements.

Provide Flexibility and Scalability

A software application can provide organizations with the flexibility and scalability they need to adapt to changing circumstances and accommodate the evolving needs of their workforce.

Conclusion

As hybrid work becomes increasingly prevalent, organizations must prioritize hybrid work risk management as a one-time exercise supported by a software application for the long term to ensure the success of their workforce and business operations. Hiring a consultant with expertise in this area is essential for navigating the complex landscape of hybrid work, while a comprehensive software application can help organizations manage and mitigate risks effectively. By implementing these strategies, organizations can successfully manage the hybrid work conundrum and create a flexible, productive, and satisfied workforce.

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Staff Turnover – The Pricey Goodbye https://jackstien.in/blog/staff-turnover-the-pricey-goodbye/ Wed, 28 Jun 2023 15:25:57 +0000 https://jackstien.in/?p=3571 If the cost of flexibility seems high, wait till you tally the financial cost of staff turnover.

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Staff turnover is often perceived as a routine part of business operations.

But as staff turnover has become endemic in the wake of the Great Resignation, what often goes underestimated is its true financial impact.

As staff turnover increases, lack of flexibility is one of the most often quoted reasons along with lack of opportunity.

If the cost of flexibility seems high, wait till you tally the financial cost of staff turnover.

In the dynamic world of business, staff turnover can significantly affect a company’s bottom line. It is like a silent force that can wreak havoc on your company’s finances. From recruitment expenses to loss of productivity and customer dissatisfaction, the financial implications of staff turnover are staggering. 

In this article, we will explore the true costs of staff turnover and its hidden, multifold impact on your business.

What are the costs of turnover? 

Company X a thriving tech startup, recently lost two of their skilled software engineers. Sarah joined a competitor who gave higher flexibility in work timings for the same pay. Jay joined a competitor who had a hybrid work policy with a higher pay Sarah’s departure leaves a gap in the team and creates a ripple effect throughout the organization.  

The first question that arises is, “What are the costs associated with the employee turnover?”  

The answer lies in the hidden costs that start accumulating from the moment an employee decides to leave. These costs are less visible, but equally impactful. Staff turnover goes beyond the surface-level inconvenience of replacing employees. It includes many direct and indirect costs that can have a significant financial impact on the business. From recruitment expenses to decreased productivity. 

Direct Costs
Recruitment and Training Expenses:  Recruiting and hiring new employees entail various expenses, including job advertisements, recruitment agency fees, and background checks. Additionally, the onboarding and training process requires time, resources, and potential external training costs. By examining these direct costs, you can better grasp the financial burden of staff turnover. 
Indirect Costs
Productivity Loss and Knowledge Drain: When an employee leaves, it can lead to a temporary decline in productivity and efficiency. Other team members may need to shoulder additional responsibilities, resulting in increased workloads and potential burnout. Furthermore, the loss of institutional knowledge and expertise can create a knowledge drain within the organization. 

Below is a list of some tangible and intangible costs associated with high turnover rates, to shed some light on how significant implications are caused, as an after effect of the turnover, that extend well beyond the surface level expenses. 

1. Internal Training

When valuable employees leave, the need to train new hires arises. Internal training programs demand time, resources, and expertise from trainers and mentors within the organization. From onboarding sessions to job-specific skill development, the costs can quickly accumulate. Additionally, supervisors and team members who dedicate their time to training new hires are diverted from their primary responsibilities, affecting productivity and overall efficiency.  

2. External Training Expenses

In roles where hiring fully trained professionals isn’t feasible, external training becomes a necessity. Sending new employees to workshops, seminars, or specialized courses incurs additional expenses. From registration fees to travel and accommodation, these costs can strain your organization’s budget. High turnover rates exacerbate these external training expenses, creating a financial burden that directly impacts on your bottom line.  

3. Time of Supervisors and Others

Supervisors play a crucial role in onboarding and guiding new hires. However, when turnover is high, supervisors invest a significant amount of time in assisting and training newcomers. This diverts their attention from strategic tasks, team management, and their own professional growth. The more time supervisors dedicate to onboarding, the less time they have to contribute to driving the organization forward and achieving key objectives.  

4. Knowledge and Skills Gap

Experienced employees possess valuable institutional knowledge and specialized skills. When they leave, the organization faces a knowledge and skills gap that needs to be filled. Hiring new employees or investing in training existing staff to bridge this gap incurs costs and can impact the quality and timeliness of work. 

5. Delayed Time to Meaningful Contribution

New employees require time to acclimate and reach their full potential. During the initial phases, their productivity tends to be lower than that of experienced team members. As they familiarize themselves with company processes, policies, and systems, it takes time for them to contribute meaningfully. The longer the onboarding period, the greater the financial impact on productivity and overall output.  

6. Loss of Process Familiarity and Interpersonal Dynamics

Experienced employees possess a deep understanding of your organization’s unique processes, workflows, and internal dynamics. When they depart, their institutional knowledge walks out the door with them. This loss can result in disruptions, delays, and increased errors as new employees strive to adapt. The time and resources required to rebuild this familiarity can be substantial, directly impacting operational efficiency.  

7.Reduced Productivity

When an employee leaves, there is often a temporary dip in productivity as the team adjusts to the loss and a new employee gets up to speed. The time taken for the new employee to become fully productive can result in decreased output and potential delays in projects or deliverables, affecting overall operational efficiency. 

8. Overall Implied Costs

 While it is challenging to quantify the exact financial impact of employee turnover, it is crucial to recognize that the costs extend well beyond recruitment and training expenses. The cumulative effect of internal and external training, time invested by supervisors, reduced productivity during onboarding, rebuilding institutional knowledge, and reestablishing client relationships can significantly impact profitability. These costs erode your financial resources and limit your capacity to invest in growth and innovation. 

9. Reputational Damage and Employer Brand

High turnover rates can harm a company’s reputation and employer brand. Potential job candidates may view frequent turnover as a red flag, making it more challenging to attract and retain top talent. Maintaining a positive employer brand and reputation requires investments in employee retention strategies, which can positively impact the organization’s financial standing.   

Impact on Client Relations 

Another, often overlooked, aspect is the impact of staff turnover on customer satisfaction and, subsequently, the revenue generated by your business. Clients develop relationships with specific employees who understand their needs, preferences, and unique circumstances. When these trusted individuals leave, it can lead to customer dissatisfaction and, in some cases, the loss of valuable clientele. Customers also have an established level of trust, relying on the expertise and personalized service provided by the departing employee. With their departure, customers may feel a sense of uncertainty, questioning whether they will receive the same level of attention and service from a new employee. In extreme cases, Customers who have developed strong connections with specific employees may feel a sense of loss and may not be willing to invest the time and effort required to establish new relationships with your business. This customer churn can have a direct impact on your revenue, as the loss of loyal customers can be difficult to replace.   

Staff turnover can also adversely affect customer service quality. New employees require time to familiarize themselves with the intricacies of your products, services, and customer expectations. During this learning curve, there may be instances where service levels temporarily decline, resulting in customer frustration. If not addressed promptly, this decrease in service quality can erode customer confidence and lead to negative word-of-mouth, damaging your reputation and potential revenue. 

Is Staff Turnover Always Bad? 

While staff turnover is seen as negative, there are instances where it can be a catalyst for positive change. For instance, when stagnant talent is replaced with fresh perspectives and new skill sets, the company may experience increased innovation and growth. However, this positive outcome is contingent on effective recruitment practices and a strong onboarding process to ensure a smooth transition. 

Staff turnover is more than just a revolving door; it’s a financial challenge with far-reaching consequences for any business. If the cost of maintaining a flexible structure seems high, wait till you tally the cost of staff turnover. By understanding the direct and indirect costs associated with staff turnover, companies can take proactive measures to mitigate its impact. Cultivating a positive company culture, implementing effective retention strategies, and investing in the well-being and development of employees are key steps towards reducing turnover and ensuring long-term success. Remember, retaining your best assets not only saves money but also fuels growth and fosters a thriving business ecosystem. 

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Top Hybrid Work Strategies from the Consulting Experts https://jackstien.in/blog/top-hybrid-work-strategies-from-the-consulting-experts/ Sun, 04 Jun 2023 16:33:55 +0000 https://jackstien.in/?p=3540 We discuss some of the top strategies for effective risk management in hybrid work environments, from identification to prevention.

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‍Much has been discussed about the future of work as it keeps rapidly evolving, driven by technological advancements, changing workforce demography, and shifting employee expectations.

Beyond the hasty switch of the earlier days of the pandemic, organizations worldwide are attempting to embrace hybrid work models with more care that combines remote and in-office work to maintain productivity, employee engagement, and business continuity.

Hybrid work consultant services have emerged as a critical service, helping businesses navigate this transitional period and effectively mitigate the risks associated with these new ways of working. It is, after all, a specialized domain that requires knowledge of multiple areas as well as how each area relates to every other.

Consulting experts need to be well-versed in the challenges and opportunities presented by this new working landscape to offer valuable insights and practical solutions to help businesses adapt to the future of work, rebuild their internal processes to suit hybrid work and build a more resilient workplace cum workforce. We detail some of the top strategies for effective risk management in hybrid work environments. But first let’s get the basics out of the way.

Flexibility is a wide term

Flexibility may refer to the time when you work. 

Flexibility may refer to the space where you work from.

Flexibility may refer to how you deliver.

Time-based flexibility may exist either within defined limits or it may be fully discretionary.

Space-based flexibility (i.e. where do you work) may similarly exist within defined limits or may be fully discretionary.

To be sure, the term flexibility may even refer to the fact that you may provide the agreed outcome or work-product using any process of your choosing but without the freedom to choose the space or the time in which you carry out the said process (think about 9 to 5 research labs)

Thus, Hybrid work models, the way typically referred to, are just one form of flexibility and typically refers to flexibility in terms of the space where you work rather than the time when you work. Hybrid work arrangements are thus flexible working arrangements that enable employees to work from various locations, including the office, home, or other remote locations rather than at various times of their choosing.

This approach empowers employees with the autonomy (fully discretionary or within defined boundaries) to choose their work environment based on their preferences and job requirements.

Hybrid work models can take several forms, such as splitting time between remote work, being in the primary office, or being at satellite offices closer to employees’ homes.

Adopting a hybrid work model offers several benefits, including increased employee satisfaction, reduced overhead costs, and access to a broader talent pool. However, it also presents certain challenges, such as managing remote and distributed teams, maintaining effective communication, and ensuring data security. As a result, businesses have needed to develop robust risk management strategies to navigate the complexities of hybrid work successfully. Unfortunately, this has not proven easy and businesses continue to struggle.

The importance of risk management in hybrid work environments

Risk management is a crucial aspect of any business operation, but it becomes even more critical in hybrid work environments. The shift to remote work has introduced new risks and amplified existing ones.

These include process breakdowns, communication lapses and delays, cybersecurity threats and weakened cohesion either impacts product output or timelines or both.

Thus, organizations must identify, assess, and mitigate these risks to ensure business continuity and maintain a healthy hybrid work environment.

Effective risk management in hybrid work environments requires a proactive approach that anticipates potential challenges and addresses them before they escalate. By keeping a pulse on the evolving landscape, organizations can adapt and respond to emerging risks and opportunities, fostering a resilient and adaptable workforce.

Top strategies for effective risk management in hybrid work

a. Identifying potential Hybrid work and workplace risks

The first step in effective risk management is identifying the potential risks associated with hybrid work environments. Some common risks include team cohesion, communication breakdown, weakened discipline, data breaches, loss of productivity, communication challenges, and employee disengagement. Conducting a comprehensive risk assessment to identify these risks and their potential impact on the organization.

This assessment should involve input from various stakeholders, including employees, managers, and IT teams, to ensure a thorough understanding of potential risks. Organizations should also stay informed about industry trends and best practices to anticipate and address emerging risks proactively.

b. Implementing preventative measures

Once potential risks have been identified, organizations must develop and implement preventative measures to mitigate their impact. This may include establishing and updating IT infrastructure and security protocols, identifying and restructuring critical processes, setting a hybrid work policy, establishing clear communication and work guidelines, establishing clear contact points and responsibilities and, crucially, adaptation training for change management.

It is critical to have a proactive approach to risk management of hybrid work, continuously reviewing and updating preventative measures in response to changing circumstances. This requires one to stay informed about best practices, industry trends, and emerging technologies that can help mitigate risks effectively.

c. Continuously monitoring and assessing Hybrid workplace risks for distributed teams

Risk management is an ongoing process that requires continuous monitoring and assessment. Organizations need to establish regular risk assessment schedules, ensuring that all stakeholders are involved in the process. This helps maintain a comprehensive understanding of the organization’s risk landscape and enables timely responses to emerging risks.

In addition to routine assessments, organizations should establish a policy (backed by channels) for employees to report potential risks or concerns. This promotes a culture of risk awareness and empowers employees to contribute to the organization’s risk management efforts.

Advice on communication and collaboration in hybrid work and distributed team structures

Effective communication and collaboration are vital for maintaining productivity and employee engagement in hybrid work environments. Hybrid work consulting experts recommend several strategies to facilitate communication and collaboration, such as:

  • Establishing clear communication guidelines and expectations.
  • Preferred communication channels, response times
  • Meeting protocols including preferred mediums.
  • Check-ins structures and team meetings to maintain connections .
  • Identifying and securing the right collaboration tools and platforms for the right workflows.

By fostering a culture of effective communication and collaboration, organizations can mitigate the risks associated with remote work and maintain a cohesive, engaged workforce.

Leveraging technology for risk management in hybrid workspaces

Technology plays a crucial role in managing risks associated with hybrid work environments. From collaboration platforms and communication tools to advanced cybersecurity measures, organizations must leverage the right technology solutions to support their hybrid work models effectively.

Most importantly, Hybrid work needs a central command structure that manages the crucial ‘work’ element along with the workplace element. While tools vary by need, intent and output required, the central structure needs to hold it all together.

Unfortunately, in most cases, this role is performed by seat-booking apps, which are really poor substitutes that provide the illusion of structure.

Training and development for remote/ hybrid employees and distributed teams

Employee training and development are vital components of risk management in hybrid work environments. By providing employees with the necessary skills and knowledge, organizations can better equip them to navigate the challenges of remote work and contribute to the organization’s risk management efforts.

Hybrid work consulting experts recommend the following training and development strategies for employees in a hybrid work environment:

  • Providing regular adaptation training on how remote, hybrid or distributed teams work and relate to each other.
  • Training and development programs to supervisors to manage a distributed workforce.
  • Understanding what changes and why to equip employees to find solutions better
  • Providing cybersecurity best practices to help employees safeguard sensitive data and prevent breaches.
  • Training sessions on effective communication and collaboration techniques in a distributed environment, ensuring employees can work together efficiently.
  • Providing resources and support for employees to manage their work, home, finances and to maintain balance

How hybrid work consulting services can help your business

Hybrid work consultant services can provide invaluable support to businesses navigating the complexities of the future of work. Experts offer tailored solutions and strategies using systems thinking to help organizations manage risks effectively, implement successful hybrid work models, and build a resilient and adaptable workforce. Some of the key benefits of engaging hybrid work consulting services include:

  • Access to expert knowledge and insights on the latest trends and best practices in hybrid work.
  • Asking the right questions before arriving at the solutions and risk management strategies.
  • Customized risk management strategies designed to address the unique challenges and risks facing your organization.
  • Assistance in selecting and implementing the right technology solutions to support your hybrid work model.
  • Guidance on developing and implementing effective communication and collaboration strategies to maintain productivity and employee engagement.

Partnering with hybrid work consulting experts enables organizations can confidently embrace the future of work and its challenges, ensuring productivity, continuity and success in the evolving landscape.

Conclusion: Embracing the future of work and its challenges with confidence

The future of work is undeniably complex, with hybrid work models presenting both opportunities and challenges for businesses worldwide. By leveraging the expertise of hybrid work consulting experts and implementing robust risk management strategies, organizations can confidently navigate this new landscape, ensuring business continuity and success. By identifying potential risks, implementing preventative measures, continuously monitoring and assessing risks, and fostering effective communication and collaboration, organizations can mitigate the risks associated with hybrid work environments.

In addition, organizations must prioritize employee training and development, building a resilient and adaptable workforce that can respond to change and navigate challenges effectively. By partnering with hybrid work consulting services, businesses can access expert knowledge and insights, customized risk management strategies, and guidance on selecting and implementing the right technology solutions and communication and collaboration strategies.

While the future of work is undoubtedly challenging, with the right strategies in place, businesses can embrace this new landscape with confidence, build a more resilient and adaptable work structure and ensure long-term success in the evolving business landscape.

If you are looking to navigate the complexities of hybrid work environments and build a more resilient and adaptable workforce, contact our team of hybrid work consulting experts today. We offer tailored solutions and strategies to help your organization mitigate risks, implement successful hybrid work models, and thrive in the future of work.

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Hybrid Work Seat Booking Apps – Do They Really Help? https://jackstien.in/blog/hybrid-work-seat-booking-does-it-really-help/ Wed, 24 May 2023 18:36:31 +0000 https://jackstien.in/?p=3528 Do they really help? A conceptual list of pros and cons of using seat booking applications in hybrid work environments.

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Hybrid work truly “is all that“. By which we mean that it is the closest we are likely to get to agreeing on the ideal in most scenarios until technology catches up to make remote work a reality “that works for all rather than just for employees”.

However, as the benefits of Hybrid Work accrue, so do the risks.

One of the first steps taken by employers in an attempt to mitigate these risks is usually a seat-booking app. (Seat booking apps matter only if the intent if to optimize expenses on space. If silly things like budgets and expenses don’t matter, and one can afford to retain an office space that lies unutilized 2/3rd of the time, this article doesn’t apply. In fact, no such article on risk management applies when resources are so plentifulfor the rest, seat booking apps present themselves as the first and most obvious solution.)

Lets discuss a basic set of pros and cons of seat booking applications in hybrid work environment

Seat Booking Apps for Hybrid Work – The Pros:

1. Improved office space management: Seat booking applications (sometimes called Desk Booking applications) streamline the process of allocating workspaces, ensuring optimal utilization of available resources in a hybrid environment.

2. Enhanced flexibility and autonomy for employees: Employees can easily book their desired workspace according to their preferences, leading to increased satisfaction and motivation.

3. Reduced overhead costs: By optimizing office space usage, companies can potentially save on real estate costs and other expenses associated with an overcrowded office.

4. Increased collaboration and networking opportunities: Seat booking applications can encourage interaction between employees from different departments who may not have otherwise crossed paths in the office.

5. Better tracking of employee attendance and productivity: Seat or desk booking applications provide a digital record of employee presence and work habits, which can be useful for performance evaluations and managing remote workers.’

Seat Booking Apps for Hybrid Work – The Cons:

1. Technical difficulties and learning curve: There may be challenges in implementing and using the desk booking application, requiring time and resources to troubleshoot and train employees.

2. Privacy concerns: Some employees may feel that the tracking and monitoring features of seat booking applications are intrusive and infringe on their personal privacy.

3. Seat or desk booking apps are NOT driven the key consideration – the needs of the business and the preferences of those responsible for running it.

4. Potential loss of personal workspace: Employees may feel a lack of ownership or personalization in their workspaces if they constantly need to book a new spot.

5. Seat-booking apps require much effort, time and expense to set-up and to use on an ongoing basis but do not help in planning, managing, guidance or information.

Conclusion

In our view, the Cons outweigh the Pros of regular seat reservation apps by a country-mile.

The thing is, seat booking apps are great only for the movies.

You pay money, reserve seat, occupy seat, watch movie (and maybe get some over-priced pop-corn).

However for business and for life, seat-booking apps are useful only in theory because they give the illusion of doing something to solve the issue.

Like walking on the bridge across nowhere, sometimes it is just an illusion of forward movement. The illusion that you’re doing something about the risks so that you can continue to reap the benefits. Not so, we feel.

So What Is The Alternative?

Simply put, what we need is a software application that takes all the Pros and removes all the Cons (well duh!)

Agreed, its a tough one. That is probably why there is just one example of an application that has successfully managed to turn a hybrid work seat booking application into something really useful; check out work.IS – a true-blue hybrid work and workplace management system (pay attention to the words used – not just ‘Hybrid Workplace Management‘ but instead ‘Hybrid Work and Workplace Management‘.

Stay tuned as we continue to discuss risk management aspects of hybrid work in greater detail.

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Five Remote Work Policy Mistakes Companies Need to Avoid https://jackstien.in/blog/remote-work-mistakes/ Sun, 07 May 2023 09:50:20 +0000 https://jackstien.in/?p=3516 Remote work policies are tricky. Companies make mistakes that can lead to a rather problematic (or even disastrous) outcome. Read about the top 5.

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As the world continues to evolve, more and more companies are embracing remote work policies. Remote work allows employees to work from any location, which can improve productivity, reduce overhead costs, and increase employee satisfaction. However, remote work policies can be tricky to implement, and many companies make mistakes that can lead to a less than optimal outcome. In this article, we’ll examine the top 5 remote work policy mistakes companies need to avoid.

Introduction to Remote Work Policies

Remote work policies are a set of guidelines that define how employees work when they are not in the office. A remote work policy can include rules about when and where employees work, how they communicate with colleagues and managers, and what tools they use to complete their work. Remote work policies are essential for companies that want to embrace remote work and ensure that their employees are productive and engaged.

Mistake #1: Implementing a One-Size-Fits-All Policy

One of the most significant mistakes companies make when implementing remote work policies is implementing a one-size-fits-all policy. Not all employees have the same needs, and not all jobs can be done remotely. Companies need to think carefully about which jobs are suitable for remote work and which are not. They also need to consider the needs of individual employees and how remote work will affect them.

For example, some employees may prefer to work from home, while others may prefer to work from a co-working space or a coffee shop. Companies need to be flexible and allow employees to choose the location that works best for them. Additionally, some employees may need more or less supervision than others, and companies need to take this into account when implementing their remote work policies.

Mistake #2: Failing to Provide Clear Communication

Another common mistake companies make when implementing remote work policies is failing to provide clear communication. Communication is essential when employees are working remotely, as they may not have the same level of interaction with colleagues and managers as they do in the office. Companies need to establish clear communication channels and ensure that employees know how to use them.

For example, companies can use video conferencing tools like Zoom or Skype to hold virtual meetings, or they can use messaging apps like Slack or Microsoft Teams to communicate in real-time. Companies also need to establish guidelines around when and how often employees should check in with their colleagues and managers to ensure that everyone is on the same page.

Mistake #3: Neglecting to Establish Expectations and Guidelines

One of the most significant mistakes companies make when implementing remote work policies is neglecting to establish expectations and guidelines. Remote work can be challenging for employees who are used to working in an office, and companies need to provide clear guidelines and expectations to ensure that employees are productive and engaged.

For example, companies can establish guidelines around when and how often employees should check in with their colleagues and managers, how many hours they are expected to work per day or week, and what tools they should use to complete their work. Companies also need to establish clear expectations around deadlines and deliverables to ensure that employees are meeting their goals.

Mistake #4: Not Prioritizing Cybersecurity and Data Protection

Another common mistake companies make when implementing remote work policies is not prioritizing cybersecurity and data protection. Remote work can increase the risk of cyber attacks and data breaches, as employees may be accessing company data from unsecured networks or devices. Companies need to take steps to protect their data and ensure that their employees are following best practices for cybersecurity.

For example, companies can provide employees with secure VPN access and require two-factor authentication for all logins. They can also establish guidelines around which devices employees can use to access company data and require regular software updates and virus scans. Additionally, companies should provide employees with training on how to identify and avoid cybersecurity threats.

Mistake #5: Failing to Track and Measure Productivity

Finally, another common mistake companies make when implementing remote work policies is failing to design, track and measure productivity. Remote work can make it challenging to monitor employee performance, and companies need to establish systems for tracking and measuring productivity to ensure that employees are meeting their goals.

They can also establish clear goals and metrics for each employee and track progress towards those goals. Additionally, companies can use employee feedback and performance reviews to identify areas for improvement and provide support and guidance to help employees reach their full potential.

Best Practices for Creating a Successful Remote Work Policy

To create a successful remote work policy, companies should consider the following best practices:

  • Be flexible but define boundaries to flexibility.
  • Provide clear communication channels and guidelines
  • Establish clear expectations and guidelines for behavior, responsiveness and productivity
  • Prioritize cybersecurity and data protection
  • Establish systems for tracking and measuring productivity

By following these best practices, companies can create a remote work policy that works for everyone and ensures that employees are productive and engaged.

Case Studies of Successful Remote Work Policies

Many companies have successfully implemented remote work policies, and they provide valuable insights into what works and what doesn’t.

For example, Automattic, the company behind WordPress, has a fully remote workforce of more than 1,000 employees. They rely heavily on communication tools like Slack and Zoom to stay connected, and they prioritize transparency and trust to ensure that everyone is on the same page.

Another example is Buffer, a social media management company with a fully remote workforce. They prioritize clear communication and establish guidelines around when and how often employees should check in with their colleagues and managers. They also measure productivity using time-tracking software and provide regular feedback to help employees improve.

GitLab is one of the world’s largest all-remote companies with team members located in more than 65 countries around the world. Having gone public, GitLab Reached $15 Billion Market Cap.

Conclusion

We are of the view that in most cases, Hybrid work is the best balance in the current human and technological construct. Remote work and its related policies can be challenging to implement, but for certain types of companies, it can work. However, avoiding these top 5 mistakes is critical.

Successful remote work policies are flexible, prioritize clear communication and productivity, and prioritize cybersecurity and data protection.

If your company is considering implementing a remote work policy or a policy for distributed teams working together, we encourage you to learn from the successes and failures of other companies and establish a policy that works for your employees and your organization. Or reach out to us. By doing so, you can massively improve productivity, reduce overhead costs, and increase employee satisfaction.

The post Five Remote Work Policy Mistakes Companies Need to Avoid appeared first on Jackstien Practices, India.

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