5 Departments Every New Business Should Have

When businesses are just starting out, they need to decide which departments to have. The most essential departments are usually Sales, Marketing, Finance, and Human Resources. Of course, every business is different, and some may require other departments as well. For example, a company that specializes in manufacturing will need a Production department. Once a business has established which departments it needs, it can begin filling them with qualified employees. With the right team in place, a business can start on the path to success.

Human Resource:

A human resource department (HR) is important for a business when they are starting out because HR can help with a lot of the legalities surrounding hiring employees. They can also help to ensure that the company is adhering to anti-discrimination laws and that everyone is being treated fairly. Furthermore, an HR department can help to create a benefits package for employees, which can attract and retain good talent. Finally, an HR department can assist with Employee Relations issues, such as ensuring that employees are happy with their job and have a good work-life balance. By having a strong HR department from the start, businesses can set themselves up for success.

Finance Department: 

A finance department is responsible for a lot more than just handling a company’s money. They also develop financial plans, track investments, and provide advice on how to best use the company’s funds. While it may seem like an unnecessary expense to hire a full-time finance team when starting out, the truth is that their expertise can be invaluable in helping a business to grow and thrive. Without a solid financial foundation, businesses can quickly find themselves in hot water. By ensuring that there is always someone on hand to keep track of the numbers, businesses can avoid making costly mistakes that could jeopardize their future. In short, a finance department is an essential part of any successful business. without one, the odds of success are greatly reduced.

Marketing Department:

Marketing is critical for businesses of all sizes, but especially for startups. A solid marketing strategy can help a startup create a brand identity, reach its target market, and generate buzz. Without marketing, it can be difficult for a new business to get off the ground.

There are a number of ways to market a new business, and the most effective approach will vary depending on the product or service being offered and the target market. However, some common marketing channels for startups include online advertising, social media, email marketing, and PR. A good marketing mix will use a combination of these channels to reach the widest audience possible.

An experienced marketing team can help a startup develop an effective marketing strategy and execute it successfully. However, even if a business does not have the resources to hire a full-time marketing team, there are still many ways to get the word out about their products or services. Marketing is an essential part of any business, and startups should make it a priority from day one.

Communications Department:

Just starting out in business? You may be thinking that you don’t need a communications department – after all, you’re already good at communicating, right? Wrong. Even the most gifted communicator will benefit from having a team of professionals to help them navigate the ever-changing landscape of media and public opinion. Here are just a few reasons why businesses should have a communications department from the outset:

1. To protect your reputation. In today’s 24/7 news cycle, it’s more important than ever to have a proactive plan in place to deal with crisis situations. A communications team can help you anticipate problems and plan for how to respond.

2. To get media coverage. A good communications team will have strong relationships with key members of the media, and they’ll know how to pitch your story in a way that will get attention.

3. To reach your customers. A well-executed communications strategy will ensure that your target market knows about your product or service – and more importantly, that they understand why they need it.

Investing in a communications department from the start will pay off in the long run – so don’t wait until you’re in the middle of a PR disaster to realize its importance.

Conclusion: 

The business world is always changing and evolving, and it can be hard to keep up. That’s why it’s so important for businesses to have HR, Communications, and Finance departments. These departments help businesses to stay organized and efficient, and they can provide important support during difficult times. For example, the HR department can help with recruiting and onboarding new employees, while the Communications department can handle media relations and marketing. And the Finance department can help with financial planning and budgeting. Having these departments in place from the start can help businesses to navigate the ever-changing landscape and stay ahead of the competition.

5 Reasons Why You Should Update Your Business Website

Your business website is one of the most important tools you have to connect with customers and promote your products or services. However, if your website is outdated or doesn’t look professional, it may not be doing its job. Here are a few reasons why you should update your business website now. 

1. Google Will Rank Your Website Higher 

Google and other search engines like to see that a website is being updated regularly, as this means that the business is active and still in operation. This means that you are more likely to be ranked higher in searches for your products or services.

If you want your website to be successful, you need to make sure that it is well-ranked on search engines. One of the best ways to improve your ranking is by regularly updating your site. When you add new content, Google takes notice and bumps up your ranking. 

But it’s not enough to just add any old content – it needs to be high-quality, relevant content that will engage your audience. If you can keep your site fresh and interesting, you’ll see a big improvement in your search engine ranking. And that means more traffic and more success for your business. 

2. It’s Easier To Update Than Ever Before

With WordPress, Joomla, and other Content Management Systems (CMS) it is now so easy to update your website yourself, without having to rely on someone else to do it for you. 

Updating your website used to be a real pain. You had to hire a web developer to make changes for you or learn HTML yourself. But thanks to advancements in technology, updating your website is now easier than ever before. 

With platforms like WordPress, Wix, and Squarespace, anyone can create and edit a website without any coding knowledge. And if you do need help, there are plenty of freelance developers out there who can assist you. 

So if your website is in need of a refresh, there’s no excuse not to get started. You’ll be surprised at how easy it is.

3. Your Customers Will Appreciate It

If you ask your customers what they want in terms of a business website then most of them will say an up-to-date one. They don’t want to see old content on there if you have updated the product range or changed prices etc., so make sure that your website reflects this. Some customers will even go as far as saying they won’t buy from you if the site looks dated! 

4. It’s A Great Way To Promote New Products And Services 

If you have launched any new products or services then this is a great way to get the word out there, as well as let your existing customers know what else you have to offer. 

A website can be a powerful tool for promoting your products and services. By creating a professional-looking site, you can make a good first impression on potential customers. Include high-quality photos and product descriptions, and make it easy for visitors to find what they’re looking for. 

Use keyword-rich titles and metatags to help ensure that your site comes up in search engine results. In addition, take advantage of social media to spread the word about your business. 

By promoting your website on Facebook, Twitter, and other platforms, you can reach a wider audience and generate more leads. With a little effort, your website can be a great way to promote your business and attract new customers.

5. A Website That Is Regularly Updated Looks More Professional

A website that is regularly updated looks more professional for a number of reasons. First, it shows that the site is well-maintained and the company is still in business. Second, it shows that the company is keeping up with current trends. 

Third, it provides fresh content for visitors to read. Finally, it gives the impression that the company is constantly expanding and growing. All of these factors contribute to making a website look more professional. 

Regular updates also help with search engine optimization, as search engines prefer websites that are constantly adding new content. For these reasons, it is essential to keep a website regularly updated if you want it to look its best.

Updating your website is a necessary step in keeping your business competitive. By taking the time to update and improve your website, you’re making an investment in the future of your company. Not only will you be able to reach more customers, but you’ll also be able to create a better user experience that keeps them coming back for more.

What Is Cryptocurrency And How You Can Use It For Business?

If you are unfamiliar with the term, cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions and control the creation of new units. Cryptocurrency is decentralized, meaning it is not subject to government or financial institution control. This makes it an ideal choice for businesses that want more control over their finances. In this blog post, we will explore how businesses can use cryptocurrency and some of the benefits it offers.

What Is Cryptocurrency?

Cryptocurrency is a digital currency that you can use to buy and sell goods, but it’s also an investment vehicle for those who want to make money. Cryptocurrencies are the new way of making payments over the internet. They have been gaining popularity at an exponential rate in the past few years because of their decentralized nature and anonymity.

Cryptocurrency has taken the financial world by storm, and there’s no sign of things slowing down anytime soon – if anything, experts predict we’ll see an increase in interest as more and more companies begin to accept cryptocurrency as payment for their goods and services. 

How To Use Cryptocurrency For Business

Store of Value

Cryptocurrencies can be used as a store of value, just like gold or fiat currencies. Although cryptocurrencies are not “backed” by any government or central bank, they can still hold value because people believe in them and will therefore accept them in exchange for goods and services. 

This is also known as “cryptoeconomics” – the use of cryptography to design economic incentives for specific outcomes. In other words, it’s a way to get people to do what you want without force or coercion (i.e., violence).

Currency Exchange

Cryptocurrencies can be used as an intermediary currency when trading between two different fiat currencies (like USD and EUR). For example, if you want to transfer $100 from your bank account in the United States to your friend who lives in France, it would take 2-5 business days for the transaction to clear through the banking system before reaching your friend’s bank account in France (assuming there are no issues with international currency conversion rates).

With cryptocurrencies such as Bitcoin, however, transactions can be completed instantly because no banks are involved! This means that transactions are much cheaper than using traditional banking systems (although this is changing with cryptocurrency exchanges like Coinbase charging up to 1% fees on transactions). 

Cryptocurrency exchanges also typically have lower fees than banks when converting one cryptocurrency into another (for example converting Bitcoin into Ethereum) due to their lower operating costs compared with traditional financial institutions like banks and credit card companies.

Crowdfunding

Cryptocurrencies can be used to raise money through crowdfunding campaigns. This is a very popular use of cryptocurrencies because it allows anyone in the world to contribute funds towards any project, regardless of their location and whether or not they are accredited investors (i.e., wealthy enough to invest at least $200,000 in a company). 

However, this is also one of the most controversial uses of cryptocurrencies because many people believe that it’s risky for investors and that it’s unfair for startups to avoid having to comply with regulations like the SEC (U.S. Securities and Exchange Commission) which require companies to disclose information about their business, financial condition, and management team before raising capital from the public through crowdfunding platforms like Kickstarter or Indiegogo.

Digital Currency Payment Processor

This is probably one of the most interesting ways that cryptocurrencies can be used for business purposes because it allows you to accept payments in cryptocurrency without having your own cryptocurrency wallet! 

In other words, you can accept Bitcoin payments on your website without needing a Bitcoin wallet or even knowing anything about Bitcoin! This is possible thanks to services such as BitPay which allow you to accept Bitcoin payments on your website using a simple API integration (no coding required). 

You can then convert all incoming Bitcoin payments into your local fiat currency using BitPay’s exchange rate calculator (which takes into account current market rates) before depositing them into your bank account. The best part? There are no fees when converting Bitcoins into fiat currency – only when converting fiat currency into Bitcoins!

6 Tips To Attract Investors To Your Business

“You have a great business idea, but how do you attract investors? Simple – make them an offer they can’t refuse!”

Okay, maybe that’s not exactly how it works in the real world. But if you’re looking for tips on how to impress potential investors and get them interested in funding your business, read on! From crafting the perfect pitch to showing off your financials, we’ll cover everything you need to know to win over those all-important backers. So let’s get started!

1. Be Generous With Your Business Plan

When you are pitching to investors, the first thing they will ask for is your business plan. You must be prepared to share it with them, but do not give away all of the details. Investors want to see that you have thought through every aspect of your business and have a plan in place for how you are going to achieve your goals. 

However, they do not want to know every little detail about how you are going to make it happen. They can only get excited about so much information at one time, so be selective about what you provide them with.

2. Make Sure It Is Easy To Follow And Understand

Your business plan should be easy to follow and understand by those who read it. If the person reading it has any questions or needs clarification on something, then the plan is not effective enough. 

You need to make sure that everything is spelled out clearly and concisely in order for investors to see why they should invest their money in your business idea. The last thing you want is someone getting bored while reading through it, which could lead them away from investing altogether!

3. Keep It Short And Sweet

You do not want your plan to take up several pages or paragraphs of text because most people will lose interest quickly if they cannot see some sort of value in what they are reading immediately after starting it. 

Keep your business plan short and sweet because this will help keep the attention of those who read it as well as those who may invest in your business down the line! Do not try and tell them everything about what you expect out of your company; just give them an overview of what you think will work best for success! 

This way, when potential investors come back with questions or need more information on certain aspects of the company, you can provide that information without having to write an entirely new document! This also helps prevent confusion amongst yourself and others involved in the company’s growth!

4. Be Clear About Your Goals And Objectives For The Company

When you are writing your business plan, it is important to be clear about what your goals and objectives for the company are. Make sure that you have specific goals and objectives that you want to achieve in order to show investors that you are determined to make this a successful venture. 

You do not have to be overly confident about your plans, but if you have set out clear goals and objectives then it will help investors see how serious you are about making this successful!

5. Know Your Numbers And Be Ready To Share Them With Investors

Investors want to know the numbers behind your business so they can see where the money is going and how profitable the company will be. They want to know what kind of profits they can expect from their investment as well as how much money they could potentially make on their initial investment. 

If there is no potential for profit, then why would anyone invest? You need to be able to explain these details clearly so that investors can see why investing in your company is worth their time and money!

6. Be Prepared For Questions And Answer Them Thoroughly

Once an investor has read through your business plan, they will likely have some questions for you before making a decision on whether or not they want to invest in your idea or not. They may ask questions like, What makes this idea different from others out there? Why should we support this idea over any other one? How do we know that it will work? 

If someone asks these questions, then you need to be prepared with answers so that they can see how confident you are in yourself and the company’s future success!

5 Ways Marketing Automation Can Improve Customer Experience

In today’s digital age, customers expect a seamless, personalized experience when interacting with businesses. Unfortunately, many companies are still struggling to meet this expectation. One of the reasons for this is that they are relying on manual processes to manage customer interactions.

Marketing automation can help businesses improve customer experience by automating various marketing tasks, such as sending targeted emails and tracking website visits. As a result, businesses can focus on delivering a more consistent and personalized experience to their customers.

To further elaborate, here are some of the ways marketing automation can help improve customer experience:

1. Improved Lead Generation

One of the main benefits of marketing automation is that it can help businesses generate more leads. By using marketing automation, businesses can focus on reaching out to new customers while also nurturing existing relationships by following up with them through targeted emails. The advantage here is that businesses don’t have to manually follow up with every single customer, instead, they can create a marketing automation process that can help them generate leads from their existing customers as well as one-time customers.

2. Effective Lead Nurturing

Another advantage of marketing automation is its ability to effectively nurture leads. By understanding the buyer’s journey and creating different automated email sequences, businesses can make sure that they are providing consistent information along the way. For example, if a business has sent out an initial email about their product or service, then they will continue to follow up with that same person while also trying to build trust in order for them to eventually become paying customers. The idea here is that marketers provide more information about their product or service while also building trust with potential customers at each stage of the customer journey. This allows more people to purchase relevant products.

3.  Marketers can increase their number of conversions

Another way in which marketers are able to improve the customer experience while also making more money is by increasing the amount of conversions that they have. A conversion can be defined as “the moment when a person decides to take action on the offer being presented.” For example, if someone sees an advertisement for a new product and then goes to the company’s website in order to purchase it, this would count as one conversion. If that same person then goes through another purchase process after having received other marketing emails from that business, then these two purchases would equal two conversions. Marketers who automate their marketing do so because this automation helps them make sure that they are corresponding with potential customers at all stages.

4. Reduce Customer Churn

Customer churn is when customers stop engaging with a brand. For example, if a customer stops taking advantage of discounts or services offered by your business, they are probably going to churn. This kind of behavior costs businesses $450 billion worldwide every year. An automated marketing solution helps businesses keep track of who is and isn’t engaging with their brand so that they can improve their retention rates and save themselves this huge figure.

5. Onboarding Customers

Onboarding customers has never been easier! With automation softwares like customer relationship management systems, you can speed up onboarding by removing the tedious tasks required in traditional processes. These systems allow businesses to send automated emails to customers educating them about the business and other helpful information. This can save time for the business and confuse customers less about other processes that need to be completed before they start getting value from their purchase.

6. Target Sale Prospects Across Multichannel 

Marketing automation platforms can be used to handle all the social media handles from one platform. You can send targeted messages to the people that are already following your social pages. You can also create newsletters and engage with prospects through email marketing by leveraging content syndication, personalized recommendations, product promotion, and more. This way you can engage with customers across various channels without needing to login into all of them separately.

In conclusion, marketing automation is the need of every business. It can help scale your business and also enhance the customer experience. Not only does it make the experience amazing for the customers, but makes customer relationship management easier for the marketers too. Marketers should stay on top of the latest technology and marketing tools and strategies and implement them in their businesses. This will not only make the business scalable but also help it grow at a faster rate.

6 Ways To Bring Better Social Media Engagement To Your Business

Businesses of all sizes are turning to social media as a way to engage with customers and promote their products and services. However, not all businesses are seeing the same level of success when it comes to social media engagement. If you’re like most business professionals, you’re probably always looking for ways to improve your social media engagement. After all, strong social media engagement is key to driving sales and growing your brand. However, social media engagement isn’t just about having a presence on multiple networks. A strong social media campaign requires you to target your audience, develop an engaging message, and post high-quality content consistently.

If you are looking to improve your business’s social media engagement, here are six ways to create a successful social media strategy that engages customers and drives conversions.

1) Make Sure Your Content Is Interesting And Relevant

The best social media content is relevant to your target audience, but that doesn’t always mean it has to be directly connected with your business. If you are in the retail space, share photos of products people are excited about. If you are a law firm, share interesting facts or figures. The goal is to post engaging content that would capture the attention of your target audience and keep them engaged. Think about what people are truly interested in and post accordingly, not just what you want to talk about.

2) Post Consistently But Don’t Over-Post

You probably heard the saying that any attention is good attention. That may be true to some degree, but if you’re only posting once every three months, it limits your impact on your audience. But that also doesn’t mean you should keep posting all the time and spam everyone’s feeds. Posting too much will annoy your audience and turn them off.

3) Use Hashtags Properly

On Twitter, you can use up to two hashtags per post, but on Instagram, stick to one per post. Using the same hashtag over and over again will also be seen as spam by users. Take advantage of trending hashtags with specific terms or memes that are relevant to your brand or industry for a refreshing boost every once in a while. And don’t forget to take note if most people are using popular hashtags! It may help you improve your marketing strategy down the line.

4) Respond Quickly With Live Content Updates

Keeping an eye out for what’s happening around the world can give you fresh ideas for engaging social media. Another important strategy is to keep an eye out for what is driving more traffic towards your competition. That way, you can aim to take advantage of the same trends in order to bring your content up. With this in mind, it’s also important to know when your audience is most active on social media. This will give you a better idea of when they’re online and available for engagement.

5) Pay Attention To Your Timing And Scheduling

Did you know that a tweet at 5 pm gets 25% more engagement than a tweet sent an hour later? Of course, this does not mean you have to be sending out posts all the time. In fact, you should take some time off as well. It is OK to go as little as one day without social media as it will help keep your social media accounts from being flooded with too many posts and comments which will keep them relevant for longer periods of time!

6) Create Engaging Visuals For Your Posts

A picture is worth a thousand words and does not always have to be of your product or service. In fact, it is better if it isn’t. If you want more engagement on your social media channels then try posting pictures that get people excited and curious about what they will find when they click on the link! When you post images that get people interested in clicking on the links, you get more traffic to your site and hopefully also an increase in purchases!

Everyday consumers are becoming more selective about who they choose to buy from. If you’ve been struggling at getting their attention through your conventional methods, try these tips to make drive more engagement towards your business!

8 Productivity Hacks As Working From Home Becomes The New Normal

There are mixed feelings regarding working from home, while some might consider it to be the new normal, some can’t wait to return to the office. Irrespective of which side you picked, losing productivity is a common problem we all suffer with. More often than not, we get easily sidetracked with things and lose focus. In an office setting, with a work-focused environment, it’s relatively easy to finish up tasks to get back to your home. But what if you are already working from home?

Keeping yourself motivated and finding the right balance between your personal or professional life might be difficult. It is easily one of the common challenges we face with remote work, and without effectively managing the problem, we’re either focused on one side more than the other. But luckily, certain hacks have reportedly increased productivity in other professionals, and it’s about time we try them!

1.  Get Ready for Work Like You Would For on-site

One of the common reasons why we aren’t as productive at times when working from home is because we aren’t ready for it. On a normal day, you would wake up, freshen up, dress up and then have breakfast before leaving for the office. With work from home, you need to adopt the same attitude to be more productive. This doesn’t mean putting on your finest suit, but everything else is just as important.

2.  Create a Workspace that Encourages Productivity

When the work from home arrangement was new, every one dedicated proper workspaces for office work. But as we grew more familiar with the routine, our office spaces shifted to our sofas in front of the TV or on our beds. This is why having a dedicated workplace, and refreshing its setting now and then is extremely important to be productive. Keep your spaces for leisure separate from where you work to get a better work-life balance.

3.  Don’t Forget to Socialize

In a physical setting, it was relatively simple to communicate to your boss when you were unsure about certain things. Now, everything requires either a message or a meeting, and even being live all the time has its share of problems. The key isn’t to continuously communicate, but effectively communicate, and don’t only converse when you have to. Keep things simple, socialize, and update timely to be more productive.

4.  Have a Personal Working Routine

It’s easy to be tempted by waking up only minutes before a meeting or working after hours to compensate for the lack of productivity during the day. The best thing you can do for yourself is to establish a routine, start when it’s time and finish when it’s time to get up. No wandering off, or snacking, or relaxing in between. If you don’t stick to a routine, you risk losing work time and leisure time alike.

5.  Dedicated time for the Redundant Tasks

Have you ever gotten one email after the other and you invest in responding and getting that sorted before actually starting on what needs to be done? We’ve been there. Some unimportant and redundant tasks can quickly take most of your day. Set a time for redundant tasks, don’t let it interfere with your normal workflow, don’t get occupied with every new thing that comes your way. Prioritize what’s important, and do respond to the unimportant tasks as well.

6.  Say “NO” with Confidence

Assuming you’ve tried all there is to be productive when working from home but things still aren’t getting done on time. Chances are you have more on your plate than you can deliver, or you can’t organize your output efficiently. Someone keeps on calling urgent meetings, and you keep on getting pulled into one thing or the other. Learn to say no, otherwise, you risk your projects faltering, and burning out.

7.  Set Boundaries for Your Work Life

One of the most important hacks to staying productive is having a sense of motivation. What better way to stay motivated than by giving yourself some off time and treating yourself after you’re done working? Allocate specific hours for specific activities, working from home doesn’t mean you are continuously on the clock.

  • Allocate hours to when you will be able to take casual calls.
  • Delegate your tasks when possible.
  • Maintain a task list, and don’t pile things on.

8.  Boredom is the Enemy

Most people complain about working from home as it has blurred the boundary between professional and personal life. Along with making them work more hours, and constantly not finding peace in their homes because of it. The truth of the matter is, the line between work and personal life becomes blurred if you start mixing the two. Don’t work on your bed, don’t work late hours if you don’t have to, don’t associate places with office work.

Productivity is something that comes naturally if you have the right resources, mindset, and motivation. Find what works for you, and make it work to your advantage. But remember, what might do you more good might not always be the most relaxing option.

10 Ways to a Successful Future Proof Career

Be it after graduation or in the early years of employment, the need for achieving more in your career and having job security is a common one. Most individuals spend most of their day thinking about career advancement and being an asset to any company, present or future. In today’s world, recognition, acceptance, and validation are equally important professional goals as career success, ample income, and job security. But not many people can achieve all of them together.

Some professionals are adept at finding new opportunities, building networks, negotiating better salaries, and more. You might be one of those individuals or know someone who is, and you might also be one – what makes them exceptional professionals? The answer is simple but very demanding, they simply have the willingness to master what they do, and keep on expanding from there. Once you realize all it takes is willingness, you too can follow career advice to climb up the corporate ladder.

Here Are 10 Ways to Future Proof Your Career

1.      Be Present and Be Seen

Not many promotions are offered to employees who aren’t present on a professional or personal level. They simply put in the day’s work and head back home, but to truly go above and beyond in your career – you need to go above and beyond your normal. Attend events and connect with bosses and colleagues, be present so you leave an impact.

2.      Volunteer with Caution

Volunteer in programs not just to participate, but to lead. While it may add some additional tasks to your routine, understand where your efforts count more and go for it. Doing this shows that you are not afraid to do more, and are fit for a leadership position. Your audience would know that you have valuable experience, and your bosses would know that you have excellent management skills.

3.      Build Skills To Take With You

An important outcome of employment is the work experience, it is the professional growth you achieved during your contract. This is why developing skills and expertise that you can take with you are essential in any job role. Learn transferable skills that can help you today, and be useful in the future. Develop multiple competencies that will open doors for growth.

4.      Think Globally

We usually think of taking one step at a time and expanding from there. But it is equally important to focus on the long-term plan and direction. Finding promotions or other markets should be a regular practice, and developing plans and techniques to avail those offerings can become part of your routine. This way, you can constantly work on professional improvement, here are some things you can do:

  • Learn about job openings in different countries and explore the possibility of a transfer.
  • Learn diverse culture management skills to boost your international exposure.

5.      Track and Record Progress

Career-driven people know what they did, what they are doing, and what they can do better. The approach applies to personal and professional life. In the workplace, it is best to track daily progress so your employers can see how much you are contributing. It also helps you build a case to avail any promotions or bonuses.

6.      Set Career Goals

Your employers want to know what you can ultimately contribute, and achieve long-term. It is best to set career goals for yourself so you can shape your professional development and exposure to facilitate achieving that target. Connect with career advisers and get some sense of the long-term and short-term career goals, and work towards them to future-proof your career.

7.      Proactively Apply for Promotions

Most people tend to be hopeful that promotion will eventually come their way, however, they don’t seek them out. if you know that you are due for a promotion and meet the criteria, try applying for it. Let your boss know about it, and ask them for their feedback. Even if you don’t get the promotion, ask for feedback so you can do better in the next opportunity.

8.      Anticipate Workplace Requirements

You don’t become an asset to the company by simply being told what to do, you become valuable when you do more. It is important to achieve career success by not only focusing on yourself but what others expect from you. Ask yourself if you were a stakeholder of this project, what would you want your employees to do next? And prepare for it.

9.      Communicate Better than Before

Key employees know what to say and when to say it, they know when to listen and when to contribute. In short, they know how to effectively communicate and make their contributions matter. Understand what type of communication your colleagues need to see your efforts, and then make a clear proactive communication plan to achieve it.

10.  Deliver What You Promised

The value of deliverables is far greater than just verbal commitments. Fix timelines for yourself to deliver your work effectively, leave ample time to review your work, and then report it. Commit to delivering what you promised and be realistic while doing so, build trust and credibility. 

Emotional Intelligence – The Key To Success As A Manager In Today’s Workplaces

Emotional intelligence is an important component of today’s workplaces and one of many qualities that a skilled leader should have. Managers can no longer just tell their employees what to do. They need to improve their emotional IQ (EQ), in order to effectively guide, understand and reinforce positive behaviors.

Leading through emotional intelligence requires a lot of time and energy from you as a manager, but the positive result is well worth the extra effort. How do you lead your team using emotional intelligence? You must first comprehend people’s conduct and listen to what they have to say before you can influence them. A degree of psychology and better social intelligence is the key to professional leadership.

Below are the top 10 ways you can develop your emotional intelligence to lead more effectively and to make a difference

1. They Take Responsibility For Their Actions

Emotionally intelligent people are not afraid to make errors and, instead of shifting blame, take responsibility when things go wrong. Therefore, this is the reason they learn from their mistakes more quickly and produce greater long-term results that benefit not only them but also their workplace.

2. They Accept Change

People with a high EQ have a wide range of perspectives. Change is viewed as a constructive challenge by them. They are adaptable and resilient enough to deal with unanticipated events. They do not get fearful or retreat when confronted with a challenge; instead, they effectively manage the changes that occur.

3. They Have An Optimistic Attitude Towards Life

Since life does not always go as imagined. From time to time, everyone must cope with setbacks or vexing issues. Emotionally intelligent individuals, on the other hand, attempt to see the bright side of every circumstance. This good energy also aids them in problem-solving. And having a good mindset encourages you to be more innovative, adaptable, and productive.

4. They Are Completely Engrossed In The Present

Did you know that we spend more than half of our time dwelling on the past or coming years? While reflecting on the past or dreaming about the future might be beneficial, focusing entirely on what is occurring right now generally yields greater outcomes. This also helps you feel better. Those who live more in the present are less worried.

5. They Are Articulate And Respectful In Their Communication

Communication is directly linked with emotional intelligence. Right communication is very important in managing the workplace. Make it clear what you anticipate from others, provide comments, and be receptive to receiving input. People that are emotionally intelligent also communicate with a high level of empathy for others.

6. They Concentrate On Solutions Rather Than Issues

Do you have coworkers or friends that come to you with their troubles all the time? Or those who are constantly complaining about others, their jobs, their partners, and the world in general. If you keep going in the wrong direction, you won’t get very far. Those who place a greater emphasis on alternatives, opportunities, and resources are more likely to succeed and overcome hurdles.

7. They Take Pride In Their Own Accomplishments As Well As Those Of Others

Emotionally intelligent individuals are thankful for any achievement, no matter how minor, and celebrate it. It boosts your self-esteem significantly. They also encourage others and are genuinely pleased with their achievements. They understand that in order to achieve anything, you frequently have to give credit to others.

8. They Focus On Personal Growth

Entrepreneurs or managers read a lot of books, are genuinely curious about what others are doing, are open to new ideas and possibilities, and are always striving to develop themselves. Self-investment improves self-esteem and confidence. Whatever you give attention to expands!

9. They Provide Support To Employees

You have to do things to show that they have your support. When you see something that you could support your employees with, do your best to help them. Remove obstacles, provide extra resources or give employees time off to handle personal belongings. In this way relationships with employees get stronger and a positive environment is set up at the workplace.

10. They Listen And Ask Questions

You need to get to know your employees. This may be done by effective communication and questioning. It is your job as a manager to develop emotional intelligence by finding out what motivates each of your employees. Let your employees speak and figure out what best motivates your employee.

Bottom Line 

Emotional intelligence is the most reliable assessment of job success and the most powerful driver of leadership and personal achievement. Emotional intelligence is no doubt the key to success as a manager in today’s workplaces. And as we improve our capacity to use emotional intelligence effectively, we will improve our ability to form more strong and trustworthy business connections. It requires more work for managers to lead with EQ, but noticeable results such as increased productivity, greater employee engagement, and lower staff turnover give you a reward for your efforts.

What Is The Future Of Work

The future of work is now! The changes in the sphere of work have already started shifting. Even though opinions may differ, tech-savvy and business leaders acknowledge that changes will be driven by technology. 

In the future, a new world may emerge where human resources function will be replaced by automation and outsourcing, a world where even skillful workers can have tough competition. It will change the whole idea of work and give it a new meaning. Our past has given us a lesson that change can come from unexpected places. 

Now, will this technology intensify job inequality or bring in the utopia of work and societies is unknown because it is impossible to know entirely what the future holds. However, the change does not need to be scary. We hope it creates equal, profitable work opportunities. The main focus should be on how to prepare yourself for the future.

1. Workforces of Future: 4 Different Scenarios

Four possible scenarios that shape the future of work according to PwC are the red, blue, yellow, and green world. These extreme examples of what work can be like in 2030 are envisioned on the basis of how people and organizations behave, on one axis, to the impact of collectivism and individualism, and homogenization and separation on the other. 

Here we will see what these words mean and what are the things that we should know about future jobs and some examples of emerging future professions and skills. 

The Red World- Where Ideas Rule

In this scenario, by PwC those with innovative ideas and profit makers will flourish with help of digital platforms. Less human resource teams will be present as other services will be automated. There may be fewer benefits like pension, health benefits for the workers. There will be a demand for strong workers only.

The Blue World- Where Organisation is the Ruler

Corporate or organizations in this scenario will grow to the point they may become stronger and bigger than the national economy. The human limits may be tested, and efforts maximized to their limits in the workplace. Only talented and updated skilled workers may survive, while others may be cast aside by corporations.

The Green World- Where Humans Do Matter

In this world, competition is intense, but financial rewards are still crucial. The strong ethics in this scenario focus and emphasize human rights, diversity, and people’s lives. Corporates, however, expect their employees to reflect their value at work.

The Yellow World- Where Humans are Most Valuable 

In this scenario, the workers may find flexibility working for organizations with high ethical codes. Also, they will have a loyalty to other people with similar skills and talents. It may result in forming a guild that will protect, support, and connect workers. On the other hand, organizations and workers will have respect for each other. As customers may resist automation, the companies will rely on human-driven work rather than machines. In short, as the author of PwC describes, “humanness is highly valued”.

2. Emerging and Declining Jobs

According to the Future of job survey 2020 version, many jobs can become redundant while some new ones will emerge. They also estimated that by 2025, about 85 million jobs will likely be superseded by the change in the cleaving of labor between machinery and humans. On the other hand, about 97 million roles may emerge. 

Top leading positions in increasing demand are Data analyst and scientist, AI and machine learning specialist, big data specialist, digital marketing and strategy specialist, process automation specialist, business development specialist, information security analyst, app developer, and project managers. 

At the opposite end of the scale, which may become redundant by 2025 is data editors, accountants and auditors, material recording and stock-keeping clerks, accounting bookkeeping and payroll clerks, financial analyst, human resources specialist. 

3. In-Demand Skills

Here are the skills that will be in demand which will help land and secure occupation in the future: 

  • Cognitive abilities- Abilities like critical thinking, writing, literacy, and quantitative analytical skills will be very in demand. These abilities will be noteworthy to employers and will be of importance for workers as these will help in landing a secure job in the future.
  • Social and emotional skills- empathy, communication, adaptability, and intentional learning will be most sought after emotional and social skills in the future.
  • Technical knowledge- having skills of IT, data analysis and some other technological abilities will be demanded in future as the jobs are connecting with technology more and more.

Some of the talks about the world and redundancy or emergence of jobs may sound whimsical, but any of these or even a combination of them is possible. Who gets to benefit from these scenarios depends on considering and careful planning of staying competitive, keeping and motivating people, and upgrading your skills. We may not know all the answers to the future, but one can face the future of work by taking aforementioned steps and being confident.