Why Your Management Personnel Need Financial Literacy

A greater sense of financial openness and transparency can transform company culture for the better in tough times.

An executive presents data to colleagues.

Sharing financial knowledge widely is especially important in uncertain times.

Leading a business in a difficult economic environment brings a unique set of challenges. With the pandemic-wrought recession now facing the world, your company may be facing both internal and external uncertainty. One of the most essential elements to survive such a time is to have internal trust and unity between managers of various departments. To inspire this sense of camaraderie, you can focus on building financial literacy and transparency among team leaders.

Financial matters aren’t just for the finance department. The monetary health of a company is relevant to every employee, as the current and future prospects of a business depend on this performance. While it may at first be tempting to share very little information about finances in precarious times, taking the opposite approach and embracing openness is likely the better move. After all, it’s difficult to build a positive and unified company culture when employees feel they are being kept in the dark. Continue reading

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Safeguard Your Workforce with Health and Safety Training as You Return To Work

What are the short- and long-term benefits of investing in training to prevent the spread of COVID-19 in the workplace?

Workers wearing respiratory masks in the office.

What is the impact of employee safety training?

Opening a business again after closure related to the COVID-19 pandemic is an interesting time. You’re eager to get your team back to doing their jobs and to start building your profits back up again. However, these efforts can fall apart quickly if the infectious disease spreads through your workforce. Any return to work must come along with an increased focus on safety and the prevention of spreading COVID-19, specifically, and diseases, in general.

Rather than being vague or informal with your employee education, you can invest in training modules designed to keep workers safe. Some of these have been developed in recent months specifically about COVID-19, ensuring you have the right information to spread among your team. Meeting officials’ suggestions for stopping the spread is challenging but important, and training content can help your employees reach this goal. Continue reading

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Teach Employees the Legal Do’s and Don’ts of Social Media, Text and Email

What does it take to keep business communication effective and compliant?

An employee works remotely with papers and a laptop.

What should employees know about digital communication?

Today’s workplace communication technologies are heavily weighted toward digital mediums. Even before employees around the world were forced into remote working methods by the spread of the COVID-19 pandemic, social media, text and email were ubiquitous for business conversations. Now, with fewer in-person interactions than ever before, information of all kinds is passing through digital communication channels.

Whether your employees are reaching out to customers and prospects, talking among themselves or filing official records meant for retention in the archives, they are likely using digital communications. Text programs such as Slack and Microsoft Teams are leading platforms, but simple SMS messages and Google Hangouts are also commonly used across industries. Email has been around for decades now, but has added complexities based on the sensitivity of information being sent. Social media platforms are diverse and ever-evolving and come with their own privacy policies.

Taking some time to educate your employees on the best practices and legal requirements behind all these communication methods is a worthwhile use of time. Considering just how much business is being conducted over digital channels, it’s clear your team members will make use of the facts they learn in these courses. Continue reading

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Get Time Management Training for the Decentralized Workforce

Time management is important for remote workers and training can impart this skill.

An employee works on a laptop.

Time management is a key skill for newly remote employees.

Companies that transitioned into work-from-home models due to the global COVID-19 pandemic have quickly come to understand both the opportunities and the challenges of having a remote workforce. One of the main differences between working from home and coming into the office is the long unstructured and unobserved hours employees will spend in their own houses. If they use this time effectively, they can be just as productive as a centralized team. However, that level of time management is not a sure thing.

While it may be tempting to assume that a good sense for time and how to spend it is something innate – either people have it or they don’t – it is a skill that can be imparted through training. Just as it’s possible for employees to contribute valuable work from their homes, you can assign them online, video-based coursework they can take on a schedule that suits them, building essential skills such as the ability to spend time productively, even when there is no boss on hand to check on them. Continue reading

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Teach Remote Workers to Excel at Digital Communications

Many employees are working remotely today – how can you help your team communicate well in this new environment?

An employee uses three devices.

How can you help employees communicate when they’re working from home?

If your company is one of the many embracing a remote work model to keep its operations running during the novel coronavirus pandemic, your team members may be unfamiliar with the best practices for working from home. For people used to going into an office everyday and working eight hours, going entirely remote can represent a major change. Management should be there every step of the way, giving these personnel the skills and support they need to succeed in this new business landscape.

Even if your organization has possessed work-from-home capabilities for years, a refresher on the basics of this model can be a worthwhile investment. For instance, your employees may be missing one of the most vital skills regarding remote work: the ability to communicate effectively when face-to-face contact isn’t possible. Training in digital communications can improve remote workforce effectiveness, both in terms of interacting with coworkers and reaching out to clients and partners. Furthermore, this skill will always be relevant to effective business practices, even in times when in-person work can resume. Continue reading

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