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How to Boost Morale in the Workplace [22 Ways]
We have seen seismic shifts in workplace and workforce trends over the past few years due to technological advancements, changing demographics, and global events. Increasingly, businesses recognize employee engagement is a critical factor in their success. However, despite efforts to improve, Gallup reported that only about 32% of U.S. workers are actively engaged in their work in 2022, a statistic that is down from 36% just two years prior. This lack of engagement is not just an issue for the disengaged employees; it's a problem for their employers, too, that experience diminished efficiencies and productivity, reduced innovation, and higher employee turnover and recruitment challenges.
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18 Benefits of Working Close to Home
The new era of work is transforming how professionals and businesses work. Remote and hybrid work models are the norm rather than the exception for many today. Even though recent news highlights organizations that have started banning hybrid and remote work, these organizations appear to be the exception. A study published by The Conference Board shows that only 3% of organizations said they plan to eliminate remote or hybrid work, while 5% actually indicated they plan to expand it this year. One of the outcomes of remote or hybrid work is the ability for workers to work closer to home. Doing so enables them to harmonize their productivity, flexibility, and quality of life.
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20 Tips to Strategically Downsize Your Small Business
Navigating through the choppy economic waters of our times, small businesses grapple with significant challenges. From rising inflation and heightened competition to daunting supply chain issues, increased interest rates, and aggressive competitors, small businesses find themselves on a treacherous path. Where there is smoke, there is fire. For example, a study late last year by CNBC and SurveyMonkey found that 92% of small business owners are concerned about inflation; 45% of them cited inflation as their largest business risk. At the same time, nearly half of small businesses think the economy is in recession.
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