Before you start working with your skilled and promising bunch of employees, you need to lay down the company policies in writing. This is important not only because you want to keep your employees aligned with your organizational values, but also because such written policies can shield your rights in case a hostile employee turns on you with false allegations. Company policies communicate how your employees are expected to behave and the consequences in case they do not adhere to the policies. But unfortunately, company policies are, many-a-time, the last thing on the minds of business owners and amid the heaps of tasks required for providing momentum to the business and keeping it up and running, the criticality of company policies is often forgotten. Every business is vulnerable to many risks and as you begin to expand your horizons, working with more clients and employees, the number of risk factors goes up. Minimizing such risks and the liabilities that come along is imperative and so is keeping everyone in the company on the same page. And, this can be achieved effectively through well-written company policies. Formulating effective policies and developing and maintaining the employee handbook can be a tricky job, on top of being a tedious one, but there are plenty of templates available which you can refine and use to suit your requirements.
The competition in the market is cut-throat and winning the top talent for your organization is increasingly becoming difficult. Also, the market demands and needs are continuously changing and talented candidates have become the greatest assets a company can have. The era where the recruiters used to post job descriptions hoping that good candidates would gravitate towards them to fill the positions automatically is long gone. Today, candidates have multiple offers in hand from which they can conveniently select the organization that they want to work for. This has brought a significant change in the talent acquisition space where recruiters, now, need to actively pursue candidates to hire the best talents for organizations. Also, the trends and methods of talent acquisition are changing and companies are incorporating some really advanced technologies to perfect their processes, making things even more difficult for companies stuck with outdated practices.
You got a billion dollar business idea and to turn it into reality you need a team, a website, an office space, some equipment and enough cash to pay for them. But no matter how promising your idea is, arranging funds for your business always remains the hardest part. For most of the entrepreneurs, investing personal savings is never enough and their business requires some more funding to survive the difficult early days. A recent study revealed that more than 94% of startups fail during the first years of operation and lack of funding remains the most common reason. To take your business from ideation to revenue generation funds act as the most important fuel and at every stage the entrepreneur needs to think how they are going to arrange finance. However, you don’t have to worry though, because even if getting funds is a tough job, there are a number of options and strategies that can pave your way. Also, these days, the support for small business owners is growing, with new funding options opening up to back the business ideas with stable investment.
Gone are the days when majority of office spaces had rows of cubicles, with each cubicle securing a personal space for employees. Today, open plan offices are more common where employees have shared spaces. Over years, there have been extensive debates around personal and shared spaces in offices. Advocates of open plan offices suggest that such designs create a positive and collaborative work environment and promote creativity and innovation. However, others suggest that open plan offices increase distractions, reduce productivity and increase sick leaves taken by employees. Workspace designs have a strong impact on employee productivity as well as wellbeing and organizations are actually making efforts to maximize these. Although there are some downsides of working in an open plan office, the benefits are so prominent that more and more organizations are opting for open floors plans. However, one important thing to remember is that even if you choose to have an open space plan for your office, your design should be optimal or else the downsides would outweigh the benefits.