Workplace diversity is becoming more and more common today as organizations are focusing on hiring top talents irrespective of age, ethnicity, race or geography. It has also been found to be the reason of high productivity and success in an organization. Diverse employee base brings different experiences, perspectives and skills to the organization which, in turn, brings innovation and creativity to work. However, workplace diversity also brings in some unique challenges which, if not handled properly, can lead to major organizational issues. Different views and outlooks can, sometimes, result in conflicts and chaos. Therefore, to take the maximum advantage of workplace diversity and minimize its shortcomings, it’s important for organizations to adopt a strategic approach to handling employees.
Research suggests that the number of people stressed at work is getting higher with passing time. CDC’s National Institute of Occupational Safety and Health has recently reported that about 29 to 40 percent of Americans are “extremely stressed at work”. However, be it any industry or any job profile stress management has become a common issue. And, it has a significant impact on health and may lead to a range of disorders, some of which could be serious. Also, it can interfere with your work efficiency and productivity. There are a number of reasons which lead to stress at work like customer pressure, co-worker relations, work environment and others. No matter what your ambitions or working conditions are, it’s important to understand the source of your stress at work and to deal with it in the right manner to live a healthy professional as well as personal life.
The world of technology is evolving at a fast pace and over the last decade many new technologies have emerged and strengthened their position in the cryptocurrency market. However, along with new and innovative technologies, the industries are also encountering new challenges before they can reap the benefits which these technologies promise. One of the best examples of this is cryptocurrency which promises to bring innovation to diverse fields. Cryptocurrencies such as Ethereum and Bitcoin have, in a short span of time, gained much popularity and people are trying to explore the technologies more. The influx of people into this market is so high that the cryptocurrency exchanges periodically disable the account creation feature. The average trading volume of the market, on daily basis, has been estimated to be trillions of dollars.
Undoubtedly, big data analytics has the potential to revolutionize the healthcare industry but it also comes with its own unique challenges. The industry is still coping with collecting large amounts of data, converting them into electronic health records (EHR) and deducing meaningful insights from them. Integrating these data-driven insights into operational procedures can help healthcare organizations reap great many benefits. Advantages of big data analytics include higher patient and staff satisfaction rates, lower costs, healthier patients and many more. However, achieving this isn’t as easy as it sounds. Big data analytics is a complex process that requires collection, sorting, analyzing and presentation of data and all of this must be in compliance with the regulations. Let’s have a look at the top challenges which the healthcare organizations face while implementing an effective big data analytics program.
Employee wellness program is a growing trend these days. Organizations are realizing the fact that healthy employees are more efficient and productive and, thus, designing an effective employee wellness program is essential. However, even if the organizations are aiming the right thing, not many have the right knowledge and experience to implement a successful program. Often the employee wellness programs look good on paper – organized, streamlined and calculated – but not all succeed practically. Switching to a healthy lifestyle isn’t easy and employees often do not consider such ideas of change. For an employer it’s a challenging task to truly influence the lifestyle and behavior of employees in a way that it changes them for good.
As the businesses are growing more and more quality and cost conscious, they are inclining more towards a strategic procedure called outsourcing. Outsourcing is basically the practice of contracting with another business for handling certain business tasks instead of hiring an employee in the workplace. Outsourcing, when done correctly, helps businesses save money, maintain their competitive edge and grow. The practice is very common in small businesses which routinely outsource their payroll procedures. However, many organizations do not actually understand all the benefits of outsourcing. It does save money but that’s not the only great part of it. Let’s have a look at the benefits of outsourcing in business:
A number of business owners make the terrible mistake of thinking that petty cash is insignificant and doesn’t need much of management. Petty cash is the small amount of cash that is spent on small company expenses like daily coffee runs, staff birthday celebrations, postage costs etc. However, just because petty cash doesn’t constitute a huge amount of money, doesn’t mean that it’s not important to track and manage it. All the little company expenses add up to make a pretty good amount. And, when properly managed, petty cash helps you keep an accurate record of all the finances of your company.
The healthcare industry of the United States is facing a major issue – the opioid crisis. Opioid abuse is now a growing public health concern that is resulting in many opioid related deaths. Over the past decade, hospitals have also noted a prominent rise in the opioid-related visits. The epidemic is evident across multiple delivery points and the industry is still struggling to find an effective solution. The current scenario calls for quick implementation of the right strategies in association with improved health plans. Studies suggest that Pharmacy Benefit Managers (PBMs) and latest health plans are increasingly attempting to leverage data driven and evidence based approaches to change the behavioral patterns of patients. The healthcare industry is also counting on advancing technologies for support to control the opioid epidemic. Curbing opioid crisis needs a collaborated effort of all the sections of the healthcare industry including the government and various communities. However, healthcare leaders are also thinking of ways to address the issue in their respective organizations for immediate effect.
There could be a lot of reasons that de-motivate a perfectly enthusiastic team. Rumors of a shut down, mass layoffs, lack of appreciation and losing a key team member are just some of the many reasons that can lower the morale and performance of your team. Regardless of the industry, de-motivated team can be found in any workplace. And, it’s critical to address the issue because such employees not only become less productive but also affect the morale and productivity of other team members. And remember, de-motivated employees always underperform and are ready to leave the organization at the very first opportunity. However, the good news is that you don’t have to find replacements for your de-motivated employees or team, at least not till you try some remedies. There are techniques and strategies to reboot your team and motivate it to become, once again, dynamic and enthusiastic.
There are a number of reasons which make worker classification an important concern for businesses. To properly take care of the subjects like employment laws, taxes and employment benefits, it’s important that those working for you are categorized in the proper manner. New trends are emerging in the economy along with the growing demand for freelance contractors. These days, several businesses prefer hiring independent contractors for performing jobs that were previously performed by full-time employees. A recent survey suggests that in the United States, one in three workers is considered an independent worker. Being a business owner, it’s important for you to determine whether a worker is a full-time employee or an independent contractor with the help of the classification criteria provided by the state and federal regulatory bodies. Understanding the classification also helps you make better staffing decision by understanding whether you should hire a full time employee or an independent contractor. Not classifying your workers correctly can cost your organization dearly.