4 Ways to Change Your Business Focus Before Next Year

Many things have changed for businesses over the past three years or so, with the environment becoming more hectic than ever.

The imposing solutions that have been aggressively pushing forward cannot be ignored anymore, and there are also employment trends to consider.

Simply put, the focus has moved on, struggling to embrace the new reality that has uncovered some major weaknesses in the existing business models that are rapidly becoming outdated.

Let’s take a look at how businesses can jump on the bandwagon of the torrent that cannot be stopped anymore.

Consider Implementing the Gig Economy

The gig economy is one of the imposing solutions mentioned above, and likely the very one that tops the list.

Ever since the latest pandemic struck, the frontline employee crisis has become more and more evident, to consider just the most obvious issue. To begin with, the globalized economy has been forcing many people initially employed in production and manufacturing to switch to customer-related roles — meaning, there were many unsatisfied employees, to begin with.

With more and more people having familiarized themselves with remote work — thanks to the COVID pandemic — many of these people have been turning to the gig economy for better job roles and more freedom.

Specifically, digital nomadism is becoming more appealing by the minute to people literally everywhere. Businesses hoping to retain a loyal workforce mustn’t ignore this trend that is already unstoppable and irreversible.

With many a country now offering a special visa for digital nomads, unsatisfied employees’ perspectives have changed.

That is to say — any business that means business should take into account their employees’ specific circumstances and offer different work models and contract options.

First of all, digital nomads often run their own businesses (usually for tax purposes) so forcing them to accept the contract type that prevents them from enjoying their freedom will only result in businesses losing their chance to attract talent.

Next on, offering flexible work models (remote work, for example) and flexible work schedules is also necessary.

In a sense, the main focus should be on these two points, neither of which should be too difficult to implement because all systems are adapting their practices to cash in on the trend (e.g., virtual credit cards, payment methods specifically designed for freelancers, etc.).

Look Into Hiring Integrators

Of course, just offering remote work and different contract types won’t make a business successful per se. Large businesses, in particular, need to find suitable solutions to align their operations across the board.

The most efficient way to do this is to hire integrators, who will take care of this difficult process.

The term “integrator” was coined by Gino Wickman in his best-selling business books Traction and Rocketfuel. You typically learn about integrators when implementing the Entrepreneurial Operating System (EOS) as a management practice for your company.

“An Integrator is a person who is the tie-breaker for the leadership team, is the glue for the organization, holds everything together, beats the drum (provides cadence), is accountable for the P&L results, executes the business plan, holds the Leadership Team accountable, and is the steady force in the organization.” (EOS Worldwide).

Plus, every business implementing the EOS management system really needs an integrator.

Develop New Onboarding Procedures

Flawless onboarding procedures are, so to speak, the starting point of all efforts. Onboarding is the first, critical stage to ensure that new hires (and transfer hires, where applicable) will perform successfully in their new roles from day one.

As a matter of fact, future employee performance is directly linked to the quality of the onboarding process.

Hence, don’t skip this step. Take your time devising the very best training plan.

An ideal onboarding checklist should take into account the following:

  • Detail job responsibilities, duties, schedules, and payment information to new hires to avoid negative experiences
  • Submit a job requisition document to managers in charge
  • Gather all the forms new employees need to fill out
  • Provide all devices and tools for new hires
  • Set up all necessary accounts and logins for new hires
  • Schedule orientation sessions early on

Offer Your Team the Right Tools

Last but not least, offering up-to-date tech is a must. If you thought that people looking for remote jobs are unfamiliar with the latest trends, think again!

Start with the simplest solutions that will make everyone’s life easier and move from there.

Pay particular attention to the tools that will help your business manage frontline workers, who have been critically neglected. Consider using a clocking in app, for starters.

To stay up to date with current management trends, consider the following:

  • IoT for asset management
  • Cloud-based software for remote work
  • Artificial intelligence for business automation
  • Inventory management software for supply chains

Key Takeaways

As you can see, much and more can be done to make your business both a happy and profitable place. There’s no real long-term progress when employees aren’t dedicated to their tasks, so keep in mind the tips mentioned above and experiment a bit until you find the best solutions.

Don’t shy away from anonymous employee feedback. After all, anonymity guarantees honesty, so listen to your employees’ needs and act accordingly.

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