Retaining employee morale is a struggle point for many employers right now. The Society for Human Resource Management states that 65% of employers find maintaining employee morale during COVID-19 to be a problem.
It’s not surprising that decreased productivity and disengagement are the result of our current working conditions: working from home, often feeling isolated and anxious about COVID19, having to parent children while focusing on work tasks, unable to make meaningful connections with your coworkers virtually, and feeling burned out with limited outlets to relieve stress.
We have all heard the statistics before and know that happy employees make for a successful business. Disengaged workers can cost anywhere between $483-605 billion… Learn More
In October 2018, Canada approved to legally regulate cannabis for recreational use, making it the first major G7 economy to do so. The Cannabis production industry has proved to be the fastest growing market in Canada. According to IBISWorld estimates, the industry revenue increased by an annualized 116.3% from 2015 to 2020, earning an anticipated $3.5 billion this year.
The cannabis industry offers many opportunities for career advancement but yet many candidates still think of it as stigmatic and are guided by common misconceptions.
Here’s our list of top 3 myths, dispelled:
1. Cannabis employers will hire anybody.
Wrong. Employers look for candidates with passion, skills and, yes, experience. Because… Learn More
From significant cost savings to increased employee engagement and productivity, working remotely, this new normal of employment, is definitely becoming a growing business necessity. However, for some employees, the ease of working from anywhere and anytime can backfire leading to stress and burnout. According to Monster’s “State of Candidate” survey, nearly half of the telecommuting respondents stated that they are experiencing burnout. Additionally, 52% of those polled claimed that they do not have plans to take vacation or time off.
Remote employees have different challenges than in-office workers. Some might not be able to strike the right balance between their personal and professional lives, while some might find themselves working longer hours… Learn More
The number of contract workers in Canada increased by 50 per cent in the last 20 years – growing at a faster rate than the number of permanent opportunities – according to Statistics Canada. As per the Labour Force Survey, 1.4 million people worked temporary jobs in 1998, whereas in 2018, 2.1 million workers were engaged in temp and freelance roles. Contract employment involves hiring an employee for a pre-determined period of time. This type of employment is ideal for candidates that seek work-life balance and to those who are looking to add another feather to their resume while hunting for a full-time opportunity. The… Learn More
Life-long learning is no longer an aspiration of select few but a widespread necessity of our fast-paced, technology driven, ever-changing economies, no matter what industry you work in. Employees that cultivate a growth mindset are more likely to succeed professionally and attain those coveted leadership roles. The good news is that professional development is easy to achieve with the digitization of information. Anyone can now go on the internet and learn something new in minutes.
According to a 2019 study conducted by IBM, as many as 120 million workers in the world’s 12 largest economies may need upskilling in the next three years as a result of AI. While some skills will… Learn More
Currently almost 40% of Canadian employees are working remotely due the COVID19 outbreak. If given a choice, 80% of employees would prefer to continue working from home at least some days of the week, according to Global Workplace Analytics. Employees consider remote work as their ideal work scenario because it leads to greater work-life balance and increases productivity levels. But managing a remote team is not always easy. Managers struggle with feeling of decreased control over their team, monitoring challenges, and problem solving.
Here are some tips to help leaders become better remote workforce managers:
1. Communicate Frequently:… Learn More
In 2018, nearly 70 per cent of Canadians said they would prefer a compressed four-day work week, rather than a five-day work week, according to an Angus Reid poll. Not much has changed since then. Many leaders, in fact, are now weighing the opportunity of utilizing a compressed work structure to rebuild the current economy.
We surveyed our LinkedIn audience about the benefits of a four-day work week, and the results were not surprising. 54 per cent of the respondents claimed that it would bring in greater work-life balance, while 34 percent suggested that it would increase productivity.
So here’s the big… Learn More
Remote work is reshaping the future of employment, inclusive of finance roles. According to LinkedIn’s Workplace Confidence Index, 83 percent of Finance professionals claim that they can be individually effective when working remotely while 82 percent felt the entire industry could be remotely effective. Which is not surprising considering that many finance tasks do not require frequent interaction between people. Are virtual accounting teams then the way of the future? Maybe so. Companies shouldn’t dismiss the idea.
We put together a list of pros and cons for employing a virtual finance and accounting team, to help get the conversation started: