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: