HR Tech news - Fintech News. Online news ✅ by @dTechValley https://www.fintechnews.org/techs/hrtech/ And Techs news of your sector Mon, 15 May 2023 06:15:58 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.3 Five Methods to Improve the Hiring Process at Your Company https://www.fintechnews.org/five-methods-to-improve-the-hiring-process-at-your-company/ https://www.fintechnews.org/five-methods-to-improve-the-hiring-process-at-your-company/#respond Mon, 15 May 2023 06:15:58 +0000 https://www.fintechnews.org/?p=29832 Finding good employees is such a huge part of running a business. If you don’t have hardworking and trustworthy workers, it can feel like you are doing everything on your own. You won’t be supported in the business and your vision will suffer. However, when you do have good employees, you will be relieved from […]

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Finding good employees is such a huge part of running a business. If you don’t have hardworking and trustworthy workers, it can feel like you are doing everything on your own. You won’t be supported in the business and your vision will suffer. However, when you do have good employees, you will be relieved from some of the stress and work you put in. Every business needs great workers. Below are five methods to help you improve the hiring process at your company.

Run Background Checks

A great way to find out if you are hiring trustworthy hard workers is to run a background check. You never know what someone has done in the past and how they may have lied on their resume. With background checks, you don’t just have access to any criminal background, but you will also be able to see their education, addresses, past names, and more. It becomes a lot easier to know who you are dealing with. Furthermore, you can run a bunch at the same time when you are hiring with bulk background checks. This diligence is necessary whenever you are hiring anyone.

Utilize Employee/Employer Match Sites

You should also do your best to utilize the career platforms and job listing sites that match employers with employees. These platforms usually have sophisticated algorithms that do a great job of matching employers in need with the right candidates. You shouldn’t wait for the perfect employee to come through your door, and you shouldn’t use just one career platform site. When you put in the effort to utilize these sites for their benefits, you will have more qualified and hard-working candidates applying to work at your company. It’s important to use all the resources and tools that you have.

Hire Remote Workers

One thing you should be comfortable with is hiring remote workers. Some of the best employees will want to work from home because they know what they are worth and what they can deliver. When you are okay with hiring remote workers, you broaden your horizons. You will have access to great candidates outside of your city. Technology can help smoothen out the process and manage a remote workforce. When it comes to hiring these days, it’s necessary to hire remote workers sometimes. You might want to keep everyone in the office, but it’s just not feasible these days.

Recruit Straight from College

A great benefit of modern business is that you often get to hire employees straight from college. A lot of positions at businesses don’t require a huge amount of experience. Not only will the college graduates have updated training, but you will also get to pay them a lot less than you would pay an experienced worker. Furthermore, when you hire college graduates you won’t have to rework their bad training. Instead, you will get them started exactly where you want them to be. Recent college graduates are a great option because they can grow with the company and are usually quite versatile.

Focus on Versatility

Lastly, another thing that will help your hiring process is focusing on versatility of skills. If someone can do more than one job, you should think about hiring them over someone who specializes in one. This is one of the best things you can do for a growing company like a start-up. When you have a worker that can perform one task before moving on to another, you will be able to create a team that can get the job done. You won’t have to hire new employees all the time because you will be training current workers to do new tasks.

When you are trying to improve your hiring process, it’s important to come at it from all angles. Whether you are trying your best to find long-term versatile employees straight from college or need experts that will work remotely, there are plenty of great employees who can help you create the team that you need.

It’s never easy to hire for any company, but it’s a lot harder when you are trying to grow. Large companies hire often and start-ups need to keep the overhead low, but if you put in the effort to find the right candidates you will have the chance to thrive with great hardworking people by your side.

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Phil Collins from EssayService Names 8 AI Tools All Schools Need to Adopt https://www.fintechnews.org/phil-collins-from-essayservice-names-8-ai-tools-all-schools-need-to-adopt/ https://www.fintechnews.org/phil-collins-from-essayservice-names-8-ai-tools-all-schools-need-to-adopt/#respond Mon, 13 Mar 2023 11:11:11 +0000 https://www.fintechnews.org/?p=28932 Every School Needs These 8 AI Tools Over time, artificial intelligence has played a massive role in marketing, promotions, healthcare, and even banking. So, it’s no surprise that it has also penetrated the educational sector. Schools need handy tools to make educational activities progress seamlessly. Even grammar-checking services have transitioned into using AI tools to […]

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Every School Needs These 8 AI Tools

Over time, artificial intelligence has played a massive role in marketing, promotions, healthcare, and even banking. So, it’s no surprise that it has also penetrated the educational sector.

Schools need handy tools to make educational activities progress seamlessly. Even grammar-checking services have transitioned into using AI tools to deliver quality papers, so why shouldn’t schools also jump on the opportunity?

Read this article to know the eight top AI tools every school needs and why.

1.   ChatGPT (Chat Generative Pre-trained Transformer)

The pressure in the academic space can be overwhelming sometimes, as there are frequent issues like tight learning schedules, assignments to submit, and tests. Instead of the conventional Google search, students and educators can use the ChatGPT AI to quickly find information without opening too many browser tabs.

Even though ChatGPT is revolutionary, it doesn’t mean you should use the software to do your assignments, as you risk submitting plagiarized copies. As a better alternative, give your work to professional essay writers from specialized academic writing services to provide you with quality papers that are free from plagiarism and conform to the instructions.

2.   Gradescope

Gradescope is an AI tool to help teachers grade their student’s assignments quickly. Not only does this AI help educators with its consistent grading methods, but it also provides thorough comments on the student’s answers.

Instead of trying to keep up with all student assignments, teachers can easily upload their student’s handwritten and typed terms and arrange constructive feedback. It’s also useful for multiple choice questions as it offers proper evaluations while reviewing student work, saving valuable resources like time and energy.

3.   Grammarly

This list of AI tools can only be complete by giving due honor to the Grammarly AI tool. Grammarly is one effective tool that businesses, educators, writers, and everyone interacting with written texts use.

Grammarly allows users easy proofreading to correct spelling, punctuation, and sentence construction errors. You can easily rephrase your sentences while being comprehensible and using a consistent tone in your paper.

In addition, it can help you identify plagiarism in essays while highlighting where to fix the proper in-text citations and corresponding references according to the referencing format. With a feature-packed AI, it’s no wonder the best paper writing services that do my homework for students use Grammarly to check their essays before making final submissions.

4.   Nuance’s Dragon Speech Recognition

Nuance’s Dragon Speech Recognition is another AI tool that every school needs. Instead of taking notes, teachers can easily express themselves and take notes quickly by speaking as they think.

Also, students who have issues with writing can quickly get notes in written format since all they need to do is talk, while the AI recognizes their voices and puts words into texts. In addition, the tool quickly picks up typos and corrects them.

The biggest perk of this AI tool is that after the process, the device can easily read back the texts for you to make corrections and adjustments as needed. All you need to do is give verbal instructions, and the AI tool can help teachers dictate lesson plans and exams while also commenting on assignments and providing feedback on worksheets.

5.   Cognii

Cognii is a virtual learning assistant AI tool for schools that can enable students and educators with quality solutions to the online educational community. With Cognii, everyone in the school environment can access an affordable AI that provides intelligent coaching and a customized and individualized deep-learning approach.

It also helps educators lessen the work of grading and provide in-depth assessment and feedback to students, thereby cutting down on grading time. In return, teachers better understand each student’s educational progress while providing customized lessons to increase their chances of better learning experiences.

6.   Ivy chatbot

For some time now, chatbots have been the ideal pedagogical aids, serving as virtual business representatives to provide customer support. But they are not only for businesses. The Ivy Chat AI is an excellent tool every school must adopt.

Ivy is a virtual AI for students that can help them answer FAQs, supply relevant course materials, drop individual feedback, recommend the best research paper writing services, and evaluate and assess students’ performance. This AI tool even syncs answers and adds them to its database effortlessly.

In addition, Ivy can quickly transfer questions to a professional through its live chat feature if the answer isn’t on its database.

7.   iScanner

iScanner is an AI tool that provides educators and students with different features to scan and edit PDFs. Its simple interface provides users with various features that enable them to take digital pictures of timetables, books, ID cards, and many more.

This AI is one of the best in the industry because its OCR technology allows students to review documents and make alterations without compromising quality. Also, users can easily highlight and annotate a document while studying.

8.   Otter Voice Meeting Notes

Otter Voice Meeting Notes is an AI tool that can help transcribe audio, whether recorded on the app or imported from local storage. The AI also recognizes voice prompts and transcribes them into texts.

One fantastic feature of the AI tool is that you can modify the texts and collaborate if needed. So, instead of typing notes in the classroom, instructors can easily use AI to convert speeches into brilliant texts you can share.

You can take images and have them appear alongside your transcripts while you play back the recording. It has a folder system that allows you to search for audio files. You can sync all changes to various apps like Google Calendar, Dropbox, and Microsoft Calendar & Contacts.

Conclusion

AI has come a long way in this technological era, and schools must learn to use its available tools. ChatGPT, Gradescope, Nuance’s Dragon Speech Recognition, Cognii, Ivy Chatbot, Grammarly, iScanner, and Otter Voice Meeting Notes are just some tools every school needs.

By incorporating all these tools into the school environment, there will be a smooth flow of academic activities that provide all parties with opportunities for better productivity.

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How can businesses improve their employees’ productivity with tech solutions https://www.fintechnews.org/how-can-businesses-improve-their-employees-productivity-with-tech-solutions/ https://www.fintechnews.org/how-can-businesses-improve-their-employees-productivity-with-tech-solutions/#respond Mon, 30 Jan 2023 13:01:40 +0000 https://www.fintechnews.org/?p=22685 It may not be surprising to hear that the majority of people are spending more time doing their work outside of the office. Whether it’s using a laptop while traveling, working from home on occasion, or participating in a conference call via Skype – we know remote work is becoming more and more common. What may […]

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It may not be surprising to hear that the majority of people are spending more time doing their work outside of the office. Whether it’s using a laptop while traveling, working from home on occasion, or participating in a conference call via Skype – we know remote work is becoming more and more common. What may surprise you is just how much this trend is impacting businesses. A study found that in 2016, 50% of the global workforce did some form of remote work. And that number is only going to continue to grow.
That’s why it’s important for businesses to consider implementing various types of tech solutions in order to improve their employees’ productivity. 

Tracking Software

One way businesses can improve their employees’ productivity is by installing workplace software that tracks employee productivity. This can include software that monitors how much time employees are spending on specific tasks, or software that records how many phone calls an employee has made in a day.  This type of software can help businesses identify areas where employees may need improvement and can help managers better manage their teams.

Employees Can Get Their own devices

In addition to using tracking software, businesses can also provide employees with their own devices to work from home. This can include laptops, tablets, or even smartphones.
By giving employees their own devices, businesses can save on the cost of providing a work computer and the employee is able to use the device for personal as well as work.
Technology has also made it easier for businesses to give employees laptops or tablets to work from home. This can be helpful for businesses whose employees are unable to come into the office due to childcare responsibilities, weather conditions, or other obligations.

Remote Meeting Tools

Another way businesses can improve their employees’ productivity is by using remote meeting tools. This can include software like Skype, Zoom, or GoToMeeting. Remote meeting tools allow employees to participate in meetings without having to be in the same room. This can be helpful for businesses who have employees in different locations, or for businesses who have employees who are unable to travel. Additionally, using remote meeting tools can save businesses money on travel costs.

Healthcare Plans

Technology can also be used to help manage and track employee productivity when it comes to healthcare. Employers can use technology to monitor whether employees are staying healthy and meeting their health goals. This can include using fitness trackers or apps that monitor blood pressure or glucose levels. When it comes to choosing the right healthcare plan for your employees, there are a few things you’ll want to keep in mind. The first is that not all healthcare plans are created equal. There are a variety of plans available, and each one has its own set of benefits and drawbacks. These differences can be seen between MMO and PPO plans more clearly. MMOs are less costly but also less flexible than PPOs. You’ll also want to consider your employees’ needs. What type of care do they require? Do they need to see a specialist? These are all questions you’ll want to ask when considering which type of healthcare plan is best for your business.

Monitoring 

Employers can use technology to monitor whether employees are taking sick days and to identify any trends, such as whether there is a flu outbreak. This information can help businesses take the necessary precautions, such as implementing workplace policies for hygiene or providing employees with cold medicine. Additionally, businesses can use this data to help them make decisions about hiring and firing. When it comes to managing employee productivity, businesses often have to make difficult decisions about hiring and firing. There are a few things businesses should consider when making these decisions. The first is that not all employees are created equal. Some employees are more productive than others, and businesses should be mindful of this when making decisions about who to keep on staff. Another thing businesses should consider is the cost of an employee. When deciding whether to fire an employee, businesses should weigh the cost of the employee against the benefits they are receiving from that employee.
When it comes to improving employee productivity, businesses have a number of different options. In addition to using tracking software and providing employees with their own devices, businesses can also use remote meeting tools and healthcare plans. By using technology to help manage and track employee productivity, businesses can improve their overall efficiency and bottom line. Technology makes it easier for businesses to implement various types of solutions that can improve their employees’ productivity. And when it comes to improving productivity, every little bit counts.

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How To Leverage Digital Signage To Improve Employee Morale And Connection https://www.fintechnews.org/how-to-leverage-digital-signage-to-improve-employee-morale-and-connection/ https://www.fintechnews.org/how-to-leverage-digital-signage-to-improve-employee-morale-and-connection/#respond Wed, 04 Jan 2023 18:37:04 +0000 https://www.fintechnews.org/?p=27779 Grab a digital sign, install Kitcast tv on your sign and your PC, and learn how to schedule content and send live messages through the system. Do this, and you can have working digital signs that allow you to communicate with your staff more easily. Do this, and you can set up networks with hundreds […]

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Grab a digital sign, install Kitcast tv on your sign and your PC, and learn how to schedule content and send live messages through the system. Do this, and you can have working digital signs that allow you to communicate with your staff more easily. Do this, and you can set up networks with hundreds of connected digital signs. Or, you can set up a single sign and place it somewhere prominent for your employees. Install your digital signs and you can start leveraging them to improve employee morale and connections.

Replacing the Email Newsletter

Put up a digital sign in places where staff congregate, such as the reception area where they punch in, and the canteen areas. On the screens, you display all the information that you would normally put into an email newsletter. You tell them about upcoming events, about their mandatory days off, about changes to the business and so forth. Instead of trying to force people to read the newsletters, you put the information on the digital signs and you email it to them. That way, people are more likely to talk about the information on the digital signs and there is less chance that people will miss valuable information.

Collaborating on Projects More Easily

Working with different teams can become tricky. As a collaborator, you have to stay on top of what other people are doing and what has been done. People need to stay updated, but it is annoying having to check different screens to see who has done what. Instead, you use digital signs and you display who has done what, who has green lit their finished project and who is still pending. That way, whenever your team looks up, whenever they get up to go to the bathroom, they can visually see who is doing what and the progress that the rest of the team is making.

Demonstrating KPIs to Employees

This was quite common in call centers and is now more common in live-chat centers. They have big boards on the walls that show things like call waiting times, people in the queue and so forth. Companies that are more interested in sales will have big digital signs showing which items need to be sold, and they explain which products, packages or policies to switch to when stocks are running low or high (depending on orders). Things like this happen in all sorts of firms, from indie computer developers to teams that are selling stocks and are told to change their focus when a certain stock is running out, running low, or is failing to produce good profits. 

Scheduling People More Transparently

Putting the rota on a board is not suitable for some companies, but it works very well in companies where small teams have to work together and share staff. Being able to see who is working and when they are working is very important in these situations. Plus, when you use digital signs, you can update the schedules in real time so that people are kept up to date on things like unplanned absences, temporary staff joining and so forth.

Jobs In Logistics

There are some companies that list time-sensitive information on their digital signs so that the various teams involved are kept up to date with what they should be doing at any one time. The best examples of this are with delivery and logistics companies. People get to see on the boards when certain deliveries are completed, when they are en-route, and when their deadlines are. This means that with a swift glance at the board, the team leaders can tell their group when they can take a quick break because perhaps a delivery is late and is not expected for another 20 minutes.

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Sales Training Program Checklist: 5 Must-Have Components https://www.fintechnews.org/sales-training-program-checklist-5-must-have-components/ https://www.fintechnews.org/sales-training-program-checklist-5-must-have-components/#respond Mon, 28 Nov 2022 11:06:04 +0000 https://www.fintechnews.org/?p=27189 Sales training is critical for both B2C and B2B businesses. Selecting the right sales training program can help make your employees more efficient, boost productivity, and improve the customer experience. This article will discuss five essential ingredients you must include on your sales training checklist. But first, let’s clear the basics.  What Precisely Is A […]

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Sales training is critical for both B2C and B2B businesses. Selecting the right sales training program can help make your employees more efficient, boost productivity, and improve the customer experience. This article will discuss five essential ingredients you must include on your sales training checklist.

But first, let’s clear the basics. 

What Precisely Is A Sales Training Program?

A sales training program equips sales representatives with information, knowledge, and current industry trends to help them perform their jobs well.

The primary goal of a remote sales training program is to improve the rep’s understanding of the company’s products/services to achieve the desired ROI and serve prospects better.

Effective, adequately planned, and well-implemented sales training programs also aim to improve the sales rep’s behavior, whether they are new or experienced. It teaches them the precise techniques they need to master to excel at selling the business’s products and services.

What if your representative spreads false information and dupers the prospect into purchasing a product they do not require? That is where sales training comes in – teaching ethical and correct selling techniques.

Checklist Of 5 Critical Elements For Your Sales Training Program

1. Assessment Of Essential Skills

To ensure that a sales training program is effective, it must cover essential sales skills. Effective programs help new hires to learn the necessary information and allow experienced sales representatives to freshen up their existing knowledge. 

When we talk about absolutely vital sales skills, we usually mean the ability to identify prospects, compose cold emails, write a report, create a proposal, work out a deal, keep in touch with clientele after a deal is closed, and so on. 

A good sales training program will assist you in determining which of your staff members already have these skill sets and at what level. It also allows you to decide whether or not you have assigned the appropriate people to the correct positions. Following that, it is much simpler to devise personalized training programs that best meet the training needs of each employee.

2. Product Training And Sales Processes

Your sales training course provides an excellent opportunity to share your preferred methods of reaching out to prospects, pitching a product, guiding clients through the sales cycle, upselling and cross-selling. 

Training employees on your company’s unique sales process is another item to check off your sales training checklist. If they have prior sales experience, they will most likely employ various techniques they already have, and your online training session can help add to their skills, making them more equipped with your organization’s way of work. 

The most efficient way to accomplish this is to use activities that mimic real-life experiences, for example, role-playing exercises.

Don’t overlook the importance of product knowledge in the sales process. Even if your sales representatives have perfected the art of persuasion, a sale will fall if they fail to answer product-related questions. Allow employees to dive into services as part of their training and learn about the features that differentiate you from the competition. It would be advantageous to provide them with a JIT (just-in-time) product information library that they could access whenever necessary.

3. Customer Experience

Customers are the backbone of your company. Your sales training program should focus on improving the customer experience throughout the sales process. Sales representatives must be able to guide customers through the sales funnel, identify different customer personas, and know which approach to take with each one.

Salespeople can practice empathy by putting themselves in their customers’ shoes through role-playing activities. 

Sales representatives must also exercise active listening during sales training, a skill that can influence the success of a sale. 

Salespeople are frequently so enthralled by their products that they talk over their customers. While it’s essential to have faith in what you’re trying to sell, it’s also critical to understand when to stop and listen.

4. Fundamental Sales Skills Training

Salespeople must be able to communicate and negotiate effectively. These abilities enable salespeople to develop relationships with customers, comprehend their needs, and negotiate sales contracts. This component of the sales training program will help new hires learn essential sales skills like how to make cold calls and send cold emails. Experienced sales professionals can also benefit from this component, as it will allow them to brush up on their skills from time to time to stay current.

5. Alignment Of Business And Training Objectives

Your sales training program will be incomplete without aligning your goals with that of business. Whatever you do in business, whether it’s a marketing strategy or a training program, you must always keep the end goal in mind. Don’t force your employees to sign up for a slew of training courses if they do not directly relate to their professional goals or your company objectives. 

Evaluating your employees’ skills and knowledge gaps, as well as your business objectives, ahead of time allows you to pick training programs that can add value to your business. Besides, the employees will be more driven to expand their skills and knowledge if they see how it affects their performance.

6. Team-Building Activities

Include group activities in the training program to help your newly recruited sales reps bond as a team as they learn the basics.

Training instructors should ideally mix up the group’s composition so that individuals can get to know most of their new coworkers.

While most sales training will be focused on business, consider including a fun social activity or outing now and then.

Conclusion

You may believe that the quality of the training materials solely determines the success of a sales training program. However, leadership is the factor that can either make or break it.

In reality, leadership is the factor that can make or break it. Good leaders with everything shared in this article will assist you in transforming your business. Employees tend to follow engaged and enthusiastic leaders. To train your personnel and add value to the organization, you should begin by selecting a management team to encourage others to grow.

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5 Benefits Of Relying On Contingent Workers https://www.fintechnews.org/5-benefits-of-relying-on-contingent-workers/ https://www.fintechnews.org/5-benefits-of-relying-on-contingent-workers/#respond Thu, 10 Nov 2022 13:45:31 +0000 https://www.fintechnews.org/?p=26870 Contingent workers are defined as experts who are employed on a per-project or temporary basis. The most common examples of contingent workers are freelancers, contractors, and consultants. Recently, more and more businesses are relying on contingent workforces due to the following valuable benefits these kinds of specialized workers have to offer enterprises in just about […]

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Contingent workers are defined as experts who are employed on a per-project or temporary basis. The most common examples of contingent workers are freelancers, contractors, and consultants.

Recently, more and more businesses are relying on contingent workforces due to the following valuable benefits these kinds of specialized workers have to offer enterprises in just about every industry.

Fill The Skill Gap

In today’s challenging market, businesses are finding it more tricky to identify employees with specialized skill sets. And training is not always an affordable option, especially for startups and smaller-scale companies.

Contingent workers can bridge this gap as businesses find it easier to acquire top talent without having to spend a small fortune on training.

Enhanced Flexibility

While many employees are branching off into freelance careers due to increased flexibility, this flexibility is not solely tangible to workers; businesses also benefit from boosted flexibility when relying on non-permanent employees.

Your business will be better able to respond to market demands without the lengthy delay that is typically associated with relying on full-time employees.

Faster Hiring Process

When hiring permanent employees, there’s a good chance employee will only start their job at the end of the month, after completing a notice period at their current place of employment. There are other reasons the hiring process can be slow when hiring full-time employees, such as a lengthy onboarding process.

On the other hand, when hiring contingent workers, these experts are often able to begin working the following day or substantially sooner than full-time employees; this is because contingent workers typically juggle a variety of contracts at the same time and have already made accommodations before they start applying for positions.

Assess Business Needs Routinely

Assessing your business needs routinely and making relevant adjustments when relying on a contingent workforce is substantially more straightforward. Because you will be paying these workers on a per-project basis, you won’t find your business going into debt if profits or customer numbers drop for any reason.

As a result, it’s often financially wise for businesses to consider freelancers, contractors, and consultants over permanent employees.

Increased Productivity

Lastly, because non-permanent workers are typically paid on a per-project basis, workflow commonly increases along with productivity. Your workforce will be a lot more motivated to meet their own income goals, and you’ll find that employee engagement increases as well.

Boosted productivity is beneficial for every business. So, if you’re currently battling to keep your employees motivated and on track with deadlines, consider making a switch to contingent workers.

Contingent workers also have a fresh perspective to offer your business, which is exceptionally valuable to your bottom line.

There are tons of benefits associated with hiring freelancers, consultants, or contractors for your business. But irrespective of your reason for restructuring your business this way, it’s essential to implement freelancer contracts and ensure your business is capable of welcoming this kind of workforce. With this, you’ll need to evaluate the specifics of switching to contingent workers before you make the change.

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Tech for Living and Working Remotely https://www.fintechnews.org/tech-for-living-and-working-remotely/ https://www.fintechnews.org/tech-for-living-and-working-remotely/#respond Wed, 28 Sep 2022 07:16:46 +0000 https://www.fintechnews.org/?p=26031 Many people love the idea of security and normalcy. That might mean having a set routine that they follow each day because it’s what makes them comfortable.  Meanwhile, others prefer being sporadic. They want to travel the world and have the ultimate freedom to choose how they want to spend their days with very little […]

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Many people love the idea of security and normalcy. That might mean having a set routine that they follow each day because it’s what makes them comfortable. 

Meanwhile, others prefer being sporadic. They want to travel the world and have the ultimate freedom to choose how they want to spend their days with very little desire to be tied down to one location. Living a nomadic lifestyle is not for everyone, but if this is what your heart desires, there are some things you need to keep in mind to make it work for you.

Your Credit Score Can Help You Get on the Road

Being a nomad puts you completely in charge of determining how you wish to live. Do you want to buy a minivan, cargo van, or some other type of #vanlife vehicle and travel around the southwestern United States, or do you have something else in mind? One of the biggest factors you’ll want to consider is where you plan on resting your head at the end of the day. Even if you have fair credit (“fair” typically means a 580 credit score up to 669), you might be able to obtain financing for a travel vehicle that would work best for you. 

Choosing a Vehicle

You’ll want to consider gas mileage, space, clearance (for boondocking), and maintenance costs. You’ll also need to figure out how you’re going to get wi-fi on the road, whether that means parking in town and using coffee shops and libraries, or getting a wi-fi extender and possibly even a Starlink system for more remote travel.

Since you’ll change locations often, you should have in mind what you plan to do during each stretch at your new location. There are apps available for those looking for short-term places to sleep, such as Nomadlist and Couchsurfing, that can help you. 

Video Conferencing 

Not staying in one place means you’ll have to find some type of remote work to fund your lifestyle. There are many options for working remotely, some catered specifically for a digital nomadic life, including a data analyst, product designer, QA tester, online English teacher, and SEO strategist. 

One of the best things you can do when working remotely is use video conferencing to help stay connected with people from work, your friends, and your family. This technology allows you to attend and conduct meetings from wherever you currently are, either from your laptop or even from your phone with high-resolution feeds. It’s a convenient way to share ideas, express feelings, and help stay motivated. 

Cloud Services

Cloud services are a must-have for anyone working remotely. These services provide a way to save important documents, photos, and videos via the web and not specifically on one device. This makes it possible to access these documents anywhere as long as you have an internet connection or some type of data, making it convenient and flexible. Cloud computing makes it possible to start on a project from your laptop and then switch to work more on it using just your phone with the data readily available to you. 

Work Station

Working remotely means you should have some sort of workstation established even if you don’t plan on sticking around for long. If you’re traveling in a vehicle such as a van or an RV, you may want to consider something small and portable, such as a lap desk, to help stay organized. 

You can also choose to work from a local coffee shop or public library; just remember to take frequent movement breaks. It may not always be possible to work using the most ergonomic equipment, but you should try to be as comfortable as possible when you’re working. 

Budgeting

While living a digital nomadic lifestyle is all about flexibility and freedom, you do want to focus on creating some type of budget. There are many things you’ll have to factor in, such as food, activities and hobbies, accommodation, visas, insurance, other travel-related costs, and business costs. You also want to put money aside for unexpected expenses such as replacing your laptop, repairing your vehicle, or a family emergency requiring you to fly.  

Nomadic lifestyles aren’t for everyone, but it’s a great option for those who would like to travel the world. There’s a lot of freedom involved, making it possible for you to travel to wherever your heart desires. 

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Tips on How to Deal With Your Employee Parking Issues https://www.fintechnews.org/tips-on-how-to-deal-with-your-employee-parking-issues/ https://www.fintechnews.org/tips-on-how-to-deal-with-your-employee-parking-issues/#respond Tue, 20 Sep 2022 05:10:07 +0000 https://www.fintechnews.org/?p=25816 As an employer, you want to make it as easy as possible for your employees to come and go from work. That’s why many businesses choose to give the employees parking spaces on site. However, having these spots is one thing but making sure they stay unoccupied during business hours is another. As much as […]

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As an employer, you want to make it as easy as possible for your employees to come and go from work. That’s why many businesses choose to give the employees parking spaces on site. However, having these spots is one thing but making sure they stay unoccupied during business hours is another.

As much as we love our staff members, they are human after all. There will be times when they have to leave the office at a different time than usual or have some errands that need running before coming back in again. 

Unfortunately as it might be, not all staff members can walk back and forth every day, especially if their commute isn’t exactly walking distance away. Infact, employees lose about five working days yearly looking for parking space. This article will provide you with helpful tips on how to deal with your employee parking issues so that your organization doesn’t have to face any problems later on.

Establish clear company parking policies

You know your company policies better than anyone, so make sure to use that knowledge to establish clear company parking policies for your employees. The more specific you are about where people are allowed to park their vehicles, the more effective these policies will be. 

For example, there are many different reasons your employees might have to park their vehicle on company property. Letting them know upfront what these reasons are will help your employees park their vehicle properly.

Install a license plate recognition system

A license plate recognition system is a camera that will automatically scan the license plates of the cars parked in the lot. It will then log the vehicles’ information onto a computer database. 

The system monitors who comes and goes as well as how long a vehicle has been parked in the specified area. This greatly helps you manage your parking lot and make sure that specific employees have designated parking spots.

It  also notifies you when someone has parked in an area where they shouldn’t. This system helps you enforce the parking rules and regulations that you have in place for your employees. It also helps you track down a specific vehicle if someone has broken a rule or committed a crime. You either use this information to charge a parking fee or to take further action against the individual.

Use parking tickets to manage spots

Another way to manage your parking spots is to use parking tickets. This can be used alongside your license plate recognition system or by itself. You can either put up signage in the lot where you want people to park or you can use a ticketing system. 

Your parking ticket system can be as simple as having a person write down a ticket every time they see someone who shouldn’t be parked in a particular spot. You can leave a ticket on the car’s windshield with a note explaining why you wrote it and where an individual can pay the fine.

Utilize employee escalation rooms

When you start to get more serious about managing your employee parking, you can move on to a more extreme method like employee escalation rooms. This is when you have one or more parking spots that are only used when an employee has broken a rule or regulation in the lot. 

In these specific spots, you have a sign that states what the employee did that warrants this consequence. You can have the rule listed on a computer screen that is visible to the employee when they are leaving the company and the employee parking lot. The computer login screen can also have instructions on how they can fix the situation and come back to a normal parking spot.

Establish a drop-off and pick-up zone

To prevent your main parking lot from becoming too crowded, you need to establish a drop-off and pick-up zone. This is when you designate a specific area on the side of your building as a place where people should be dropping off passengers and picking up company guests. 

Ideally, this area should be near your building but away from the main parking lot area. Once you have this in place, you can start to enforce the rule more strictly and make sure that visitors know where to go. 

You can also put up signage in the area that indicates where people should be dropping off and picking up. This will help improve the flow of traffic and help prevent your main parking lot from becoming too congested.

Offer shuttle services for employees

If you find that your employee parking lot is still too crowded even after implementing all of the above methods, you can offer shuttle services for your employees. This is when you have a person or group of people driving a car to pick up employees who live nearby and bring them to the company building. 

You offer shuttle services for people who live further away and want to park in a remote parking lot. This is a beneficial solution for many people. It also relieves some of the stress off of your main parking lot and helps make sure that no one is breaking any rules or regulations in the process. This is also a good way to keep track of who comes in and out of the company building.

Lay out designated parking spots for employees only

If you aren’t keen on implementing any of the above methods, you can always try laying out designated parking spots for your employees only. This is when you have certain spots in the parking lot that the company uses for their employees only. 

You make sure that these spots are far away from the main entrance and other areas where non-employees should be parking their vehicles. This helps to clear up your parking lot and make it less crowded. 

However, it might not be the best solution for every situation. For example, if you have a lot of employees who live close to the office, this might cause them frustration and inconvenience because they would have to walk farther to get to their car.

Add more employee parking spaces

If you think that you need even more space for employee parking, there are a lot of ways that you can go about doing that. For example, you can build an entirely new parking lot that is further away from your company building. 

Another option is to expand an existing parking lot by adding more spaces. You create a temporary parking lot that is built just for employees. This helps alleviate some of the parking issues that you might be facing. 

You can also take advantage of some of the other methods listed above while you are building or expanding your parking lot. For example, you can implement a drop-off and pick-up zone while you are building the parking lot and shuttle services while you are expanding your parking lot.

Encourage carpooling

Carpooling helps to reduce the amount of time it takes to get to and from work by allowing people who work in the same industry to work together. Some businesses use this type of business as a way to reduce their payroll costs.

The cost savings that carpooling can provide are substantial because it reduces the amount of time workers have to travel in order to get where they need to be. It is also easier for employees than having a car because they can just drive themselves to work in one car rather than coming to work with individual cars.

Use a one-way traffic system

A one-way traffic system is whereby cars flow in one direction of traffic while they flow in the other direction of traffic. It is a type of traffic control system where vehicles are allowed to move in one direction of their own accord but it must be done so that they keep their speed to a minimum. 

This type of system works well for parking lots because it does not allow drivers to get too much behind each other. The problem with this type of traffic control system is that it also can cause problems for parking lots that are already being built because the cars will slow down and cause congestion on the roads. 

However, if you use this type of system, you may not need to do any additional construction or maintenance on your parking lot since you will only be doing one thing: moving cars from one direction to another.

Summing up

Finding the right parking solution for your employees can help improve their morale and keep them happy and productive at work. Choosing a parking solution that works best for your employees also has a positive impact on your company’s overall operations and profitability.  

Parking solutions for your employees can include reserved spaces close to the building, reserved covered parking for higher-level employees, a shuttle service to and from the parking lot, or a valet service for employees who are likely to spend a significant amount of time in the parking lot.

Author bio: Cosmas Mwirigi

Cosmas alias Cosii-Riggz is a technology enthusiast and SAAS writer who helps clients understand products by explaining services for businesses. 

He has been featured in websites such as PV Magazine and Bitcoin Kenya. During his free time, he likes traveling to new places and exploring what’s new on the internet. Contact him on his LinkedIn page or email

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How To Develop A Successful Onboarding Program https://www.fintechnews.org/how-to-develop-a-successful-onboarding-program/ https://www.fintechnews.org/how-to-develop-a-successful-onboarding-program/#respond Tue, 13 Sep 2022 09:41:15 +0000 https://www.fintechnews.org/?p=25657 A healthy employment relationship acts as a robust foundation for any organization. An effective onboarding not only comprises a great first day at work, or a warm welcome letter but also a 90-day-long process of knowing and assisting the recruit in adapting to the new work culture.  Benefits of a healthy employee onboarding broadcast feature […]

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A healthy employment relationship acts as a robust foundation for any organization. An effective onboarding not only comprises a great first day at work, or a warm welcome letter but also a 90-day-long process of knowing and assisting the recruit in adapting to the new work culture. 

Benefits of a healthy employee onboarding broadcast feature like:

    1. Maximizes retention and loyalty: An effective and strategic employee onboarding software helps organizations improve their employee retention rate. This happens because new employees will not only get to know their teammates better from day one but also allow them to start performing well as soon as possible. This offers instant gratification. 
    2. Strengthening company culture: Provides a clear idea of the company’s vision, goals, and values, which in turn boosts the employee’s expected behavior and attitude towards the company resulting in a healthy Company culture.
    3. Nurture belonging and inclusion: A sense of belongingness boosts organizational performance. And hence, to achieve that, good onboarding is a necessity as it reduces stress and anxiety in recruits, providing them with a sense of comfort and belongingness in the new environment.
    4. Reinforces productivity and minimizes business risk: A boost in productivity can be witnessed by encouraging effective onboarding. Payroll forms, Company policies, and procedures serve as protection for both employees and the organization.  
    5. Reducing turnover: A successful onboarding program reduces turnover, resulting in long-term employee engagement. 

The process of recruitment and onboarding has changed over time because of the COVID-19 scenario. The now-applicable option of hybrid work though comfortable for the employees becomes hectic for the HR organization as they have to adapt to different ways of onboarding to make the entire process more engaging and work-friendly.

Here are a few suggested onboarding practices that are applicable irrespective of remote or in-person work culture: 

    1. Clear purpose: HR should possess a clear idea about the importance of a good onboarding and a mind map of what exactly she wants a recruit to experience.
    2. Minimize surprises: Informing a new hire about the dress code or what expectations are set for an employee working in a particular organization will help reduce the stress and anxiety of a new environment.  
    3. Be prepared: Preparing a new hire checklist, scheduling meetings as well as training sessions in advance, and also prepping their workstation, and other team members to help them feel at home on their first day at work are one of the many features of a good onboarding.
    4. Exercise patience: When a new hire joins a firm, it takes some time for them to get accustomed to the work style. In such cases, patience is the key. Walk them through the process once or twice as they will eventually get used to the work.
    5. Set a reasonable pace: Set small chunks of achievable goals and introduce the recruits to the bigger goals and vast information gradually to prevent skipping out on some important but minute detail. 
    6. Provide resources: Introduction of policy manuals and employee handbooks to the recruit will provide them with an assurance that they can rely upon in case they feel bewildered by the company lingo.

Some HR onboarding tips for remote work:

  1. Keep the process human: Better introductions are possible in face-to-face conversations. So, it is compulsory to arrange official video conferences and calls.
  2. Usage of snail mail:  If your company has a culture of gifting a new hire with a t-shirt, mug, etc. with the company’s name tag on it, consider doing the same for the remote recruit too, as it gives them a sense of belongingness.
  3. Stay in touch: Engage in conversations with your new hire in any possible or effective mode of communication. Be it using emails, instant messages, phone calls, video calls, etc.

Conclusion: Considering different methods of onboarding might seem a bit hectic but it is compulsory for reinforcing the company’s long-term work culture, vision, and goals. 

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Efma is now Qorus https://www.fintechnews.org/efma-is-now-qorus/ https://www.fintechnews.org/efma-is-now-qorus/#respond Tue, 28 Jun 2022 14:59:17 +0000 https://www.fintechnews.org/?p=24316   Efma announces major rebrand, changes name to Qorus    Efma, the global non-profit financial services association established in 1971, has unveiled a new name, new logo, and new purpose as part of an extensive rebranding initiative. Today, Efma is called Qorus (pronounced kaw-ruhs).  Efma has approached the half-century mark of its existence and undertaken […]

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Efma announces major rebrand, changes name to Qorus 

 

Efma, the global non-profit financial services association established in 1971, has unveiled a new name, new logo, and new purpose as part of an extensive rebranding initiative. Today, Efma is called Qorus (pronounced kaw-ruhs). 
Efma has approached the half-century mark of its existence and undertaken the most important transformation in its history – by completing an extensive rebranding effort. The rebranding was the response to accelerated change in the financial services world along with Efma´s reinvention – becoming more digitally focused. At its heart is a change of the association name to Qorus – with a new logo, identity, and website. By focusing on its strengths and what its members most value about its offer, Qorus has been able to define a bold new purpose: To be the catalyst for the reinvention of financial services. 
For over 50 years, we’ve been a cornerstone of the financial services industry,” explains John Berry, CEO of Qorus. “From the very beginning, our mission has been about bringing people and organizations together to learn and innovate. This authentic mission has not changed, but our operating environment has. We recognized that we needed to transform and reinvent our organization to ensure that we can, in turn, help our members to reinvent too.” 
Qorus aims to deliver a new experience for both its people and its members. The name change moves the organization away from being a perceived European association, to one focused on being truly global. It also reinforces its crucial focus on community — Qorus brings to mind a chorus, a group united by common goals. 
The all-new Qorus will be more dynamic and future-facing,” says Berry. “It will embrace a global audience whilst reenergizing its core strengths, which are around building the relationships that drive successful innovation.” 
Qorus will do this in a way that is more digitally focused, more community-led, and more global. To this end, it has updated its products and services to better meet the needs of both members and non-members. This includes a transformed website, more digital networking opportunities through a strengthened online community, more exclusive content, and modernized membership options. 
Ultimately, we are reinforcing our position as a neutral space for members to build the future of financial services, using our knowledge, match-making skills, and insights beyond the traditional world of financial services,” says Berry. “I’m thrilled about our transformation, and believe there’s an exciting future ahead.”   

 

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