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Tag: Work-Life Balance

  • How AI is Helping Society Break Free From The 9-to-5 Mold | Entrepreneur

    How AI is Helping Society Break Free From The 9-to-5 Mold | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    As someone who is a huge tech enthusiast, I have been privileged to witness the continuous evolution of technology throughout my career. From groundbreaking innovations like the iPhone to cutting-edge advancements like 5G, the pace at which our world changes never ceases to amaze me. However, amidst this ever-changing landscape, one particular technology has captured my attention and sparked my curiosity: generative artificial intelligence (AI).

    Generative AI, at its core, is a remarkable fusion of human ingenuity and machine learning. Its capacity to go beyond our preconceived limits and generate, imagine and produce is truly awe-inspiring. As someone who has always been captivated by the transformative potential of AI in various industries, encountering generative AI took my fascination to an entirely new level.

    When I first witnessed the capabilities of generative AI, I was left in awe. It’s almost as if the AI possesses its own inherent creative instincts, blurring the boundaries between the realms of human imagination and machine intelligence. While the notion of machines creating art, music, or writing that can rival human creativity might appear daunting to some, with fears of the automation apocalypse rampant, I think otherwise.

    In the 2023 edition of its annual Future of Jobs Report, the World Economic Forum reports that out of the 803 businesses that it surveyed from around the world, 25% believe that the integration of AI tech will lead to job losses, while 50% believe that it will create job growth. AI can only replace humans if you think it will and stop progressing and upskilling alongside it.

    The potential for AI to push the boundaries of what we thought was possible is truly inspiring, and that can be illustrated in the way that it can reimagine the 9-to-5 workday.

    Related: Why Are So Many Companies Afraid of Generative AI?

    Reimagining the 9-to-5 workday

    The traditional 9-to-5 work schedule has long been the standard in the corporate world, but with the rapid advancements in artificial intelligence (AI), the concept of “clocking in” and “clocking out” is undergoing a profound transformation. AI technologies are revolutionizing work, allowing flexibility, personalized schedules and reimagining the traditional workday.

    Every position within every organization holds the potential for reinvention. Accenture conducted a manual assessment of 200 language-related tasks to gauge the impact of generative AI. The aim was to identify which tasks were more likely to be automated or augmented through AI. The results showed that generative AI is projected to influence approximately 40% of individuals’ working hours.

    In this article, we will explore how AI is reshaping the 9-to-5 paradigm and empowering individuals to “flex out” of rigid work schedules

    Related: How ChatGPT and Generative AI Can Transform the Way You Run Your Business

    Embracing flexibility

    Within any given role, generative AI will help automate certain tasks while others will be assisted, freeing up individuals to focus on more meaningful endeavors. Rather than being bound by inflexible schedules, workers now have the chance to embrace flexible work setups that cater to their personal preferences and productivity patterns. Companies can optimize workflows, automate repetitive tasks and streamline processes, increasing employee flexibility.

    Additionally, there will be tasks that remain unaffected by the technology. The advent of generative AI will also usher in many new responsibilities for human workers, such as ensuring the responsible and accurate utilization of new AI-powered systems. This contributes to creating new job roles like AI system managers, AI ethics experts and prompt engineers.

    The rise of remote work

    AI has also played a crucial role in facilitating the surge of remote work, granting individuals the freedom to work from any corner of the globe. The advancements in communication and collaboration technologies, combined with AI-driven virtual meeting platforms, have simplified the process of remote collaboration for professionals.

    The flexibility offered by AI-powered remote work helps eliminate the need for lengthy commutes, reduces overhead costs for companies, and expands opportunities for individuals in remote locations. Moreover, AI-enabled remote work allows organizations to tap into a global talent pool, accessing a diverse range of skill sets and perspectives that can fuel innovation and foster growth.

    Related: How The AI Revolution Is Liberating Workers from the Office

    Redefining work-life balance

    The conventional 9-to-5 work model frequently falls short when it comes to striking a healthy work-life balance. AI is helping reshape this paradigm, granting individuals the liberty to manage their time in a manner that aligns with their personal obligations and outside responsibilities. Nobel Prize-winning economist Christopher Pissarides believes that AI can enable humans to work just four days a week.

    With the aid of AI, flexible work schedules empower individuals to allocate dedicated time to personal endeavors like quality family moments, pursuing hobbies, or prioritizing self-care activities. By nurturing a more harmonious work-life balance, AI isn’t just bolstering employee satisfaction and well-being but also improving productivity and overall job performance.

    A flexible and personalized approach to the 9-to-5 workday

    With the continuous advancement of AI, the inflexible 9-to-5 work model is gradually being replaced by a more adaptable and personalized approach. Professionals now have the chance to break free from the confines of the traditional workday structure.

    Embracing this transformation facilitated by AI can result in heightened productivity, increased job satisfaction, and a more balanced and fulfilling work-life equilibrium. As we progress, it becomes crucial for individuals and organizations to harness the potential of AI to reshape work hours and unlock the full capabilities of the modern workforce.

    Related: It’s Time to Prepare for the Algorithmic Workforce

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    Asim Rais Siddiqui

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  • How to Set Boundaries and Take a Break | Entrepreneur

    How to Set Boundaries and Take a Break | Entrepreneur

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    It’s all too easy to stay on call and available 24/7/365 when you’re one of the company’s top executives. Good leaders want to make themselves accessible, but good leaders also know it’s essential to take breaks regularly — and to take a vacation at least once a year. It’s essential if you’re self-employed or a freelancer too. Taking a break now and then helps keep your business from taking over your entire life.

    What’s more, vacation-positive workplace culture is good for business. Encouraging employees to take vacations helps improve their productivity, reduces job dissatisfaction and raises employee engagement. Work-life balance might seem elusive, but it’ll help you reduce a high turnover rate and the costs associated with it. It’s an essential part of a productive, supportive work environment.

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    John Boitnott

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  • Why Hustle and Work-Life Balance Are 2 Clichés I Wish Would Go Away | Entrepreneur

    Why Hustle and Work-Life Balance Are 2 Clichés I Wish Would Go Away | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    In my experience in the corporate world and as an entrepreneur, “hustle” and “work-life balance” are two terms that get thrown around a lot, and most of the time, the people using these terms do not truly understand them. Instead, these terms get used as buzzwords in an attempt to motivate team members or look good in front of peers, when, in fact, they have the opposite effect. I want that to stop.

    There is nothing wrong with using either term, but if you’re going to use them, in my opinion, it’s important to truly understand them and believe in what they represent. This may be difficult, especially if you are a business owner or a working parent, or both. However, it is not impossible. I know, because it’s how I run my business.

    Related: Why Hustle Culture Might Be Toxic to Your Business

    Hustle

    Some people may disagree with me, but, in my opinion, it is not a “flex” if you’re constantly hustling. Some business owners and team members like to brag about working constantly, but what are they actually achieving? Are they really ahead of the game because they dedicate all their time to working? Are they happy with their lives? Are they mentally and physically healthy? Or are they just acting a part to appear as though they’re doing better than they are?

    After having worked for years among the higher ranks in the corporate world and now as an entrepreneur running my own company, as far as I am concerned, “hustle” is overrated. Sure, there will be times when you need to grind it out to meet a deadline or because you have a particularly demanding project, but, if you are managing your time correctly, that should not be your daily reality. Hustling all the time is a surefire way to burn out, and whether you’re the one doing all the work or it’s your team who is being asked to hustle, that’s not what anyone wants.

    Work-life balance

    I know that work-life balance is important. In fact, it’s something I personally preach. The problem is when people use the term but don’t practice it themselves. I don’t consider it work-life balance when you’re habitually answering emails or calls after hours, during the time you’re supposed to be spending with your family or just with yourself. If you say that your workday ends at a specific time, but then you continue to focus your attention on work, how is that balance?

    It’s not fair for leaders to expect their team members to consistently dedicate time after hours to work, and it’s not fair for team members to consistently ignore their work during the workday to focus on their personal business. Of course, there are exceptions, but they should only be exceptions and agreed upon in advance whenever possible. In any event, when your focus is constantly split between work and personal, then both will suffer.

    Related: 10 Myths About Work-Life Balance and What to Do Instead

    When things don’t go as planned

    I started thinking a lot more about “hustle” and “work-life balance” when lockdowns and school and daycare closures completely upended our lives, essentially erasing the line separating work and home life. For the people without children, perhaps the adaptation was less problematic, but for those who were suddenly forced to figure out how to navigate schooling and childcare at home while also working from home, it was a formidable challenge.

    While I have always run my company according to a family-first philosophy, during the pandemic, this approach made all the difference. As many of my team members were unprepared to accommodate children at home during the workday, I made it a special point to create an environment that was supportive and flexible, with the understanding that, as long as the work is getting done and the quality remains, there is no need to insist on eight straight hours of each person’s full attention.

    I think we all came out of the pandemic with a deeper understanding perspective on what it means to hustle and how to achieve work-life balance. Overall, as a team, we were able to successfully adapt to the demands of pandemic life, and the habits we developed during that time have carried over into our current operations.

    A better way

    Maintaining our philosophy of family first and guided by what we learned during the pandemic, my business partner and I have done our best to take the “hustle” out of our work and achieve true “work-life balance.” That is, when we’re working, we’re 100% focused on our work, and when we’re not working, we’re 100% focused on our personal lives. We have set working hours, and we very rarely let our work intrude on our personal time. We ask the same of our team as well, because we know they also have lives beyond work that deserve their full attention. Organizing our time in this way means that we are never splitting our focus. It improves the quality of our work and our emotional well-being.

    This does not mean that we are so rigid that we cannot step away during the day to attend to some personal business. And it doesn’t mean that the odd work issue won’t overflow into our personal time. What it does mean is that, when we are at work, we are all working with our full attention focused on the tasks at hand. No one is afraid to communicate when they need to take a break or step away, and no one is allowing their work to overrun their personal life.

    Related: Replacing the Hustle Mindset With the Unhustle Mindset

    I understand that not everyone is in the position to practice what I am advocating here, but maybe they can strive to draw a clearer line between their work and home lives. Or maybe they can find some ways to better organize their time to prevent having to work long hours.

    My experience tells me that when you believe in the concepts you are preaching to your team and your peers, you have a better chance of achieving your goals, you produce quality work without having to sacrifice your well-being, and you get what you need to stay productive while maintaining a healthy balance between work and personal time.

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    Jackie Cullen

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  • What You Need To Know About Productivity Guilt | Entrepreneur

    What You Need To Know About Productivity Guilt | Entrepreneur

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    Productivity guilt can make you feel like you need to continue working, even when you know you need a break. People can’t always perform at the same caliber day after day, but in a hustle culture, productivity is valued above all else. When you can’t perform at 100% each day, you may start to feel guilty.

    Toxic productivity lies in the need to feel productive every waking hour. You might think you need to work instead of rest, and maybe you’re searching for something to do at home that will keep your hands busy outside of regular working hours, even something like cleaning the same spot twice. Here are a few things you need to know about productivity guilt and how it affects your life — and how you can squash it.

    1. Separate “busyness” from “productivity”

    Some people will continue to tackle new tasks just to keep themselves busy. Busyness can be detrimental, especially if you’re not working on something with substance or value. It’s okay to take a step back and not work on something. What people could consider lazy is often people taking care of themselves and trying to prevent further burnout. You should always work with your goals in mind and make choices to prioritize them.

    Related: What’s More Important for Your Business, Productivity or Efficiency?

    2. Learn how to break up tasks

    People aren’t supposed to work long hours without a break. When you feel your mind start to tune out of your work, you need to take a break. Stand up and look away from screens if you’ve been sitting at a desk. Your brain will be grateful for the opportunity to breathe.

    Related: 10 Tips to Boost Employee Productivity and Skyrocket Performance

    Other times, you may feel like you can’t take a break due to all the work you’re responsible for. That’s when you need to learn how to break up your tasks effectively to save some parts for after your break. Check-in with yourself after each section to ensure you’re still feeling fine.

    3. You need to prioritize your health

    When you’re overworking yourself in the name of productivity, you’re likely hurting yourself in other ways as well. Something else may contribute to your feelings of burnout, like not sleeping enough or not nourishing yourself properly with healthy foods. Your physical health and mental health work together for your benefit.

    Over 30% of working Millennials struggle with mental health issues, namely depression, which can lead to several bad decisions, such as pushing themselves harder at work or self-medicating with addictive substances. Check in with yourself frequently to understand your mental state. Your tasks should challenge you in a good way, but if they’re doing more harm than good, you may need to make a choice to preserve your health.

    4. Try to understand what drives it

    Understanding your productivity guilt is the first step to making a plan to deal with it. Are you more fear-driven, thinking that you’ll lose your job if you take the appropriate amount of breaks? If so, what can you do to try to relieve some of that fear? You could talk to your supervisor or someone else about how to better use your time in a way that benefits both you and your employer.

    5. Set realistic expectations for yourself

    You cannot expect to have a highly productive day every day. You should aim to improve a bit each day, but you don’t always need to be operating at 110%. Some days, you may not feel up to doing the same caliber of work, and that’s okay. You need to set boundaries to ensure you feel comfortable and are treated fairly, no matter how you may feel that day. As long as you make up for it on the days you are feeling good enough, you can balance your responsibilities and be gentle with yourself without holding your productivity to an unrealistic standard.

    6. You need to allow yourself to relax

    Unfortunately, in such a busy world, you may feel like you need to be productive every single day. However, productivity is only essential for tasks you need or want to get done. If you have some downtime to yourself, allow yourself to do something fun instead of searching for something productive. Though it might feel uncomfortable at first, forcing yourself to relax can be good for you and help lower your stress levels.

    Related: How to Improve Work-Life Balance and Productivity While Working Remotely

    7. Almost everyone experiences it

    You’re not alone in experiencing guilt over your productivity levels. Many people struggle with taking a break or even taking it easier on themselves. One of the best things you can do for yourself is learn what time of day you’re most productive and try to optimize your work around that timeframe. Everyone is different, so what works for you may not work for another person. The best you can do is strive to improve your working habits and allow yourself to relax when you need it, all while understanding this feeling often happens to most people.

    Fight productivity guilt by caring for yourself

    Checking in with yourself frequently can help you understand when you need to take breaks. Fortunately, most employers and team members should understand when you need to take a break. After you’ve allowed yourself to relax, you might notice that you’re more productive than you have been since you’ve been feeling burnt out and worried about your productivity. Sometimes, all you need to do is prioritize yourself. Then, you’ll see a return on your investment in the form of easier, more efficient work.

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    Under30CEO

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  • Free Webinar | May 16: How to Grow with Purpose | Entrepreneur

    Free Webinar | May 16: How to Grow with Purpose | Entrepreneur

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    How does a business grow successfully without losing its ideal mission, vision and values? In the next episode of our Leadership Lessons series, host Jason Nazar sits down with the CEO of a multinational supermarket chain synonymous with the words healthy, local and organic. As one of the youngest CEOs to ever lead a successful retailer, Jason Buechel oversees more than 100,000 Whole Foods Market employees across 546 stores in the U.S., Canada, and the U.K. He joined the Austin, Tex.-based chain in 2013 as Global VP and CIO where he was responsible for all aspects of IT and digital innovation, ushering in large-scale initiatives that played a critical role in the growth of the business. He later served as COO, providing operational leadership over the grocery chain’s 500-plus locations.

    In addition to sharing the biggest leadership lessons he’s learned from his impressive 15-year career, Buechel will dive into other topics including:

    Don’t miss out—register now!

    About The Speakers

    Jason Buechel serves as CEO of Whole Foods Market. He previously served as COO, providing operational leadership for over 546 locations across the U.S., Canada and the U.K., overseeing the company’s technology, supply chain and distribution, store real estate and design, and Team Member Services (HR) functions. He joined the company in 2013 as Global VP and CIO where he was responsible for all aspects of IT and digital innovation, as well as ushering in large-scale IT initiatives that played a critical role in the growth of the business. Prior to WFM, Jason served as Managing Director/Partner within Accenture’s Retail Operations Practice, where he worked with leading retailers on strategic business and technology transformation. Jason holds a B.A. from the University of Wisconsin-Milwaukee.

    Jason Nazar is a serial tech entrepreneur, advisor, and investor with two successful exits. He was most recently co-founder/CEO of workplace culture review platform Comparably (acquired by ZoomInfo), and previously co-founder/CEO of Docstoc (acquired by Intuit). Jason was named LA Times’ Top 5 CEOs of Midsize Companies (2020), LA Business Journal’s Most Admired CEOs (2016), and appointed inaugural Entrepreneur in Residence for the city of Los Angeles (2016-2018). He holds a B.A. from the University of California Santa Barbara and his JD and MBA from Pepperdine University. He currently teaches Entrepreneurship as an adjunct professor at UCLA.

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    Jason Nazar

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  • A Psychologist Reveals Break-Taking Brain Hacks for Productivity | Entrepreneur

    A Psychologist Reveals Break-Taking Brain Hacks for Productivity | Entrepreneur

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    Work can be stressful, and the glorification of hustle culture doesn’t help — in fact, it’s been proven to reduce productivity and lead to burnout.

    Taking breaks throughout the day — even small ones — is a great way to take some of that pressure off. Studies have shown that microbreaks lasting anywhere from a few seconds to several minutes can improve workers’ concentration and outlook.

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    Amanda Breen

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  • 5 Must-Follow Tips for Achieving Success Before Turning 30 | Entrepreneur

    5 Must-Follow Tips for Achieving Success Before Turning 30 | Entrepreneur

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    Success doesn’t happen overnight. If you want to become successful by 30, take responsibility to start planning the blueprint for your life now. The foundation that you build today sets the tone for your future.

    Becoming successful by 30 requires perseverance, consistency, and resilience. While success might fall into your lap, it’s often achieved through discipline, learning from mistakes, facing obstacles, and sheer hard work.

    Today, we’ve spoken with Mark and Dylan, two successful business owners under 30. They run a brand called Huge Supplements, which is one of the fastest online supplement stores.

    Related: 7 Mindsets That Guarantee Enduring Success

    We asked them which tips they applied to achieve the position they’re currently in — here’s what they had to say:

    1. Get out of your comfort zone

    Success doesn’t grow in comfort zones. Life goals aren’t achieved when we follow the same patterns, spend our time focusing on the same things that haven’t brought us success, or hold onto old behaviors that don’t get us ahead.

    One of the biggest things that hold people back from becoming successful is getting stuck in their comfort zone.

    For example, if you prefer to spend all your time with your friends and family in the same place where you grew up, you might miss out on life-changing opportunities available in other places. Consider changing jobs, and towns, or seizing a lucrative chance when the opportunity presents itself.

    Even if it doesn’t, if you know you would have a better chance to achieve your dreams somewhere else, you may need to take the initiative and create your own opportunity. It’s important to take a risk now to become successful before you turn 30. Take opportunities that can boost your financial or career success.

    A comfortable job that doesn’t challenge you, advance your career, and push you to success can prevent you from becoming who you want to be before you’re thirty. Do what it takes, be bold, and take a step that scares you but puts you on the right path to hitting your goals.

    2. Manage your money

    Saving, budgeting, and learning how to use your money wisely are some of the best ways to achieve and maintain lasting success. Even if you don’t make a lot of money, it’s important to learn how to manage your finances properly if you don’t do so already.

    The good news is that there are a ton of helpful resources, from apps to podcasts, to help you save, track, and invest your money.

    Related: 6 Simple Strategies for Better Money Management

    If you are deep in debt, you should prioritize paying down high-interest debt. Get smart with money by setting financial goals for spending, saving, and retirement. If you want to be successful and financially free, it all starts with managing the money that you do have.

    Educate yourself about investments and consider putting some of the money that you save through wise spending into something such as a business, course, or another kind of education that will improve your goals for a stable and successful future.

    3. Pursue your passion

    If you’re under 30, this is the best time to figure out what you excel at and what you enjoy doing. Thanks to a wide variety of opportunities today, you don’t have to get stuck in a mediocre job doing something you don’t love for the next thirty years.

    Take the time to ask yourself questions that can help you figure out your passion. Write them down. Break big goals into smaller, actionable steps with estimated deadlines. What do you dream about doing or becoming? What drives you to invest your time or money? Answering these questions can help you uncover your life purpose.

    4. Develop marketable life skills

    Once you’ve nailed down your central passion or passions, it’s time to start building the skills that will help you start a business, launch a brand, or land that dream job in your chosen field.

    Achieving success by age thirty in any career requires certain life skills that will help you break through to that next level of success. Marketable life skills aren’t just the functional skills or training that you need to do the best job possible.

    These include mental strength, coping skills, and a drive to succeed even when you face setbacks or roadblocks in life. It takes imagination and thinking outside the box. It also means tuning out distractions such as social media, television, gaming, partying, or anything that holds you back from giving your passion the time and focus that it needs to develop and thrive.

    At the same time, character traits alone won’t land you a job at a top firm, become an influencer in your field, or make it into the echelons of power. You’ll need to hone your problem-solving skills and get the education, training, or practical abilities needed to make it big.

    5. Build your network

    The road to success can be a lonely road as you put in long hours to achieve your dream. But, it doesn’t have to be. It’s important to let the people who are important to you know that you care about them. It’s also vital to create a professional network to help advance your career.

    Related: Boost Your Solopreneur Business with These 3 Proven Tips

    Rome wasn’t built in a day, and most people don’t achieve success early on in life without honing strong working relationships with individuals who can boost their careers to the next level.

    Some of the best ways to network are to make professional social media connections, attend career conferences, hand out your business card to professionals with whom you connect, and have your elevator pitch ready to go if a golden opportunity comes up.

    Networking isn’t all about self-promotion and getting your pitch across, either. Seek mentors who will help you grow, learn, and infuse you with their experience and positive potential.

    Final Thoughts

    While everyone defines success differently, it’s important to decide what that looks like for you. Maybe it looks like a fulfilling personal and professional life. It may mean becoming an entrepreneur, raising a family, starting a company, going back to school, or achieving a satisfying work-life balance.

    The key is to write down or create a visual plan for what you want to achieve by age thirty.

    First, figure out where your passions and talents lie. Next, get your finances in order, whether it’s paying off debt, controlling your spending, setting aside savings for retirement and the future, stepping outside your comfort zone, developing mental toughness and putting in the work, and making connections with the right people who will help lift you towards the life you want rather than pull you down.

    Whatever success by age 30 looks like for you, the best way to achieve it is to create a holistic roadmap. Once that takes you step by step through the journey to get you where you want to go.

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    Under30CEO

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  • 5 Unexpected Life Changes You Might Experience When Starting a Business | Entrepreneur

    5 Unexpected Life Changes You Might Experience When Starting a Business | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Starting a business is a goal many people pursue at some point in their lives. Once we see the potential in us and grow to believe in our expertise, we begin considering what would it be for us to start fresh and become our own boss. As intriguing and exciting as it may sound, sometimes business ownership arrives with unexpected life changes we haven’t seen coming.

    Oftentimes I’ve spoken about what we need to be prepared for business-wise — things like saving up for initial investments, finding the perfect business niche and learning how to spot great employees are just the tip of the iceberg when it comes to fully submerging ourselves in the world of entrepreneurship. With time, we usually learn how to adapt and overcome obstacles along the way that are strictly work-related, but what about the certain amount of change we’d be witnessing during our outside-of-office hours?

    Truth be told, it would be rather naïve on our part to believe that such a huge event like starting a business won’t affect our personal and social life in any way. That’s why I’ve decided to shed some light on five unexpected life changes you might witness once becoming a business owner. It’s better to be prepared and informed instead of being taken off guard.

    Related: Starting a Business Isn’t What You Think. Here’s What to Expect Instead.

    1. Your professional and personal lives will inevitably mix

    Right at the beginning of my CEO journey, I assumed the biggest hardships I’m about to witness would revolve around the establishment of my company. Details like building a portfolio, finding the best employees and getting our work out there took a considerable amount of my time, and yet I knew quite well this is what the road ahead is supposed to look like. As busy as it got, I was somewhat prepared — after all, the majority of aspiring entrepreneurs have a good understanding of how their professional life is about to change once they step into the world of business ownership.

    But here’s the thing — our professional and personal lives are so intertwined that is almost impossible for one not to affect the other.

    Feeling constantly overwhelmed, the long working hours, the overall work-related pressure and stress and monitoring how’s your business going on weekends are simply a small part of all business-related consequences that might affect our outside-of-office hours. Naturally, we’d feel pressured by time and deadlines and this could cause disruptions in the way we choose/can to spend our free time. What’s more, all those predispositions may lead to somewhat unexpected changes in our lives that we couldn’t see coming and may bring discomfort and struggle in the area.

    2. You may notice your social circle shrinking

    As disturbing as it may sound, many entrepreneurs (especially right at the beginning of their career journey) share that their friends appear to be drifting away from them once they launched their gigs.

    There could be numerous reasons for this: For instance, people from your social circle might feel neglected or as if you’ve chosen work over spending quality time with them. Another possible, yet bitter option, is that they might start witnessing their lack of development as now you’re skyrocketing your own business.

    Whatever the reason is, your social circle shrinking is a plausible outcome of your entrepreneurial goals — and it’s better for you to be prepared, just in case. Honest and open conversations about how each person feels usually help get rid of the issues and misunderstandings and you can all salvage the relationship.

    Related: How to Prevent Your Business From Ruining Your Personal Life

    3. New people may come into your life and stay for good

    Usually, when people opt for business establishments, they need to communicate with fellow entrepreneurs, clients, prospective investors, etc. The more you put yourself out there and attend networking events, the higher the chance is for you to widen your social circle and let newcomers appear. More often than not, relationships built on mutual business interests tend to last for long as people share experience and expertise, while also providing support and guidance.

    4. You might find it extra hard to keep a balance between work and personal life

    When we are employed, we usually treasure our time off from work and look forward to it, but things change when we lead our own business. You might find it hard to juggle between opening your laptop and checking that minor detail on a Sunday afternoon even though it could wait until Monday, especially at the beginning.

    In the long-term, this lack of balance and fruitful relaxation time could have a tremendous effect on your mental health as you’d find yourself always being at work subconsciously. So it’s important to set certain standards for yourself when it comes to taking some time off and enjoying life outside of the office.

    5. You might experience a change of heart when it comes to your career

    Some people find out business ownership is not as enjoyable as they thought it was and prefer getting back to being employed. Others might enjoy running an enterprise in general, but realize their desired niche is not the one they primarily chose. All those instances, even though troublesome at first, are a good thing — it’s the ultimate path toward self-discovery and paving one’s way to a successful career that aligns with who they are.

    Related: 10 Ways to Improve the Quality of Your Business Life

    Of course, all those are assumptions — as often as they may appear, some entrepreneurs never face obstacles and difficulties of this sort. It doesn’t hurt to be prepared though — owning a business isn’t merely about running some numbers and never expecting anything to be different. At the end of the day, change helps us grow.

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    Ivan Popov

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  • 7 Proven Tips for Building Trust and Strengthening Workplace Relationships | Entrepreneur

    7 Proven Tips for Building Trust and Strengthening Workplace Relationships | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Trust is essential for a productive and thriving workplace. Employees do better when they have faith in the company and the leaders they work to support. Building confidence inside organizations comes primarily from more minor actions that build up over time. This increased faith leads to more employee collaboration, empowers decision-making, and increases loyalty to the company.

    Trust-building results are hard to ignore, especially when comparing low-trust and high-trust companies. Employees at the high-level report 74% less stress, 50% higher productivity, a 29% increase in satisfaction, and 40% less burnout. Trust has to be earned in most relationships, and the business world is no different. Here are seven trust-building tips that leaders and teams can implement in their day-to-day workflow.

    1. Stay true to the four Cs

    Competence, commitment, consistency, and caring are the four elements associated with creating trust. In the case of competence, employees should expect to work for someone who knows what they’re doing. A lack of faith in an employer could cause workers to lose confidence in the company as a whole. It might also make the organization’s mission statement unclear, leading to inferior results and subpar productivity.

    Related: 4 Relationship Tips to Increase Employee Commitment and Loyalty

    As for commitment, the staff is more likely to be motivated if they see their leaders dedicated to the cause. They are also more likely to stick around for the long haul, which leads to higher retention rates. With consistency, employees count on a boss to show up and lead, regardless of the circumstances. Consistency helps people know what to expect and eliminates the chances of unforeseen hurdles. This dependability allows employees to plan better and stress less about unnecessary chaos.

    In terms of caring, people need to feel like they matter in the workplace. They want leaders who care about the organization and its people. That’s just one reason why benefit packages are so important. They communicate that a company cares for its employees. If you are a leader who breaks any of these guidelines, be upfront and honest with employees. Acknowledging your mistakes is another way to cultivate and build trust.

    2. Always be clear and direct

    Unclear instructions and feedback from leaders can significantly erode trust over time. Your staff wants leaders who practice proper communication skills. An employee could easily become stressed if they don’t have thoughtful and detailed instructions to follow. Don’t let the fear of micromanaging dissuade you from being hands-on if needed. It is your duty as a leader to set clear expectations and guidelines for your team.

    Related: Why Honesty and Integrity Really Do Matter

    Best-selling author and researcher Brene Brown’s quote, “clear is kind, unclear is unkind,” resonates in many areas, including work. For workplace projects, clear looks like painting a picture of what’s done will look like in the end. Before your team starts, detail what guidelines need to be hit for a task to be checked off. This keeps everyone on the same page and contributes to a higher quality of work.

    3. Don’t shy away from hard conversations

    Half of the managers cite difficult conversations as their biggest challenge as a leader. The need for navigating tough topics remains a reality, whether addressed by employers or not. Holding these conversations is a skill set that includes emotional intelligence, attention to detail, and an open mind. As a leader, you shouldn’t shy away from these important conversations just because they might be uncomfortable or difficult.

    Employees respect a boss that isn’t afraid to take on challenging discussions and issues, especially in today’s world. This type of leadership sets an example that others will want to follow. Avoiding these talks could subconsciously lead staff members to disrespect and lose trust in company leadership. Hard conversations are likely to come up amongst employees as well. If you and a member of your team need to talk things through, don’t be afraid to ask for help. Ask for support from a manager if you need it.

    4. Be intentional about feedback

    Regular feedback allows workers to possess a better understanding of their job performance and goals. Employees will know what they should keep doing and what approaches might need some alterations. Whether the feedback is positive or negative, it is imperative to be intentional with these conversations. Add your feedback to your Zoom Calendar before your Zoom meetings so you won’t forget. Looking for opportunities to praise employees nurtures a sense of trust and fulfillment.

    Related: How Entrepreneurs Can Use Effective Feedback to Stay Resilient and Agile

    Be constructive and straightforward if you’re discussing where an employee has room for improvement. These conversations don’t have to come with a sense of negativity. As long as leaders are respectful, a good employee will usually welcome the chance to work toward improvement. In addition, staff can build confidence in their leaders when they feel cared for and respected.

    5. Take an interest in the mental health of employees

    Leaders should take a genuine interest in the mental health of their employees. Showing care begins by promoting a healthy work-life balance for all staff. Managers can set an example in their own habits and hope the rest of the team will follow suit. Burnout employees significantly hinder productivity. Approximately 75% of companies struggle with overwhelmed employees, according to a report by Office Vibe. These conditions affect overall job performance and the well-being of workers.

    Employers should help spread awareness about the importance of mental health. Awareness includes organizing support groups for employees and cultivating a healthy work environment. It also means treating each and every employee with respect. Companies are encouraged to review their health insurance policies to ensure they properly cover mental health services. These resources enable employees to seek help from a mental health professional if needed more easily.

    6. Nurture an environment of open communication

    Leaders should strive to create an environment where everyone feels comfortable making their voices heard. Nurturing a supportive workplace is essential to an employee’s mental health. Workers feeling safe and supported can boost productivity and a sense of trust. This supportive atmosphere should extend through all areas of the workplace, including meetings and one-on-one conversations.

    Studies suggest that workers expect open communication and transparency from their leaders. Effective managers communicate with employees in several different ways. This could include listening to any suggestions or concerns and encouraging questions, and open feedback. Overall, it boils down to how comfortable and supported an employee feels at the office.

    7. Identify support systems

    Employees should know where they need to go for support when they want it. Support systems could come in the form of a designated team member or a reliable project management system. Ensuring these systems are strong and effective can significantly strengthen trust in the organizations over time.

    Related: How Your Leadership Skills Will Determine Your Company Culture

    A designated member of human resources assigned to each team can be a form of direct support. Building community connections is another way a business can thrive and make everyone feel supported. This is especially crucial if your team is remote. A company might also utilize productivity software to get their teams connected in a seamless way.

    Leading by example builds trust

    Trust is at the center of all good relationships inside and outside the workplace. Leaders who consistently cultivate trust in small and big ways are likely to see better results from staff. Companies nurture a more driven workforce when they care about the mental health of their employees and lead by example. Consistency is also vital to a thriving office environment. Trust in leaders takes a significant hit when promises are made but not kept.

    Managers shouldn’t shy away from tough conversations and work to cultivate an environment where everyone feels safe to speak up. In addition, employees that feel supported are more likely to stick with a job for the long run. All these factors help build a solid foundation of trust that sets a company up for success.

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  • Offer Unlimited Paid Time Off (The Right Way) To Attract Talent | Entrepreneur

    Offer Unlimited Paid Time Off (The Right Way) To Attract Talent | Entrepreneur

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    As a business owner or senior manager, I’m sure you’re well aware of the unlimited paid time off (PTO) debate. Is this for real? Is this a joke? Like many of my clients, you probably shrugged it off as a fad or something that isn’t practical. But many companies are finding out it can be very practical, and a powerful benefit to offer.

    That’s what a recent study conducted by HR platform Namely found. According to the study, 34.5% of the more than 1,000 companies surveyed offer an unlimited PTO plan, a number that has significantly risen over the past few years.

    Yes, your business can have an unlimited paid time Off (PTO) plan. And sure, there are a lot of pros and cons, a few of which I describe below. But an unlimited PTO plan is not as hard to implement as you may think. And for me, the benefits significantly outweigh the costs.

    Related: The Hidden Dangers of Not Taking Your Vacation Days

    So if you’re thinking about it, here are a few things that I’ve learned from some of my clients who are doing this the right way.

    The first thing to know is that your unlimited PTO plan doesn’t have to be your only PTO plan. Most of my clients with unlimited PTO plans have multiple plans. For example, there’s a PTO plan for hourly employees which may be the standard 2-3 weeks of vacation plus sick days and then another plan for salaried or senior managers that allows more time off and may include sick days.

    Your PTO plan is your decision. There’s no law (yet) about the type of plan you offer (although some states — like Illinois, Maine and Nevada — are requiring employers to provide vacation time). The unlimited PTO plan that you offer to your employees can be the ultimate nirvana, the mecca, the peak and the top of the heap of all vacation benefits. It can be the goal that everyone wants to reach, but to do so, they must perform. This brings me to my next point.

    And that is that people should only be eligible for your unlimited PTO plan after fulfilling certain requirements. For my clients with these plans, they only consider employees who have been working for them for at least two years and sometimes as many as five. It’s a perk for loyalty and good work. Other eligibility requirements may include the employee’s position in the company, compensation levels or meeting certain performance milestones. So many of us are struggling not only to attract new talent but retain our best people, and an unlimited PTO plan can be the carrot on the stick for doing this, which brings me to my next point.

    Related: Microsoft Employees Will No Longer Have to Earn Vacation Days Thanks to This New Policy

    And that is that unlimited PTO plans are a great sell. Most workers love the sound of “unlimited” when it comes to their vacation. The workplace has changed, and now, besides offering healthcare and retirement plans, good companies are also revisiting the concept of flexibility by offering more remote working and time off opportunities. So if you’re able to make such a plan viable in your company, you’ve got a great sales pitch to attract talent — particularly younger talent who value this benefit more — in these times of tight labor.

    Just be aware of the drawbacks. For example, studies like the one Namely conducted have shown that employees that work at companies with unlimited PTO plans have generally taken less time off than they were taking under previous use-it-or-lose-it plans. This is a potential mental health issue, which has caused some companies to require that employees take at least two weeks off.

    “Clearly, unlimited PTO has gained credibility as an employee benefit, but to what end?” says Amy Roy, Namely’s Chief People Officer. “Regardless of their company’s plan, workers seem to be taking less time off. Employers concerned about the wellbeing and retention of their workers encourage the use of paid time off, as it gives employees the chance to reset and refresh.”

    Like Roy, you still may have concerns about your employees’ mental health. And you may have other concerns too.

    Related: Companies Need To Be Better at Hiring, Not Firing. 7 Tips To Pick And Retain The Best Talent During Uncertain Economic Times.

    You may be saying how in the heck can your company avoid having employees disappear for weeks or months on end while taking advantage of their unlimited PTO plan? Well, I’ve learned from a few successful clients to include an important caveat.

    It’s this: yes, an employee can take “unlimited” time off, but any time off must be approved in advance by a supervisor. That type of policy then ensures that someone isn’t going to say, “Hey, I’m surfing in Australia for the next few months, see ya!” As long as a supervisor is happy with the amount of time someone is taking off, then good for everyone all around. It’s a strong control to avoid people really taking excessive advantage of your program.

    The takeaway is that today’s workers love to talk about “4-day work weeks” and “bare minimum Mondays” and, as frustrating as this may sound to business owners who are doing just the opposite, smart companies have to respond with benefits that help employees achieve greater flexibility and work-life balance. An unlimited PTO plan can be just that if implemented the right way.

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    Gene Marks

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  • How to Craft the Best Benefits Package for a Global Workforce | Entrepreneur

    How to Craft the Best Benefits Package for a Global Workforce | Entrepreneur

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    When employers operate across national borders, financial compensation is relatively simple. Software can effortlessly convert currencies and send payments around the world at the snap of a finger. But benefits packages for a global workforce? Well, they’re a bit harder to translate across international borders.

    If you’re struggling to provide perks for your global workforce, here are some tips to help you craft the best benefits package possible for everyone on your team.

    Centralize your tech stack

    Before you start strategizing about a benefits package, ensure you have a solid platform in place to run your global compensation activity. Distributed HR provider Oyster refers to this as a “global employment platform.”

    Related: How to Choose A Tech Stack for Your Startup

    A “global employment platform” is an all-in-one solution for distributed companies that want to compliantly hire, pay, and provide benefits to talent worldwide. Compensation and benefits are just one piece of the employment puzzle. Why not centralize your tech stack and use one solution to help with hiring and paying your team, too?

    A global employment platform streamlines everything from onboarding to payroll. In essence, it creates a central hub through which you can funnel the bulk of the compensation and benefits you offer to your employees. While it isn’t technically necessary, having this beforehand is useful.

    If you plan on expanding your team around the world quickly, a sprawling tech stack can definitely slow you down. Laying a strong foundation, in the beginning, can be a game-changer.

    Remember that not all benefits are created equal

    When creating a benefits program designed to cross national borders, it’s important to consider each country and culture you’re working within. Something that is considered a benefit in one place might be an assumption in another or even an unwanted or unnecessary luxury.

    Related: The 25 Best Companies for Employee Compensation and Benefits

    HR Morning provides a good example of this in the form of PTO. In the U.S., paid or at least partly paid time off is a requirement in certain situations, such as parental leave after having a child or time off to address mental health concerns.

    However, additional paid time off is often added to compensation benefits as a special perk. In places like Panama, though, PTO isn’t a perk. It’s a necessity. Employers must offer at least 30 business days per year and ten public holidays.

    As you begin to sort through your benefits options keep this in mind. Not all benefits are the same everywhere.

    Look for universal benefits

    Benefits are often specific to a geographic area. For instance, a health insurance plan will likely follow state or national policies and standards. Something like a parking spot is even more specific.

    If you want a benefits package to resonate with a global workforce, you want to build it around perks that are universally (or nearly so) appreciated. Look for things that most of your employees will find advantageous. After all, a benefits package’s primary goal is to help you attract and retain talent. It should provide clear value and come across as a special bonus reserved for your workers.

    Remote employers can’t lean on basic perks anymore, either. You can’t assume that things like “remote work” and “flexible work hours” count. They are assumed benefits at this point, not perks. However, most employees would consider something like a housing allowance or reimbursement for educational costs a special advantage.

    You can also adapt traditional perks for an international workforce. For instance, while a health insurance program may be tricky, an HSA account can pay out in many different countries.

    Personalize your benefits package for a global workforce when you can

    Finally, whenever you can personalize a benefit, do so. This gives your employees the ability to tailor a benefit to their unique circumstances.

    If you need to create a benefits package for a global workforce, start with a streamlined global employment platform. Consider how each of your employees will view each perk and try to build a foundation of benefits that apply to everyone. From there, fill in the gaps with targeted benefits that employees can tailor to their unique situations.

    If you can do that, you can create a benefits package for a global workforce that will speak to all of your workers. It will stand out as a desirable element that can attract top talent, whether they’re hailing from the mountainous Welsh region of Bangor, India’s tech capital of Bangalore, or anywhere in between.

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    Under30CEO

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  • 3 Simple Methods To Achieve Work-Life Balance And Combat Decision Fatigue | Entrepreneur

    3 Simple Methods To Achieve Work-Life Balance And Combat Decision Fatigue | Entrepreneur

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    It’s 8 pm on a Wednesday night. Let’s imagine you’re having dinner with a good friend passing through town for work. Your entrees have just arrived, you clink wine glasses and toast to the occasion. But just as you’re about to pick up your fork, the needy vibration of a cell phone forces you both to pause.

    Hot food. Buzzzzzz

    Good company. Bzzzzzzzz

    Decisions, Decisions.

    If this sounds like the setup for a corporate-style Choose Your Own Adventure book, then guilty as charged. Because the reality is that we live (and relive) these choices multiple times per day. If you answered the call, turn to page 27. If you hit Decline and put your phone in your coat pocket, turn to page 32.

    Page 27: “Ah, sorry, let me just take this quickly,” you tell your dining companion. “It’ll just take a second,” you say assuredly. As a polite gesture, your friend waits for your call to finish as the steam noticeably stops billowing from your dinner plates. Four minutes later, the call ends. “Now, where were we?” you ask as you prod your fork into a room-temperature floret of broccoli.

    Page 32: You look at your phone with a hint of curiosity but then quickly decline the call and remove your phone from the table. Your friend grins from across the table as you excitedly dig into your hot, mouthwatering dish. Your friend’s eyes widen, “Oh, wow! This is amazing, you have to try it!” she exclaims with delight.

    Ok, I admit that one was easy. I didn’t say who was calling, and assuming you turned to page 32; you likely noticed my clear bias for a hot plate of food and a good catch-up. I’m well aware that these micro-decisions we face throughout the day aren’t always so obvious. They can make us feel pulled in opposing directions.

    Enter work-life balance and decision fatigue. Trying to strategically and repeatedly toggle the scale between responsibility and urgency can still leave us questioning whether or not we’re doing it “right.” That’s because the life-work balance is profoundly personal and ever-evolving. Situations fluctuate in both arenas. How do you handle it when your VP hands in her notice and her last day conveniently coincides with your long-awaited vacation? What do you do when your assistant calls in on the same morning you’re supposed to supervise your 9-year-old’s class field trip to the zoo?

    Related: Work-Life Balance Is Simple. To Succeed at Work, Get a Life.

    Unfortunately, I don’t have simple solutions to help you with any of the above. But I do know that this constant pressure to make the right decisions is emotionally exhausting. Decision fatigue is a real issue recognized by the American Medical Association. Not only does it make us feel drained, but it also wears on our cognitive ability to make good daily decisions. This overload results in procrastination, impulsivity, avoidance, and, ironically, indecision.

    We need clear parameters when it comes to what we do and do not do when work-life swerves into our home-life lane. The “right” choices for you, the ones that won’t send you into a mental fury of second-guessing yourself, are the ones you make based on your values. And a values-based life enables harmony to exist in both places, but most importantly, within yourself.

    1. Sync your personas

    Try not to compartmentalize your life. My friend and client, Karlee Fain, calls this a “Split-Labeling Disorder.” It’s that need we feel to adapt who we are to where we are. But switching between “business-you” and “home-you” all the time takes up valuable energy that could be put to other uses. Imagine how much easier life would be if we stopped juggling two versions of ourselves and embraced one.

    Think about where your work self and your home self converge and lean into that whole self. Be vulnerable every once in a while, and show off your humanity. Not only does this help foster more authentic workplace relationships, but it also creates ease and cohesiveness. Create an environment where employees have the same space to incorporate their personal and professional lives. A space that’s driven by meaning that recognizes full-spectrum humanness inspires harmony.

    Related: A Work-Life Balance Will Help You Keep Employees

    2. Focus on Relationships

    Putting more effort into cultivating positive work relationships is a win-win for everyone. Research shows that investing time and effort into social capital in the workplace results in higher retention, happier employees and reduced burnout. In his podcast, Jay Shetty addresses the topic, revealing that people who feel they have a good work-life balance work 21% harder than those who don’t.

    3. Designate your spaces

    Create purposeful spaces and use each space for its intended purpose. When we work at the kitchen table or eat lunch at our desks, we’re confusing our brains. Sociologist Martha Beck explains, “There’s a reason service dogs mustn’t be petted or played with when they’re wearing their work vests: They need to be clear that they’re on the job. But when the vests come off, service dog owners must play with their animals in order to keep them from becoming exhausted and depressed. You’re the same way: Having clear boundaries will help you work enthusiastically, then truly rest.”

    Rather than feeling like you’re always one step away from tumbling off the work-life balance beam, try reframing things from the lens of harmony. When you can hone in on a singular self, it naturally invites more authentic relationships to develop. And those interactions, whether in your designated workspace or the car on a family vacation, will help you build a much stronger foundation for success in all aspects of your life.

    Related: What’s Happened to Work-Life Balance? Here’s How to Help Employees Find It.

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    Ginni Saraswati

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  • 5 Lessons from the CEO of a Fully Distributed Company | Entrepreneur

    5 Lessons from the CEO of a Fully Distributed Company | Entrepreneur

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    More companies are embracing the fully distributed workplace model to exploit the operational, performance and cost benefits.

    While remote work was a growing trend before 2019, the pandemic accelerated the adoption of hybrid and fully distributed workplace models, and the trend looks set to grow.

    The most recent Upwork Future Workforce Survey found that nearly 28% of US workers will be fully remote by 2026, up from 22.9% in 2020, while Zippia research reveals that 16% of organizations are already fully remote.

    While working in this way offers numerous benefits, the work-from-home (WFH) model also poses various challenges. As the CEO of a company that was an early adopter of a fully distributed workplace model, these are five lessons learned from the experience.

    1. Tackle challenges with a positive attitude

    No matter what industry, company or working environment you operate in, you will experience challenges at some point. Concerning a fully distributed company, the idea of a WFH setup may seem idyllic, but it comes with a unique set of challenges for business leaders and employees.

    However, no matter how big or small the challenge, you can turn almost everything into an opportunity to learn, refine and grow, even fail. What matters at that moment is your attitude.

    By embracing challenges, I have come to enjoy the process associated with finding solutions and adapting to circumstances. This willingness to embrace a challenge — even welcome it — and tackle it with a positive mindset is a hallmark of business leaders who follow an entrepreneurial path.

    When you allow challenges to drive you to develop and improve, you continually learn, making you more resilient and adaptable as a business leader and an organization.

    Related: Leaving a Positive Leadership Legacy Is Really About Living Your Values Now

    2. Learn to delegate

    Operating a fully distributed company can give you access to a diverse workforce that boasts multifaceted skill sets and different work preferences and personalities.

    While everyone has specific roles and responsibilities in a company, a fully distributed workforce can give business leaders and managers access to a broader talent pool, which creates opportunities to find employees who enjoy or are perhaps more proficient at specific tasks.

    Delegating relevant tasks to these employees allows business leaders to focus on mission-critical or strategically important duties that drive the business forward or those they cannot delegate — like compiling company results and reporting to shareholders. And finding people who can perform a task more quickly and accurately boosts organizational performance.

    Creating more flexible workflows can also give employees more personal control over what tasks they perform daily, which can positively impact their job satisfaction and happiness.

    Related: 7 Rules for Entrepreneurs to Delegate Effectively

    3. Company mission must inspire

    For any fully distributed company to achieve its strategic objectives, business leaders must ensure every employee buys into the business strategy and understands the company’s mission because people need to understand the plan if they are going to execute it properly.

    Without this understanding, you cannot get everyone moving in the same direction, which is when even the smartest strategy will fail to deliver results.

    When staff clearly understand the business strategy, they can act autonomously and make decisions that they know align with the company’s objectives and execute them according to the organization’s North Star metric.

    In this regard, it is important that the strategy is easy to articulate and understand.

    What’s even more critical — the strategy should inspire. Only inspiration will align everyone to work towards this common goal.

    4. Fail fast, learn fast

    In today’s fast-paced business environment, more business leaders are embracing a ‘fail fast’ mentality.

    This approach is vitally important when building a fully distributed company because you will make mistakes. While this is an important part of the process — because you need to make mistakes to learn – the key is to learn fast and move forward. Ruminating on a problem keeps you stuck in one place, which can prove detrimental to the business.

    An area where this business strategy worked well when building our distributed workforce entailed making mistakes in who we hired. Ultimately, going through hardships with people gives you insights into who they are and highlights whether they have the right skills and traits to do the job you hired them for. Through this process, we learned what we needed to look for in employees and executives to align with our company culture and processes. It helped us better define roles within the organization.

    As a result, we quickly started finding the right people for the job. We built teams with the proper dynamics to perform optimally and achieve the company’s mission and strategic objectives.

    Related: 6 Ways to Encourage Successful Teamwork in Your Business

    5. Connect with people to make them feel valued

    While the fully distributed workplace model creates numerous operational efficiencies, business leaders must create opportunities for remote workers to connect and engage.

    Combating social isolation is becoming a major challenge in managing remote workers’ well-being and, by extension, their output and performance. Without opportunities to work near co-workers and team members, business leaders need to create a sense of belonging and make people feel part of something bigger than themselves.

    This requires a multi-faceted strategy, where the company’s mission creates a sense of purpose among employees, coupled with the innovative use of technology to foster collaboration and cohesion within teams and company initiatives like annual conferences that offer everyone an opportunity to meet and interact in person and offline activities that allow co-workers to engage in shared interests, hobbies or passions.

    Furthermore, remote workers must be empowered to cultivate a healthy work-life balance by pursuing personal interests and meeting new people where they live. Workers need to leverage the benefits of remote working by using the freedom and flexibility it creates to build more meaningful social connections outside the virtual workplace to support their overall wellness and happiness.

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    Max Azarov

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  • ‘Bare Minimum Mondays’ Can Result in a Week of Productivity ‘Hell’ | Entrepreneur

    ‘Bare Minimum Mondays’ Can Result in a Week of Productivity ‘Hell’ | Entrepreneur

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    By now, you’ve probably heard of “bare minimum Mondays” — the latest TikTok-born workplace trend that’s trying to find a way around burnout.

    “Bare minimum Mondays” exemplify the ongoing “collective awareness” that employees have to start putting their mental and emotional health first — and stop accepting additional work and responsibilities without an increase in pay, Brooks E. Scott, executive coach and CEO of Merging Path, tells Entrepreneur.

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    Amanda Breen

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  • Alternatives to Layoffs in Tech: Maintaining a Stable Workforce | Entrepreneur

    Alternatives to Layoffs in Tech: Maintaining a Stable Workforce | Entrepreneur

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    The tech industry is volatile and subject to the whims of the market. With the recession that’s predicted to hit the global economy in late 2023, companies everywhere, from small startups to major enterprises, are already taking countermeasures to combat it. Ironically, the most commonly employed countermeasure is large-scale layoffs.

    Just recently, Microsoft announced 10,000 job cuts, impacting nearly 5% of its global workforce, as part of “workforce reduction” measures the company is taking. This was soon followed by a similar announcement from Google’s parent company, Alphabet. CEO Sundar Pichai commented on the downsizing, saying the company had “hired for a different economic reality” than what it’s up against today.

    Related: ‘Fake Work’ Was ‘Exposed’ By Layoffs At Google And Meta, Says Former PayPal Executive

    During times of economic hardship, it is important for companies to maintain a stable, employed workforce. This is why many businesses are searching for alternatives to layoffs as a method to get through these challenging times. Let’s explore what some of these potential alternatives could be.

    Reducing hiring

    A substitute for layoffs is to recruit fewer people each month in the first place. Companies might limit the pace of new recruits and concentrate on keeping their present employees. This is one of the factors that they can adapt to rather than reduce their current staff.

    Related: Ex-Google Employee Documents the Day She Was Let Go Amid Mass Layoffs: ‘A Really Bad Game of Russian Roulette’

    During the height of the pandemic, companies like Amazon, Meta, and Microsoft hired and grew their employee base significantly. In contrast, Apple hired at a more modest rate compared to its peers, adding only 17,000 new recruits between 2020 and 2022. Now that uncertain times are ahead, and we see the consequences of overhiring in the form of mass layoffs. On the other hand, Apple has avoided using layoffs as a tool to deal with these dire circumstances.

    Hiring freeze

    The implementation of a hiring freeze is an additional alternative to laying off present employees. This entails putting a temporary stop to all new hiring until the business’s financial situation improves. By doing so, companies can cut expenditures while maintaining the current staff.

    Another reason why Apple is not laying off its employees like its counterparts — is that it implemented a hiring freeze in November 2022 to prepare for the turbulent times that are ahead. There’s no news on when the freeze will be lifted, with sources even saying that it could go on until September 2023.

    Reducing working hours

    Reducing the number of hours a worker works each week is one such option that can prove to be beneficial. This enables businesses to maintain their personnel while also cutting expenditures. Employees who are able to keep their jobs but with fewer hours worked may also benefit from it, freeing up more time for other activities.

    Reducing hours, not workers, is the right for forward-looking business leaders to institute today. 73 companies in the UK ran an experiment with a four-day workweek. The results showed that managers and employees generally described being more or equally productive in a shortened week. A shorter work week gives employees more time to spend with their friends and family and focuses on any hobbies or part-time ventures they wish to cultivate.

    Voluntary separation or leave

    Offering voluntary unpaid leave is another substitute for permanently laying off workers. Although this reduces the number of employees, it also gives them the option to return to their positions later. This is advantageous for the employer and employee because it lets workers take a short break while businesses save money.

    Alternatively, companies can also implement a voluntary separation program. This enables employees to willingly leave the organization in exchange for severance compensation. This may be a successful strategy for reducing the workforce while still treating the impacted workers with fairness and compassion. Coca-Cola offered voluntary separation packages to 4000 employees in North America, and it included some major incentives like at least a year’s pay plus a 20% bump.

    Focusing on employee retention

    The most optimal way to avoid layoffs is to reduce employee turnover. High turnover can lead to a constant need to fill available positions, which can be costly and time-consuming. Businesses can decrease the number of unfilled positions and the need to hire and train new employees by putting more emphasis on employee retention and taking measures to improve it. Employers can concentrate on keeping their present staff members by offering them competitive wage packages, flexible work schedules, and opportunities for career advancement.

    When to layoff employees?

    It’s crucial to remember that laying off employees should only be used as a last resort. Additionally, when layoffs are unavoidable, the business should manage the situation with transparency and empathy. It’s vital to avoid doing bad layoffs or for the wrong reasons. The recent Twitter layoffs are a prime example of a bad layoff, with employees either being informed by email that they have been laid off or finding out after discovering that they have been locked out of their work laptops or communication channels.

    Layoffs are not always the best option and can often be detrimental to the organization as a whole. Companies can keep a steady workforce while still controlling expenses and adapting to market changes by thinking about possible alternatives to layoffs. Employers should be aware of their options and carefully consider them while putting the interests of their staff first.

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    ReadWrite.com

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  • Why I Hire and Invest in Working Moms | Entrepreneur

    Why I Hire and Invest in Working Moms | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    For more than two decades, my co-founder and I have built an education business focused on mentorship, transparency and ethical guidance, and are committed to cultivating a culture where working moms of all ages and life stages can thrive. Before I launched this college admissions company, Top Tier Admissions, my professional network in educational television, publishing and as a parenting expert included women who inspired me, personally and professionally, as mentors and colleagues. I knew I wanted to use my position as an owner to empower working parents and create a culture that reflected this, even as we operated virtually. Today, I’m proud to lead a team composed primarily of working moms.

    Like many in business, I’ve been watching as the mass exodus of working women shapes conversations around associated policies and leadership retention. According to McKinsey, 10.5% of women in leadership are leaving their jobs — an alarming attrition, and the highest rate in the last five years. The private membership network for women executives, Chief, recently launched a campaign, #MakeWorkWork, to amplify how companies are supporting women leaders. In an interview with Forbes, their CEO, Carolyn Childers, notes that “… over 90% of women say that they would stay at a company if they were just invested in it.”

    So how do we invest in women, particularly those who are also balancing caregiving roles? Here are some lessons I’ve learned along the way — as a founder, a mom, a grandmother and a leader of working moms — to connect and support teams while delivering high-quality products and expertise.

    Related: I’m A Traveling Mompreneur. Here’s Why Ditching Sales Calls and Using DMs Was The Best Thing For My Sales

    1. The importance of flexible work

    Post-pandemic, traditional 9-to-5 jobs are declining, and for good reason. By prioritizing work/life balance and flexibility in order to accommodate parenting responsibilities, team members can be better valued and respected as whole people. Our team sets their own hours and works from anywhere. Moms with very young children can choose to take on a lighter client load for a season, for example, waiting until their youngest enters pre-school or the baby is sleeping through the night.

    Working mothers make exceptional entrepreneurs, but to set them up for success, it’s key to prioritize independence and control over working environments, hours and futures. The capable and experienced members of our team have this kind of freedom, and so flourish.

    2. Supportive mentors and peers

    A team is more productive when its members are encouraged and motivated to reach out and share expertise. Regardless of gender or parenthood status, everyone who contributes to the company’s mission should feel seen and valued. Drawing on the experiences of fellow team members fills in the cracks and lifts us up, energizing engagement with clients.

    Our philosophy as college counselors is to mentor students and families one-on-one. At the same time, team members mentor each other with casual lunch Zoom drop-ins, by sharing resources, concerns and case studies on Slack, and by imparting more formal expertise when it comes to deliverable reviews.

    Related: How Women Entrepreneurs Can Find Women Mentors

    3. Embrace asynchronous collaboration tools

    Dropbox is an obvious asset for any remote business. We appreciate the ability to learn from one another and prioritize transparency for more effective collaboration, and so each counselor’s student folders and files are available to the team. This way, we can brainstorm together, ask for peer review and share resources. We also rely on Slack for day-to-day feedback, quick questions and encouragement and to foster a sense of community and collegiality when we aren’t physically in the same place.

    4. Lead by example

    When my co-founder and I started Top Tier Admissions, our children were young. We had each other’s backs and cycled work days to match work/life rhythms. I was up early and handled the 5:00 a.m. international calls, while Michele was a night owl and dove into work after her children were asleep. Now, as a grandmother, I am seeing my daughters navigate the same precarious balance that comes with work and home obligations.

    Related: Lessons Learned From A Midlife Venture Into Business Ownership

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    Mimi Doe

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  • Remote Workers Are Still Relocating — Here’s Where | Entrepreneur

    Remote Workers Are Still Relocating — Here’s Where | Entrepreneur

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    Since the start of the pandemic, remote work has increasingly given many Americans the freedom to choose where they want to live — regardless of its proximity to a physical office.

    And some of them are still leaving bigger cities behind. According to a survey from review crowdsourcer Yelp, which examined three years of internal data on its own fully remote workforce, the number of employees living near its office locations saw a steep drop from 2019 to 2022, Bloomberg reported.

    Related: 50 Work-From-Home Jobs that Pay As Much or More Than the Average Salary

    As of 2022, many U.S. remote workers weren’t working from home out of necessity but because they preferred it (76% compared to 60% in 2020), and nearly 20% said they were working remotely because they’d relocated, per a Pew Research Center study.

    In the case of Yelp’s workforce, many employees are leaving large, expensive cities. The number of workers living near the company’s San Francisco headquarters fell by 70%, and the number of those living near offices in New York, Washington DC and Chicago dropped by 67%.

    During that same period, the number of Yelp employees residing in Florida and Texas increased four times over.

    Related: Survey Reveals 4 Transformational Remote Work Trends

    “Many of the employees we’ve spoken with moved away from former office locations to areas with a lower cost of living, with some individuals purchasing their first home or enjoying a slower pace of life,” said Carmen Whitney Orr, the company’s chief people officer.

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    Amanda Breen

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  • A new bipartisan push for paid family and medical leave | CNN Politics

    A new bipartisan push for paid family and medical leave | CNN Politics

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    CNN
     — 

    A cocktail party on Capitol Hill is often hardly notable.

    But at one recent soiree, the clinking of glasses had a different ring. Members of both parties joined together to kick off a renewed effort to solve a uniquely American problem: no universal paid family and medical leave.

    It’s been 30 years since the Family and Medical Leave Act became law. It guaranteed workers the right to unpaid, job-protected time off.

    But the United States is one of only seven countries in the world without some form of universal paid family and medical leave.

    A bipartisan congressional duo is trying to change that.

    “We live in the greatest nation in the world, and we do so many things well, but when you’re talking about families, this is one area that we have struggled,” Republican Rep. Stephanie Bice of Oklahoma told CNN during an interview in her Capitol Hill office last month.

    Sitting beside her, nodding, was Democratic Rep. Chrissy Houlahan of Pennsylvania.

    “It’s frankly an embarrassment that we are one of the seven nations or so that doesn’t have this kind of focus on the family,” Houlahan said. “It’s really, really important that we lead by our example.”

    At the end of January, determined to find a solution to the lack of universal paid family and medical leave in America, the congresswomen officially launched their House Bipartisan Paid Family Leave Working Group.

    “We are action-oriented, and we are committed to having open eyes and ears,” Houlahan said, addressing policy advocates and politicians alongside Bice at the group’s launch party.

    Their task force is composed of six House members: three from each party, including Democrats Colin Allred of Texas and Haley Stevens of Michigan and Republicans Julia Letlow of Louisiana and Mariannette Miller-Meeks of Iowa. Such a partnership across the aisle, Bice insisted, is not that uncommon.

    “More of that happens than people realize back home,” the Oklahoma Republican told CNN. “There’s a lot of bipartisanship that goes on behind the scenes, trying to bring everyone together and move the country forward. And this is one way we’re doing that.”

    Houlahan represents a blue-leaning district in eastern Pennsylvania that includes parts of the Philadelphia suburbs. Bice represents a reliably red seat that includes parts of Oklahoma City. They’re both relatively new to Congress – elected in 2018 and 2020, respectively. They shared committee assignments – and previously a hallway in a House office building – and “just kind of connected,” said Bice.

    But the two have something else in common: They’re both mothers with daughters.

    Bice said she worked in the private sector when her daughters were born and had the ability to take paid family leave through her company. That was 20 years ago. “[It] was almost unheard of,” she shared. She said she doesn’t know what she would have done without that opportunity for paid time off.

    The Oklahoma native acknowledges that her circumstance was the exception, not the rule, when it came to paid family leave. According to the Bureau of Labor Statistics, only 1 in 4 workers had access to paid family leave in 2022.

    Families in the lowest 25% of wage earners had even less access. Only 13% of those low-income workers were eligible for paid family leave last year.

    “I was incredibly fortunate,” Bice said.

    Houlahan was an active-duty officer in the Air Force when her daughter was born 30 years ago. She recalled that the policy at the time was effectively six weeks of convalescence.

    “And I know, I remember acutely that the child care on the base was a six-month waiting list,” Houlahan said. “I couldn’t figure out how to make ends meet.”

    The veteran said she struggled to find a solution: Child care on the base was affordable but not accessible, and child care off base was the opposite.

    “To be really honest, it was one of the reasons that drove me to separate from the military,” she admitted. “These are choices that are being made by husbands and wives and families across the country.”

    A lack of paid family and medical leave doesn’t just create burdens for families, Houlahan said – it hurts the economy by taking women out of the workforce, causing what she called a “vicious cycle.”

    “The domino effect of all of this kind of thing is real,” the Pennsylvania Democrat said. “When we’re talking about these issues, it’s not just about the mom. It’s not just about the family. It’s about the infrastructure and the economy as well.”

    Bice and Houlahan face what many from the outside would call insurmountable odds: a deeply partisan and divided Congress, with narrow majorities in both chambers. But Houlahan said the razor-thin majorities present an opening.

    “We have an opportunity-rich environment right now, to use a military term, to make sure that we take advantage of this really special time, honestly, where the majorities and minorities are so small and so slim that it really requires that we work together,” she said.

    “We can pretty much assure that our far edges of both parties will not necessarily be interested in working collaboratively,” Houlahan added. “So we need to find that moderate middle.”

    Bice hopes the growing number of women in the House GOP Conference will make a difference, too. There are now 33 Republican women serving in the chamber – the highest number ever. It’s still small in comparison with the 91 female House Democrats (soon to be 92) across the aisle, but it’s momentum nonetheless.

    “Having that female conservative perspective, I think, is important to bring to the conversation,” Bice said. “Many of the women in the Republican Conference are young mothers. And so I think this conversation is ripe on our side of the aisle right now.”

    GOP Rep. Stephanie Bice, seen in Oklahoma City in 2020 before her election to Congress, says the issue of paid family leave is ripe among Republicans at the moment.

    Part of the frustration in Washington – and around the country – is that universal paid family and medical leave is quite popular across the political spectrum. A Morning Consult poll this past summer found that 85% of Democrats and 66% of Republicans supported congressional action on ensuring paid family leave.

    But the two parties have deep philosophical differences about how to pay for it. It’s part of the reason successful legislation has eluded Congress – and a big obstacle for Bice and Houlahan as they start their work.

    “We want to start with a clean slate,” Bice said. “Coming at this from maybe a new fresh perspective, looking at what’s been done in the past. What legislation currently in place isn’t working? And figuring out either do we expand on that or do we pull back and look at a new policy that would actually be much more effective?”

    They’re also realistic about what’s possible. Houlahan is prepared for incremental change.

    “If we’re able to give some family leave for benefits to our federal employees and then our uniform personnel and then this population and then that population, at least we’re making progress,” she said.

    Bice and Houlahan are certainly not the first lawmakers to try to tackle the issue in recent years.

    In 2021, House Democrats pushed to get 12 weeks of universal paid leave in the sweeping Build Back Better package. They eventually pared it down to just four weeks to get the necessary votes to pass in the House along party lines. But the $1.75 trillion social spending bill stalled in the Senate. Paid family leave was then left out of Democrats’ $750 billion climate, tax and health care package, known as the Inflation Reduction Act, that was enacted last summer.

    Houlahan told CNN that she and Bice “stand on the shoulders of great people, mostly women,” who have worked on the issue for decades and across the Capitol. Currently, New York Democrat Kirsten Gillibrand and Louisiana Republican Bill Cassidy are among the senators working on solutions of their own in the upper chamber.

    The House working group co-chairs also acknowledge the importance of bringing men into the conversation. Their six-member task force includes Allred, who made headlines in 2019 when he became the first member of Congress to take paternity leave.

    “If we’re going to be pro-family, it’s going to be pro-family, Mom and Dad,” Bice said.

    This February marked three decades since the Family and Medical Leave Act became law.

    “We’ve been at this since I was pregnant,” Houlahan quipped at the launch party for their group, noting that her oldest daughter is 30 years old.

    “It’s time for there to be additional progress on this issue. It’s wonderful that you now can’t lose your job for taking time off, but that’s not enough for us to be a competitive nation. I don’t think that embodies the American values of the strengths of families as well,” she told CNN in the joint interview.

    Her Republican colleague agreed.

    “It’s time for us to find a solution and take action,” Bice said. “Thirty years is too long. You can’t sit back and watch. You got to move forward.”

    This headline has been updated.

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  • Entrepreneur | Business Owners Can Have Work-Life Balance With These 5 Tips

    Entrepreneur | Business Owners Can Have Work-Life Balance With These 5 Tips

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    Opinions expressed by Entrepreneur contributors are their own.

    A universal reality for business professionals is the need to balance personal and professional lives, striving to find that ever-elusive work-life balance. This is true regardless of industry or position.

    One significant element of that stress and pressure is the ability, or lack thereof, to manage time effectively. Many will admit to feeling like there is never enough time in life. The days and weeks are insufficient when faced with the mounting list of tasks and responsibilities we navigate daily.

    Accomplishing these goals on time and in good form necessitates tracking immediate tasks, monitoring long-term projects and, most importantly, maximizing the finite business hours within which we operate.

    Discovering how we are best equipped to manage our time effectively is something we can all strive for, a process that is ultimately unique to each of us. To see the creation of a structured, strategic approach to achieving our professional and personal goals is to see time management in action.

    Related: 15 Time Management Tips for Achieving Your Goals

    The relationship between time management and mental health

    It is helpful to recognize the connection between time management and mental health. The two are intertwined, affecting our ability to achieve a positive work-life balance and our ability as professionals to lead effectively.

    As Deanna Ritchie, editor-in-chief at Calendar, wrote, “Time management and anxiety are cyclical, where poor time management can cause anxiety and high anxiety can result in unmet deadlines.”

    Those who struggle with time management can experience heightened health concerns, including stress and anxiety, mental health issues such as anxiety and depression, and insufficient or disturbed sleep.

    Conversely, as an individual’s mental health progresses, there’s a natural correlation to their quality of life improving.

    Related: 5 Reasons Why You Need to Learn Time Management for Your Business

    Finding the ways that work for you to improve time management skills

    To succeed, we must all manage our time effectively — this is an idiom we can all agree on. But how, specifically, does one define time management?

    In truth, time management will vary for everyone. Every job, every position, regardless of industry, requires achieving certain goals. How that is best accomplished is dependent on the uniqueness of the individual. While the minutia may differ, there are proven strategies that can help guide our ability to effectively manage our time to benefit our mental health.

    1. Benefits of breaks
    2. Tales of tomorrow
    3. Plan of attack
    4. Mind and body
    5. Death by distractions

    Benefits of breaks

    It may seem like an insignificant action to prioritize, but the benefits of frequent, brief breaks to refresh and refocus our brains and vision can’t be understated.

    You may choose to implement the Pomodoro technique, which calls for a 25/5 routine: work focus for 25 minutes and take a five-minute break. Or you might find the research-backed 52/17 technique popular in 2014 best suited for you: for every 52 minutes of work, take 17 minutes off.

    What matters is that you discover the pattern that works best for your mind and integrate it into your work life.

    Related: 3 Proven Strategies on Taking Breaks That Will Help You Become More Productive

    Tales of tomorrow, tasks for today

    Whether it’s easier for you to start each morning mapping out what needs to be accomplished during the day ahead, or your brain prefers to write out the specifics of what the next day holds, what matters most is having a game plan to guide you throughout your days. Consider investing in a to-do list app or notebook to make it easier to create, edit and add to your list.

    Plan of attack

    Finding the calendar app that best suits your needs will go a long way in streamlining your work life, bringing structure and clarity while delivering ease of use. Researching the options on the market will help make the decision a simpler one. Beyond staples like Google, Outlook and Apple, there are plenty of possibilities, including Calendly, Any.do, Calendar and Fantastical.

    If your day-to-day, weekly or monthly obligations include extensive meetings and appointments, quality scheduling apps are available to smooth out an often arduous process.

    Mind and body

    Any effort to improve our ability to manage each day will go nowhere if our physical health is lacking. The mind can only accomplish as much as the body allows it to, so it’s critical to value our sleep, monitor our nutrition and exercise regularly.

    • Adopting healthy sleep habits requires intentionality, but experiencing consistent, quality rest can be transformative. According to the Division of Sleep Medicine at Harvard Medical School, a regular sleep schedule (Sunday through Saturday) maintains the body’s internal clock, streamlining its ability to both fall asleep and wake up more easily.
    • The health benefits of exercise are well known, but new research has highlighted the value of short, five to 10-minute workouts. If you struggle to fit exercise into your days, consider finding simple, hassle-free options to try.
    • Healthy eating doesn’t have to be overly complicated! A bit of research can yield many simple, straightforward tips, from portion control, flavor hacks and eating the rainbow, to weekly meal prep and the power of the slow cooker.

    Death by distractions

    Three words: Turn off notifications. From social media updates to news alerts, text messages and app alerts, our phones are a constant distraction — and they are only one part of a bigger picture of daily distractions, of which we all have unique challenges. Whether you choose to utilize Apple’s Focus Mode or the Android version, a variety of tools are available that can help you start to mitigate death by distractions.

    Related: How Are Time Management and Mental Health Related?

    Work-life balance benefits from time management skills, mental health focus

    Our ability to accomplish what needs to be taken care of in our professional lives depends heavily on the effort and energy we invest into mastering the art of time management. Similarly, taking steps to assess and improve one’s mental health goes a long way toward creating and sustaining a positive work-life balance.

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    Summit Ghimire

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  • These Are the World’s Dream Jobs—No. 1 Soars Above the Rest

    These Are the World’s Dream Jobs—No. 1 Soars Above the Rest

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    Although the youngest generation in the workforce might not dream of labor, most people want some say over how they spend their 9-to-5.

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    Amanda Breen

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