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Tag: Workplaces

  • Why Work-Life Balance Is a Myth That’s Making Entrepreneurs Miserable | Entrepreneur

    Opinions expressed by Entrepreneur contributors are their own.

    We’ve seen all the think pieces about work-life balance. We’ve heard plenty of opinions from burned-out employees and concerned health experts, and even seen travel blogs touting countries like New Zealand and South Africa to find the perfect utopia where ‘work to live, not live to work’ exists.

    But what if none of it is real? What if everything we’ve been led to believe about work-life balance is just a myth, and thinking we are failing in the mission leaves entrepreneurs miserable and unfulfilled?

    I remember feeling this way when I first started my company, BriteCo. I was plagued with the thought that I was not giving enough hours to my business or that I was not committed enough as a father and husband when I was at home, if I spent too many hours at the office. The ideology bogged me down until I shifted my perspective and began to think of this preconceived “work-life balance” as “work-life mastery” instead.

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

    It’s not one or the other — It’s both

    The breakthrough came when I stopped asking, “How do I separate work and life?” and started pivoting to “How do I make work worth integrating?”

    Everyone talks about work-life balance as two polar entities: You have your work life and your home life, and they’re completely separate, never to meet. But that belief is where burnout happens.

    Instead, learning to blend the two and finding ways to integrate and intersect is where there is real power and personal reward. This doesn’t mean you have to work 24/7/365. It means being intentional about what deserves your attention — and when.

    Related: Are You Overlooking the Mindset Shift That Transforms Good Leaders Into Great Ones?

    Making work meaningful

    First and foremost, you should enjoy your work. As entrepreneurs, this is pivotal. You’re going to invest many, many hours, especially in the beginning, so rather than begrudge it, embrace it.

    Having a strong passion for your business and the services or products you offer will help drive your success: It will help you solve problems and keep your curiosity firing. However, the other benefit is that when you enjoy what you do, the rules for structuring work are thrown out. You’ll soon realize you don’t have to gate work outside your life but can keep both doors open and accessible at all times.

    Finding time for personal time

    It should go without saying that you should absolutely schedule personal time — take days off, take vacations, show up for family time. But maybe taking a day off leaves an hour for a board meeting before you go. Maybe weekends also offer a chunk of time to catch up on menial tasks, so they don’t waste your attention during the work week.

    When I go home every night, I sit down and have dinner with my family. I’ll still throw the baseball with my son and make time to coach his baseball team. I’m not working during that time, but that doesn’t mean that whole evening or that whole Saturday is completely checked out. It doesn’t have to be a full workday, but the purpose is to be flexible with my time and optimize my efficiency.

    When I take vacations, I don’t completely shut off. I’ll still enjoy time away with my family, but I’ll check emails while we’re getting ready in our hotel and look for updates before going to bed. Doing so helps me stay even tangentially connected and offers a much smoother transition once I’m back to the office because I avoid the burnout of playing catch-up.

    Aligning business goals with personal growth

    What would shift if you viewed your business as part of your life’s purpose rather than something stealing from it? You’d probably have a whole new appreciation for what you do and the value it adds to your life.

    If accomplishing business goals doesn’t give you a rush of endorphins and a huge sense of personal accomplishment, you may want to reevaluate whether your current line of work is the best fit for you. If your work successes don’t also make you want to level up in the gym, at home or in your personal hobbies, then it’s time to start finding that inspiration and fusing it into your whole life.

    Whereas the old “work-life balance” model assumes work and life compete with each other and that you must escape one to enjoy or focus on the other, it’s time to flip the switch and invest in meaningful work that can energize your entire life.

    We’ve seen all the think pieces about work-life balance. We’ve heard plenty of opinions from burned-out employees and concerned health experts, and even seen travel blogs touting countries like New Zealand and South Africa to find the perfect utopia where ‘work to live, not live to work’ exists.

    But what if none of it is real? What if everything we’ve been led to believe about work-life balance is just a myth, and thinking we are failing in the mission leaves entrepreneurs miserable and unfulfilled?

    I remember feeling this way when I first started my company, BriteCo. I was plagued with the thought that I was not giving enough hours to my business or that I was not committed enough as a father and husband when I was at home, if I spent too many hours at the office. The ideology bogged me down until I shifted my perspective and began to think of this preconceived “work-life balance” as “work-life mastery” instead.

    The rest of this article is locked.

    Join Entrepreneur+ today for access.

    Dustin Lemick

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  • What To Do When Your Job Won’t Pay You More | Entrepreneur

    What To Do When Your Job Won’t Pay You More | Entrepreneur

    Feeling underpaid and undervalued at work? Gabrielle Judge, the creator of the Lazy Girl Jobs movement, is here to fix that. She’ll share her best strategies for accelerating your earnings and getting the raise or promotion you deserve.

    Register now for our upcoming livestream to gain insights on topics including:

    • How to maximize your time and money in the workplace

    • Leveraging pay transparency to get more money

    • What to do if you feel undervalued and underpaid

    • Strategies for getting a raise through job hopping

    About the Speaker:

    Gabrielle, as the visionary CEO and content creator behind Anti Work Girlboss, leads a social revolution reshaping the future workplace landscape. Her pioneering concept of the “lazy girl job” has captivated millions monthly, offering both relatable content and career inspiration. Her areas of expertise extend across work-life balance, branding for Gen Z employees, and forward-thinking perspectives on the future of work. Esteemed platforms like NPR, BBC, and TEDx have recognized her innovative contributions, inviting her to speak on her insights. Gabrielle’s groundbreaking ideas have also been spotlighted in over 10,000 global publications, including the Wall Street Journal, Bloomberg, Al Jazeera, and 60 Minutes Australia, underscoring her influential role in redefining career norms.

    Entrepreneur Staff

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  • How to Turn Your Hobby Into a Business | Entrepreneur

    How to Turn Your Hobby Into a Business | Entrepreneur

    Opinions expressed by Entrepreneur contributors are their own.

    A few years ago, my friend Sabah turned her passion for cooking into a chef-on-demand business. She started off serving her local Cleveland area, quickly grew to cover other major Ohio cities and plans to expand even further. She is just one of the many people I know who have turned their passion project into a successful business.

    We all have our passion projects. We do them because they’re fun, or we like the challenge, or they’re our way of doing some good in the world. From time to time, though, our niche interests and hobbies lead us to marketable ideas. For many, that’s as far as it goes; they don’t know how to take the next step.

    Sabah had a shortcut — she’s married to my friend and business partner, who knew not only the next step to take but all the steps after that. If you’re not lucky enough to have a spouse or friend who can help, here’s how to turn your passion project into a successful business.

    Related: Ten Tips To Turn Your Passion Project Into A Business

    Hobbies that make great side hustles

    So you have a niche hobby, and you’re wondering: How can I make some money from this? It’s important to remember that not all hobbies are created equal, financially speaking. And a niche interest that might have driven profits 20 years ago (collecting Beanie Babies, say) could be a financial sinkhole today.

    By keeping a pulse on the zeitgeist, you can anticipate trends and hobbies gaining public interest — and capitalize on those trends. Some, like the following, are side hustle ideas you could start at any time.

    Photography

    Senior portraits, weddings, special events, professional headshots — quality and affordable photography never lacks in demand. With a website highlighting your work, you can book clients and start earning money from your passion.

    Coding

    From bug bounty programs to website design, freelance coding offers major earning opportunities. A background in HTML, Python, Java, C++ or a myriad of other coding languages can be a financial boon.

    Home design

    If you designed your home to belong in an issue of Architectural Digest, others will take notice. Consult on color palettes, furniture selections, room layouts and lighting — and bring your curated aesthetic to the masses with a home design business.

    Video and audio production

    Whether promoting a brand on social media or starting a podcast, freelance producers can bring a marketing campaign to life. Sell yourself with past work, and mention your experience with programs in the Adobe Creative Suite or Pro Tools.

    Gardening

    Your green thumb could put some green in your pocket. The landscaping and gardening industry was valued at more than $250 billion in 2024, according to Mordor Intelligence, and if your own garden is thriving, you can fill a niche in your own (proverbial) backyard.

    Writing

    Can you construct clear and concise copy for a variety of clients? If so, the opportunities are as vast as your vocabulary. Wordsmiths can serve as speechwriters, copywriters, technical writers and ghostwriters, as well as assist with any editing needs.

    Baking

    Your beautiful cakes, cookies and baked goods could be more than delicious treats; they could be a source of income. Many entrepreneurs found success with home baking during the pandemic, and with proper planning and consistent clients, you can join them.

    Vetting if your hobby could be a business

    Before you make any hard commitments or major financial decisions, consider if your niche hobby can earn consistent money. Who is the target client? How much are current practitioners charging? How much money do you have saved? How much do you expect to make?

    It’s crucial to be clear-eyed about expectations before investing your own money into your venture. The following steps can help you assess whether or not to turn your passion project into a side hustle — or even a career.

    Run it by friends

    When we have that eureka moment, it sometimes blinds us to flaws in our logic. To get a quick check, run your idea by a few trusted friends. They might be able to point out roadblocks you didn’t think of or know a way to bring your idea to life. For Sabah, that meant asking other chefs for input. Avoid relying solely on one or two peoples’ opinions, but do gauge your friends’ enthusiasm. After all, close confidantes have your best interests in mind.

    Analyze the market

    Chances are, others have had your idea. Sabah wasn’t the first to think of a chef-on-demand service, but when she analyzed the market, she realized her idea could still work. Market analysis requires thoroughly researching consumer trends and expectations, market size and the demand for your offering.

    To truly excel, you must conduct a thorough analysis of your rivals. Although they might offer a comparable product, your goal is to surpass them. Analyze their customer feedback to identify gaps. When you look hard at similar businesses, you might find opportunities to fill the gaps they’re leaving.

    Network

    Networking with others who have launched their business or product can be invaluable. They’re ahead of you on the journey and can help you avoid costly missteps. If you’re lucky, you might find someone with similar experience and a willingness to mentor you. A good mentor can help you find the path forward when you hit a roadblock. Keep the lines of communication with your network and your mentor open. They know the twists and turns and can save you headaches and expenses.

    Devise a business plan

    Don’t invest significant money into a project before creating a detailed business plan. Prior steps, such as analyzing the market, will help you write this document, and you’ll want to come away with clear financial expectations. Do the math — calculate your startup and overhead costs, insurance, marketing budget, earnings expectations and taxes. This will give you some base-level expectations and a roadmap to funding, if necessary.

    Getting your side business off the ground

    You’ve done your research. You’ve talked to friends and other entrepreneurs. You’ve analyzed the market and built a business plan. Now it’s time to take the first big step: getting your side business off the ground.

    Turning passion into profit takes work. Don’t be discouraged. There may be moments of doubt and anxiety as your business slowly ramps up. Lean on mentors, and consult your business plan. Like Sabah, if you’ve done the proper pre-launch work, you can keep your head down and follow the roadmap. The following steps can position you for success when turning your niche hobby into a business.

    Build an MVP

    In the software development world, a minimum viable product (MVP) is a way to test your idea with a small group of early adopters. It’s essentially an early product version with just a few core features. For Sabah, the MVP was a limited menu with a select set of chefs — and she was one of them. Once she proved her idea would work, she hired more chefs and added more meals to the menu based on the feedback she got from her customers. Early and genuine feedback is the goal of an MVP. After all, it’s easier and less expensive to make changes at the beginning of the development cycle than in the middle of it.

    Related: 5 Tips for Solidifying MVP, and Why It’s the Most Important Aspect of Building a Startup

    Set achievable goals

    Be realistic about your first-year financial expectations. In fact, it’s common for new businesses to lose money in their first year of business as they pay back initial investments and build consistent customer bases. Sabah set goals — both financial and personal — that she could reasonably achieve. But don’t mistake this for easy goals. You should be ambitious but practical when planning to achieve your goals.

    Get help

    Sabah didn’t build her business alone. She knew she needed help building the web applications her fledgling company needed and outsourced that work. Trying to do everything leads to stress, burnout and costly mistakes. It also takes you longer to get to market and could mean competitors beat you to the finish line. Engage freelance help or outsource product development to a team with the knowledge and bandwidth to quickly build a high-quality product.

    Knowing when to get help involves recognizing your strengths and weaknesses. Maybe you can build the product but need help with market analysis. Or maybe you need help with building a brand identity and marketing the product. Outsourcing some of the work frees you up to focus on what you’re good at and can take stress off your shoulders.

    Related: Asking For Help Is Good For You and Your Business

    Keep your finger on the pulse

    Markets and trends can shift rapidly, so it’s essential to keep tabs on competitors and monitor your customers’ needs. The last thing you want is a product that’s outdated by the time it launches or a business plan built around last year’s “it” thing. By staying up-to-date on market and cultural trends, you can be ready to shift priorities when the time is right.

    It’s been a joy to watch my friend’s business grow. She’s met challenges with grace and never lets setbacks slow her down. And that, too, is key to turning your passion project into a successful business: believing in your vision enough to stick with it, no matter what.

    Bidhan Baruah

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  • These Are the 10 Most Difficult Conversations in the Workplace | Entrepreneur

    These Are the 10 Most Difficult Conversations in the Workplace | Entrepreneur

    Sometimes, navigating the workplace requires hard conversations — whether it’s asking for a raise, delivering bad news or owning a mistake.

    It can be tempting to put off those difficult discussions, and many people do. A survey from VitalSmarts revealed that more than 80% of workers are hiding from at least one uncomfortable conversation.

    But not confronting workplace issues head-on will only hold you back.

    Amanda Breen

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  • 3. Stop Annoying Your Colleagues: Fix These 6 Behaviors Today | Entrepreneur

    3. Stop Annoying Your Colleagues: Fix These 6 Behaviors Today | Entrepreneur

    Opinions expressed by Entrepreneur contributors are their own.

    Many of us like to think we’re highly self-aware, but most of us are not. Emotional intelligence is hailed as one of the hallmarks of a great leader. It’s a hot topic in the workplace, and numerous research organizations have produced studies that say emotional intelligence comes down to a handful of factors — including self-awareness, emotional regulation and empathy.

    But why do we think we are more aware than we are? It’s because we don’t get enough feedback on how we come across to others. This leaves us with blind spots when it comes to understanding how others view us. You might think you’re a star employee and desirable peer, but you could make others more uncomfortable. As a mentor and leadership coach, I’ve identified six behaviors that you should address and fix if you want to maintain and grow a better workplace relationship with your peers.

    More from the author: 6 Habits of Powerful People

    Amy M Chambers

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  • The Importance of Building Trust When Working Remotely or From Home | Entrepreneur

    The Importance of Building Trust When Working Remotely or From Home | Entrepreneur

    Opinions expressed by Entrepreneur contributors are their own.

    Before the pandemic, one of the most pressing questions about work was whether working from home was feasible. Now, with the crisis having accelerated the adoption of newer technologies by up to seven years, the question for most businesses is not whether working from home is possible but whether working from home or going into the office is better.

    Employers have many points to consider in this decision, such as their budget, the nature of the work, and the number of employees. But the most important factor that weighs into the equation is trust.

    Related: 3 Ways to Build Trust Among Employees

    Workers are adults, so treat them as such

    Consider a parent and their child. If the parent didn’t trust their child, they might not send the child to school or let them explore the world. Instead, they would micromanage and tell the child what to do about everything.

    Good parents want to build a trusting relationship that matures to a level where, even though the parent and child eventually might not be together, the parent knows the child is doing well and has learned enough to be successful on their own.

    The employer-employee relationship is much the same. Employees are already at their own level of success. They have learned enough that they do not need the employer to micromanage everything for them. So, why would an employer want to make the employee dependent on the employer to make the work-from-home decision? The employees are capable of making that decision for themselves. The simple answer is trust. They need employers to trust them if they are going to keep growing and doing their best work.

    Underneath this point, there is a difference between micromanaging and mentoring. Micromanaging means that the person in authority forces someone to act or think a certain way and gives them no choice. But with mentoring, directives and boundaries are respectfully done. The person being mentored has clear guidance, but they are free to make their own decisions and learn from their wins and losses. A mentoring employer would clearly explain to workers the pros and cons of each setup and trust that workers will make the decision that gets good outcomes for both the workers and the employer.

    Related: 10 Tips to Unlock Better Collaboration and Creativity for Remote Workers

    Finding the truth about what’s happening

    Employers have many legitimate reasons why they might want to bring workers back to the office. People need emotional and physical contact — workers might genuinely miss each other. There might be some gap in digital communication that cannot be felt until people see each other — perhaps they are missing the water cooler effect.

    Many employers have said their plan to bring employees back into the office is due to productivity. But even looking at productivity can be misleading. An employer might be convinced that the organization is not getting as much return as it would if workers were in the office. They might think that, by bringing people back to the office, they can train, supervise, and make those people better employees.

    But it could be that some of the workers the employer is measuring may not have been that productive initially. It’s just that having the workers work from home forced the employer to do a formal measurement of productivity, which made the lack of productivity from those workers more obvious. Employers need to examine their situations holistically and be open-minded to alternative explanations for what they see to ensure their assessment of what is going on is accurate.

    Related: We Know Return to Office Mandates Backfire — So Why Are Tech Giants Like Amazon, IBM and Zoom Reinstating This Outdated Policy?

    Challenge, connect and collaborate

    Even though the senior-most person might not have enough experience to make a decision, they often do make the decision because it is expected. With work-from-home, this might mean that an executive who has never handled a work-from-home setup decides workers should return to the office only because many companies are doing it.

    But in an open-minded organization, other people are allowed to brainstorm with the senior-most person. They will examine and challenge the executive’s decision, not to denigrate but to improve the outcome. Collaborative brainstorming allows leaders at all levels to properly articulate who should consider coming into the office, when, why, and so on, rather than simply handing down the decision.

    To grasp why this is so important, think of an employee who loves their job but has moved two hours away because the employer said they were okay with a work-from-home setup. If a leader then says the employee has to come back to the office, that employee might be scared they are going to lose their job. They might say to themselves, “I don’t want to sell my house. I don’t want to uproot my family and move.”

    So employers need to understand that people are not all the same. Workers all have different attitudes, aptitudes, experiences and education. They each thrive in their own environment, and if an employer puts them out of their environment, they become like whales stranded on an island — they don’t fit. If employers and employees take the time to get to know each other online and offline, they will understand these differences better, making the work-from-home decision easier and improving buy-in.

    Because employees must get to know each other, employers must figure out the best way to encourage people to meet, bond, and collaborate during work hours. There are many tools to unite employees, and what works for one organization might not work for another. Workers might try having an online pizza party where the team members might not be physically present but are all participating in their homes on video. Workers need to have opportunities to train in a way that matches their rhythm to the rhythm of the other employees.

    Related: The Most Common Work From Home Problems — And How to Solve Them.

    All for one and one for all

    Every organization has its own resources, goals and cultural expectations. So workers and leaders must approach the work-from-home decision objectively and think about what’s best for their own business. However, employers should not force the decision authoritatively on their workforce. Instead, they should make people part of the decision-making process so that, regardless of whether workers stay home or come back to the office, it’s clear that there is reciprocal trust serving as a foundation for the choice. The more people are willing to learn about each other, the more natural this collaboration will feel, and the more positive the results will be. My 2 cents: to make this happen, a certain number of leaders need to be together, like an office, to bring strategies that benefit all stakeholders to reality.

    Par Chadha

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  • Overwhelmed By Notifications? Here’s How to Streamline Your Communication Channels | Entrepreneur

    Overwhelmed By Notifications? Here’s How to Streamline Your Communication Channels | Entrepreneur

    Opinions expressed by Entrepreneur contributors are their own.

    In today’s digital world, we use many ways to talk to others every single day, whether it comes to work or personal matters. We send emails, chat on messaging apps and use social media. But sometimes, all these messages can get confusing. Learn how to make your communication easier by using different messaging channels for different business purposes.

    Are emails old-school?

    No, in fact, email remains the cornerstone of professional communication. Period. Its formal and structured nature makes it ideal for external correspondence, official documentation, and client interactions. Additionally, important emails offer a written record of communication, making it easy to reference past conversations, agreements and decisions. My company keeps all professional communication with partners and portfolio companies within emails. This documentation is crucial for legal, auditing and accountability purposes.

    We’ve all been in situations where we’ve asked someone to “send something via email to ensure it doesn’t get lost.” So, yes, you can easily flag, pin and highlight threads or single conversations and retrieve any information when you need it – email threads allow users to track the history of a conversation, making it easier to follow the evolution of discussions and decisions over time. In terms of security, many email platforms offer robust security features, including encryption, to protect sensitive information. For a company, this is also a crucial aspect.

    We all value professional and personal privacy. I love email, and if I see an important email and don’t have an opportunity to read it carefully, here is what I do: I open it, read it quickly, then close it and mark it as unread. Sometimes, it is easy to get lost in open emails; in this case, I know I will get back to it when I have dedicated time for it.

    Related: A Quick Guide to Email Etiquette (Infographic)

    LinkedIn: professional networking and personal brand

    I personally love LinkedIn. It is a premier platform for building and expanding professional networks and connecting with colleagues, peers, clients, industry experts and potential business partners.

    I have one habit when it comes to this social media – I try to read and respond/react to every message I get, except for obvious scams. I receive many messages on LinkedIn every single day – some of them are work-related (e.g., messages from founders, potential partners, and other players in the innovation ecosystem), while others are more personal and not within the scope of our fund.

    It’s a great place to share best practices, keep up with the latest innovation and venture trends, and stay updated on industry matters.

    However, when I spot an opportunity or an important issue to discuss, I always transition the communication to email, where I include relevant colleagues in the conversation. It is entirely acceptable to request that your counterpart switch communication to email instead of continuing the conversation via LinkedIn.

    Related: LinkedIn Changed Its Algorithms — Here’s How Your Posts Will Get More Attention Now

    Telegram: Stay up-to-date with groups and channels

    Telegram is the 10th most popular mobile messaging app in the US. It’s no wonder its popularity has soared in recent years. In fact, many WhatsApp users switched to Telegram to take advantage of its robust privacy features.

    Telegram is my personal favorite. We use this platform for all our work-related communication regarding urgent matters and to communicate with our portfolio companies. I have more than 20 chats, each dedicated to a specific subject, with certain people from the company.

    When we launched our Softlanding program last year, we were deciding how to keep in touch with participants, sending schedules, relevant info and more. We figured out that Telegram is the perfect tool for that because it supports group chats and channels with many participants. On top of everything, Telegram offers cloud-based storage, allowing users to access their messages and files from multiple devices. This feature enhances accessibility and data backup. In our case, it was the most convenient messenger for file sharing and communication.

    We also have our open Telegram channel to share news and key insights about venture capital in the USA. Telegram supports various message types, including text, multimedia files, voice messages, and documents. This versatility allows for effective communication and file sharing (e.g.reports, analytics), which is very convenient when you need to transfer something that email storage doesn’t support.

    Related: Privacy Insight: Whatsapp Vs Signal Vs Telegram

    While Telegram has numerous advantages for business communication, organizations need to assess their specific needs, consider security and privacy requirements, and choose communication tools that align with their objectives and industry regulations.

    Each platform serves specific purposes, whether it’s the formality and professionalism of email, the networking power of LinkedIn, or the real-time communication of Telegram and WhatsApp. The key lies in strategically separating and using these channels to tailor your communication to the right audience and context. This approach will help businesses maintain professionalism and streamline internal discussions.

    Zamir Shukho

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  • 4 Myths About Women in the Workplace, Debunked | Entrepreneur

    4 Myths About Women in the Workplace, Debunked | Entrepreneur

    The “glass ceiling“(a metaphor used to represent the barrier preventing women from ascending to senior-level leadership) is often referred to as the major hurdle for women in the workplace, but it might not be the whole story.

    In a new report, consulting firm McKinsey & Co. and Lean In, a nonprofit founded by former Meta COO Sheryl Sandberg, have debunked what they say are four “myths” about the state of work for women in 2023, emphasizing that the “broken rung” (a lack of women being promoted early in their careers) is a greater obstacle than the “glass ceiling” for career advancement.

    The report found that gender disparity begins early with fewer women given entry-level promotions, and it continues throughout leadership shifts in an organization, resulting in fewer women being promoted to senior positions.

    From microaggressions to a perceived need for flexible work schedules, the report found several ways in which women are held back in the workforce. To start, in 2023, for every 100 men promoted to entry-level managerial positions, only 87 women made the cut. The number rises to 91 for white women, and 89 for Asian women, but falls significantly to 76 and 54 for Latina and Black women, respectively.

    Related: 6 Ways to Cultivate a Diverse and Equal Workplace

    Here are four debunked “myths” about the state of women in the workplace, according to McKinsey & Co. and Lean In.

    1. The biggest barrier to women’s advancement is the ‘glass ceiling.’

    Reality: The “broken rung,” or the lack of promotion early on in one’s career, is what hinders women’s career growth.

    The “glass ceiling” is often seen as the primary hurdle for women in career advancement. But in reality, the study found, it’s actually the “broken rung” — a barrier that occurs early in one’s career, suggesting that climbing the metaphorical career ladder (for example, going from manager to director), is a far more significant hurdle.

    2. Myth: Women are less ambitious.

    Reality: Women are just as ambitious as men, and more ambitious than ever.

    Women exhibit a similar level of commitment to their professional growth and a comparable desire for career advancement as men, with 81% of both men and women reporting “interest in getting promoted to the next level,” according to the report.

    Furthermore, eight out of ten women express a desire to be promoted to the next level within the year — an increase from seven out of ten in 2019.

    3. Myth: Microaggressions have a ‘micro’ impact.

    Reality: Microaggressions have a wide and lingering impact on women.

    Microaggressions can manifest as subtle verbal or non-verbal behavior or comments, usually based on a person’s race, gender, ethnicity, sexual orientation, or religion, that communicate derogatory or negative messages.

    According to the report, these instances can have a negative and lasting impact on women more than men, making women 4.2 times more likely to “almost always feel burned out,” 3.8 times more likely to “feel they don’t have an equal opportunity to advance,” and 3.3 times more likely to “consider leaving their company.”

    Related: What Do You Do When Your Colleague Is Biased? Try These 5 Phrases to Professionally Call It Out.

    “By leaving microaggressions unchecked, companies miss out on everything women have to offer and risk losing talented employees,” the researchers wrote in the report.

    4. Myth: It’s mostly women who want— and benefit from — flexible work.

    Reality: Both men and women view flexibility as a top employee benefit.

    The majority of employees consider the opportunity to work remotely and have control over their schedules as top-tier company benefits, ranking second only to healthcare, the report found.

    Among those who work remotely, 29% of women and 25% of men highlight that one of the primary advantages is experiencing “fewer unpleasant interactions” with colleagues. However, a larger proportion of women (53%) mention a reduced sense of pressure when it comes to managing their personal style or appearance as compared to men (36%).

    Madeline Garfinkle

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  • The Rise and Impact of Independent Contractors in 2023 | Entrepreneur

    The Rise and Impact of Independent Contractors in 2023 | Entrepreneur

    Opinions expressed by Entrepreneur contributors are their own.

    This story originally appeared on Readwrite.com

    The seismic shift in the global workforce towards the inclusion of independent contractors has marked the dawn of a new era in employment trends. The democratization of work, propelled by technological advancements, legislative changes, and evolving worker preferences, has paved the way for this paradigm shift. In the 2020s, these contractors— once seen as peripheral players — have gradually moved from the fringes to the heart of the modern workforce, embodying a transformative trend that promises to redefine the future of employment.

    This article explores the journey of independent contractors, tracing their evolution from niche roles to mainstream workforce options. It analyzes how the acceleration of remote work, spurred initially by technology and later dramatically propelled by the COVID-19 pandemic, fostered an environment conducive to the growth of independent contractors. The increased reliance on the gig economy is also assessed, shedding light on its contribution to the surge of independent work.

    Related: Yes, You Can Use AI for Marketing. But Don’t Forget About the Benefit of Human Touch.

    Looking into the future, this piece explores the potential trends and challenges that independent contractors could encounter. The advent of Artificial Intelligence (AI) and automation, the continued rise of the gig economy, evolving legal landscapes, and the possible impact of broader economic and societal factors are all critically examined. These elements will undoubtedly shape the future of independent contractors in the workforce.

    Employment trends in the 2020s

    As we enter the third decade of the 21st century, one of the most notable shifts in the labor market has been the rise of independent contractors. This trend is not just a minor blip on the radar but a significant shift reshaping the nature of work, employment, and business operations.

    Shift toward remote work

    The shift toward remote work has played a significant role in the rise of independent contractors. Technological advances, particularly the widespread availability of high-speed internet and the development of various digital tools and platforms have made it possible for individuals to work from anywhere in the world. This shift has increased the demand for independent contractors and created an environment where it is easier for individuals to start and operate their own businesses, often working as independent contractors themselves.

    The move toward remote work started to gain momentum in the early 2000s, but it was the COVID-19 pandemic that really accelerated this trend. As businesses were forced to close their offices and shift to remote work, they had to rethink their staffing strategies. Many found that hiring independent contractors already set up to work remotely was an effective solution. This shift has not only led to a rise in independent contractors but has also opened up a whole new world of opportunities for individuals and businesses alike.

    The gig economy

    The gig economy, characterized by short-term, flexible jobs often facilitated by digital platforms, has also contributed to the rise of independent contractors. Gig workers, who are usually classified as independent contractors, offer services per job. This includes everything from ride-share drivers to freelance writers and graphic designers.

    The gig economy has exploded in recent years, driven by the desire for flexibility and the ability to work independently. For businesses, the gig economy offers a flexible workforce that can be scaled up or down depending on demand without the overhead costs associated with traditional full-time employees. For workers, the gig economy allows the freedom to choose when, where, and how much they work.

    Changes in employment legislation

    Changes in employment legislation have also played a role in the rise of independent contractors. In many countries, employment laws have been updated or revised to reflect the changing nature of work. These changes often focus on providing more protections for independent contractors, recognizing their growing importance in the modern workforce.

    How have independent contractors changed in the past decade?

    From peripheral to mainstream: The rising role of independent contractors

    A decade ago, independent contractors were a peripheral part of the workforce. They were typically engaged in specialized tasks that were not within the core competency of organizations. However, over the years, they’ve moved from the fringes to the core of the workforce.

    Related: Do This Simple Exercise to Unlock Your Potential, Says the Psychologist Who Coined the Phrase ‘Growth Mindset’

    Today, independent contractors are integral to the functioning of many organizations. They bring in unique skills and flexibility that allow organizations to adapt quickly to changing business landscapes. The rise of independent contractors has been facilitated by several factors, including technological advancements and changing workers’ attitudes and preferences.

    Technological innovations facilitating independent work

    Technology has played a pivotal role in the rise of independent contractors. The advent of digital platforms has made it easier for organizations to connect with independent workers.

    These platforms have increased the visibility of independent contractors and made it easier for them to find work. They have also simplified managing independent workers, making it more feasible for organizations to incorporate them into their workforce.

    Additionally, the proliferation of remote work tools, like project management software and video conferencing, has enabled organizations to collaborate effectively with independent contractors, regardless of location.

    Changes in workers’ attitudes and preferences

    Alongside technological advancements, there’s been a shift in workers’ attitudes and preferences. More and more workers, especially from Generation Z, are now seeking flexibility and autonomy, which independent work offers. Independent contractors have the freedom to choose their projects, set their own rates, and work at their own pace. The traditional 9-to-5 work schedule does not bind them, and have the liberty to work from anywhere. This shift in workers’ preferences has further spurred the rise of independent contractors.

    Future trends for independent contractors

    The continued growth of the gig economy

    Looking ahead, the gig economy is expected to continue its upward trajectory, propelled by its advantages to organizations and workers. For organizations, independent contractors offer a cost-effective way to access specialized skills. They also provide the flexibility to scale up or down depending on business needs. For workers, the gig economy offers the flexibility and autonomy that many seek in their work. The continued growth of the gig economy will likely further increase the prevalence of independent contractors in the workforce.

    The role of AI and automation in independent work

    AI and automation are set to play a significant role in the future of independent work. These technologies can automate routine tasks, allowing independent contractors to focus on more complex and value-adding tasks. They can also help match independent contractors with suitable projects, making finding work more efficient. However, they also pose a threat to jobs, especially those that involve routine and repetitive tasks. Independent contractors must continually upskill and reskill to stay relevant despite these technological advancements.

    Evolving legal landscape for independent contractors

    The legal landscape for independent contractors is also evolving. Governments worldwide are grappling with the challenge of protecting independent contractors’ rights while fostering the growth of the gig economy. Some countries are introducing laws to provide independent contractors with benefits typically associated with traditional employment, like paid leave and health insurance. However, these laws also risk stifling the flexibility that makes independent work attractive. Striking the right balance will be a key challenge for policymakers.

    Potential impact of economic and societal factors

    Economic and societal factors could also impact the future of independent contractors. Economic downturns, for instance, could lead to a surge in independent work as organizations look to cut costs. Conversely, economic booms could decrease independent work as organizations have more resources to hire full-time employees. Societal factors, like changing attitudes toward work-life balance, could also influence the prevalence of independent contractors. The demand for independent work could increase if more workers prioritize flexibility and autonomy.

    Conclusion

    In conclusion, the rise of independent contractors has been a significant shift in the modern workforce. This trend is likely to continue, driven by technological advancements, changing workers’ attitudes, and the evolving economic and legal landscape. As we navigate this new world of work, organizations, workers, and policymakers must understand and adapt to these changes. Independent contractors are here to stay, and they will play an increasingly important role in shaping the future of work.

    Gilad Maayan

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  • 10 Things to Consider When Shopping for a Coworking Space | Entrepreneur

    10 Things to Consider When Shopping for a Coworking Space | Entrepreneur

    Opinions expressed by Entrepreneur contributors are their own.

    This story originally appeared on Under30CEO.com

    There are many benefits to having a coworking space, whether you’re shopping as an individual or on behalf of your business. But if you want to make the right decision, you’ll need to make sure you’re comparing spaces logically and methodically.

    That decision is more difficult than ever, considering the number of coworking spaces in major cities around the country. But if you reduce your decision to a few primary factors, it becomes much easier.

    The diversity of coworking spaces

    Coworking spaces were once a rare novelty — but now that remote and hybrid working has become more popular, the number of available coworking spaces has exploded.

    Related: AI Is Making Market Insights Accessible to Businesses of Any Size — Not Just the Big Names. Here’s How You Can Use It.

    There’s a coworking space out there for everyone. If you want a budget space, it’s there. If you want all the amenities, you can get them. Some spaces try to give their members a little bit of everything, but because everyone has different wants and needs, there’s really no such thing as a perfect coworking space.

    You’re probably not going to find a coworking space that’s perfect, but with the right criteria, you can find one that’s ideal for your set of priorities.

    Things to consider when shopping for a coworking space

    For most people, these are the most important things to consider when shopping for a coworking space.

    1. Location

    First, you’ll need to think about the location. Most people don’t want a lengthy commute, nor do they want to work in a location that makes them feel unsafe or uncomfortable. Generally, people want a coworking space that’s as close to them as possible, though you may also want a space that’s closer to a city center if you want to be where all the action is happening. Lucas Seyhun, creator of coworking space TheFarmSoHo, says, “Our clients often choose our space because it’s close to them – and being close to some of the best restaurants in the city doesn’t hurt,” according to Under30CEO.com.

    2. Parking

    If you currently drive as a primary form of travel, you’ll need to make sure there are parking spaces available for this coworking space. Otherwise, you’ll want to look for a coworking space that has convenient access to public transportation. It’s a little thing, but the right dynamics here can save you at least several minutes a day – and several hours every year.

    Related: Successful People Have 2 Types of Goals, a Stanford-Trained Mindset Expert Says. Without Both, You Won’t Reach Your Potential.

    3. The view

    When you look out the windows, what do you see? Do you get to look at a broad, beautiful forest? Do you get to people-watch as thousands of people walk the sidewalks? Or, do you have an amazing view of the city skyline? A good view can help you destress during the day and generally beautify the space.

    4. The atmosphere

    You should also consider the overall atmosphere of the coworking space, which you’ll only be able to fully absorb by visiting it in person. Does this space seem more formal or more casual? Is there a lot of background noise, or is it relatively quiet? Are people friendly and outgoing, or do they mostly keep to themselves? There’s no true ideal in any of these categories; what matters is that you find a space with an atmosphere that’s going to be conducive to your work.

    5. Available amenities

    There are countless potential amenities you could enjoy in a coworking space; it all depends on what’s offered by the owners. You might have access to meeting rooms, free coffee, high-speed internet, break room luxuries, or in rare cases, even an in-house production team. Keep in mind that the more amenities there are, the higher the price is likely to be.

    6. Accessible space

    How much space is available and is this always accessible? For example, are there large meeting rooms that you can take advantage of? And if so, are you required to submit reservation requests in advance of your need? If you wanted to take a break and walk around the office, could you do so effectively?

    7. Flexibility and accessibility

    Some coworking spaces are functionally open 24/7, giving you a key card that can grant you access at your discretion. Others are only open during business hours, and only during weekdays. If you work conventional hours, this factor may not matter much to you. Otherwise, you’ll need to find a space that accommodates your most productive hours.

    8. Privacy potential

    Some coworking spaces are very open, enabling people to converse and collaborate freely. Others are more private, giving people isolated individual space. It’s up to you which one you prefer.

    9. Security

    Location has an impact on your safety and security, but you should also consider additional security measures, such as the presence of a security guard or active security cameras. Safety-conscious spaces can be highly advantageous.

    10. The price

    The cost for a single desk in a coworking space is usually somewhere between $200 and $700 per month, but this varies heavily depending on where the space is and what it offers. You might be able to find limited accommodations for less, and incredibly luxurious accommodations for much more. Your budget may be a highly constraining factor, so the price of a coworking space bears heavy weight.

    What are your most important priorities? How do you envision using a coworking space for your business or career? No matter what, there are probably options available to you. Do your due diligence, see what’s out there, and pull the trigger when everything seems right.

    Under30CEO Staff

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  • Ageism Against Women in Top Jobs Persistent, New Survey Says | Entrepreneur

    Ageism Against Women in Top Jobs Persistent, New Survey Says | Entrepreneur

    This article originally appeared on Business Insider.

    Julie O’Neill spent nearly three decades as a top anchor for Cincinnati’s WCPO news station, but early last year, her career took a gut-wrenching turn.

    Despite her longtime coverage of the Cincinnati Bengals, O’Neill was passed over in favor of a younger, male colleague to report on the team’s 2022 Super Bowl appearance. Soon after, she said, she began receiving complaints from the station’s news director about a decline in her performance. Puzzled, she began recording footage of her segments, hoping to identify and correct any stumbles. The exercise left her only more confused. Her delivery seemed as strong as ever, she told me, and even her coanchor was perplexed by the feedback. Tensions between O’Neill and her bosses continued to escalate, she said, finally reaching a head in September when she was called into a meeting with management. In the meeting, O’Neill was told she would no longer be cohosting the network’s morning show and that her station contract would not be renewed after December 31. O’Neill recalled the station’s general manager citing her recent on-air mention of a colleague’s recovery from COVID-19 — which the colleague had posted openly about on social media — as the “disrespectful” final straw.

    “Until all the criticism started, I had had stellar performance reviews and was never, ever accused of being disrespectful or making people uncomfortable,” O’Neill said. At the time, she had a sneaking suspicion that her age and gender might have played a role in the abrupt turn of events, but it was an older, male mentor who made her see the connection as crystal clear.

    “He said to me, ‘When do you turn 55, Julie?’” she said. “And I said, January 9. ‘That’s interesting,’ he said. ‘Nine days after your contract was up, you were put out of the 18-to-54 demographic’” — the target age bracket for network-TV ad buys. (WCPO did not comment on Julie’s dismissal, but leadership has said, “We do not agree with many statements that have been made. As usual, we don’t talk about personnel matters publicly.”)

    The station’s leadership never said that O’Neill’s age was a factor in its decision-making. But she believes they didn’t have to. In her view, “they made it clear that I was not the future,” she said.

    No ‘prime’ age for women

    O’Neill’s account seems shocking but may be an all-too-familiar story for many women in leadership roles. A new, qualitative survey of 913 women across four disparate industries — law, faith-based nonprofits, higher education, and healthcare — found a dismaying amount of age-based discrimination against women in top jobs. The research, recently published in Harvard Business Review, found that many of the women surveyed reported being at the receiving end of age-related judgment that implied they were unfit for the job.

    Perhaps the most discouraging finding of the survey was that the ageist behavior wasn’t just directed toward one age cohort. For women under 40, ageism often showed up in the form of “role incredulity” — higher-ups (who were frequently, if not exclusively, men) registering surprise at their seniority, sometimes even calling them by condescending nicknames such as “kiddo” or dispensing pats on the head. (Previous studies have also found that women of childbearing age are routinely passed over for jobs or promotions because they could become pregnant.) Women over 60, on the other hand, reported being ignored altogether, their skills overlooked and their experience discounted in favor of “fresh, new ideas.” Many of the ageist dismissals echoed across age groups: Women who were up for jobs, promotions, or bonuses were told they either lacked experience or had too much of the wrong kind. Many also described hearing ageist remarks used to discredit other women who were up for professional opportunities.

    When you get a woman in her 40s or 50s who has progressed in her career and is probably more willing to speak her mind, I think it’s intimidating to the insecure men in our workforce.

    Amy Diehl, a gender-equity researcher and one of the coauthors of the new report, wasn’t surprised by the prevalence of ageism against the oldest and youngest women she and her colleagues surveyed. But she was taken aback by the extent to which middle-aged women like O’Neill reported experiencing age-related discrimination at work.

    “When men get to their 40s or 50s, they’re considered to be in the prime of their careers,” Diehl told me. Women of the same age, however, continue to bump up against “age-related constraints.”

    It is a grim irony that successful women in midlife, in particular, are so often made to feel as though they will be difficult or distractible while at the height of their professional prowess. The researchers believe that this happens precisely because middle-aged women feel they have less to lose by flexing their hard-earned expertise. Their confidence, and competence, makes them threatening.

    “When you get a woman in her 40s or 50s who has progressed in her career and is probably more willing to speak her mind, I think it’s intimidating to the insecure men in our workforce,” Diehl said. “They would rather diminish that woman, not promote her, keep her in her place. It’s not that they don’t want her in the workplace — they just want her in a role that’s going to support the men in the workplace and not compete with them. And certainly not give them a contrary opinion.”

    In the survey, middle-aged women described a wide variety of put-downs from higher-ups: concerns about “menopause issues” or vague accusations of being “difficult to manage.” Others reported being told that their phase of life put them at risk of “family-related issues” getting in the way of their job performance — a line of commentary directed against professional women across ages.

    “You’re too young and then, in a moment in time, you’re considered to be too old,” Diehl said. “There really is no sweet spot for women.”

    ‘Call it ‘sexism’ because that’s what it is’

    While age discrimination itself may not strike many as surprising, the fact companies are so blatant about it is shocking, especially in light of recent cultural shifts. Over the past several years, activist movements such as #MeToo and Black Lives Matter have helped raise mainstream public consciousness over systemic sexual harassment and racism. “Diversity,” “equity,” and “inclusivity” have entered the lexicon of corporate accountability. Companies have dutifully launched workplace-sensitivity seminars and adjusted their hiring practices; some have even set up entire human-resources departments dedicated to DEI. Whether or not these initiatives have proved successful in leveling the professional playing field, a majority of American workers say they appreciate the effort.

    Even as businesses have invested in building fairer work environments — or have, at the very least, invested in elaborate lip service to the cause — age discrimination against women workers not only persists but also is often perpetuated in plain view. Gendered ageism may even be the last acceptable form of workplace discrimination — and that’s even truer for women who are not white or who encompass multiple marginalized identities.

    The concept of aging is something that is socialized into our fabric to be acceptable to point out.

    How did this happen? The likeliest answer is also the simplest. Age is universal; everyone has one. Just as it’s become commonplace to debate generational differences and compare the (real or perceived) attributes of people who grew up in different eras, people feel generally OK discussing age out in the open.

    “The concept of aging is something that is socialized into our fabric to be acceptable to point out,” Amber L. Stephenson, another coauthor of the study, told me. “We are just so much more comfortable taking shots at different age stages or career stages, in comparison with other types of bias.”

    But the researchers are emphatic that in our appearance-focused, age-obsessed society, using a woman’s age against her in a professional setting is a mask to express the gender biases we have yet to truly shake as a culture.

    “Instead of ‘gendered ageism,’ we can just call it ‘sexism’ because that’s what it is,” Diehl said.

    Leanne M. Dzubinski, the third coauthor on the study, agreed: “When we put it together — that so many women, no matter what age they are, are always being told that they’re not the right age — then what we see is it’s actually just an excuse for sexism, period.”

    ‘They would rather keep her in her place’

    Research has found repeatedly that the public imagination of a “leader” remains static — and regressive. Men are more likely than women to be perceived as leadership material and overwhelmingly more likely than women to hold leadership positions across virtually every industry.

    This is not to suggest that all is hunky-dory for men in the workforce. Much has been written about the steady decline in employment among 25- to 54-year-old American men, and recent surveys have also indicated that men aren’t immune to workplace ageism. In one 2019 poll of 400 US workers ages 40 and older, more men than women reported experiencing or witnessing age discrimination on the job. Research has also found that older job seekers face age discrimination regardless of gender, despite a 56-year-old federal law that purportedly protects against older-age discrimination in employment. And, as always, race and identity stigmas play a significant role in predicting whether women will be hired, promoted, or recognized for their achievements.

    It’s undeniable that workplace age discrimination occurs across gender lines, but the qualitative experiences surfaced by Diehl, Stephenson, and Dzubinski help paint a picture of how an open culture around age discrimination can ultimately end up fueling good, old-fashioned sexism. The researchers urge women at the receiving end of superficial or immaterial workplace criticisms to recognize that age-related feedback — or negative character-based appraisals such as “being difficult” — are more likely to reflect on the shortcomings of their superiors than on their performance.

    O’Neill, the Cincinnati anchor, offers herself as a case in point. After departing from WCPO, she refused to sign the nondisclosure agreement that would entitle her to a job severance package and, instead, recently published a memoir about her career. Its 13th chapter details her final jarring months at the news station where she’d worked for 27 of her 31 years in broadcasting. This summer, O’Neill filed an age discrimination lawsuit against her former employer. Its allegations include her account of her termination and the lead-up to it. When asked to comment, the station said it does not comment on pending litigation.

    “People might look at my experience and say, ‘It’s not personal. It’s just business,’” she told me. “I say all business is personal because it involves people. And maybe that sounds a little idealistic, but I don’t care. That’s the beauty of being 55.”

    Kelli María Korducki is a journalist whose work focuses on work, tech, and culture. She’s based in New York City.

    Kelli María Korducki

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  • Everyone Is ‘Quiet Quitting,’ But Engagement Is Up: Report | Entrepreneur

    Everyone Is ‘Quiet Quitting,’ But Engagement Is Up: Report | Entrepreneur

    In a world still grappling with the aftermath of a global pandemic, the concept of work has shifted dramatically, and with the adoption of remote and hybrid models across a myriad of industries, some workers have adjusted better than others.

    According to the annual Global Workplace Study by Gallup released this month, which surveyed 122,416 employed individuals across the globe, only 23% of the world’s employees reported “thriving” in their jobs. In the U.S. the number is higher at 34%. The results are based on survey responses from April 2022 to March 2023.

    Still, when looking closer, the numbers reveal a staggering level of employees detached from their roles.

    The study also found that 59% of employees reported “quiet quitting,” while 18% were “loud quitting.” Echoing these numbers, 47% of workers in the U.S. reported intent to leave their job in the near future or are actively looking.

    According to the poll, low engagement can be financially taxing, costing the global economy a staggering $8.8 trillion, equivalent to 9% of the global GDP, the report found.

    Related: Elon Musk Says Remote Work Is ‘Morally Wrong,’ Calls It ‘Messed Up’

    The number of actively engaged employees stood at 52% for fully remote and onsite workers, but the number of those disengaged was 46% for remote workers, as compared to 38% for those onsite.

    While the level of engagement may seem marginal, it still marked the highest level of global engagement since Gallup began the study in 2009, as well as marking a significant improvement from the prior years, with engagement levels having rebounded after a dip in 2020.

    “People are a little bit more prone to drift to other employment, feeling less attached to the workplace,” said Howard Liu, chair of the psychiatry department at the University of Nebraska Medical Center, told The Wall Street Journal.

    Other experts told the outlet that onsite work can also lend to more engagement because of the sheer proximity to other people.

    “Think about social connection as a battery—you need to charge that battery every once in a while,” Dawn Klinghoffer, vice president for human-resources business insights at Microsoft, told the WSJ.

    Still, there are some advocates for remote work, and people who relish in the lifestyle. A 2022, survey by Cisco of 28,000 full-time employees around the world found that 78.9% of remote and hybrid workers said the shift improved their work-life balance.

    Also, remote work can pay off for some, literally. A 2021 study of nearly 2,700 Americans by Bankrate found that four in 10 (38%) of workers who were remote said it had a positive impact on their financials, a number that shoots up to 60% for millennials.

    The Effect of Remote Work on Local Economies

    The widespread adoption of remote and hybrid work can also have far-reaching effects beyond one’s productivity. With more people not going into the office, city centers in places like San Francisco and Philadelphia have been struggling as small businesses don’t have nearly as much foot traffic, ultimately hurting the local storefronts and causing spikes in crime.

    Related: ‘Never Going Back to the Way It Was’: Salesforce CEO Marc Benioff Has a Grim Outlook on a Once Bustling Downtown

    In both cities, the worker exodus has contributed to issues of crime and empty office spaces. In Philadelphia, office vacancy is worse now than it was amid the Great Recession of 2008, the WSJ reported.

    Paul Levy, chief executive of Philadelphia’s Center City District, told the outlet that he’s hoping to see occupancy levels in office buildings reach 75% (they’re currently at 57%), to secure the livelihood of the area by bringing back hospitality jobs and businesses that once thrived on a bustling district.

    “We’ve done everything we can to reactivate,” Levy added.

    Madeline Garfinkle

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  • 3 Tips for Improving a Difficult Workplace Relationship | Entrepreneur

    3 Tips for Improving a Difficult Workplace Relationship | Entrepreneur

    Opinions expressed by Entrepreneur contributors are their own.

    This story originally appeared on Under30CEO.com

    We’ve all heard the saying, “People don’t quit their jobs. They quit their bosses.” It’s an important professional truth and one that can apply to more than just a leader. Challenging relationships with co-workers, contractors, and professional peers, in general, can alter (and at times completely undermine) an otherwise positive workplace experience.

    If you’re struggling with difficult relationships at work, here are a few tactics to help you improve things moving forward.

    Kimberly Zhang

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  • ‘Micromanagement’ Tops Workplace Red Flags: Report | Entrepreneur

    ‘Micromanagement’ Tops Workplace Red Flags: Report | Entrepreneur

    Job searching can be like dating, and like dating, certain “red flags” might stand out, causing a prospect to turn into a hard pass. While these red flags (certain behaviors or practices that can signal a warning sign of an unfavorable environment) can vary from person to person, some hold significantly more weight than others.

    A new report from job site Monster surveyed over 6,000 workers and found that 73% said “micromanagement” is the biggest workplace red flag, with nearly half (46%) saying it would be a reason to leave a job.

    A close second was “favoritism” (72%) as the biggest red flag, followed by jobs that require more than three rounds of interviews (65%).

    The report also found the largest “pain points” felt among workers, with the biggest being meetings that “could have been an email” (59%), “non-flexible” work hours (51%), and weekly progress or “status” meetings (31%).

    Related: Avoid Nightmare Employers and Scams By Job-Searching Like a Journalist

    While some red flags may not present themselves until officially entering a work environment, there are some ways to spot them during the application process — so you can steer in the other direction.

    According to the job searching platform The Muse, some key things to look out for are “quirky” or ambiguous language in the posting, as it may imply the company lacks an identity or is “trying too hard”; unclear or excessive list of duties, as it may mean that the role will end up encompassing a myriad of obligations not on the description; and a wide salary range, as it could signal role ambiguity or that the company is not paying appropriately for the job.

    Related: Top Signs of a Toxic Workplace and How to Deal

    Madeline Garfinkle

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  • 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

    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

    Asim Rais Siddiqui

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  • How New Businesses Can Take Advantage of the Future of Work | Entrepreneur

    How New Businesses Can Take Advantage of the Future of Work | Entrepreneur

    Opinions expressed by Entrepreneur contributors are their own.

    The future of work we have all been waiting for came faster than we expected, completely reshaping how to start and run businesses. Enterprises and established businesses are currently struggling to rethink their offices and company culture as the human cloud and hybrid work models come into greater demand. Unfortunately, traditional organizational structures and 9-5 work cultures are difficult to break free from when they’ve been how the company operates for years.

    New businesses aren’t burdened by any existing, outdated processes and policies that can limit growth and productivity in the future of work. Today’s entrepreneurs and startup founders have the ability to organize their business from the ground up to take full advantage of the benefits of the future of work.

    So, if you were starting a new business designed for the future of work, what would it look like?

    Related: 4 Things for Employers to Consider About the Future of Work

    Incorporate distributed teams into your organizational chart

    Traditional companies have an established, top-down org structure, and any freelance, contract or gig workers are considered “other” or outside the organization. This structure isn’t viable in an era where the workforce is becoming increasingly freelance, contract, remote, fluid and distributed.

    Apart from showing each employee’s job and who is accountable to whom, a startup’s organizational structure streamlines the flow of communication and information from the company’s leadership to all workers and team members. The future of work demands a more flexible and inclusive organizational structure, bringing on board a fragmented workforce while fully addressing the roles and communication channels available between the organization and its team members working outside the company. Remote and distributed workers can help meet your company’s needs when their employer meets their expectations and fulfills their psychological needs of belonging and recognition.

    Adopt a non-linear chain of work

    When developing the org chart, you should also allow for more decentralized decision-making instead of a traditional hierarchy. As the work model gradually adopts the new concept of employment, startups and budding entrepreneurs must move away from the traditional top-down management structure and adopt a non-linear or decentralized business model. Top-down, linear management slows down the pace of work and limits the potential for team members to contribute innovative ideas.

    Decentralized decision-making will be particularly valuable as you embrace outsourcing and allow for the expertise of people outside the organization to be added to the conversation.

    Related: 4 Reasons Decentralized Business Management Is Booming

    Embrace outsourcing

    As companies look to innovate at scale, outsourcing software development and leveraging staff augmentation have become increasingly common. In fact, having a large in-house team isn’t really necessary at all in the future of work.

    Outsourcing development to distributed teams allows your company to stay lean while rapidly responding to the latest tech opportunities. By comparison, traditional companies that expanded their tech staff in the past several years are now being forced to downsize their teams as the overall market and tech landscape changes. In addition to avoiding the costs of constantly scaling up and down to meet your current needs, outsourcing provides access to expert software teams that can improve the speed and quality of your development cycles.

    Consider remote and asynchronous work

    The future of work increases the chances that you will end up hiring across international borders, as data from the Remote Workforce Report 2023 shows 44% of firms are increasing cross-border hiring. To fully enjoy benefits like greater productivity and higher retention rates, you’ll need to create corresponding distributed processes for your teams in different time zones and geographical locations that must work together to deliver results despite not sharing common office spaces.

    A change in the work environment demands a corresponding operational change to maximize efficiency and productivity; you may want to implement asynchronous processes instead of traditional ones. With remote teams, work will not be happening in the same place at the same time; you must establish async communication and coordination processes for remote workers because the future of work means work can happen in different places at different times. Going async from the start means workers don’t have to be online simultaneously, as they can work autonomously and still deliver expected outcomes.

    Related: How to Be a Truly Asynchronous Workplace

    Create workflows for distributed teams

    A recent study found that 72% of the polled workers wouldn’t consider accepting offers from companies that didn’t offer flexible work options, as they preferred a better work-life balance. As the future of work provides prospects for workers to operate from the most exotic places, you should future-proof your new startup by creating a workflow for your remote teams that makes work-related communication easy to increase productivity.

    Make plans for implementing clear and visible workflows showing how team members and managers collaborate to reap the benefits of remote working. A tailor-made workflow is a tool that will make it possible for your managers to track all tasks and focus on high-value tasks. More visibility, such as seeing teammates’ conversations on dealing with work-related obstacles, will help others learn lessons and avoid repeating the same conversations all over, thereby enhancing efficiency and creating better teamwork.

    Large organizations worldwide are already implementing new ways to stay ahead of the competition. Luckily, entrepreneurs have an advantage because they can design a business perfectly organized to take advantage of the future of work. As businesses rely on outsourcing, asynchronous work and distributed teams, the organizations that are best able to support these new structures will see the most success.

    Cory Hymel

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

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

    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.

    Amanda Breen

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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

    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.

    ReadWrite.com

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  • Ways To Make Your Team Feel Valued | Entrepreneur

    Ways To Make Your Team Feel Valued | Entrepreneur

    Every business leader dreams of having a company that runs like clockwork. One complete with the perfect team of highly dependable, timely and responsive, honest and hard-working employees driven by the organization’s mission and goals. Such a vision may seem impossible for every business to reach. Yet, the key to creating such a dream team is to consider a simple question: What makes employees feel valued?

    Related: 3 Red Flags on Your LinkedIn Profile That Scare Clients Away

    In today’s hyper-competitive business landscape, many employees have suffered from burnout, poor morale and productivity and job dissatisfaction. This has led to heightened employee turnover rates for many companies. When asked about how the pandemic has changed their feelings regarding work and life, over 50% of workers have said that they have questioned the value and purpose at work, along with expectations toward their employer.

    While an employee engagement survey by Lattice has shown that the need to feel a sense of belonging is somewhat generational, others point out that employees are more likely to be engaged, productive, and dedicated to a company’s growth when they feel valued.

    Related: If Your Leadership Style Is Ever Judged By Others, Here’s 8 Things You Should Do

    If you want to add more value and retain top talent, this article will discuss tips to make employees feel valued. This ultimately improves workflow and overall success from within.

    1. Share employee stories

    Employee stories have been found to be one of the most effective strategies for building an appealing work culture. By providing opportunities for employees to share their work and experiences candidly, you allow them to drive the narrative. Plus, it provides future candidates with a more interpersonal perspective on what it is like to work for the company.

    Highlighting employees’ work also helps them establish a sense of identity. It allows greater connections with co-workers, managers and customers, forming a positive work environment and culture. At the same time, sharing employee stories across media platforms organically builds a strong company brand identity. It also builds authenticity and connectivity with target audiences. Essentially creating a symbiotic relationship that leaders and employees alike highly value.

    2. Give regular, constructive feedback

    A 2018 Harris Interactive Survey for Glassdoor found that “67% of employers believe retention rates would be higher if candidates had a clearer picture of what to expect about working at a company before taking the job.” For employees, this often includes the expectation of management valuing communication and professional growth among its workforce.

    Though recognition for your hard work feels good, people also want to know how to improve. Or, they want to know where they fall short to know they are on the right track. Providing regular, constructive feedback each month is a great opportunity to speak one-on-one with employees and whole teams.

    Related: ‘No One Wants to Hear You Toot Your Own Horn’ and 9 Other Rules From People With Blockbuster Personal Brands

    At the same time, while regular meetings with in-office and remote workers are a great way to deliver consistent feedback opportunities, leaders should also consider feedback sessions to discuss business strategies and performance or quarterly get-togethers to share new ideas and educational experiences.

    3. Say “you are valued here” with corporate gift giving

    While gift-giving during major achievement or professional (or personal) milestones is valued, employees feel greater respect and appreciation when they are thought of in other moments. Simple gestures can make an even greater impact during distress, providing employees with a sense of appreciation and care when they are out sick or on medical leave.

    While a generic gift basket is always an option, you can also opt for more personalized care packages that will really make them feel treasured. Along with your wishes for a speedy recovery, companies like Spoonful of Comfort offer a variety of get-well specialty gift baskets that include delicious soups, desserts, and comforting items. They also allow you to create a customized gift basket or care package that fits the needs of your employee or corporate team.

    4. Support social shoutouts and events

    Particularly in today’s common hybrid and remote work environments, employees often feel disconnected from their colleagues. In turn, it creates a disengaged team and fragmented culture. According to a recent study, companies only see 15% of employees being actively engaged due to unhappiness and dissatisfaction in their work – that is, lack of recognition.

    However, businesses with employees recognized for their dedication to company goals and consistent motivation in their work, deliver a 202% increase in performance outcomes. It is great to express appreciation for big accomplishments throughout the year. But also, praising small contributions and achievements can be just as valuable to an employee.

    5. Invite an open door policy

    Having an open-door policy is an effective way to encourage open communication and feedback. This also includes discussion about any questions, complaints, suggestions and challenges employees are facing.

    Former CEO of Xerox, Anne M. Mulcahy, once said, “Employees who believe that management is concerned about them as a whole person – not just an employee – are more productive, satisfied and fulfilled. Satisfied employees mean satisfied customers, which leads to profitability.”

    You want to give them the opportunity to speak up at any time. Also, allow them to build a responsive, transparent, and trusting environment. At the same time, set certain parameters around the open-door policy. This way you value and respect everyone’s time. Additionally, managers actively listen to what their employees want to say.

    6. Encourage professional growth

    While you want to do your best to retain talent, employees should also feel free to expand their professional growth. Even if they move on to other green pastures in the future. Accomplishing this comes in many ways. They include educational incentive programs, a global benefits and rewards platform, or offering company training for career advancement. When they feel supported in their professional development, they are more likely to work hard for your company. Additionally, they gain valuable experiences along the way.

    At the end of the day, ensuring your employees feel valued will build a culture of appreciation. Take the time to express your gratitude to your workforce and see what a difference it can make.

    Under30CEO

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  • The Shortage of Tech Workers Can Be Solved By Hiring From This Region | Entrepreneur

    The Shortage of Tech Workers Can Be Solved By Hiring From This Region | Entrepreneur

    Opinions expressed by Entrepreneur contributors are their own.

    A peak in the tech job market is coming. The migration and technological adoption that almost all the US industrial sectors undertook due to the pandemic has overstretched the available STEM talent pool in the United States. Tech workers’ wages have skyrocketed for some time due to the labor shortage.

    A close, competitive, and viable ally

    Reports and articles abound confirming growth in demand for STEM jobs linked to the industrial digitization goals of US companies. According to the U.S. Bureau of Labor Statistics, occupations such as Data Scientists, Information Security Analysts, Statisticians, or Web Developers are among the five fastest-growing jobs for the next decade (2021-2031). But domestic talent is not sufficiently available, and employing foreign workers can generate a significant administrative burden for companies. So, hiring engineers and data scientists based in Latin America can be a much simpler, more viable and more profitable alternative than importing talent from other parts of the world.

    First, the geographical factor is important since Latin American countries have time zones similar to the US, which can improve the coordination of work teams. Also, Latino engineers who graduated from regional STEM faculties are of top-notch quality. According to the 2022 QS World University Ranking list, the University of Chile, the Pontificia Universidad Católica de Chile, the UNAM in Mexico, and the University of São Paulo in Brazil are all producing high-caliber talent.

    Although there is no accurate census, according to data consulted from Brazil, Mexico, Chile, Argentina, and Colombia, an estimated 165,000 to 220,000 engineers graduate annually from these universities.

    Related: Why Entrepreneurs Are Looking Towards Latin America for Nearshoring Opportunities

    How to access that talent?

    The impact of COVID-19 in all industrial sectors revealed opportunities in the labor dynamics of which teleworking is here to stay—85% of IT divisions consulted by Deloitte plan to be hybrid or fully remote. However, 82% of US companies could not complete digital transformation projects in the past year due to a lack of resources and skills.

    The pandemic positively impacted the modernization of remote contracting and payroll administration platforms. Although there are specificities for different countries, there are generally three viable options for hiring remote talent: As an independent contractor, through a local employer (EOR), or via opening a company subsidiary in a specific country.

    Some platforms specialized in accelerating these processes are strategically located in Mexico, Brazil, Argentina, or Peru, such as Skills.tech, Revel or Baires. Those companies and others offer candidate filtering services, skills verification, team management, recruitment laboratories and continued talent education, among other features.

    Related: 4 Tips for Hiring Employees No Matter Where They’re Located

    Two potential drawbacks

    Firstly, companies seeking to outsource talent (of any kind) should include Diversity, Equity, and Inclusion (DEI) policies in their work culture. This concept is critical because Latino workers might quickly leave their employers if they do not feel represented or included. This often happens regardless of the team they work with or the professional challenges they face.

    Another factor to consider is language. Latin America is not particularly known for having the best English literacy in the world. According to the English Proficiency Index de EF (EPI), only Argentina is listed as having at least a “high” English proficiency among Latin American countries.

    The good news is that there is a direct correlation between work experience and the level of English. Better yet, the same EPI recognizes that, as a result of the pandemic, English in Latin America seems to have improved exponentially compared to the rest of the world. The scores show an increase of 16 points compared to the average increase of 3 points for the rest of the world.

    Related: Interested in Starting a Business Overseas? Keep These 5 Things in Mind

    Conclusion

    Having the most qualified people is key to competitiveness and growth for most businesses. Hence, US companies have been competing to attract and retain IT professionals. The current demand and shortage of professionals pose a unique and timely opportunity for Latin America, and several startups are starting to capitalize on this opportunity.

    While directly hiring foreign workers is an option for some companies, leveraging remote talent via service providers can present a simpler and more profitable alternative. The time zones of the USA are similar to those of Latin American countries, and the population of engineers is motivated and well-educated.

    With special attention to remote and DEI policies, Latin American talent can provide an unparalleled competitive advantage for US companies seeking tech workers.

    Roland Polzin

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