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Monday Morning: Expert Advice and Tips Fit for Your Week’s Start

281 posts
Start your Monday morning with the latest business advice from Business Mirror. Our Monday Morning section gathers the latest business advice and tips useful for seasoned business veterans and new professionals starting to penetrate the industries. Start your Monday right by reading relevant advice from some of the well-known names in business and trade.
Mental Health Concept

What companies can do to help employees address mental-health issues

People are increasingly waking up to the magnitude of the mental-health issue and its importance in the world of work. When employers create a culture that supports mental health, workers are more than twice as likely to say they love their job. They are also more likely to plan to stay with their employer for at least the next year. What can companies actually do to take on this challenge? Research points to three keys.

Puzzle With Flag Of European Union And Germany Piece Detached.

The coalitions that could hold the EU together

THAT the EU remains largely intact is due in no small part to Germany. It has, to a certain extent, been Europe’s hegemon, an ancient Greek term designating the dominant member of an alliance or confederation. Unfortunately, it’s a role that Germany has had increasingly to shoulder alone—and that is unsustainable.

remote work

Remote workers are more disengaged and more likely to quit

Employees around the world yearn for freedom and flexibility. The most common form of flexibility that companies offer is the ability to work remotely.
But after interviewing over 2,000 employees and managers globally, we discovered that two-thirds of remote workers aren’t engaged, and over a third never get any time to be with their team, even though over 40 percent said it would help build deeper relationships. The study also found that remote workers are much less likely to stay at their company for the long term.
While the population of remote workers is growing, some companies are simultaneously rolling back their remote work programs and forcing their employees to be at the office every day. They believe it’s the best way to build a strong culture, increase engagement and fuel work relationships.
Instead of saving money by promoting remote work, many companies are investing money in their office designs. A well-designed office, with an assortment of meeting spaces, gives employees the flexibility they desire, but in a collaborative environment. These companies understand that employees’ proximity to one another matters. The closer we sit to our colleagues, the more likely that we will interact with them and form the relationships that lead to long-term team commitment.
Aside from the lack of physical proximity, communication can be much slower with a remote work force. Getting everyone on the same page, on the same call and in the same mindset is challenging when people aren’t located in the same place.
Although research shows that remote workers are more productive—and they’ll tell you they enjoy the flexibility—they typically won’t reveal how isolated they are. Some companies have gone to extremes to either force everyone into the office to work or enable all employees to work remotely. But very often, meeting in the middle is best.
Give remote workers the flexibility to be able to work at the office, while maintaining for them the option of working remotely part-time, based on their position and needs. They need face time, even if they won’t admit it, and companies need an engaged work force in order to retain talent and compete in the global economy.

By Dan Schawbel

People who graduate during recessions earn less money—but they’re happier

WHEN the graduating classes of 2009, 2010 and 2011 hit the job market, their employment prospects were depressingly bleak. Unemployment rates were at historic highs and job openings were scarce. Many of those who did find work held jobs that were temporary, lacked benefits or did not require a college degree. These early career experiences appear to have lasting negative consequences for later career success.

The best-performing emerging economies emphasize competition

DEVELOPMENT economists over the ages have puzzled over why some emerging economies perform much better than others over the long term. We have been looking at the same issue in our latest research, and find one element that others haven’t tended to focus on: the often intense competitive dynamics that can be found in the best-performing emerging economies. That finding may seem counterintuitive: Don’t many emerging economies nurture and shield their national champions from competition? The short answer we find from our research is: No.