Tag: management

  • How Does a Preventive Maintenance Software Help Your Company?

    While many organizations consider their maintenance department to be a cost centre, implementing a CMMS (Computerized Maintenance Management System) with preventive maintenance functionality allows for disciplined planning and scheduling practices. In time, this move can shift the maintenance department from a cost centre to a profit centre. If you want your equipments to function properly till the end, you need to maintain them and take care of them.

    To avoid any equipment from malfunctioning and to predict the future timing of maintenance work, businesses have started installing preventive maintenance or predictive maintenance software. Not only does this bolster a conducive working environment, but it also lessens the workload on the staff. This being said, preventive maintenance software helps in improving productivity, facilitates growth in revenue, and moreover, plays a key role in the trimming of budget expenses.

    GIn this article, we will talk about how Preventive Maintenance Software helps in improving the company’s efficiency. So, let’s get started.

    Proper Management of Work Orders
    Creating Detailed and Digestible Reports
    Scheduling Routine Maintenance Work
    Monitoring Inventory and Asset Management
    Compliance With Safety and Regulatory Standards
    Improvement in Productivity
    Popular Preventive Maintenance Software Systems

    Proper Management of Work Orders

    Various tools present in any industry-grade preventive maintenance software help the facility managers in scheduling the order of maintenance work of assets, and as a result, help them record and track the completion of various tasks quickly.

    Furthermore, this software setup helps the heads of a company to keep track of the history of maintenance activities along with helping them in assigning tasks to respective employees. They also provide templates for work orders so that the designers and engineers can curate work orders to efficiently communicate information about tasks to other workers.

    Eventually, this upgrade in the workflow breeds improved communication and efficient internal management of workers. Nowadays, almost any preventive maintenance software provides role or tittle-based authorization, because of which only authorized personnel can mark a task as complete.

    Creating Detailed and Digestible Reports

    Businesses require reports of maintenance activities, which provide them with knowledge of the timing of these activities, how well they have been executed, and their corresponding completion time. Preventive maintenance comes forth with various styles in which a user can create detailed reports that are digestible and easily understandable. This will help in boosting productivity and the impact of preventive maintenance work being carried out to avoid any failure or breakdown.

    Concerned managers can also input some key details in it, such as warranty details and information related to purchase. This particular feature of preventive maintenance software enables companies to assess the maintenance of equipment against its warranty. If a piece of equipment is under warranty period, the engineers and maintenance staff are notified right away. This is pivotal in the proper tackling of real-time maintenance procedures.

    Scheduling Routine Maintenance Work

    Equipment and machinery often come with information about periodic intervals after which they are required to be serviced. This is to be done on a routine basis and includes indispensable tasks like the replacement of parts, repair work, inspections, oiling, and more.

    By keeping track of all these activities, a preventive maintenance system brings transparency to the maintenance workflow. This ensures that all the above tasks are executed within the given timeline in order to keep the equipment or assets well maintained and at par with industry standards.

    The users can also input commands in preventive maintenance software to automatically schedule maintenance at marked intervals. The maintenance software is also designed to rank maintenance schedules as per an arbitrary or predefined priority or protocol for maintenance. This reduces the possibility of human error and boosts consistency.

    Monitoring Inventory and Asset Management

    Inventory is often maintained just above the minimum required level in order to keep costs at the lowest. The new-age preventive maintenance system provides you with data and analysis of the current condition of machinery and its maintenance cycle. Such updates tell the managers about how often the consumables and other inputs are being used. Eventually, this saves the business from unexpected wastage of stocks and proper management.

    Various maintenance software offer features that involve continuous monitoring of asset performance – a utility that allows the user to treat them via the apt methodology. Another useful feature that such software provides is tracking the rate of depreciation of individual assets, which can be complex if quantified manually.

    Compliance With Safety and Regulatory Standards

    Preventive maintenance software not only helps you with asset management but also in complying with safety standards and regulations, thereby keeping your facility safe for your employees to work in. It does this by keeping track of the location of all the heavy and sensitive equipment to ensure a safe layout of your facility and thus, reducing the chances of damages or accidents.

    Also, it records the maintenance of such apparatus equipment for auditing so that if any equipment or machine fails, you will not have to go through a large pile of files to get proof of regular maintenance records. It is also beneficial for the employees, as it constantly tracks health and safety-related data. Furthermore, it reduces the amount of paperwork required for all daily conducted activities.

    Different companies use different preventive maintenance software, some of the most popular ones that are used and help in keeping the infrastructure up to date are:

    • Limble CMMS
    • MaintainX
    • Upkeep
    • Asset Panda
    • Mapcon
    • Fiix
    • eMaint

    Conclusion

    The features and tools offered by the preventive maintenance system enable the companies to be able to compete well against other players in the industry by assisting them in keeping their infrastructure up to date and well maintained. Preventive maintenance software help businesses to minimize mechanical failures or downtime, enhance efficiency, and improve the lifespan of the equipment. With these software programs, one is able to understand situational needs and can identify the crucial assets that are key in the daily working of the business.

    FAQs

    What is Preventive Maintenance Software?

    Preventive maintenance software is software that deals with productivity but also help maintain it in the future through its predictive ability to forecast future maintenance needs.

    What are the top Preventive Maintenance Software?

    • Limble CMMS
    • MaintainX
    • Upkeep
    • Asset Panda
    • Mapcon
    • Fiix
    • eMaint

    What are the 4 types of Preventive Maintenance?

    • Periodic Maintenance
    • Meter-Based Maintenance
    • Predictive Maintenance
    • Prescriptive Maintenance
  • 8 Steps of Effective Planning for Every Business

    There are many people who dream of being an entrepreneur and starting their own businesses. With various opportunities coming forward at this age, the number of startups is increasing every day. Whenever you try to start a business, there are several factors that are needed to be done properly, among them is planning. In fact, effective planning can do wonders.,

    Planning is an important activity of every business organisation. It is the foremost task which every business has to do before starting its other initiatives. Every implementation of an idea starts with planning. Therefore, planning has an important role to play in any venture or business.

    If planning is not done properly, the business is bound to fail at any given point. Many brainstorming ideas die before execution because of improper planning. Effective planning is what makes the lifeline of every business. In this article, we will talk about the 8 steps that you need to follow for effective planning of your business. These steps are just paving the road to success, so let’s take a look at them.

    Recognise the Opportunities
    Create Objectives
    Planning Premises
    Finding Alternatives
    Evaluating Alternatives
    Choosing Alternatives
    Making Supporting Plans
    Implementation of Plans

    Recognise the Opportunities

    Before creating a plan, there is the foremost need to recognize the opportunities that exist in the external environment. There are 8 stages of planning, to make an effective plan, in which Recognising the opportunities comes first. The managers of the organisation must do a clear analysis of all the aspects of the opportunity on the basis of the future as well as the present. The management should also do an analysis of the present position of the company so that the strength and weaknesses can be taken out which will lay the foundation for setting up the objectives of the organisation.

    Importance of Planning in Business
    Importance of Planning in Business

    Create Objectives

    Your objectives define your business, if there are no objectives then the growth of the business is not possible. The objectives of an organisation must be very clear and well defined. A proper objective of an organisation provides a proper direction to the organisation and its different departments. The objective of the organisation decides the future of the organisation, therefore the management must create a clear set of objectives that the organisation needs to achieve.

    Planning Premises

    As we already know that the process of planning premises is done on the basis of the future. However, as the future is uncertain, so we must create some forecasts on the basis of assumptions. These forecasts are known as the planning premises. The assumptions may not be true, but considering and forecasting them will make the organisation ready to deal with them. Therefore, the management must develop the planning premises so that the organisation can survive in case of any unwanted occurrence.

    Finding Alternatives

    There are multiple ways to do a single thing. Similarly, there are multiple ways in which the objectives of an organisation can be achieved. The management must develop and identify all the multiple and unique ways of doing things that can help them in achieving the objective of the organisation because if by any chance one way is failed to achieve the objective, another is ready to take its place so that the objectives can be achieved without any delay or blockage. Apart from that amongst these alternatives, the best possible case must be chosen.

    Evaluating Alternatives

    After identifying all the ways for achieving the objective, each of the alternatives must be properly evaluated. The process of evaluation of the alternatives must be made on various factors like investment requirement, risk, uses of resources, profit, and others. The management should properly analyse the pros and cons of each and every alternative and where those alternatives can take them. So, that the best one of them can be taken out and can be applied to their business to achieve the objectives.

    Choosing Alternatives

    Once after the evaluation process, the managers will have the proper awareness of the pros and cons of each alternative. Out of all those alternatives, the managers have to make decisions and choose a plan which is more profitable and where less risk is involved. The alternative that will be chosen should fit perfectly to achieve the goals, while choosing the alternative, three tools are must that is, experience, experimentation and research.

    Making Supporting Plans

    Each main plan requires various work to be done. In order to execute the main plans, there is the requirement of supporting plans for various works like hiring manpower, buying required materials, purchasing raw materials and others. The supporting plans are not different plans but they are parts of the main plan which help in managing the different activities and things. The main plans couldn’t take place without the supporting plans and therefore, the managers should create supporting plans to carry forward the work.

    Implementation of Plans

    After the creation of the main plan and the supporting plan, there is a need to bring them into action. The plans should be implemented in such a way that they can help in achieving the objectives. The process of implementing the plans includes the formation of policies, procedures, the budgets, and a sequence of activities to be performed in order to achieve all the goals. Once the implementation is done, now you have to wait and see if you are able to achieve the objectives of your business.

    Conclusion

    A proper business plan helps you in your strategies to make your business successful. When you start your journey of entrepreneurship, the growth of your business keeps you going and it can only happen through proper planning. While planning you need to follow all the steps required, then only you can achieve your end goal.

    FAQs

    What are the effective planning steps of a business?

    Some steps to make planning effective:

    • Recognise the opportunities.
    • Create Objectives.
    • Planning Premises.
    • Finding Alternatives.
    • Evaluating Alternatives.
    • Choosing Alternatives.
    • Making Supporting Plans.

    What is planning in management?

    Planning defines the correct actions to achieve organisational goals. It helps in the efficient utilization of available resources. Realistic planning helps in achieving organisational goals in the most competitive way. Hence go on and plan to achieve the goals you have set.

    What is planning premises?

    The forecast or the assumptions about the future which provide a base for planning in the present are known as planning premises. They are the anticipated environment in which plans are expected to operate.

    What is a good business plan?

    A company often needs a business plan before it can borrow money from a bank. Good plans are usually highly detailed and include information on all aspects of the business, including the industry, marketing, finance, personnel, and various operating procedures.

  • What is Team Coordination? | Importance of Coordination in a Team

    Coordination is the essence of every successful organization. So what exactly is coordination? In simple words, it is a mechanism or strategy that enables different entities to work together. Coordination helps with maintaining and improving efficiency while striving for a common goal or target. Hence, team coordination is of utmost importance if a company wants to make it big.

    In fact, experts quip, “Ineffective communication and coordination is the primary contributor to project failure one-third of the time, and had a negative impact on project success more than half the time.”

    This post by StartupTalky gives you an overview on the importance of coordination and also provides some tips to improve the coordination levels in a team.

    What is Team Coordination?
    Importance of Coordination in Teamwork
    Importance of Team Coordination in Project Management
    Tips to Improve Coordination Between Team Members

    why is coordination important?

    What is Team Coordination?

    At times, the situation calls for individuals with differing backgrounds, perspectives, and thought-processes to come together.  It could be to fulfill a goal or an objective that is impossible to achieve single-handedly. How can this be done? Through coordination, i.e., the act of getting people to communicate and collaborate without creating chaos or confusion. Coordination has a major role to play in any successful team-based initiative.

    Importance of Coordination in Teamwork

    Can a business operate without employees’ cooperation? No. A business entity can be viewed as the concoction of different groups and hierarchies. It’s imperative for these groups to work alongside each other in harmony to achieve organizational goals. Hence, coordination becomes a major driver of success and growth.

    Coordination is required among members of a team and between teams for the following reasons:

    Interlinking of Different Business Operations

    Importance of Team Coordination
    Interlinking of Variours Teams

    Coordination helps in connecting multiple business operations. The organisation members are able to connect business operations together to get the desired output. If there will be no interlinking of such business operations then there will be wastage of resources or maybe a delay in getting results.

    Suppose, what will happen if there is no connection between the HR Department and the Marketing Head? If the Marketing Head was looking for immediate results and in the meantime, the HR granted a leave. If HR has already granted leave then why will the employee wait for anything? This will result in the loss of required manpower and can cause delay to get results.

    The HR could directly reject the leave if was aware of such a requirement. But due to the absence of coordination, he wasn’t. The lack of coordination caused a delay in getting results.

    Each Department Focuses on Its Own Objectives

    In a business or an organisation, each person or department has its own objectives to meet. Each of the departments is concerned about its own objectives and goals.

    The objective of the organization is met with them while making informed decisions. Sometimes, the goals of the department get diverted from organizational goals. It will be too difficult to identify such incidents because of business complexity. If coordination is not present among both, then it can cause damage to the business goals.

    There are times when the objectives of one department cause the loss of others. In this case, also, it will cause damage to the business. The success and failure of one department are linked with the other. So the success of one department at the cost of losses to another will result in failures too.

    Socializing and Understanding Among Team Members

    Importance of Team Coordination
    Understanding Among Team Members

    There are different personal needs of every individual. Socializing are also the personal needs of every human being. The process of coordination helps in fulfilling such personal needs.

    The employees will be able to connect with other teammates. This will create a strong bonding among team. The process of coordination helps in building improved relations among teammates.

    Helps in Saving Resources By Avoiding Repeat Activities in Different Departments

    There may be several activities which are repeatedly performed in different departments. These activities cannot be identified if there’s a great barrier between the departments.

    The repetition of such activities will result in more use of resources. If all the activities are performed in one place, then it will save resources. Suppose two different departments have hired a person for the same task which they require not much often.

    These tasks can be performed in one place and will save the extra expense of an employee. But this couldn’t be possible because of a lack of coordination. But if there was any coordination among them then they could have saved such extra expenses.

    Avoiding Conflicts Among Employees

    Conflicts inside business always end up doing multiple losses. They make the working environment disturbed for all. So they kill their time and also of the team members.  Every conflict results in wastage of time as well as resources. Any arguments/conflicts among the team members will cause damage to business resources.

    Conflicts must be avoided to create a healthy working environment among team members. Coordination helps in avoiding conflicts among them. The communication gap or misinformation is easily sorted out with coordination.


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    Importance of Team Coordination in Project Management

    Importance of Team Coordination in Project Management
    Importance of Team Coordination in Project Management

    Project coordination involves managing the day-to-day operations of a project, making sure the resources are aware of deadlines and tasks that they are responsible for managing meeting minutes, and so on.

    Coordination helps you better monitor and control each stage of the project to ensure it’s progressing according to your prescribed timeline. It helps in Collaborating with your team on the issues you encounter, to manage risks and the validity of tasks to the project’s current scope.

    Tips to Improve Coordination Between Team Members

    Here are some tips to improve coordination between team members:

    Conclusion

    Coordination is one of the most important activities in any business. It is present in every company but some do it right while others don’t focus much on it. The best way to ensure good coordination is to create and manage the proper structure of the company while giving the required power to people.

    If you have anything else to add, please let us know in the comments.

    FAQs

    What is team coordination?

    Team coordination is a process that involves the use of strategies and patterns of behaviour aimed to integrate actions, knowledge, and goals of interdependent members, in order to achieve common goals.

    Why is team coordination important?

    Coordination ensures that employees do not engage in cross-purpose work. Team coordination minimizes conflicts, wastages, delays, indifferences and other organizational problems.

    How do you bring coordination to a team?

    5 Steps To Successful Team Coordination or coordination in a team:

    1. Know the Big Picture.
    2. Create Well-Defined Roles.
    3. Foster Great Communication.
    4. Master Your Planning.
    5. Don’t Overdo It.

    What are the key elements of teamwork?

    Key elements for a successful team:

    • Communication
    • Commitment
    • Accountability
    • Delegation
    • Support

    Who is responsible for coordination between different teams assigned for project?

    Project Manager is responsible for coordination between different teams assigned for project.

  • How to Effectively Divide Work in Your Team

    Each one of us has been part of a team at some point in time. Many have also led a team. The logic behind teamwork is to get the project done at the earliest with maximum efficiency. But if team management is not carried out properly, even the group comprising the smartest individuals cannot achieve its goals. And a crucial component of perfect team management is to ‘divide work equally’ among the members. Most managers fail when it comes to work allocation in a team since it is not everyone’s cup of tea. Experience, rationale, and intuition are essential to the appropriate allocation of responsibilities.

    This post by StartupTalky discusses a few ways to distribute work effectively among people.

    How to divide work in a team?

    Make a Plan of Action
    Interview the Team Members
    Assign Roles to Team Members
    Set Small Goals
    Communicate

    How to build high performance team?

    Make a Plan of Action

    Work Allocation
    Plan of Action to divide work in a team

    A well-defined plan is the cornerstone of a successful project. Make a detailed plan, divide it into different parts, and note down what has to be done to achieve the objectives mentioned in the plan. Employees generally have varying skill sets, so you need to map individuals to different components of the plan. Utilize those skills to complete the tasks at hand. If everything is going smooth, it means your work is progressing in the right direction.

    Interview the Team Members

    Once a detailed plan has been crafted for the project, you need to interview every member. Ask them questions about their strengths and weaknesses and what they can bring to the project. This exercise would allow you to gauge team members accurately and to distribute tasks accordingly. Bring all of the members in a room and have an introductory meeting. The attendees will get to know each other better and the meetup will enable them to open up. The next challenge is the task division among the team members.


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    Assign Roles to Team Members

    Now that you know the team’s capability and qualities, assign roles and designations to the members. The main question at this point should be how to divide the tasks in a team. Some tasks may need two people to complete while others may require three, so assign them roles accordingly. However, the team should not feel pressurized by the workload; teamwork is about easing an assignment, not complicating it. The second question you should be able to answer is how to distribute work equally. No member should be excessively burdened by the tasks allotted to him or her. You don’t want to cause a rift or create division among the staff. If there is a task that does not fit into anybody’s skill category, brainstorm with your group to identify the solution.

    Set Small Goals

    A big goal can be achieved by breaking it into small targets. Make the task fun and fulfilling by setting up small milestones. Be strict with deadlines! Not only does it compel people to complete their work on time, having a deadline increases productivity at the workplace. If a person finishes the given task before time, reward him or her to show gratitude.

    Communicate

    A healthy environment is important for any team to work efficiently. It is necessary to fill all sorts of communication gaps to realize this environment. People should be at ease. Take everyone’s opinions and have a meeting with all the team members at the end of the task. Use this meeting to encourage them to share their experiences and opinions on the scope for improvement.

    If a person does something wrong, criticism should not be your immediate reaction. Stay calm and help him or her correct that mistake. Patience is the virtue of a great leader. Your job as the team leader is to assist individuals in identifying when and where they go wrong along with the solution. Timely communication is the key here. Moreover, the team members should have the liberty to express their thoughts. If your subordinate hesitates in approaching you, the existing setup is definitely unhealthy. Have a channel where people feel free to communicate.

    Conclusion

    Dividing workload is an art. Not everyone can do it. It’s easy to say, “United we stand, divided we fall.” What according to you is the definition of excellent teamwork? How would you divide tasks among individuals? Do comment.

    FAQs

    What are the characteristics of effective team work?

    Some characteristics of Effective team work are:

    • Clear Direction
    • Open and Honest Communication
    • Small and common Goal
    • Defined Roles
    • Mutual Accountability

    What is necessary for good teamwork?

    Effective teamwork needs good problem-solving skills, decision-making, communication, and interpersonal skills.

    What are the teamwork skills for professional growth?

    Some teamwork skills for professional growth are:

    • Communication
    • Time management
    • Problem-solving
    • Listening
    • Creative thinking
    • Collaboration
    • Leadership
  • How To Tackle Virtual Team Management Challenges?

    Virtual Teams are becoming a part of life slowly and steadily. This concept has picked up the pace in the past 5 to 6 years. It is becoming a trend now and a good alternative for traditional management systems. With the inclusion of technologies in our life virtual teams have become an essential part for organizations. Although there also come certain challenges. Here we will discuss certain Virtual Team Management Challenges. What can be the measures an organization can take up to tackle these challenges?

    Let us first discuss what does actually Virtual Team means?

    Virtual Teams
    Types of Virtual Teams
    5 Virtual Team Challenges

    Virtual Teams

    Virtual Team Survey done in 2020
    Virtual Team Survey done in 2020

    When people from different areas or locations come together with the help of technologies like telephone, video call, voice call, e-mail or fax and work together forming a team for a specific cause being at where they are can be termed as Virtual Teams.

    So, here people are assigned different tasks on the basis of their hierarchy. So they can perform them virtually through different locations. Nowadays, video calls are the best alternative as it helps people to interact in a better way. It also helps in creating a better environment as compared to phone calls. It creates a more interactive session.

    Virtual Team meetings are also an efficient and effective way to conduct meetings. It helps a person to save cost of traveling and setting up an office.


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    Types of Virtual Teams

    Types Of Virtual Teams Meaning
    Networked Teams Under this people from different expertise and knowledge comes together to solve a particular issue.
    Parallel Teams It is formed for a short span and is usually formed among the people in the same organisation regarding any specific issue.
    Product Development Teams Teams takes part from different countries and contribute their ideas towards a new product development
    Production Teams In this every individual does his own work and at the end all indiviiduals works are combined for the end product
    Service Teams Under this the work is done in different countries according to their time zone. Suppose one country’s work is done then the other country will take it from that position according to their time zone
    Management Teams These teams are formed at different geographical area. Managers forms this and takes the decision under the same organisation. Big decisions of the organisations are taken under this.
    Action Teams These teams are formed for a quick solution to a problem and when the problem is solved these teams are put off

    5 Virtual Team Challenges

    Growth of Successful Virtual Teams
    Growth of Successful Virtual Teams

    1. Focusing On Tasks

    First of all, while developing a team proper instructions should be provided.  What task to perform, time management, and about the resources that will help them to reach a certain goal. But the main emphasis should be on how should the process takes place. They should be taught how tasks can be tackled. Focusing on the goal is important but should not be given primary importance. Also, as a team leader, you have to simplify the processes and tasks to your team members. Each individual should be clear about the task assigned to them.

    2. Developing Rhythmic Communication

    While managing a team virtually good communication is a must. When people are located at different places it is easy to get distracted. And as a manager of the meeting you have to take care that the focus of the people does not get away. Try to make the other people feel comfortable and create a healthy decorum. Also, if you are doing it on a regular basis try to fix a certain time. They will try to clear out their minds from other daily routine tasks which will help them to focus on the meeting.

    3. Start Off With An Informal Communication

    Whenever you are starting off a virtual meeting do not directly jump in into the formal part. Start with a healthy gesture and ask people that what were they doing before this or how are they holding up. It will help the other person feel more involved and comfortable. First few minutes you can ask them what is going on around them. This will make them feel important and will provide a better output during work.

    4. Allowing Flexible Work Hours

    When a virtual meet is conducted it is important to provide them with flexible work hours. Asking them to submit the task assigned within flexible hours will help you create a good bond. It will also help them provide better work with less amount of stress. Although try not to let them lose too much. Give them flexible hours but in a preferred amount of time. The time provided should be beneficial to both you and your workers.

    5. Ask Your Team Members To Share Their Opinion

    Whenever a virtual meet is conducted make sure all your co-workers feel involved. When a task comes under you and your team tries to listen out to everyone’s opinion. Ask them how they can do it better. If anyone comes up with a great solution try to reward that worker and praise him. This will help in creating an involved environment and also will help them to boost their morale.

    So, Managing a virtual team can become a great alternative if you and your teammates become used to it. More and more organizations are shifting to this type of team management.


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    Virtual Team Management Challenges – FAQs

    What are the challenges of managing virtual teams?

    5 Challenges of Virtual Teams

    • Focusing On Tasks
    • Developing Rhythmic Communication
    • Start Off With An Informal Communication
    • Allowing Flexible Work Hours
    • Ask Your Team Members To Share Their Opinion

    What is the meaning of virtual team?

    When people from different areas or locations come together with the help of technologies like telephone, video call, voice call, e-mail or fax and work together forming a team for a specific cause being at where they are can be termed as Virtual Teams.

    What is an example of a virtual team?

    Example of a Virtual Team:

    Company A, a plane manufacturer, is facing heavy pressure from competitors. To address the issue, Company A connects experts from the United States, Canada, Asia, and Europe to collaborate and create a new innovative plane design.

    What are the types of Virtual Teams?

    7 Types of Virtual Teams

    • Networked Teams
    • Parallel Teams
    • Product Development Teams
    • Production Teams
    • Service Teams
    • Management Teams
    • Action Teams

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  • Top 5 Business Schools in India

    Post-Graduation has become a basic degree which is required to land in a job. Finding a job with a decent salary without a Post-Graduation has become harder year by year. Even an Individual already working in a company would require a PG certificate for his/her promotion.

    In such an environment choosing the right Business school has become a hard task for the students. India has a lot of Business Schools providing Post Graduation. There are around 5,500 colleges in the country.

    Here are some of the best Business schools in India

    Indian Institute of Management (IIM) Ahmedabad
    Indian Institute of Management (IIM) Bangalore
    Indian Institute of Management (Calcutta)
    Indian School of Business
    Xavier School of Management
    FAQ

    Indian Institute of Management (IIM) Ahmedabad

    IIM Ahmedabad started its operation from the year 1961. It is an Autonomous University located in Ahmedabad, Gujarat. IIM Ahmedabad is India’s best Business School and it has been featured twice as the top B-School in the list of NIRF.

    MBA courses offered by IIM Ahmedabad
    MBA courses offered by IIM Ahmedabad

    According to 2020, it is rated as one of the top colleges in India by NIRF.
    The oldest, flagship MBA Programme is what IIM Ahmedabad is popularly known for. It is ranked #20 globally by financial times for Masters in Management. IIM faculties have an average of 10-20 years of work experience in study research and MNC’s.

    The average fee for the Programme varies from INR 10 Lakhs to 28 Lakhs. The average remuneration received through the placements in 2020 is INR 40-45 Lakhs P.A.


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    Indian Institute of Management (IIM) Bangalore

    IIM Bangalore started its operation from the year 1973. It is also an Autonomous University in Bannerghatta, Bangalore. IIM Bangalore is one of the leading institutes for management studies in Asia. It was also ranked as one of the best colleges by NIRF in 2020. It was 2nd in the list.

    The MBA Programme has a lot of selection rounds. Only 400 students will be selected per year out of Lakhs of applicants in and across the country. The college offers a lot of scholarship programs as well.

    MBA Courses Offered by IIM Bangalore
    MBA Courses Offered by IIM Bangalore

    The fees for the programs vary from around INR 19 Lakhs to INR 28 Lakhs. The average remuneration received through the placements in 2020 is INR 28 Lakh P.A.

    IIM Bangalore have student exchange programs with various universities across North America, South America, Europe, Asia, and Australia. The institution also has key partnerships and collaborations with various companies to promote entrepreneurship and developing new ventures. The companies include Goldman Sachs, NITI Aayog, and Michael and Susan Dell Foundation.

    IIM Bangalore is working towards developing another campus in Bangalore.

    Indian Institute of Management (Calcutta)

    IIM Calcutta is the second institution under the IIM to be developed in India. It started its operation in the year 1961. The institution has continuously been ranked #3 by NIRF in the last 5 years. IIM Calcutta had been ranked #44 by Financial Times worldwide. According to outlook Icare ranking 2021, the institution is among the top 3 institutions in India.

    MBA courses offered in IIM Calcutta
    MBA courses offered in IIM Calcutta

    IIM Calcutta is well known for its MBA Programme. The institution also provides doctoral programs and Certificate courses in Management. The faculties in the institution have experience of over 10-20 years in study research and MNC’s.

    The fees for the programs vary between INR 11 Lakhs to 27 Lakhs. The college provides a scholarship of almost 3-4 lakhs. The average remuneration received through the placements in 2020 is INR 27.8 Lakhs P.A.


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    Indian School of Business

    ISB started its operation in the year 2001. Indian School of Business is situated in the city Hyderabad, Telangana. As per Forbes’s recent ranking,  the institution is ranked 7th all over the world. This business school provides courses in the field of management. It is a Autonomous Institution which is private.

    Courses offered by Indian school of business_
    MBA Courses offered by Indian school of business

    It was given the ranking of 12 for MBA by Times of India in 2019. The institution tops in the Economist MBA ranking in 2021. It is ranked #6 Business School in Asia. ISB has 18 Research centers and institutes. The institution provides a wide range of Scholarships to its students including merit scholarships.

    The fees for the Programme vary between INR 10 Lakhs to INR 47 lakhs.  The average remuneration received through the placements in 2020 is INR 25.7 Lakhs P.A.

    Xavier School of Management

    Xavier School of Management started its operation from the year 1949. It is situated in the city Jamshedpur, Jharkhand. The college holds the 9Th position for the ranking by NIRF 2020 for MBA.

    The institution is popularly known for offering courses for graduates and working professionals. It offers PG programs, Diploma and certificate programs below the domain of Management.

    MBA courses offered by Xavier School of Management
    MBA courses offered by Xavier School of Management

    The college has tie-ups with a lot of international Universities for student exchange programs. The institution has a campus in New Delhi as well.

    The fee for the Programme varies between INR 3 Lakhs to 20.95 Lakhs. Students will receive a scholarship of about INR 1.75 Lakhs.  The average remuneration received through the placements in 2020 is INR 20.08 Lakhs P.A.

    FAQ

    Which is the number 1 business school in the world?

    Stanford University is ranked as the number 1 business school in the world.

    How many Business schools are there in India?

    India has more than 6,000 business schools offering PGDM & MBA.

    Which is the most Expensive school in India?

    Doon School, Dehradun is one of the most expensive schools in India with a school fee of Rs. 10,25,000/- per annum.

    Conclusion

    There are a lot of other well-known colleges which provide Management programs including IIM’s and IIT’s. However, you should make sure you should go through the selection rounds and start preparing for it. Early preparations for the exams will make it easy for you to get through and secure a seat in your dream college.

  • The Benefits Of Managed Print Services For Startups

    Printing is an essential feature for any business, regardless of size. In the past, there were limited ways through which you could handle such a task, and that proved to be costly. The 21st century has seen a lot of changes in the world of technology, and that has directly impacted how businesses carry out their operations. Today, there’s a wide range of options when it comes to printing. The choice you make could have a direct impact on your business’s performance.

    Managed print service (MPS) is a program that has gained a lot of popularity in recent years because of its effectiveness. A print provider offers this service to its clients as a way of enhancing the management of their printing devices, from scanners, to faxes, and to copiers. The fact that it has numerous benefits makes it an excellent option for all companies. This article aims to cover some of the main reasons why you should consider investing in print management services for your startup.

    Printing management services
    Printing management services

    1. Saves Time And Enhances Efficiency

    One of the biggest advantages of using a print service is the fact that it’s easy to use. This provision by print providers makes this service a very good choice for those employees or companies that are easing into the field. Once you’ve employed the relevant organizations, you’ll not have to worry about the tedious printing processes that would have, otherwise, wasted a significant amount of your time. As such, you’ll have all your workers concentrating on their designated tasks.

    Another benefit that your startup business will enjoy is the luxury to choose among various packages offers by these companies. For instance, you could let them take care of everything, including the paper needs. This creates efficiency because reputable print providers will always ensure that you have everything in place before you embark on your daily tasks. As such, you’ll not have to worry about running out of papers in the middle of the day, which can inconvenience the business operations.

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    2. Improves Productivity

    Whether you’re just starting your business or have been in the field for a long time, productivity will always be the priority. How many sales do you make every day?  Do you have enough resources to sustain more clients?  These are some of the questions that you should be asking yourself, and you can be assured that printing will come up in one way or another. The better your printing strategies, the more documents you can complete in a given period. Consequently, that will mean that you can attend to more clients within a given span of time.

    With MPS, you can be sure that these objectives will be met because print providers ensure that you do more with less time. They go an extra mile to provide you with all of the equipment needed for the best results. Some of them also offer free training to new employees, which takes a lot of weight off your sholders.

    3. Cost-Effective

    By using managed print services, you’ll be able to save money by reducing the amount of material used for printing. While doing this, MPS ensures that the final product still meets the quality requirements for any professional company. It also means that your prints will last longer, and will not become worn, faded, or damaged. This might not sound like a significant issue, but when it comes to cutting costs, you’d want to deal with the smallest problems in your business before attacking bigger issues.

    You can choose from a large selection of printing solutions, such as digital printing, offset printing, and laser printing, which all allow you to offer the best quality prints available. If you are having any problems with your prints, then, you’ll have access to a team of specialists that can take care of any questions that may arise along the way.

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    4. Reduces Your Carbon Footprint

    In a traditional setup, there are a lot of wastage in terms of the amount of electricity and papers used to complete your daily operations. One of the main effects that you might experience as a company is in the financial sector. You’ll not only need to spend too much on papers, but also on electricity bills. However, your company isn’t the only victim in such a situation as the environment will suffer due to pollution.

    Using a lot of papers and wasting electrical power increase your carbon footprint. The wastes that come as a result of your operations may be tough to contain, hence, polluting the environment and risking the health of the surrounding communities. With MPS, you have a golden opportunity to be a responsible citizen and go ‘green.’ In the long run, you’ll also benefit financially since you’ll be able to get rid of unnecessary expenses.

    5. Information Security

    There’s always the risk of your company falling victim to information security breach and intellectual property theft. The significance of such issues can never be underestimated. You could end up losing crucial information that might put your whole business on the line. Many print service providers have started implementing some policies that will prove significant in tightening information security gates.

    So, how will MPS mitigate these threats? For one, before setting up a service that covers the whole organization, the print provider usually assesses the system to identify IP security issues faced by your company. Based on the results, the experts will recommend the best IP security plan that will help solve the problem. For instance, you could introduce printer sign-in procedures, document management, or network-level security policies.

    Conclusion

    Managed print services have become part and parcel of modern business setups. If you’re just stepping into the field of entrepreneurship, MPS should be among your main investments. This way, you’ll be able to compete with your colleagues in the market. One of the main benefits of MPS is the efficiency it brings to your business. Since all technical tasks related to printing are outsourced to print providers, your employees will have enough time to concentrate on their duties.

    Also, the fact that all departments are integrated to the company’s printing devices, one can print a document without having to move from one room to another. Other advantages include cost-effectiveness, reduction of carbon footprints, and information security.

  • Management Strategies For Entrepreneurs For Health Flourishment Of Business

    Management strategies and time is the essence of success. These are the key to success. Also, as we know, “time and tide wait for none so make sure you fully use all your time and the opportunities coming for you. Considering it as tangible or intangible is entirely one’s personal opinion, but when it comes to the significance of the 24 hours in a day, everyone has a single voice— money and time decide everything. Making the best out of whatever time a person gets requires planning and a series of right decisions; there’s no room for mistakes but then to err is the trait of being human. And when it comes to entrepreneurs for health flourishment who are striving to disrupt the established notion with revolutionary breakthroughs, time easily takes the top stop in the list of most expensive commodities. Child or adult, knowing a few time and management strategies will only do well so here are a few techniques allowing a person to maximize efficiency and minimize stress. These are being presented with a special focus on startup founders.

    Understand Whether You’re A Lark Or A Night Owl

    Some of us sleep early and like to work during the day while for others, the productivity index is at peaks during the late hours. Hence, in order to be extremely efficient, it’s worth knowing when you function at your best. But make sure you don’t procrastinate with you work this which means that if the job has to be submitted in the afternoon, you started working on it a few hours before the submission.


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    The Workplace Should Be Conducive

    It may a cubicle, a room, or simple table-chair setup in some corner—keeping the desk organized and clean definitely increases productivity. Save yourself some time by not bin rummaging over a cluttered table, desperately searching for that piece of paper! Create yourself an environment that interests you to work and the same with your workers. Make a chillax room in the office where people can take a break and enjoy themselves because recent reports say that people who work with few breaks, work more efficiently.

    Workplace Should Be Conducive
    Workplace Should Be Conducive

    Also Read:-How to Use the 10 year Challenge for Your Business


    Document Everything ASAP

    As the founder of the next big venture or endeavor, a person has a lot of tasks at hand. In this case, documenting processes and requirements make things easier for later stages. A lot of mobile apps are out there, serving multiple purposes such as a memo combined with an advanced planner. Make different documents for different projects and keep them in separate files, without mixing them. Also, do this once you complete the project. This will save you from a hectic day procedure of searching for everything and you will be saving some time also.

    Document Everything ASAP
    Document Everything ASAP

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    Prioritize Accordingly

    Working on the presentation which you have in the afternoon or the client meeting in the evening? Which will you choose among both? Here comes what we call “Prioritizing “. Not every undertaking has the same priority. It’s essential to categorize to-do actions into not so important, important, and extremely important. The temptation eve to complete menial tasks allures each one of us. But then, the resistance needs to be built up in order to avoid such situations in the first place. Make the plans beforehand and always have a mental plan for your works.


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    Agility Both Physically And Mentally

    It makes sense that in business everything doesn’t go according to your choice. Here, responsibilities can come out of nowhere, anytime or any place. Thus, the agility of the mind accompanied by the required physical flexibility budget is more than a competency—it is a necessity. As an entrepreneur, activities such as traveling for delivering pitch decks, meeting potential investors usually come up unexpectedly and hence the stressing on agility. So keep your agility high because you never know when that perfect agility of physical and mental will be your need to crack that big deal.


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    Maintain The Calm State Of Mind

    A peaceful mind always makes the perfect decision. Although, it’s not that easy as it can be said. There will desperate times where there will be calls for desperate measures. And in such cases, temperament remains volatile; there may be a sudden outburst of emotions. Is it going to escalate progress? That’s a strict no. So, practice techniques such as meditation and yoga to transition smoothly in this long and challenging entrepreneurial development path. Because of the calmer, you are, the more efficient decision you will be making for your business.


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    Multitask Only Wherever It’s Feasible and Plausible

    Multitasking is the coolest technique to handle things but not always it’s the best thing to do in the situation. Multitasking is often seen in a negative sense. But then, people do multitask and that too effectively. This skill varies greatly according to individual capacities. So, see how feasible study it’s for you before actually bringing it into practice. Master the skill first, then use it when it’s necessary. Also, don’t compromise position with the efficiency of the work you are multitasking because that hitch can cause you huge loss. Hence, multitasking has both pros and cons, so use it wisely.


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    Involve Others

    Delegation isn’t a synonym of slacking evolution off. But when doing something innovative and ingenious, leaders and founders should delegate secondary activities to fellow members and take care of the major responsibilities themselves. Good teamwork skills make work easier and also more ideas can be given to make the work more efficient. There may be less room for error as many people will be checking and analyzing the work. Hence, this allows multiple activities to be covered in the same amount of time. The end results which come are efficient and good also.

    Involve Others
    Involve Others

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    Identify Sources Of Distractions

    It can be anything—television, unwanted guests or even annoying colleagues relationship. These things can break your concentration level and it may take you long to get back to the focus point to start again.

    So, try to stay away from them especially when doing important activities that call for focus, concentration and undivided attention.


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    Incorporate The ‘Pareto Principle’

    If you are able to get 80% of the results with just 20% of the efforts, then the future’s looking bright for you! Backed by scientific evidence principle, try to ensure that daily activities revolve around the 80-20 rule. It may seem difficult at first, but once you get the hang of it, reap the rewards!

    Pareto Principle
    Pareto Principle

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    Don’t Wait

    Staying idle isn’t a bad habit but don’t spend too much of your precious time waiting. Even two minutes are sufficient to complete a task, provided you have a knack for identifying and classifying activities according to the time they require.


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    Take Breaks

    This may seem to be in stark contrast with earlier point but both signify something different. Continuous grinding can reduce productivity. Hence, it is advised to take breaks in-between to ensure that the fuel keeps running, and to keep your mind fresh to cultivate more new and productive ideas.

    Take Breaks
    Take Breaks

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    Actions Speak Louder Than Words

    Don’t waste time in preaching stand. Practice what you say and that too with utmost dedication and sincerity. Instead of wasting time suggesting those around you about what they should do, let others take inspiration from your way of handling things. After all, no one likes to be friends with a hypocrite.

  • How to Manage Remote Teams?

    Virtual teams are becoming more and more common across the globe — from virtual assistants at small businesses to teams within big companies such as IBM to digital start-ups with fully remote teams. The benefits are clear. According to Global Workplace Analytics, remote teams increase employee productivity, satisfaction levels, and can save a company more than $10,000 annually. That’s not including the benefit of tapping into a global talent pool.

    Team
    Team

    As it becomes more common for companies to utilize remote workers, these businesses are discovering an influx of unique and new challenges related to managing virtual teams. As with any business, there are definitely hurdles to overcome.

    Benefits of Hiring a Remote Team

    Access to the best employees

    Top talent doesn’t always just come knocking on your door. Significant effort is always required to build a world-class team. Of course, you have to carefully consider candidates during the hiring process. This often involves creating a team member persona, or in the case of a remote hire, a “remote persona” (just like you create buyer personas for your customers).

    You should look for people who meet your criteria in the following areas:

    • Company values
    • Discipline
    • Focus
    • Work/life balance
    • Decision-making skills, etc.
    Criteria for Hiring
    Criteria for Hiring

    One of the benefits of hiring remotely is that it gives you more options than limiting yourself to local employees. If you choose to broaden your horizons and decide to hire remote workers, you will be able to find excellent team members anywhere in the world. The A-players that you hire around the globe will surely help your company grow.


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    Employees with flexible hours are happier

    The fact is, employees who are allowed to set flexible schedules are happier than those who have to live under the rule of the clock. They tend to have fewer family conflicts than their colleagues who work at the office.

    Flexible work hours
    Flexible work hours

    Moreover, employees who work from home say managing balance between work and family is much easier for them. Not surprisingly, the happier your employees are, the more productive you can expect them to be, which leads to faster company growth and good company moral.

    Low employee turnover

    According to 2017 research, 32% of people would quit their job as they are not allowed to work remotely. Many companies take this fact into account as losing an employee and hiring a new one involves significant expenses. As a result, smart companies embrace the remote work policy to keep their employees’ turnover rate low.

    Low overhead

    Having a team of remote workers allows you to lower your overhead by cutting office expenses. Recent calculations show that companies would save more than $500 billion a year on office rent, utilities and turnover if they chose remote work schedule. Instead of spending money on maintaining your office, you will be able to invest it in your business.


    Relevant read:


    Challenges of managing a remote team and how to overcome them

    Communication problems

    If you want to foresee and fix one issue from this list, choose communication. It’s the cause of almost every other management issue. Managers provide direction at every step of a project or business initiative, so they need to be extremely good at communicating the strategy and understanding what’s happening within a team. Communication is the key to success for most teams. It’s critical to gather input from all members and to know what each person is working on.

    Communication in remote teams
    Communication in remote teams

    When teams work remotely, it isn’t always easy to foster open communication. Traditional email marketing often seems like a formal tool that doesn’t enable quick conversations. Efficient, effective communication is the cornerstone of any functioning group, and it is especially crucial for remote teams. Coordinating virtual team members can be challenging, and communication can be a big stumbling block for many companies trying to successfully navigate remote hires.

    Potential solutions

    1. Make use of communication-based technological tools. Instant messaging, chat, and other two-way communication channels make sharing problems and potential solutions easier than ever.
    2. Keep these channels open, and consistently monitor them throughout the day. If an employee has a problem, idea, or thought that needs to be shared, you should be as responsive and available to a remote employee as you would to any on-site worker.
    3. Use project management software such as Hubstaff Tasks. Having one central tool for organizing projects and tasks ensures that everyone who needs to be in the loop stays that way. You can assign tasks to team members, add comments, outline the project steps in a checklist, and more.
    4. Generally, it’s a good idea to try and clarify as much as possible about the role: what’s expected, which KPIs to measure, resources that are available and so on. It’s very important to clarify these things with your virtual employees, as they have no other medium to find out such details.
    5. Finally, a more practical yet potentially time-consuming suggestion is to check for understanding after each meeting. Before you end, make sure everyone knows what their next steps are, then check if these matches and if the interpretations are aligned. This is very important in remote teams where you’re relying on emails, chat, and calls. Usually, you’re managing all of them combined. Important details can easily get overseen, skipped or misinterpreted.

    Scheduling difficulties

    Working with a remote team offers the potential for increased productivity, but managers must also overcome some virtual-related inefficiencies. For example, one of the most difficult challenges is managing workers across several time zones.

    Scheduling difficulties
    Scheduling difficulties

    First, there are tools you can use online to help make scheduling a call, video conference, or meeting with remote teams easier. From a simple online poll that lists selected dates and times that team members can choose to calendaring apps and a variety of websites and free hosts that assess participant availability, there are ways that make the process of scheduling a meeting less stressful. It also helps if team members’ schedules are flexible, since some time zones don’t line up well with traditional working hours.

    Potential Solutions

    1. Whenever all employees are meeting (via phone, teleconference, or video conference), find a time that falls within everyone’s workday. This might mean first thing for some and end of the day for others.
    2. If the time difference really makes coordinating schedules impossible, get creative. For example, record meetings for employees who can’t attend live. This way, they can view and/or hear what happened.
    3. Collect feedback regarding meetings via e-mail. This gives everyone the opportunity to chime in; even those who couldn’t attend while it was actually happening.
    4. Use email to document big and important announcements such as process changes, company directives, and other important announcements that don’t require a meeting, but are nonetheless important.
    5. Use scheduling software that allows you to schedule shifts for each team member and get alerts if they haven’t started tracking time during that window. You’ll also get email alerts if a shift is abandoned or there are missed shifts altogether, ensuring that teams are working when they say they will and avoiding downtime for your business.

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    Tracking work and productivity

    Do you know how much work your remote team accomplishes and at what rate? For many managers, the answer to these questions is unclear. It’s hard to know if someone is being underutilized or is not pulling their own weight without an understanding of their productivity. For this reason, remote managers need to establish ways to track productivity for all employees. This can include setting up metrics for how much work is expected to be completed each day. This might look like:

    • Creating and maintaining a company blog.
    • Scheduling 20 social media posts per hour.
    • Making 150 cold calls per shift.
    Tracking work and productivity
    Tracking work and productivity

    The KPI metrics you choose to evaluate the productivity of remote employees should also be the same criteria used for in-office employees. This ensures that there are clear expectations in place, regardless of how and where your team works.

    Potential solutions

    1. For customer-facing team members in remote agencies, have a system in place to ensure open channels of communication between you, the customer, and the employee. If a customer doesn’t feel a remote employee is meeting expectations or hitting necessary benchmarks, you, as the manager, need to know this as soon as possible.
    2. When you manage remote workers, you have a lot less insight into how work is getting done. Employees must know what’s expected of them at all times, including if you’re concerned about hours logged or if you’re simply interested in the end product (regardless of time spent).
    3. Even remote teams can implement some rules about how work is done. Some virtual companies insist on employees working from an office or offer to pay for a coworking space if the employee chooses to work from one. This works well to provide a distraction-free work environment.
    4. To avoid problems, it’s helpful to have a quantitative way to evaluate a remote worker’s contributions. This way, if you’re in any way unhappy with the work, you can explain exactly why. This will make it clearer for the worker, and it helps get that employee up to speed about expectations as quickly as possible.
    5. Utilize employee productivity software to get the best sense of what your remote team is up to during the workday. Depending on the system you use, this platform could even provide intermittent screenshots to show you exactly which projects are being worked on, and what the status is. This tool provides invaluable data to you, and it encourages remote employees to stay active and engaged in company priorities.

    Building trust

    Building trust is difficult for remote managers and team members. Managers worry that workers aren’t completing work, while workers have a range of concerns, including whether they’ll be paid on time. Being transparent can help to build trust for all parties. You can help build trust by being transparent about: Working hours, Project expectations, Pay rate, Payment timelines, and Status updates on projects

    In terms of expectations, be honest about the workload you expect to have for your contractors. Many B2B marketing companies tell freelancers they can expect the amount of work to increase substantially over the coming months, even when this isn’t the case. These kinds of statements might be well intentioned, but it may lead some freelancers to believe they’ve been strung along. They may even have negotiated for a lower rate because of the volume and then feel duped when it doesn’t pan out.

    Potential solutions

    1. Employees need feedback often in order to correct problems early on and become satisfied, top performers in their role. Be sure that all managers are giving frequent feedback to address any issues, blockers or challenges people are facing. This will help the managers to develop trust with the team members and give them the flexibility needed to make virtual teams work.
    2. Put a premium on video conferences. Seeing each other’s faces is the next best thing to meeting in person.
    3. Trust your employees, but also utilize time-tracking software. It keeps everyone accountable and can help team members feel confident in the hours they put in.

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    The Solution?

    So how can SaaS leaders and companies effectively support and manage employees who aren’t in an office? There is the REMOTE formula to help. Resources, Engagement, Motivation, Objectives, Trust and Expectations are what you need to remember when working with, or developing a team remotely.

    REMOTE formula
    REMOTE formula
    • Resources: Get the right tools. There’s an abundance of online collaboration resources which, in some cases, are specifically designed to ease the struggles of remote working.
    • Engagement: Engage with your remote workers on a daily basis as you would do if they were based in an office. You must eradicate all feelings of isolation. Communication is key and setting out clear goals and outcomes is important to achieving success.
    • Motivation: This is exactly the same as in an office environment. You don’t want your team soft pedalling and giving just a small percentage of their full potential. Motivating your team to achieve tasks they may have never done before will better utilize their just discovered skillset, improve productivity and maximize effort.
    • Objectives: SaaS team leaders should focus on setting direction via goals, not activity. Try not to be overly concerned with details, and when goal achievement confidence is low, know when and how to jump in and find a way to support the area that’s a challenge.
    • Trust: This is a biggie. You must trust your remote workforce. It starts with whether you’re a high trust company or a low trust company. A high trust organization would have their fair share of multipliers. The company shows empathy, collaboration and recognizes their employees as people who are achieving great things. A low trust organization tends to express toxic cultures and would have diminishers amongst the teams. Most of the time formality takes over friendliness.
    • Expectations: By introducing a remote working culture you’re leaving your employee more control of their working structure. Expectations of them and the work they produce for the company needs to be made extremely clear.

    Conclusion

    The debate of remote working is one that will continue to develop. The purpose of this long post is to aid SaaS companies when making a decision to grow and scale, but a work from home culture is not for every organization. Despite the fact that creating and managing a remote team is not easy, it’s definitely worth trying if you have the tools to be successful. So, let’s create your remote team now. Please tell us your views in the comments section below.