In today’s rapidly changing world, crafting better work environments is no longer a luxury, but a strategic requirement. Fueling productivity, nurturing loyalty, and uplifting well-being, a vibrant work environment is a transformative space where employees thrive, not merely survive.
Read on to discover how to make this vision a reality.
“Remote working allows you to focus on work and life as opposed to commuting.” – Ken Matos
In a post Covid landscape, the option to work remotely has transcended into an expectation in the workforce.
In 2022, Buffer surveyed 3,000 people from all around the world. It found:
The National Bureau of Economic Research in the US found 35% of Australians said they would quit their job or start looking for another if their employer forced them to return to the office full time.
“Music can heal the wounds, that medicine cannot touch” – Debasish Mridha
Some studies have shown that music can reduce anxiety more effectively than anti-anxiety drugs.
Some benefits of music:
“Music seems to fulfill a range of important functions for employees, including providing relief from stress, and improving concentration,” says Dr. Anneli Haake from University of Sheffield.
Here are some ways to creating an office filled with music and camaraderie:
1. Create a music corner: Set up a designated area in the office (i.e. in the break room), where employees can play musical instruments like a guitar, piano, or even a small drum set during their breaks.
2. Music for Celebrations: Play uplifting and energetic music during company celebrations, milestones, or achievements. This creates a festive atmosphere and boosts employee morale.
3. Live Music Workshops: Arrange workshops or sessions where employees can learn to play musical instruments or participate in group singing, fostering creativity and bonding.
“Food sharing is a fundamental form of cooperation that is particularly noteworthy because of its central role in shaping human life history, social organisation, and cooperative psychology” – Jaeggi & Gurven, 2013
In business and in life, strength lies in differences, not in similarities.
Diverse companies are 7.8 times more likely to be innovation leaders in their market.
Diverse companies enjoy 2.3 times higher cash flow per employee.
Diverse teams outperform individual decision-makers up to 87% of the time.
An easy (and fun!) way to share and appreciate cultural differences in the workplace is through food:
Rather than stamping out differences, embrace the diversity of your team.
“To teach is to learn twice” – Joseph Joubert
An impressive 79% of Millennials consider mentoring crucial for their career success. When analyzing the keys to remarkable success in companies, one trait stands out among the rest: the presence of excellent leaders who, in turn, cultivate excellent employees.
This prompts the question: What drives the adoption of mentoring programs in successful businesses, and what benefits do mentoring programs offer?
While the “one-way” benefits for the mentees in mentoring programs are evident, it is essential to recognize that mentoring also brings significant advantages to both the mentors and the organization itself.
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Benefits to the Mentor
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Benefits to the Organisation
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Self-Confidence
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Employee Engagement
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Communication Skills
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Employee Satisfaction
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Job Satisfaction
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Employee Loyalty
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Company Loyalty
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Culture of Learning
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On-Boarding Ease
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“Life’s most persistent and urgent question is, what are you doing for others?” – Martin Luther King, Jr.
Giving back or volunteering is becoming a top retention strategy for corporations. A 2022 study on talent retention found that “companies see a 52% lower turnover among newer employees when they participate in purpose programs.”
Here are some benefits volunteering brings to the employees in the workplace:
Start big or start small, each step counts so why not start now?
1. Environmental Initiatives: Initiate eco-friendly volunteering activities, such as tree planting, beach cleanups, or recycling drives, to promote environmental consciousness within the company.
2. Mentoring for Non-profits: Encourage employees to volunteer as mentors for individuals in underserved communities or nonprofit organizations. This fosters personal growth while supporting community development.
3. Collaborative Volunteering Events: Collaborate with other companies in the region for joint volunteering events. This enhances community impact and strengthens industry partnerships.
Source: Harry Hoang | CEO of Tailored Accounts
In an era defined by technological innovation and rapidly evolving markets, accountants face two great challenges: shaking off their dusty, number-crunching image and enticing young talents who would rather be anything other than “that boring numbering guy.”
So how can we reinvent the wheel, or in this case, the balance sheet?
Tailored Accounts took a deep dive into XeroCon 2023 and emerged with some invaluable insights into the future of our industries. From evolving security paradigms in our digital age to the pursuit of high-performance mindfulness, here are 6 takeaways from XeroCon to get your mind running.
In 2021, viral TikToks showcased influencers detailing illicit “loan” applications.
These videos have now spiralled into cases of GST fraud valued at over $4.6B. Accountants and banks point fingers at the ATO’s prolonged inaction.
