Management

8 Best Practices For Managing Remote Teams

Managing Remote Teams

Depending on the size of a work team, it may be challenging to get and keep everyone on the same page. Managers will have to find a middle ground that will include all team members regarding their management style, as not all employees will respond equally well to one specific management type.

Add another difficulty level to this feat—remote working team members. It could be challenging for teams to function well together under the best of circumstances, but keeping them apart and not physically around each other can contribute to many factors that affect productive units.

However, there are some best practices that a company can implement to make things easier for management and their teams. Below are some of these that management can consider following:

manage Remote Teams

1. Have Open Communication Channels

When team members know that they can go to peers or management with their concerns without feeling that they will face retribution, they can build open and honest relationships. So, unify your team through communication and set up the best way for all to get in touch. Cloud-based telephone systems could improve the quality of contacts and other methods that the company can easily set up for its teams.

2. Check In With Team Members Daily

Most remote workers enjoy the freedom of not having to sign into the office physically every day, but this shouldn’t exempt them from checking in with their team throughout the day. Management can communicate with each person daily to see if they have any issues they need help with or just as a show of support. 

One way of subtly checking in with remote employees is by asking them for feedback or input on a specific matter. When doing this, they feel included and part of the team, while the manager can see whether the team member is keeping up with the rest of the team.

3. Use Technological Advances For Streamlining

Nowadays, there are many applications that a company can use to make the lives of its teams easier. For example, within the healthcare industry, the use of a specialised app for caregivers can greatly enhance communication and efficiency. These apps are designed to streamline the whole team’s tasks in person or remotely. These can include shared project management, customer relations, and calendars on which team members can record various data so everyone can access it.

Software applications save the manager tons of time and effort, as most of them will have a function to show the progress of the team or their specific tasks. With the apps in place, managers can give their superiors feedback without being close to their team members.

4. Stipulate Expectations For The Team

Workers with clear parameters within which they can complete their daily tasks will know what the company expects of them. They can then plan their day accordingly and ensure that all of their work meets the company’s standards without someone having to lean over their shoulder to remind them. It also builds trust between the team members and the company when managers don’t have to micro-manage their teams. 

On the other hand, it shouldn’t be confused with leaving the team to their own devices, where there would be no structure or support. Instead, it would be best to provide the team with the freedom to show their managers that they are responsible and capable of handling daily activities.

5. Monitor Output And Not Activity

Managers could drive themselves up a wall when monitoring a team member’s activity. Just because they aren’t showing up online doesn’t mean they won’t finish their daily tasks. Some remote workers find a new balance between work and home life, which may look different from the model managers are used to seeing in an office. Companies that adjust will have a better team member retention rate, even during the ‘great resignation.’

6. Ensure Employees Engage With The Company

Scheduling regular sessions where all the team members can meet up in person or socialize through a video call may bring them closer. Some people may struggle with being away from their team members, but when they can interact with them now and again, they fill that social void, which can improve their performance. If it isn’t possible for employees to all get together as a team, their employees can encourage the team members from the same area to lean on each other for support.

7. Have A Resource Pool To Reference

People who choose a more remote option for work tend to be more responsible and self-sufficient. To assist them with this while keeping up the standard of work, companies can use a pool of resources that team members can access when needed to make them more productive on their own. These resources prevent hold-ups where managers have to sort out less severe issues instead of more significant ones, saving valuable time and effort.

8. Provide Team Members With Support

Although most remote workers will need little to no daily support, there may be a few hiccups along the way that the company will have to provide support for when they arise. When team members know there will be someone on the other end to help them, they can carry on with their activities seamlessly after a quick reply from their superior.

In a fast-paced office environment, companies don’t have time to hold each employee’s hand but rather empower them to become more autonomous and develop their problem-solving skills in a safe environment.

The Final Thoughts

It is clear that remote working still makes up a large part of some companies’ culture, and those that don’t adjust to this new work model could suffer in their productivity. Although the thought may seem daunting initially, managers can efficiently handle their teams as they would like if they were all in the same office. Everyone will achieve their goals by adding good practices that help them and their teams.

Keeping in touch with team members seems to positively affect their mood, engagement, and the quality of their work. It may mean that companies that invest in proper communication methods or systems like cloud telephones, among others, may reach new heights and rise above their competition.

Additional:

author-img

Sumona

Sumona is a persona, having a colossal interest in writing blogs and other jones of calligraphies. In terms of her professional commitments, she carries out sharing sentient blogs by maintaining top-to-toe SEO aspects. Follow her contributions in RSLOnline and SocialMediaMagazine

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Lead Management

Lead Management 101: A Comprehensive Guide to Success

Do you ever wonder how big businesses manage to earn so much revenue by making so many sales? This is because they smartly apply a process called lead management. This helps them to better convert leads into sales by nurturing them at every step of the marketing and sales funnel. If you wish to understand this concept better, then read this post till the end. What Is Lead Management? If you wish to know the lead management meaning, then you are on the right webpage. Lead management is the process of generating leads in order to interact with them and convert them into buyers. Here, businesses spend a considerable amount of time and money on lead management since this allows them to get more customers and make more sales, resulting in more revenues and profits. This is an essential process for a firm since it helps them understand their customers better. With this, they can understand the needs of the customers, allowing them to present their products as the best solution - a convincing selling process. The Lead Management Process The lead management system is typically carried out in a series of steps for retraining leads and converting them into sales. You can learn all the steps of this process as explained below: 1. Lead Generation The first step of lead management is lead generation, also known as lead acquisition. This is done with the help of various marketing efforts. If you don't have potential customers, nothing can be done. 2. Customer Inquiry When potential customers see your advertisements and decide to inquire about your products and services, the lead management team gets into action. This is where the lead management process truly kicks off for an instant loan app. 3. Identity Capture Now that you have gotten a lead (or many), the next step that you must carry out is lead identification. Using available tools like Google Analytics, you can figure out who the lead is and what their preferences are. 4. Inquiry Filtering Now that you know that a lead has been generated and identified, it's time to verify it for accuracy. This step is necessary to weed out bots clicking on online ads. 5. Lead Grading Once the lead has been fully identified and explored, it’s time to grade the lead. This grading is done by understanding the value of the lead - the likelihood of the lead becoming a customer. The more likely a lead will make a purchase, the better grade the lead will get. 6. Lead Distribution Now that leads have been graded, it’s time to distribute the list to members of the marketing and sales team. Here, the highest-graded leads are distributed first so that the teams can start converting them into customers. 7. Sales Contact Now that you know who the priority leads are, it's time to get the sales team working. Here, the sales team needs to brainstorm ideas to communicate with the lead in the best way possible so that they can convert them into customers and make sales. 8. Lead Nurturing In this step, the sales team needs to kickoff their sales contact process and communicate with the lead. Here, businesses use automated responses and personal responses to convince the lead into making a purchase. 9. Sales Result Once the sales team has convinced the lead to buy a product or order a service, it leads to a sale - the result of the lead management process. Lead Management Best Practices To ensure that your lead management practices are optimized in the best way possible, here’s what you can do: 1. Lead Metric Tracking Tracking your leads is one of the best lead management practices since it allows you to understand what customers want. Here, tracking refers to not only their background but also tracking their actions in the marketing and sales funnel. Some of the most important metrics regarding your leads that you should track are: Email Metrics: This metric refers to the number of emails sent per lead and their open and click-through rates. You should also track the email subscriber and unsubscribe rates as well. Pipeline Report: This report lets you track how many leads there are in each stage of the pipeline handled by your lead management team. Calling Report: This is an important report since it lets you track the various metrics like call volume, successful connect rate, and successful call conversations. Sales Closure: This metric calculates the number of deals your lead management team is committing to the organizational pipeline. Activity vs Revenue Report: This report measures the performance of team members. It shows how many leads each team member is nurturing vs the generated revenue by them through sales and conversations. Lead Source Metrics: This metric tracks the sources of all leads. Therefore, this metric will allow you to understand which marketing efforts are generating the most leads. 2. Going Omni-Channel It’s best to spread out your lead generation and lead management means over various processes. While most startups rely on cold calling as the only process, you should incorporate various other processes like: Email Marketing Pay-Per-Click (PPC) Advertising Content Marketing Blogging Social Media Marketing Webinars Offline Events Best Lead Management Tools Two of the best lead management software that businesses all over the world use are: 1. LeadSquared LeadSquared is an amazing lead management solution that many businesses use. This app integrates lead management with CRM software in one package. Some of the best features of this CRM lead management tool are: Automated Sales: This tool automatically records all data regarding lead identification, lead distribution, and movement through the sales funnel. Built-In Dialer: This app has a built-in dialer that allows you to contact leads with the click of a button. Real-Time Reports: This tool can present you with 130+ lead reports so that you can measure the effectiveness of your lead management strategies. API Integration: You can integrate this app with other apps like WhatsApp, Marketplaces, etc. 2. Freshworks FreshWorks is a CRM tool that integrates various lead management processes. Every step in your process will get recorded here, serving as your lead database. Some of its best features are: AI-Powered Lead Grading: This tool uses AI software to automatically grade leads based on Google Analytics data. Automatic Profile Enrichment: Businesses have been using this tool to automatically get all data regarding leads so that they can be understood and graded better. Conclusion: Better Lead Management = Better Conversions! Lead management is essential for businesses of all sizes. This is because acquiring and managing your leads and successfully turning them into customers is one of the most basic steps to gaining new customers. If you master this management technique, then you will soon see your business earning new customers and earning more revenue! If you have any doubts, reach out to me in the comment section below! Read Also: Develop An Employer Brand Strategy With These Tips Malpractice Vs Negligence – Let’s Find Out The Difference What Are The Benefits Of Hiring A Software Consultant For Your Business?

Transforming Fund Management

Transforming Fund Management: How AI Is Shaping the Future of Investing

AI (Artificial Intelligence) is not just a buzzword anymore. It is everywhere, especially in finance. In fact, fund managers are relying a lot on AI. It is not just for the mere usage. Rather, for them, making the most of AI is about survival now. That is why they are benefiting from efficiency, speed, and personalization. Smarter, Faster Decision-Making Markets move fast (blink and you miss it). The biggest factor here is that AI does not blink. Rather, it constantly goes through data from global indicators, price swings, and sentiment shifts. This helps fund managers to process a lot of data at the same time. Moreover, machine learning models are watching everything, all the time. Spotting patterns before anyone else even knows what is happening is the edge. In addition to that, it is not just about numbers. In fact, it is personal now. AI helps tailor strategies to individual investors. Hence, no more cookie-cutter portfolios. No matter whether you want low risk, high growth, or ethical investing, you can make the most of AI. It is like having a financial advisor who never sleeps. Reinventing Risk Management and Compliance Risk management is getting a facelift, too. AI does not just react but predicts. It sees trouble before it hits. These include volatility, liquidity crunches, abnormal market behavior, etc. Basically, it flags the issue early. This way, managers get the time to pivot. However, compliance is always a headache. But AI is making it less painful. This is because it is adept at scanning transactions, checking documents, and keeping up with changing rules. Also, there are fewer mistakes and less grunt work. Hence, you get more time for the actual strategy. Expanding Intelligence in Alternative Investments Alternative investments like hedge funds, VC, and private equity are not left out. AI is digging into startup data, market signals, and even social media buzz. It is also trying to figure out what is going to happen next. In fact, hedge funds especially love it. Algorithms that learn and adapt in real time are gold in volatile markets. Hence, it is not just about doing things faster. It is also about doing them smarter. Firms using AI are not just keeping up. They are also pulling ahead. This is because investors want transparency and innovation. The best thing is that AI delivers both. The Competitive Edge of Intelligent Investing Integrating AI for fund management is not some distant future thing. Rather, it is happening now. The financial firms that know the applications of AI depend a lot on it. In fact, this lets them lead in the market. As a result, the rest might get left behind. As AI evolves, it is changing how finance works. Hence, its role in fund management will grow with time. Hence, those who embrace AI will fare better. The future of investing is intelligent — and it’s already here.   Read Also: What Is A Business Development Consultant, And What Are Their Job Roles? Strategic Sourcing vs. Category Management

Sabbatical Leave

Sabbatical Leave: What Is It, And How Does It Work?

Sabbatical leave is any extended leave that you take for a month or two from your job. In that time period, the employee does not need to report for work to the employer, but the employment stays. In some cases, the employee may even receive a salary based on a variety of factors. If you are looking for a much-needed vacation that will help you recharge your batteries, a sabbatical might be the best option for you. In this article, you will learn about sabbatical leaves in general and how they work. Furthermore, you will also learn about the length of sabbaticals. Then, we will discuss some of the major benefits of sabbaticals and how they can help in your professional life. Finally, we will share with you some steps to follow if you want to plan for such a leave. Hence, to learn more, read on through to the end of the article. What Is Sabbatical Leave? According to Workable.com, “Sabbatical leave is a break from work, allowing employees to pursue interests such as traveling, writing, research, or volunteering. During this period, employees remain part of their organization but are exempt from regular duties. Common in educational institutions, sabbaticals can also be found in corporations.” A sabbatical is basically a break that you can take from work for a particular time period, during which you can pursue your personal interests so that you can feel better. This can also help you to focus better on your career. How Does Sabbatical Leave Work? Investopedia writes - “A sabbatical can give you a healthy amount of time to enhance your academic qualifications, pursue new interests, do volunteer work, travel, address physical concerns, or re-prioritize your life and career. It's an opportunity to manage the effects of professional burnout. A sabbatical can help you rest, de-stress, and return to work rejuvenated.” Furthermore, many employers that allow their employees to take sabbatical leaves make their employees a stipulation. The job function of the employee can also change by the end of the leave if the employee wants a guaranteed job. Basically, the employee’s situation in the organization is a big deciding factor of what shall be the conditions for the sabbatical leave. What Are The Benefits Of Sabbatical Leave? The following are some of the benefits of sabbatical leave: You can take a break from work to feel better You will have the chance to look for new career opportunities You can work on your educational advancement You can return to work with more energy You will have better relationships with your employer However, you might need to comply with some rules of the company if you are applying for a sabbatical leave. According to Indeed.com, “A company’s sabbatical policy will determine employee rights and responsibilities during their sabbatical. Some organizations forbid employees from taking a second job during their sabbatical, especially if they’re being paid during their career break. Others may permit the employee to take a second job as long as it’s not in the same industry.” How To Plan For A Sabbatical? - Steps To Take As already discussed, a sabbatical leave is a paid leave where the employee receives a full salary or a percentage of the salary. However, some companies do not offer any payment for a sabbatical. Furthermore, whether an employee will get a salary, a part of the salary, or not depends on the time period that the employee stays with the company.  On the other hand, whether an employee will get a sabbatical or not depends on the employee’s position, as well as the nature of the employee’s leave.  The following are the steps you will need to take if you want to plan for a sabbatical: Step 1: Be Financially Ready If your company agrees to give you a full salary during your sabbatical, then finances will not be an issue. However, if your company offers only a part of your salary or no salary at all, then you will need to plan your finances during that period. In the latter case, you can add money to your savings account well in advance of your leave. Step 2: Check Your Health Benefits Being on a sabbatical leave might reduce your health benefits. Check with your company’s HR department to find out their policy regarding medical, dental, and other care during the sabbatical. If the company does not agree to cover during that time, you will need to plan for your health care expenses during that time with your own funds. Step 3: Consider Your Retirement Savings If you receive a full salary, then your sabbatical is counted as in your retirement savings. However, if you receive only a portion of your salary, your retirement savings will be proportionate. If you have no salary during the sabbatical, then your retirement savings will be affected and will affect the amount in your retirement plan. Step 4: Get Insurance Coverage Your company might offer you insurance coverage, like life insurance or disability insurance. Having the latter is important, especially if you are the only earning member of your family. In such cases of sabbatical leave, you will need to find out whether the coverage still applies for sabbaticals or not. You will have to consider alternative arrangements as well. Check out this YouTube video: Letter Requesting Sabbatical Leave – Sabbatical Leave Letter to Employer https://www.youtube.com/watch?v=Ehbwsz64Ntc Wrapping Up Hope this article was helpful for you in getting a better idea of what a sabbatical leave is. Taking a sabbatical will allow you to focus better on your career as well as your personal goals. If you need a leave for an academic reason, then planning for your sabbatical will be pretty straightforward. In other cases, you will need to plan accordingly. Make sure that your finances and benefits are in proper order if you want to go on a sabbatical leave. You can also receive your salary, or a part of your salary, based on your experience with the organization or your post. Do you have anything to add regarding how to plan a sabbatical leave? Share your ideas with us in the comments section below. For More Related Articles, Explore Below: 10 Signs Your Boss Wants You To Leave- How To Find Out? What Is Monopolistic Competition? – Examples Of Monopolistic Competition Pre-employment Screening: Your Comprehensive Guide

Supply Chain Risk Management

Supply Chain Risk Management: Effective Strategies To Reduce It

Supply chain risk management is the lifeblood of manufacturing and retail organizations. You cannot negate the reality from your end. Without it, you cannot stock, sell, or earn revenue from your business. Most of the time, there will be disruptions to the supply chain. You need to know the ways to tackle things with ease. You need to know the problem first, then you can find the solutions to your problem. Develop a strong distribution channel to develop your business. Supply Chain Risk Management can help your business to move forward smoothly without indulging in any problems. It can help you to create a positive goodwill of your business. Once you want to improve the process of your supply chain system. What Is Supply Chain Risk Management? Supply chain risk management (SCRM) is a strategic approach to identifying, assessing, and mitigating various risks.  It can affect the efficiency, productivity, and resilience of a supply chain. This involves the proactive identification and management of potential disruptions that could impact the flow of goods, services, or information within a supply chain. What Are External Supply Chain Risks? Supply chain risks are not confined within the organization, but external factors affect it as well. Some of the external supply chain risks that you need to encounter from your end are as follows:- Natural Disaster:-  Events like earthquakes, floods, wildfires, or tsunamis can disrupt transportation networks. It can damage infrastructure and affect the availability of raw materials or finished goods. However, you cannot ignore the reality from your end. Geo-political Factors:- Political instability, trade disputes, tariffs, sanctions, or changes in government regulations and policies can impact international trade. Sourcing strategies and logistics affect the supply chain. It can affect the wholesale distribution channel as well. Issues With The Suppliers:- Problems with suppliers, such as bankruptcy, quality issues, production delays, or sudden changes in capacity, disrupt the supply chain flow. It impacts the availability of materials or components. Despite this fact, you cannot make things too easy unless you have a perfect strategy in place. Market Demand Fluctuations:- Unpredictable shifts in market demand due to changing consumer preferences.  Furthermore, sudden surges in demand or economic downturns can lead to inventory imbalances and affect production planning. Cybersecurity Issues:-  Cyberattacks, data breaches, or IT system failures can compromise sensitive information. It can disrupt operations and lead to supply chain disruptions, especially in digitally connected supply chains. What Are Internal Supply Chain Risks?   Along with the external supply chain risks, there is the presence of the internal supply chain risks as well. Some of the common risks that can pose a danger in internal supply chain management are as follows:- Inventory Management Issues:- Poor inventory management practices, such as overstocking, understocking, inaccurate forecasting, or inadequate inventory control. Production & Capacity Constraints:- Issues related to production bottlenecks, machinery breakdowns, inadequate capacity, or inefficient production processes can disrupt the flow of goods. Defects & Quality Control:- Failure to maintain quality standards or detect defects in products can result in recalls, returns, and rework. Supplier Reliability:- Dependencies on a limited number of suppliers or failure to vet suppliers adequately can increase the risk of disruptions. Labor Issues:- Internal labor problems such as strikes, employee turnover, skill shortages, or inadequate training can impact production schedules Effective Strategies For Supply Chain Risk Management   You must develop the correct strategies for the supply chain risk management. Otherwise, things can turn worse for you in the long run. Once you adopt the right process, things can become easier for you in the long run. Follow the correct process that can make situations better for your business. 1. Supply Chain Risk Management - Risk Identification & Assessment Regularly assess potential risks across the supply chain. Identify and categorize risks based on their impact and likelihood of occurrence. Use historical data, scenario planning, and risk assessment tools to anticipate and understand various risk factors. Supply chain risk management demands accuracy and precision planning to avoid the chances of higher risk in the future. Furthermore, you need to understand the scenario to make things work as per the situation. 2. Supplier Diversification & Relationship Management Avoid over-reliance on a single supplier by diversifying sources. Maintain strong relationships with multiple suppliers to enhance flexibility and resilience. Conduct regular assessments of supplier capabilities, reliability, and risk exposure. Supplier chain risk management can help you to mitigate the diversification needs of your supply chain business. 3. Supply Chain Visibility & Transparency Enhance visibility across the supply chain by leveraging technology and data analytics. Implement systems that provide real-time insights into inventory levels, supplier performance, transportation status, and potential disruptions. The transparency and visibility of your business can be enhanced using the technique of supply chain risk management. You cannot afford to make your choices in grey. 4. Contingency & Redundancy Planning Develop contingency plans and alternative strategies to mitigate disruptions. Establish redundancy in critical components, suppliers, and logistics to ensure continuity in case of disruptions. Supply chain risk management can help your business meet contingencies with ease. You need to be careful about it. 5. Collaboration & Communication Foster collaboration and communication among supply chain partners. Create open channels for sharing information, risk assessments, and contingency plans to enable a coordinated response to disruptions. Collaboration and communication can help you maintain the supply chain risk management in the correct order. 6. Supply Chain Risk Management - Resilience Building Design supply chains to be resilient to various risks. This includes building agile processes, flexibility in sourcing, adaptive manufacturing capabilities, and responsive logistics networks. If you have the proper supply chain risk management in place, then you can easily build resilience to unforeseen situations. Despite you possess the limited resources in hand to counter any kind of unwanted situation. You can seek the help of a strategy consultant in this regard. Final Take Away Hence, supply chain risk management can help your business grow in the right direction. Furthermore, it can boost the chances of your brand improvement to the next level. You can seek the help of experienced professionals in your organization who can help you in this regard. Feel free to share your experiences with us. It can help us to know your take on this matter. Try to develop a better solution in this regard. Once you have the correct strategy in place, things will become easier for you in the long run. For Reading The Best of Our Articles Please Click Below!! Which Describes A Type Of Tax That Funds City Programs? – Let’s Find Out What Is Mortgage Buydown? Essential Things To Know About It BackMarket: A Complete Guide On It