Business

How To Ensure Employee Productivity In A Hybrid World?

Employee Productivity: Gone are the days when clocking long hours in the office was considered as one of the de-facto performance parameters. In an ecosystem where a hybrid workplace is a new norm, there is a need to change the traditional ways to ensure employee productivity.

But it is easier said than done. This is one of the biggest questions that are facing management, supervisors, and team leaders across the board.

As companies adjust to the new reality of workplace management, there is a need to mend how employee productivity is being measured. For instance, there is a set of people who like to work from the office, citing factors like work-life balance and focus time. At the same time, there is another set of people who like to work from home citing the same factors.

In other words, in a hybrid work ecosystem, it is important to have a slightly different mindset to ensure employee productivity as compared to the traditional ecosystem. Here are some ways that can help you ensure employee productivity in a hybrid world:

1. Focus on results, not activities

One of the key ways that can help you ensure employee productivity in a hybrid world is by focusing on results rather than activities, operating an agent productivity tracking software can be also helpful. As you prepare for a hybrid world in the long run, it is critical to change the traditional mindset along with the traditional ways of measuring performance. Rather than measuring performance on activities, it is better to assess impact.

Gone are the days when factors like long hours at the office, or a pleasant personality would also play an indirect role in the overall performance of the employee in the office. A hybrid world needs a new mechanism to ensure employee productivity. One of the mechanisms that can help you get started on this transformational journey is by focusing on results.

2. Be proactively available

As employees do not have a chance to get their doubts clarified on the floor or by a brief conversation at the workplace, it is the responsibility of the manager to be available for your team. As employees are expected to continue to perform in a hybrid work environment, supervisors need to play a supportive role when employees require them.

For instance, one of the most common complaints in a remote work environment is that workers end up spending too many hours on calls. It is the responsibility of the manager to keep the right balance between calls and project progress.

More importantly, as a supervisor or a manager, you can spare some time out from your schedule and line it up towards solving any doubts or clarifications your team may have.

3. Opt for tangible results in employee productivity

You need to understand that employees do not have anything to show daily in a hybrid work environment unlike in the office. As a result, it is important to have tangible results for employees as a target. As employees would meet the set tangible targets, they would have something to show as ‘real’ progress.

It can also act as a big motivating factor for the employees. As you set small tangible results that are aligned with the progress of the project, you would be able to create a fine balance between tangible results for employees and an increase in efficiency and productivity for the organization.

4. Increase regular contact with employee productivity

Always remember that a hybrid work ecosystem is a new reality for the workforce as well. For this to work effectively, you need to increase regular contact with employees and try to have more check-in conversations with your team. This approach can help you in two ways – employees will feel more connected and supported, and managers would have better control over the process.

As employees feel more supported, they would try to go the extra mile to achieve the set goals. At the same time, with these conversations, you can have an idea about the roadblocks being faced and the new opportunities that exist in the market. Such conversations should take place in person even in a hybrid environment. However, in case you feel it will take some time, you can also check in on your team members virtually. Remember, timely feedback is more important than comprehensive feedback.

5. Communicate

With the hybrid work environment becoming the new reality for organizations across the globe, it is important to realize that employees are also going through this learning curve. As a result, as companies bring the changes to ensure employee productivity, it is essential to communicate these changes to employees at all stages.

A communication strategy will help in keeping your workforce informed about the changes being made in the performance metrics and style of working. This will help them prepare for the future and respond accordingly to these changes. In addition, Using Technology such as the Microsoft Teams platform can boost collaboration and productivity in teams, primarily when you work in hybrid environments. However, it would be helpful if you could integrate production tools for Microsoft Teams to enhance productivity and collaboration, so hybrid teams feel more connected and motivated.

6. Check workload

A hybrid work environment requires better management of workflows and employee productivity. For instance, it has been seen that it is better to check project progress and how much each employee contributed to the project. This would give you a fair sense of the workload of each employee as compared to all projects that your team is working on. In the end, it is critical to check the workload of each employee to ensure employee productivity.

You can opt for employee monitoring software to understand the current workload of each employee. A clear view of employee activity enables supervisors to differentiate between actual productivity and forced efforts. When managers know which employee is performing better but have too much workload, they can reduce that to employees doing nothing productive.

Summing up

These are the top ways that can help you ensure employee productivity in a hybrid work environment. As the world settles into the new reality of the workspace, managers need to keep an open mind and be more receptive to enabling feedback. User activity monitoring software opens the ways to better hybrid workforce efficiency.

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Business

PepsiCo Reduces Revenue Projections As North American Snacks And Key International Markets Underperform.

(VOR News) – In the third quarter of this year, Pepsi’s net income was $2.93 billion, which is equivalent to $2.13 per share. This was attributed to the company.

This is in stark contrast to net income of $3.09 billion, which is equivalent to $2.24 per share, during the same period in the previous year. The company’s earnings per share were $2.31 when expenses were excluded.

Net sales decreased by 0.6%, totaling $23.32 billion. Organic sales increased by 1.3% during the quarter when the effects of acquisitions, divestitures, and currency changes are excluded.

Pepsi’s beverage sales fell this quarter.

The most recent report indicates that the beverage and food sectors of the organization experienced a 2% decline in volume. Consumers of all income levels are demonstrating a change in their purchasing habits, as indicated by CEOs’ statements from the previous quarter.

Pepsi’s entire volume was adversely affected by the lackluster demand they encountered in North America. An increasing number of Americans are becoming more frugal, reducing the number of snacks they ingest, and reducing the number of times they purchase at convenience stores.

Furthermore, Laguarta observed that the increase in sales was partially attributed to the election that occurred in Mexico during the month of June.

The most significant decrease in volume was experienced by Quaker Foods North America, which was 13%. In December, the company announced its initial recall in response to a potential salmonella infection.

Due to the probability of an illness, the recall was extended in January. Pepsi officially closed a plant that was implicated in the recalls in June, despite the fact that manufacturing had already been halted.

Jamie Caulfield, the Chief Financial Officer of Pepsi and Laguarta, has indicated that the recalls are beginning to have a lessening effect.

Frito-Lay experienced a 1.5% decline in volume in North America. The company has been striving to improve the value it offers to consumers and the accessibility of its snack line, which includes SunChips, Cheetos, and Stacy’s pita chips, in the retail establishments where it is sold.

Despite the fact that the category as a whole has slowed down in comparison to the results of previous years, the level of activity within the division is progressively increasing.

Pepsi executives issued a statement in which they stated that “Salty and savory snacks have underperformed year-to-date after outperforming packaged food categories in previous years.”

Pepsi will spend more on Doritos and Tostitos in the fall and winter before football season.

The company is currently promoting incentive packets for Tostitos and Ruffles, which contain twenty percent more chips than the standard package.

Pepsi is expanding its product line in order to more effectively target individuals who are health-conscious. The business announced its intention to acquire Siete Foods for a total of $1.2 billion approximately one week ago. The restaurant serves Mexican-American cuisine, which is typically modified to meet the dietary needs of a diverse clientele.

The beverage segment of Pepsi in North America experienced a three percent decrease in volume. Despite the fact that the demand for energy drinks, such as Pepsi’s Rockstar, has decreased as a result of consumers visiting convenience stores, the sales of well-known brands such as Gatorade and Pepsi have seen an increase throughout the quarter.

Laguarta expressed his opinion to the analysts during the company’s conference call, asserting, “I am of the opinion that it is a component of the economic cycle that we are currently experiencing, and that it will reverse itself in the future, once consumers feel better.”

Additionally, it has been noted that the food and beverage markets of South Asia, the Middle East, Latin America, and Africa have experienced a decline in sales volume. The company cut its forecast for organic revenue for the entire year on Tuesday due to the business’s second consecutive quarter of lower-than-anticipated sales.

The company’s performance during the quarter was adversely affected by the Quaker Foods North America recalls, the decrease in demand in the United States, and the interruptions that occurred in specific international markets, as per the statements made by Chief Executive Officer Ramon Laguarta.

Pepsi has revised its forecast for organic sales in 2024, shifting from a 4% growth rate to a low single-digit growth rate. The company reiterated its expectation that the core constant currency profitability per share will increase by a minimum of 8% in comparison to the previous year.

The company’s shares declined by less than one percent during premarket trading. The following discrepancies between the company’s report and the projections of Wall Street were identified by LSEG in a survey of analysts:

SOURCE: CNBC

Business

Old National Bank And Infosys Broaden Their Strategic Partnership.

(VOR News) – Old National Bank, a commercial bank with its headquarters in the Midwest, and Infosys, a firm that specializes in information technology, have recently entered into a strategic expansion of their link, which has been in place for the past four years.

This expansion is more likely to take place sooner rather than later, with the likelihood being higher.

For the purpose of making it possible for Old National Bank to make use of the services, solutions, and platforms that are offered by Infosys, the objective of this expansion is to make it possible for the bank to transform its operations and processes through the application of automation and GenAI, as well as to change significant business areas.

This lets the bank leverage Infosys’ services, solutions, and platforms.

Old National Bank Chairman and CEO Jim Ryan said, “At Old National, we are committed to creating exceptional experiences for both our customers and our fellow employees.”

This statement is applicable to Old National Bank. Infosys is carefully managing the business process innovations that it is putting us through, putting a strong emphasis on efficiency and value growth throughout the process to ensure that it is carried out efficiently.

This is a routine occurrence throughout the entire operation. Because of Infosys’ dedication to our development and success, we are incredibly appreciative of the assistance they have provided.

Old National has been receiving assistance from Infosys in the process of updating its digital environment since the year 2020, according to the aforementioned company.

Ever since that time, the company has been providing assistance. The provision of this assistance has been accomplished through the utilization of a model that is not only powerful but also capable of functioning on its own power.

Infosys currently ranks Old National thirty-first out of the top thirty US banks.

This ranking is based on the fact that Old National is the nation’s largest banking corporation.

It is estimated that the total value of the company’s assets is approximately fifty-three billion dollars, while the assets that are currently being managed by the organization are valued at thirty billion dollars.

Dennis Gada, the Executive Vice President and Global Head of Banking and Financial Services, stated that “Old National Bank and Infosys possess a robust cultural and strategic alignment in the development, management, and enhancement of enterprise-scale solutions to transform the bank’s operations and facilitate growth.”

This remark referenced the exceptional cultural and strategic synergy between the two organizations. Dennis Gada is the one who asserted this claim. This was articulated explicitly concerning the exceptional cultural congruence and strategy alignment of the two organizations.

We are pleased to announce that the implementation of Infosys Topaz will substantially expedite the transformation of Old National Bank’s business processes and customer service protocols. We are exceedingly enthusiastic about this matter. We are quite thrilled about this specific component of the scenario.

Medium-sized banks operating regionally will continue to benefit from our substantial expertise in the sector, technology, and operations. This specific market segment of Infosys will persist in benefiting from our extensive experience. This phenomenon will enable this market sector to sustain substantial growth and efficiency benefits.

SOURCE: THBL

Business

American Water, The Largest Water Utility In US, Is Targeted By A Cyberattack

The largest regulated water and wastewater utility company in the United States stated Monday that it had been the target of a cyberattack, forcing the company to halt invoicing to consumers.

American Water, The Largest Water Utility In US, Is Targeted By A Cyberattack

American Water, based in New Jersey and serving over 14 million people in 14 states and 18 military facilities, said it learned of the unauthorized activity on Thursday and quickly took precautions, including shutting down certain systems. The business does not believe the attack had an impact on its facilities or operations and said employees were working “around the clock” to determine the origin and scale of the attack.

water

The corporation stated that it has alerted legal enforcement and is cooperating with them. It also stated that consumers will not be charged late fees while its systems are unavailable.

According to their website, American Water operates over 500 water and wastewater systems in around 1,700 communities across California, Georgia, Hawaii, Illinois, Indiana, Iowa, Kentucky, Maryland, Missouri, New Jersey, Pennsylvania, Tennessee, Virginia, and West Virginia.

SOURCE | AP