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We get it – it can be overwhelming to know what trends or business tips to implement! What if it doesn’t work? Which tip is the right one for my business and employees? How will it improve the company? The questions, and lists of tips, go on. But we’re here to help. With over 30 years’ experience in the consulting world, we’ve seen trends come and go. We also know what actually helps businesses. Read below to learn three business trends YOU can implement in 2020 to increase your business success:
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Flexibility
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Employee retention and engagement is continuing to be a large focus and crucial need that all industries are facing. Flexibility is proving to be a key strategy managers and companies like yours are utilizing to aid their retention efforts. In a recent blog, Kare outlined why this is. They show that “…offering flexibility around scheduling and hours is a strategic way to attract and retain workers without increasing wages or negatively impacting the bottom line.” In 2020, it will be well worth your time to see what flexibility your employees want that they are not getting, so you can make them happier while increasing your business profits.
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Hire Project Managers
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This is one thing that will not be disappearing, because it works! We’ve talked about the reasons project management is so successful in previous blogs, from our own success and the research across industries. Hiring an outside project manager provides you with more successful projects and better chances of meeting your goals on time, on budget, and with minimal headaches. Project Managers also increase the skillset of your own employees/team and will give you the tools and roadmap needed to continue to achieve success. Perhaps most important of all, an outside project manager will make sure you are truly meeting your business need, not what you think the need is.
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Expanding Skillsets
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While most of us naturally expand our skillset each year, dedicating focused time to doing this has become more important to companies, and to the employees who make the business successful. Whether it is revamping training, providing classes and certificates for employees to use, and/or pairing them up with coworkers with different skills, showing employees you care about them will make a big impact. If you help them advance their own skills, they are more likely to feel valued, and to have strong company loyalty. Loyalty means retention, and retention helps improve your company culture. Again, this is just a “small” step you can take, that can help improve many of your essential business functions and solve overall business problems.
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The three trends above are just a few of the many you’ll continue to hear about over the next year…but they are important ones. Rather than feeling overwhelmed by your options or all the things you feel you need to be doing, look at them as opportunities. You are being given the tools needed to succeed – now go and implement them.
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Interested in learning more trends to implement in 2020? Contact our team at Kim@QuantumMark.com today!
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