KFA Writes

Managing Remote Workers Effectively and Improving Business Performance

2020-05-05

How to Manage Remote Workers Effectively?

As the novel coronavirus outbreak spreads throughout the world, more and more countries are taking precautions against its onslaught. NBA games have been cancelled, schools are suspending classes, and while workplaces cannot shut down completely, they can instead opt to have their employees work remotely. This not only ensures that business operations continue rather than cease, but more importantly, this ensures that your workers are safe and secure.

Not all businesses have measures in place to help them manage a remote workforce. It’s for these businesses that this article is geared to help. So, what are the things you need to keep in mind in order to handle your remote workers effectively?

Use Team Collaboration-Oriented Programs and Apps

The very first concern you need to address is on how you’re going to maintain collaboration with your team while you’re working remotely. Communication tools such as Skype and Slack are going to help you maintain communication with your team, while cloud-based apps such as Google Docs and Google Sheets can help maintain a semblance or cohesiveness as you work online.

 Establish Online Payment Systems

It’s also important to establish alternate payment methods, especially if you won’t be able to hand out cheques to your employees. Bank transfers are fine, but if you want to be more secure, you might also want to consider online payment methods like Esewa, Khalti, I- or Epay, IME Pay and Qpay, or you might even want to outsource finance functions for maximum convenience.

Set Clear Expectations

It’s difficult to maintain discipline over a remote team. You have to expect that they aren’t going to perform exactly the same way that they do in an office setting. But be that as it may, it’s still important to make your expectations known so that your team knows what their roles are, and what is expected of them. When working with remote teams, the only thing that matters is that results are achieved, so long as the means to get those results do not damage the business in any way.

Set and Update Project Milestones

It’s also important to set deadlines and a schedule of milestones for your team. This not only helps keep your team goals in mind, but it also ensures that members of your team have a definite schedule to follow. This allows them to allocate their time properly, which is often the most challenging aspect of working remotely.

It’s also important to give regular updates as well as to ask for regular updates on progress so that the members of your team are aware of how a particular project is going and so they can make the necessary adjustments to minimize the risk of failure. This ensures that you team members know that there are tasks to complete, and this will allow them to dedicate their time and resources to accomplish the task.

Even when your business is not affected by the epidemic, you might want to consider implementing a contingency plan where your employees would still be able to keep operations running, even from their homes. The coronavirus won’t be the only situation where you might want your team to work remotely. We have the technology to run businesses online, we might as well make good use of that technology.

5 Tips to Improve Business Efficiency

The way you manage your company will have a significant impact on your growth and overall business success. Running an efficient business offers many benefits including lower operational costs, improved customer relations, and higher profits. To help you achieve your business objectives, here are five tips to improve business efficiency today.

1. Hire a Skilled Team

One of the first steps to running an efficient business is to hire a team of skilled employees. Keep in mind that your staff will play an essential role in business growth and revenue. You should therefore invest in recruitment strategies to attract the top talent to your business. Here are some useful tips on how to hire the best team for your business:

Get your current employees involved in the recruitment process by offering attractive referral schemes with rewards like bonuses or extra vacation time.

Use professional social media networks like LinkedIn to connect with quality candidates online.

Attend candidate-focused networking events.

Offer attractive job perks like free gym memberships or flexible working hours.

2. Provide Quality Training

Employees who receive high-quality training will have the skills and knowledge to carry out their job tasks efficiently. Having the right skills and equipment to perform their work duties should also have a positive impact on employee morale in the workplace, which should further boost productivity within your company.

According to experts, some of the most popular work-based training methods include online courses, interactive videos, mentoring programs, and on-the-job training. Make sure that your company has a quality training program in place to educate staff, boost employee skills, and increase motivation and engagement in the workplace.

3. Invest in Management Software

All companies have to juggle various business tasks and responsibilities which can lead to human errors and missed deadlines. Fortunately, task management software can be used to manage multiple activities and greatly improve business efficiency. In particular, task management software can be utilized to enhance internal and external communication, automate core business activities, monitor productivity, and reduce business costs. The best part of management software is that it can be customized to suit your exact business needs and requirements.

4. Improve Communication in the Workplace

Miscommunication can harm business productivity and lead to time-consuming mistakes. You can help your company become more efficient by improving communication in the workplace. Firstly, encourage employees to speak face-to-face rather than through email or other messages platforms. This should help minimize the risk of confusion and errors due to unclear messages. Alternative ways to improve communication in the workplace include checking in on staff members regularly, creating a strong internal communication strategy, and having an “open door” policy.

5. Use Outsourcing Services

When done correctly, outsourcing can be an excellent way to save time and make your business run more efficiently. To be successful, you should try and only outsource non-core activities of your business such as payroll and data processing. This means that you will have more time to focus on key areas of your company while having peace of mind that any outsourced tasks are being managed by specialists.

-Dr. Sanjeev Pradhan

The Author is MBA's Academic Professor at KFA Business School & IT for Organizational Behavior

More Writes

Weekly Economic Analysis - Footwear Industry in Nepal

2020-10-12

                                      

Read More

Weekly Economic Analysis - Construction Industries

2020-10-05

                                 

Read More

Weekly Economic Analysis - Aviation Industry

2020-09-28

                                    

Read More

Weekly Economic Analysis - Nepali Film Industry

2020-09-21

                                             

Read More

Weekly Economic Analysis - COVID-19: Economic Impact and Opportunities

2020-09-14

                                      

Read More

Weekly Economic Analysis - Telecommunication Industry

2020-09-07

                                 

Read More

Weekly Economic Analysis - Internet Service Providers (ISPs) In Nepal

2020-08-24

                                            

Read More

Weekly Economic Analysis - Tourism Industry in Nepal

2020-08-17

                                          

Read More

Weekly Economic Analysis - Fertilizer Industry in Nepal

2020-08-10

                                                

Read More

Weekly Economic Analysis - E-Commerce in Nepal

2020-07-27

                                       

Read More

Weekly Economic Analysis - Foreign Direct Investment in Nepal

2020-07-27

                                    

Read More

Weekly Economic Analysis - Agriculture in Nepal

2020-07-22

                                                          

Read More

Weekly Economic Analysis - Impact of Covid-19 on Oil Industry

2020-07-13

                            

Read More

वर्तमान अवस्थामा सरकारले प्रत्यक्ष नगद प्रवाहलाई प्राथमिकतामा राख्नु आवश्यक छ ।

2020-05-20

एक उद्यमी, जो साधारण लेख लेख्छ, उ जस्तोले सरकारलाई माथि उल्

Read More

Government needs to implement immediate direct Cash Transfer

2020-05-20

For an Entrepreneur, who writes articles on ‘Entrepreneurship Series’, it might look surprising and unusual recommending Government to directly t

Read More

Book Review - Siddhartha

2020-04-28

Book Review by Kumar R Shrestha

Read More

Book Review - South Asia China Geo-Economics

2020-04-21

Book’s Name :  South Asia China Geo-Economics

Read More

Role of Entrepreneurs in Post-Covid-19 Period

2020-04-17

                               

Read More

Role of Nepali Entrepreneurs in Post Covid-19 Period

2020-04-16

Last week I authored an Article “Economic Impact of Covid-19 – In Context of Global and Nepalese Ec

Read More

KFA Online Virtual Class – Synopsis

2020-04-15

  A. General Brief:

Read More

Economic Impact of Covid-19 – In context of Global and Nepalese Economies

2020-04-12

Free Fall in Global GDP & Rise in Global Unemployment:

Read More

Post-corona Projection; Waiting Wonders...

2020-04-09

The fright of corona virus has had a swiftly rising graph with exponentially ballooning panic and pain across the globe. Dean Koontz's novel &lsquo

Read More

Weekly Economic Analysis

2020-03-19

                                      

Read More

Weekly Economic Analysis - The Evolution and Services of Trending Online Portal

2020-03-11

With the view to understand the business model and prospect of online businesses in Nepal, KFA Spring MBA 2020 Group 1 students, Aashi Sah, Aayush Bhatta, Ajaya Maharjan, Alka Singh, Anish Gautam, Anjan Boyaju, Anubha Thakur, Avishesk KC, Bhumika

Read More

Weekly Economic Analysis - eSewa

2020-02-26

                               

Read More

Weekly Economic Analysis - Macroeconomics Stats of Nepal

2020-01-30

                                            

Read More

Weekly Economic Analysis - Investment in Nepal

2020-01-22

                                           

Read More

Weekly Economic Analysis - Derivative Market

2020-01-15

                                      

Read More

Weekly Economic Analysis - Bank Merger

2020-01-08

                                        

Read More

Weekly Economic Analysis - Nepal – China Economic Relationship

2020-01-01

                                             

Read More

Weekly Economic Analysis - Foreign Direct Investment inflows in Nepal

2019-12-18

                                      

Read More

Weekly Economic Analysis - Remittance & Nepalese Economy

2019-12-10

Brain drain and dependency on inward remittance are some of the major problems that our country is facing today. The future managers should know the impact it would create in long term and how they can play a role to solve these issues.

Read More

Weekly Economic Analysis - Alternative Sources of Energy

2019-12-03

Nepal has an opportunity for several renewal resources. A better understanding of energy use scenario of Nepal can help budding entrepreneurs to come up with several new business plans. Weekly Economic Analysis at KFA helps students expl

Read More

Need to start from Basics

2019-07-22

When we play video games, we do not start from Level 17, we start from Level 1. We certainly wish to cross Levels 17, 18 and further, however in order to reach there, we have to master the initial levels first. We practice so much in Levels 1, 2 a

Read More

Training - A right intervention, not a one stop solution

2019-07-01

Last week when I was having a casual conversation at a party with one of my acquaintances about the Keto diet, a senior bank personnel from one of the banks where I had recently facilitated training, came over to me. He hesitantly said, “Kis

Read More

Guest Lecture Session in KFA Business School

2019-05-17

Guest Lecture Session in KFA Business School As part of this month's Guest Lecture Session, MBA fourth semester students of KFA Business School got the opportunity to attend the lecture by the Risk and Complia

Read More

Growing Significance of the Study of Managerial Economics

2019-05-31

Guest lecture in KFA Business School on the topic “Growing Significance of the Study of Managerial Economics” by Mr. Rijan Dhakal As part of the Guest Lecture Session in KFA Business School, the stud

Read More

Winners of KFA Quiz 5

2019-04-17

As part of social media group interaction, KFA organizes various quizzes and other activities for engagement in social media groups. The latest quiz in our five different Viber groups included simple question as follow: Q) Identify the p

Read More

Getting people to perform, choices for optimum effectiveness

2019-03-14

“Mr Jha” someone was calling my name from the end of the training hall. I turned around and saw the caller heading towards me. I greeted him with usual “Namaste” and asked him how I can help him. As we got to talking, he sh

Read More

Winners of KFA Quiz 4

2019-01-31

As part of social media group interaction, KFA organizes various quizzes and other activities for engagement in social media groups. The latest quiz in our three different Viber groups included simple question as follow: Replace ? with c

Read More

Focus on your Core Competencies

2019-01-25

The word ‘focus’ refers to selectively concentrating on one aspect of the environment while ignoring other things. While we fo

Read More

Winners of KFA Quiz 3

2019-01-16

As part of social media group interaction, KFA organizes various quizzes and other activities for engagement in social media groups. The latest quiz in our three different Viber groups included simple question as follow: Complete the fol

Read More

My Plead to Sexual Assault Survivors

2019-01-10

(At the age of seven, her uncle kissed in between her thighs. He made her caress his privates. Not knowing what happened, she washed her hands again and again after her uncle went home. She regretted not going to shopping with her parents and

Read More

Winners of KFA Quiz

2019-01-03

As part of social media group interaction, KFA organizes various quizzes and other activities for engagement in social media groups. The latest quiz in our three different Viber groups included simple question as follow: What is

Read More

A FAMILY BEYOND BLOOD

2018-12-27

The journey of “Resta Foundation” started eight years ago when a simple man visited Banglamukhi temple to pray with his family. In his disbelief, he came across a group of helpless, innocent souls of five, six-year-old begging for a li

Read More

‘Who’ First

2018-12-20

Questions like ‘What’, ‘Where’, ‘When’, ‘How’ and ‘Who’ hit one’s mind while starting any venture. What is the Idea? Where shall the idea be implemented? When is the right time for

Read More

GET IT OFF YOUR CHEST

2018-12-12

To say her appearance shocked me would be an understatement. I remembered the last time I saw her, in a party similar to this, when she had chubby lively face and probably 10 kg more in her body weight. Now, she seemed abnormally skinny and her sw

Read More

Facts and Fantasies about Commodity Futures

2018-12-05

Commodity futures are still relatively unknown asset class, despite being traded in U.S. for over 100 years, and elsewhere for even longer. This may be because commodity future are strikingly different from stocks, bonds,

Read More

Prosperous Nepal - Happy Nepalese

2018-11-28

As usual, my friend was late again. With nothing else to do, I started eavesdropping on the discussion going on in another table while sipping my coffee. The group consisted of six people (I Counted!) and they were talking about one of the most tr

Read More

Startups Fail! Here’s how you can make sure yours doesn’t

2018-11-21

Startups Fail! Whether its 7 or 9 out of every 10, one thing is for sure, startups have horrible success rates. This does not bode well for the economy as SMEs are what drive an economy forward and indeed less so for the entrepreneurs who see thei

Read More

Building Great Organization’s through Detailed SOPs

2018-11-14

Processes are underrated. Always have been and probably always will be. But that doesn’t reduce their significance in the growth of an organization of any shape, form or structure. A lot has been said these days about pragmatism and dynamism

Read More

Five Principles to Consider in Choosing the Right Lender for Your Business

2018-10-11

There are BANKS and there are Banks How do you choose the best one?

Read More