How analytics will impact the future of work
Flowtrace resources and ideas for team engagement, positive culture in the workplace and company intelligence.
Posts by Ian Spencer:
Most organisations rely on meetings as an essential component of coordinating projects, work and teams, but inefficiencies in meeting best practice point towards massively growing sunk costs which now equates to nearly $500 billion globally in relation to the ‘lost productivity cost impact of poor quality meetings”.
We have all sat through pointless internal meetings (which could have been summarized in a Slack thread or Email). But meetings needn't be pointless. Successful internal meetings bring everyone together to check-in with one another and communicate challenges, actions and needs.
This is why we wrote comprehensive guide on how to conduct meetings, what are the benefits of meeting best practices, and how you can get your whole team onboard great meeting culture. If you are here for the meeting best practice guide, or meeting policy template, jump right into them below, or continue reading to learn more about the common internal meetings.
Despite the emergence of some amazing software products for team collaboration, to improve team communication, hybrid working and employee productivity, all designed to align employees and employers in more ways than ever before, the threat of organizational silos for business growth is increasing.
Some recent research shows that on average 40 percent of company employees report that they feel siloed because "different departments have their own agendas" (commonly known as The Silo Mentality).
While organizational silos, and information silos causes issues with employee communication and team collaboration — both of which are critical success factors for delivering the best customer experiences and ensuring you have the right product/market-fit — the increasing problem is becoming more linked to the impact on revenue growth.
If you are active on social media, you will have seen the term 'The Great Resignation'.
Is it a flash in the pan or should you be concerned by how it will impact you, and your company?
We conducted some analysis within our client network, the results showed "an 89% employee retention rate (based on voluntary turnover) throughout the pandemic, compared to the market average (UK, Europe and US combined) which averages 71%.
The 3rd party external analysis paints a similar picture, and overall impact begins to form when you look closer at organizational behavior, workplace culture and cross-functional alignment.
Our view is that people and organizations who are being impacted by 'The Great Resignation' have a combination of alignment and culture issues, which could, and should have been fixed before the impacts on our working lives created by the pandemic.
If you care about your employees, the environment you create for them to work in and focus on creating and maintaining a positive workplace culture, then you should have nothing to worry.
On the other hand, if you are part of a company which have neglected your organizational culture and cross-functional alignment for too long, you might be facing the cliff of 'employee disengagement' or worse still, your team are already completely disengaged.
I had the pleasure of catching up with Dr. Adrian Reisch, Co-Founder at aioneers, to discuss their fascinating growth story, team collaboration effectiveness, startup culture and building outstanding teams.
aioneers was founded at the beginning of 2020, led by six former Ernst & Young partners with 20 years of shared work experience.
The company went operational in mid-2020 and quickly grew to a team of 25 people, which has since grown to just under 60 employees.
The aioneers ambition is to enable companies to boost their performance with technology, having observed efficiency and capability gaps impacting most companies across the market. This is particularly the case in terms of supply chains, although these challenging gaps are not exclusive to the space.
The Flowtrace Partner Program is designed for organizations who want to help their clients gain greater business benefits from in-depth team collaboration analytics.
In the last two years, the relationship between employer and employee has changed. We have all had to adapt the way we work, how we communicate with colleagues and how we effectively collaborate within our teams.
With the launch of the Flowtrace Partner Program, the company is looking forward to building new strategic partnerships to help more organizations utilize the power of Team Collaboration Analytics, Slack Channel Analytics and Google Meeting Analytics.
If you’ve ever tried searching Google for “team collaboration tools” or “team collaboration assessment tools”, I’m sure you have already discovered that the results are varied and cover many different areas of cross-function collaboration, employee engagement, employee productivity, HR software and even employee performance management.
The results indicate 'collaboration' is a varied topic and it's impact are felt across the business. We wanted to simplify the process of improving cross team collaboration, and cross functional collaboration, by creating an easy to use collaboration assessment tool. With this tool, we score your company's collaboration in multiple categories so you can then improve the area what the impact has highest return on investment.
Even before our working lives were interrupted by a global pandemic, a movement has been growing for a long time, where email is becoming less important for organisations and internal communications, and the rise of digital communication and startup team collaboration software tools are becoming the focus.
From effective hybrid work team collaboration to project management, from employee productive metrics to team collaboration analytics, collaboration software providers offer an abundance of options.
The best team collaboration software makes it simple and easy for teams to work together on day-to-day tasks as well as specific strategic projects.
Collaboration is fast becoming the new normal in the workplace, and an integral part of startup culture. Employees are no longer expected to work in silo from one another. This growing focus on effective team collaboration brings many benefits from improved efficiency, organic innovation, customer-obsessed focus, talent retention, increased productivity and a highly engaged team ethos.
Company culture is a key criteria for being an asset to your startup. It can influence many aspects of your success from how effectively you build a product to how quickly you gain traction with your target market, to customer brand loyalty and how aligned your employees are to your focus strategy.
Building and maintaining this culture takes time and effort, but the payoff can be huge — both for your company and for your personal growth.
As entrepreneurs, we are often motivated by our desire to prove ourselves. This motivation can blind us to other possibilities. When we begin our venture, we might overlook the difficulties that might be associated with pursuing said endeavor.
Instead, we focus on how to secure the next funding round—whether it be via investment or debt financing—and often lose sight of some factors that can bring huge rewards such as Return on Culture, Collaboration in the workplace, A shared common goal and Competitive Advantage.
How to create a positive culture in the workplace
Your culture is anything but static; it evolves and changes depending on the needs of the day. This means that some companies will be more successful than others. But, understanding what makes for a good company culture can help you determine how your business will thrive.
In this article, I will define ‘what is workplace culture’ and highlight '10 proven strategies' as it relates to team composition, talent acquisition and retention, business strategy, open communication and how leadership teams enable the best possible team ethos.
Building a startup is one of the most fun and rewarding things you can do in business. With so many tools and SaaS platforms available, it can be daunting to know where to start and understand the best startup software tools which are right for you to support your growth.
In this guide we take a comprehensive look at some of the best startup software tools, free plans and cool software to help you launch, run, manage, market, collaborate, scale and measure the success of your startup.
We have pulled on the experience of 100s of startups in this guide and asked for their feedback on software tools they have used when building their startups.
In this guide we will cover:
- Best startup bank accounts
- Best accounting tools for startups
- Best Website builder tools
- Best Inbound marketing software
- Best Integrated Marketing Automation Tools
- Best Email Automation Tools
- Best Social media automation tools
- Best pricing automation tools
- Best paid advertising tools
- Best Referral marketing tools
- Best Customer success tools
- Best Team collaboration software