Is this economy changing the way you do business? For the better or worse?
As business starts to open again, we are noticing that nothing is “normal” anymore. We hear a lot of people talk about how they just want things to go back to normal. Honestly, I think we all need to create our new normal. The old way we went about our day and conducted work is gone.
Contingent workers are people that businesses do not need to keep long term or offer benefits to and so on. You can hire them temporarily with little to no documentation of keeping them forever. A lot of future businesses will probably be able to be conducted this way. Have a core group of staff and then fill in the rest with contingent workers.
Where we are finding people struggle the most is through how they handle staff working from home. If a business can get used to using contingent workers, they may be able to solve the issue of having people work from home. Hire people for what you need, and not just because you need a part-time position.
To continue with our topic on contingent workers. They can be described as;
As you can see with the description of a contingent worker, you as a business can start to see the benefits of them. You will probably at some point soon have jobs like this that you need to be completed and a contingent worker can fit in nicely to fill a project or task gap in your business.
We are all in the midst of a new economy. We believe that our old normal does not exist or has a very little resemblance. Through research over the past weeks and months, we have come up with a list of things the new economy will present us all. It is not an all-inclusive list, but hopefully, it gets a group thought process working towards a new business model. Several of them are;
With your owner and leadership group, be infinitely ready for change. Change is going to come at you quickly over the coming months. Start planning and preparing today for tomorrow’s reality.
As a consulting group, we talk a lot about strategy and whether it is existing or emerging. Emerging comes out of something new, that changes your perception. You are all in the midst of a new economy that is emerging. We all have an idea of how things are going to change, but the details are not quite worked out yet! As a business, our clients are going to have new expectations. The following list will hopefully give you some ideas on how to attract new clients and keep your existing ones happy. Again, they are not all conclusive, but several are listed to get your mind working;
With a new economy emerging your business staffing and strategy are going to change. Your business can be growing or receding, but either way, you need to make a plan amongst the people that make decisions. When you have finalized this process, you need to communicate with the staff that works for you. Keeping them in the dark in times like this is not right and unprofessional. Staff are working towards your business dream, so the least you can do is explain to them what you are going through as a business.
If you need any help with any of these topics, feel free to reach out to our business consulting group at Future to Now Consulting for more information.