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A company's performance is synonymous with its employees'. Industry giants have witnessed their profits grow annually as they invested more into boosting their employee performance and productivity. Facebook's per-employee profits, based on last year's profit of $16 billion divided by their number of employees, made $634,694 per employee. Another example is Apple who made $48.3 billion last year, and had an average per-employee earning of $393,097. Microsoft raked in $21.2 billion in 2018, which comes out to $171,000 per employee.
For some people, working from home is no different than working in the office. They sit down at their computer, put in 8 hours, and then log off for the day once everything is done. These people are obviously superheroes, and we should all tip our hats to them. Not everyone can do that, which normally isn't a problem. However, it may end up becoming one due to the recent coronavirus outbreak. Many companies are being forced to have their employees work from home meaning the people who aren't great at working from home are struggling.
In the wake of the average employee turnover rate increasing, companies are looking for ways they can boost employee engagement. According to a 2019 Bureau of Labor Statistics (BLS) report, the annual average turnover rate in the U.S. is 44.3%. This increased amount of turnover in companies costs around $82,580 roughly 20 employees leave a company.
SharePoint boasts a wide array of tools that can help you boost your productivity. Companies can make the most of these resources to make their workflow and processes easier and smooth. However, Microsoft SharePoint can be fairly complex. To make the most of SharePoint's features, you need to learn what options are available and how to use them. We are trying to make it simple for you to configure a custom template for your SharePoint Library.
Due to the coronavirus outbreak, many companies are looking into having their employees work remotely to keep them safe. For these companies, this may be the first time they are experiencing remote work conditions. They likely aren't aware of what tools their teams should be using. There are a wide range of tools available, and which tools your company ends up using depends on your needs. To help you decide, we put together a list of the best tools that companies can use to remain successful throughout the coronavirus outbreak.
The rapid spread of coronavirus has certainly been a cause of concern for many companies. With experts calling for social distancing, many companies are having their employees work remotely to protect them from coronavirus. Teams all across the country are having to adjust to working from home. Many employers are feeling the same old worries about working from home as they did before the coronavirus outbreak. These can include fears of decreased employee productivity, engagement, and collaboration.
Every company recognizes the need for a skilled workforce, but that doesn’t mean they always invest the necessary resources into building one. Beyond the initial training to prepare an employee for a position, many employers don’t offer training opportunities. In 1995, the average employee only received 11 hours of training per year as opposed to the average worker receiving 2.5 weeks of training in 1979. As of 2011, only 1 in 5 workers report receiving on the job training at all. Of this number, many aren’t receiving effective training.
One of the biggest puzzles that employers face is figuring out how to manage customer relationships. There are no one-size-fits-all solutions to each customer interaction. You must be reactive and adaptive to maintain good relations. We know that building strong customer relationships can be difficult and time-consuming.
As we enter the new era of industrialization, various industries are now undergoing digital transformation to stay competitive. This radical shift in thinking about how people, business processes, and technology can collaborate also comes with changes in workplace dynamics.