Layoffs are common. Many companies offer voluntary layoffs packages when they begin downsizing their staff. While these packages may seem great, they have pros and cons. Should you accept a voluntary layoff?
The answer to this question is yes and no, depending on your situation. There are some things to consider before you accept.
Why Companies Offer Them
Employers try to make laying off their staff as smooth and conflict-free as possible. One of the best ways to do this is by providing severance, and voluntary layoff packages.
It also helps them weed out the employees that want to be there, and the employees that don’t. Workers may accept the voluntary packages for a myriad of reasons, including a career change, being unhappy at the workplace, or because they’ve been looking for a new job or have a job lined up.
If not enough employees leave voluntarily, companies will further downsize
Risk difficulties finding work in the job market
Does It Harm Your Chances on the Job Market?
Seriously consider your reasons for taking the package. You have to explain your reasoning to hiring managers. If you don’t have a good explanation, you risk appearing like a disloyal, and even selfish worker. But if you do have a good reason – a career change, a Plan B, etc. – you will have better luck having hiring managers understand your choices.
What are your thoughts? Should you accept a voluntary layoff package?
With the success of the general tool over the last few years, Wrike aimed their efforts at more particular industries and areas. That’s why they created Wrike for Marketers.
With a typical marketing workflow in mind, Wrike made sure to include in the platform briefs, assignments, reviews, approvals, and requests, according to TechCrunch.
And communication and workflow are effortless between your temps, interns, short term contractors, and other employees.
Plus, because many marketing campaigns and projects rely on Adobe InDesign and Photoshop, Wrike created an extension that works with Creative Cloud so users can use Wrike’s tools while using either Adobe program.
Extra features are also available for users of the Business Plan with a small additional fee.
Wrike is working on other projects at the moment to improve productivity for more targeted niches and industries, but there is no word yet as to what their target market is next.
What are your favorite business tools for organization and productivity?
When preparing sales or big deals, make sure you have an organized system in place. You must be able to find contracts, records, and other important documents when you need.
Organization is a key aspect of running a successful business. It will help you find things when needed, and keep track of sales, revenue, clients, products, and more.
Plus, it will make running your business a lot smoother. If you’re unorganized, you can lose important papers, forget critical information, and even think your revenue sales are higher or lower without all the proper paperwork in front of you.
With the legal aspects of running a business like taxes, keep it all organized. It will make everything much easier, and help the success of your sales.
Build Relationships and Networks
As a startup or small business, your connections are everything.
The right person or business relationship can help you land a big deal, put your foot through the door in meeting an important new contact, or give you access to the funding you need to launch a product or service.
Do not underestimate the power of connections. While this may seem like something else to add to your already heavy workload, it is worth it.
Make time to meet business owners and influential individuals in your industry. Reach out to them, attend industry meet-ups in your area, and even connect online.
Social media is a powerful tool that can help you connect and build your network with people globally.
You can tap into your network for advice on new hires, such as whether you should hire a temp, intern, or short term contractor, or should take that business risk you’ve been considering.
Without a network, it’s difficult for your business to grow, evolve, and expand.
What are your thoughts? What else can position your business for success?
Obama and Zuckerberg discussed the importance of technology access for startups and small businesses. They believe more action must be taken, and more support must be given to startups, particularly in receiving funding, increasing web availability and connectivity, and having access to tools and resources.
During the panel, the president noted, “Turns out that starting your own business is not easy. You have to have access to capital, you have to meet the right people, you have to have mentors who can guide you as you get your idea off the ground.”
Zuckerberg chose to highlight FbStart, a platform designed to help mobile startups and small businesses grow and build apps. Startups can apply to the program. Those that are accepted undertake the company’s mentorship program and have free access to $80,000 worth of tools and resources.
Following the panel, Zuckerberg with Obama hosted a Facebook Live Broadcast, discussing the importance of startups and small businesses having access to tools and resources to grow further.
Obama supported the idea of having the government fund programs that give entrepreneurs and startups access to these valuable tools. So these companies can make a positive change in the world, particularly in energy and climate change.
He stated, “We’re going to be funding more young entrepreneurs around that issue.” It was also noted it could extend past climate change and energy to other areas such as health care.
As a startup, having access to these resources can greatly help a business’ team of employees, including interns, short term contractors, and temp positions. Only time will tell when these programs and ideas take flight.
What do you think of Obama and Zuckerberg’s ideas on helping small businesses? Are other startups besides energy, climate change, and health care important to fund?
Planning is essential to a business plan. Creating a solid plan begins with putting down on paper every aspect of your business.
Writing your business plan involves what you are doing with your company and what you hope to achieve in the future.
Sure, it isn’t the most exciting part of owning a business. And writing down a plan (which is time-consuming) doesn’t sound like something you’d like to do. But once you’ve written it, and written it well, you can go back to the fun aspects of your business.
Nothing is set in stone in the business world. That’s why you should plan your business, but understand changes can happen. Which is why over-planning won’t do you any good.
You must always be ready to adapt when needed. So stay flexible.
Every successful business offers a solution to a problem. In your industry, what problem are you trying to solve?
Your business plan must include your customers’ problems or needs, and how you can help and solve that problem. In other words, how can you make their life easier?
For instance, Apple is known for innovation. Their products are accessible to the public, easy to use, and simple.
If you’re a tech startup, does your product solve a problem? If it doesn’t, you need to dig deeper, expand your ideas, and maybe even go back to the starting line before moving forward again.
While writing and building your business plan, make sure you focus on a problem in your industry and how you will solve that problem.
But stay true to your company brand. Don’t forget about your mission, values, ideals, and company culture while creating it. It can be easy to get lost in it all. Even if you’re just beginning your journey as a small business or startup, keep those values close to you, and never lose sight of them.
Your values and ideals will help you hire employees such as temps, interns, and short term contractors.
Plus, the more focused you are, the easier it is to build your business plan and the faster you can get back to other parts of your business.
Make your business plan purposeful, and discuss how you can change the world. Not just make money.
What is your biggest business plan obstacle? How did you overcome it?
There comes a time when every supervisor or human resources representative hears: “That’s not my job.”
You assign a task to an employee, or ask for a favor, and suddenly you hear that phrase. It’s a roadblock. And you may not know what to say in response.
You may be overloading your employees with tasks outside their job responsibilities, or you may be asking for more teamwork between your staff.
There may be a time when this response is justified and times when it isn’t.
But when your employee said “That’s not my job” – now what? Here are a couple of things you can do, now and in the future, to avoid this problem.
Help Build Friendships
For many employees, they only see their colleagues as, well, colleagues. They don’t see them as friends, or anything beyond a detached work relationship.
If your employees don’t care about each other, they won’t care to help their co-workers. Foster work friendships in the workplace, so your staff is willing to help others, instead of shutting the idea down.
Remember not to ask employees to do something you wouldn’t do. Lead by example and create work friendships with your staff – though your relationships will be slightly different as their supervisor.
However, there is a level of self-control you must master to be productive. If you succumb to watching TV all day, or putting off important tasks, you won’t make any money.
In the freelancing world, if you aren’t working, you aren’t making money. You can’t take paid vacations, or request a paid sick day. If you want to pay your bills, you’ll have to figure out how often to work, the number of clients you need, and your project rates.
You Don’t Get All the Perks
Many workers take their health insurance, employee assistance programs, dental coverage, and other perks for granted.
When you’re a freelancer, you’re solely responsible for your own health and dental insurance, 401K, and more. Many employers provide discounted insurance plans, so it can be more expensive to purchase these on your own.
Your former workplace may have had a fancy fitness facility and offered free dental insurance, but when you choose the freelancing life, those are no longer available.
If you freelance for a company, there is a possibility they offer their freelancers benefits, but usually not. Be prepared and budget.
What are the pros and cons of being a freelancer? What draws you to a freelance career?