In the last two articles, we discussed the advantages of diversity and inclusion in the workplace as well as some obstacles the HR department might face during the process of building a diverse, equal and inclusive environment. In the next step, we are going to sketch out a thorough plan that helps your organisation to achieve this goal.

After several months of remote work from the office, many organisations and their employees have completely adjusted to business as unusual and found ways to maintain productivity from home.  

By definition, forecasting is the process of prediction or evaluation of the upcoming events, trends, outcomes, etc. For business prospects, simply guessing what future might hold is very risky and not appropriate for the most. That’s how annual budgeting plans came to be. Although, even with the best data and tools, the business climate is very unpredictable and ever-changing. To fight budget uncertainty, Rolling Forecast is here to save the day.

The traditional monthly close has long been used by companies and some still do. But the problem with this approach is that by the end of the month, everything becomes so cramped up, making it error-prone and labour-intensive. Continuous close, on the other hand, makes things much easier for both the company and the employees.

It is still baffling to look back and see how our lives have changed tremendously within just six months. People no longer rush their morning routine and run to the second floor to attend their 9 AM meetings. Travelling to work every day now seems like an old age thing. The post-COVID-19 work environment demands adaptability and flexibility.

Life is known for its unexpected challenges, and everyone should have a backup plan if something goes wrong. A backup plan is particularly important to save yourself from unnecessary trouble and help you to be ready for any circumstances.

Challenges of adapting to change are nothing unique for manufacturing. Technological progress drives innovation in production, and processes considered to be innovative may be obsolete with the output of the second batch. While transformation through innovation was typically driven by competitive space and in pursuit of efficiency, challenges and developments coming from 2020 are driven by necessity. What once was unusual is becoming new normal in manufacturing.

Thanks to technology developments and globalisation, people nowadays are more connected than ever before. Therefore, the workplace becomes increasingly diverse in terms of nationality, culture, gender, experience, personality and more. We can see people from different countries who speak different languages work together under the same roof. This inevitable movement has changed the way corporations manage their talent resources to maximise the advantage of having multicultural perspectives.

In countries like Korea, Taiwan, and Singapore, e-invoices have been implemented since the late 2000s. The process of transitioning from paper-based invoices to digital ones certainly is complex due to complicated tax laws and regulations. However, they offer a multitude of benefits to both suppliers and buyers, ranging from eliminating human errors to reducing illegal/ invalid transactions, speeding up the approval process, and maintaining compliance.

We are living in an interconnected world fuelled by globalisation and technology advancements. As a result, the modern workplace is increasingly filled with modern teams that are undeniably diverse as well as inclusive and remote. In a post-COVID-19 world, this is the reality that many businesses are happy to experience.

Read more: Defining diversity and inclusion in the modern workplace