How to Keep Your Remote Employees Connected and Engaged in a Digital Era

Home Business Magazine Online

The shift to remote work is well underway. According to a recent survey by McKinsey & Co., 58 percent of US workers say they now work from home at least one day a week. More than one-third have the option to work from home full-time. It is easy to identify the upsides of the shift. Spend just a few minutes reading about the topic, and you will hear about less stress for employees and less overhead for employers. The downsides, however, are less obvious. For example, remote work causes a slow and painful impact on work culture and a decrease in employee engagement.

If your own company culture is not struggling, then it is likely you have heard an executive peer talk about how he or she is floundering to maintain his/hers. In this new age where remote work is the new normal, work culture is falling behind. Historically, culture largely existed in the office. As employees spend less time in the office, they create their own cultures within the walls of their homes. The result is historically low levels of employee engagement.

Gallup Reporting of Employee Engagement 

Gallup recently reported that US employee engagement took a downturn for the first time in a decade. Only 34 percent of employees reported engagement with their jobs. How does that level of disengagement affect a business? Gallup found that engaged workers are 13 percent more productive than those who are disengaged. This resulted in a 22 percent increase in profitability for companies. Those that cannot find a way to reverse the trend of disengaged and disconnected employees will find themselves suffering — rather than benefiting — from the shift to remote work.

Each business leader has a very specific challenge to address. How does he/she create a culture that can effectively make its way into the workdays of all employees, rather than just those who spend their days in the office. The end results are the freedom and flexibility of remote work without losing the engagement and connections that are critical for employee wellness, a healthy culture, and strong productivity.

To the business leader taking up this challenge, here are three steps you can take to increase the level of engagement with your remote workers.

Step One: Provide Recognition to Remote Employees

If employees believe that the work they do for their company is valuable and directly affects the business’s success, then engagement increases. One way to stoke that belief is by recognizing your employees’ accomplishments.

Some old familiar examples of employee recognition include handwritten thank-you notes, personalized gifts, or public recognition bestowed during group gatherings. These long-standing means of recognition and rewards are not necessarily bad. However, they often do not translate well to the world of remote work. If you have a traditional employee recognition strategy, transitioning each aspect to the digital realm will make it easier to boost engagement through recognition.

Keep in mind that meaningful appreciation does not need to be a big lift, especially with the digital tools that are available for connecting with remote workers. It also does not require a big investment in swag, gift cards, etc. The critical component is to do it with a purpose. Intentionally seek out the good things people are doing every day, and recognize them. A gratitude-centric culture improves connection amongst team members.

Step Two: Listen to What Remote Employees Are Saying

If you determined that your employees are among the 66 percent of disengaged employees, the next step is to determine why. What do they need to keep them connected, engaged, and productive? The best way to find out is to ask them.

Finding out what your employees want and need is, in some ways, easier in a remote work environment than with the traditional in-office model. Anonymous digital surveys will drive more participation, more insights, and more unfiltered feedback from your team. Instead of an additional internal campaign, just incorporate it with regular HR communications. Do not be afraid to offer a sweetener or rewards for the completion of surveys that can increase participation. You do not have to do that every time, but when you want to hear from your people, a small incentive can go a long way. However, adding that incentive to every survey or employee feedback form will dilute the meaning of the reward over time.

Once you get feedback, respond. The best thing you can do as a leader to encourage your employees is to act on the feedback you receive. Doing this creates a level of trust and confidence in an employer. Subsequently, this will have a positive impact on engagement. If for some reason you cannot provide the solution they asked for, tell them why. That transparency also builds trust.

Step Three: Equip Remote Employees for Engagement

Maybe too much of the responsibility for engagement is placed on the remote employees. The problem, in fact, may lie elsewhere. Employee engagement is tied to a number of factors, and there are absolutely some external items to consider.. Think about this: 70% of variance in employee engagement is attributed to managers. Saying that your employees are disengaged because they are not trying hard enough is a great way to miss the real problem and assign blame to what might not be the root cause of disengaged employees.

As you leverage digital tools to empower remote engagement, make sure that you stay focused on a “human-first” approach. You may need to take into account external factors like economic status, available resources, and digital literacy. However, most — if not all — of your team should have what they need to stay connected. If you find that employees are unable to participate, then find ways to equip them with the knowledge and resources they need to effectively navigate company tools. Never assume that a lack of engagement is the result of a lack of effort.

Final Comments

People are hard-wired to be social. Establishing and maintaining a healthy remote work culture begins with embracing that reality. When you provide remote work opportunities, pay special attention to how you will help with employee engagement and connection. Remote work is not inherently disengaging. It only becomes so when the right support is not in place.

The post How to Keep Your Remote Employees Connected and Engaged in a Digital Era appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/management/employees/how-to-keep-remote-employees-engagement-connection-up-digital-era/

Tesco to cut 300 jobs and freeze prices on 1,000 items

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Supermarket giant Tesco have said it is planning to cut more than 300 head office jobs in order to save money. This comes at the same time shop workers are receiving a pay increase for the third time in 13 months. Tesco, which is the UK’s biggest retailer, said it is aiming to make savings of £500 million this year. 

The company issued a warning that profits could be hit by inflation, after revealing an almost 64% decrease in its half-year profits. The plans to save this money include consulting on 325 job cuts in head office and regional management teams. These consultations began in the last fortnight. However, the retailer also said that they would try to move those losing their jobs into other roles within head office, with 500 other vacancies available.  

Other changes include introducing more automated tills and reducing the number of suppliers. These changes could put the company on track for full-year profits of £2.4 billion to £2.5 billion, which is still £100 million less than forecast. 

British brands

Not only are customers tightening their purse strings, but high energy prices are continuing to drive up running costs for stores. The Christmas period ahead also looks uncertain, with many unable to ascertain the impact the cost-of-living crisis could have during the festive months. 

Despite this, however, shop workers will receive increased pay. From November 13th of this year, the basic hourly rate of pay in Tesco stores with increase by 20p per hour. This will raise wages to £10.30 per hour, or £10.98 in London stores. This brings the total pay rise rate for Tesco employees to 8% this year. 

But cutting jobs for some and raising pay for others aren’t the only changes the retail giant are making. The company also announced it will be freezing prices on more than 1,000 products until 2023. It also said they are planning to double the size of their fast track grocery delivery service, Whoosh by the end of the year. 

The post Tesco to cut 300 jobs and freeze prices on 1,000 items appeared first on MoneyMagpie.

Original source: https://www.moneymagpie.com/make-money/tesco-to-cut-300-jobs-and-freeze-prices-on-1000-items

How to choose an enterprise SEO platform

Enterprise SEO platforms guide

Understanding your current marketing processes, knowing how to measure success and being
able to identify where you are looking for improvements are all critical pieces of the SEO platform
decision-making process.

In this guide you will learn:

5 key benefits of enterprise SEO platforms

With thousands, tens of thousands, and even millions of pages, sites, social conversations, images, and keywords to manage and optimize, enterprise SEO has become increasingly complicated and time-consuming.

Using an enterprise SEO platform can increase efficiency and productivity while reducing the time and errors involved in managing organic search campaigns.

More specifically, managing SEO through an enterprise toolset can provide the following benefits:

  • Many tools, one interface. Enterprise SEO platforms perform many tasks in one system. A comprehensive dashboard can help your organization monitor SERP rankings and trends, how you measure up to competitors and your share of voice. The integration and prioritization of tasks, reporting and user permissions can offer substantial benefits to enterprise-level SEO operations.
  • Intent insights. Because of the search engines’ increased focus on user intent, enterprise-level SEO tool vendors are developing machine learning models that analyze user behavior and site content to help marketers answer searchers’ questions. This information can inform content development strategy –- a critical element given the foundational importance of quality content.
  • More efficient management of global operations. Enterprise SEO tools have built-in diagnostics that can be invaluable on a global scale to identify site-wide issues across languages, countries or regions. These tools uncover macro and micro issues with pages, templates and infrastructure.
  • Keeping pace with the search engines. SEO software vendors have dedicated teams and engineers to follow frequent search engine algorithm changes and their impact on the SEO reporting required by enterprises. Through education as well as software tool development, a relationship with a quality vendor can give marketers a competitive advantage.
  • Automated reporting to provide data in near real-time. Many brands end up trying to put a lot of data in spreadsheets and updating them manually. But that doesn’t provide a complete view of the data. Most enterprise SEO platforms offer highly customized reporting capabilities that are widget- and wizard-driven to make reporting faster and easier. Many also allow for the export of data to business intelligence tools or other analytics software

How much enterprise SEO platforms cost

Licensing an enterprise SEO platform can be a significant investment, particularly for ecommerce or retail brands with hundreds of thousands of SKUs or product pages.

Marketers typically spend tens of thousands of dollars each month in licensing fees. They may also pay for installation and staff training to maximize the value of the platform and its capabilities.

Virtually all enterprise SEO platforms are provided on a software-as-a-service (SaaS) basis (i.e. the vendor makes the software available online and is responsible for all maintenance and system administration).

Enterprise-level pricing models vary and are often customized based on the number of users, sites, keyword rankings, link volume, international coverage and other SEO activities.

How to make an informed SEO platform purchase

Ready to help your organization choose the SEO platform that is the right fit for your business needs and goals? Here are four steps to help.

Step 1: Do you need an enterprise SEO platform?

Deciding whether your company needs an enterprise-level SEO platform calls for the same evaluative steps involved in any software adoption, including a comprehensive self-assessment of your organization’s business needs and resources, staffing, management support and financial resources.

Use the following questions as a guideline to determine the answers.

  • Do we have the right human resources in place? Employing people to implement and use SEO platforms is a prerequisite to success. If you have marketing staff, utilizing SEO toolsets can make them more efficient and effective. The vast majority of organic search marketers struggle to justify their SEO budgets. SEO platforms and tools are a key component of helping to keep overall costs down while getting the required work done. Their analytical capabilities can also help SEOs prove the impact of their work on the bottom line.
  • Do we have C-level buy-in? Enterprise SEO software can be a five- or six-figure investment annually. It is critical to demonstrate the value of SEO to C-level executives by running pilot test projects and agreeing to a definition of “success” in advance.
  • Do we have the right technical resources? Successful enterprise SEO needs dedicated technical resources deployed to it to act on the recommendations and opportunities surfaced by the analytics and reports. With many SEOs reporting a technical backlog as the primary thing hindering their SEO success, allocating resources to this task can be the factor that determines whether an implementation is successful or not.
  • Who will own enterprise SEO? Enterprise SEO is commonly placed into marketing, editorial or IT, depending on the nature of the business. Unfortunately, in large companies, it usually ends up with either whoever has the budget or whoever can best articulate the business case. In a best-case scenario, it should be both.
  • Can we invest in staff training? It is vital to provide training to technical, design, content and marketing teams, and reinforce it on a regular basis. A successful enterprise SEO implementation will find ways to inject SEO knowledge into existing training programs and identify internal evangelists to broadly distribute the messages. Training needs to be comprehensive, consistent and continuous. Some tool companies include or offer training for an additional fee, so be sure to ask about this.
  • To what extent do we need to share reports with non-SEO staff? Some tool providers focus significant development resources on simple interfaces that can be utilized by people in other organizational roles – such as writers or C-suite executives. If this is important to you, make sure you specifically look for this when evaluating possible platforms.
  • Have we established KPIs and put a system in place for tracking, measuring and reporting results? It’s important to know upfront what you want your SEO to achieve. Do you want to improve SERP rankings or the time visitors spend on your site? Is conversion – whether a product purchase or whitepaper download – your key objective? Having goals will help you decide if you’re ready to put an enterprise platform to good use, as well as help you decide which tool will best meet your organizational needs.
  • How will we measure success? Depending on your site’s monetization strategy, make sure you know how you’ll determine if the rollout of the platform and the successful execution of the established KPIs actually increased sales, conversions, or page views.
  • Do we have realistic expectations? It is not uncommon for enterprise SEO efforts to take at least six months to generate tangible results. If SEO is a new initiative within the organization, cultural shifts and workflow processes will need to be implemented and refined. Setting realistic timelines and goals will help build support at all levels of the enterprise.
  • Do we have an SEO culture? Many organizations begin to invest in SEO but find that a lack of understanding of SEO across the organization cripples its progress. Broad educational programs are often required to provide consistent performance and results.

Step 2: Identify and contact appropriate vendors

Once you have determined that enterprise SEO software makes sense for your business, spend time
researching individual vendors and their capabilities by doing the following:

  • Make a list of all the SEO capabilities you currently have, those that you would like to have, and those that you can’t live without. This last category is critical and will help you avoid making a costly mistake. If you find that one vendor doesn’t offer this “must-have” capability, it’s obviously not a fit. When it comes to international data, it can be cost-prohibitive to track all your markets, so you may want to use an enterprise-level tool to track your most important market, then use simpler tools for secondary markets.
  • Take your list of capabilities and then do some research. Many of the vendors profiled in this report also provide whitepapers and interactive tools that can help.
  • Narrow your list to those vendors that meet your criteria. Submit your list of the SEO capabilities you’ve identified and set a timeframe for them to reply.
  • Decide whether you need to engage in a formal RFI/RFP process. This is an individual preference, however, be sure to give the same list of capabilities to each vendor to facilitate comparison.

The most effective RFPs only request relevant information and provide ample information about your business and its SEO needs. It should reflect high-level strategic goals and KPIs. For example, mention your company’s most important KPIs and how you will evaluate the success of your SEO efforts. Include details about timelines and the existing digital technology you have deployed.

When written properly, an RFP will facilitate the sales process and ensure that everyone involved on both sides comes to a shared understanding of the purpose, requirements, scope, and structure of the intended purchase. From the RFP responses, you should be able to narrow your list down to three or four platforms that you’ll want to demo.

Step 3: Scheduling the demo

Set up demos with your shortlist of vendors within a relatively short timeframe after receiving the RFP responses to help make relevant comparisons.

Make sure that all potential internal users are on the demo call, and pay attention to the following:

  • How easy is the platform to use?
  • Does the vendor seem to understand our business and our marketing needs?
  • Are they showing us our “must-have” features?
  • Is the reporting actionable?

Other questions to ask each vendor include:

  • How do you calculate search volumes? Knowing how the system treats information types will impact how you ascribe value to certain keyword terms, make decisions about keyword and content choices and affect the ROI of your search marketing efforts. Find out from where raw data is extracted (i.e., analytics, log files, or a proprietary tracking pixel).
  • Can this system track millions of searches, visits, site pages, etc.? Knowing whether the
    platform is a true enterprise solution or a simple tool that may not scale for your business
    needs is crucial. Limits on the numbers of keyword rankings, pages or traffic tracked could
    impact your use of the system or significantly increase the cost.
  • Do you support international search? There are many nuances within international SEO that can mislead even the best SEOs. Find out if the numerator in the calculation of the platform’s average clicks per search or average search volume is normalized for global or local (in that market) search, and whether search ranks are calculated from within the country or remotely. Does their tool make hreflang coding recommendations? Will it manage the page relationship and directional recommendations? The misapplication of international data could impact the ROI of your search marketing efforts.
  • How do you track and report universal search results? You will want to know if and where your site was listed on the results page. For example, did your listing appear in web results, the In the News segment, an in-depth article or the video results? That location and reporting feedback helps to quantify strategic and tactical efforts.
  • Does your tool help customers understand what competitors do, and derive actionable insights from that? What are the most important features the tool has for providing competitive research? Competitive intelligence is a standard feature for virtually all enterprise SEO platforms – but the scope and cost differ between vendors. Find out what level of data is provided about your competitors and vertical industry, and make sure it fits your requirements.
  • How robust and flexible are your reporting options? Different users have different reporting needs. Find out if reports can be customized and automatically delivered to different users and types of users, and whether data can be exported in CSV format.
  • Where are the actionable reports? Enterprise tools have dashboards and generous amounts of data but it’s important to understand how (and which) reports can immediately benefit your business. A good sales team will understand your company’s objectives and KPIs and will have reports ready or be able to run them in real-time. This is data that can be handed over to the appropriate teams and promptly acted upon.
  • What other meta-information does your system collect that may be made available via API? Being able to trace search traffic data from the front of the funnel all the way to sales data in a CRM or business intelligence (BI) system will help you to more accurately calculate ROI.
  • Is there a workflow built in that allows me to coordinate the work of my marketing, content, web development and social media teams across the organization? SEO cannot operate in a silo. A true enterprise platform should provide built-in workflow management that includes task assignment, management and monitoring of completion rates across groups.
  • What does the onboarding process entail and how long will it take? What are the training options (i.e., is it online only or will you send people to our location to train us on-site)? Be sure to find out what onboarding and support is included in pricing and what is an add-on.
  • What kind of ongoing support and client engagement will your account team provide? How will you gauge our use or non-use of the platform’s features? One of the most common reasons a company transitions out of an enterprise platform is because they don’t use it enough. How do they propose you avoid tool fatigue and checkout for your organization? A vendor should be prepared to address this issue and specifically how the tool creatively engages users and gets them back into the environment.
  • What new features are you considering? What are the long-term roadmap and launch dates? The SEO landscape is constantly changing with new features to further leverage digital assets rapidly coming out of Google and Bing. How quickly do they respond to the implementation of new SERP features and begin tracking them? It’s important to understand the level of innovation and the ability to add and track emerging technologies. Knowing a vendor’s new feature release date schedule and its ability to stick to committed timelines is also important. This helps establish long-term trust and an expectation with the vendor that it will always be on the cutting edge of SEO.

Step 4: Check references, negotiate a contract

Before deciding on a vendor, take the time to speak with one or two customer references, preferably someone in a business like yours. The SEO vendor should be able to supply you with several references if you cannot identify them yourself.

Use this opportunity to ask any additional questions and find out more about any topics that weren’t addressed during the demo. Make sure that the person you’ve been referred to is a primary user of the solution.

Consider also asking these basic questions:

  • Why did you move to an enterprise SEO platform?
  • Why did you select this platform over others?
  • Has this platform lived up to your expectations?
  • How long did the system take to implement?
  • Are you also using additional tools for crawling, page evaluations, competitive analysis, domain and link data?
  • Were there any surprises that you wish you’d known about beforehand?
  • What was the quality of the training resources and the onboarding process?
  • Where have you seen the most success? The biggest challenges?
  • Do other teams in your company use the tool? How did you get their buy-in?
  • How are you measuring your own success?
  • How easy was the set-up process and how long? Did the vendor help?
  • How responsive is customer service?
  • Has there been any downtime?
  • Do you use all the resources provided? If not, which ones and why?
  • What is the most useful, actionable (favorite) report the tool generates?
  • What do you wish they did differently?
  • Why would you recommend this platform?

Although not all vendors require an annual contract, many do. Once you’ve selected a vendor, be sure to get in writing a list of what technology and support are covered in the contract. Ask about what kinds of additional fees might come up.

  • Are there charges for custom integrations, if so, how much (and how long will the onboarding take)?
  • What is the hourly charge for engineering services, and is there a minimum?
  • What partner organizations are available to install and integrate the tool?
  • If you need to train a new hire midyear, what will that cost?
  • What is the “out” clause?
  • Are they open to a trial period with options to exit the contract?

Obtaining the answers upfront – and having them in writing – will ensure fewer surprises and fewer
costs down the road.

Enterprise SEO Platforms: A Marketer’s Guide

Our MarTech Intelligence Report examines the market for SEO platforms and the considerations involved in implementation. The 65-page report reviews the growing market for SEO platforms, plus the latest trends, opportunities and challenges.

Download your free report here: Enterprise SEO Platforms: A Marketer’s Guide (12th edition).

This report was prepared by conducting in-depth interviews with leading vendors and industry experts. Research took place in the first quarter of 2022. These, in addition to third-party research, form the basis for this report.

You can compare 15 leading enterprise SEO software vendors in the full report:

  • AgencyAnalytics
  • Ahrefs
  • Botify
  • BrightEdge
  • Conductor
  • Moz
  • Quattr
  • Searchmetrics
  • Semrush
  • seoClarity
  • SE Ranking
  • Serpstat
  • Siteimprove
  • Visably
  • WebCEO

The post How to choose an enterprise SEO platform appeared first on Search Engine Land.

Original source: https://searchengineland.com/enterprise-seo-platforms-388566

How Networking Can Help Business Owners Weather an Economic Downturn

Home Business Magazine Online

Unfortunately, it seems pretty clear that we are in ― or are about to enter — a recession. Though technical definitions of a recession vary, most experts agree that a recession results from a prolonged period of economic downturn. Technically, economists cannot really declare a recession until it is over, but the signs of recession are all around us. These signs include rising unemployment rates, decreased spending, and a contraction of the GDP. Therefore, whether we are in a recession or not, how should companies respond to a downturn? The first instinct is to buckle up, start cutting costs, cap the spending, and go into survival mode. While you should definitely prepare for any sales drought on the horizon, you should also look out for new opportunities that could be a lifeline to your business — by networking.

Identify your needs and look to your network. What do you need right now? Is it just the new clients? Is it someone to help you redefine your business model or restructure your business? Alternatively, is it an investor who can help you out with a bridge round? All these people may be a couple of phone calls or just a few clicks away.

I am certainly not suggesting that this is an easy task. However, if you do not ask, the answer will always be “no,” right? So start reaching out to your network. There may be someone there who will open up a door for you.

Networking Creates New Business Opportunities

As I have said, networking can be a catalyst for business development, financing, or even talent sourcing. A study conducted by Booth Business School at the University of Chicago found that 29% of founders claimed that they raised capital through networking, while 32% actively hired through their network. About 34% even tapped into their network for emotional support, which matters a great deal during tough times.

A great example of the power of networking is the acquisition of the marketing automation company, Eloqua, by Oracle for nearly $1 billion dollars. The determining factor behind the deal was the strong ties Eloqua’s co-founder, Paul Teshima, shared with Oracle. However, this was no ordinary acquisition. Eloqua was purchased for more than 200 percent of its estimated public market value for a $400 million-plus increase in shareholder net worth. All of this resulted from a little networking.

That said, it is important not to limit yourself to your existing network of contacts. A study from Northwestern University suggests that new opportunities and novel information flow in from your extended network. That could come in the form of new business opportunities, new staff, new investors, or even a merger opportunity. So make sure to ask for introductions to that “friend of a friend,” as you never know where it may lead.

Integrate Networking into Your Business Plan

Therefore, networking creates new channels and opportunities. This means it should really be a part of your business plan. With today’s wide range of networking tools — in particular, LinkedIn — the possibilities for utilizing your network are enormous.

Your sales are falling; can you access new verticals or market territories? You need to reduce debt; can you find new equity investors? You need to find a product manager with experience in logistics, to help you revamp your flagship product. Is there someone in your network to assist you in finding that person or to be that person?

Your business plan consists of business decisions that lead your business to its next step. Your network offers the channels to make informed business decisions, and in many instances, it helps execute them as well. For this reason, you must add networking to your daily routine.

Integrate Networking into Your Daily Routine

Make networking a habit by incorporating these three steps into your daily routine:

  1. Reach out to your contacts and ask for an introduction to contacts that you have not yet met.
  2. Find the contacts that matter the most and keep in touch with them. Comment on an update they shared. Invite them for coffee. Share an insight they might be interested in. The little things matter more than you think.
  3. Give back. Make sure that your relationship with these contacts is not one-sided. Offer your help even if you do not need anything in return. Such acts of kindness can build trust and reciprocity in professional relationships.

Final Words

There is no need to be hesitant about reaching out. In the words of London Business School’s, John Dore, “Consider how you’ve responded to a suddenly revived contact from the past? Perhaps it is a former colleague or an alumni contact from university.” Chances are, it was a very gratifying experience for you. You have every reason to believe that your contact will greet you the same way.

Your network is a world of opportunities waiting for you to capitalize on them. Start now.

The post How Networking Can Help Business Owners Weather an Economic Downturn appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/marketing/networking/networking-help-business-owners-weather-economic-downturn/

Four Risks and Impacts of Poor Regulatory Change Compliance

Home Business Magazine Online

Every industry — from financial to pharmaceuticial — needs to follow certain regulations in order to operate safely and efficiently. As those regulations change, the companies must adapt to those changes. This is to not only remain in compliance, but to also ensure they are operating legally. Poor regulatory change compliance can have a number of risks and impacts for organizations. These can include financial penalties, reputational damage, and operational disruptions. Poor compliance can also lead to increased regulatory scrutiny and more trouble obtaining licenses or permits. In some cases, it may even result in criminal charges, business loss, and the compromising of sensitive customer data (financial, identity, etc). Here are four risks and impacts of poor regulatory change compliance to watch out for at your business.

Data Security Issues

As the world becomes increasingly digitized, data security issues related to poor regulatory change compliance are becoming more and more common. This is especially true for companies that deal with sensitive information, such as financial institutions. Data breaches can be incredibly costly in terms of the financial toll they take on a company. In addition, they can also damage a company’s reputation irreparably.

In order to protect both their bottom lines and their reputations, companies need to ensure they are complying with the relevant regulations for their industry. When data breaches occur — sometimes through not following regulations and other times through hackers — companies have to follow several mitigation procedures. They need to stop the data loss, identify where the problem occurred, get a forensic team involved, and fix any vulnerabilities. The process of updating, monitoring, and enforcing regulations is similar. If you do not follow the proper data security regulations, you could be putting your customers’ data at risk. This could be quite costly down the road (and might result in some legal trouble).

Legal Problems

Speaking of legal problems, they can be big issues related to not keeping up with compliance measures. Legal trouble is not something you want to find your business dealing with at any time. So, why would you risk it by now following up with, implementing, and enforcing regulatory changes? A company that does not adapt to new regulations will likely find itself at a disadvantage. Poor enforcement of regulatory changes can result in hefty fine as well as legal problems. Statistics show that the cost of legal issues related to non-compliance can be significant. Costs and damages can go up into the millions of dollars, so companies need to be proactive about regulatory change compliance so they do not fall into any legal quagmires.

Business and Reputation Loss

No business wants to deal with reputation issues. A poor reputation at your business can be bad for anyone. It can negatively affect the bottom line, deter customers from coming in, and cause problems with getting partners in the future. It can also cause regulators to take notice and result in compliance issues. Not only is a bad reputation damaging to the company’s brand, but it makes it difficult to recruit and retain top talent as well. Recovering from a poor reputation is a lot of hard work and can be accomplished with the right processes. Not conforming to regulatory change compliance can put customer data in danger. Alternatively, it can cause legal issues that might lead to reputation loss. Avoid this by staying up to date with your regulatory compliance, enforcing changes, and addressing changes in real time.

Fees and Fines

Businesses that do not meet their obligations when a change occurs can face stiff penalties and finds. Imagine a price change occurred or there is a change in terms for a user agreement that involves customer data. If the customer is not informed of these changes, then the company is not complying with regulations.

This can open up the table to lawsuits, fees, and fines associated with non-compliance. According to the National Consumer Law Center, fines and fees related to not complying with regulatory change or enforcing it properly at your organization can cost consumers millions of dollars each year. That is not just bad for your customers. It is bad for business. In addition to fines, businesses might be obligated to pay for the cost of compliance, training employees, and implementing new procedures.

Keeping Up with Regulatory Change

A good regulatory change management system should be agile, efficient, and effective. In order for your company to stay on top of these changes, you need to be able to track them, implement them, and audit them. Otherwise, you are just going to be creating more work in the long run. Moreover, you will be running into some of the issues we have discussed in this article. Using a blend of artificial intelligence based regulatory change management software solutions and employees who are willing to take on the arduous task of monitoring and enforcement, you will be able to stay on top of regulatory changes as they happen and avoid any pitfalls over time.

The post Four Risks and Impacts of Poor Regulatory Change Compliance appeared first on Home Business Magazine.

Original source: https://homebusinessmag.com/management/legalese/four-risks-impacts-poor-regulatory-change-compliance/

Claim your free National Trust ticket now!

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Fancy getting your hands of a free National Trust ticket?

Autumn is upon us. Glorious shades of orange, brown and yellow grace our gorgeous country and the leaves are falling. Although it is beautiful, it can feel gloomy at times, especially when it feels like the news is one bad story after another. 

But fear not. As always, at MoneyMagpie, we are constantly on the search for fun, free things to do. This time, we have found a real gem for you. 

You can currently get free entry to National Trust sites across England, Wales and Northern Ireland. For a limited time, you can nab a free ticket, which allows entry to a huge number of historical and interesting sites for you and the family. 

The best part? The ticket allows for up to two adults and four children to enter a National Trust site for free. Yes, you read that correctly. You can get free entry for six people. Adults, of course, are those aged 18 years and over, and children count as those aged between five and 17 years old. Those under the age of five get free entry to National Trust properties anyway. 

Make sure you double check the website of the property you are going to in advance, as some of them require you to book prior to the date of your visit. If you do not book for certain properties, you may not be guaranteed entry. 

There are also some exclusions, and some National Trust venues are not included in the promotion. You can see all the exclusions here. Make sure to double-check the list prior to arriving to avoid having to pay for a ticket! 

family in the woods

You can get your free ticket now and use it anytime up to 30th November 2022. So, you can get your freebie now and use it over the October half term with the kids, or spend an autumnal day out with your loved ones to add some fun to the gloom of November. 

Tickets are limited, however. The offer will continue on until the number of allocated tickets have been claimed, or until 30th November whichever is sooner. Get your ticket here. 

The tickets are valid Monday to Sunday, so you can enjoy your visit any day of the week. The pass can also be used within any of the advertised opening hours for the property you want to visit. However, some sites may have parking charges, which you will still need to pay. The ticket covers entry to the site only. 

The tickets are not valid at external National Trust events where an additional entry fee is required, and the tickets are not valid in conjunction with any other offer. You can read the full T&Cs here. 

So, whether you fancy Castle Ward, a unique 18th-century mansion in Downpatrick, County Down or want to roam freely in an ancient royal hunting forest such as Hatfield Forest in Essex, there is bound to be something for everyone to enjoy. 

The post Claim your free National Trust ticket now! appeared first on MoneyMagpie.

Original source: https://www.moneymagpie.com/make-money/claim-your-free-national-trust-ticket-now

How to Enhance Educational Finances During a Gap Year

Reading Time: 4 mins

Taking a year off or two before going for higher studies is common, and it was even before the COVID-19 pandemic crisis. It allows college-bound students to determine what they want to do in their lives and how to make headway in the process. 

 

In addition to gaining real-world experience, a gap year can be opted to make money. Not every student is born with a silver spoon in their mouth — this goes without saying. While it may sound exaggerated, many must take their blood, sweat, and tears just to get a degree. 

 

It’s not necessary to save up all educational expenses before going to college. However, you must also consider that your time is running out. A year will do. And fret not! There are several lawful money-making schemes you can do during your gap year. Check them out here. 

Vlog your Travel

If you’re fed up with being cooped up due to social distancing, enjoy life, get a real-life education, and see what’s on the other side of the world. Rest assured, every country has been developing an extensive range of COVID-19 protocols to cover the new normal. 

 

Of course, traveling comes with a lot of costs. The good news is that there are many ways to make money out of it, such as selling great photos of the scenery online or teaching English to the local non-English speakers. 

 

Another way is through vlogging. For instance, the highest-paid female YouTuber last year, 2021, is just seven years old! She raised $28 million from making kid-related videos, such as learning to tell time and decorating Halloween cupcakes. With vlogging, you’re making money and preserving your precious memories. 

 

Use Your Talents

Although you’re not born wealthy, you might be one of the many gifted people with talents. You can monetize your skills. For example, if you’re good at playing musical instruments, you can market this and make money. 

 

The same goes for language abilities, dancing, and crafting arts. You’d probably see people teaching languages online, training people to dance (for health and entertainment), busking on the roads, and customizing paintings for passersby or foreign visitors. All of them enjoy what they’re doing while earning money. 

 

Be An Au Pair

Let’s say you don’t have specific skills (or you just don’t realize them yet). But you have a soft spot for kids or are into housekeeping. Then, take this chance to be an au pair. It’s referred to any young foreign person, typically unmarried and young (18-30 years old), who aids with child care or housework in exchange for a place to stay abroad. 

 

There are a lot of online platforms that market people who want to be au pairs. Travel enthusiasts especially do this. Imagine getting free lodging in a foreign country (maybe free food)! The best part is the house owner may also pay you. What’s more, you can also earn from vlogging your au pair experience! 

 

Many companies have the same setup for au pairs, as well. They offer programs in exchange for room and boarding, but some privately run programs may not offer you compensation. Still, your experience with them can be a strong point in your cover letters for another work application or college admissions essays.

 

Give Online Selling a Go

E-commerce has been dominating the market nowadays. It simplified the point of buying and selling. An online store runs 24/7 and doesn’t require a physical presence, which improves the span of selling time and eventually improves sales. 

 

Take advantage of online selling while it’s on-trend. You might encounter a lot of new and cool stuff during your gap year, so why not share it with everyone? You can cut a deal with a manufacturer or co-seller, buy in bulk, and run a business on Amazon, Alipay, eBay, JD, and other e-commerce websites. 

 

If you don’t have a budget yet, you may opt for a small installment loan as a financial source, such as CreditNinja easy installment loans. Personal loans don’t usually require collateral, but their interest can be a bit higher. That’s why it’s recommended to finish paying it off as soon as possible. It can be a financial risk if you don’t know how to manage well. Research first before committing. 

 

Learn, Know Yourself, then Get a Scholarship

If you think you’ll just squander your whole gap year on traveling, working, or running a business, consider indulging in formal programs that can aid you in determining your personal, academic, or career goals.

 

Some organizations offer service-oriented work for gap year students, and after they have completed their commitment, they can be eligible for a scholarship worth up to $6000. However, you must pledge 10-11 months for this volunteer work. 

 

Final Thoughts 

There are other ways to catch up with your college finances during a gap year, which aren’t mentioned here. You can always ask people online or talk to friends about how to deal with this. Whatever your socio-economic status is, there will always be a solution. Don’t lose hope, and keep chasing your dreams!

DisclaimerMoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence 

The post How to Enhance Educational Finances During a Gap Year appeared first on MoneyMagpie.

Original source: https://www.moneymagpie.com/make-money/how-to-enhance-educational-finances-during-a-gap-year

TikTok releases Photo Mode and 7 new editing tools

TikTok has just announced Photo Mode, as well as seven new editing tools for creators. Let’s take a look.

What’s new. The seven new editing features are now available in the US and most regions globally. These tools allow creators to adjust their clips right in the TikTok platform.

  • Edit clips: Stack, trim, and split video clips
  • Edit sounds: Cut, trim, and set the duration for sounds
  • Edit and position text: More easily edit, position, and set the duration for text
  • Add overlays: Add photo and video overlays for picture-in-picture (or video-in-video) stacking
  • Adjust video speed: Speed or slow the pace of video clips
  • Frame content: Rotate or zoom in and out of frame of individual clips
  • Add sound effects. Add musical soundtracks to videos and photo carousels
Application Software

Photo Mode. If you prefer to post a photo instead of a video, the carousel format will display your still images one right after another. You can also add a musical soundtrack. Viewers to your carousel posts can swipe at their own pace.

Bytedance

Expanded character descriptions. Last month we announced that TikTok was now allowing longer descriptions of up to 2,000 characters. These are now available for both video and Photo Mode content. This allows for both SEO optimization as well as allowing creators to expand their captions to include more information about their content.

Dig deeper. You can read the announcement from TikTok here.

Why we care. Instagram’s plans to double down on Reels had some creators and influencers pretty upset that the Meta platform was trying to be too much like TikTok. So it’s no surprise that TikTok is clapping back in its fight to woo the competition with longer descriptions and a new Photo Mode that looks, well, familiar.

Creators and users may soon be choosing which platform to keep and which one to ditch as the two are starting to look almost identical. Marketers and brands should take advantage of the new tools and features, utilizing both platforms to reach their target markets.

The post TikTok releases Photo Mode and 7 new editing tools appeared first on Search Engine Land.

Original source: https://searchengineland.com/tiktok-releases-photo-mode-and-7-new-editing-tools-388576

2 new Google Display & Video 360 audience solutions

Google just announced two new updates regarding first-party data and machine learning with Display and Video 360. The two new updates are optimized targeting and Exchange Provided Identifier, also known as EPID.

Optimized targeting

Optimized targeting helps advertisers expand their reach across relevant audiences and increase ROI by finding new and relevant customers likely to convert within their campaign goals. Campaign settings, such as manually-selected audiences including first-party data and Google audiences, influence the machine learning algorithm. Optimized targeting then uses machine learning to expand reach across other relevant groups without relying on third-party cookies.

Optimized targeting reaches the people who are most likely to drive impressions, clicks, or conversions as they are defined and customized by the advertiser.

Early testing. Early tests found that advertisers who used optimized targeting saw a 25% improvement in their campaign objectives when using Google audiences and typically see a 55% improvement when using first-party data.

Launch and availability. Optimized targeting is currently available for YouTube Video Action campaigns and will expand to all display and video campaigns in the coming months. When they are launched, new eligible display and video campaigns will be opted in and will have an option to opt-out.


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EPIDs

EPIDs provide Display & Video 360 with new signals which will be used to automatically future-proof frequency management tools. In the future, EPIDs will be powering a variety of other marketing use cases in Display & Video 360 with no action required by advertisers.

Expanding on PPIDs. EPIDs expand on PPIDs, which are Publisher Provided Identifiers that became available to use last year. PPIDs allow publishers to send Google Ad Manager a first-party identifier for marketing use cases. The update makes EPIDs available to more exchanges, publishers, or vendors looking to share their first-party identifiers with Display & Video 360’s backend to improve the quality of programmatic ads served on their respective properties.

Launch and availability. EPIDs will be used to inform Display & Video 360 users’ frequency management solutions “in the coming months.”

This will ensure brands can continue avoiding ad repetition while maximizing reach efficiency even when third-party cookies go away. Advertisers won’t have to make any changes in their account since EPIDs will be organically embedded in Display & Video’s technology. Brands and agencies will automatically benefit from EPID when setting frequency goals.

In the near future, EPID will be used as a signal for building Google audience segments in Display & Video 360. This will give advertisers a chance to deliver more personalized ads on publishers’ sites for which EPIDs are received. Down the line, EPID will also help brands unlock other core advertising functionalities, like cross-device reach on a domain by domain basis, and invalid traffic prevention in a privacy-safe way.

Why we care. If you’re a publisher, these changes will allow you to reach more audiences, deliver relevant ads, and ensure that everyone’s information and privacy are kept intact. These programmatic options are steps in the direction of a cookieless future while still allowing you to serve successful programmatic ad campaigns.

The post 2 new Google Display & Video 360 audience solutions appeared first on Search Engine Land.

Original source: https://searchengineland.com/2-new-google-display-video-360-audience-solutions-388582