There is an impending cost-of-living crisis in the UK, brought on by a potent combination of rising inflation, stagnating wages, and rising energy, food, and transportation expenses, which will cause misery for millions of people. For many, this will cause massive financial hardship, and things will have to change if the country is to prevent tipping over the edge into a financial abyss.
Although small businesses can’t do everything, there are some things they can do to mitigate the impact the cost-of-living crisis will have on their workers. Of course, this includes fair wages, but it also incorporates a range of tech that can be of assistance. Read on to find out more.
Use smart technology to rapidly educate your workforce. You can assist your team and help them to serve your clients better, as well as help them grow professionally by using creative technology beyond traditional project management and task coordination solutions.
Put your company ahead of the competition by adopting innovative technology that will train your team as they work. There are software programs that can score a customer call, offer advice on what to say and do next, and even help to close a sale. By offering your team training on this – and other – innovative tech, you can ensure you are ahead of the curve and bring in more sales than your competitors, thus helping your workers earn more.
A webinar could be the ideal way to attract more customers and turn leads into actual sales. Rather than your sales team having to talk to many people individually, which takes time and effort and offers a lower ROI, they can speak directly to dozens, even hundreds, of people at once through a powerful and well-conceived webinar.
This will cut down on how much it will cost your business to make a sale since it will take only one webinar to reach many prospects, rather than a dozen phone calls, emails, or even face-to-face meetings. Again, when you can utilise this tech in the right way, your profits will rise, and your team can benefit through commission or bonuses, depending on your business structure.
Many companies have found that switching to an all-in-one collaboration tool has saved them significant sums of money by reducing their reliance on many communication tools. You’ll be able to devote more time and energy to other crucial aspects of your business when you use just one tool.
These days, the concept of teamwork is more widely discussed than ever before. Tools for effective communication and teamwork are essential to the achievement of any business goal, but the nature of this cooperation will be understood in various ways depending on the nature of the business. You might, for example, want to use these tools to allow your team to be more flexible, perhaps working from home or with an eye on deliverables rather than strictly sticking to focusing on hours worked. In either case, collaboration tools can offer this flexibility that helps workers save money by staying at home and brings in more profits overall.