“We have seen the world change at an unprecedented pace, and the stability in our world is not the same. Technology and multi-industry disruptions are impacting company leaders and business models more today than perhaps any time in our history.
We are in desperate need of courageous company leaders willing to make decisions for today’s challenges and of course managers in the wings to succession as well.
Those that are agile, innovative, hire differently, train differently, promote differently and up-skill those with successful attributes will be in a high demand.” – Bert Miller, President & CEO, MRINetwork
Remote, a start-up that helps firms employ people in different countries, has been valued by investors at $1 billion in a new $150 million funding round. The company’s HR platform — which competes with Denver-based Velocity Global and San Francisco’s Deel — allows businesses to onboard, pay and work with remote employees and contractors wherever they’re based.
Launched less than two years ago, Remote sets up local legal entities in countries and hires staff through these entities on behalf of its customers. So far, it has set up entities in 50 countries, but it’s hoping to have entities in 80 countries by the end of 2021 and the rest of the world by 2022.
Job van der Voort, CEO of Remote, says that the coronavirus pandemic has supercharged the company’s growth and made employees realize they don’t need to be in a physical office to do their job. “There’s now a mass awareness, a realization, that I don’t have to be in the office to do my work,” he said. “Employees who are forced to return to the office after the pandemic will look to join companies that have embraced remote working.”
Read the full story at Remote start-up that helps firms hire people globally is worth $1 billion | CNBC.com.
Almost half of the respondents, around 46.6%, believed that their own companies fell behind the industry average when it comes to utilising digital tools as part of business processes, according to a survey conducted by AIBP and Oracle from March to April. The survey counted 193 professionals, mainly from IT, innovation and business backgrounds in manufacturing and supply chain companies across the largest economies in Southeast Asia: Singapore, Indonesia, Malaysia, Thailand, Philippines & Vietnam.
The manufacturing industry plays a significant role in local economies of Southeast Asian countries, contributing more than 20% of Gross Domestic Products in markets like Singapore, Indonesia, Malaysia and Thailand. Recent US-China trade tensions have also increased expectations of how manufacturing can contribute to markets like Indonesia and Vietnam. Concurrently, local governments are focused on uplifting local manufacturing capabilities by implementing policies to encourage and support initiatives towards Industry 4.0.
The survey also found that 46.6% of respondents believed that the top priority of implementing digital solutions should be to drive operational efficiency in a bid to reduce costs, while 16.6% feel that it should be used to increase or create revenue opportunities.
Read the full story at Close to half of Manufacturing & Supply Chain Professionals in Southeast Asia Perceive their Companies to be Lagging the Industry in Digital Transformation | BusinessNewsAsia.com.
As reported in Business Blogs, Canada has produced a guide for mitigating the risks of spreading coronavirus for companies that want their staff in the office as opposed to remote-working at home. In this workplace guide, there are recommendations for health and safety procedures and controls to ensure the following is carried out regularly:
- Removal of hazards
- Daily health checks
- Sanitation supplies provided
- Social distancing
- COVID-19 communication
No company will get everything right the first time, observes the report, and there is no precedent to fall back on. Business owners and managers are experiencing unforeseen events in their business, and they are doing the best they can to keep the company afloat. Therefore tolerance is needed and also seeking assistance from trained professionals to lighten the load and improve how mistakes are remedied with the least discomfort to all parties concerned.
Read the full story at Employee Health And Safety At Work During And Post-Pandemic | businessblogshub.com.