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Retaining Talent Through Sustaining Momentum: Tech’s Starring Role in The Great Resignation

tech

Retaining Talent Through Sustaining Momentum: Tech’s Starring Role in The Great Resignation

We’re in the middle of a major shift in the workforce.

The pandemic caused a massive change from shared office space to remote work. As people spent time at home—and as they faced a multitude of intense stressors and even direct loss—they reevaluated what’s important when it comes to their careers.

Because of this, we’ve seen four million people quit their jobs in July 2021, and a record-breaking 10.9 million jobs remain open. You may have also seen the troubling statistic that up to 95% of the workforce is considering leaving their current company right now.

Companies looking to recruit and retain high performers are smart to take action in light of this Great Resignation. However, the answers may not be found in hefty signing bonuses or hasty returns to in-office collaboration.

The key is to lean even harder into the technology that has gotten us through this pandemic.

The pandemic as an unfortunate but powerful catalyst

The COVID-19 pandemic dramatically changed business as usual, and companies had to become virtual, digital-centric, and agile faster than they could have imagined.

According to a global survey of executives conducted by McKinsey, companies took an average of only 11 days to move to remote working–40 times faster than they thought possible. Companies also adopted digital technologies for advancements in operations and decision-making 25 times faster than expected.

The pandemic disruption removed (sometimes artificial) barriers to adopting new technology and made it imperative that companies keep investing in technology to sustain, grow, and thrive.

Now let’s take it a step further: If we can leverage technology to get our businesses through a global pandemic, we can absolutely do the same to keep our people happy and engaged.

Here’s how.

1. Dig into the tools you already have

Businesses jumped into collaboration tools out of necessity over the pandemic with a very practical goal of keeping operations running remotely. With that hurdle cleared, it’s time we refocus our efforts from pure functionality to connection, culture, and engagement.

My team, for example, has been using Slack for nearly all of our internal communication and collaboration since 2017. Back then, our primary goal was to lessen email fatigue (which 38% of office workers say is likely to make them quit their jobs).

Once the pandemic hit, we needed that platform to do some heavier lifting for us. Some changes we’ve made include:

-Creating new forums (channels) for conversation around everything from the pandemic itself, to how we can best deliver value to our clients remotely, to social injustice and unlearning bias.

-Adding new integrations including more practical HR tools that “show” who is out when you can’t physically see your team, and fun tools like the Donut bot that randomly pairs employees up and facilitates conversations.

-Learning and taking advantage of the package’s ongoing developments, like the “huddle” feature and direct messaging with outside organizations.

-Doubling down on using our few mandatory channels for clear communication on changing policies, amplifying team achievements, and—perhaps most importantly—soliciting feedback.

Of course, keep in mind that simply providing tools is never enough; you have to also provide your team with the training to take proper advantage of them, and the safety and opportunity to do so. This is a place where active involvement (and modeling) from your leadership team can make a big difference.

2. Evaluate your tech through the lens of individual experience and equity

When it comes to engagement, 42% of employees say their peers have the greatest influence. We have also (fortunately) entered the stage where employees will not stand for what they perceive to be unfair treatment.

It’s incumbent on employers, then, to zero in on how employees experience their work on a day-to-day basis and whether they feel connected to their team and heard as an individual.

Take a run-of-the-mill department meeting, for instance. Say your new hybrid configuration has half the department in your office and half at home. Do the remote workers have equivalent means to participate in the meeting itself? In the more casual chit-chat that takes place before and after?  Can they clearly hear who is speaking and when they can interject? Can they read and add to notes being taken? Do they have the same opportunity to execute on any follow-up items?

Unbalanced interactions like this are subtle, but over time will erode connection and leave certain teammates feeling alienated. Identify places where you may be unintentionally creating rifts, and use that pandemic-inspired tech confidence to fix them. Some common areas for improvement are:

-A better conference room setup with barrier-breaking tools like the Vibe whiteboard and the Poly Studio soundbar/camera.

-A better home office setup with external cameras and speakerphones as needed, a stipend for better internet bandwidth, extra monitors, and so forth.

-Standardizing on a document co-authoring solution like SharePoint or Google Docs.

-Training your managers to opt for the most inclusive meeting and collaboration formats over what is most convenient.

Any new tools you add will require—you guessed it—training!

3. Make sure your digital presence reflects your priorities

My final point is one of visibility. If your company is making these great strides to do right by your team, do them and your business a favor by giving talented job seekers enough insight to want to join you.

Questions to consider are:

-Does our online presence (website, social media) show—not tell—our commitment to our people?

-Do our online employee reviews paint an accurate picture?

-Do our job descriptions capture our values in a way that an outsider would grasp? Are we explicit about remote work policy and benefits?

-Does our hiring process mirror our culture? Does it blend the responsiveness of automation with empathy?

Part of this involves the thoughtful use of specific technology tools. We, for example, have had great success with Bamboo HR to digitize, secure, streamline, and humanize our hiring and onboarding processes.

But a lot of this is the evolution of taking our office-bound corporate cultures digital. First and foremost we make sure all employees, regardless of location, are connected and bought into our culture. Then we take it externally and let all the talent out there know what we’re bringing to the table.

And the more we can get our current employees to tell our story online, the better—not only do most candidates inherently trust individuals over brands, but this also reinforces engagement with those employees.

Final thoughts

It’s true that the Great Resignation and the current labor shortage won’t last forever; people who want to change jobs or careers right now will make those shifts, and eventually the waves will settle.

The question is which organizations will come out on the other side with their high-performing employees intact, and with some new star players (whose previous employers weren’t savvy enough to keep them) on board.

If you want it to be yours, keep the momentum going. Technological competence and creative use of the right tools at the right time will empower your team to forge strong connections no matter where they’re physically located.

There are few competitive advantages as powerful as that.

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Heinan Landa is the Founder and CEO of Optimal Networks, Inc., a Rockville, MD-based IT company that helps law firms and associations achieve measurable business results by way of thoughtful technology guidance and white-glove support. For three decades clients have turned to Optimal when they are spending too much time overseeing their IT team, are worried about the security of their data, or are concerned their technology isn’t providing the mobility or flexibility that their employees and clients expect. For more, www.optimalnetworks.com, 240-499-7900, or info@optimalnetworks.com.

cybersecurity

The Evolution of Cybersecurity

Last year we saw cybercriminals seizing a massive business opportunity.

Our rapid shift to working from home due to COVID-19, plus heightened financial, political, social, and emotional stressors presented a perfect storm:

-The consumer-grade routers and electronics we use at home are inherently less secure than the centrally managed commercial-grade devices at our offices. 

-Many home networks are already compromised. In April 2020, BitSight found that 45% of companies had malware originating from an employee’s home network.      

-Social engineering hacks like phishing, vishing, and smishing thrive when victims are preoccupied or fearful. 

Our organizations became very vulnerable very suddenly, and bad actors did not hesitate to cash in. In March alone scammers ramped up COVID-related phishing scams by 667%. Overall, the FBI’s Internet Cybercrime Complaint Center (IC3) saw a 400% increase in reported cyberattacks in 2020. 

While the events of last year presented a unique scenario for all of us, the swift and aggressive response from bad actors is indicative of a trend that will, unfortunately, persist: cybercriminals have organized themselves into a successful enterprise that continues to innovate and evolve for maximum profit.

And that profit is sizable: According to a March 2020 study by Atlas VPN, cybercriminals bring in over $1.5 trillion per year in revenue—more than Facebook, Walmart, Apple, Tesla, and Microsoft combined.

Why does it matter?

Our only option when it comes to mitigating (not eliminating) the risk of a breach is to match ever-evolving threats with an ever-evolving security strategy.

Cyber defenses cannot be “set and forget” anymore; while antivirus software, firewalls, and active monitoring tools are essential components of that defense, they are no substitute for human vigilance. 

Not only that, but our concept of vigilance must recognize the potential for highly sophisticated cyber breaches that span weeks or even months. Instead of snatching valuable data in discrete intrusions, cybercriminals are siphoning it off via prolonged, methodical interactions with victims. One popular scam works like this: 

-The bad actor identifies who in your organization processes payments.

-They gain access to that person’s email account, generally through a standard phishing email.

-They monitor the email account over a period of time to identify high-dollar vendors.

-They craft a spoofed domain and impersonate that vendor (think accounting@optima1networks.com).

-The target receives an unassuming email from the “vendor” with instructions to remit future payments to a new account (guess whose).

-The target continues paying the fraudster until you or your vendor realizes the mistake.

These targeted exploits cost US victims roughly $1.7 billion in 2019, up 33% from 2018. 

Attacks like this harm your business in two ways: 

-Directly: In addition to funds stolen by a hacker, you may incur ransom payments, downtime while your data is recovered, and steep labor costs for emergency IT support. In the case of ransomware attacks, average downtime is 19 days, and costs to remediate average $730,000 for those who don’t pay the ransom, and $1.45MM for those who do.

-Indirectly: Your reputation takes a hit when news of a breach gets out (every state government requires some form of disclosure). Cybersecurity audits are becoming a popular precursor to business engagements and memberships, and 38% of businesses report losing customers because of real or perceived gaps in their cybersecurity posture.

While there will never be a silver bullet when it comes to cybersecurity, it’s imperative we adapt both our defenses and our mindset to best protect ourselves in this new landscape.

Our recommendations

More cybercriminals are entering the space, and they are more organized, disciplined, and persistent than ever. This means that our cybersecurity strategies must rise to meet this new challenge, and that what we used to view as “advanced” measures must now become our baseline.

At minimum, we recommend you implement the following:

1. Advanced Endpoint Protection on all machines accessing corporate data. Centralized anti-malware only checks for known virus definitions. Add Next Generation protection that uses Artificial Intelligence to flag all “unusual” behavior, and either kill the process or alert a Security Operations Center (SOC) to intervene.

2. Two-Factor Authentication (2FA). Strong passwords are no longer sufficient. Turn on two-factor authentication for any accounts and systems that don’t already have it. Check regularly to make sure all accounts are covered.  2FA makes it much harder for unauthorized users to gain access to your system even if they obtain your password.

3. Backup and recovery for all cloud apps. Most popular applications (like Microsoft 365) have some backup built-in, but in a limited capacity. Do you have sufficient retention policies? Would you be able to restore files encrypted or lost to malware? Protect your Microsoft 365 email, SharePoint, Teams, OneDrive, and other online apps with a supplemental cloud backup service.

4. Firewall with Intrusion Detection. An up-to-date firewall is a start, but we recommend also employing Intrusion Detection to monitor network traffic for potentially malicious behavior.

5. Security Awareness Training. In addition to annual training, continually feed your employees security tips, and continually test with phishing simulations. It is essential that security remains top-of-mind year-round.

There are several security frameworks like NIST, ISO, and CMMC that can provide structure to your security efforts even if you aren’t subject to compliance regulations. These can feel overwhelming to tackle, but the items above will get you well on your way to fulfilling the core requirements.

Beyond this, it’s critical to embrace the mindset that a network is only as secure as its users are vigilant and adaptive. The sophistication and sheer volume of today’s cyber threats demand that:

-Cybersecurity expenditures get their own line item in your annual budget.

-Your cybersecurity posture needs annual review as new threats are emerging all the time. 

Most importantly, you need a resource who is qualified to assess your specific business needs and construct a solution that coordinates the technical and human components of your cyber defense.

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Heinan Landa is the Founder and CEO of Optimal Networks, Inc., a globally ranked IT services firm, the creator of Law Firm Anywhere, a virtual desktop solution that helps attorneys work seamlessly and securely from anywhere, and author of The Modern Law Firm: How to Thrive in an Era of Rapid Technological Change. After earning his B.S. and M.S. in Electrical Engineering and Computer Science from Johns Hopkins University, Heinan went on to receive his MBA from The Wharton School of Business. Featured in Legal Management, Legal Times, Chief Executive, Inc. Magazine, Forbes, CIO, and with regular appearances on ABC7, CBS9, and FOX5 TV, Heinan is a trusted leader in the legal, technology, and business spaces. For more, www.optimalnetworks.com, 240-499-7900, or hlanda@optimalnetworks.com.

remote work

COVID-19, Remote Work, and Technology: Was 2020 just a blip?

How did 2020 reshape your business?

While some organizations were better prepared for a shift to working from home, only 14% of businesses worldwide had fully remote workforces prior to the pandemic.

This means that, at some level, 86% of us had to make sudden, rapid changes to adjust to an entirely remote way of operating, communicating, and leading.

As Microsoft’s CEO Satya Nadella put it last April: “We’ve seen two years’ worth of digital transformation in two months. From remote teamwork and learning to sales and customer service, to critical cloud infrastructure and security—we are working alongside customers every day to help them adapt and stay open for business in a world of remote everything.”

Now that vaccines are beginning to roll out and the prospect of returning to our offices becomes more tangible, the next question we face is this: Which elements of 2020 will stick, and which will we discard as soon as it’s safe to do so?

COVID-19 ushered in 6 primary changes to the way we work

The most obvious change to our work environments is that we made a quick shift to remote work—with varying levels of disruption and success. If we zoom in a bit closer, we can pull out six major changes:

1 – We embraced collaboration tools.

Microsoft Teams has seen a 160% increase in users from March to October, Slack sold for $27.7 billion, and Gartner predicts the worldwide market for social collaboration tools to reach $4.8 billion by 2023. While these tools were plenty popular pre-pandemic, many businesses found themselves without a way to communicate with a fully remote team and quickly implemented one package or another (or, in some cases, multiple packages).

2 – Live document coauthoring finally got our attention.

With “old school” collaboration methods off the table, we finally jumped head-first into tools that many of us already had access to, but weren’t really using—namely Microsoft SharePoint and Google Drive. Instead of emailing documents back and forth or trying to whiteboard over Zoom, we posted links in our new Slack or Teams channels and edited our project simultaneously.

3 – Video conferencing exploded.

Between Zoom (up to 300 million daily participants), Teams (up to 115 million daily users), and Google Meet (up to 100 million daily participants), we were on so many video calls last year. In fact, we spent so much time using these tools that “Zoom fatigue” became a thing we say in real life. The market for these tools is expected to hit $50 billion by 2026.

4 – Virtual events… happened.

All of our networking, fundraising, recruiting, team building, and client appreciation events went virtual. We tried webinars virtual conferences, virtual happy hours, virtual magic shows, and on and on and on. These, from anecdotal evidence, were better than nothing, but generally hit or miss.

5 – We stopped caring so much about where employees and new hires live.

If we’re all working from home, “home” can be anywhere. With 70% of company owners open to letting their employees work remotely after offices can safely reopen, we open the door to hiring the best talent regardless of their geographic location. There are a few hurdles to clear when it comes to expanding your company’s footprint (taxes and healthcare, for example), but we’ve quashed all concerns about effective remote work.

6 – We took less time off and burned out more.

Lastly, the combination of working from home and diving into applications that generate notifications 24/7 has further blurred the lines between “work” and “home.” A recent Monster survey found that 69% of workers are feeling burnout, 59% are (still) taking less time off than they normally would, and 42% don’t plan to take any time off.

So, which of these trends should we expect to stay for the long haul? Which will go? Here’s my take.

Trends that will stick through 2021 and beyond

When it comes to practices that boost efficiency and expand access to something as invaluable as top talent, few businesses will scrap them.

We’ll stick with video conferencing. In the first few months post-vaccine, many of us will have been so starved for in-person meetings that we’ll schedule as many as we can. Over time, however, I suspect we’ll find a happy medium and balance video conferencing with face-to-face meetings—perhaps opting to make new connections in person and maintain them over video. This balance will be of particular value to those of us in metropolitan areas, where one hour-long meeting chews up half a day with traffic!

Document collaboration won’t budge. Once your teammates (and your clients!) have gotten a taste of how much more efficient real-time collaboration is, there will be no going back. It won’t be a matter of whether we keep this solution, but how we bolster it with the right policies and security measures.

Slack and Teams won’t either. We’ll see a new trend of businesses getting smarter with how they use Slack and Teams—and in cases where employees jumped into multiple platforms as a stop-gap, there will (should!) be some consolidation. But overall, we won’t be turning down the tools that have such power to amplify productivity and engagement.

We’ll expand our recruiting efforts. As long as a particular role does not explicitly require feet on the ground at or our office or at client sites, most of us will be much more willing to let go of geographic restrictions on our job postings in an effort to find the absolute best fit.

Trends most businesses will abandon post-vaccine

In other cases, our businesses will be happy to revert back to traditional approaches:

We won’t ditch our offices (at least not yet). Few of us are going to follow in Twitter’s footsteps and go all virtual all the time; we have years left on our leases, and will get our money’s worth once we can do so safely. When that lease is set to expire we’ll have a big decision to make as far as remote work is concerned. Even then, the majority of larger businesses plan to perhaps downsize, but ultimately keep a brick-and-mortar office as we still see value in the happenstance interactions and energy generated by working together in person.

Goodbye, virtual happy hours! To the business community’s credit, we have been getting extremely creative with virtual events that are fun and engaging. But once we can opt for an in-person happy hour versus a virtual happy hour, or a live lunch-and-learn versus a webinar… the choice becomes a no-brainer.

Hello, vacations! Finally—and thankfully—we’ll resume traveling and being more protective of our time “off the clock” once our options open up. This will be a welcome chance for our folks to step back from the many hardships that we’ve faced over the past year, rest, and reenergize.

Final thought

While these are my predictions on how these trends will fare over time, now is the time to crystalize the vision of what the future of your business looks like. Work with your leadership team sooner rather than later to address the following:

1. What is your stance on remote work post-vaccine, and how will you communicate that to your team?

2. How will you make sure you’re getting the most out of your collaboration tools?

3. What is your policy on file sharing, and does it take backup and security into proper account?

4. What guidelines will you set for video conferencing as communication, sales, and engagement tool?

5. Will you change your approach to networking, events, and celebrations?

6. Will you set geographic limitations on your hiring efforts?

7. What message do you need to send regarding after-hours and weekend work? Vacation?

We’re fortunate to be in a place where we can see the light at the end of the tunnel with regard to the pandemic. But even if we abandon some of our COVID-era trends in favor of more “normal” alternatives, the impact of 2020 on our businesses will not be undone.

We embraced new tools. We found new efficiencies. We know remote work works.

Why go backwards?