Managers know that happy employees are more creative and productive and less likely to quit. Happy employees show up to work, are less likely to leave, attract others to join the team, and go above and beyond their job requirements. Moreover, they’re not sprinters; they’re more like marathon runners, in it for the long haul. But besides giving out raises to everyone, how can you keep employees satisfied? Experts say it’s not just about contentment (complacency) but more about thriving. Thriving employees have the energy to be enthusiastic and productive but also know how to avoid burnout. Managers can implement four strategies to help promote a thriving culture and employee engagement at the workplace.
By Rob Marriott
Social shopping is more popular than ever. Within the past year, we see that most of the world has spent more time on social media and making online purchases. The expected projections predict to see growth to $604 billion by 2027 in the US. If your business wants to grow in the e-commerce market, this is a great opportunity. In-store traffic is still slow in many places, which allows for new sales channels to emerge. Social media shopping is booming, and these platforms are creating new ways for users to buy directly from the post, rather than leaving the platform to buy in a website. Almost 40% of consumers report they’re more comfortable with digital technology than before the lockdown. The majority of e-commerce shoppers are between the ages of 25 to 34.
Most of us have at least one social media account, while others have many. Whether you use LinkedIn, Facebook, Twitter, Instagram, Snapchat, TikTok, or more, you have probably started to see opportunities for purchasing a product or service through these platforms. By the end of 2021, there will be more than 3 billion social media users, which equates to about half of the world population. Some of us use social media to post pictures of vacations, connect with friends, waste time, or play games. And interestingly, more and more people are using social media to make purchases. A new report put the global market for social commerce at $89.4 billion this year and says it will reach $604.5 billion by 2027. In the US, the social commerce market is estimated at US$26.9 Billion in the year 2020
By Kevin Batchelor, CTO of Nexio
Let’s say you have this really sweet business model where you have accumulated 500 customers that spend $100 a month on a subscription or auto-ship package of goods or services. Not all of those transactions get approved, so perhaps you get $35,000 a month. That’s $35,000 a month that you count on to run your business. You probably use that money for operating expenses like payroll, inventory, maintenance, office expenses, and more.
Merchants need payment solutions for the ever-changing regulations in the payment processing industry. Typical payment processing lacks the added tools that savvy merchants need to manage their growth. After seeing clients struggle with these problems, Nexio was created to bring the industry’s best resources together into one platform.
Consumer behavior has changed due to the COVID-19 pandemic. Nearly 50% of global shoppers are using digital payments more than before the pandemic, and the majority plan to continue after the virus is contained. In the report, Global Online Payment Methods 2020 and COVID-19’s Impact, close to 75% of the respondents found that contactless payments were a cleaner way to pay.
Nexio uses multiple strategies to prevent fraud, keep customers’ private information secure, and provide a safe checkout method. Check out how this process works for back-office software on this webpage: https://nexiohub.com/howitworks/
Most consumers are familiar with the idea of subscription payments. Perhaps you have your own experiences where you have a pest control service that bills you quarterly. Or you pay a monthly fee for your gym membership. Maybe you visit the chiropractor and have a payment plan set up that bills you.