Gold has always been the favorite investment of Indians, and this trend seems to be consistent over recent years. While gold can be purchased in different forms, like gold jewellery, gold bars, etc., people with an investment mind prefer to buy gold in the form of coins for various reasons.
The small-looking gold coins actually look elegant and sophisticated and are super easy to store. But are these enough reasons to invest in gold coins? Well, certainly not. Hence to make your research work easier, we’ve listed down some compelling reasons that are making many people buy gold coins this calendar year, and so should you. So let’s head straight to the reasons shared below.
- Gold Coins can Protect You from Inflation Risks
Inflation is one thing that can kill most of your investments or savings if you haven’t planned for it wisely. We have seen how savings in cash continue to lose their value over the years with the growing inflation rate, but the same is not the case with gold.
Those with gold savings had noticed an appreciable gain in gold price margin, even when other investments reached the risk of falling. Hence, if you’re someone who wants to invest wisely for the long term, you have to take gold coins seriously. It will undoubtedly be one investment you won’t regret making.
- Gold Coins are Easy to Store & Maintain
As mentioned initially, one can buy gold in various forms, like jewellery, bars, and coins. Of all these forms, gold coins are the easiest to store and maintain. Owing to the small size, gold coins don’t require a large space for storage. Just ensure you’re placing them in a secure and dry place away from sunlight.
These coins are also easy to maintain, as you don’t have to take them out periodically to clean them with mild solutions like you do with gold jewellery. You can store gold coins in a locker and keep them intact for years to come without worrying about anything. They will retain their shine, form, and aesthetics even with little to no maintenance.
- Gold Coins are an Excellent Gift Option
If you have a wedding coming up of your near and dear ones, you can consider gifting them gold coins. Since gold coins carry high value and come in the same standard shape and design, you don’t have to worry about the recipients liking the gift. To make it look special, you can ask the retailer whether customizations are possible or not.
Generally, you can get some initials etched on gold coins to make them stand out and truly personalized. Customization costs a little extra, but the results are well worth it. But if you want to proceed with customized gold coins, make sure you place your customization request days in advance of the main event because the entire process takes time.
- Gold Coins are Available in Different Price Range
It’s natural to not have a high budget for gold investment, but it shouldn’t be the only factor stopping you from investing in gold. The gold coins market is vast, and so is the range of options. If you have a limited budget, look for 22k gold coins instead of 24k options. Also, settle for lesser-weight coins, as the price of gold coins tends to increase with an increase in weight and size. You can easily find gold coins according to your budget; you just have to filter down options correctly.
- Easy to Buy, Store, & Sell
One of the really best parts of investing in gold coins is it is relatively easy to buy, store, and sell. You don’t have to entangle yourself in much paperwork while investing in gold coins. Once purchased, you can store them in even a tiny space and sell them off when you deem right by visiting the nearest gold retailer. If there is one investment that can give you good margins while protecting you against inflation, paperwork, etc., it is gold coins.
Now that you know why people are inclined toward gold coins make sure you get your hands on them at the earliest.
Umar Nisar was born and raised in the busy city of Abbottabad. As a journalist, Umar Nisar has contributed to many online publications including PAK Today and the Huffing Post. In regards to academics, Umar Nisar earned a degree in business from the Abbottabad UST, Havelian. Umar Nisar follows the money and covers all aspects of emerging tech here at The Hear Up.
Great Resignation: How to beat Great Resignation with Employee Experience
The world was forever changed in late 2019 when the Coronavirus made its appearance. Countries shut down. Streets were empty. Companies held as best they could or were forced to close their doors. Many would believe that such an event would lead to employees wanting to hold on to their jobs. Typically, large numbers of resignations signify a good economy and abundant availability of jobs allowing people to follow passions instead of necessity.
Post-COVID employee experience is much different.
For two years, and some a bit more, people were forced to spend time alone, realigning the importance of human interaction, well-being, and happiness. This drive for more personal fulfilment, satisfaction, and growth stemmed The Great Resignation.
No longer were employees basing staying with jobs out of need or comfortability. Now they look for work-homelife balance, greater satisfaction and better employee experiences, or they will leave. So how do companies face this? How do they increase employee retention and improve employee engagement?
The secret is in employee experience.
Holistic Employee Experience
There are, of course, no quick fixes for the Great Resignation, small wins can motivate and drive longer-term goals for your organization. The Great Resignation—and COVID by extension—taught many employees that life meant so much more. That the daily grind working in offices with long commutes, stress, lack of rest or relaxation, and the hustle of strenuous work weeks while normal was not conducive to happiness and mental well-being.
But this shift can be used as a blueprint for better employee experience!
Companies who work on being human-centric in ideals, strategies, and decision-making can improve greatly their chances of stemming mass exodus. Post-covid employee experience is now the new golden standard, and it looks at taking a more comprehensive and holistic view of experiences.
How can you be more holistic and how does it help?
- Think beyond probationary periods – Your employees are more important than the first 30, 60, or 90 days of employment, and yet many companies stop professional development and training after these dates. Normalize career growth, evaluations, employee 360 reports, and feedback loops to keep learning and advancement in the scope of your employees. While doing this, you’re also keeping your strategies and Key Performance Indicators—KPIs—fresh as you go.
- Communication is key – Talk to your employees about what they need, want, desire, and what their ambitions may be. Learn your people like you want them to learn your company. With transparent and open communication, you are engaging with your employees and creating an environment of consistency, openness, and inclusion—aspects employees’ desire.
- Employee-centric Corporate Culture – It may seem like the best idea is to center your company culture around the company’s values, vision, and strategies, but this is only half the battle. Integrating employee experience into the fabric of company culture ensures the company is as focused on their employees’ happiness as their own. It creates a bond to grow engagement, which has an effect on employee satisfaction and experience. As these rates increase, so to can employee retention numbers and customer experiences.
- Life and work-balance Erasure – Should your employees have to ask for more work-life balance? No, they shouldn’t. When built directly into work environments or expectations, it becomes something standard instead of something to be sought after. Examples of this could be:
- Flex hours
- Unlimited PTO
- Work-from-home or hybrid offerings
- Expanded benefits to include mental health and free resources
- Altered work hour schedules
Rise of Human Experience
Human Experience is a viewpoint that blends aspects of customer experience with employee experience, important in a post-COVID world. Instead of viewing them as separate entities entirely, companies can connect metrics and measurements of both to view a more comprehensive experience. Employees are customers—or potential ones—and as such, so too can customers become employees. With this view, it refocuses employee experiences in direct answer to the needs stemming The Great Resignation.
Ways you can use CX strategies within EX:
- Employee Journey Mapping – Like in customer experience, companies can work on mapping journeys for positions within the company overall, building in professional development and growth from the outset. They can then alter these journeys through personalization when an employee fills that role.
- Monitoring metrics – connect goals, milestones, and trajectories with metric directly linked to KPIs. Think employee net promoter score (eNPS), employee experience (EX), employee satisfaction (ESAT), and employee engagement (EE), for example, as they can correlate with operational success as well as customer success with your organization.
- View of employees – view your employees with the importance you view your customers. You cannot survive without either, and just as you court customer loyalty for more profitable relationships, so to can employee relations boost revenue, growth, and expansion.
Remote and Hybrid Work
One of the lasting effects of COVID was the desire to work from home or have the flexibility to. According to Gallup, nearly half of full-time working Americans—45%—are still working remotely. White collar workers have even higher percentage, coming in at 70%. After the shutdown, many leaders were surprised to find employees still wanted to work remotely. The Pandemic exposed an internal need for conducive work environments and flexibility.
The office and all it entailed wasn’t as attractive as some leadership believed.
It was agile leadership who switched to maintaining remote or hybrid options who won out against competitors. Record job openings only further highlight how living is more important, and work can no longer be focused on only paying bills. Organizations who shift better with their employees retain talent better.
Remote work is not the only fix, but it does show how views of work’s place have vastly changed.
Act on Meaningful Feedback
Closing the loop between you and your employees is more important than ever before. Simply hearing them is not enough. Active, empathetic listening pair with actions on a consistent basis is the wining combination. Employees not only want to know they are heard but that their input is valued.
Regularly checking in with your employees, and not only attaching it to their performance, creates a culture of partnership.
Ways to gain meaningful feedback to inspire data-driven action:
- Employee 360 Review [LN1] [SP2] – not to be confused with an employee evaluation, the 360-degree review is a way for all employees to gain feedback from peers, subordinates, and managers to assist employee self-evaluation.
- Pulse checks – a powerful anonymous survey tool. Pulse checks are in between annual reviews and keep the feedback coming for HR initiatives, but it can also inform business strategies that are employee-focused as well.
- Surveys – From satisfaction to engagement, the best thing you can do is ask your employees. Working from assumptions can lead you down costly mistakes. By asking directly you can get their true opinions—think of using anonymity to influence candid responses.
The biggest takeaway from this is: employee experiences is an important part of operational success. The evolution of its importance and what it means cannot be discounted. Doing so can led to higher employee turnover rates and you won’t retain your best talent. As employee experience continues to change, the forward-thinking companies with innovative leadership will make it to the top.
[LN1]Would it be okay to tag our template here?
Yes, we can [SP2]
Khalil ur Rehman is a proud born and raised in Abbottabad. Khalil has worked as a journalist for nearly a decade having contributed to several large publications including the Yahoo News and The Verge. As a journalist for The Hear Up, Khalil covers climate and science news. [email protected]