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7 Things You Can Do to Set Your Remote Teams Up for Success

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7 Things You Can Do to Set Your Remote Teams Up for Success

After more than two years, the early days of the pandemic may seem distant in your rearview mirror. The chaos you felt as a manager during those initial weeks of leading remote teams probably feels like a fuzzy memory. Handling offsite workers is likely old hat by now. You’re still responsible for helping your team succeed, though. 

Fortunately, there are many strategies available that can help you reach that goal. If you want your remote team to reach its full potential, consider the tools and tactics discussed below. You may be pleasantly surprised by how efficient and productive they can be. Keep reading to learn more about the role you can play.

1. Make Sure Payroll Is Rock Solid

No matter how engaging your company culture is, your employees work to get paid. And when your workforce is remote — perhaps even global — a reliable paycheck may be the tightest link they have to your organization. To earn the loyalty and productivity of your far-flung team members, you’ll need to ensure they get paid correctly and on time. And that means every time.

If your company’s shift to remote work includes international team members, you’ll want to partner with an expert in global payroll services. Working with a global payroll service provider can be particularly important if you’re new to international business. International employment regulations can be complex, and these experts will help you stay in compliance. They can also handle payroll processing and make sure you’re providing competitive compensation for all your employees.

2. Outline Clear Expectations

It’s no secret that employees work best when they fully understand their job responsibilities. This can be doubly important when you’re not seeing your team in the office every day. Making sure they have that clarity falls on your shoulders. It’s a good idea to address working procedures, communication rules, project guidelines, and work hour requirements.

Be aware that you may have employees working in different time zones. If that’s the case, set their workday expectations accordingly. It’s also important to pass along any office policy updates in a timely manner. Your employees can’t play successfully by the rules if they don’t know what they are.

3. Prioritize Tasks

Sometimes it can be difficult for your remote employees to know which tasks to tackle first. If they have a lot on their plates, they can feel overwhelmed. Clearly indicating which tasks are most important can help them maintain their productivity.

When you’re outlining your project workflow, take the time to rank tasks based on whether they’re low or high priority. Mark the urgent or important ones in an obvious way. Those labels tell your employees what they should concentrate on first. It’s a great way to boost their focus and timeliness on a project.

4. Check In Every Day

Daily touchpoints with your employees can go a long way to making sure they’re staying on task. This doesn’t mean you need to be a helicopter manager, though. Keep in mind that employees frequently resent being micromanaged. So be sure the daily check-ins are targeted and short.

The good news is these touchpoints don’t need to be face-to-face. Most project management software tools offer a chat feature. A quick message can be enough to keep you and your team members aware of progress and deadlines.

The more your remote employees know about what’s being accomplished every day, the better. It can help them keep track of their “to-do” lists and improve their time management. Fewer tasks are likely to fall by the wayside and be forgotten. Overall, teams that are held accountable are often more productive and efficient.

5. Provide Collaboration Tools

Unless you only have one remote employee, you’ll need the right tech to help your team work together for maximum success. That’s where collaboration tools come in — they facilitate communication, task management, and file sharing. When using these tools, give all the appropriate team members access to shared company documents.

There are plenty of team collaboration tools available. Explore your options to find the one that best suits your team’s needs. The key is to make sure everyone is using the same one. If team members must share files or work on tasks together, they need to work on the same platform.

6. Encourage Socialization

During the early days of the pandemic, did your office schedule video happy hours? They may have felt a bit silly at first. That online office socialization is important, though. As a manager, you can use it to foster better working relationships between your team members.

Sure, some events can be a little more work-related. Consider holding a lunch-and-learn where team members can find out about important industry trends. Don’t overlook the need for pure fun, though. Plan a virtual party or two and give your employees time to connect over non-work topics. As your team members become more familiar with each other, you’ll likely see productivity increase.

7. Plan Mental Health Days

Sometimes it doesn’t matter how highly skilled your team is. If they’re burned out or overly stressed, productivity will take a nosedive. In fact, the World Health Organization determined that depression and anxiety lead to $1trillion in annual lost productivity worldwide.

There’s a silver lining, though. Contributing to employee mental health pays big dividends. For every dollar invested in mental health, many companies see a fourfold improvement in productivity. So if you want to see your team’s success skyrocket, schedule some mental health days.

Don’t assume your remote workers have the best work-life balance. Many at-home employees work longer hours than office staff. You can free up some time by adjusting deadlines and shifting responsibilities when it makes sense to do so. Then encourage your teams to step away from their desk for the day and indulge in some self-care.

Over the past two years, companies have learned that remote work — at least in some form — is here to stay. That means it’s vital for you, as a manager, to take steps that support your team’s pursuit of success. If you keep these tips in mind, you’re more likely to see your group grow into a well-oiled WFH machine.

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Ultimate Guide To The Forex Signals

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Ultimate Guide To The Forex Signals

Foreign exchange signals are real-time alerts to potential trade opportunities based on an analysis of market trends. Both new and experienced traders can benefit from using trading signals. The majority of forex signals will specify a position type (buy or sell) and a take financial gains and stop loss level. Trading signals for currency pairs, commodity markets, indices, and cryptocurrencies are available through FX Leaders. Here’s an overview of forex signals by Traders Union. Let’s get on it.

Types of Forex Signals

Before getting started, you should have a definite idea about forex signals.

  • Manual and Automated Forex Signals

To put it simply, automated forex signals are produced by a computer, while manual signals are produced by a human, typically an experienced trader. However, automated forex signals are produced by software that evaluates the price action in the market based on predetermined algorithms.

  • Free and Paid Forex Signals

Some providers offer forex signals for free for a limited time or forever, while others charge for their services.

  • Algorithmic Forex Signals

A lot of forex traders rely on signals from trading robotic arms or Expert Advisors (EAs). An EA is a program or a set of guidelines that automatically execute trades based on predetermined conditions. The development and distribution of EAs is a commodity open to anyone with access to the necessary tools. Explore what the MT4 platform for automated trading has to offer.

  • Entry and Exit Forex Signals

Some signal providers only issue “entry signals,” or signals for initiating a trade. While others only signal when a trader should get out of a position.

How to Pick the Best Forex Signals?

Users must be aware of the most crucial indicators when making a provider choice. So, Traders Union have pointed out some major things for you.

  • Fees 

When it comes to forex trading, it is preferable to pay a greater fee for reliable signals rather than opt for a cheaper option that ends up bringing in more losers than winners. Nonetheless, the service provider should provide sufficient worth for the cost. For example, pricing for 3-5 daily signals ranges from $80 to $100 per month.

  • Reputation and Trust 

The promises made by many best forex signal providers are often overstated. This is typically in reference to their claimed win percentage throughout their existence. There is a common lack of integrity in the claims being made by forex signals sites. As a result, investigating the provider’s standing is step one in finding reliable forex signals. Start with online review websites like TrustPilot or message boards. The primary goal is to get a feel for the provider’s reputation from people who have used them.

  • Number of Signals 

Before committing to a plan, customers should find how many forex signals they will obtain per month. For example, the premium plan at Learn2Trade includes four to five daily forex signals.

  • Time Zone  

Determine the time zone in which the forex signals supplier is active. After all, if a user in the United States is connected to a service provider based in Asia, it’s possible that communications will take place in the middle of the night. However, to accommodate clients from all over the world, the best forex signals suppliers are open around the clock.

  • Moneyback Guarantee 

Members of a forex signal supplier can put the service through its paces with the help of a money-back guarantee, which functions essentially as a free trial. A money-back guarantee allows the member to cancel the strategy within a specified number of days; however, the user is still responsible for paying the monthly fee. This will result in a complete reimbursement of your purchase price.

  • Win Rate 

How many signals generate a positive ROI is quantified by a percentage called the win rate. For example, if the success rate is 75%, 750 out of each 1,000 signals will be profitable. A high percentage of victories is desirable, but this must be backed up by hard evidence.

How to Trade Forex Signals?

Forex signals will be utilized differently by each trader. However, we have determined four universal guidelines that every trader should follow:

  • Choose a Currency Pair
  • Determine Your Point of Entry
  • Implement a Stop-Loss Order
  • Input Required to Realize a Gain
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