
Frequently Used Finance Acronyms And What They Mean - ExpenseIn Blog
The financial sector is jam-packed with acronyms and abbreviations. Here is a list of 25 frequently used finance acronyms and what they mean in alphabetical order.
– This article was last updated on 19 July 2021-
If you have ever worked at a company where the employees are unhappy, you know how impactful low morale can be on both productivity and the bottom line. Staff do the minimum work they can get away with, they often call in sick. Tweeting, sloppy work too many cups of tea are all symptoms of unhappiness in the workplace. Just installing a ping-pong table may not be sufficient to boost happiness and staff morale, but there are other ways of keeping everyone more engaged with and passionate about their job:
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Courses, even if not directly job-relevant, show your staff that you are interested in their development, and that you want them to grow as people, not just as employees. Allow ample time for training, and promote inter-departmental interaction.
Studies show that telecommuting and flexible hours have a huge impact on staff morale, specifically, amongst the millennial generation, who may even reject job offers without them. Studies also show that having the option to telecommute increases an overall sense of wellbeing and happiness.
Have a company party, activity or anything that allows employees to interact in a more relaxed environment. This can increase comradery and creates tighter bonds between staff. This is especially true if the company has several departments with little interaction in-between. A more familiar feeling in the workplace makes most people happier – and motivated.
Some tasks will always feel more like a chore than a stimulating and engaging assignment. Automate repetitive tasks, remove unnecessary paperwork and provide the tools that make the job more enjoyable. It can be anything from buying new and faster equipment to expense management software for simplifying expense reporting.
Let your employees contribute. Sometimes tension can be released with some whinging, and sometimes there may even be some constructive feedback and insight available.
A happy workforce that feels important and relevant is one that is productive, efficient and great at problem-solving.