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virtual workplace culture - Complete Controller

Digital transformation and the implementation of virtual technology is a hot topic for many enterprises. This topic is more than just the introduction of new technologies for the workplace. It is often necessary to follow it to remain competitive in a rapidly changing world. The transition to a virtual workplace is an essential step for a modern business to succeed in the business world. Check out America's Best Bookkeepers

There is new research on how companies can move from the traditional environment in the office to a virtual workplace, which enhances business processes, the main objective of digital transformation. About 62% of respondents expect that in the next two years in their organizations will be introduced to such new technologies as virtual consultants and assistants. Also, 58% of respondents expect active investments in technologies to develop and improve virtual consultants in the next couple of years to build a productive organizational culture.

Bookkeeping keeps the company’s records by introducing and implementing virtual technologies and the development of the virtual workplace. Check out America's Best Bookkeepers

The point is that today’s digital enterprise no longer consists of executives and managers. Employees of the organization work together during projects and interact with customers and partners. Virtual employees do not exist in the physical sense but play an essential role in the organization. Although artificial intelligence is still in its infancy, it is advanced enough to create virtual assistants in banking industries. Other than that, the execution can be different: visualized, like bots, built into specific applications. Virtual assistants use artificial intelligence mechanisms and machine learning technologies at the virtual workplace to search, prepare, and generate answers to basic questions. The organizational culture is directly linked to virtual technologies because modern organizations use advanced technologies and work virtually.

According to a poll, about 30% believe that they have advanced in their digital transformation initiatives and are already reaping the fruits. While others are still at the planning stage of the transition. 45% of respondents said that customer satisfaction grew as a result of the use of digital workstation technologies. One of the reasons why companies can abandon digital transformation is their organizational culture. Frequently used technologies and corporate culture hamper, rather than encourage, a change of approach to work organization. The organizational culture can be developed effectively by the introduction and implementation of the virtual workplace. Check out America's Best Bookkeepers

Nevertheless, the most critical obstacle to introducing a new style of work respondents was the complexity of the enterprise’s IT infrastructure, in the second place – the obstacles to the organizational plan.

During the survey, IT managers identified several key technologies contributing to the implementation of the digital workplace strategy: mobile technologies, BYOD, virtual office, and the virtual workplace. Mobile technologies are used by customers and companies everywhere, so the digitalization plan requires widespread use of mobile applications and services. BYOD promotes employees’ freedom to choose their working tools (computers, laptops, mobile equipment), integrating them with the corporate IT infrastructure. The development of communications, video communication, teamwork allows employees to be in touch, effectively participate in the overall work, being physically in different places.

And how do you proceed to a digital enterprise? What technologies do you use, and what do you notice improvements?

The answer to these questions can is through the advanced technologies in the company, which will mainly comprise virtual technologies. The workplace should emphasize the virtual workplace and its role in the development of organizational culture attention.

Check out America's Best Bookkeepers About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual bookkeeping, providing service to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks™️ file, critical financial documents, and back-office tools in an efficient and secure environment. Complete Controller’s team of certified US-based accounting professionals provide bookkeeping, record storage, performance reporting, and controller services including training, cash-flow management, budgeting and forecasting, process and controls advisement, and bill-pay. With flat-rate service plans, Complete Controller is the most cost-effective expert accounting solution for business, family-office, trusts, and households of any size or complexity. Check out America's Best Bookkeepers

a team of multinational people discussing business in glass meeting room.
Organizational culture outlines the way that an organization’s employees intermingle with each other and the way they complete their tasks. Organizational culture revolves around beliefs, symbols, values, and rituals that oversee and rule the working style of employees present within a company.

Corporate culture is binding the workforce together. It also gives a direction for the corporation.

If changes are occurring in an organization, the biggest challenge any business will face is cultural change since the employees have become accustomed to the way the organization is already carrying things out.

Why is Company Culture Important and Why Does it Matter?

Company culture is an important aspect for any business. Employees are much more likely to love and relish their time in that workplace when they find themselves fitting in with the corporation’s culture. Employees will also be inclined to enjoy doing their work when they see that their values and needs are consistent with others in the workplace. They tend to grow and improve their relationships with their coworkers, which tends to make them even more productive.

Then again, if an employee works in a company where they just don’t seem to fit in and adjust to the company culture, they are more likely to get less pleasure from doing their work. Let us take an example of this scenario. If an employee prefers to work independently and freely, but happens to work for a corporation that stresses teamwork, that employee will be more likely to be less efficient and less happy.

If you happen to work at a corporation that has a customary management style, you will find your job responsibilities to be very clearly defined. There might not be as many opportunities to develop and advance without going through their transfer process or formal promotion. As compared to a more casual place of work, where employees will have more possibilites to take on fresh, new projects, along with additional roles.

How does Company Culture Affect a Working Environment and Employees?

 

  1. Impact on Employee Performance

Exactly how does the culture of a company impact individual performance? In order to deliver a competitive advantage, a company’s culture should be widely communicated and strongly reinforced. Each and every one of the employees must share its beliefs and values.

In an organization where the culture is strong, the employees feel valued. The staff enjoys the control they have over their jobs. They don’t feel powerless. Whether it is by working at home or selecting their own projects, employees who feel valued are able to make decisions that help achieve a much greater level of performance.

  1. Impact on Employee Satisfaction

A positive company culture is able to ensure that its employees are not only satisfied with their occupations, but also loyal to the company. This can be tremendously beneficial to a company who has a competitive hiring atmosphere. Employees are more interested in becoming a part of, as well as staying with, an organization where the company culture promotes employee development, offers flexibility, and supports a work-life balance.

By improving and working towards employee satisfaction with respect to a supportive and strong company culture, there can be a drastic decrease in recruiting, training, and hiring expenses. At the same time, it will improve the morale of employees and increase profits. 

  1. Impact on Employee Engagement

In companies that have good communication practices, employees know that their ideas and opinions will be welcomed. If employees feel that they have been heard, they do not carry a resentment, which eventually leads to negative morale, absenteeism, and termination. A company culture that is communicative will lead to innovation, greater participation, and creativity in the organization. Once an employee is hired, educated, and oriented to the organization, they either feel energized and supported or frustrated and undervalued. When employees feel that they are valued, they are more willing to be enthusiastic, involved, and engaged.

Check out America's Best Bookkeepers
About Complete Controller® – America’s Bookkeeping Experts Complete Controller is the Nation’s Leader in virtual accounting, providing services to businesses and households alike. Utilizing Complete Controller’s technology, clients gain access to a cloud-hosted desktop where their entire team and tax accountant may access the QuickBooks file and critical financial documents in an efficient and secure environment. Complete Controller’s team of  US based accounting professionals are certified QuickBooksTMProAdvisor’s providing bookkeeping and controller services including training, full or partial-service bookkeeping, cash-flow management, budgeting and forecasting, vendor and receivables management, process and controls advisement, and customized reporting. Offering flat rate pricing, Complete Controller is the most cost effective expert accounting solution for business, family office, trusts, and households of any size or complexity.