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John Seckel, Philadelphia, on Small Business Trends to Monitor in 2019

Small businesses in 2019 are making a rapid shift towards orienting themselves for better competition and better performance. Such businesses are implementing various measures in line with key trends that are expected to define 2019. Workplace changes and emphasis on employee wellness are among the key trends that small businesses are gradually adapting to. Here […]

Small businesses in 2019 are making a rapid shift towards orienting themselves for better competition and better performance. Such businesses are implementing various measures in line with key trends that are expected to define 2019. Workplace changes and emphasis on employee wellness are among the key trends that small businesses are gradually adapting to. Here are some additional trends to anticipate in 2019 for small businesses.

Employee Wellness

Small businesses are increasingly moving towards ensuring their employee wellness and benefits as a way of optimizing their performance and dedication to workplace obligations. Businesses are providing more medical benefits among other workplace wellness programs targeting improving on employee retention and satisfaction. This strategy is well designed to make employees more productive.

Remote Workers

Businesses are also adopting a major upcoming trend in 2019 where workers working from remote locations such as their homes are gradually replacing the traditional office requirements. This strategy proves to be highly effective, especially for tasks that can be remotely allocated and done through internet connectivity and networking.

Wearable Technologies

Small wearable technology and devices are proving crucial to the ability of small businesses to monitor critical particulars regarding their employees. Wearable gadgets, for instance, can help visualize the overall productivity of workers by measuring and assessing critical entities such as heart rate and blood pressure. This technology is particularly proving helpful in businesses that provide services such as medical and clinical services.

Transparency in Communication

Communication forms the backbone and pillar of the optimal operation of many small businesses. To enhance and personalize communication, small businesses are using mobile technology to ensure the integration of all employees in the business through mobile apps that are designed to ease communication.

Increased Competition for Labor

Competition for competent labor is expected to remain high in 2019 across all industries and sectors. Such competition is expected to push small businesses towards actively competing for the few available competent workers. In this competition, workers are expected to have an added advantage and bargaining power. Businesses will have to take extra measures to attract competent workers to themselves, including offering a better salary and remuneration.

These 5 trends define the key areas that will shape how businesses will be expected to operate in 2019. To compete successfully, the businesses will have to define their operations to ensure they are at a better competitive advantage.

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