Pet-Friendly Workplace: The Benefits and Pitfalls

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Pets are a person’s best friend and an important part of people’s lives—67% of American households, or about 85 million families, own a pet of some kind, whether it’s feathery, furry, or has scales. Besides offering a pet insurance benefit, being in a pet-friendly workplace can improve team morale and company culture, along with other benefits.

What is a pet-friendly workplace?


A pet-friendly workplace means pets are allowed to join your employees at the office. Pet-friendly workplaces usually have policies to include dogs or cats only. Regardless of whether your workplace is pet-friendly or not, some employees may require a service animal. A service animal is defined as an animal individually trained to do work or perform tasks for people with disabilities. Service animals are seen as providing a “reasonable accommodation” to your employees and is compliant with the ADA.

What are the benefits of a pet-friendly workplace?

  • Reduces stress: Studies show pets help lower cortisol (a stress hormone), lower blood pressure, increase feelings and improve overall job satisfaction. Dogs and cats are cute, cuddly, and fluffy, so it only makes sense that having them around would be a mood booster.
  • Boosts office morale and promotes productivity: An office with happy, stress-free employees increases productivity. While it might be distracting to have an office full of dogs and cats, the benefits of being able to take short breaks to pet your dog or cat are worth it.
  • Improves workplace communication: Poor communication between employees blocks productivity. Pets help create bonds and connections between employees and facilitate conversation, which are great for enhancing communication.
  • Improves work-life balance: Employees’ pets get socialized with other pets, and instead of your employees paying for expensive pet sitters or worrying about leaving their pets at home, they can bring their pets to work and lavish them with affection—a win-win for everyone.
  • Improves employee retention and company loyalty: Because pets help improve work-life balance, employees will have fewer stress issues and fewer health issues, leading to higher job satisfaction and fewer work-related absences.
  • Makes your workplace appear more attractive to prospective employees: When your workplace is pet-friendly, it is an incentive that might encourage like-minded employees to apply for positions at your business. 

What are the pitfalls of a pet-friendly workplace?

  • Compliance considerations: You will need to understand your local and industry rules and regulations when it comes to a pet-friendly workplace. Also, you will want to have insurance coverage before launching your pet-friendly workplace program to cover issues like:
    • Pets damaging something at your workplace
    • Pets being injured from something at your workplace
    • Pets potentially hurting other employees/pets
    • Pets potentially hurting visitors to your workplace
  • Potential source of distraction: Yes, pets are cute. But they can have the potential to be a little too distracting to employees that need to focus on work.
  • Potential tension: If you allow pets to roam around freely, there’s the potential of causing tension in employee relations if someone’s pet bothers another employee or pet.
  • Allergies and phobias: Some employees may have allergies to pet dander, which will lead you to have to install a new HVAC system at your workplace to filter this dander. Some employees may also have phobias of dogs or cats, and in this instance, pet-free zones will need to be established.
  • Cleanliness issues: Pets can, and do, have accidents. It’s unavoidable. Pet-friendly cleaning supplies and poop bags need to be made available to employees to clean up after their pets.

Make pet-friendly workplaces work for all employees

Even with the pitfalls, the benefits of a pet-friendly workplace will make a happy and healthy working environment for all. Create a policy that protects your workplace and enables safe, work-appropriate pet fun. Carefully review both the benefits and the pitfalls, and talk to your leadership board, advisors, and legal counsel for help in implementing your pet-friendly workplace.

 

Content provided by Q4iNetwork and partners

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Message Over Madness

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We’ve all heard the term “cleanliness is next to godliness” at some point in our lives. Its wisdom has followed us from our teenage bedrooms to our homes and our offices. Nothing says focus like a well-organized desk or ‘delicious meal’ like a sparkling kitchen.

There’s a reason this sentiment is so powerful. Science tells us that disorder makes it difficult for our brains to focus on a task and that cleanliness in one’s home is directly related to stress levels and mental wellbeing.

So, what does this have to do with your business? Consider how often people interact with your company. Now think about how often they come across your website, your sell sheet, or through our office doors. Every time they do that, they interact with your brand, messaging, and organizational personality.

Now think about your value proposition. Can you concisely tell someone what you do? In less than three sentences? How about just one sentence?

Getting back on message

It may come as a surprise, but many business owners struggle to explain to other people what they do. This is often because business leaders think of their organization as a series of reasons, actions, and results, each as important as the next. While this may be true when defining everything a business does, it can become extremely messy when trying to communicate your value to someone else.

This leads to misleading, messy, misaligned messaging (excuse the alliteration). The triple Ms can result in:

  • Website pages with way too much information, overwhelming visitors
  • Sell sheets that confuse instead of educating
  • Sales conversations that lead to headaches
  • Employees who struggle to stay aligned with organizational goals

Begin by asking the question: when people visit your website, how quickly will they be able to tell what you do? How easily will they be able to identify if your solution is right for them?

Our daily lives are filled with clutter, no matter how clean our home is. We have junk mail to sort through, advertisements interrupting our shows, traffic to navigate, and unnecessary meetings to get through. When it comes to finding solutions to our problems, we don’t have a ton of extra space in our brain to give to finding that solution.

The bottom line?

People won’t stick around to try and sus through your confusing website. They’ll leave for an easier one to understand. And they’ll make the decision in less than 20 seconds.

Every business offers a solution, whether you’re selling sweaters or software, which means that every business, everywhere, needs a clear value proposition. The clearer the value proposition, the more effective your messaging efforts will be. And the clearer your messaging, the easier it is to attract and retain customers and even employees.

A great value proposition should:

  • be easily remembered by every one of your employees,
  • be written in less than three sentences, and
  • be clear to any layperson who comes across it.

If you’re looking for some inspiration, check out these three books that can help you write a value proposition and clarify your message:

  1. Building a Story Brand by Donald Miller
  2. Start with Why by Simon Sinek
  3. Influence: The Psychology of Persuasion

A clear value proposition isn’t just good for your messaging. It’s good for your clients, prospects, and even your employees. The clarity it provides sifts down through every conversation, interaction, and decision made around your business. It creates trust and dependability, and it removes friction. If you’re truly interested in helping your organization remove the clutter, start by developing a powerful value proposition.

 

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Pet Insurance – A Pet Owner's Best Friend

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Animal healthcare costs are rising, with $31.4 billion spent on veterinary visits and care in 2020. Because of this, pet owners tend to go into credit card debt and miss a payment on bills to pay for their pet’s care. In fact, a survey of 1,000 pet owners found that 45% of pet owners spend the same amount, or more, on their pet’s healthcare than they do on their own. 

If your employees have pets, chances are they consider them to be well-loved and beloved family members. Pet insurance may be a benefit you want to offer to your employees.

What is pet insurance, and what does it cover?

Pet insurance pays—in part or total—for veterinary treatment of a person’s ill or injured pet. It covers things like:

  • General wellness exams
  • Booster shots and vaccinations
  • Flea prevention
  • Medical costs for emergency care
  • Chronic conditions (e.g., arthritis)
  • Acute illnesses (e.g., allergic reactions)
  • Acute injuries (e.g., a bone fracture)

What is the main benefit of pet insurance?

Having pet insurance ensures that cost will be less of a factor when it comes to providing pets the best possible care. With the average veterinary visit being between $50 to $400 on average, and the average emergency vet visit costing between $800 to $1500, employees will not have to choose between paying a bill or going into debt to give their pet the care they need.

What are the other benefits of pet insurance?

1. Delivers peace of mind

Not having pet insurance can make employees who own pets more stressed if they don’t know how to pay for their pet’s care, either preventatively or during an emergency. By offering this benefit, employees may be less stressed by this financial burden—and when employees are less stressed, they are more healthy, focused, and productive. Also, research shows owning a pet helps soothe anxiety and reduce blood pressure.

2.  Encourages employees to own pets

Pets are a significant emotional investment and a significant financial investment as well—pets require not only health care but also:

  • Food and treats
  • Dishes for their meals
  • Collars and leashes (for dogs and/or cats)
  • Grooming and nail trimming
  • Over the counter medications
  • Items for mental stimulation (e.g., toys)

For your employees who don’t have a pet but are considering purchasing or adopting one, a pet insurance benefit makes the choice of buying or adopting a pet easier since employees know their pets’ health needs will be a bit easier to manage.

3. Demonstrates to employees that you care

There are pet-friendly hotels, apartments, and restaurants, and by offering pet insurance, you send the message to your employees that your workplace, in this regard, is pet-friendly. You also demonstrate and support the idea that pets are important family members and deserve to be loved and taken care of. That is a genuine, loving, and caring message, which can also positively impact hiring and retention.

Pet insurance—protection for a pet’s wellbeing

By offering pet insurance, you will create a positive relationship with your employees, and they, in turn, will know that their pets can get the best care possible. If you are interested in providing this supplemental benefit to your employees and want to learn more about how it works, talk to a trusted consultant or advisor.

 

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Lead Your Team Through Four Stages of Team Development

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Sometimes leading a small, growing company is like working as a rollercoaster attendant. You are constantly watching the twists and turns and the ups and downs. Through all this turbulence and volatility – and motion sickness – you will see teams make or break it, and people come and go faster than business cards can be printed.

 

Turnover and change make it difficult to form cohesive teams that are able to perform effectively. What if there was a model of team development that could help you lead a team to achieve, grow, face challenges, tackle problems, find solutions, and deliver results?

 

Apply the Forming – Storming – Norming – Performing model of team development and give your team a path to follow on their way to high-performance.

 

After applying, enjoy the benefits of identifying and understanding why team behavior changes so you can maximize team processes and productivity.

 

Forming

 

When teams form, people come together with excitement and positive expectations for the team experience. You will see people on their best behavior while they seek out similar people with shared needs.

 

At the same time, members may feel anxiety, confusion, and ambiguity since they are a group of strangers with little agreement or team purpose. They may question their “fit” in the team or if their performance will measure up.

 

Everyone at one point in their life experiences this excitement and anxiety when forming a new team, making it critical for the leader to provide guidance and direction. Use this time to guide the team to create clear structures, goals, direction, and roles so members begin to build trust and confidence.

 

Storming

 

Conflict and friction are inevitable when relationship styles, work ethics, and communication patterns arise and clash. For example, people may challenge each other for power or clash over team processes.

 

Lead your team to persevere through this phase because it can make or break a team! Lead your team through storming and learn the skills necessary to push through. If this phase is skipped, the group will keep revisiting until the skills are gained, such as task-related skills, group process, and conflict management skills.

 

Fortunately, storming is not always “glass half empty.” A little friction can be good. For example, conflict can reveal issues to solve innovatively and collaboratively and spur thought-provoking and challenging conversations. This respectful disagreement can increase a team’s open-mindedness and consideration of others’ thoughts and ideas. 

 

Norming

 

If you are norming, you will most likely notice team members solving personal clashes between their expectations and the reality of the team’s experience. But the storm passing over does not mean your work is over yet.

 

Encourage your team to set more flexible and inclusive norms and expectations, making the team stronger and more comfortable voicing their concerns and exchanging constructive criticism.

 

Once team members have established these norms and ground rules, they can re-focus on the team’s tasks as they persevere in becoming a high-performance team.

 

Finally, the team is performing!

 

You will know when your team reaches the performing stage when everyone feels satisfied with their team’s progress and comes together to be “greater than the sum of its parts.” They will share insights into personal and group processes and have a visible “can do” attitude. Roles will become more fluid as members take on various responsibilities as needed, and differences among the members are celebrated and used to enhance the team’s performance. For example, people will balance each other’s strengths and weaknesses.

 

Do not stop there, though. Team commitment and competence are strong, but there is always more opportunity to deepen individual skills and abilities, including continuously improving team development.

 

Celebrate

 

You cannot switch on teamwork. It takes time and team building for a team to move from strangers to collaborative co-workers. The progression through these phases is essential in ensuring that a group becomes a cohesive, functional unit. 

 

Imagine the positive impact it will make on your company. You can lead your team to perform optimally and manage crises, and you can foster an inclusive and equitable environment that celebrates difference, collaboration, and accountability.

 

 

Content provided by Q4iNetwork and partners

 

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Three Books to Help You Build a Powerful Business

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As a business owner, you most likely have a lot of expertise, experience, and vision that you rely on each day to build, develop, and grow your business. But no one has all the answers. And in a quickly changing society, it’s critical to keep your mind open to new ideas, approaches, and strategies to stay relevant and successfully meet challenges. Below are three books that have made a serious impact and helped business owners and leaders re-imagine and reach new heights in the past decade.

 

Measure What Matters

By John Doerr

In this book, venture capitalist John Doerr breaks down a revolutionary tactic to business management through the practice of goal setting using Objectives and Key Results (OKRs). In the book, he illustrates the power of using Objectives (which define the goal), and Key Results (which define the actionable steps needed to achieve the goal), through a broad range of case studies, each with its own success story defined by the implementation of OKRs.

As you read this book, you’ll see how OKRs create clarity throughout an entire company, from entry-level workers to CEOs, and help leaders make the tough decisions necessary to enable growth. Whatever industry you fall under, Measure What Matters can help you create clarity within your organization and develop a sure path towards growth.

 

The CEO’s Guide to Restoring the American Dream

By Dave Chase

In his book, Dave Chase breaks down the misconception that controlling health benefits spending is out of employers’ hands by demonstrating how public and private employers have successfully reduced their spending. In the book, he challenges employers to re-think the reason behind offering employee benefits in the first place, shifting the groundwork, goals, and measurements of success in a way that illuminates the true value of employee benefits.

This book does a wonderful job of breaking down the facts, uncovering the reality behind the challenges the health insurance industry poses to employers, and explaining how real-life organizations have come out on top and been able to reduce their spending by 20% or more. He challenges employers to re-think their approach, uncovering how they hold themselves back while offering solutions and strategies to help them improve their situation. Any employer, CFO, CEO, or HR leader interested in getting the upper hand on their benefits spending would be wise to give this book a thorough read.

 

The Go-Giver

By Bob Burg and John David Mann

The Go-Giver is celebrated in the business world for upending the widely held belief that to succeed, you have to be selfish. Burg and Mann tell a story illustrating how, when you act in service to others, you build a relationship based on trust and gratitude. The book explores how these relationships have a value and strength that surpasses the fiber of relationships built on self-interest.

While this may seem obvious, it’s incredible how often professionals unintentionally steer themselves into relationships based on self-interest, undercutting their potential by depriving them of one of the most powerful resources: a network of relationships based in gratitude, respect, and service to one another. Their story offers thoughtful and provoking insights into how changing your philosophy around building relationships can enrich and enhance your personal life, career, and business.

Get to reading!

Although it can be challenging to find time in your day to read, it is well worth the effort. By opening your mind to new ideas that challenge your way of thinking, leading, and building relationships, you create a significant opportunity for you (and your business) to grow. Plus, now you don’t have to come up with your next book to read! We’ve done it for you. So pick one up, curl up in bed, or sip your morning coffee, and get to reading—or should we say growing!

 

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Disability Insurance: Just the Facts

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Insurance protects your employees and their families against any unexpected financial losses. Health insurance protects against unexpected health expenses, and life insurance gives your employees’ families financial security after an unexpected passing. But what about disability insurance? What is it, and why is it important to offer to your employees?

Here’s what you need to know about it.

What is disability insurance?

Disability insurance, also known as disability income insurance or income protection insurance, is a type of coverage that replaces a portion of your employees’ income if an injury or illness prevents them from working. Disability insurance:

  • Provides financial security for your employees and their loved ones
  • Gives funds to your employees to use for whatever they like

Is it the same thing as health insurance?

Not exactly. Disability insurance replaces a portion of an employee’s income lost due to not being able to work because of injuries or illnesses. In contrast, health insurance covers medical expenses that arise due to an injury or illness.

What does disability insurance cover?  

While people may think of major injuries as the only thing disability insurance covers, here are just a few of the things disability insurance might cover:

  • Arthritis
  • Back pain
  • Cancer
  • Depression
  • Diabetes
  • Heart disease

It doesn’t mean injuries like sprains and fractures aren’t disabling. What it does mean is the scope of injuries that can prevent people from earning an income is broad.

Why is disability insurance important?

A massive 68% of non-government workers carry no form of disability insurance. With this in mind, here is why disability insurance is essential to offer—and necessary for employees to have.

  • Injuries are all too common: The chance of missing months or years of work seems remote. But more than one in four 20-year-olds will experience a disability for 90 days or more before they reach 67, according to the Social Security Administration. Disability insurance covers those “what-if” or worst-case scenarios. 
  • Disability insurance covers risk: People tend to shrug off the risk because they think only about worst-case scenarios. But the leading causes of disability claims are:
     
    • Pregnancy
    • Cancer
    • Mental health issues
    • Musculoskeletal disorders affecting knees, back, and hips
    • Digestive disorders such as hernias and gastritis
    • Injuries including fractures, sprains, and muscle/ligament strains

Disability insurance covers the risk involved with being affected by injuries, situations, or illnesses.

  • It prepares employees for long-term challenges: It’s common to plan ahead and think about how far you can go without one or two paychecks. However, not enough people plan for possible long-term or future challenges. A study of consumer bankruptcy filings found that the primary reasons for bankruptcy involved illness or injury of themselves or a family member.

Also, workers’ compensation and Social Security do not cover most financial challenges:

Disability insurance gives employees an extra layer of protection to help prepare them and their families for any long-term challenges.

Consider offering disability insurance benefits

Absence of emergency savings and rising medical costs are a concern for many employees. Without added income protection, people may experience severe financial difficulty if they miss work due to injury or illness. Consider adding disability insurance benefits to your employee benefits package and be sure to talk to a trusted advisor to learn more.

 

Content provided by Q4iNetwork and partners

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The Truth About Reactive Management

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If you’re a business owner or manager of a team, you likely wear many different hats. Especially for small businesses, owners often find themselves going in different directions every day. If this sounds familiar, ask yourself when was the last time you were able to sit down and think ahead? What about actually plan ahead?

All too often, leaders get wrapped up in moment-to-moment tasks, allowing their time to get sucked down the drain of immediate crises. Working in a constantly reactive state can feel good, though. You may be thinking:

I’m a fast and efficient problem-solver!
I’m a doer. I get s**t done!
I don’t let problems bring me down—I face them head-on!

Yes. You probably are all those things. But when you spend 100% of your time being all those things, you miss out on time spent being a strategist, a planner, a thinker, and a visionary! How do you expect your business to grow if you can’t think farther ahead than the next problem brought to you?

Reacting to every little thing that comes across your path can make you feel like you’re getting a lot done. But while you’re focusing on what’s right in front of you, more significant problems will grow in the background, and you may not even notice them developing. And when they catch up to you, you won’t have the time or energy to manage them.

Rewiring your approach

Although reacting to urgent problems is part of every leader’s job, it’s critical they also make time to manage for the future, not just the current moment. Get a handle on your reactive managing style and start building a foundation for the future by:

1. Sharing responsibility

One of the major issues with reactionary managing is allowing unimportant but urgent tasks to eat up your time. Start practicing the art of delegation and hand off some of these tasks to your team. It can feel scary to delegate, but hopefully, you’ll soon find that your team is more than capable of answering phone calls and emails, calling that cranky client, or fixing a botched order. Save your time for issues that need your attention specifically—not just attention in general.

2. Re-imagining your schedule

If you’re wondering where you’re supposed to find the time to plan, look at your calendar and pinpoint areas that can be re-prioritized.

“But I don’t have the time!” isn’t an excuse.

Yes, you do have the time. You’ve just decided it’s better spent elsewhere. But is it? Really?

It’s a safe bet that you’ve got 30 minutes, or even an hour, every day you could re-allocate to a different activity. If you’re not sure where to start, try tracking your time throughout the week, detailing exactly how you spent each moment at work. Chances are, you’ll be unpleasantly surprised by how much time you ended up spending on unnecessary tasks that don’t require your energy.

Block out designated time on your calendar to spend looking at the big picture of your business. Allow yourself to identify those background problems that are much more easily dealt with before they grow, rather than after they’ve boiled over. Hold boundaries around this time. Tell your team you are unavailable during these blocked-out times and give them time to develop their independence with your newfound delegation.

Treat this time like it’s sacred—because it is! You need that time to make sure your company grows smoothly and efficiently.

3. Creating, refining, and implementing processes

A common issue among businesses that are run reactively is a lack of clear processes for employees to follow. If your management style is running around putting out fires, you probably haven’t had time to build an organized system for solving problems and dealing with spontaneous change.

Every leader, team, and organization will face roadblocks, speed bumps, and detours. But if you don’t have a map for your team to follow to their destination, the efficiency with which they’ll arrive at a solution will take a big hit.

It is time well spent to work out and document processes for your team to follow when issues arise. Proactively planning for potential challenges that your team may face will save you a lot of time and energy for when they do appear.

Be proactive

Being quick on your feet and always moving to the next shiny new challenge may be fun at times, but it’ll eventually burn you out and leave you with larger problems. If you want to grow your team or business in a sustainable direction, prioritize strategy and proactively plan for your future. It’s the only way to win.

 

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Three Financially Focused Benefits Your Employees Will Love

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In the last two years, employees across the country have had to adapt and adjust to a lot of challenges, many of which organizations had little to no control over. Employee burnout, stress, and wellbeing took major hits, putting more pressure on organizations to come up with solutions to help them face these challenges. According to the 2021 Employee Benefit Trends Study by Met Life, 86% of employees said finances are a top contributing factor to their stress now and into the future. While this may feel like an insurmountable problem for employers to take on, there are many solutions that can make a big impact for both the wellness of your employees and the health of your business.

1. Student Loan Repayment Programs

Today, 47 million Americans are carrying the burden of student loan debt. This year, student loan debt in America reached a staggering 1.7 trillion dollars. Despite the temporary loan forbearance the Biden Administration placed on federal student loan payments, student loan debt remains a top concern for many Americans in the workforce.

Employers looking for ways to help support employees who are paying off student loans should consider offering employee benefits aimed at just that—helping them pay off this debt. In December, Congress passed the Consolidated Appropriations Act of 2021, enabling employers to contribute up to $5,250 in student loan payments tax-free, making it easier than ever for organizations to help.

Supporting employees burdened with student loan debt can be a strong tool for attracting and retaining top talent.

2. Retirement Planning

A 2019 study by GOBankingRates found that 64% of respondents expected to retire with less than $10,000 in their retirement savings. Employers can help employees prepare for retirement and reduce stress by offering benefits designed to enable employees to begin saving for retirement. Some plan options that provide tax benefits to both employers and employees include:

  • Payroll Deductible IRA – For employers who don’t want to implement a retirement savings plan, this plan offers a way for eligible employees to contribute to an IRA through payroll deductions.
  • 401(k) Plan – This plan offers an opportunity to employees to save through salary deferrals with the option of employer contribution.
  • Money Purchase Plan – This plan allows employers to make contributions to employee savings based on their discretion. There is no fixed amount nor requirement to make a contribution by the employer.

There are many types of retirement plans available to organizations, so do your research and choose the one that fits the needs of your business.

3. Education and stewardship

Understanding the basics of investing, saving, and money management is a challenge for many Americans, leading them to avoid this type of planning altogether. If your organization can’t offer benefits to help them save, consider offering a program to empower them through education.

Platforms like Skillshare and financialgym offer online courses to help anyone learn the basics of investing, planning for retirement and savings, and managing money. Knowledge and understanding can make a more powerful impact, in many ways, than simply offering a plan that no one understands.

Their financial wellness is your reward

Helping employees plan for retirement and effectively manage their savings and debt is a sure-fire way to improve their overall wellbeing by reducing stress and creating stability within their lives and futures. You may see an increase in talent attraction, employee engagement, retention, and satisfaction by offering a hand and enabling employees to create financial stability within their lives. What’s good for them is good for business.

 

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What You Need to Know About Group Life Insurance

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A study conducted by LIMRA and Life Happens found that 41 million Americans say they do not have life insurance coverage at all. When it comes to providing benefits for your employees, life insurance ensures they give their families much-needed financial security. All too often, however, life insurance is a misunderstood and confusing topic. We are here to help.

Here is what you need to know about group life insurance plans.

What is life insurance?

Life insurance is a contract between a person and an insurance company. A premium is paid, and after a person’s death, a lump sum, or death benefit, is paid to the beneficiaries the person designates. The beneficiaries can use the money for any purpose they like.

What is group life insurance?

Group life insurance is when an entire life insurance contract covers a whole group of people. The policy owner is the employer or organization, and the policy covers all the employees at the organization.

Are there different types of group life insurance?

Yes, there are two different types of group life insurance: employer-paid or voluntary. These are usually seen as term life insurance, which provides your employees coverage for the term of their employment.

Employer-paid life insurance

Employer-paid life insurance is when the policy is paid by the employer. This offers your employees a convenient way to receive life insurance coverage. This type of coverage, at times, offers them coverage portability or the ability for your employees to continue their life insurance policy when they no longer work for you.

Voluntary life insurance

Voluntary life insurance is an optional benefit offered to employees. This type of life insurance is paid for by the employee directly to the workplace’s insurance company via a monthly premium taken out of their paycheck. Like employer-paid life insurance, voluntary life insurance can also offer coverage portability.

Why is life insurance important?

As an employer, you may wonder why life insurance is important to provide to your employees, and there are several reasons:

  • It provides for lost income: Providing a group life insurance policy helps ensure that your employees’ loved ones will have some financial replacement for the lost paycheck in the case of their death. This allows the family time to get a footing in their new reality.
  • It reduces stress: Losing a loved one is already a difficult and emotional experience without the added financial burden of losing a partner or parent. Life insurance will help protect the family from the difficulty that awaits. For example, finding help for childcare after the loss of a parent is a huge stress for the surviving parent. Knowing they have financial support to afford it can ease the pressure.
  • It helps cover bills and debts: Life insurance will help cover bills or debts your employees leave behind, so they are not passed to your employees’ loved ones.

It doesn’t have to be confusing

Life insurance can be, admittedly, confusing. But it is a smart move for employers who want to add family-focused benefits into their employee benefits plan. Talk to a trusted advisor who will help you decide on the best group life insurance plan for your employees.

 

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Facing Challenges as a High-Performance Team

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Imagine your team works on a project or goal, and they need to get from point A to point B. Do you believe the bridge between the two points provides the necessary support to carry your team over? What if an obstacle is thrown their way?

Perhaps an essential team member calls out sick, and the team depends on them to reach a deadline. This is when your team will show whether they are a high-performing team or merely highly productive.

You can have intelligent, capable, and productive individuals on your team, but if they cannot persevere through challenges, it is time to foster a high-performance team. This is possible by establishing the primary components of a high-performance team: a positive work environment, collaborative problem-solving, and leadership.

Positive work environment

The first component of a high-performance team is having a positive work environment. Start by creating ground rules to establish the values of the group. The ground rules communicate personal behavior expectations that reflect the team’s values.

And how your team handles emerging challenges depends on your team culture!

For example, if a team values learning and openness to new approaches, they would expect others to ask questions and offer guidance while promoting curiosity.

Foster a team identity built on a commitment to a shared goal or vision. Strong team identities are built on listening, trust, respect, and understanding strengths and diversity. These values are critical for working interdependently because they enable people to rely on one another.

Collaborative problem-solving

By fostering listening skills, trust, and team identity, a team can problem-solve collaboratively. Problem-solving demands an exchange of ideas, which is possible only if team members work hard to listen to perspectives that are different from their own. An excellent way to approach collaborative problem-solving is by using divergent and convergent thinking strategies.

Divergent thinking helps high-performing teams identify many solutions to
a potential problem. The spirit of the activity is to defer judgment and encourage contributions in a free-flowing and creative way. There are
many exercises you can use to promote divergent thinking:

  • Letting your team have time to think about the problem
  • Making lists of the potential solutions to the problem
  • Doing verbal brainstorming or mind-mapping

Once you have a solid set of potential solutions, the team moves into the convergent thinking stage, where they work together to:

  • Narrow down options
  • Decide on the best solution
  • Reach a consensus based on a benefit and risk analysis

When you have fostered a healthy team environment, the inevitable conflict will be manageable through your ground rules of mutual respect. Create a positive work environment with strong listening skills and team identity and you will see your teams making decisions and action plans to face challenges head-on in a collaborative way.

Leadership

Leadership helps provide the bridge’s strength and support to push a team to persevere when faced with a challenge. The leader creates a positive work environment and encourages collaborative problem-solving while nurturing their team’s capabilities. Remember that leaders are not always the boss; you can have a de-facto leader on your team too!

Leaders contribute to high-performance teams by attending to the team’s health, maintaining the strategic vision, supporting team members individually, demonstrating and encouraging accountability, and modeling the way through behavior and action.

Be the three-legged stool

Although the three primary components of a high-performance team are fostered separately, they all depend on each other like the three legs of a stool. If one leg is not stable, the others will not be either. Nurture all three components and embrace challenges head-on!

 

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