Three out-of-the-box methods to commerce the rise of electrical automobiles in 2022

Investors should possibly be looking under the radar for electric vehicle games in the coming year, say two traders.

With popular stocks like Tesla and Nikola “We’re trying to play around the edges,” Nancy Tengler of Laffer Tengler Investments told CNBC “Trading nation” on Thursday.

“There are two ways for investors to nibble on the sides of the electric vehicle market,” said the company’s chief investment officer. “One is Borgwarner. “

Borgwarner, a $ 10.5 billion auto parts maker, is well on its way to delivering around 30% of powertrains or electric motors to the electric vehicle industry by 2023, Tengler said. It has also lagged the market this year, up less than 13% and trading at a relatively cheap price-to-earnings-ratio of 11, she said.

“The second way is copper, maybe a name like Freeport-McMoRan, some of the miners who will be supplying the EV manufacturers, “said Tengler.

A third tangential market could see a big reversal in 2022, said Quint Tatro, chief investment officer of Joule Financial, in the same interview.

Charging station stocks flash and Charging point could make a huge profit from President Joe Biden’s infrastructure plan of roughly $ 7.5 billion allocated to the industry, Tatro said.

Blink and ChargePoint stocks are down 33% and 52%, respectively, since the start of the year.

“These are stocks that we believe will experience some tax losses in the New Year, and I think these will be interesting trading opportunities early in January,” said Tatro.

Disclaimer of liability

San Antonians say psychological well being, housing, and infrastructure amongst finest methods to spend pandemic aid cash

SAN ANTONIO – As the San Antonio City Council decides how to spend the remaining $ 199.4 million in unallocated money from the American Rescue Plan Act, parishioners have made their wishes known.

In a presentation on Thursday to the council members, the city officials presented the results of the various surveys, town hall meetings and meetings with the Small Business Advocacy Commission from the previous months. Housing, infrastructure and economic development were high on the list of immediate spending priorities for community members, while they said mental health, housing and quality childcare were their preferred long-term investments.

The SBAC listed priorities such as access to capital, such as grants or loans; Capacity building through vocational training and financial literacy; and promoting art and tourism.

The city has been allocated $ 326.9 million in ARPA dollars, half of which it has already received. The other half is expected to be received in May 2022.

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The city is allowed to use the money for a variety of purposes, including: balancing budget constraints; pay for the public health response to the pandemic; Payment of bonuses for important employees; and water, sewer and broadband infrastructure works.

The city has already committed $ 97.5 million to fill budget gaps from lost revenue over three fiscal years. Council too Set aside $ 30 million to help people in arrears with their electricity and water bills.

On Thursday, city officials recommended allocating $ 35 million to the city’s COVID-19 response, $ 35.95 million for “immediate” community needs and $ 128.45 million for “effective investment.”

POSSIBLE BONUS FOR CITY WORKERS

City officials suggested two “premium payment” options for city workers, for the several council members had asked.

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Depending on their annual income, the first plan would pay employees a bonus of up to $ 3,000 if they worked on-site in the 12 months between March 2020 and March 2021.

This plan would cost $ 10 million and cover 5,920 eligible employees.

However, City Manager Erik Walsh had employees come up with a second plan that would cover all employees – 11,760 of them – and pay up to $ 2,000, depending on their hire date and annual earnings. This plan would cost $ 14.3 million.

“But from my point of view, I think we should treat everyone equally from the point of view of employees,” said Walsh.

While not all city employees would meet the ARPA guidelines for premium payment, which are intended for those who had to work in person during the pandemic, city employees could justify this by using the “revenue replacement” category.

Some councilors called for a third option that would still cover all 11,760 employees but offer a relatively higher bonus for the 5,920 who had to come to work.

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City officials noted that none of the other major Texas cities had yet chosen to use ARPA money for bonuses.

NEXT STEPS

The city council has yet to approve the overall framework for the use of the money. This is expected to happen in a February 3rd vote after the city council made adjustments based on Thursday’s discussion.

Thereafter, the council members will assist through various sub-committees in deciding which programs to fund the ARPA money.

Copyright 2021 by KSAT – All rights reserved.

four methods consumers have modified because the pandemic started

Shoppers climb and descend an escalator at Willow Grove Park Mall in Willow Grove, Pennsylvania on November 14, 2020.

Mark Makela | Reuters

As the Christmas shoppers prepare for the festivities, they are preparing for a season that will be noticeably different than it was a year ago.

Big parties with family and friends. Busy shopping malls. A trip to Santa Claus. Maybe even a warm weather getaway. Consumers are again seeing more of these vacation rituals than possible. Almost three in five Americans are vaccinated against Covid-19, and the pace of it is new coronavirus cases has fallen below the level of summer rise, giving people more confidence to return to their holiday traditions.

Even so, not everything will be the same as it was before the Covid strike.

Buyers have developed new habits and new fears have arisen. Factory closures, congested ports and labor shortages can all result in limited gift choices and consumers easily missing out on a toy or gift they were hoping for. Prices could lead to a sticker shock, even.

Consumers are likely to swiftly switch between online and in-store shopping, taking full advantage of methods such as roadside collection. (Although on this holiday, convenience – rather than avoiding the crowds – will determine the decision.) Shops have largely given up breaks, but other avenues have emerged for Insolvent consumers to finance their vacation purchases.

“Black Friday will be like no other” Macys CEO Jeff Gennette told analysts on a conference call Thursday. “We are Closed on Thanksgivingwhich is a big change from 2019. But we expect our digital business to be very heavily tracked throughout the day … and we are ready for all of the expected traffic that is about to begin [in stores] at 6:00 am the day after Thanksgiving. “

Here’s a closer look at some of the ways this Christmas season is likely to be different than it has been in the past:

Slowdown in ecommerce growth

Holiday e-commerce sales are up at least one mid-teens clip year over year as long as Adobe Analytics stays on top of things. That should change this year.

Online sales in the US are expected to grow 10% to $ 207 billion, according to Adobe’s Digital Economy Index. That’s after a massive pandemic-related increase of 33% last year. Adobe tracks more than 100 million products online across 18 product categories across the web.

“There are many macroeconomic factors at play here … that could drive consumers to switch between online and offline purchases,” said Vivek Pandya, senior analyst at Adobe Digital Insights.

Stories about the supply chain and crowded ports are likely to help more people shop in stores instead of online whenever possible, he said. And after an unprecedented surge in e-commerce spending last Christmas season, it was likely that growth would slow, Pandya added. Still, Adobe predicts this will be the first public holiday that online spending will top $ 200 billion.

Buyers return to the stores

Christmas shoppers search for deals during the Black Friday sales event at the Pentagon Center shopping mall in Arlington, Virginia on November 29, 2019.

Loren Elliott | Reuters

Are you thinking about going to the mall on Black Friday? You’re not alone. Shops will be much busier than they were a year ago as shoppers’ fear of venturing out of the house has eased significantly.

The National Retail Federation said it was expecting almost 2 million more people will shop from Thanksgiving Day through Cyber ​​Monday, even though 61% of shoppers have already started buying gifts. The retail group used Prosper Insights & Analytics to survey 7,837 adults from November 1 to 10 about their plans and progress.

On Black Friday, 64% said they expected to go to stores to shop, up from 51% last year, NRF said.

ICSC, a retail organization that represents the shopping mall industry, conducted its own survey of 1,005 people from September 24-26 and learned that half of US consumers plan to visit more stores this year to To buy gifts. In the past year, 45% said they went to shopping malls.

Consumers cited the ability to touch and feel products, get what they want instantly, and finding gift ideas as the main reasons for the trip. More than three quarters of people said they went to shopping centers to have a bite to eat or to use other services in the shopping centers.

“Vaccination rates are improving in some of our regions, and California in particular,” said Jean-Marie Tritant, US president of the Unibail-Rodamco-Westfield global shopping mall. “This makes people feel even more comfortable when they return to places where they can meet.”

Buy gifts now, pay later

Confirm the Holdings Inc. website home screen on a laptop computer in an arranged photo taken on Wednesday December 9, 2020 in Little Falls, New Jersey, USA.

Gabby Jones | Bloomberg | Getty Images

Gone are the old school days of the layaway. Consumers have a new way to cover the cost of vacation travel: Buy now, pay later Payment plans.

The use of installment payments is expected to gain popularity this holiday season. These services enable a buyer to purchase an item, take it home immediately, and cash out in set increments. Layaway, on the other hand, required a retailer to reserve an item and keep that purchased item for the consumer.

BNPL has established itself as a retailer including Macys, Walmart and target Make deals with companies like. away Confirm, based in Australia additional payment and Sweden’s Klarna.

According to data from Adobe Analytics, “Buy Now, Pay Later” online sales increased 10% this year compared to 2020 and 45% compared to 2019. One in four respondents in an Adobe survey said they had used BNPL plans in the past three months, with apparel, electronics, and groceries being the top three categories.

Summarize memories

Fans attend a concert by recording artist Machine Gun Kelly during a stop on his Tickets to My Downfall tour at The Theater at Virgin Hotels Las Vegas on October 16, 2021 in Las Vegas, Nevada.

Ethan Miller | Getty Images

Wellness days. Dinner in a fancy restaurant. Tickets for a concert.

These gifts are returning to wish lists this year as consumers feel more comfortable around other people and long for experiences they’ve missed.

About 43% of consumers plan to redirect their spending this holiday season to experiences and service gifts, according to a survey by consulting firm Accenture of around 1,500 US consumers in August. This is even higher among the younger generations: 53% of Millennials and 50% of Generation Z say they are switching to more experience spending, the survey found.

Almost 70% of respondents plan to buy the same or more restaurant gift cards this holiday season compared to last year, and 47% plan to buy the same or more beauty products or services as gifts, e.g. B. a manicure.

Travel-related gifts in particular are on the wish list. According to the survey, 40 percent of older millennials – consumers between 32 and 39 – plan to purchase travel vouchers or airline tickets for others during the holiday season.

“We have some catching up to do,” said Jill Standish, director of Accenture’s retail group.

auditor suggests methods to economize

From 2010 to 2019, annual medical claims for Vermont state employees, retirees, and their families rose 51% from $ 94 million to $ 142 million, according to state examiner Doug Hoffer.

Hoffer released a report on Friday, which explored how the state could save money on health care by incentivizing people to choose cheaper care. Hoffer said the state pays different amounts to different providers for the same health care benefits.

“The price difference paid for exactly the same health procedures under the state health plan for workers is appalling, especially since higher prices do not necessarily mean higher quality,” Hoffer said in a press release. “Our research found that the provider with the highest price for a given service was paid, on average, 3.5 times more than the provider with the lowest price for the exact same service.”

In the case of an electrocardiogram, according to Hoffer, the gap between the highest and lowest costs is “astonishing” 9.3 times.

“When government employees and their families are cared for by the most expensive health care providers, often unaware, it increases the cost of health care for patients, the state and taxpayers,” he said.

Strategies To Save Money In Healthcare

Hoffers said other states facing the same dilemma have developed two strategies to reduce costs:

  • Reference-based prices: The health care buyer, in this case the state of Vermont, sets a maximum price for what they are willing to pay for a service rather than using the price negotiated by insurance companies and hospitals. According to Hoffer, Montana introduced reference-based pricing for its government employees and saved $ 47.8 million in three years. Hoffer estimates that this approach could save Vermont up to $ 16.3 million annually.
  • Incentives for inexpensive care: With this model, employees receive comparative price information and receive a monetary incentive for choosing a cheaper provider. Hoffer estimates that Vermont could save $ 202,000 annually on seven services highlighted in his report. With every additional service, the state would realize additional savings, said Hoffer.

“Other states that are under the same pressure as Vermont have decided to do something about it,” Hoffer said in a press release. “I strongly encourage the Scott administration, legislature and government officials to expand our research and implement a strategy that benefits government officials, the state budget and taxpayers.”

Tools for price transparency in hospitals: The State of Vermont Chartered Accountant touts hospital cost transparency as the key to saving money

OneCare: Vermont spent nearly $ 30 million on OneCare without skimming on health care

More: Vermont is struggling to provide psychological counseling, especially to young people

Contact Dan D’Ambrosio at 660-1841 or ddambrosio@freepressmedia.com. Follow him on Twitter @DanDambrosioVT. This reporting is only possible with the support of our readers.

Cash Talks: 6 Methods to Assist Your Staff with Their Funds

Companies offer entry-level bonuses and raise wages to get people to work for them. However, it takes more than one-time bonuses and small pay increases to keep employees in your company for the long term. If you want employees to invest in your business, invest in their financial well-being. Here are six strategies to consider.

Become an employee-owned company

Employee-run companies could be the wave of the future. Companies like Publix Supermarkets have been majority-owned by employees for many years. Today, other smaller organizations like Walt Churchill’s Market in Ohio and a group called A Few Cool Hardware Stores (13 Ace Hardware Stores in the Washington DC and Baltimore area) are jumping on the bandwagon. Employee ownership means that the employees own shares in the company, so if the company wins, everyone wins. Traditionally, these companies have seen higher productivity, higher profitability, higher revenues, and better employee retention.

In addition, it helps the employees to take over the success of the company and thereby create their personal financial basis. A recent study by John Zogby Strategies found that people who worked at employee-owned S-Corps fared significantly better financially than those who worked for non-ESOP companies. Perhaps it is time to give your people a more important piece of the pie.

Get religious when it comes to promoting from within

One of the most important ways to make people feel valued is to recognize their potential. Companies that religiously search for undiscovered talents, involve people at all levels in projects and offer mentoring, coaching and development opportunities not only make employees feel valued, but also invest less time and money in recruiting. Make a goal of quickly moving people from low-paid positions to roles with more responsibility and higher paychecks.

Be a great company that you come from

Some companies have high turnover because it’s the nature of the animal. If high school or college students make up the majority of your team, expect them to leave. However, organizations can help themselves and their employees by becoming a company that is known for great learning and development opportunities. In other words, create opportunity for your employees by teaching them so much that other employers will want to hire and promote them based on their longstanding work with you. If you do this, you will also become more attractive as an employer for young professionals, so everyone will benefit!

Get a finance coach

Invest in the future of your employees by hiring a financial wellness coach to work with them. We don’t usually learn money management skills in school and most hourly workers don’t have the resources to hire a financial advisor. They do not necessarily have the wealth-building skills and knowledge that those in power have. Set people apart by providing one-on-one coaching on budgeting, goal setting, investing (beyond your 401,000), and other activities that increase their financial well-being and freedom.

Be transparent about salaries

Companies like Buffer go ahead by making their salaries fully transparent. You can now go to their website and see what each individual employee is doing. While you may not be ready to share these numbers with the public, there are good reasons for salary transparency. By showing people the exact formula you use to calculate salaries, you are making your company accountable and building trust with your employees. For example, using a recipe like Buffer’s is also giving your team a clear path to making more money within your company.

Redistribute resources and pay everyone well

Finally, if you haven’t raised wages just yet, it’s time. The discussion about raising the minimum wage is not gone, and if your company is to be relevant in the future, you need to jump on the bandwagon. While you may or may not want to follow the lead of Dan Price, CEO of Gravity Payments, who cut his own salary to $ 70,000 and raised his employees’ salaries to the same amount, you can probably find the money somewhere. Start by comparing your employee turnover statistics with real dollars. If you look at these numbers alone, it will most likely show that you have the money. You just spend it looking for new people. You might consider flattening your organization, offering commissions, or reevaluating the positions that will add the most to your company’s bottom line. In order to be competitive in this labor market, wages must definitely rise.

When you innovate and contribute to the financial well-being of others, your company’s employees will feel respected, less stressed, and committed to your company’s purpose.

Written by Donna (Bouchard) cutting.

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Simple methods to economize the subsequent time you order takeout

It’s easy to pick up the phone to order takeaway food when you don’t feel like cooking, but a full stomach to take away can leave your wallet empty. This is how you can save.

SAN ANTONIO – You may notice it in your own budget: Texans have been spending more money eating out since the pandemic started. Takeaway food is convenient, but it can cleanse your wallet.

“Spending on eating out, such as spending in restaurants or taking out, has increased much faster than spending on groceries,” said Erika Giovanetti, who wrote a take-away report for. wrote Credit tree.

She found that some Texas households are spending nearly $ 440 a month on takeout. It’s a convenience you’ll pay for, but experts say there are ways to keep your stomach and wallet full.

First, try to cut down on your orders.

“If you order takeaway five nights a week, you might cut yourself down to just three nights a week,” said Andrea Woroch, a money-saving expert. “I like to say start small, and when you have adopted and adopted the next habit, you can reduce it further from there.

Groceries for delivery may have higher prices and additional fees. Instead, collect it yourself.

“Just order through your local restaurant and then choose pick-up,” said Woroch. “This is an easy way to avoid these fees. I know there are $ 3 or $ 5 fees here and there, doesn’t sound like a lot and might not break your budget, but if you do this regularly, those little fees add up. Pick up whenever possible and arrange with an errand so it doesn’t feel like you go out of your way just to get the take-away order. “

“Many small restaurants and family-run establishments are having problems right now,” said Giovanetti. “You’d probably really like it if you just called them up and ordered take-away instead of using a third-party service.”

Or save by buying more frozen, prepared foods for quick meals at the grocery store. Woroch always has a frozen pizza close at hand so that a meal can be prepared quickly.

“I also fill my freezer with things that can simply be reheated in the microwave or oven for those nights that I don’t want to order to take away. It still costs a little more than cooking it yourself, but not that much to take away, ”said Woroch. “Have things like frozen vegetables or chicken handy. That way, you have something that is easy to thaw and quick to cook. You don’t have to worry about going to the grocery store. I think that’s usually the main reason people end up ordering takeout. You’re like, ‘Oh, now I have to go to the grocery store and get all these ingredients and then cook.’ When you just have it at home and ready to go in the freezer, it is one less step to take to prepare your own meals and avoid takeout. “

“Everything looks good when you’re hungry,” said Woroch. “If you can make a small appetizer at home, be it humus and carrots or crackers and cheese, it might keep some of that hunger at bay.”

A budget can also help control food spending. Let technology do the hard work for you.

“Budgeting apps for your smartphone can set up automatic notifications when you over-spend in a certain category like restaurants or takeaways,” said Giovanetti.

She recommended using it mint.

Get cash from delivery orders by using coupon codes.

“There are sites like CouponCabin.com that will have offers on these different order sites, ”said Woroch. “Also, if you hit a certain spending limit, like ordering $ 30 worth of food in a restaurant, you might get a 10 percent discount. In that case, you might order lunch for the next day. Then you get this discount and are prepared for a few meals. “

Cashback apps like Get rewards allows you to get more meals for free.

“This gives you points that are good for free gift certificates,” said Woroch.

Also, make larger meals when you’re cooking and freeze leftovers so they can be easily reheated another night.

If you have an eyewitness question, email us at EWTK@KENS5.com or call us at 210-377-8647.

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5 methods to fashion an Afro

Afros are versatile and easy to style. Before starting any of these styles, make sure that your hair is well moisturized and conditioned.

Don’t be sparing with the coconut oil and shea butter.

Here are five ways to style your afro;

If your natural hair isn’t that long or is shrinking, don’t be fooled that you can’t just leave it as it is because you can. Before you keep your hair short, make sure that you have trimmed your hair and it is the same.

If your hair is a little longer and can maintain a parting, you can always part your natural hair.

Twisting it out adds volume and curls to your hair. Make twists before bed, then loosen and apply some mousse for shine.

When you’ve just loosened your braids, you can leave your hair alone. It would provide the necessary volume with your hair needs.

If you have long hair, you can always let it go up like Diane’s steed.

Which of these afro styles do you love?

Social Safety will run out of cash in 12 years. Listed below are methods it may be fastened

This is the year social insurance begins to pay off more than it brings in. Which could get very expensive for those of us who hope to one day retire.

The retirement program for retirees, their survivors, and the disabled built a trillion dollar reserve when the economy grew faster and retirees didn’t live as long. But with Employers hire fewer people and more workers retire, Social Security is selling their large stacks of government bonds to keep the checks up for a while.

Last Tuesday is the plan Trustee warned they assume that the money will be used up in 12 years. When this happens, the law requires Social Security to cut payments to retirees by about a quarter – forget about the cost of living increases – and survive on what it still collects from workers and their bosses.

For decades, a dwindling pool of workers has supported a growing number of baby boomer retirees. COVID-19 has exacerbated trends – decreasing the number of working people who pay into the system, while increasing the number of those who have left the workforce and started collecting from it.

All of this means that Congress and the President may have to do something painful – raise social security taxes or cut payments, raise the retirement age, or do all of these at once. What they have done in the past: particularly in 1983 when President Ronald Reagan joined the Democrats to raise contributions a bit and slowly raise the age for “normal” retirement to the current 67, making the system more solvent, at least until this generation of Washington politicians was certain to be dead.

Unfortunately, Reagan and Congress were overly optimistic about the future of the system. As social security historian Sylvester Schieber points out, the increase in income inequality has thrown an unexpected curve ball into the system as it exempts the ultra-rich from payments after their income exceeds the tax ceiling (currently $ 142,800). Removing the cap would produce a lot of money, but it hits the notion that Social Security checks should have a relationship with deposited money.

What should I do?

The trustees made many suggestions:

  • Reduction of the annual increases in social security. There are many suggestions for doing this that would affect different retirees in different ways.

  • Raising the normal retirement age from currently 67 to 69. Raising the early retirement age from 62 to 65 and increasing the number of years you need to be eligible. That would greatly relieve the system. But as the trustees report does not add, doing so would leave millions of people of the current retirement age in employment or reduce their income, which would lead to much more stress.

  • Increase wage taxes. Social Security already charges 12.4% of the gross wage of Americans, split between workers and bosses. At a more realistic 16%, the system would pay for itself by the next century, the trustees estimate.

And yes, that would be extremely expensive. Social Security would end up consuming about $ 1 for every $ 6 of gross employee wages. Up from currently 1 USD for 8 USD each.

Of course, smaller or later social security checks would also be terribly unpopular. Because of this, changes are made in silence over time.

Sens. Mitt Romney (R., Utah) and Joe Manchin (D., W.Va.) headed a bipartisan list of colleagues who in April called for a National Fix-it Expert Commission on Social Security, like the one who did the 1983, instead of debating what to do in Congress under the heat of the cameras and the threat of toxic party politics, changes what to do.

Isn’t 12 years a long way to go? Why the rush?

The longer we wait, the less money is left in the program. Wait until it goes broke and the cuts have to be much bigger, or the bailout much more expensive, or we have to repeat it very often. Another reason for the current situation, according to Schieber, a former chairman of the system’s advisory board, is that Congress used to often tinker with social security, only to lose its nerve after the fixes in the early 1980s.

Can’t we just borrow the money? That could be a way out. But the system is currently excluded from deficit financing. Changing this would destroy another of the leading and popular principles of the system – that it is a pay-as-you-go system, not welfare, but one in which people earn their payments.

Some senators – for example, the lame duck Pat Toomey (R., Pennsylvania) – are still warning that credit has a fiscal price. Sooner or later, you’ll pump so much money into the economy that prices skyrocket, slowing down new hires, making incomes less worthwhile, and putting pressure on more government aid. Indeed, in recent talks, for example with the York Rotarians last month, Toomey accused the Democrats of using borrowed money to fund increasing numbers of ways to make the middle class more dependent on government aid.

Of course, Social Security saw itself, Toomey in the same speech alongside other early 20th reforms, Sun Oil Co. head Joseph Pew even tried to convince professors at his family-funded Grove City College in Pennsylvania not to Participate in social security as it eased the natural moral pressures that forced people to work and save. (He was disappointed that only two economists agreed and rejected wage deductions.)

Some people would even benefit if social security contributions were cut. Winners in particular include large investment firms that could count on attracting more savings from the minority of workers who believe they can afford to provide substantial income for retirement.

But not all Conservatives opposed social security. Friedrich Hayek, a godfather of libertarianism, praised worker-funded pension and insurance plans in The Road to Serfdom – although he cautioned that attempts to socialize the costs beyond participants would arouse fierce opposition.

That, of course, is the problem Washington is facing today: Who pays our most expensive benefits – not just Social Security, but Medicare and highway spending, both of which also run out of long-term funding? Just the users, of whom so many have fewer left? Or all Americans, even the most successful? How can financing and expenditure be balanced and made fair?

This is the stuff we should expect from our candidates for the Federal Office and propose realistic solutions, many of which we will not like.

The butterfly impact: Hidden methods firms are shedding cash

The Transform Technology Summits begin on October 13th with Low-Code / No Code: Enabling Enterprise Agility. Join Now!

This article was written by Garret Flower, CEO and Founder of ParkOffice.

When it comes to savings, companies often think very linearly. You are trying to reduce direct spending on staff, marketing, and so on. This has been the case for generations, but I believe this mindset tends to overlook the myriad of ways companies can identify and eliminate certain “invisible overheads”. It is time for companies to take advantage of the butterfly effect and identify the seemingly trivial things in their business that enable significant savings.

Management of back to the office has the potential to become very expensive for many companies. Fortunately, the pandemic has made an explosion in the Digitization of many workforces. This opens up a world of possibilities when it comes to the cost of go back to work.

So what should companies watch out for to make sure they are spending smartly while working smartly?

Avoid spending too much on maintenance and cleaning

With the return of the office, it seems sensible to double the cleaning and maintenance functions. Hygiene is of tremendous importance in fighting COVID-19, but in my opinion, aimlessly increasing spending here could be a cost that you just don’t need.

Think about it: With hybrid work, large parts of your office are empty for large parts of the week. Investing in good maintenance management software can save a lot of money. It would allow you to switch from ongoing flat-rate coverage to on-demand coverage. Gone are the days of maintenance staff patrolling the office looking for work to get done. With technology, everything can be reported and answered promptly and efficiently.

Get a handle on employee parking

Even poor parking management for employees before the pandemic costs companies a lot of money and also took its toll on employees. Research shows that up to 23% of the employees give up at some point in your professional life due to a difficult commute.

When employees return to the offices, the focus on parking will multiply. On the one hand, the reluctance to use public transport will boost demand. On the other hand, due to the hybrid working, the demand will be much more unpredictable.

Good software for parking space management ensures that the parking chaos never raises its ugly head again. By monitoring demand, providing real-time availability and automating parking allocation companies, all parking problems can be eliminated at the push of a button.

In the long term, the data and findings help companies determine the required parking space and thereby achieve greater direct savings through real estate reductions. Other benefits include increased productivity and time management for employees, and possibly even reduced stress.

Be careful with real estate reproduction

As the world of work opens up again, employers will see an increasing demand for off-site coworking. Research through the Enterprisers project shows that 83% of Americans believe a hybrid work model is preferable for them after the pandemic. I realize that many employees don’t want to return to work five times a week, but want to escape from the storage room.

Suburban coworking offices can benefit as companies fund their employees to work closer to home in more formalized shared environments. This all sounds great, except that most companies are already spending a lot of money on real estate for their office workers.

Tracking and balancing these flexible work expenses becomes more difficult over time. How does a company keep track of how often an employee uses their external hotdesk? How do you know when an employee decided to return to the office full-time?

Introducing a robust real estate spend management solution is a big step here for businesses to find their sweet spot and keep real estate waste to a minimum.

Don’t leave the lights on when no one is home

In the last ten years, intelligent lighting and heating systems in workplaces have increased noticeably. But again, in the context of the post-pandemic landscape, I believe that now is the most urgent time to make sure your business is secure.

Since entire floors may be unused on certain days of the week when companies find their hybrid work balance, companies can hardly afford to have lighting and heating for the entire building when demand is limited.

The advancement in IoT hardware and complementary SaaS solutions makes these systems very accessible for companies of all sizes and the return on investment is very measurable.

Beware of the catch-all software

One little warning I offer companies when they return is to be careful when buying software solutions. The pandemic got a lot of companies rolling, which means the market is now inundated with SaaS products that are still trying to figure out what they are doing. In other words, they don’t do what it says on the tin.

My advice is to avoid the one stop shop solutions that promise to do it all under the sun. Quite often, these software are expensive bugs. Once you purchase the solution, you realize that it does not have the features or product experience you need to solve the problem at hand.

You then have to embark on a whole new product journey to buy specialty products that eliminate the problems. Save time and money and buy the best products to solve your problems from day one.

Garret Flower is the CEO and co-founder of ParkOffice.io, employee parking management software that enables companies to optimize employee parking.

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13 methods a wholesome life-style can prevent cash

Water has many health benefits and few drawbacks unless the water is contaminated or of poor quality. As per the guidelines of the Centers for Disease Control and Prevention too Water and healthier drinks, Water can help regulate your body temperature, get rid of waste, prevent dehydration, protect your spinal cord, and lubricate joints.

However, the financial benefit of water is that it is virtually free for many people. When you spend a lot of money on other beverages that are usually less healthy than water, you are paying for things your body doesn’t necessarily need. This can include soda, coffee, energy drinks, alcoholic beverages, and more.

Eliminating most non-water drinks can lead to healthier lives and more money in your pocket. Even if you live in a place where you’d rather buy bottled water, it’s likely cheaper than other drinks.