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Transitioning Your Employees to Remote Work

By May 31, 2020January 16th, 2023No Comments

Ensure you have the right policies and rules in place to create success.

Many businesses today find themselves navigating a forced transition to a remote workforce. This post provides insights to help you ensure both management and employees have a good experience.

Commit to organizational change.

A pivot from on-site to remote working begs for clarity and clear decision making from management. Be sure to get your foundation in place prior to announcing the shift. Communication should be open and frequent to set expectations on how your team will collaborate and be able to maintain close relationships to meet their goals.

Digital practices – more than technology.

A level of new skills may be required to implement. Make sure your team has the ability to use necessary tools seamlessly and provide adequate support when they’re in a pinch. Management needs to consider “behaviors” to keep with the cultural norm in your organization. That may mean activity centered around providing a level of assurance for your team. Gauge how important “face time” is to your people and design your process to consistently provide the method and frequency of communication needed.

A culture of inclusion.

Equipping your people with online tools is only part of the transition.  Results are derived from trust, accountability and the ability to adequately communicate. This is true whether on-site or off-site.  Leaders need to create a collaborative and open virtual environment that provides a platform where they listen to employees to ensure their needs are met.  By eliminating distraction, being active, engaged and supporting others will create a successful remote work culture. Get the job done, meet goals and keep your business moving forward.

Experiencing change together can shape the future for your workplace.

Of course, there will be hurdles to face and management can’t control everything all of the time so there will be a layer added to the transition of employees finding their own solutions to challenges when necessary. With adequate planning, clear and frequent communication and a culture of accountability, teams are able to remote work successfully.

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Ballast Point Ventures

Ballast Point Ventures is a later-stage venture capital fund established to provide expansion capital for rapidly growing, privately owned companies in diverse industries, with a particular emphasis on companies located in Florida, the Southeast, and Texas. The BPV partners have more than 70 years of combined experience investing in and building high-growth companies in a number of industries, including healthcare, business services, communications, technology, financial services, and consumer goods. BPV has $200 million under management and seeks to make equity investments ranging from $3 million to $10 million.

Harbert Management Corporation

Harbert Management Corporation seeks to generate superior returns for their investors by identifying and investing in the most promising early growth stage companies in the Southeastern U.S. HMC seeks to capitalize on what it believes are compelling regional dynamics, such as a strong and fast-growing economy, significant research and development activities, and an established entrepreneurial community. The HMC team combines substantial investment, advisory, and operating experience with capital and networking contacts to support great entrepreneurial teams in successfully executing their growth plans. With offices in Birmingham, Alabama; Richmond, Virginia; and Gainesville, Florida, it’s well positioned to partner with entrepreneurs throughout the Southeast.

KBH Ventures

KBH Ventures was an early investor in Iconixx Software. KBH's investment philosophy plays a significant role in the firm's successful track record. KBH believes in running businesses to be cashflow positive and profitable every month. Startups and companies in a startup mode, such as one that has been purchased in distress, are expected to generate revenue within the first six months and reach profitability within the first 12 to 18 months. KBH also only invests in or acquires companies that are in the startup phase or have less than $20 million in revenues. KBH targets technology companies that offer business-to-business services.

S3 Ventures

S3 Ventures is an early expansion and growth stage venture firm with $200 million under management. It’s focused on information technology solutions that solve large business problems. S3 also invests in medical devices that improve the human condition. S3 invests in category-defining opportunities. It partners with the team and help focus methodically on what it takes to build a successful company. S3 today helps talented entrepreneurs take their technology and market knowledge and form valuable businesses in a repeatable fashion. Investment sizes start at several million or more for Series A, B, and C financing.