The traditional linear economic model of “take, make, waste” is no longer sustainable. This infographic introduces the concept of a circular economy and its application in product development. We’ll explore strategies for designing products for longevity, disassembly, and potential reuse, minimizing waste, and maximizing resource use. Discover how embracing circular economy principles can contribute to a closed-loop system, benefiting your business and the environment alike.
Our identities are multifaceted, and so are our mental health experiences. This infographic explores the concept of intersectionality and its impact on mental health. We’ll unpack the layers of identity – race, gender, sexual orientation, and more – and examine how they can create unique vulnerabilities and strengths. Discover how understanding these intersections allows us to create more effective mental health resources and support systems that cater to diverse needs.
Infographic provided by Elevate Counseling, providers of telehealth therapy
In today’s competitive business landscape, companies are increasingly recognizing the importance of investing in their employees’ health and well-being. A healthy organization is not just about having a gym on-site or offering health insurance; it’s about creating a culture that supports employee physical, mental, emotional, and social well-being.
There is a strong business case for building a healthy organization. Studies have shown that healthy employees are more engaged, productive, and less likely to miss work due to illness or injury. They are also more likely to stay with their employer long-term, reducing turnover costs.
So, how can companies start building a healthy organization? Here are a few tips:
Conduct a needs assessment to understand your employees’ current health and well-being.
Develop a comprehensive wellness plan that addresses all aspects of employee health, from physical activity and nutrition to mental health and stress management.
Create a supportive company culture that encourages healthy behaviors and discourages unhealthy ones.
Make it easy for employees to participate in wellness programs by offering flexible scheduling and financial incentives.
Track your progress and make adjustments to your plan as needed.
Building a healthy organization is an ongoing process, but it’s an investment that pays off in the long run. By creating a workplace that supports employee health and well-being, companies can improve their bottom line and create a happier, more productive workforce.
In a rapidly evolving digital landscape, technology has become an essential tool for driving positive change in the world. Nonprofit organizations, fueled by their missions to make a difference, have embraced technology to amplify their reach and enhance their impact. From streamlining operations to expanding fundraising efforts, technology has revolutionized the way nonprofits function and engage with their audiences.
What technology is used in nonprofit organizations?
Nonprofit organizations leverage a wide array of technologies to achieve their goals effectively. Some common technologies used by nonprofits include:
Social Media and Digital Marketing: Social media platforms enable nonprofits to reach a broader audience, spread awareness, and engage with supporters in real-time. Digital marketing tools allow nonprofits to create compelling campaigns that resonate with their target audience.
Cloud Computing and Collaboration Tools: Cloud-based solutions facilitate seamless data storage, access, and collaboration among team members and volunteers, regardless of their physical locations.
Online Fundraising Platforms: Nonprofits now have access to various online fundraising platforms that make it easier for them to collect donations securely and efficiently.
Data Analytics and Metrics Tracking: Nonprofits utilize data analytics tools to gain insights into their operations, measure the impact of their initiatives, and make data-driven decisions.
Mobile Applications: Mobile apps enable nonprofits to engage with their supporters on-the-go, provide real-time updates, and offer convenient ways to donate or participate in campaigns.
Virtual Reality (VR) and Augmented Reality (AR): VR and AR technologies have been increasingly adopted by nonprofits to create immersive experiences that showcase their work and inspire empathy and support.
Why is technology important in a nonprofit organization?
Technology plays a pivotal role in enhancing the efficiency, visibility, and impact of nonprofit organizations. Here’s why technology is crucial:
Amplifying Reach: Technology enables nonprofits to reach a global audience and connect with supporters who might not have been reachable through traditional means.
Streamlining Operations: By automating processes and using digital tools, nonprofits can streamline their administrative tasks, allowing them to focus more on their core mission.
Enhancing Communication: Technology facilitates seamless communication between nonprofits, their stakeholders, and the communities they serve, fostering transparency and trust.
Improving Fundraising Efforts: Online fundraising platforms and social media campaigns have revolutionized the way nonprofits raise funds, making the process more accessible and efficient.
Measuring Impact: Technology provides robust data analytics and metrics tracking, allowing nonprofits to measure the effectiveness of their initiatives and make data-driven improvements.
How technology has changed fundraising?
The advent of technology has revolutionized fundraising for nonprofits in numerous ways:
Online Donation Platforms: Nonprofits now have access to secure and user-friendly online donation platforms, making it easier for supporters to contribute from the comfort of their homes.
Crowdfunding: Technology has facilitated the rise of crowdfunding platforms, enabling nonprofits to launch specific campaigns and garner support from a large pool of donors.
Social Media Fundraising: Nonprofits can leverage the power of social media to create compelling fundraising campaigns, reaching a wider audience and encouraging more significant participation.
Recurring Donations: Technology allows nonprofits to set up recurring donation options, providing a predictable and sustainable stream of funding.
Data-Driven Fundraising Strategies: Nonprofits can utilize data analytics to identify donor trends, preferences, and behaviors, enabling them to tailor their fundraising strategies for optimal results.
What are the three commonly used metrics to measure nonprofit efficiency?
Measuring efficiency is crucial for nonprofits to ensure that they are making the most of their resources and delivering maximum impact. Three commonly used metrics include:
Overhead Ratio: The overhead ratio measures the percentage of an organization’s expenses that go toward administrative and fundraising costs. A lower overhead ratio indicates that more funds are directed towards the organization’s programs and services.
Program Expense Ratio: This metric calculates the percentage of total expenses dedicated to the nonprofit’s core programs and initiatives. A higher program expense ratio demonstrates that the organization is channeling a significant portion of its resources directly into its mission.
Impact Measurement: Impact measurement involves quantifying the tangible outcomes and effects of a nonprofit’s initiatives. It helps assess how effectively the organization is achieving its mission and making a positive difference in the lives of those it serves.
Conclusion:
In the digital age, technology has emerged as a powerful ally for nonprofit organizations seeking to create a positive impact on society. By leveraging various technologies, nonprofits can amplify their reach, streamline operations, and revolutionize their fundraising efforts. Moreover, the ability to measure efficiency through data analytics empowers nonprofits to optimize their strategies continually and make a real difference in the communities they serve. Embracing technology for good, these organizations are poised to change the world for the better, one digital innovation at a time.
Cybersecurity is an essential part of any business, regardless of size. With global cybercrime costs expected to grow 15% per year for the next three years, businesses should consider adopting AI-focused security. The resource below, Using Artificial Intelligence To Help Keep Your Financial Data Safe, discusses how AI can help against financial data threats and help protect customers’ personable identifiable information.
Infographic created by Donnelley Financial Solutions, an SEC software company
Social media is an essential tool for restaurant businesses looking to attract new customers and promote their brand. With over 3.6 billion people using social media worldwide, it offers a vast audience for restaurants to reach.
Experts have discovered that a shocking 85% of professionals are not engaged in their workplace. There can be several reasons why companies see a decline in employee engagement such as boredom, insufficient communication or a lack of incentives. What can a business do to better their employee’s experience? Well, it can start with the company’s internal branding. Check out the infographic below for an in-depth view on how good branding can help you out.
Regardless of job type or gender, work-related burnout can affect anyone. However, recent studies have shown a disproportionate increase in working women in the past years. More than a third of female professionals even reported burnout as a routine part of their career. What is the causing this uneven rate of employee burnouts? How do we address this? For more information on this and more, check out the following resource below.
Disclaimer: This document is intended for general information only. It does not provide the reader with specific direction, advice, or recommendations. You may wish to contact an appropriate professional for questions concerning your particular situation.
Freelancing has seen a significant rise over the last decade. In 2020, more than 59 million people were freelancing in the United States. With the upsurge of talent available in the “gig economy,” companies are finding hardworking professionals whose position allows them to moderate their hiring budget and beyond. Here is a brief look at what to expect when hiring a freelancer over a full-time employee.
Businesses large and small rely on freelancers every day. The need is varied, whether it’s for help completing projects to meet deadlines, outsourcing important but short-term tasks such as designing a logo, writing copy or performing financial analysis. Companies do so mainly to cut costs but to gain other benefits as well.
A recent study revealed 40% of organizations reported that hiring highly skilled freelancers helped to boost productivity, improve speed to market and increase innovation within their company. The also see a decrease in the associated risks of employment when opting for independent contractors and the like.
What might make hiring a freelancer generally more cost effective than hiring a full-time employee? Even at a higher hourly rate, employers may anticipate saving 20% to 30% annually with a freelancer. Typically, this is due to the fact the employer does not have to pay for health insurance, retirement and other benefits.
Taxes are also a significant factor because Medicare and Social Security are not paid by the employer. That’s not to say there is no tax responsibility. While freelancers pay their own self-employment tax, employers must provide them with the appropriate tax forms. Managing such complicated matters could be better handled when an organization outsources tax form reporting.
Another aspect to keep in mind is a potential difference in working hours. Freelancers manage their own time and may not follow the business hours of the client for which they work. They may not even be in the same time zone. This may make coordination and communication more difficult than what is expected with a full-time employee.
The increase of available freelancers has been a win-win from both sides of the desk. There are some drawbacks, however, for both. There is often a lack of relationship building with freelancers along with a personal removal from the success of their clients. Without investment such as this, there may be a lower level of commitment. There may also be issues with inefficient time management, communication and similar factors resulting in higher costs in the long run.
Choosing who to hire depends on the short- and long-term goals of the business as well as the landscape of the workplace. As increasingly more individuals seek better benefits or remote work or hybrid arrangements, there could be continued changes to the pros and cons of hiring these two types of workers.
