Employee Experience: Your Ultimate Guide

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12 min
|
Sep 26, 2024

Did you know 79 percent of employees leave because they feel unappreciated? This shows how crucial the employee’s experience is today. It covers everything a person feels and sees from start to finish. A good experience boosts engagement, productivity, and keeps employees, helping your business thrive.

This article delves into the realm of managing employee’ experiences. You'll uncover its essence and significance for your business. We will delve into leveraging employee’ experiences to enhance customer service. Additionally you will gain insights on the occasions and environments that mold an employees tenure with your organization. By the conclusion you will be equipped to devise a strategy for cultivating a remarkable employee experience, for your team. 

Key Takeaways

  • Employee experience is a holistic approach to managing an employee's journey with an organization
  • A positive employee experience drives engagement, productivity, retention, and business success
  • Employee experience directly impacts customer experience outcomes
  • Key stages and environments shape the employee experience, from recruitment to exit
  • Designing an effective employee experience strategy requires a data-driven, people-centric approach

What is employee experience?

An individuals employee’s journey encompasses their tenure with a company—from the initial application, to their departure—and encompasses all the interactions and emotions they experience during their time there. 

Having a work environment is key, to keeping employees motivated and committed to their jobs.When workers enjoy what they do and feel valued in their roles it not boosts productivity but also encourages them to stay with the company for the long run.This ultimately leads to the success of the organization. 

The path a person takes plays a role in their overall work experience encompassing various aspects such, as: 

  1. Recruitment and onboarding
  2. Training and development
  3. Performance management
  4. Career progression
  5. Offboarding and exit

At every step, how employees interact with the company shapes their experience. This includes talking to colleagues, managers, and using technology. Companies need to make these interactions positive to improve the experience.

Employee’ experience is more than just a job and pay. It's about making a workplace where people can grow and feel valued. By focusing on what employees think and feel, companies can get the best out of their workers and succeed in the long run.

The rise of employee experience

Lately businesses have shifted their attention to prioritizing people's wellbeing as they recognize its impact on company performance and the importance of adapting to evolving personal requirements.This shift in focus towards prioritizing employees stems from the evolving nature of work and the increasing significance of tools, in the workplace. 

The rise of work due to the COVID19 outbreak highlighted the significance of technology in maintaining workforce productivity and engagement regardless of location has prompted companies to reassess their approach, to enhancing the employee’s experience by prioritizing digital tools communication and remote worker support. 

"The future of work is about creating a holistic employee’s experience that empowers individuals to do their best work, regardless of where they are located." - Jenn Lim, CEO and Chief Happiness Officer at Delivering Happiness

Employee’s expectations have also changed. They want flexible work, meaningful tasks and a supportive work culture. To keep the best workers, companies must focus on employee experience and show they care about their well-being and growth.

As work's future unfolds, companies that focus on positive employees experiences will lead. They will be more innovative, successful in the long run, and ready for new challenges. By following employees experience trends and focusing on employees, companies can reach their full potential, and succeed in the changing job market.

The business impact of employee experience

Employee experience is more than just a trend. It greatly affects a company's success. Focusing on person experience leads to better engagement, retention, and customer satisfaction. These factors all contribute to a company's financial health.

Studies show that engaged employees make a big difference. Companies with engaged workers see 21% higher profits and 17% higher productivity. They also have 41% less absenteeism and 59% less turnover.

Investing in employee experience pays off. A study by the MIT Sloan Management Review found that top-quartile companies in employee’ experience see:

  • 25% higher profits than bottom-quartile companies
  • 100% higher customer loyalty
  • 2x the innovation
  • 2x the customer satisfaction

Employee retention is another area where personal experience shines. Replacing an employee can cost 50% to 200% of their salary. By engaging employees and creating a positive work environment, companies can save on turnover costs.

The impact of employee’ experience goes beyond the workplace. Happy, engaged employees provide better customer service. This leads to more customer loyalty and advocacy. A study by Temkin Group found that companies with engaged employees have 233% higher customer loyalty and 26% higher revenue growth.

Business Outcomes of Positive Employee Experience

Business Outcome

Impact of Positive Employee Experience

Profitability

25% higher profits than bottom-quartile companies

Customer Loyalty

100% higher customer loyalty

Innovation

2x the innovation

Customer Satisfaction

2x the customer satisfaction

Employee Retention

59% less turnover

How to leverage employee experience to drive customer experience outcomes

The connection between personal satisfaction and customer satisfaction is strong and intertwined; content employees tend to deliver service which leads to satisfied customers as well! Companies can cultivate a culture of customer service by prioritizing the happiness and well being of their employees who genuinely enjoy serving customers with care and dedication. 

Improving customer experience can be achieved by encouraging employees to advocate for the brand and share their good experiences with customers as brand ambassadors.This not enhances the company's reputation but also fosters trust among customers. 

To make the most of employee’s experience for customer success, companies should:

  1. Create a culture where employees feel trusted and supported to help customers.
  2. Give employees the tools and training they need to serve customers well.
  3. Thank and reward employees for their hard work and focus on customers.
  4. Listen to and act on worker feedback to keep improving and caring for employees.

Investing in employee experience can lead to a cycle of happy employees, happy customers, and better business. Here's a table showing how aligning employee and customer experience can benefit:

Employee Experience Initiatives and Customer Outcomes

Employee Experience Initiatives

Customer Experience Outcomes

Robust onboarding and training programs

Knowledgeable, confident employees delivering consistent, high-quality service

Regular personal feedback and recognition

Motivated, engaged employees going above and beyond for customers

Empowerment and decision-making autonomy

Agile, responsive service that adapts to unique customer needs

Collaborative, supportive work environment

Seamless, cohesive customer experiences across touchpoints

By recognizing the connection between staff and customer satisfaction levels enterprises can develop effective tactics. Through prioritizing employee’ involvement and empowerment businesses can establish a work environment that prioritizes customer satisfaction. This results in a reputable brand satisfied customers and long term prosperity.

Employee experience stages

To enhance the employee experience within a company's operations it is crucial to grasp the complete journey of a person from recruitment to exit.It is through charting this journey that companies are able to identify significant interaction points which can then be utilized to devise and implement strategies aimed at enhancing satisfaction levels as well as fostering greater engagement and retention, among employees. 

  1. Attraction and Recruitment: This stage is about drawing in the best talent. It involves good job postings, strong employer branding, and a great candidate experience.
  2. Onboarding: The onboarding process is vital. It helps new employees get the tools, resources, and support they need to fit in.
  3. Development and Growth: It's important to offer chances for professional growth, skill learning, and career advancement. This keeps employees engaged and loyal.
  4. Performance Management: Regular feedback, setting goals, and recognition help employees stay on track. It makes them feel valued for their work.
  5. Separation or Alumni Engagement: When employees leave, it's crucial to do exit interviews. This helps gather insights and keeps good relationships with former employees who can be brand ambassadors.

By looking closely at each stage of the professional journey, companies can find areas to improve. They can then start initiatives to better the employee experience. This might mean improving recruitment, making onboarding smoother, investing in development programs, or enhancing communication.

The '3 environments' of employee experience

An employee's journey within a company involves aspects that shape their experience – such as the organizational culture environment and the use of technology in the workplace – all of which significantly impact their perception and engagement with their work and the company as a whole. 

1. Company Culture

The foundation of the employee experience lies in company culture which encompasses the values and beliefs that reflect a company's identity and principles.A strong culture fosters a sense of unity, among employees. Promotes open communication while uniting everyone towards a shared objective. 

Effective leaders play a role, in fostering and maintaining a robust organizational culture by setting the tone through their actions and highlighting the behaviors that are esteemed while recognizing and appreciating employees who embody the values of the company. 

2. Technology Environment

In the era we live in today's society; technology plays a significant role in shaping the work environment for employees.The software and devices that employees utilize have an impact not only, in fostering collaboration but also in influencing their overall satisfaction at work.It is crucial for companies to select technology solutions that're user friendly,reliable and secure to support their workforce effectively. 

With the appropriate technology and training provided to their employees companies can empower them to unleash their creativity, adaptability and connectivity in the workplace. 

3. Workplace Environment

Where employees work is crucial whether it's in an office or online setting because a positive work environment can boost employee’s happiness and productivity while also promoting good health and well being among the workforce.It's essential for companies to focus their efforts towards establishing environments that are welcoming and supportive of teamwork while also fostering creativity and innovation, among employees. 

Having furniture that supports good posture and allows for easy movement could be important in creating a pleasant workspace environment with lots of sunlight and designated quiet spaces where individuals can focus on tasks or collaborate with colleagues as needed is a key consideration for organizations to keep in mind when designing workspaces of all types. Whether in office or remote settings. 

By emphasizing company culture and technology in the workplace environment companies can enhance the employee’s experience resulting in increased engagement productivity and overall business success. 

How to improve employee experience

Improving the experience of employees is essential for companies looking to enhance levels and productivity while retaining their workforce intact. Initiate by gathering input from employees using surveys, focus groups and face to face discussions. This input plays a role, in identifying areas that need enhancement and forming effective strategies. 

Establishing a culture of acknowledgment and gratitude is crucial in the workplace setting, where recognizing and incentivizing employees for their work and accomplishments leads to improved morale and increased contentment among staff members whether through structured recognition initiatives or simple acts of appreciation, from supervisors and colleagues alike. 

Invest in the growth of your employees as it is crucial for their development and success within the company! Provide training programs and mentorship opportunities that demonstrate your commitment to their advancement and show that you value them as individuals. 

It's important to prioritize the well being of employees and ensure a work life balance as well.. Implement policies and initiatives that cater to their health, mental well being and emotional needs too. This could involve offering flexible working hours, wellness activities and mental health resources.. When employees are happy and healthy they tend to be more efficient, at work and show loyalty to the company..

Make sure to review and revise your policies and technology, for continuous improvement purposes; ensure they align with the needs of your employees and make adjustments accordingly when necessary to maintain a positive and supportive work atmosphere. 

Enhancing the employee’s experience involves implementing a variety of important strategies.

  • Conducting regular employee engagement surveys and acting on the results
  • Implementing a robust employee recognition program
  • Offering flexible work arrangements and supporting work-life balance
  • Investing in employee development and career growth opportunities
  • Fostering open communication and transparency throughout the organization
Employee Experience Improvement Strategy

Employee Experience Improvement Strategy

Benefits

Regular personal feedback and surveys

Identifies areas for improvement and guides targeted strategies

Personal recognition programs

Boosts morale, engagement, and job satisfaction

Employee development and growth opportunities

Demonstrates commitment to employee’s growth and enhances skills

Prioritizing employee’s well-being and work-life balance

Increases productivity, loyalty, and reduces burnout

Regularly reviewing and updating policies and processes

Ensures alignment with employee needs and expectations

By using these strategies and always improving, companies can make a great work environment. This leads to better productivity, less turnover, and happier customers. Making the workplace better is a big job, but it's worth it for any company.

How to design your employee experience strategy

Crafting a strategy for enhancing employee experience is crucial for organizations aiming to retain top tier talent within their ranks. By prioritizing the design of a work environment through employee experience initiatives companies can drive up productivity levels, foster a culture of innovation and ultimately achieve greater success. To develop a strategy it is essential to have a deep understanding of the needs and desires of your employees. Utilizing techniques such as creating employee personas and mapping out the employee journey can provide insights into their perspectives and experiences. 

The initial step involves establishing objectives; What is your desired outcome or goal in mind here? Perhaps you aim to enhance levels among stakeholders or reduce staff turnover rates while also improving overall customer service standards. Having an understanding of your objectives enables you to develop a strategic plan and maintain concentrated efforts towards achieving them. 

Discover what holds significance in an employees journey at work by utilizing employee’ journey mapping to gain a comprehensive view of their entire employment lifecycle; this approach facilitates the identification of areas, for enhancement and enhancement to enrich their overall experience. 

Once you've identified areas to focus on and begin implementing strategies to address issues and enhance the overall user experience suggestions may include; 

  • Improving onboarding to make new hires feel welcome
  • Creating regular feedback systems to hear from employees
  • Offering learning and development chances for career growth
  • Building a culture of recognition and appreciation

Good employee’s experience strategies need teamwork and support from leaders. It's important to get everyone involved, from HR to IT to senior leaders. Also, keep measuring and improving to meet changing employee needs.

By using employee personas, setting clear goals, and working on specific projects, companies can make a strong employee experience strategy. This strategy can boost engagement, productivity, and success.

Employee experience workplace technology

In today's digital world, technology is key in shaping the employee’s experience. Companies use various tools to support employees from start to finish. By choosing the right employee experience technology, they can make their workplaces better, more engaging, and inclusive.

Listening Tools

Pulse surveys and sentiment analysis tools play a role in gathering feedback from employees as they enable companies to identify areas for improvement and address issues promptly This demonstrates to employees that their opinions are acknowledged and appreciated which ultimately enhances the overall workplace environment. 

Predictive Analytics

Predictive analysis proves to be an asset in gaining insights into the experiences of employees by examining data gathered from surveys and performance evaluations as well as HR systems to enable companies to make informed decisions aimed at enhancing the workplace environment and boosting employee’ contentment. 

Automated Actions and Workflows

Streamlining HR processes enhances the experience for employees by reducing stress and increasing efficiency in their tasks. For instance automating the onboarding process creates a welcoming environment for team members and prepares them to begin their roles smoothly. Moreover automated systems aid in providing feedback and setting goals thus improving productivity and job satisfaction. 

DEI Capabilities

In a workplace setting creating an atmosphere is crucial, through embracing diversity and fostering equity and inclusion (DEI). Employing technology that promotes DE I aids companies in maintaining fairness and inclusivity by identifying and rectifying biases while providing support to groups to ensure everyone feels appreciated and part of the team. 

Onboarding Optimization

The onboarding process is crucial for a positive employee experience. Technology can make onboarding better by offering personalized learning and helping new hires connect with others. This makes new employees feel supported and sets them up for success.

Exit Interview Diagnostics

During exit interviews companies gain insights into the reasons, behind employees departures.Technological advancements have the potential to enhance the effectiveness of interviews by posing relevant questions and evaluating responses.This enables organizations to grasp how they can improve to ensure employee satisfaction and commitment. 

Employee Surveys

Surveys are essential for understanding the persona’ experience. They can be annual, pulse, or always-on. Regular surveys help companies keep track of how employees feel and make changes to improve things. Surveys also let employees share their thoughts and ideas, making them feel more involved and engaged.

Technology and Benefits

Technology

Benefits

Employee Listening Tools

Gather real-time feedback, identify areas for improvement, foster open communication

Predictive Analytics

Identify patterns and trends, proactively address issues, optimize talent management strategies

Automated Workflows

Streamline HR processes, reduce administrative burdens, improve efficiency

DEI Capabilities

Create a more inclusive and equitable workplace, address biases, provide resources and support

Onboarding Optimization

Personalized learning paths, facilitate connections, ensure access to resources

Exit Interview Diagnostics

Standardized questionnaires, analyze data for common themes, generate actionable insights

Employee Surveys

Monitor workforce health, identify concerns, foster engagement and ownership

Types of employee experience surveys

Employee experience surveys are key for companies wanting to know how their staff feels. They help understand satisfaction, engagement, and well-being. By using different surveys at various stages, companies can get feedback and improve the work environment. Let's look at some common employee experience surveys and why they matter.

Engagement surveys

Employee engagement surveys assess the level of connection and dedication employees have towards their job responsibilities by examining factors such as job satisfaction, motivation levels and alignment, with company values. Conducting these surveys regularly helps identify both strengths and areas that require improvement ultimately contributing to an engaged and productive team. 

Candidate Reaction Surveys

Insights from candidate surveys provide information about the hiring process through the perspective of applicants aiding in the assessment of recruitment methods and the attraction of top tier talent while feedback, from candidates enhances the recruitment process and elevates the employers reputation. 

Onboarding Surveys

Newcomers surveys assess the effectiveness of welcoming and assisting staff members to enhance the orientation process and promote higher retention rates and faster adjustment to new job responsibilities. 

Training Feedback Surveys

Employee training assessments assess the effectiveness and influence of training programs by collecting input on the content and delivery methods used in training sessions to enhance employee learning and skill development. 

Performance Reviews

Assessing team performance through reviews is essential for goal setting and career development, in a company setting as it involves self evaluation and feedback from managers and colleagues to ensure alignment with organizational objectives. 

360 Reviews

360 degree evaluations provide an assessment of an employee's work performance from different perspectives and sources.They offer insights into strengths and areas for improvement while nurturing a culture of ongoing feedback and facilitating career advancement opportunities. 

Exit Surveys

When employees decide to leave their job and fill out exit surveys as part of the process it gives employers a chance to understand the reasons behind their departure. These surveys can reveal problems within the company's culture or management practices allowing for targeted improvements to enhance employee retention rates.

Salary and Compensation Enhancement Surveys 

The surveys assess how competitive the compensation and benefits packages are aiming to determine their perceived value and pinpoint any areas that could be enhanced for improvement purposes. Regularly conducting these surveys aids in making decisions based on data to attract and retain talented individuals effectively. 

Always-on Surveys

Continuous surveys give glimpses into how employees feel and stay engaged, at work.They are brief. Done often to get feedback in real time.These surveys assist in resolving concerns and nurturing a culture of ongoing enhancement. 

Survey Types

Survey Type

Purpose

Frequency

Engagement Surveys

Measure employee engagement and satisfaction

Annually or semi-annually

Onboarding Surveys

Evaluate the effectiveness of the onboarding process

30, 60, and 90 days after hire

Exit Surveys

Identify reasons for employee turnover

Upon employee departure

360 Reviews

Provide comprehensive feedback from multiple sources

Annually or as needed

Using a mix of these surveys helps companies understand their workforce's needs and challenges. The insights guide data-driven decisions, leading to better engagement, productivity, and satisfaction.

Skills for employee experience professionals

In today's business landscape where companies prioritize enhancing employee’s satisfaction and well being at work, the demand for professionals with expertise in employee experience is on the rise. These specialists possess skills tailored towards enhancing workplace culture and morale requiring a blend of interpersonal abilities and technical acumen to excel in their roles. 

Understanding and compassion are qualities for individuals in this role who must engage with the aspirations and desires of their team members effectively while also possessing strong communication abilities to effectively convey thoughts and concepts to a diverse audience. Data analysis skills are important too, as they help find ways to get better and measure success.

In these positions it is vital to oversee projects and adaptations.Positively steering projects requiring collaboration across multiple teams is key.It is essential to collaborate with departments such, as HR and IT to institute enduring transformations.The primary objective is to enhance the workplace experience and ensure it is enriching and satisfying for all individuals involved. 

FAQ

What is employee experience?

An employees experience (EX for short) encompasses every interaction and emotion they encounter while working for a company. From the recruitment process to their departure. This involves aspects such as the work environment itself along with the technology available to them at work as well as the overall workplace culture and their connections with coworkers and supervisors. 

Why is employee experience important?

Having an employee experience is key to boosting engagement levels and productivity while fostering loyalty within a company's workforce. Ultimately contributing to its success overall. When businesses invest in creating a work environment for their employees it not only attracts top talent but also retains them, fuels innovation and paves the way for achieving goals successfully. 

How does employee experience impact business outcomes?

A positive experience leads to better business results. It increases engagement, productivity, and retention. Companies with happy employees see lower turnover, better customer satisfaction, and improved finances.

What are the key stages of the employee experience?

The employee experience has several stages. These include attraction and recruitment, onboarding, development, performance management, and separation. Each stage offers chances to make a positive impact.

What are the three environments that influence employee experience?

Three environments shape employee experience: company culture, technology, and the physical workplace. Culture sets the values and beliefs. Technology includes digital tools. The workplace environment is the physical space and design.

How can organizations improve employee experience?

To improve experience, gather feedback through surveys and conversations. Focus on recognition, development, well-being, and work-life balance. Regularly update policies and technology to support employees.

What skills are important for employee experience professionals?

Key skills include empathy, communication, data analysis, and project management. EX professionals must collaborate, influence, and drive change. They aim to positively impact the employee experience.

How can technology support employee experience initiatives?

Technology is vital for employee experience. Tools like employee listening, predictive analytics, and DEI capabilities help. They gather feedback, streamline processes, and create an inclusive workplace.

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The Future of Sportsbooks: AI, Innovation, and the Human Touch - An Interview with Daniyar Imanbayev, Senior Sport Analyst at RISK.

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10 min
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September 24, 2024
A Sportsbook is a product, website, or platform (depending on how you refer to it) for accepting bets on sporting events. The betting industry as we know it today, with a vast number of live events, extensive outcome options, and live streaming, is relatively new.
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The importance of employee development in the modern workplace

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8 min
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September 20, 2024
96 percent of workers consider acquiring new skills essential; however only 26 percent believe their employers actively encourage their learning and development efforts. In the rapidly changing landscape of work environments and demands for continuous growth and improvement among staff have never been more crucial. The phenomenon known as the Great Resignation demonstrates that a significant number of individuals are seeking promising prospects, in other organizations. To remain competitive and retain talent in this dynamic environment companies should prioritize investing in employee training and advancement programs.
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SBC Summit Lisbon 2024: The Premier iGaming Event of the Year

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4 min
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September 18, 2024
The iGaming industry is excitedly looking forward to the SBC Summit Lisbon 2024, a significant event that will bring together key figures and innovators from various sectors of the industry. This summit goes beyond being a meeting – it presents a unique chance for participants to engage with the newest developments and breakthroughs that are influencing the direction of iGaming, in days ahead. The conference will showcase a variety of speakers sharing their expertise through interactive panel conversations and networking sessions for professionals in the field to exchange ideas and discuss successful approaches.
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Top 10 change management models: A comparison guide

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15 min
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September 12, 2024
Did you know that 70% of change efforts fail? This fact shows how crucial effective change management is today. Choosing the right model is key to success or failure in business changes. Change management helps plan, implement, and guide through changes. It aims to achieve goals with less resistance. It's vital for both small improvements and big digital changes.
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What is employee performance management? A complete guide

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9 min
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September 9, 2024
A recent study found that 74% of workers feel they're not reaching their full potential. This is because they don't get enough help at work. Effective employee performance management is key in today's competitive world. Companies that use performance management well are 1.5 times more likely to beat their competitors in making money. They are also 1.25 times more likely to see their employees work better.
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Talent Management: The Complete Guide

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10 min
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August 31, 2024
In today's fast-paced business world, having a strong talent management plan is key to success. It involves many HR processes and strategies to draw in, grow, motivate, and keep top employees. By using a full talent management system, companies can make their workforce better, boost employee involvement, and improve overall performance.
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Pre-employment Screening: Your Comprehensive Guide

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10 min
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August 23, 2024
Did you know 95% of employers check candidates before hiring? In today's job market, it's key to have a detailed pre-employment process. This ensures you make smart hiring choices and build a strong team. This guide will dive deep into pre-employment screening. We'll cover the types of tests and assessments out there. You'll learn how to pick the best ones for your company and get a checklist for the process. By the end, you'll know how to make your screening process better and hire the right people.
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Beyond the Odds: How RISK is Reshaping iGaming's Future - A Conversation with Perman Ishankulyiev, Head of Project.

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8 min
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August 21, 2024
In the fast-paced world of iGaming and betting, change is the only constant. As technology evolves and regulations shift, companies in this space must be agile, innovative, and forward-thinking to stay ahead. Our success at RISK is built on our ability to navigate this dynamic landscape with bold moves and smart strategies. But what's the secret behind our agility and innovation? To gain insight into the challenges and potential of this ever-changing landscape, we sat down with Perman Ishankulyiev, Head of Project at RISK. With his finger on the pulse of the industry and a track record of successful leadership, Perman offers a unique perspective on the future of iGaming and the role RISK is playing in shaping it.
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8 Powerful Examples of Employee Empowerment at Work

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7 min
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August 20, 2024
A recent survey showed that 74% of managers believe employee input greatly helps in making better decisions. This shows how important it is to empower employees at work. Companies like Patagonia, Spotify, and Starbucks see more engagement and loyalty when they focus on their employees first. By giving employees more control over their work, these companies create a happier and more creative team. This approach is known as employee empowerment. It means giving employees the power to make decisions and own their work. When done right, it boosts productivity, customer service, and keeps talented people around.
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How To Accept a Job Offer (With Steps, Example and Tips)

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7 min
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August 14, 2024
A recent survey by the Bureau of Labor Statistics found that 58% of job seekers have gotten at least one job offer. Accepting a job offer is a big step in your career. It starts a new chapter full of chances for growth. But, it can be tough, especially for newcomers or those out of practice. This guide will help you through the steps of accepting a job offer professionally. We'll give you an example email and tips for a smooth start in your new role. Follow these tips to accept your job offer with confidence and begin your new job well.
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4 Steps to Crafting Employee Development Plans That Fuel Success

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7 min
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August 7, 2024
Did you know that 94% of employees would stay at a company longer if it invested in their career development? In today's job market, employee development plans are key for companies to keep top talent. These plans help employees grow professionally and improve their skills. This benefits both the employee and the company.
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What is Organizational Development? A Complete Guide

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7 min
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August 2, 2024
Organizational development aims to make a company more competitive by creating unique strengths. These can be people, new products, top-notch service, or a special culture. It's different from random changes because it focuses on making the company better over time. In today's fast-changing world, being able to adapt is vital. That's why organizational development is more important than ever. It helps companies stay flexible and keep up with changes.
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The Evolution of HR: The Rise of Project Management in Human Resources

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7 min
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August 1, 2024
In recent years, the business world has witnessed a significant transformation in the role of Human Resources (HR) departments. No longer confined to traditional administrative tasks, HR has evolved into a strategic partner, playing a crucial role in shaping organizational success. This shift has given rise to a new and increasingly important position: the HR Project Manager. To understand this evolution and its implications, we turn to Yuliia Kushnir, HR Project Manager at RISK, for her insights and experiences.
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Examples of successful employer branding initiatives: deep review from Helen Velychko, RISK Employer Brand Manager.

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9 min
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July 30, 2024
Did you know 59% of employers now see employer branding as key to their HR strategy? Today, companies are investing heavily in strategies to attract top talent, showcasing their unique culture and what sets them apart. As RISK's Employer Brand Manager, Helen Velychko has developed a reputation for her pragmatic approach to employer branding. Her strategy involves studying successful initiatives across various industries, not just igaming, to find innovative ideas that could benefit RISK. Today, we'll explore some of the employer branding case studies that Helen finds particularly insightful.
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What Are Fringe Benefits and Should You Offer Them?

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6 min
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July 25, 2024
A whopping 68% of job seekers want to know what companies offer in benefits. Yet, 36% of HR pros say their company doesn't share this info at first. In today's job market, fringe benefits can make or break a job offer for top talent. Companies compete for skilled workers by offering great benefits to keep them. Fringe benefits, or employee benefits, are extra perks given by companies. These can be health insurance, retirement plans, paid vacation, and more. Some perks go to all staff, while others are for top executives or certain jobs. Companies use these benefits to draw in, motivate, and keep top talent.
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The CMO's Guide to Healthy Marketing: An Interview with Andrii Kariakin, RISK CMO

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6 min
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July 22, 2024
In today's fast-paced business world, understanding whether your marketing efforts are truly effective can be a challenge for many company leaders. To shed light on this crucial topic, we sat down with Andrii Kariakin, the Chief Marketing Officer at RISK, to discuss how executives can gauge the health of their marketing strategies and ensure they're on the right track.
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How to Manage and Resolve Conflict in the Workplace

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8 min
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July 18, 2024
A recent study found that 53% of employees ignore "toxic" work situations. This can hurt productivity and make people unhappy at work. Workplace conflicts can cost up to $359 billion a year. It's key for managers and HR to know how to solve these issues to keep the workplace healthy. Workplace conflicts often come from different opinions, competing goals, unclear expectations, feeling unfairly treated, or political and social disagreements. These conflicts can be about work or personal feelings. If not handled, they can make work less productive, lead to more people leaving, and even cause legal problems.
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Leadership vs. Management: 5 Tips to Become a Better Leader

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6 min
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July 15, 2024
A Gallup study showed that followers want trust, compassion, stability, and hope from their leaders. But, many articles focus on improving weaknesses instead of building on strengths. This overlooks the key difference between leadership and management, which are both crucial for success. While managers and leaders share some skills, it's important to know their main differences. Managers plan, organize, and direct to meet company goals. They set goals, budgets, and strategies to improve performance and productivity.
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9 Types of Employment Contracts You Should Know

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8 min
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July 12, 2024
There are many types of contracts, like part-time, fixed-term, and freelance ones. Each has its own pros and cons for both sides. Learning about them helps you make choices that fit your needs or goals, leading to better working relationships.
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Oleksiy Kaplunov: iGaming Interviews ► Risk Inc Blog

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7 min
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July 11, 2024
In the fast-paced world of iGaming, financial leadership plays a crucial role in steering companies towards success. We had the privilege of sitting down with Oleksiy Kaplunov, the Head of Finance at RISK, to gain insights into his approach to financial management, team building, and navigating the unique challenges of the igaming industry. In this candid interview, Oleksiy shares his thoughts on industry knowledge, the qualities of an ideal iGaming CFO, and strategies for maintaining work-life balance in a high-pressure environment.
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Strategic Workforce Planning 101: Framework & Process

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10 min
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July 3, 2024
Your organization's success depends on having the right team in place. More than 70% of companies see keeping their best people as a big challenge. This is where strategic workforce planning (SWP) comes in. It's about spotting any skills or knowledge gaps and making a plan to fill them. This ensures your team has everything they need to meet the company's goals now and in the future.
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Top 6 Communication Skills and How to Improve Them

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10 min
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June 28, 2024
Mastering communication skills is vital today. It's key for success in personal and professional life. Good communication helps build relationships and grow your career. Studies show our body language, like facial expressions, matters a lot too. At work, good communication is crucial. A Gallup report found 70% of a team's energy depends on the manager's skills. This says a lot about how leadership talks to the team. Working on these skills can make you shine in interviews and push your career forward.
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Employee Engagement Strategies for a Better Workplace Environment

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7 min
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June 27, 2024
Did you know only a small fraction of employees worldwide, 23%, and in the U.S., 33%, are "engaged"? This comes from Gallup's study. It shows how important engagement is at work. Engaged folks do more than just turn up. They are 17% more productive, make their companies 23% more money, and keep customers 10% more satisfied. These facts point to the big change better engagement can bring in every business.
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Engaging Generation Z in the Workplace: Strategies for Effective Internal Communication and Collaboration

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5 min
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June 27, 2024
As Generation Z enters the workforce, organizations must adapt their communication strategies to effectively engage and retain this unique demographic. Born between the mid-1990s and early 2010s, Gen Z is set to outnumber Millennials worldwide, making up 27% of the job market by 2025. Inna Kutsak, Senior Communications Manager at RISK, shares her insights on the secrets to successful communication with Gen Z employees.
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4 Types of Key Performance Metrics To Track

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10 min
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June 24, 2024
Did you know that comparing profitability metrics can help find key business changes? Looking at numbers, from how productive we are to what we sell, helps a lot. This way, we know where to aim for and what to change to get there.Measuring performance metrics is important for a few reasons. It helps us see our growth. It also lets us compare where we are now to where we want to be. And, it guides us in making smart moves to reach our goals. Understanding key performance metrics is key for any business's success. For example, knowing how productive we are and our profit margin is crucial. It helps businesses thrive and hit their strategic targets.
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The Best-Kept HR Secrets for Creating a 'Wow-Atmosphere' in the Digital Workplace

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6 min
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June 21, 2024
Insights from Yuliya Kushnir, RISK HR Project Manager, on Fostering Connection and Collaboration in the Digital Workplace In the ever-evolving landscape of modern work, where remote teams and digital communication are the norm, the role of HR professionals has never been more crucial. How do you build a company culture that thrives when employees are scattered across time zones and screens? How do you ensure that everyone feels connected, valued, and motivated?
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Employee Life Cycle: The Ultimate Guide

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8 min
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June 20, 2024
Did you know that most job seekers are attracted to organizations that look after their brand? The employee life cycle is key. It's about the whole journey between an employee and their workplace. This journey starts from hiring and lasts till they depart. Knowing about the employee life cycle helps a lot. It lets you connect with people at every step. This, in turn, helps you find the right talent, make employees happier, and boost your company's success. We are going to dig deep into each of the seven stages. And we'll share tips to make each stage the best it can be for your employees and your company.
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10 Essential Project Management Skills to Succeed

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6 min
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June 14, 2024
By 2026, the market for project management software is set to hit $17.5 billion. It will grow at a rate of 12% annually from 2021. This shows there's a big need for project managers who know their stuff. To turn your natural skills into a successful project management career, you need to work on 10 key skills.
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eNPS as a Key Element in Building Two-way Communication and Employee Loyalty

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5 min
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June 12, 2024
At RISK, a mantra echoes through our halls (well, virtual halls, as many of us work remotely): "People are our key value." It's not just a catchy slogan. It's the beating heart of our company culture, the guiding principle behind every decision we make. And that's why employee loyalty research, also known as eNPS, isn't just a box-ticking exercise for us – it's a window into the soul of RISK.
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The 10 Essential HR Metrics You Absolutely Need to Watch

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10 min
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June 6, 2024
Are your HR metrics helping lead your company to victory? In today's fast changing world, making choices based on data is key. This is especially true for businesses that want to keep and grow their top talent. So, what HR metrics are essential for getting useful info and boosting sustainable growth?
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Keeping Pace on the iGaming Track: Insights from Kazakhstan

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6 min
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June 6, 2024
In the rapidly evolving world of iGaming, staying ahead of the curve is crucial for success. At RISK, we pride ourselves on our ability to adapt to changing market conditions and capitalize on emerging opportunities. To gain a deeper understanding of the current state of the industry and our plans for the future, we sat down with Yuriy Kralyuk, theHead of Kazakhstan Region @RISK. In this candid conversation, Yuriy shared his insights on the trends shaping the iGaming market and how RISK is positioning itself for growth in 2024 and beyond.
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From Support to CRM Manager: The Inspiring Journey of Dmytro Tsapenko at RISK Company

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6 min.
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May 21, 2024
In the fast-paced world of the iGaming industry, where passion, vision, and strong values drive success, RISK Company shines as a beacon of excellence. At the core of RISK's remarkable story are our employees – the true heroes who continuously raise the bar, propel projects to new heights, and fearlessly embrace challenges. Today, we explore the inspiring journey of one such hero, Dmytro Tsapenko, whose unwavering dedication and passion have transformed his career and left an indelible mark on the company.
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Product Manager vs. Product Owner: Who's Who?

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12 min
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May 16, 2024
It’s very important to know the difference between a product owner and a product manager. This understanding helps teams meet their goals and make products customers love. Without clear roles, it's hard to get a project done well. Knowing what each role does makes teamwork better and tasks clearer.
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Navigating the Legal Landscape of AI-Generated Content in iGaming: Opportunities and Challenges

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8 min
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May 14, 2024
The rise of automated text creation presents significant opportunities for iGaming businesses to expand their reach and improve user engagement. By leveraging AI-powered tools, companies can generate vast amounts of content, such as game descriptions, promotional materials, and even personalized recommendations, in a fraction of the time it would take human writers. This efficiency enables iGaming platforms to cater to a wider audience and deliver tailored experiences that keep users coming back.
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The Metaverse: A Playground for the Future of Marketing

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10 min
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May 3, 2024
Imagine a world where you can step into a virtual store, design your perfect pair of custom sneakers with a virtual reality headset, and have them delivered to your doorstep – all without leaving your couch. Or, picture yourself attending a live soccer match with your friends from all over the globe, where you can cheer, communicate, and interact with the performers in a shared virtual space. That's the kind of future the metaverse promises, and it's fundamentally changing how businesses think about marketing.
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Mastering Expectation Management: Tips & Strategies

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10 min
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April 29, 2024
Expectation management is key for success. With these smart strategies and continuous updates, projects can stay on track. This creates a work culture filled with trust, teamwork, and always getting better.
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Unlocking Success in the iGaming World Essentials

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6 min
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April 29, 2024
In this article, we will delve into the essential insights that can navigate you for better understanding of the gambling world. We will explore the different factors that contribute to success in the gambling industry and provide expert guidance on how to navigate this competitive landscape.
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Boost Collaboration: 5 Tips to Improve Your Teamwork Efficiency

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5 min
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April 29, 2024
In the world of business, working well as a team is vital to success. Did you know effective teams are 5 times more likely to do well and meet their goals? By improving how we talk to each other and building a united team, companies can really boost their productivity.
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How Riskers elevate customer support and their careers

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4 min
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April 17, 2024
What comes to mind when you think of customer support? A corporate machine with constantly changing operators who read from scripts like robots. But if you look at the RISK support team, you’ll see the opposite picture: minimal turnover and support agents speaking in a simple language.
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The Riskers at Cannes Lions: How we back talents

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4 min
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March 20, 2024
Feeling like you’re stuck in the same old routine at work? Every specialist needs a breath of fresh air for inspiration now and then. Our team believes in the power of industry contests. This time, we’ll dive into Cannes Lions – the international festival of creative communications and advertising through the stories of our Riskers!
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The RISK Mindset: An Exclusive Interview with RISK CEO Max Potomkin

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5 minutes
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February 9, 2024
We're about to delve deep into the core of what drives the Riskers. Just as our team charts the course for the entire company, it's the backbone of our team that steers us through these waters. So, let's dive into a sneak peek of the wisdom shared by our captain, Max Potomkin, CEO of RISK.
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How to thrive on the edge

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5 minutes
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December 27, 2023
High-risk businesses demand more from their leaders.
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What kind of tribe is the Risk.Inc team?

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6 minutes
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December 26, 2023
People shape and move any company. What brings professionals from around the world together under one roof? Shared principles and values.
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