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How to Improve Internal Team Communication

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Deanna Ritchie


The quality and consistency of your internal team communications have the power to change your business for the better or the worse. With more fluid, clearer forms of interaction, your team members will collaborate more effectively and improve overall productivity. With lapses in timing, phrasing, and clarity, your entire operation could collapse.

So what steps can you take to improve internal team communications?

Diagnose Potential Problems

The first thing you should do is take a moment to diagnose potential problems.

Have you noticed anything going wrong in your organization that can be traced back to communication inefficiency? Is there a measurable metric that has dropped off due to a specific type of communication problem? If so, this is your chance to apply specific fixes to whatever problem ails you.

For example, if you’ve noticed an increase in customer churn, it could be a signal that your customer service agents aren’t clear about their responsibilities or that they aren’t handling customer support communications in an adequate way.

Revisiting your scripts, SOPs, team meeting protocols, and other customer service department internal communications could help abate the issue.

Establish Strong Leaders

Whether it’s conscious, unconscious, or a mix of both, people tend to mimic the style and approach of their leaders.

Accordingly, it pays to establish strong leadership throughout your organization to set a standard for effective communication. If your leaders consistently communicate, and they communicate in clear, concise ways, they’ll set a powerful example that all the rest of your employees can follow.

There are two approaches that can help you here.

  • First, you can prioritize effective communicators when considering promotions and when hiring new leadership candidates. If someone consistently offers clarity and focused messaging, they should have a better chance of getting into a leadership position than a less effective counterpart.
  • Second, you can provide more training and education to your existing leaders. Communication courses and seminars, along with deliberate practice, can turn almost anyone into an effective communicator.

Create Multiple Communication Channels (And Use Them Appropriately)

Make use of many different communication channels. Different communication channels offer different strengths and weaknesses, and can be used in different contexts to communicate better.

If all these tools are available to your employees, and they know how to use each one to its fullest potential, your internal communications are going to be much stronger.

Digital Signage

With the help of digital signage software, you can display almost any kind of visual or text you want — and you can rotate through various different messages on your digital signs. Throughout the office, your screens can provide consistent reminders, advisements of current conditions, instructions, updates, and more. It’s an easy way to get everyone in the workplace on the same page.

Email

Email is one of the most common forms of workplace communication because it’s permanent, instant, and written. However, it’s not the best platform for an ongoing dialogue, nor is it ideal for expressing complex ideas.

Chat

Chat platforms make it easy to ask quick questions and enjoy a reciprocal dialogue, but they can also be distracting. Nobody wants to be pulled into chats all day, but this is an effective communication tool when you use it to its fullest extent.

Calls/Video Conferences

Calls and video conferences are good for coordinating many different people and holding complex dialogues. However, they tend to be time consuming, and they can quickly go off the rails if you have too many participants. They should be used sparingly and with intentionality.

Social Media

Even social media has a place in your internal communications strategy. When used correctly, it can facilitate stronger bonds between your employees and provide an informal, easy way to reach someone.

Create Consistent Workflows for Project and Task Management

How are people supposed to communicate about high-level projects and low-level tasks?

For example, is there a template you can use to describe a project? Who is responsible for communicating about the details of a project? When an employee completes a task, what information should they give about the task completion?

If you don’t have clear workflows and protocols for project and task management, it’s quickly going to turn to chaos, since each individual will bring their own style and approach to the group.

Strive for a consistent process that everyone can follow.

Onboard and Train Your New Hires

Onboarding and training is a critical opportunity to teach employees about the fundamentals of effective internal communication.

Set expectations for when and how they’re supposed to communicate and consider providing additional education and training to any new hires that seem to be struggling.

Utilize Team-Building Events

Team-building events are an excellent opportunity to improve communication skills between your employees.

During these events, employees are usually tasked with some sort of competitive or collaborative challenge that requires them to communicate with each other in order to succeed. It’s excellent communication practice that can reveal critical weaknesses. Perhaps most importantly, it gives your employees a chance to bond with each other and get to know each other better.

Employ More Visual Forms of Communication

Mastering written language is always beneficial, but most people prefer visual forms of communication.

Visual forms of communication are faster, easier to understand, and for the most part, more intuitive. Seeing data visually represented in a graph is much smoother than having someone rattle off a bunch of numbers to you.

You can improve internal communications in your workplace by employing more visual forms of communication. Photos, illustrations, diagrams, and even simple things like facial expressions and body language can help communicate your points.

Look for Coaching and Teaching Opportunities

Not all of your employees will be strong communicators by default. That’s perfectly okay.

Anyone can become a better communicator if they have the right coaching and practice. When you notice a team member falling behind, or struggling with a specific aspect of communication, pull them aside and treat this as a coaching or teaching opportunity. What, specifically, is this person doing wrong? What steps can they take to make it better?

Recognize Individual Strengths and Weaknesses

It’s also important to recognize that good communication isn’t an objective universal standard. Different people communicate in different ways, and that’s perfectly acceptable.

Someone who has mastered the written word might struggle in an active conversation, while a fluent, eloquent conversationalist might not be skilled at typing a coherent email.

Part of your job as a communication leader is to recognize these individual strengths and weaknesses, and cater to them. Put people in positions that allow them to use their unique communication skills as effectively as possible — and try to help those people learn how to compensate for their weaknesses.

Don’t Overwhelm Your Employees

It’s important to avoid overworking or overloading your employees.

There are many strategies and tools in this guide that you can use to help your employees become better communicators. However, if you bombard them with new communication requirements and overload them with training, it’s probably not going to stick.

Better internal communication is something that develops over time, so it’s a good idea to take baby steps and a more iterative, forgiving approach.

Gather Feedback

At all levels, consider collecting feedback from your employees and team leaders.

In what areas are they satisfied with internal communications? What types of internal communications are the frequent target of complaints? In this way, you can get a better feel for the internal communications “pulse” of your organization — and you can become much more targeted in your communication improvement strategy.

With these strategies, and plenty of patience, you should be in a position to see steady improvements in the clarity and efficiency of your internal team communications. Once you have a solid foundation, better internal communication will likely self-perpetuate. Good communication fundamentals will become baked into your company culture. This makes it much easier to remain consistent and onboard new team members.

That doesn’t mean you can stop paying attention to internal communications — but you can afford to take a moment to celebrate the win.

Featured Image Credit: Felicity Tai; Pexels. Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

Politics

Fintech Kennek raises $12.5M seed round to digitize lending

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Google eyed for $2 billion Anthropic deal after major Amazon play


London-based fintech startup Kennek has raised $12.5 million in seed funding to expand its lending operating system.

According to an Oct. 10 tech.eu report, the round was led by HV Capital and included participation from Dutch Founders Fund, AlbionVC, FFVC, Plug & Play Ventures, and Syndicate One. Kennek offers software-as-a-service tools to help non-bank lenders streamline their operations using open banking, open finance, and payments.

The platform aims to automate time-consuming manual tasks and consolidate fragmented data to simplify lending. Xavier De Pauw, founder of Kennek said:

“Until kennek, lenders had to devote countless hours to menial operational tasks and deal with jumbled and hard-coded data – which makes every other part of lending a headache. As former lenders ourselves, we lived and breathed these frustrations, and built kennek to make them a thing of the past.”

The company said the latest funding round was oversubscribed and closed quickly despite the challenging fundraising environment. The new capital will be used to expand Kennek’s engineering team and strengthen its market position in the UK while exploring expansion into other European markets. Barbod Namini, Partner at lead investor HV Capital, commented on the investment:

“Kennek has developed an ambitious and genuinely unique proposition which we think can be the foundation of the entire alternative lending space. […] It is a complicated market and a solution that brings together all information and stakeholders onto a single platform is highly compelling for both lenders & the ecosystem as a whole.”

The fintech lending space has grown rapidly in recent years, but many lenders still rely on legacy systems and manual processes that limit efficiency and scalability. Kennek aims to leverage open banking and data integration to provide lenders with a more streamlined, automated lending experience.

The seed funding will allow the London-based startup to continue developing its platform and expanding its team to meet demand from non-bank lenders looking to digitize operations. Kennek’s focus on the UK and Europe also comes amid rising adoption of open banking and open finance in the regions.

Featured Image Credit: Photo from Kennek.io; Thank you!

Radek Zielinski

Radek Zielinski is an experienced technology and financial journalist with a passion for cybersecurity and futurology.

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Politics

Fortune 500’s race for generative AI breakthroughs

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Deanna Ritchie


As excitement around generative AI grows, Fortune 500 companies, including Goldman Sachs, are carefully examining the possible applications of this technology. A recent survey of U.S. executives indicated that 60% believe generative AI will substantially impact their businesses in the long term. However, they anticipate a one to two-year timeframe before implementing their initial solutions. This optimism stems from the potential of generative AI to revolutionize various aspects of businesses, from enhancing customer experiences to optimizing internal processes. In the short term, companies will likely focus on pilot projects and experimentation, gradually integrating generative AI into their operations as they witness its positive influence on efficiency and profitability.

Goldman Sachs’ Cautious Approach to Implementing Generative AI

In a recent interview, Goldman Sachs CIO Marco Argenti revealed that the firm has not yet implemented any generative AI use cases. Instead, the company focuses on experimentation and setting high standards before adopting the technology. Argenti recognized the desire for outcomes in areas like developer and operational efficiency but emphasized ensuring precision before putting experimental AI use cases into production.

According to Argenti, striking the right balance between driving innovation and maintaining accuracy is crucial for successfully integrating generative AI within the firm. Goldman Sachs intends to continue exploring this emerging technology’s potential benefits and applications while diligently assessing risks to ensure it meets the company’s stringent quality standards.

One possible application for Goldman Sachs is in software development, where the company has observed a 20-40% productivity increase during its trials. The goal is for 1,000 developers to utilize generative AI tools by year’s end. However, Argenti emphasized that a well-defined expectation of return on investment is necessary before fully integrating generative AI into production.

To achieve this, the company plans to implement a systematic and strategic approach to adopting generative AI, ensuring that it complements and enhances the skills of its developers. Additionally, Goldman Sachs intends to evaluate the long-term impact of generative AI on their software development processes and the overall quality of the applications being developed.

Goldman Sachs’ approach to AI implementation goes beyond merely executing models. The firm has created a platform encompassing technical, legal, and compliance assessments to filter out improper content and keep track of all interactions. This comprehensive system ensures seamless integration of artificial intelligence in operations while adhering to regulatory standards and maintaining client confidentiality. Moreover, the platform continuously improves and adapts its algorithms, allowing Goldman Sachs to stay at the forefront of technology and offer its clients the most efficient and secure services.

Featured Image Credit: Photo by Google DeepMind; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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Politics

UK seizes web3 opportunity simplifying crypto regulations

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Deanna Ritchie


As Web3 companies increasingly consider leaving the United States due to regulatory ambiguity, the United Kingdom must simplify its cryptocurrency regulations to attract these businesses. The conservative think tank Policy Exchange recently released a report detailing ten suggestions for improving Web3 regulation in the country. Among the recommendations are reducing liability for token holders in decentralized autonomous organizations (DAOs) and encouraging the Financial Conduct Authority (FCA) to adopt alternative Know Your Customer (KYC) methodologies, such as digital identities and blockchain analytics tools. These suggestions aim to position the UK as a hub for Web3 innovation and attract blockchain-based businesses looking for a more conducive regulatory environment.

Streamlining Cryptocurrency Regulations for Innovation

To make it easier for emerging Web3 companies to navigate existing legal frameworks and contribute to the UK’s digital economy growth, the government must streamline cryptocurrency regulations and adopt forward-looking approaches. By making the regulatory landscape clear and straightforward, the UK can create an environment that fosters innovation, growth, and competitiveness in the global fintech industry.

The Policy Exchange report also recommends not weakening self-hosted wallets or treating proof-of-stake (PoS) services as financial services. This approach aims to protect the fundamental principles of decentralization and user autonomy while strongly emphasizing security and regulatory compliance. By doing so, the UK can nurture an environment that encourages innovation and the continued growth of blockchain technology.

Despite recent strict measures by UK authorities, such as His Majesty’s Treasury and the FCA, toward the digital assets sector, the proposed changes in the Policy Exchange report strive to make the UK a more attractive location for Web3 enterprises. By adopting these suggestions, the UK can demonstrate its commitment to fostering innovation in the rapidly evolving blockchain and cryptocurrency industries while ensuring a robust and transparent regulatory environment.

The ongoing uncertainty surrounding cryptocurrency regulations in various countries has prompted Web3 companies to explore alternative jurisdictions with more precise legal frameworks. As the United States grapples with regulatory ambiguity, the United Kingdom can position itself as a hub for Web3 innovation by simplifying and streamlining its cryptocurrency regulations.

Featured Image Credit: Photo by Jonathan Borba; Pexels; Thank you!

Deanna Ritchie

Managing Editor at ReadWrite

Deanna is the Managing Editor at ReadWrite. Previously she worked as the Editor in Chief for Startup Grind and has over 20+ years of experience in content management and content development.

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