In times of uncertainty, particularly when there’s a financial crisis, work-share programs can serve as a temporary solution. But, these systems are not perfect. However, that doesn’t necessarily mean you should outright dismiss the option. Read on to learn more about the pros and cons of work-share programs. Biggest Downsides of Work-Shares As the nearby quote explains, work-share programs are offered by local governments to help small businesses in times of need. They give businesses the ability to reduce employee hours without having to resort to letting them go. As you might imagine, work-shares have their pros and cons. And, the first downside is that your business (or employees) might not qualify. If it does, another downside is that it could be more lucrative for team members to find alternative employment. Work-share programs let businesses temporarily reduce the hours of their employees, instead of laying them off during economic downturns. Technically referred to as short time compensation, the goal of work-sharing programs is to reduce unemployment. Work-sharing should not be confused with job sharing, which allows two part-time employees to share one full-time job. Instead, work-sharing allows a full-time worker’s hours to be reduced, in lieu of laying off the worker. —National Conference of State Legislatures Of course, if there’s an outright unemployment option that effectively supplies comparable or more compensation, that’s another downside. Then, there’s the matter of timing. Meaning, how long you’ll need the assistance and whether or not it’s sufficient to carry you and your employees through. Top Advantages of Work-Shares Now, there are obviously good things that come with work-share programs. These can be a real lifeline when you and your business needs it most. Here are some of the largest benefits of work-share programs: You can avoid layoffs. Okay, the most obvious advantage is the fact that you don’t have to resort to firing team members from your company. Work-share programs help you to keep your employees on the payroll, even if it’s a smaller one. It provides ongoing continuity. Another benefit is that your business can essentially carry on as usual (or as good as possible) for at least a short period of time. That can really help to save your business’ operations and keep productivity going. The arrangement helps maintain morale. Yet another upside to a work-share program is it helps to keep morale up since you’re keeping people employed and in a familiar work environment — even if it’s temporarily in another setting. You don’t have to start over again when it’s over. When the time comes to resume normal operations, the ability to retain employees helps you avoid having to hire all new staff and start over by training from scratch. What other pros and cons would you add to the list? Please comment and share your thoughts and experiences! Interested in learning more about business? Then just visit Waters Business Consulting Group.

Procrastination. It’s an ugly word. And, it plagues too many people. Procrastination is a very common phenomenon but it’s not necessarily a straightforward personality trait. Sure, there are serial procrastinators who put things off time and time again. But, even people who practice good daily habits can fall into the procrastination trap. It’s a bad thing because it causes you to rush and do something at the last-minute. Or, it can bite you because you put it on hold too long and now, it’s too late. Top Reasons Why People Procrastinate The truth is, people procrastinate for a variety of reasons. Sure, laziness is one reason but it’s certainly not the only culprit. It turns out fear is one of the most common causes. Either fear of failure or fear of success. Another reason is due to perfectionism. When you stop to think about this cause, it makes perfect sense. Then, there’s the matter of excitement or fulfillment. If it’s boring, it’s simply unattractive. With distractions at an arm’s reach at all times these days, it’s all too easy to find reasons to procrastinate. Don’t waste another second making excuses for the things you have to do. We put things off when there is something more challenging at hand. Instead of rising to the challenge and completing the task we have to do, we find smaller, insignificant activities to fill our time–telling ourselves that we’re getting something done. —Inc.com A lack of focus can also cause someone to put stuff off. Or, just low energy. Feeling like there’s no fuel in the tank is a big demotivator. Basically, the most common reasons for procrastination are negative feelings. Which means you can overcome the urge when it strikes. 3 Vital Steps to Stop Procrastinating There’s always something on our table we just do not want to do. It could be anything. The common thread is a form of fear or dread. This builds up the more it’s thought about, until it becomes overwhelming. And, while it nags in the distance, it’s common to indulge in busy work to keep it at bay. But, it doesn’t have to get the best of you. Here are three vital steps for overcoming procrastination: Put the hardest thing first. Eat your vegetables. It’s one of the single best ways to ward off procrastination. When you do the hardest or least appealing work first, you get it out-of-the-way. And, you can then move onto something more enjoyable. Break it up into small steps. Not every task or project can realistically be completed in one day. If this is the case, do it first but don’t do it all at once. Instead, do it incrementally over a given period. This way, you’ll see progress and have less and less to complete as you go along. Create a realistic, actionable schedule. To beat the urge to procrastinate, you need to go by a realistic, actionable schedule. One that you can follow and tick off the accomplishments, one by one. Have you beat procrastination? What other strategies would you suggest using? Please share your experiences and thoughts on how to tackle procrastination. Interested in learning more about business productivity? Then just visit Waters Business Consulting Group.