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In Uncertain Economic Times, Effective HR Cost Optimization Requires Strategic Planning, Says Global HR Advisory Firm McLean & Company

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While organizations adapt to fluctuating economic conditions, HR must carefully manage HR team costs to ensure that spending remains fully aligned with organizational strategy and expected business value as part of its role as a strategic organizational partner, according to newly published insights from global HR research and advisory firm McLean & Company. 

TORONTO, June 6, 2024 /PRNewswire/ – In the face of global economic uncertainty, many organizations are bracing for slow growth over the coming years. While organizations adapt to tumultuous economic conditions, HR finds itself under pressure to not only retain top talent but also demonstrate tangible value, align strategically with organizational goals, and carefully manage HR costs. According to a new blueprint from global HR research and advisory firm McLean & Company, Optimize HR Costs, as organizations seek to manage costs, committing to proactive cost optimization as a strategic HR practice will support resource and cost management and showcase HR’s contribution to the organization.

“Especially in times of economic pressure, cost optimization can quickly lead to cost-cutting, which ultimately perpetuates the unhelpful ‘do more with less’ cycle,” says Lexi Hambides, director of HR Research & Advisory Services at McLean & Company. “While resourcefulness and cost optimization are important skills for HR leaders, it is a disservice to both the HR team and the organization at large to accept this ‘more with less’ challenge without advocating for optimal team workloads and investment for the future.”

The firm’s resource explains that, although cost optimization is often used interchangeably with cutting costs, cost optimization is a much more comprehensive and strategic decision-making process that includes reducing unwarranted HR spending, optimizing cost-to-value, and sustaining cost optimization results. While cost optimization is proactive in nature, changes in the financial landscape can lead to unanticipated budget cuts and cost-cutting mandates. McLean & Company advises that a comprehensive cost optimization plan for HR includes a balance of both proactive and reactive initiatives, allowing for strategic, data-informed decisions in advance of future cost-cutting mandates.

Using evidence-based insights, the recently published blueprint from McLean & Company includes the firm’s three-step process to optimize HR costs. HR leaders can follow the steps below to support the strategic alignment of HR spending with organizational strategy while managing finances proactively before reactive and aggressive measures are required:

Prepare and evaluate. Evaluate factors that impact the organization’s financial outcomes, establish HR cost optimization goals, and select metrics to monitor progress.Uncover and prioritize cost optimization initiatives. Determine negotiable and non-negotiable constraints, brainstorm and shortlist cost optimization initiatives, and identify the criteria that will impact the implementation of said initiatives. Next, create a cost optimization roadmap.Communicate and iterate. Plan strategic and tactical communications, build an executive presentation, and align communication to promote strategic change management. Finally, plan to monitor progress and outcomes of the cost optimization initiatives.

A comprehensive breakdown of each step is available in the complete blueprint.

McLean & Company reminds HR leaders that metrics may signal that cost optimization objectives have been achieved, but cost optimization is a never-ending business discipline. As such, embedding cost optimization practices into HR’s culture showcases HR as a strategic steward of resources and reinforces its position as a strategic leader across the organization, whether in uncertain or stable economic environments.

To access the full blueprint, please visit Optimize HR Costs.

McLean & Company is also pleased to provide a related resource to help HR leaders make informed cost reduction decisions that promote HR’s role as a strategic partner. To access the full resource, please visit Reduce HR Costs in Times of Financial Pressure.

To attend upcoming free webinars on a variety of topics or explore the publicly available archive of recorded sessions, please visit McLean & Company’s webinars page

McLean Signature 2024

To register for Signature, the premier industry conference for future-focused HR leaders hosted by McLean & Company from October 27 to 29 at the Red Rock Casino Resort & Spa in Las Vegas, Nevada, please visit the official Signature event page.

Media interested in connecting with McLean & Company analysts for exclusive, research-backed insights and commentary on psychological safety in the workplace, DEI, generative AI in HR, HR trends in 2024, the future of work, and more can contact Senior Communications Manager Kelsey King at kking@mcleanco.com

About McLean & Company

McLean & Company pairs evidence-based research and immediately applicable tools with deep HR expertise to position organizations to meet today’s needs and prepare for the future. The global HR research and advisory firm’s member organizations enjoy comprehensive resources, full-service diagnostics, workshops, action plans, and advisory services for all levels of HR professionals, from executive leadership to HR leaders to HR team members, that help shape workplaces where everyone thrives.

McLean & Company is a division of Info-Tech Research Group.

Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact kking@mcleanco.com.

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SOURCE McLean & Company

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Stop Overpaying for Commercial Energy! Here’s How Your Business Can Cut Costs Today

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Bid On Energy Helps Businesses Secure Lower Commercial Energy Rates and Control Operating Costs

LEWES, Del., Nov. 9, 2024 /PRNewswire-PRWeb/ — As commercial energy rates continue to rise, businesses are feeling the pressure on their operating costs. Many companies are unknowingly overpaying for energy, despite better options available in deregulated markets. Bid On Energy, a leading commercial energy consultant platform, is here to change that. By using a unique auction-based approach, Bid On Energy enables businesses to access the best commercial electricity and commercial natural gas rates, helping them save money and stay competitive.

“Our mission is to simplify energy procurement so businesses can secure the best possible rates without spending hours negotiating or comparing options. With Bid On Energy, they can save on their bottom line with a few simple steps.” said Alan, CEO at Bid On Energy.

Why Businesses are Overpaying – And How Bid On Energy Can Help

In today’s volatile energy market, commercial rates can vary significantly depending on the supplier and contract terms. For businesses relying on traditional energy providers, these variations often mean higher costs and inflexible contracts. Bid On Energy offers a straightforward solution, using a transparent bidding platform that gives businesses access to competitive rates from a range of suppliers. This process drives suppliers to offer their best prices, allowing companies to lock in affordable energy rates tailored to their needs.

“Many business owners don’t realize they have a choice when it comes to their energy supplier,” said Alan, CEO at Bid On Energy. “Our mission is to simplify energy procurement so businesses can secure the best possible rates without spending hours negotiating or comparing options. With Bid On Energy, they can save on their bottom line with a few simple steps.”

How It Works: Competitive Bidding for Energy Savings – The Bid On Energy platform guides businesses through a simple four-step process:

Step 1. Energy Needs Assessment: Businesses share their energy needs and usage patterns with Bid On Energy’s team, helping to identify the most cost-effective supplier options.

Step 2. Supplier Bidding: Bid On Energy hosts a reverse auction, allowing energy suppliers to compete by submitting their best rates and contract terms.

Step 3. Transparent Comparison: Businesses can easily compare rates, contract lengths, and other terms from multiple suppliers in real-time.

Step 4. Seamless Transition: After selecting a supplier, Bid On Energy assists with contract finalization and transition, ensuring a smooth experience and ongoing support.

This approach not only provides cost savings but also makes the energy procurement process easier and more efficient for businesses of all sizes.

A Real Solution for Managing Energy Expenses – In an era where energy costs are rising and businesses are looking for every possible advantage to manage expenses, Bid On Energy provides a crucial service. By offering expert guidance, risk management, and flexible contract options, Bid On Energy gives businesses control over their energy expenses, making it easier to predict and plan for the future.

Stop overpaying for commercial energy today! Businesses ready to reduce their energy costs and take advantage of competitive bidding can learn more by visiting Bid On Energy’s website and scheduling a free consultation. With Bid On Energy, the savings start with a single step. Visit https://BidOnEnergy.org or contact their team at (302) 360-8110 to see how much your business could save.

About Bid On Energy

Bid On Energy is a commercial energy consultant that connects businesses with competitive rates for electricity and natural gas. Using an auction-based platform, Bid On Energy empowers businesses to secure the best rates, optimize energy expenses, and streamline procurement. Serving industries such as manufacturing, healthcare, retail, and real estate, Bid On Energy is committed to helping businesses thrive in today’s deregulated energy markets.

Contact:

Bid On Energy

Phone: (302) 360-8110

Website: https://BidOnEnergy.org

Media Contact

Alan, Bid On Energy – Commercial Electricity, 1 3023608110, admin@bidonenergy.org, https://bidonenergy.org/

View original content to download multimedia:https://www.prweb.com/releases/stop-overpaying-for-commercial-energy-heres-how-your-business-can-cut-costs-today-302299649.html

SOURCE Bid On Energy – Commercial Electricity

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CloudOne Digital Appoints Packet Cofounder and Former Equinix Executive Zach Smith to Board of Directors to Drive Growth in Bare Metal and Hybrid-Cloud Solutions

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ATLANTA, Nov. 9, 2024 /PRNewswire/ — CloudOne Digital, a leader in cloud-based infrastructure solutions, proudly announces the appointment of Zachary Smith to its Board of Directors. With a storied career including impactful roles at Packet and Equinix, Smith brings extensive expertise in building and scaling cloud infrastructure, especially in high-performance bare metal platforms. Smith joins CloudOne Digital to advance the company’s suite of solutions, catering to mid-sized businesses across tech, ecommerce, healthcare, gaming, and professional services.

The demand for cloud and bare metal solutions continues to surge, valued at USD 8.44 billion in 2023 and is projected to grow at a CAGR of 23.9% from 2024 to 2030 (Grand View Research). This growth will be fueled by the rapidly increasing need for high performance compute, further adoption of cloud hosting, and the growing demand for artificial intelligence (AI) and machine learning (ML) capable infrastructure. Carlo Padovano, Managing Director at One Equity Partners, says “We couldn’t be more excited to welcome Zachary to our team. He’s an invaluable leader to help us capitalize on the growth opportunities within bare metal and cloud hosting.”

For over 20 years, Smith has been a leader in the digital infrastructure and cloud computing ecosystem. Smith started his career as an early partner at New York-based Voxel dot Net, a Linux-based cloud and software platform sold to Internap in 2011. In 2014, he co-founded Packet to empower technology-enabled enterprises with automated bare metal compute capabilities. Backed by SoftBank, Dell Technologies, Third Point, and Battery Ventures, the business became the leader in bare metal compute automation and was acquired by Equinix in March 2020. Smith led the strategy, product, and integration efforts for Equinix’s bare metal compute and edge services platform until he left the company in early 2023.

Jim Geiger, Chief Executive Officer of CloudOne Digital, comments, “Zach’s wealth of experience and pioneering approach to infrastructure solutions perfectly align with our goal of becoming the preferred provider for businesses taking the next step with their critical infrastructure, digital platforms, and hybrid cloud needs. His expertise will undoubtedly help propel CloudOne Digital’s vision of being a leader in the multi-cloud world.”

“CloudOne Digital is building a breadth of cloud and bare metal solutions that is unmatched in the marketplace,” says Smith. “Joining an ambitious team to build a product suite that will grow mid-market and enterprise businesses is exciting. CloudOne Digital empowers businesses to deploy data-intensive applications with greater efficiency and scalability, transforming what’s possible in the digital era.”

“We’re thrilled to have someone of Zachary’s caliber and expertise join our team at CloudOne Digital. His expertise in driving scale via bare metal technology aligns perfectly with our mission to empower businesses with reliable, secure, and innovative hosting solutions,” says Nick Dvas, President of Servers.com

“I’m excited to join the CloudOne Digital team and contribute to its vision of providing agile, robust, and optimized infrastructure,” says Smith. “The possibilities at CloudOne Digital to accelerate bare metal and cloud solutions are boundless, and I’m eager to help the team drive this transformation.”

About CloudOne Digital

CloudOne Digital, a portfolio company of One Equity Partners (OEP), is an innovative portfolio of cloud-based solutions tailored to the needs of online businesses. Serving small entrepreneurs to mid-market enterprises, to platform providers in AdTech, FinTech, Gaming, iGaming, and streaming verticals, CloudOne provides infrastructure and cloud capabilities that meet the demands of growing online businesses through its two largest brands Servers.com and Liquid Web. With a customer-centric approach, CloudOne’s solutions offer the reliability, scalability, and support essential for business success in a competitive digital world.

For media inquiries, please contact:
Name: Isaac Douglas
Title: CRO, servers.com
Email: Isaac@servers.com

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SOURCE CloudOne Digital

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VIAIM Receives Shopee Trending Shop Recognition with Its Innovative Air and Nano+ Earbuds Taking Center Stage

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SINGAPORE, Nov. 9, 2024 /PRNewswire/ — VIAIM, an AI technology hardware company deeply rooted in the smart office sector, has once again become a popular choice on Singapore’s Shopee platform for the upcoming Double 11 shopping festival with its high-quality products and cutting-edge technology, including its best-selling Air and Nano+ conference recording earbuds. The world-renowned brand has been recognized as a Shopee Trending Shop just in time for the big retail festival, and also ranked second in sales ahead of six other major headphone brands. This reflects Singaporean consumers’ strong recognition of the quality and high functionality of its Nano+ and Air series of earbuds.

The certification given by the Shopee is based on a comprehensive evaluation of VIAIM’s Shopee store, and includes metrics such as operating data, sales, and buyer preferences, among others. VIAIM’s second place among the top six headphone brands reflects the brand’s popularity, strong consumer recognition, and high customer satisfaction levels in Singapore.

Mr.Ma,CEO of VIAIM, commented: “We are honored to receive this recognition from Shopee, and it is because of the trust and loyalty of our customers that we have received it, so I want to personally thank them for this. People are using our products and there is no better recognition than this. For this Double 11 Festival, VIAIM is yet again leading the way with our strong tech innovation and product excellence that continue to bring a new and improved artificial intelligence conference recording experience to users around the world.”

The VIAIM Nano+ and Air series earbuds are redefining efficiency with their versatile functionality, featuring three distinct recording modes: call recording, on-site recording, and audio and video recording. Supporting 13 languages for real-time transcription and translation, including Malay and Thai, the earbuds cater to a diverse and international user base, particularly in Southeast Asia.

Powered by VIAIM AI, the earbuds effortlessly extract summaries and key points from lengthy articles, helping business professionals and students save time and retain critical knowledge. Their advanced 45dB deep noise reduction ensures crystal-clear sound quality in any environment, while the Flash Record feature captures every moment seamlessly. With dual-device connectivity and an impressive 40-hour battery life, these lightweight earbuds provide a comfortable, all-day listening experience without interruptions.

Designed to solve real-world challenges, from simplifying multilingual communication to enhancing productivity, the VIAIM Nano+ and Air series stand out as essential tools for modern professionals and students. Whether you’re leading a meeting, studying for exams, or navigating cross-cultural exchanges, these earbuds are your trusted companion for achieving more, faster, and with ease.

Time is running out as the Double 11 festival approaches. From November 10 at 8 p.m. to November 13 at 11:59 p.m.,VIAIM is offering exclusive limited-time discounts. Head to VIAIM’s Shopee and Lazada stores to grab special deals on the Nano+ conference recording earbuds and Air earbuds. Don’t miss out—shop now to boost your work efficiency!

About VIAIM

VIAIM is an innovative technology company in the consumer-goods sector. With a focus on versatile, multimodal interactions, we strive to provide effective solutions that meet users’ specific needs. By harnessing state-of-the-art technology, we bring our visionary ideals to life, helping people embrace the incredible possibilities the Company offers.

CONTACT: Qian Wang, wangqian@vision-intelligence.tech 

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SOURCE VIAIM

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