{"id":5637,"date":"2020-12-06T09:18:27","date_gmt":"2020-12-06T01:18:27","guid":{"rendered":"https:\/\/dollarsandsense.sg\/business\/?p=5637"},"modified":"2020-12-06T09:18:29","modified_gmt":"2020-12-06T01:18:29","slug":"covid-19-has-changed-conversations-in-the-office-this-year-end-business-roundup-6-dec-2020","status":"publish","type":"post","link":"https:\/\/dollarsandsense.sg\/business\/covid-19-has-changed-conversations-in-the-office-this-year-end-business-roundup-6-dec-2020\/","title":{"rendered":"COVID-19 Has Changed Conversations In The Office This Year-End \u2013 Business Roundup (6 Dec 2020)"},"content":{"rendered":"\n<p>At the start of the year, as&nbsp;&nbsp;COVID-19 restrictions and economic impacts first began, many of us thought it would be business as usual by the end of the year. Guess what \u2013 it is the end of the year, and things look far from going back to normal.<\/p>\n\n\n\n<h3 id=\"conversations-are-happening-outside-the-office-whether-we-like-it-or-not\"><strong>Conversations Are Happening Outside The Office \u2013 Whether We Like It Or Not<\/strong><\/h3>\n\n\n\n<p>For starters, the headline may not be entirely accurate. Conversations are no longer just being held in the office, it\u2019s everywhere now. Work-related conversations have permeated our social lives, including on our personal text messaging apps and during non-work hours.&nbsp;<\/p>\n\n\n\n<p>It hasn\u2019t just become more acceptable, but it\u2019s also more convenient for work-related conversations to be held this way.<\/p>\n\n\n\n<p><strong><em>Read Also:&nbsp;<\/em><\/strong><a href=\"https:\/\/dollarsandsense.sg\/business\/10-ways-covid-19-impacted-singapore-workers-mom-labour-force-in-singapore-advance-release-2020\/\"><strong><em>10 Ways COVID-19 Impacted Singapore Workers: MOM Labour Force In Singapore Advance Release 2020<\/em><\/strong><\/a><\/p>\n\n\n\n<h3 id=\"your-business-space-requirements-has-changed-regardless-of-how-covid-19-impacted-you\"><strong>Your Business Space Requirements Has Changed \u2013 Regardless Of How COVID-19 Impacted You<\/strong><\/h3>\n\n\n\n<p>When employees converse, another topic on the grapevine will be about office locations. The need for physical office space has drastically changed since the start of the year. Some companies urgently need to save costs on their office space, as they\u2019ve let many workers go to keep afloat. These companies will be looking at smaller office spaces or in less prime locations.<\/p>\n\n\n\n<p>Other companies have managed to ride the COVID-19 wave to expand. Leveraging on digital trends accelerating in the workforce, these companies may need more space for more people even if they\u00a0embrace work from home.<\/p>\n\n\n\n<p>Yet another group of companies will be looking at whether a&nbsp;<a href=\"https:\/\/dollarsandsense.sg\/business\/complete-guide-finding-perfect-co-working-space-your-business-in-singapore\/\">co-working space<\/a>&nbsp;may make sense. They could be considering a hybrid model of working from an office and from home.<\/p>\n\n\n\n<p><strong><em>Read Also:&nbsp;<\/em><\/strong><a href=\"https:\/\/dollarsandsense.sg\/business\/hot-desk-hotels-free-facilities-cafes-lounges-5-alternative-offices-to-work-from\/\"><strong><em>Hot Desk; Hotels; Free Facilities; Cafes; Lounges: 5 \u201cAlternative\u201d Offices You Can Work From<\/em><\/strong><\/a><\/p>\n\n\n\n<h3 id=\"whats-going-to-happen-to-annual-leaves\"><strong>What\u2019s Going To Happen To Annual Leaves?<\/strong><\/h3>\n\n\n\n<p>Typically, year-end is when employees get to clear their annual leaves by taking a well-deserved break. Going on a holiday and spending time with their loved ones are things people look forward to all year.<\/p>\n\n\n\n<p>Of course, this year will be drastically different. Employees have less reasons to take leaves during the entire year \u2013 with travel restrictions and more flexibility working from home \u2013 and may be left with many more leaves than usual.&nbsp;<\/p>\n\n\n\n<p>The last thing you want to dampen morale is to announce that it will all be burnt.<\/p>\n\n\n\n<p>Singapore\u2019s Public Service Division has already announced that they will&nbsp;<a href=\"https:\/\/www.straitstimes.com\/singapore\/civil-servants-public-healthcare-workers-get-more-flexibility-over-leave\">allow employees to extend usage of leaves to 2021 and allow them to encash a portion of their leaves<\/a>. This sets a benchmark for the private sector as well.<\/p>\n\n\n\n<p>Letting employees encash leaves may be expensive for businesses already faceing cashflow constraints, and forcing them to clear leaves may leave them more disgruntled than happy. Instead, you can be\u00a0<a href=\"https:\/\/dollarsandsense.sg\/business\/encourage-employees-take-annual-leaves-well-deserved-break\/\">creative with how you get employees to use some of their leaves<\/a>. This year has been challenging and it\u2019s good to keep workers refreshed and re-energised with a break.<\/p>\n\n\n\n<p><strong><em>Read Also:&nbsp;<\/em><\/strong><a href=\"https:\/\/dollarsandsense.sg\/business\/allow-employees-encash-annual-leave\/\"><strong><em>Should You Allow Employees To Encash Their Remaining Annual Leave This Year?<\/em><\/strong><\/a><\/p>\n\n\n\n<h3 id=\"13th-month-annual-wage-supplement-bonus\"><strong>13<sup>th<\/sup>&nbsp;Month Annual Wage Supplement &amp; Bonus<\/strong><\/h3>\n\n\n\n<p>The government has already made it known that those in the civil service&nbsp;<a href=\"https:\/\/www.straitstimes.com\/singapore\/jobs\/no-year-end-bonus-for-85000-civil-servants\">will not be paid any year-end bonus<\/a>, but will still pay the annual wage supplement. This is typically seen as a cue for private sector as well.<\/p>\n\n\n\n<p>As bottomlines are being strained, many employees have also had to pour in more effort to keep their companies competitive during this tough period.<\/p>\n\n\n\n<p>While employees may understand the current situation, breaking the news to them is important and necessary. Whether businesses not able to pay any bonus, only able to pay a 13<sup>th<\/sup>&nbsp;month annual wage supplement or not even able to do that, you need to be open with the team rather than leave them hanging. This is how conversations veer negatively.<\/p>\n\n\n\n<p>On the other hand, employees can also tell if a business has done better because of digitalisation trends. Not properly remunerating them for their hardwork will only lead to resentment and likely their departures.<\/p>\n\n\n\n<p><strong><em>Read Also:&nbsp;<\/em><\/strong><a href=\"https:\/\/dollarsandsense.sg\/business\/4-fastest-growing-business-sectors-according-to-e-conomy-sea-2020-report\/\"><strong><em>4 Fast Growing Business Sectors, According To e-Conomy SEA 2020 Report<\/em><\/strong><\/a><\/p>\n\n\n\n<h3 id=\"year-end-office-celebrations\"><strong>Year-End Office Celebrations<\/strong><\/h3>\n\n\n\n<p>December is also a time for celebration with family, friends and also colleagues.<\/p>\n\n\n\n<p>Companies typically have some celebration in the form of buying an office tree, gathering for Christmas celebrations and recognising their employee&#8217;s hard work &#8211; as well as having a year-end performance review &#8211; during the year.<\/p>\n\n\n\n<p>While this year will be different, employees will be expecting many of these things to still happen in some form. Communication will be key to letting them know your plans for the end of the year.<\/p>\n","protected":false},"excerpt":{"rendered":"It\u2019s the same things every year-end, but with different expectations\n","protected":false},"author":10,"featured_media":5638,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[364],"tags":[444,130,499,140,352],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>COVID-19 Has Changed Conversations In The Office This Year-End \u2013 Business Roundup (6 Dec 2020) | DollarsAndSense Business<\/title>\n<meta name=\"description\" content=\"Employees will be taking about the same things this year-end, in a different way and with different expectations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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