Igniting Engagement: The Power8 Way to Drive Business Growth

^In today's rapidly changing business landscape, employee engagement is more critical than ever. A disengaged workforce can lead to low productivity, high turnover, and financial losses. On the other hand, companies with engaged employees enjoy unparalleled success – outperforming the competition, generating more revenue, and creating a positive work environment where everyone thrives.

Power8, a leading corporate wellness company, understands the intrinsic link between employee well-being and overall organizational success. With our new initiative, Power8 Ignite, we're taking employee engagement to the next level.

What is Power8 Ignite?

Power8 Ignite is a comprehensive approach to employee engagement, designed to transform workplaces and ignite a deep connection between employees and their work. It goes beyond surface-level activities, focusing on what truly matters to employees: feeling valued, appreciated, and inspired to contribute their best.

Why Employee Engagement Matters: The Indian Landscape

Employee engagement in India is a complex and evolving issue. While engagement levels are improving, there is still significant room for growth. A recent study found that only 22% of Indian employees are fully engaged, leaving a vast majority of the workforce operating below peak potential. This disconnect costs businesses an estimated ₹450-500 billion annually in lost productivity and missed opportunities.

However, the outlook isn't entirely bleak. Organizations that prioritize employee engagement consistently outperform those that don't. According to global research, highly engaged teams demonstrate:

21% increase in profitability
20-25% boost in productivity
41% decrease in absenteeism
50% higher performance against targets

Clearly, the investment in employee engagement is a worthwhile one. That's where Power8 Ignite comes in.

The Power8 Ignite Approach

Our approach to engagement is multifaceted and personalized to meet the unique needs of each organization. Here's what sets Power8 Ignite apart:

Strategic Planning: We work with you to design custom engagement initiatives that align with your company culture and goals. No cookie-cutter solutions here!
Engaging Content: From expert-led workshops to inspiring talks, we provide content that connects with your employees and sparks their enthusiasm.
Seamless Execution: Let us take care of the logistics so you can focus on building relationships with your team.
Creative Storytelling: We craft compelling narratives that showcase your company's commitment to employee well-being.
Thoughtful Appreciation: We provide unique and personalized ways to express gratitude and make employees feel valued.

Power8 Ignite in Action: Programs and Services

Ignite offers a diverse range of programs and activities that can seamlessly integrate into your workplace, whether it's virtual or in-person. Here's a sample of our offerings:

Power8 Ignite is designed to ignite engagement in ways that resonate. Whether you're looking for online sessions or in-person experiences, we'll work with you to design a program that meets your workforce's needs. Here's how we bring Ignite to life:

Elevating Knowledge and Skills

‍Power8 Ignite offers a range of educational programs that empower employees to learn and grow. We partner with industry experts to offer insightful talks on current topics, covering everything from industry trends to personal development. Celebrity speakers share their unique journeys and lessons learned, inspiring employees to strive for greater success. We create opportunities for dynamic exchange by facilitating panel discussions and roundtables, where diverse perspectives illuminate complex issues. To make learning both informational and entertaining, we incorporate quizzes and games, sparking friendly competition and knowledge retention.

Fostering Wellness from the Inside Out

‍A sense of well-being is crucial to a truly engaged workforce. Our experiential activities focus on holistic wellness. Nutrition workshops explore healthy eating, while stress-management sessions equip employees with coping mechanisms for a more balanced life. Interactive activities encourage movement and mindfulness, leading to a refreshed and energized team.

Building Connection and Collaboration

‍Positive team dynamics are at the heart of engagement. Ignite offers team-building challenges designed to foster trust, communication, and creative problem-solving. These activities aren't just fun – they help teams develop skills that directly translate to workplace success.

Celebrating Well-being Together

‍We believe well-being extends beyond the workday with our focus on family-focused events. These events create space for employees to connect with their loved ones, fostering a sense of community and shared values. Our wellness flea markets provide a vibrant space for discovering products and services that support well-being, offering a unique experience for employees and their families.

The Power8 Advantage

When you partner with Power8 Ignite, you don't just get a program; you gain a dedicated ally in building a thriving workplace culture. Our impact speaks for itself:

Clients Supported: We've proudly partnered with a vast range of organizations, demonstrating our adaptability and proven success in driving engagement across diverse industries.
Lives Touched: Our programs have positively impacted the lives of over 800,000 individuals, emphasizing the far-reaching effect of our engagement initiatives.
Programs Conducted: We've delivered over 5000 successful wellness programs, showcasing our experience and expertise in transforming workplaces.
Hours of Training: More than 7500 hours of dedicated training delivered, reflecting our commitment to ongoing learning and personal development for your employees.

Let's Ignite Your Workplace

Imagine a workplace where employees arrive each day feeling energized, valued, and excited to contribute. A workplace where collaboration flows effortlessly, problem-solving is fueled by creativity, and achieving business goals goes hand-in-hand with promoting well-being. That's the power of an engaged workforce, and it's what Power8 Ignite can help you create.

We understand that every organization is unique. That's why we'll partner with you to design a customized Ignite engagement program that seamlessly aligns with your company's culture and goals.

Don't settle for a disengaged workforce. Contact Power8 Ignite today and let's transform your workplace into a thriving hub of productivity, innovation, and well-being.

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Riding the Wave of Inflation: A Guide to Investments

^Inflation is a long-term pattern of rising prices across the economy yearly. Inflation rates indicate the rate of erosion of the value of an investment over time as well as the loss of purchasing power. Investing in assets requires a return on investment consistent with their living standard.

To overcome the effects of inflation on your investment, you must have financial planning and knowledge. Here are a few things you should know.

‍Inflation: What Causes It?

Inflation occurs when the demand for an item or service exceeds the supply of that good or service. This is referred to as demand-pull inflation, and it causes price increases.

Inflation is also caused by a rise in the cost of producing products and services. As the cost of manufacturing an item rises, manufacturers raise the selling price in order to achieve or maintain a specified profit. This is referred to as cost-pull inflation.

Here's a chart demonstrating how a lakh's value decreases over time to help you comprehend this better.

‍Financial vs Physical Investment

Physical assets can be felt, seen, touched, or held, such as real estate, precious metals, jewellery, plant and machinery, vehicles, tools, etc. These assets must be maintained, repaired, and upgraded, which can lead to expenses.

An intangible asset, such as shares, bonds, deposits in banks, accounts receivables, goodwill, copyrights, patents, etc., cannot be seen or touched, except for the records proving ownership of the asset, for example, shares, bonds, deposits in banks. The value of financial support does not depreciate or diminish with time. Nevertheless, depending on market conditions, the value of a financial asset can appreciate or depreciate.

‍Asset Classes and Inflation

The value of liquid assets tends to rise less over time than the value of other types of assets since inflation affects them similarly. Because of this, liquid assets are more susceptible to inflation's effects. The larger economy tends to retain fewer liquid assets when inflation rates are high.

Although illiquid assets can generate interest and grow in value, inflation also affects them. Investing in stocks, bonds, and mutual funds is one of the best ways to protect savings against inflation. In times of high inflation, people often spend their liquid assets on consumer goods or invest them in interest-paying assets.

‍Systematic Investment in Equity Mutual Funds

Mutual Funds offer a Systematic Investment Plan (SIP), a means of investing a fixed amount at regular intervals, say once a month or once a quarter, instead of making a lump-sum investment. Instalments could be as low as INR 500 per month and are similar to recurring deposits. Moreover, it is convenient since your bank can give you standing instructions to deduct the monthly amount.

‍Here are some examples of the power of compounding

‍Systematic Investment in Equity Mutual Funds

Three Golden Rules of Investment

Start Early

It is recommended that you start early in order to gain greater financial wellbeing and to maximise your returns on investment. If you allow your investment portfolio to generate returns over time, your returns will essentially create more returns. In technical terms, this is called compounding, proving that even small investments can accumulate into large sums over time.

Invest Regularly

Regularly investing rather than attempting to time a lump sum investment can help you become a more disciplined investor. Ultimately, you must invest no matter how high or low the price is. As a result, investing becomes less emotional, and you can put your money to work more quickly.

Invest for Long Term

The relationship between volatility and time is an advantage of long-term investing. The volatility of investments held for a more extended period tends to be lower than the volatility of assets held for a shorter period. The longer you invest, the more likely you will survive market downturns.

Investments with their risk vs return potential

Conclusion

If the returns on an investor's assets are less than the rate of inflation, even if they show profits, they will lose money. Additionally, individuals should ensure that their income increases at least as much as inflation; otherwise, they are technically earning less than they would otherwise and losing financial stability.

^We are in the midst of layoff season. While the world is shocked to see large internet companies like Meta and Twitter fire employees, the Indian startup scene has also suffered. So, what led to this, what is happening now, and what is yet to come? ‍

Race to Mass Layoffs?

Adding to the difficulties in Silicon Valley is the possibility that Amazon will announce layoffs that will affect up to 10,000 workers. Following Microsoft, Twitter, Snap, Meta, and Twitter, Amazon is the next big tech company to lay off employees. There has also been a decrease in recruiting at Apple and other companies.

In the wake of fears of a worldwide recession, technology companies, traditionally large spenders, are now turning to cost-cutting.

Mass Firings: What Led to This?

From January 1 to June 1, 2022, the market capitalization of the top 30 technology companies decreased by $4.3 trillion. These 30 companies represent the majority of the value of the global tech market.

At least $5–6 trillion was lost in the global listed tech market as a whole. The top 30 businesses account for $4.3 trillion of this. In actuality, the combined contribution of Apple and Microsoft to this market value decline is close to $1 trillion.

From June to August 18, the market value of the top 30 tech companies experienced a $900 billion recovery.

What's the situation in India?

Many edtech companies have let go of employees, including Byju's and Unacademy. It was reported that Unacademy had laid off 1,150 employees, while Byju's laid off 550 employees, not far behind Vedantu, which had laid off 624 employees.

Meanwhile, MFine laid off 600 workers, Ola fired 500 people, and Cars24 reported 600 job losses. In all cases, layoffs were caused by tighter monetary policies and a correction in the stock market.

How About the Attrition Rate?

In addition to layoffs, IT organizations have experienced high attrition rates. Labor costs and the cost of acquiring talent led to squeezed operating margins for all IT majors during the previous quarter.

During the first quarter of FY23, Indian IT companies spent, on average, 57% of sales on employee salaries, with some, like Infosys, raising their top performers by one or two digits. TCS's attrition rate for Q4 of FY22 was 19.7%, much higher than Infosys's 17.4%.

In Q4FY22, HCL Technologies experienced an increase in attrition from 21.9% to 23.8%. However, Wipro has managed to keep attrition rates relatively stable, dropping from 23.8% to 23.3% between April and June.