Business

3 Reasons a Beach Party Boosts Team Morale

Team morale is key to any business operation. When you’re trying to keep a team of staff members motivated to do their best, it’s best if you make them feel emotionally connected to one another.

If you want to hyper-charge their enthusiasm for the business, and their love for one another as human beings, a beach party can make all the difference. Here are the three key reasons a beach party can help you boost your team’s morale:

1. Socialization is Key for Team Building

If you want to create a company culture that values teamwork, openness, and a sense of connection, you need to find ways to consistently socialize your team members. If you expect these qualities to simply rise organically during typical workday operations, you’re deluding yourself, after all.

To make the company feel cohesive both at work and outside of work, you need to put in the effort to achieve this much-sought-after quality, however.

A well-socialized team of staff members will help take your business to new heights of success, but you’ll need to follow through on team-building operations to make this success a reality in 2023.

With this in mind, you need to find a way to socialize with your team members in a fun and professional fashion. What better way to do that in the summer of 2023 than a day out at the beach? There’s a reason beach parties are used in sitcoms about workplaces so frequently, after all.

If you choose to go this route, investing in a bulk order of branded beach balls to hand out to your team members, and any passerby you see at the beach party, is a great idea.

Doing so will allow you to team-build while simultaneously making your company’s brand more well-known to the general public in your area.

The fact that your advertising efforts will be seen as “fun” will make them that much more effective (and will do wonders for your brand’s overall identity as well).

2. Out-of-Office Fun Helps Build Morale

As we mentioned above, you cannot expect all of your team building to happen within your office walls, and during office hours. You need to use those hours for more strict business operations if you want to remain successful in today’s competitive business landscape.

With this in mind, finding ways to get out of the office whenever possible is key during your team-building efforts (whether they are happening at the beach or not).

Since the beach is an inherently relaxing location, and because beach parties are perfect for getting people “loose,” they end up being a great way to build your team.

This tried-and-true method has become a staple of business team-building efforts over the last two decades for a reason, after all. Just make sure to promote healthy beachwear to keep your team safe!

If you’re able to come up with ice-breaker activities for your beach party, your team-building efforts will be much more successful.

Find ways to build personal relationships between team members, while still keeping activities focused on your brand, business operations, and the goal of building your business, and you will create a team-building exercise that will be the talk of the town.

Just make sure you emphasize the need to have fun and unwind while your employees are enjoying the beach party at the same time.

3. It Promotes a Healthy Work-Life Balance

As work becomes more personal in 2023, it’s important to remember that your employees are also human beings. With this in mind, you want to find ways to boost your business that are not only effective and fun, but that promote a healthy work-life balance for your team members as well.

Doing so will make your company a more attractive place to work, which will in turn help you to attract top talent in your area to work for you.

If you want to stay ahead of your competitors in the coming decades, you simply cannot afford to miss out on brand-new, quality hires in the coming years.

To promote a healthy work-life balance, you need to find plenty of fun ways to build your team members’ relationships with one another outside of the office walls. A beach party remains one of the most ideal ways to achieve this goal.

However, if you do not live near a beach, you may need to wait for a business trip opportunity to fully achieve this goal. The more creative you get with your team-building exercises, the more likely they are to land.

Find out more about the personal interests and lifestyle needs of your employees, and you can more successfully plan a work-life balance promoting team-building exercise effort that will benefit every single member of your team.

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Business

PepsiCo Reduces Revenue Projections As North American Snacks And Key International Markets Underperform.

(VOR News) – In the third quarter of this year, Pepsi’s net income was $2.93 billion, which is equivalent to $2.13 per share. This was attributed to the company.

This is in stark contrast to net income of $3.09 billion, which is equivalent to $2.24 per share, during the same period in the previous year. The company’s earnings per share were $2.31 when expenses were excluded.

Net sales decreased by 0.6%, totaling $23.32 billion. Organic sales increased by 1.3% during the quarter when the effects of acquisitions, divestitures, and currency changes are excluded.

Pepsi’s beverage sales fell this quarter.

The most recent report indicates that the beverage and food sectors of the organization experienced a 2% decline in volume. Consumers of all income levels are demonstrating a change in their purchasing habits, as indicated by CEOs’ statements from the previous quarter.

Pepsi’s entire volume was adversely affected by the lackluster demand they encountered in North America. An increasing number of Americans are becoming more frugal, reducing the number of snacks they ingest, and reducing the number of times they purchase at convenience stores.

Furthermore, Laguarta observed that the increase in sales was partially attributed to the election that occurred in Mexico during the month of June.

The most significant decrease in volume was experienced by Quaker Foods North America, which was 13%. In December, the company announced its initial recall in response to a potential salmonella infection.

Due to the probability of an illness, the recall was extended in January. Pepsi officially closed a plant that was implicated in the recalls in June, despite the fact that manufacturing had already been halted.

Jamie Caulfield, the Chief Financial Officer of Pepsi and Laguarta, has indicated that the recalls are beginning to have a lessening effect.

Frito-Lay experienced a 1.5% decline in volume in North America. The company has been striving to improve the value it offers to consumers and the accessibility of its snack line, which includes SunChips, Cheetos, and Stacy’s pita chips, in the retail establishments where it is sold.

Despite the fact that the category as a whole has slowed down in comparison to the results of previous years, the level of activity within the division is progressively increasing.

Pepsi executives issued a statement in which they stated that “Salty and savory snacks have underperformed year-to-date after outperforming packaged food categories in previous years.”

Pepsi will spend more on Doritos and Tostitos in the fall and winter before football season.

The company is currently promoting incentive packets for Tostitos and Ruffles, which contain twenty percent more chips than the standard package.

Pepsi is expanding its product line in order to more effectively target individuals who are health-conscious. The business announced its intention to acquire Siete Foods for a total of $1.2 billion approximately one week ago. The restaurant serves Mexican-American cuisine, which is typically modified to meet the dietary needs of a diverse clientele.

The beverage segment of Pepsi in North America experienced a three percent decrease in volume. Despite the fact that the demand for energy drinks, such as Pepsi’s Rockstar, has decreased as a result of consumers visiting convenience stores, the sales of well-known brands such as Gatorade and Pepsi have seen an increase throughout the quarter.

Laguarta expressed his opinion to the analysts during the company’s conference call, asserting, “I am of the opinion that it is a component of the economic cycle that we are currently experiencing, and that it will reverse itself in the future, once consumers feel better.”

Additionally, it has been noted that the food and beverage markets of South Asia, the Middle East, Latin America, and Africa have experienced a decline in sales volume. The company cut its forecast for organic revenue for the entire year on Tuesday due to the business’s second consecutive quarter of lower-than-anticipated sales.

The company’s performance during the quarter was adversely affected by the Quaker Foods North America recalls, the decrease in demand in the United States, and the interruptions that occurred in specific international markets, as per the statements made by Chief Executive Officer Ramon Laguarta.

Pepsi has revised its forecast for organic sales in 2024, shifting from a 4% growth rate to a low single-digit growth rate. The company reiterated its expectation that the core constant currency profitability per share will increase by a minimum of 8% in comparison to the previous year.

The company’s shares declined by less than one percent during premarket trading. The following discrepancies between the company’s report and the projections of Wall Street were identified by LSEG in a survey of analysts:

SOURCE: CNBC

Business

Old National Bank And Infosys Broaden Their Strategic Partnership.

(VOR News) – Old National Bank, a commercial bank with its headquarters in the Midwest, and Infosys, a firm that specializes in information technology, have recently entered into a strategic expansion of their link, which has been in place for the past four years.

This expansion is more likely to take place sooner rather than later, with the likelihood being higher.

For the purpose of making it possible for Old National Bank to make use of the services, solutions, and platforms that are offered by Infosys, the objective of this expansion is to make it possible for the bank to transform its operations and processes through the application of automation and GenAI, as well as to change significant business areas.

This lets the bank leverage Infosys’ services, solutions, and platforms.

Old National Bank Chairman and CEO Jim Ryan said, “At Old National, we are committed to creating exceptional experiences for both our customers and our fellow employees.”

This statement is applicable to Old National Bank. Infosys is carefully managing the business process innovations that it is putting us through, putting a strong emphasis on efficiency and value growth throughout the process to ensure that it is carried out efficiently.

This is a routine occurrence throughout the entire operation. Because of Infosys’ dedication to our development and success, we are incredibly appreciative of the assistance they have provided.

Old National has been receiving assistance from Infosys in the process of updating its digital environment since the year 2020, according to the aforementioned company.

Ever since that time, the company has been providing assistance. The provision of this assistance has been accomplished through the utilization of a model that is not only powerful but also capable of functioning on its own power.

Infosys currently ranks Old National thirty-first out of the top thirty US banks.

This ranking is based on the fact that Old National is the nation’s largest banking corporation.

It is estimated that the total value of the company’s assets is approximately fifty-three billion dollars, while the assets that are currently being managed by the organization are valued at thirty billion dollars.

Dennis Gada, the Executive Vice President and Global Head of Banking and Financial Services, stated that “Old National Bank and Infosys possess a robust cultural and strategic alignment in the development, management, and enhancement of enterprise-scale solutions to transform the bank’s operations and facilitate growth.”

This remark referenced the exceptional cultural and strategic synergy between the two organizations. Dennis Gada is the one who asserted this claim. This was articulated explicitly concerning the exceptional cultural congruence and strategy alignment of the two organizations.

We are pleased to announce that the implementation of Infosys Topaz will substantially expedite the transformation of Old National Bank’s business processes and customer service protocols. We are exceedingly enthusiastic about this matter. We are quite thrilled about this specific component of the scenario.

Medium-sized banks operating regionally will continue to benefit from our substantial expertise in the sector, technology, and operations. This specific market segment of Infosys will persist in benefiting from our extensive experience. This phenomenon will enable this market sector to sustain substantial growth and efficiency benefits.

SOURCE: THBL

Business

American Water, The Largest Water Utility In US, Is Targeted By A Cyberattack

The largest regulated water and wastewater utility company in the United States stated Monday that it had been the target of a cyberattack, forcing the company to halt invoicing to consumers.

American Water, The Largest Water Utility In US, Is Targeted By A Cyberattack

American Water, based in New Jersey and serving over 14 million people in 14 states and 18 military facilities, said it learned of the unauthorized activity on Thursday and quickly took precautions, including shutting down certain systems. The business does not believe the attack had an impact on its facilities or operations and said employees were working “around the clock” to determine the origin and scale of the attack.

water

The corporation stated that it has alerted legal enforcement and is cooperating with them. It also stated that consumers will not be charged late fees while its systems are unavailable.

According to their website, American Water operates over 500 water and wastewater systems in around 1,700 communities across California, Georgia, Hawaii, Illinois, Indiana, Iowa, Kentucky, Maryland, Missouri, New Jersey, Pennsylvania, Tennessee, Virginia, and West Virginia.

SOURCE | AP