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Sri Lanka sees booming e-commerce amid constraints – reportSri Lanka has seen a remarkable growth in the online trading ...
06/02/2023

Sri Lanka sees booming e-commerce amid constraints – report

Sri Lanka has seen a remarkable growth in the online trading of goods and services which is popularly known as e-commerce, but lack of knowledge and mistrust over digital payment methods have been the key barriers, a report done in the island nation has found.

The report, based on a survey of a sample population of 4,670 between March and July 2022, showed provinces close to and further away from capital Colombo and the Western Province are not lagging behind in terms of e-commerce adoption.

“There is growing awareness of the wide range of goods and services available for online purchasing, along with interest in diversifying into new e-purchases,” the main findings of the report said.

The report is the result of a partnership between Daraz Sri Lanka and the Sri Lanka Association for Software Services Companies (SLASSCOM) with an aim to bridge crucial data gaps in the e-commerce industry, while also pointing to essential policy needs.

The survey was conducted by NielsenIQ Sri Lanka.

“E-commerce use is positively linked to education and household income,” the survey finding said.

“Middle-income households educated to at least secondary school levels (with knowledge and some financial means) tend to purchase more online than lower-income households with limited education.”

“Payment for online purchases is largely cash-on-delivery due to mistrust and a lack of education around e-commerce and digital payment methods. This outcome fits with the country’s early development stage of the e-commerce sector.”

The survey also found that many e-commerce users are discouraged from shopping online because of a lack of requisite knowledge and skills to do so, worries about the quality of online purchases and poor customer experiences after placing orders.”

The online selling of goods and services has increased since the COVID-19 pandemic and the increase is linked to low start-up costs and the need to diversify livelihoods, it said.

“Over 89% of e-commerce users indicate that a coherent and predictable policy framework can support the growth of the country’s e-commerce industry.”

“Important actions include raising awareness of the benefits of e-commerce, training on how to buy and sell goods and services online, better cyber and online security and reforms for trade and tax regimes that take the e-commerce industry and its export potential into account.”

Sri Lanka Coconut auction prices down 6.7-pctSri Lanka’s coconut auction prices fell by 6.7 percent from a week ago at a...
06/02/2023

Sri Lanka Coconut auction prices down 6.7-pct

Sri Lanka’s coconut auction prices fell by 6.7 percent from a week ago at an auction on February 02, data showed.

The average price for 1,000 nuts fell to 75,396.69 from 80,811.89 a week earlier at the weekly auction conducted by Sri Lanka’s Coconut Development Authority.

The highest price was 81,600 rupees for 1,000 nuts down from the previous week’s 87,300 rupees, while the lowest was 70,000 also down from 72,500 rupees.

The average price reached 84,116.85 rupees in mid-January 2023. Prices have fallen 11.5 percent over the past two weeks.

The auction offered 593,513 coconuts and 370,006 nuts were sold.

In recent weeks both offered and sold volumes have come down.

At a time when worker burnout and turnover is a major problem, companies can reduce both by redesigning work in ways tha...
06/02/2023

At a time when worker burnout and turnover is a major problem, companies can reduce both by redesigning work in ways that promote employee well-being and health. A review of research on the specific work conditions that affect employee well-being and how to improve them generated seven practical approaches that employers can apply to redesigning jobs.

Your company may pride itself on being a good employer. But even with the best of intentions, your company could be hurting employees’ health and well-being because of the way the work is organized. Working conditions and the demands of the work environment are a significant source of stress for many Americans, and research has found that the design of work can have substantial effects on employee well-being and health as well as health care expenses.

The good news for managers is that there are feasible ways to redesign work to support well-being and yield long-term benefits to the organization. For instance, recent research suggests that strategically changing workplace conditions to foster worker well-being not only improves worker health but can also bring about beneficial business outcomes such as improved job performance (including increased productivity) and lower levels of employee burnout.

It doesn’t have to be costly to redesign work to improve employees’ well-being. In fact, it can often be a good investment. For example, one work-redesign initiative at the IT division of a Fortune 500 firm generated a positive ROI for the company because it reduced turnover costs. Moreover, such strategies have the potential to improve overall organizational resilience.

With support from the Robert Wood Johnson Foundation, we recently reviewed and synthesized research on the specific work conditions that affect employee well-being. We then developed a “work design for health” framework and toolkit that employers can use to revamp their work practices in ways that benefit both employees’ health and the organization. A good starting point is to consider adopting the following seven approaches:

1. Give workers more control over how they do their work.
Research indicates that having little discretion over how work gets done is associated not only with poorer mental health but also with higher rates of heart disease. What’s more, the combination of high work demands and low job control significantly increases the risks of diabetes and death from cardiovascular causes. Even relatively small changes in worker autonomy can make a difference in employee well-being. A study in a customer service call center, for example, found that giving its employees more training so they could take on new tasks and resolve more customer complaints on their own improved both the employees’ well-being and their performance on the job.

2. Allow employees more flexibility about when and where they work.
Several studies have found that giving workers more choice or control over their work schedules improves their mental health. This can involve simply permitting varied starting and stopping times and easier trading of shifts in jobs that must be done on-site. A more extensive work redesign at a Fortune 500 company — where IT employees were given control over when and where they did their work but still collaborated with their teammates to ensure needed coordination — resulted in physical and mental health improvements for employees as well as reduced turnover for the business.

3. Increase the stability of workers’ schedules.
Many retail and service companies today use “just in time” scheduling to try to match labor to fluctuating demand. But erratic, unpredictable schedules make it hard for frontline workers to manage their personal lives and family responsibilities. Research finds a range of negative outcomes occur for workers who have this kind of erratic work schedule — including poorer sleep quality and greater emotional distress.

Conversely, a study at Gap found that greater schedule stability can benefit both companies and employees. Increasing scheduling stability for workers led to a 7% rise in the participating stores’ median sales and a 5% increase in labor productivity. The added stability also improved sleep quality and reduced stress among employees with children.

4. Provide employees with opportunities to identify and solve workplace problems.
Giving employees opportunities to participate in workplace improvements can be an effective approach to fostering their well-being. One study of doctors, physician assistants, and nurse practitioners found that those who were invited to participate in a structured process of identifying and addressing problems in their workplace exhibited decreased rates of burnout and increases in job satisfaction. Employees who had had opportunities to problem solve together were also less likely to say they wanted to leave their jobs — a key benefit for organizations trying to retain valuable employees.

5. Keep your organization adequately staffed, so workloads are reasonable.
Research has found that high work demands — for instance, long hours or pressure to work very hard or fast — can take a substantial toll on employee health and well-being. In fact, numerous studies find that high demands coupled with low control create health risks, including higher rates of symptoms of depression, high blood pressure, and cardiovascular disease. Staffing up to spread out the demands may seem costly, but employers also pay a real price when exhausted or ill employees burn out, are absent, or quit. The solution may lie in changing staffing in a targeted way; for example, one study found improvements in efficiency and job satisfaction when doctors were provided with a medical scribe trained to take over some of their charting tasks.

6. Encourage managers in your organization to support employees’ personal needs.
Many employees are also caregivers for children or elderly parents, and they benefit from supervisors who are more supportive of the challenges they face in trying to balance their work and personal lives. A study in nursing homes found that employees whose managers were more accommodating of their family needs had fewer risk factors for cardiovascular disease and also slept better. Studies in health care and grocery store settings have examined training programs for managers to increase family-supportive behaviors, with promising findings for work-life balance and health. Employers also benefited because workers whose managers had this training reported higher job satisfaction, better job performance, and less interest in leaving their jobs.

7. Take steps to foster a sense of social belonging among employees.
Creating a work culture in which employees can develop supportive relationships with their colleagues can be an important strategy for increasing worker well-being. Research has found that such relationships at work are associated with lower psychological distress, an indicator of poor mental health.

Fostering a sense of social belonging doesn’t have to be a complex or expensive proposition. One study of 911 dispatchers, who have highly stressful jobs and high rates of burnout and turnover, had supervisors send one email a week prompting dispatchers to provide support to one another by sharing affirming stories about their work. For instance, one email shared the story of a dispatcher who was able to save the life of someone who called 911 by connecting the caller to appropriate resources. Dispatchers who received the emails encouraging them to share such stories with one another reported a significant decrease in burnout and were 50% less likely to quit.

As these examples illustrate, many management practices that improve worker well-being also benefit employers. That shouldn’t be surprising. In the long run, companies that care about their employees’ health and well-being will be more likely to have employees who care about the company’s health and well-being too. And that’s an outcome all good leaders want.

ARK Business Alliance (Private) LimitedWe are a licensed business information provider in Sri Lanka/World–Wide, and we m...
03/01/2023

ARK Business Alliance (Private) Limited
We are a licensed business information provider in Sri Lanka/World–Wide, and we mainly provide Sri Lankan company credit reports. Over the past 8 years, we served many overseas credit agencies and insurance companies. They choose us as the follow reasons:

1. Own report production team makes information confidentiality higher and cost lower.

2. Quick response and 2–5 working days report processing time

Our company can offer access to critical data through an established global network of strategic partners, empowering in that way businesses with a reliable and comprehensive set of tools which can assist them to meet their financial, legal, and ethical obligations.

As part of our efforts in helping our partners establish business transparency, we have built our API One-For-All solution. Through this tool our clients can access crucial business intelligence on their associates or clients including Corporate Structure, Financial Health as well as a comprehensive database through our Site.

We Provide Reports of Various Types of Legal Form and Company Business Reports in Sri Lanka Such as:

I Private Limited Liability Company
II Proprietorship / Partnership Company
III Limited Liability Company
IV Public Limited Liability Company
V Government Sectors
VI Corporation Companies (Semi-Government)

Please find below main data categories depending on the module:

1. Basic + Registration Details
2. Auditors + Secretary
3. Bank
4. Profile of Key Principals, Entities & Shareholders
5. Shareholders Info. [Companies]
6. Financial Details
7. Investigation
8. Related Entities
9. Products | Services
10. Marketing Stability / Potential Market
11. Number of Employees
12. Awards | Certifications
13. Location & Contact Details
14. Company Premises Photographs
15. Trade References
16. Media Coverage
17. Mortgage Bonds
18. Interview Details
19. Company Rating Data
20. Credit Rating Explanation
21. Notes

We are providing 3 Types of Reports to our Clients Listed as Below:

Report Type Speed Prices
I Normal Reports 96Hrs 40 USD
II Express Report 72Hrs 60 USD
III Super-Flash 24Hrs 80 USD

For Information to our Partners,

We Do 24Hrs Scheme and We Will Able to do that way, We Can Provide the Reports as Super–Flash TAT, under 50-60 USD but if We Receive at Least 60+ Reports Per Month if you Confirm the Reports Quantity. If The Report Quantity Higher, we able to get Some Payments Relief from Our DRC Officer, so that Help us to Reduce the Price of the Reports.

Company's Reporting Division is run Investigations Consultancy Services and Debt Recovery Located in Sri Links Providing...
01/01/2023

Company's Reporting Division is run Investigations Consultancy Services and Debt Recovery Located in Sri Links Providing a Range of Investigation Services Around Asia and We Have already Dealing with various Companies World–Wide

We wish all our partners and customers a Very Beautiful and Successful New Year
01/01/2023

We wish all our partners and customers a Very Beautiful and Successful New Year

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