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Survey finds employee experience is driving investment in IT – VentureBeat

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IT and workplace decision makers are prioritizing technology solutions that enhance employee experience and engagement despite ongoing budget constraints, according to new research from Teem by iOFFICE.

“The State of Workplace Tech” report, which summarizes survey responses from 300 U.S. IT professionals, HR managers, and workplace experience leaders, found that two in three respondents view creating a positive employee experience (69%) and helping employees stay productive (62%) as top technology drivers. Additionally, almost half (42%) reported that they are considering existing or emerging technology to support employee engagement.

The pandemic has brought attention to glaring gaps in workplace experience infrastructure, leading many organizations to accelerate related initiatives and investments. However, 42% of respondents cited cost as a barrier to implementing new workplace technology, while 16% reported a lack of buy-in within their organizations.

Managing an agile work environment, reconfiguring workspaces, and keeping within budget were the top aims cited for evaluating new systems. Above all, businesses indicated that their top criterion for investing in new technology is that it is easy to use.

Unsurprisingly, more than one in three leaders also cited supporting remote/on-site work (71%) and communicating important information to employees (70%) as top drivers for workplace technology investment. Other drivers favored by half of participants included improving employee collaboration and productivity, adjusting spaces to ensure physical distancing, and managing outside visitors.

Workplace leaders also want new solutions that are easy for them to set up and manage. Solutions that require extensive IT hardware, do not integrate well with existing technology, or are difficult to scale can quickly become cumbersome within a growing organization.

When asked what they would most like to change about their existing technology, 30% said they wish it was easier for their people to use. Another 30% wished for better integration with existing software.

The most common themes raised as a result of the pandemic, included network connectivity issues, keeping employees healthy and meeting their needs, onboarding new employees and being short-staffed.

Chad Smith, VP of product strategy at iOFFICE, said: “At such a challenging time, IT leaders continue to face budget limitations, yet they are in a unique position to lead their organizations into the future with technology solutions that improve productivity and collaboration. Learning of the specific challenges they face right now has enabled us to share fresh recommendations to help IT and workplace leaders evaluate workplace technology, justify cost, and demonstrate return on investment.”

Read the full report by iOFFICE.

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Tesla shares soar more than 14% as Trump win is seen boosting Elon Musk’s electric vehicle company

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NEW YORK (AP) — Shares of Tesla soared Wednesday as investors bet that the electric vehicle maker and its CEO Elon Musk will benefit from Donald Trump’s return to the White House.

Tesla stands to make significant gains under a Trump administration with the threat of diminished subsidies for alternative energy and electric vehicles doing the most harm to smaller competitors. Trump’s plans for extensive tariffs on Chinese imports make it less likely that Chinese EVs will be sold in bulk in the U.S. anytime soon.

“Tesla has the scale and scope that is unmatched,” said Wedbush analyst Dan Ives, in a note to investors. “This dynamic could give Musk and Tesla a clear competitive advantage in a non-EV subsidy environment, coupled by likely higher China tariffs that would continue to push away cheaper Chinese EV players.”

Tesla shares jumped 14.8% Wednesday while shares of rival electric vehicle makers tumbled. Nio, based in Shanghai, fell 5.3%. Shares of electric truck maker Rivian dropped 8.3% and Lucid Group fell 5.3%.

Tesla dominates sales of electric vehicles in the U.S, with 48.9% in market share through the middle of 2024, according to the U.S. Energy Information Administration.

Subsidies for clean energy are part of the Inflation Reduction Act, signed into law by President Joe Biden in 2022. It included tax credits for manufacturing, along with tax credits for consumers of electric vehicles.

Musk was one of Trump’s biggest donors, spending at least $119 million mobilizing Trump’s supporters to back the Republican nominee. He also pledged to give away $1 million a day to voters signing a petition for his political action committee.

In some ways, it has been a rocky year for Tesla, with sales and profit declining through the first half of the year. Profit did rise 17.3% in the third quarter.

The U.S. opened an investigation into the company’s “Full Self-Driving” system after reports of crashes in low-visibility conditions, including one that killed a pedestrian. The investigation covers roughly 2.4 million Teslas from the 2016 through 2024 model years.

And investors sent company shares tumbling last month after Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, seeing not much progress at Tesla on autonomous vehicles while other companies have been making notable progress.

Tesla began selling the software, which is called “Full Self-Driving,” nine years ago. But there are doubts about its reliability.

The stock is now showing a 16.1% gain for the year after rising the past two days.

The Canadian Press. All rights reserved.

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S&P/TSX composite up more than 100 points, U.S. stock markets mixed

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TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in base metal and utility stocks, while U.S. stock markets were mixed.

The S&P/TSX composite index was up 103.40 points at 24,542.48.

In New York, the Dow Jones industrial average was up 192.31 points at 42,932.73. The S&P 500 index was up 7.14 points at 5,822.40, while the Nasdaq composite was down 9.03 points at 18,306.56.

The Canadian dollar traded for 72.61 cents US compared with 72.44 cents US on Tuesday.

The November crude oil contract was down 71 cents at US$69.87 per barrel and the November natural gas contract was down eight cents at US$2.42 per mmBTU.

The December gold contract was up US$7.20 at US$2,686.10 an ounce and the December copper contract was up a penny at US$4.35 a pound.

This report by The Canadian Press was first published Oct. 16, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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S&P/TSX up more than 200 points, U.S. markets also higher

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TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.

The S&P/TSX composite index was up 205.86 points at 24,508.12.

In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.

The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.

The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.

The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.

This report by The Canadian Press was first published Oct. 11, 2024.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)

The Canadian Press. All rights reserved.

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