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Employee health and well-being at center of Deloitte’s ‘Reboot’ offering for business recovery

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Deloitte is introducing an approach for organizations to achieve a safe, secure and productive “Reboot” of operations, including both physical and virtual workplaces, as they transition from response mode and move toward increased productivity and recovery.

Deloitte’s Reboot model is employee-centric to help organizations manage between health, safety and financial concerns. Empathy and listening are at the core of Deloitte’s Reboot approach for employers, designed to build confidence and trust among their employees and to give them choices to opt-in and be heard.

In a May 18, 2020, Deloitte online poll of more than 1,100 business professionals, half of respondents noted that their definition of “reboot” was either getting their workforce back onsite or enhancing the productivity of virtual work. More than 40% of these same respondents noted “safety” as their primary objective over other such priorities spanning sales delivery, operational execution and financial stability.

“In the ‘next normal,’ there is no silver bullet for recovery,” said Jonathan Pearce, principal, Deloitte Consulting LLP and leader of Deloitte’s workforce strategy practice. ”Because every organization is different and the path forward will not be linear, employers need a flexible reboot approach that lets them dial components up and down at various moments along the journey. New information about public health risks and employee concerns will require employers to adjust their plans while staying the course to recovery.”

Deloitte’s approach evaluates each organization’s distinct circumstances, ranging from macro conditions such as health, industry and regulatory mandates, to micro conditions like facilities, infrastructure and individual worker preferences and requirements. The plan then establishes phases and work scenarios for individual teams and employees, along with monitoring and safety protocols tailored to each of those scenarios.

Deloitte’s Reboot catalog of tools helps companies create a personalized journey for employees as organizations navigate timing, readiness and how to reboot, and, ultimately spur recovery.

Deloitte’s extensive set of assets includes a command center; data and insights; a comprehensive back-to-work platform; and regulatory and compliance applications. These resources span risk prediction and mitigation; crisis response management and recalibration; supply chain disruption sensing and intelligence; and monitoring and insights into regulatory requirements.

Three key components in Deloitte’s Reboot approach that are tailored to an organization’s workforce, team and individual requirements include:

Workforce Reboot Analytics: When to reopen physical sites, what functions to prioritize; workforce readiness; workplace suitability, capacity and reconfiguration; and predicting health and infection risks are among the factors employers will have to assess in the reboot phase. Deloitte’s Workforce Reboot Analytics tools deliver the sensing and modeling capabilities to build a strategic plan for the workplace and recalibrate it to changing conditions.

MyPath™ to Work: A comprehensive, modular technology solution, MyPath™ to Work prepares organizations to manage new health risks to confidently reboot their workplaces. With a combination of tightly-integrated Deloitte and third-party technology and services, MyPath™ to Work is designed to enable enhanced workplace safety protocols such as screening and testing; visibility into risk factors; efficient and targeted interventions; and employee support, going well beyond standard contact tracing. MyPath™ to Work supports, engages, and empowers employees, contractors and customers throughout the reboot journey – all configured to the specific needs of each organization.

GovConnect: For government clients, Deloitte’s GovConnect offers a range of capabilities – contact tracing; interactive business engagement; CRM; case management, call center infrastructure, testing strategy, PPE inventory management; disease surveillance; immunization and vaccine management; and advanced analytics – also in a modular solution. GovConnect also includes mobile capabilities to allow for integration across employers, employees, visitors, contractors and campuses.

“An organization’s path to resilient recovery largely depends on how effectively it prioritizes and responds to the health and safety of its people,” said Asif Dhar, M.D., principal, Deloitte Consulting LLP and chief health informatics officer. “Tools like MyPath™ to Work and GovConnect enable employers to manage health risks specific to different job requirements, physical environments and geographical locations. Further, MyPath™ to Work and GovConnect take the technical capabilities required for precision and agility and personalize them for both the individual and organization’s journeys.”

Why this matters

“Reboot does not assume that plans are a ‘return to the way things were.’ With this in mind, employers should embrace a human-centric and ‘opt-in’ approach whenever possible vs. one that leads with corporate mandates,” said Gopi Billa, principal, Deloitte Consulting LLP, and leader of Deloitte’s market sensing and scenario planning offering. “Employee health and safety are paramount to any plan to return an organization to operational effectiveness. Empowered employees reside at the heart of any return-to-work initiative.”

Deloitte’s pandemic response plan helps organizations prepare for a resilient recovery and incorporates a three-phased approach: Respond, Recover and Thrive. Reboot is the critical gateway between the Respond and Recover phases.

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Finance

The various ways you can buy gold

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Gold is usually valued as a commodity, currency, and investment for many years. This is why it’s still popular nowadays among investors because you can use gold as a hedge against inflation, currency devaluation, or deflation.

And, because of its ability to give you financial protection during times of economic uncertainty, it can be a good idea to invest in physical gold. Keep in mind that the gold market can be quite liquid and there are various ways in which you can gain exposure to gold including gold bars and coins. This page discusses the various ways you can buy gold.

Physical gold

Physical gold can offer you a direct exposure to gold. When gold is in bulk form, it’s called a bullion, and it can be minted into gold coins or cast into bars. The value of a gold bullion is usually based on its purity and mass rather than the monetary face value. Remember that if gold coins are issued with the monetary face value, the market value still depends on its fine gold content.

You can purchase physical gold from private mints, government mints, jewelers, and precious metal dealers. Because different gold sellers can give the same gold at different prices, it’s crucial for you to do research so that you can find the ideal deal. When you buy physical gold, you need to pay the full price.

Physical gold ownership can involve several costs like the insurance costs, storage costs, transaction fees, and markups related to purchasing and selling the commodity. Also, there can sometimes come with the processing fees as well as a small lot fees, especially if you are making small purchases. Collectively these costs cannot be that significant to affect you when you decide to invest a small portion of your portfolio in gold, but they can also be overwhelming if you want to have a large exposure. Check https://goldtrends.net/gold-ira-companies/ before you invest in gold.

Gold EFTs

EFTs are not like physical gold because you can buy them like shares on any stock exchange. The good thing about EFTs is that it allows you to get access to gold and you can avoid some costs like storage costs, markups, and many more. However, you should expect that you can lose a certain percentage of your investment’s value to the expense ratio of the fund. An expense ratio refers to the recurring annual fee that is charged to the funds to pay for administrative costs and management expenses. As a result, it’s always a good idea to weigh your options when it comes to choosing gold EFTs or having a gold IRA.

It’s also important to note that you need to pay a commission when you decide to purchase and sell an EFT. Many online commissions are usually affordable, but they can always add up if you happen to be an active trader. Besides, most brokers usually charge a high commission, especially for broker-assisted trades, special order types, and automated phone orders. To address the cost concerns that come with EFTs, some brokers are now giving commission-free online trading for some type of EFTs.

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How to ensure your Canadian public documents will be recognized in the EU?

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If you are moving to the EU for work or educational purposes, or you want to live there for a long time and you plan on using your Canadian public documents in different countries throughout the European Union, you must first go through a process so these documents are recognized in the EU. In Canada, this process is called Document Authentication and Legalization, however, others call it Attestation. Before going abroad, you might consider asking a professional company that handles document authentication Canada to help you out with the requirements needed, especially if time isn’t on your side.

Although you can organize the legalization of your documents yourself, if this is your first time authorizing these documents, it might take up a lot of your time and energy. Reputable agents can help speed up the process, so you can get on with the rest of your tasks before your travel to the EU.

What Business Documents do you need to Have Legalized Before entering the EU?

If you want to get your documents authenticated in Canada, you have to get the Department of Foreign Trade and International Affairs to stamp each document. If you are traveling to the EU for business, you might need to get the following documents authenticated:

  • Certificate of export
  • Shipping Document
  • Corporate documents that can be used while in the EU
  • Commercial invoice
  • Certificate of free sale
  • Pharmaceutical certificate
  • Distributorship Agreements

If you travel to the EU without these documents in order, you might find it difficult to carry out the work you had planned. Expect the European Union authorities to inspect these documents thoroughly. If you decide to go it alone instead of hiring an agent to help you out, make sure that you have plenty of time because a lot of these documents can take a long time to get legalized.

Personal Documentation

Although you won’t need these documents if you want to travel to the EU, if you plan on staying there for an extended period, you might need them at some stage. For these files to be recognized throughout the EU, you will need them authenticated. Here are a few examples of the documents you will want to get authorized before you hop on the plane:

If you arrive in the EU without this documentation authenticated, trying to get them recognized in the EU won’t be easy. To make sure your time in the EU goes smoothly, you should make sure that everything is finalized in Canada first.

Travelling to the EU during the Pandemic

Since the outbreak of Covid-19, a lot of areas around Europe have enforced quarantines on those entering from Canada. Each country has its own rules, so before you jet off, find out what the current situation is like. These Covid-19 regulations normally depend on the current situation in Canada, and most embassies will post details on their official website. If you can’t see them on their website, consider making direct contact with the embassy’s officials. Keep in mind that these rules are subject to change, so you should find out the details before you travel.

If you are fully vaccinated, you should have no problems getting into most countries throughout the EU. However, the EU doesn’t recognize every vaccine, even some that are approved by the WHO.

Most of the European countries are accepting fully vaccinated Canadians, but they will ask to see your proof of vaccination. Make sure you bring your travel health certificates with you, as they will show the dates when you received your first and last vaccination. If you haven’t received your vaccinations, then you might be allowed to enter without going into quarantine if you have already had the virus, as long as you have your PCR test completed.

What is the Visa situation for Canadian’s wanting to go to Europe?

At the moment, as long as you have your Covid-19 documents prepared and a valid Canadian passport with at least three blank pages, Canadians should have no issues entering the EU. However, this is going to change in the near future. From the beginning of 2023, Canadians who wish to go on a vacation or plan on working in the EU will have to apply for a travel pass. If you want to enter all the countries in the Schengen Area, you will need to apply for this travel pass online first. This pass is known as the European Travel Information and Authorization System (ETIAS). This electronic scheme was made so the EU can keep track of those travelling around the EU. Canada already has a similar system in place known as the Canadian Electronic Travel Authorization.

You must apply for this before your travel to the EU, but until then, you can still enter with a valid passport. A lot of folks misunderstood the new process and thought it was going to start in early 2021, but the EU released a press release to explain that the changes will be enforced in 2023. However, this isn’t a visa that grants people access to the EU.

What is the Legalization of a Document?

Authentication or legalization of a document that is issued in Canada is a process that will verify, prove, and confirm the genuineness of the position of an official. Each document needs to be stamped by authorized people to allow for it to be recognized throughout the EU.

A lot of the time, the process is theoretically easy. You must submit the documents to get Global Affairs Canada. Every single document must get an official stamp if they are to be recognized. Once they are all stamped, you might have to submit them to the country’s embassy in Canada on where you are planning on going to in the EU so they can be legalized.

Conclusion

Although the process sounds easy, if you are an individual company wanting to do business in the EU, the process can cause a lot of stress. Trying to source the correct documentation and other paperwork might prove to be a lot more challenging than you initially thought. If you have invested heavily, and you are desperate to get to the EU as soon as possible, the process might take a lot longer if you plan on doing it all yourself.

There are plenty of agents out there that can help you through the entire process. They will review your documents before you hand them over to Global Affairs and the embassy, and they will be able to give you expert advice on the process. Experienced agents will understand the current requirements that the Global Affairs officials are looking for. Without having these documents organized before your trip who will struggle to do business in the EU. If you do business without having the paperwork on hand, you could find yourself in trouble with authorities in the EU, which will reflect badly on your business the next time you plan on working inside the European Union.

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Energy News

IRENA and the ESA Agree to Advance Energy Transition in Space Activities

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The International Renewable Energy Agency (IRENA) and the European Space Agency (ESA) signed a Memorandum of Understanding (MoU) today to advance the global energy transition through space-based services and products. The new partnership was signed by the two Director-Generals Francesco La Camera and Josef Aschbacher in pursuit of the common goal to ensure sustainable long-term socio-economic development within planetary boundaries.

Data and images from satellites can play a significant role to help countries better assess the geographical potential of renewables, identify the best locations for projects, forecast weather patterns and support long-term planning of new renewable generation capacity and infrastructure.

Francesco la Camera, IRENA’s Director-General said: “Today’s partnership opens a new avenue of cooperation to advance the international cooperation on energy transition globally. While an energy system underpinned by renewables is key to decarbonising our world in line with climate goals, renewables bring socioeconomic benefits with economic opportunity and social equity at its heart. By combining IRENA’s knowledge on energy transition with ESA’s space research and technology, we can accelerate the low-carbon energy transition and promote sustainable growth.”

Under the agreement, IRENA and ESA will make use of space assets and data to improve renewable generation site location, access to energy, electrification modelling, renewable resource mapping and smart grid planning. Urban energy system planning with focus on local renewables may also benefit from satellite data while enhancing system resilience.

Making use of digital technologies including 5G and combining for example satellite imagery with artificial intelligence and big data provide a unique opportunity to enable a wider space economy and support energy transitions across the world.

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