Benefits of Enterprise Collaboration Software Are Too Great to Ignore

Enterprise collaboration platforms—sometimes also called enterprise social networks—are changing the way companies operate, including your own. Even if you’re not familiar with the term “enterprise collaboration software”, you’re undoubtedly familiar with the team collaboration tools this term refers to: Workplace from Meta, Slack, and Microsoft Teams.

Just as our personal relationships have evolved to exist online through likes, tweets, shares and group chats, so have our professional relationships. Chatting with your employees or using a poll to determine your next team building activity through might be the norm if your organization has adopted a collaborative social media network in the workplace, also referred to as an enterprise social media network.

On November 1st, 2018 more than 1000 Google employees from Japan to San Francisco protested what they say is a workplace culture that has overlooked sexual harassment and discrimination situations within the company. These demonstrations are in response to years of sexual harassment allegations, multimillion-dollar severance packages for accused executives, and a perceived total lack of transparency over the cases. The #MeToo movement spread virally in October 2017 as a hashtag used on social media in an attempt to demonstrate the widespread prevalence of sexual assault and harassment, particularly in the workplace. These are but two examples of a spotlight on the recent mountain of harassment claims made by victims. Sexual harassment in the workplace, unfortunately, is all too common and is devastating to the individuals experiencing it. It also has substantial adverse effects on the companies’ where this abhorrent behaviour takes place.

Social media is a big part of your marketing strategy, your brand awareness, and your company image. Not only so, but with the rise of chat platforms like Workplace by Facebook, Yammer & Chatter, internal social media networks (or enterprise social media networks) are integral communication tools for making company announcements, talking about upcoming events, uniting workforces and encouraging employee communication. These are all good things. However, unlike other media, social media – both public facing and internal versions are also platforms whereby the content and the conversations that take place are largely out of your control.

The use of collaborative social media within teams has quickly become the new norm for workplaces, whether you’re working in tech, finance, recruiting, or practically any industry across the board.

Social Media - The Emotional Outlet With social media taking over every day in-person interactions between people, it not only affects the way we communicate on a personal level, but also leaves a drastic impact on corporate culture too. Instagramming your first day on the job from your new and fancy office is a great way to create a positive image of your current employer, but what about on the last day when you were let go? Probably not the same - no happy faces or sweet words about the organization, but instead endless negative attacks on the manager, the organization and maybe even your ex coworkers. Maybe the hypothetical case described is an extreme, for many people being let go, coping with the shock is so painful that they feel the need to turn to social media as an emotional outlet. In some places, taking matters too far to defame an employer is actually against the law. A resolution from the Court of Quebec suggests that bad mouthing an employer could lead to fines. As in the case of Ian Ritchie, a former employee of Monseigneur Blanche Residence, who wrote a provocative comment on his Facebook page and was later sued by the owner of the care home he previously worked for. As a resolution to this case, Justice awarded $17,500 to be paid in favor of Monseigneur Blanche Residence.

PageFreezer, a leading provider of website and social media archiving has recently partnered up with collaborative social media network Yammer to provide the add ons of for information governance, compliance archiving and eDiscovery.

Any organization that processes personal information about EU citizens must have systems in place to comply GDPR laws, and prove their compliance with documentation. Even now, many companies are not in full compliance, and this is a major risk as non-compliance can cost organizations up to 20M Euro in fines or 4% of the total annual turnover of the preceding financial year.

PageFreezer, a leading provider of website and social media archiving, has recently partnered with Workplace by Facebook to provide a complete compliance, archiving and information governance solution to users of the platform.

The Markets in Financial Instruments Directive 2004/39/EC (MiFID) came into play in 2007. Established by to regulate investment services, increase competition and enhance consumer protection, MiFID applies to all member states of the European Economic Area including banks, brokers, financial service institutions and advisers and more. On 20 October 2011, the European Commission adopted a legislative proposal for the revision of MiFID which took the form of a revised Directive and a new Regulation The European Parliament and Council reached an agreement to develop MiFR, and MiFID II to further make markets more transparent and better protecting of investors.