Combating Employee Hesitancy to Return to the Office

According to the January 2022 Future Forum Pulse survey, there’s been a shift in what workers want post-pandemic. The report found that in Q4 of 2021, 78 percent of workers from six industrialized companies wanted location flexibility. The survey also found that 95 percent desired schedule flexibility. This is in light of the same survey finding that 72 percent of employees desire greater flexibility from their current places of employment. Those same workers reported that if they can’t find more flexible arrangements, they would seek out another employer that provides [...]

2022-05-01T12:00:04-08:00May 1st, 2022|

Considerations When Selling a Business

According to the U.S. Small Business Administration and Project Equality, 60 percent of business owners plan to cash out of the business in the next 10 years. For the baby boomer generation, it's especially important as they contemplate retirement, with this generation reportedly owning 2.3 million businesses. When it comes to getting a business ready for sale, there are many components to review and get organized before looking for prospective buyers.The first thing owners looking to sell their business are being asked is why they're selling. This may occur for [...]

2022-04-01T12:00:04-08:00April 1st, 2022|

How Businesses Can Stay Current with the Digital Economy

According to the U.S. Chamber of Commerce, the level of usage and data swirling around the internet is expanding at an accelerating pace. The amount of data on the internet globally during 2020 amounted to 3 trillion gigabytes; and 2022's traffic is expected to increase to 4.5 trillion gigabytes. As a result, the U.S. Chamber of Commerce is concerned about the challenges American companies will have when it comes to business competitiveness.According to a survey from Statista titled “Challenges encountered as a result of digital transformations in global organizations as [...]

2022-03-01T12:00:04-08:00March 1st, 2022|

What’s the Future for Measuring Employee Performance?

Yearly performance evaluations just might be heading out the door, according to a recent WorkHuman Analytics & Research Institute Survey. Findings reveal that these appraisals are less than effective and used less often. Based on select findings, 55 percent of employees responded that yearly evaluations don't help them become better in their role. Almost as many, 53 percent, indicated that annual reviews recognize an employee's complete workload. The survey also found that only 54 percent of businesses used annual reviews in 2019, compared to 82 percent of workers saying their [...]

2022-02-01T12:00:04-08:00February 1st, 2022|
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How Businesses Can Combat Inflation’s Toll

According to the U.S. Bureau of Labor Statistics (BLS), the Producer Price Index (PPI) or the increase in prices, goods and services that producers experienced for their input costs, saw a substantial rise, according to its latest report issued on Dec. 14.For November 2021, the PPI grew by 0.8 percent. For the past year ending in November 2021, it rose by 9.6 percent on an annualized basis. According to the BLS, this is the hottest PPI reading since this metric originated in November 2010. With costs not appearing to abate [...]

2022-01-01T12:00:04-08:00January 1st, 2022|

How Businesses Can Recognize and Combat Employee Burnout

According to the job site Indeed, COVID-19 has taken a toll on workers even more in 2021, compared to 2020. The survey conducted by Indeed found that 52 percent of those surveyed felt “burned out” in 2021. Sixty-seven percent of those asked said that feeling burned out has become more pronounced as COVID-19 has progressed. It's more noticeable among remote workers (38 percent), compared to 28 percent of employees working in person.Gallup reported in October 2020 that between 2016 and 2019, worker burnout was already on the radar. Once COVID-19 [...]

2021-12-01T12:00:04-08:00December 1st, 2021|

How to Develop Company Travel Policies Post-COVID

According to a recent U.S. Travel Association forecast, only about one-third of companies are requiring their employees to travel. With business travel still at a low, how can companies develop a travel policy that reduces the risk of COVID-19?Occupational Safety and Health AdministrationWhen it comes to business travelers, whether employees are traveling domestically or internationally, OSHA recommends employers consult the Centers for Disease Control and Prevention (CDC) for guidance.Travel GuidanceThe CDC advises against traveling internationally if someone is not vaccinated, is exposed to, sick with, tests positive and/or is waiting [...]

2021-11-01T12:00:04-08:00November 1st, 2021|

How Businesses Can Help Employees Improve their Skills

Based upon a recent McKinsey Global Survey, nearly 9 in 10 (87 percent) of management and above level respondents affirmed they are currently, or within the upcoming five years, dealing with the skill gap among their employees. With the vast majority of businesses experiencing or forecasting a skills-gap, how can they close or reduce this challenge?Due to the so-called “Fourth Industrial Revolution,” as the World Economic Forum (WEF) explains, the best scenario it sees is 54 percent of workers requiring “reskilling and upskilling by 2022.” However, the WEF points out [...]

2021-10-01T12:00:04-08:00October 1st, 2021|

How and Why to Develop a Bring-Your-Own-Device Policy

With the internet available for essentially all employees and remote work becoming a part of more businesses’ operations, developing a bring-your-own-device (BYOD) policy is almost necessary to help employees be more productive and safe while working. Research shows there are many reasons why businesses should develop the right type of BYOD policy.According to Intel and Dell, 61 percent of Gen Y and 50 percent of workers 30 and older think the electronic devices they use at home are more capable in completing tasks in their everyday life compared to their [...]

2021-09-01T12:00:04-08:00September 1st, 2021|

How Businesses Can Harness Demand Forecasting

According to the Bureau of Economic Analysis, consumer spending has seen some interesting trends over the first half of 2021. May was flat, April was at 0.9 percent, March was 5.0 percent, and February was at 1.0 percent. With varied consumer spending statistics as the nation comes out of the pandemic, it’s important for businesses to get demand forecasting as accurate as possible.According to The University of Tennessee, Knoxville, demand forecasting is “a method for predicting future demand for a product.” It’s a calculated method to plan for inventory and [...]

2021-08-01T12:00:04-08:00August 1st, 2021|