BusinessHub

Each of the generations currently occupying the American workforce have distinct characteristics when it comes to what motivates them, what their beliefs are, and which qualities they prioritize in a professional environment. With so many different ways of thinking, working, and solving problems, it’s important to discuss generational differences and learn how to communicate effectively with team members of any age.

In 2016,¹ a hospital in California was the victim of a ransomware attack. Hackers shut down the internal computer system at Hollywood Presbyterian Medical Center for over a week, encrypting protected patient files, emails, billing, and other sensitive data.

Cyber crime is a clear and present danger. Most, if not all, organizations take precautions to avoid loss from traditional robberies or theft, but may not give cyber security a second thought. However, getting hacked could put your proprietary and/or confidential business information, your customers' private information and assets, and your organization's reputation on the line.

Retirement plans have long been touted as an effective tool for companies looking to improve their recruitment and retention rates. Strategically developing procedures around retirement and other benefits programs for employees at various stages of their careers is one way to ensure that your company is optimally leveraging its retirement benefits.

Your potential employees consider several things before they decide to accept your employment offer. Gone are the days of simply evaluating the dollar amount of an annual salary offer to decide whether or not a company is right for one’s career path. In order to thrive in today’s highly competitive job market, it’s important that your company offer robust health and wellness benefits.

Building and leading a team that perfectly exemplifies your financial institution’s mission, vision, and values starts with defining your mission, vision, and values. These components are critical for any business endeavor, as they will come to define its ultimate purpose, drive business goals, and create room for your corporate culture to develop and evolve.

Since the advent of the internet, cyber attacks and data breaches have become one of the biggest threats to businesses, and the most valuable currency is customer data. Cyber criminals have become some of the most sophisticated and stealthy offenders, simply because they can act covertly from anywhere with an internet connection.

If you’re planning on selling your business, you already know that there is no end to the important factors you need to consider before the sale. One of the strategic planning issues that often goes overlooked by business owners is the importance of securing key employees before the company is sold to ensure a smooth transition and command maximum value for your company.

As an employer, you have many responsibilities. Aside from building a successful business, you also have a number of obligations to your employees. In a job market with unprecedentedly low unemployment rates, employees have the upper hand when it comes to their job prospects. Given this fact, in order to attract and retain top talent, businesses must not only strive to offer their employees competitive employee health benefits packages, but they must also provide them with career growth and development opportunities, such as upskilling.

For job seekers, a strong economy and low unemployment numbers have created an environment in which they hold the upper hand in hiring and salary negotiations. As a result, many have begun asserting their right to “hold out” for the best offer.