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BusinessHub

SWBC's BusinessHub blog is a one-stop resource for business owners and company decision makers.

 

Defining Your Company's Mission, Vision, and Values

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.

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15 Binge-Worthy Stats You Need to Know About Cyber Breaches

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.

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Securing Key Employees Before the Sale of a Business

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.

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The Key Benefits of Upskilling

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.

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What Are Your Company's Obligations as a Retirement Plan Sponsor?

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.

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5 Wellness Program Perks Every Business Owner Should Know

Wellness programs started as a perk for large corporations and have since become an attractive employee benefit for businesses of all sizes. Implementing and supporting a corporate wellness program is one way that many businesses are trying to build a culture of health and fitness for their employees and their bottom line.

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Identifying Your Company's Training and Development Needs: Employee Feedback

The best business leaders listen to their employees and go out of their way to solicit feedback and input. All employees want to feel valued and heard, and when you empower your employees to share their ideas and provide honest feedback and opportunities for improvement, your entire organization can benefit and improve because of it.

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The Importance of Compensation Benefits for Key Employees

Building a team of trusted and knowledgeable individuals to lead a business takes time, and once you have those employees, you don’t want to lose them. Talented employees know the value they bring to a company, and it’s important to them to receive a compensation benefits package that meets their needs. Keep reading below to learn about the importance of compensation benefits to key employees and an organization!

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The Benefits of Forming a Workplace Safety Committee

When you own or run a business, ensuring the safety of your workplace and employees is a top priority. Improving safety at your business is one way to help mitigate risk and provide a positive workplace environment for your employees. Forming a safety committee at your organization can help you reduce the likelihood of on-the-job accidents, injuries, and illnesses.

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Improving Your Employees' Experience Without Breaking the Bank

Though trends often come and go, cost-saving movements tend to gain momentum and stick around—particularly for businesses. One area frequently targeted for savings by employers is employee benefits. It’s easy to see why companies are trying to reduce costs: according to the U.S. Department of Labor, employee benefits account for about 1/3 of total spending on employee compensation.

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