While news of vaccines on the horizon signal hope, some analysts think a sizable chunk of the U.S. economy has been damaged permanently by COVID-19, with more layoffs and business closures still to come in 2021. But to others, the future of a “new economy” in the post-COVID world is bright, opening doors for entrepreneurs, working professionals and small-to-medium business … [More]
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Salary Budget Increases Projected for 2021 on Par with Those Recorded for 2020, Says Survey
XpertHR
The median projected percentage change for total salary budgets from 2020 to 2021 is an increase of 3.0%, according to XpertHR's 2021 Salary Budget Survey of 460 US employers. This increase matches the actual median percentage change for total salary budgets from 2019 to 2020. In fact, when looking at the median percentage changes in salary budgets for individual employee … [More]
55% of People Found Professional Success More Challenging in 2020 as 30% of Employees Experience Burnout
The Manifest
The past year has been a tough year for the average worker. Employees dealt with the COVID-19 pandemic, working from home, economic upheaval, and new burdens with childcare and technology. These challenges caused the majority of American workers (55%) to find professional success more difficult in 2020, according to a survey from The Manifest, a business and how-to … [More]
Working from Home for the Holidays: Tips to Stay Productive and Employed
Rick McCartney
The holiday season brings families together, but it also means added distractions for the many people working from home due to the COVID-19 pandemic. How can remote workers keep their focus sharp and their productivity high while noise and interruptions surround them? And what can businesses do to ensure their employees aren’t slacking and projects are on track? “Working … [More]
New Study Reveals that Virtual Reality Skills Training Is Poised for Explosive Growth By 2022
Mursion
Mursion, the industry leader in immersive virtual reality training for emotional intelligence in the workplace, and Future Workplace, an advisory and membership organization that prepares HR leaders for the future of work, today announced their partner study: VR Changes the Game for Soft Skills Training. The report examines the rapidly growing trend of VR simulation training … [More]
Who’s the New Boss? How to Avoid Succession Planning Mistakes
inbusinessPHX.com
Many corporations have endured a rough 2020 that included the resignations of top executives at some major brands. Will their replacements be ready? It’s a fair question, especially if the new company leader is promoted from within. Studies show many senior leaders don’t think their companies properly educate and prepare future leaders for succession. If an organization has … [More]
COVID-19 Stories: Print Franchisee Proves Value as Essential Business
inbusinessPHX.com
The arrival of COVID-19 to Peoria, Ariz., put Tim Earick and Jim McPhetres’ digital print design and marketing center to the test. Their International Minute Press franchise in Peoria – part of the Minuteman Press International family – has been able to remain open as an essential business and best serve their community. Earick, a lifelong print professional, and McPhetres, a … [More]
Could COVID Kill Entrepreneurship? How to Make Sure It Doesn’t
inbusinessPHX.com
It’s no secret that the COVID-19 pandemic has left many existing small businesses struggling, and the continued economic uncertainty threatens to kill the ambitions of entrepreneurs who planned to launch new businesses but now must put their dreams on hold. “This crisis will end up being much worse for small businesses than the 2008-11 sub-prime mortgage crisis,” says Andi … [More]
Survey: 49% of Minority Small Businesses Can’t Afford December Rent
Alignable
Based on the latest Alignable Rent Poll, the ability of small businesses to pay their full rent in December continues to decline, as more COVID-related shutdowns occur. Overall, 35% of small business owners reported that they couldn't make rent this month (up 3% from 32% in November). And for minority-owned businesses, the struggle is even more pronounced: nearly half … [More]
Survey: What Workers Want Is Time Off, Flexibility, Paid Leave
Unum Group
The top three perks workers want from their employers have to do with time away from the office, according to new research from employee benefits provider Unum Group. Paid time off, flexibility or remote working options, and paid family leave are the top non-insurance employee benefits among U.S. workers. Time off tops the list Despite less travel due to COVID-19, paid … [More]
