The CBIZ Small Business Employment Index (“SBEI”) reported a stark increase in small business hiring in June, with a seasonally adjusted reading of 1.82%. This marks a turnaround in small business hiring over April and May, which recorded the top two greatest declines in the 11-year CBIZ SBEI history. The CBIZ SBEI tracks payroll and hiring trends for over 3,400 companies that … [More]
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June Small Business Hiring Shows First Signs of Economic Recovery, Says Biz Firm Index
Rick McCartney
Employees Would Take a Pay Cut to Avoid Going Back to Place of Work, Says Study
by Mike Hunter
Salary Sacrifice: American employees would take a $316 pay cut each month to avoid going back to their place of work, reveals study. 57% of employees say they will request to continue working from home to avoid contracting coronavirus in the workplace. 2 in 3 say they have been more productive working from home than at their usual workplace. 1 in 10 are happy to see … [More]
Why Pivoting to E-Commerce Is the Only Way Forward for Retailers to Survive
by Dan Khasis
The coronavirus pandemic has hammered brick-and-mortar retailers hard. Giant retailers like TJX Companies had to shut down all their stores and their revenue fell by more than 50 percent in the first quarter. In fact, Coresight Research estimates that around 20,000 to 25,000 stores could close this year. To mitigate the rising losses and keep businesses afloat, many traditional … [More]
Travel Resuming, Only 44% of Americans Planning Trips in 2020 Study Says
American Hotel & Lodging Association
A survey conducted by Morning Consult commissioned by the American Hotel & Lodging Association (AHLA) found that only 44 percent of Americans are planning overnight vacation or leisure travel in 2020, with high interest in road trips, family events, and long weekends over the summer months. Encouragingly, 68 percent of these expectant travelers say they are likely to stay … [More]
Revenue Is Top Concern in East Valley Chamber Alliance 4th Business Impact Report
East Valley Chambers of Commerce Alliance
The East Valley Chambers of Commerce Alliance (EVCCA) conducted the fourth in a series of surveys of its more than 5,000 members to determine the immediate impact of the COVID-19 pandemic on their revenue, operations, and supply chains. The report includes responses from 20 industry sectors and nearly 70 percent of respondents represent businesses with less than 20 … [More]
As COVID-19 Cases Spike, Nurses Need More Than PPE
by Mike Hunter
Across the U.S., coronavirus infection rates are surging, with no end in sight. If you're a nurse, you may feel like you're sinking. Sure, you soldier on, working long shifts, comforting desperately ill patients, grieving losses, and protecting yourself as best you can. But Rich Bluni says all the PPE in the world can't protect a nurse's spirit. "It's that sense of purpose … [More]
Has the World Forgotten Healthcare Workers? (What Leaders Can Do to Keep the Support Coming)
by Gary R. Simonds, MD, MHCDS, and Wayne M. Sotile, PhD
For a while, the whole world was celebrating healthcare professionals. The news and social media were filled with heartwarming videos of entire cities of people cheering and clapping to show their gratitude for frontline workers. Lately, not so much. Our national focus seems to have shifted to other issues, but COVID-19 isn't going anywhere—and neither is the need to support … [More]
5 Reasons Company Leaders Resist Needed Change – Even during This Crisis
Myrtle Consulting Group
The thought of change can be scary, even more so during the type of crisis we’re experiencing now with the COVID-19 pandemic. Although there are business leaders who are already implementing change in response to the challenging economic and operational landscape, many others are not. “Sometimes the writing is on the wall and organizations are triggered to change,” … [More]
One in Six Americans Have Their Boss’s Personal Phone Number According to Research
The Instant Group
The idea of friendship applies as much to our personal lives as it does to our professional ones. According to research collated by Coworking Specialists Instant Offices, having friends in the workplace makes you more engaged and happier. In fact, it is so important, 10% of US employees have left a job because a friend did. Even a recent survey revealed that 68% of Americans … [More]
The Workplace Redefined; Preparing for the New Normal
The HON Company
Work-from-home arrangements were made almost overnight as the pandemic forced the implementation of stay-home orders. While the transition was sudden, American businesses and workers have risen to the occasion. Video conferencing platforms like Zoom and Google Meet have become household names, and many companies are now strongly considering regular work-from-home policies as a … [More]
New Report Refutes Claims That Market Concentration Is Leading to Widespread Monopoly Power
Information Technology and Innovation Foundation
A number of scholars and pundits have alleged that market concentration is steadily increasing across the U.S. economy, leading to a decline in competition. But a new report released today by the Information Technology and Innovation Foundation (ITIF), the leading think tank for science and technology policy, finds that in spite of the rise in concentration in some industries … [More]
All In Or Out? How Business Owners Can Deal with COVID’s Cloudy Future
10x Catalyst Groups
As the coronavirus pandemic continues, small businesses have reopened across the nation but certainty and optimism are a long way from being restored. Spikes in infections in many states, double-digit unemployment, consumer and lender concerns, and steep economic challenges in the wake of a long shutdown make it difficult to forecast if and when many companies will fully … [More]
The Interview Dance May Be Your Date with Work Destiny
by Mike Hunter
"We're often told how to prepare for an interview—how to wear our hair, what clothes to don, how to behave, and how to answer questions. What we're not always told is that the interview is a two-way dance," says career coach Tamara S. Raymond, author of the award-winning book Careering: The Pocket Guide to Exploring Your Future Career and creator of Careering for Youth: The … [More]
Just 30% of Workers Are More Productive Working from Home
The Manifest
Fewer than one-third of employees (30%) say they're more productive working remotely than in an office setting, according to a new survey from The Manifest, a business news and how-to website. Nearly half of employees (45%) are more productive working in an office, and 24% say they're equally productive working from home and in an office. As the coronavirus pandemic … [More]
Findings on Sentiment vs. Engagement in Capturing Brand Affection
Talkwalker
Who do you love? Consumers clearly have their favorites when it comes to brands and international social media analytics firm Talkwalker has the data to prove the most loved brands on social media. But just because a brand is mentioned more often in social media, doesn’t mean that it will always trend higher in terms of how consumers feel about that brand. Talkwalker used a … [More]
Valley-based Grocer Foundation and Tea Co. Partner to Benefit School Programs
Sprouts Farmers Market
The Sprouts Healthy Communities Foundation and The Republic of Tea, a leading purveyor of premium teas and herbs, are pleased to announce their continued partnership to support school garden programs. The Republic of Tea will donate $1 to the Foundation for each Hibiscus Sangria Iced Tea and Blackberry Sage Iced Tea tin sold at Sprouts 350 locations across the … [More]
U.S. Medicaid Costs Will Hit $1 Trillion by 2027
LearnBonds
As millions of Americans file for unemployment insurance and joblessness in danger of approaching 1930`s levels amid coronavirus outbreak, the skyrocketing costs of the US health care become even more troubling. Ever growing health care expenses were a massive burden for states even before the COVID-19 pandemic. However, with the US unemployment rate currently at 13.3% the … [More]
New Research Shows Impact of COVID-19 on Small Business Finances
JPMorgan Chase Institute
The JPMorgan Chase Institute released new research examining the initial impact of the COVID-19 pandemic on U.S. small business finances. This research is part of a series of insights that uses neareal-time data to investigate the economic impact of COVID-19. Findings include: Small business cash balances dropped 12.7% and revenues dropped as much as 50% at the onset of … [More]
