Strategic planning and goal setting are incredibly important for businesses of all sizes, as well as for business owners themselves. This process should connect your goals with “why” that goal is important to the activities that people do within the company. A good business coach will guide you through the goal setting process, facilitate the...
OSHA keeps records not only of the most frequently cited standards overall but also within particular industries for each fiscal year. Understanding these standards and taking proactive steps to avoid violations can go a long way toward ensuring workplace safety. When it comes to the manufacturing industry, the following standards were most cited in 2022:...
Despite all the headlines about layoffs hitting Silicon Valley and Wall Street, most employers will be feeling the tailwind of the war for talent in the new year. The labor market has remained stubbornly robust in the face of recession forecasts and the Federal Reserve’s campaign to raise interest rates. Hiring is especially competitive for small businesses. More...
Safety is always important on a construction site, but that is even truer in winter when snow, ice, rain, high winds, and low temperatures can add to the risk of slipping, falling, or other types of injuries. Even equipment used during winter to warm the air for workers or to help concrete set carries its own...
Insurance experts often examine how outside influences and trends affect the insurance marketplace, and businesses should follow suit to determine what factors may impact their insurance coverage. For 2023, there are a number of sweeping market developments to consider. Labor ShortagesThe last few years have seen widespread labor shortages. According to a recent survey conducted...
Insured natural disaster losses hit an estimated $120 billion in 2022, with North America making up the bulk of the tally due to the devastation caused by Hurricane Ian, according to Munich Re. Economic losses reached $270 billion, down from $320 billion in 2021. While overall losses were close to average, insured losses were well...
A June 2020 study by McKinsey & Company found that the pandemic has accelerated the digital economy by 7 years. The digital adoption of applications for corporate work, in conjunction with tech solutions for physical security, is not just a temporary fix. These solutions are here to stay. As new technologies and digital solutions transform security operations,...
Every quarter of society was presented with challenges that began with the COVID-19 pandemic, and the nonprofit sector was no exception. Ongoing economic volatility has placed even more strain on nonprofits as they face greater demand for their services, disruption of operations due to labor shortages and uncertainty over funding. Through it all, nonprofits have...
The employee benefits landscape has undergone rapid and dramatic changes in recent years. 2022 was marked by continued challenges, which influenced how businesses built their total rewards packages. Ways of working shifted, attrition climbed, employee expectations expanded, and rising health care costs drove medical plan rates higher. Heading into 2023, employers will have to adapt to...
Long after the workday ends, risks continue at construction sites, as fire, theft and water can cause significant property damage and can potentially delay project timelines and impact budgets. The presence of combustible materials, the lack of effective security controls and unstable structural elements can make sites more vulnerable to loss. Buildings under construction or...