In a tight labor market, companies are offering a range of benefits and incentives to address the need for a qualified workforce comprised of Boomers, Gen Xers, and Millennials. But are companies striking a balance between the incentives they offer and those that potential employees value?
Incentives that address the work environment, career development, and compensation are attractive, and they are being offered by a plurality of middle market companies to attract and retain a desired workforce in a tight labor market. But age can have a profound impact on the way incentives are viewed. Management will need to strike a balance betwe...
The frequency and scope of cyberattacks are growing rapidly, with breaches becoming a significant threat to a business’s reputation and sustainability. No industry or business size is immune to a cyberattack, and small and midsize businesses typically face more acute risks. With cyberthreats evolving and becoming more prevalent, what can your...
Companies have been employing digital technology for years, but they are only now committing themselves to pursuing durable digital transformations. The shift signals a changed outlook from recent years, when digitization efforts tended to be more tactical than strategic. Companies invested in technological upgrades, remaking individual functions s...
Diversity of perspectives, experiences, cultures, genders and age is essential to any U.S. organization’s success today. It’s that collection of differences that pushes a company’s ability to innovate and grow in a fast-paced, competitive environment. Learn where they stand, what they’re doing now and what they can do to mov...
With the current volatility in the global economy and ongoing technological innovation and disruptions, gender diversity is more important than ever. Business leaders around the world recognize that gender diversity—one that is rooted in an inclusive culture—is a competitive differentiator with many advantages, including commercial succ...
Innovation doesn’t happen in a straight line. A wide diversity of perspectives and experiences is needed to spark the new connections so critical to innovation. Organizations have the greatest chance for truly groundbreaking innovation when they tear down silos, cross boundaries and be intentional about learning from the unfamiliar, unknown a...
There is great responsibility when serving the ultra-high net worth clients, especially those who are concerned about preserving a family legacy and the successful transfer of their wealth and/or business. In this issue of Family Wealth Advisors Insights, three areas of concerns are addressed for the advisors and their families: maximizing their fo...
When it comes to preparing their people for the future, U.S. CEOs know there’s work to do. They’re increasingly concerned about finding the right skills for growth. And workers are worried about the effects of automation and other technologies on their jobs. Key findings from the 21st CEO Survey show that while leaders are making some strides in pr...
Despite highly publicized handwringing over geopolitical uncertainty, corporate misbehavior, and the job-killing potential of artificial intelligence, the 21st CEO Survey reveals surprising faith and optimism among chief executives in the economic and business environment worldwide. Ironically, it is the CEOs who have been in office longer—11...
The number and scope of women-owned businesses have risen at an unprecedented rate. In an era of new opportunities, this paper profiles eight courageous and resilient women who share their personal stories and the lessons they learned building successful businesses. One theme that emerged from these women’s stories was the critical role of mentorsh...
Workplace harassment costs employers millions of dollars every year through poor employee morale, higher absenteeism, reduced productivity and costly settlements and lawsuits. Employers need to create the right culture, supported by appropriate policies and training. With the recent stunning revelations from Hollywood, the Media and Washington have...
The Tax Reform Act contains sweeping changes and impacts all taxpayers, from individuals to businesses, and the rules for each category are different. Generally, the changes made for individual taxpayers, including the pass-through rules for business entities, are effective from January 1, 2018 to December 31, 2025. If no changes are made by Decemb...
Now that the Tax Cuts and Jobs Act is law, it is helpful to have a checklist for determining how tax reform changes your employee benefit programs and a chart outlining the key benefit plan limits for 2018. Also in this issue of HR Focus, we revisit what sexual harassment is and what employers should be doing to prevent it, address it and help prot...
At the heart of risk management is a gloomy truth: You can never achieve zero risk. In a world of limited resources there are always tradeoffs to be made: how much to invest here and how much there, how much risk to tolerate and how much to mitigate or insure against. To answer those questions, risk quantification is necessary—to estimate how...