4.30.21

Friday Five Business Briefing – April 30, 2021

Tags:

Mentor meeting with her mentee
Consumers business services

Do you have business banking questions? Contact our knowledgeable business development managers.

Learn more

Here’s news to help you in a constantly changing business environment, including tax credits for employee retention; starting salaries for 2021 graduates; legal issues of managing a remote workforce; and more.

  1. Get the Employee Retention tax credit — New IRS guidance could save your company money on the employer share of Social Security tax equal to 70% of the qualified wages you paid to employees after 12/31/20 and through 6/30/21. Get the full story.
  2. Starting salaries up for the class of 2021 — Those earning bachelor’s degrees this year will get higher compensation compared to last year. Computer science majors see the greatest jump with an increase of 7.1%, while humanities majors get an 11% bump. Get more stats by academic discipline.
  3. Managing a remote workforce — A year after the pandemic hit the globe, employers must now think about the legal implications of long-term remote work. Discover the legal lessons companies learned about managing a remote workforce, including taxes, medical leave and data confidentiality. 
  1. Green roofing shingles — Asphalt shingles are typically tossed into a landfill when they reach the end of their life and take 300 years to decompose. Roofing giant GAF has figured out how to recycle them and combine them with new raw materials to create new shingles. Learn how it’s done and maybe become inspired to recycle your product.
  1. Why mentoring matters — Successful mentors help others see qualities in themselves that they might not otherwise see. See what a leader of Big Brothers Big Sisters has to say about the role of mentors.

Thank you to our Friday Five sources: Michigan Chamber of Commerce, SHRM, Venable LLC, Fast Company and McKinsey.

Do you have business banking questions? Contact our knowledgeable business development managers online or call 800-991-2221. We’re also available to help in person at your local office.

Federally insured by NCUA

Consumers business services

Do you have business banking questions? Contact our knowledgeable business development managers.

Learn more

Leave a Reply

Your email address will not be published. Required fields are marked *

Enter your email address to receive notifications of new posts by email.
Get awesome new content delivered straight to your inbox.