8.20.21

Friday Five Business Briefing – August 20, 2021

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Here’s news you can use in a constantly changing business environment, including how some employers might impose a health surcharge for unvaccinated employees; the differences in promotions directed at Gen Z; how to entice reticent people back into the workforce and more.

  1. Exchanging carrots for sticks — With a slowdown of COVID-19 vaccination rates coupled with an increase of the Delta variant, some employers are considering health coverage surcharges for unvaccinated employees as an alternative to mandates. Learn more about such surcharges according to Mercer.
  2. The difference between Gen Z and Millennials — There are five ways Gen Z differs from Millennials including the social media platforms they prefer (Snapchat, Instagram and Tik Tok); how they value diversity and inclusion efforts; a preference for brands that promote their sense of self and more. Discover the keys to marketing to Gen Z in this article by Entrepreneur.
  1. Do you know the rule of recognition? Focusing on what a person does right encourages them to continue with positive actions. See how it’s done right according to Inc.

  2. Sleepwalking into a mental health crisis — Businesses are beginning to recognize the dangers of “pleasanteeism” – when employees put on a brave face and present the best version of themselves to mask anxiety. As the pandemic continues, the problem is growing worldwide. Explore ways that employers can improve employee well-being according to Fortune.
  1. How to fill open jobs — For employers struggling to hire workers, higher pay, not just signing bonuses, is one way to get more people in the door, and to subsequently stay there. Discover three more ways to attract employees according to Kellogg Insight.

Thank you to our Friday Five sources: Mercer, Inc., Entrepreneur, Fortune and Kellogg Insight.

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.

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

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