12.22.23

Friday Five Business Briefing – December 22, 2023

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Consumers business services

Do you have business banking questions? Contact our knowledgeable commercial loan officers.

Here’s news you can use in a constantly changing business environment, including a significant boost in consumer sentiment, how to gather competitive intel with AI, unique quotes to kickstart 2024 and more.

  1. Consumer sentiment soars — This month’s 13% increase in consumer sentiment erases declines from the previous four months. Plus, there was a broad consensus of improved sentiment across age, income, education, geography and political identification. Get the full survey results.
  2. Gathering competitive intel with AI — Artificial intelligence is being used by leaders in marketing, strategy and competitive intelligence to unearth strategically relevant insights about competitors from public information. Take a deep dive.
  3. The flex-tirement option — An estimated 10,000 people will turn 65 every day next year, yet many aren’t seeking retirement. Instead, they’re opting for flex-tirement to transition to fewer hours while still receiving benefits. See how the policy works for one ad agency’s employees.
  4. Key workforce education measures — To know if your workforce education is worth the investment, one of the key measures is the “program take rate” or the percentage of eligible employees participating in the program. Discover all 10 must-know metrics for 2024.
  5. “2023: Thank you for all the lessons. 2024: I am ready” — As we move and groove into the last week of the calendar year, consider these 18 unique quotes to help kickstart your new year.

Thank you to our Friday Five sources: University of Michigan, Harvard Business Review, Employee Benefit News, HR Executive, and Art of Poets.

 

All loans subject to approval. Rates, terms and conditions are subject to change and may vary based on credit worthiness, qualifications and collateral conditions. Federally insured by NCUA

Consumers business services

Do you have business banking questions? Contact our knowledgeable commercial loan officers.

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