12.8.23

Friday Five Business Briefing – December 8, 2023

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Here’s news you can use in a constantly changing business environment, including improvements in Michigan’s tax and business climate, what Gen Z wants at work and how to integrate strategy to execute a shared vision.

  1. Michigan tax climate improves — The annual State Business Tax Climate Index ranks Michigan No. 11 this year, one slot up from last year. Dig deeper into the report from the Tax Foundation.
  2. Business climate improvement — Michigan climbed 8 spots, up to No. 12, in the Site Selection Magazine’s list of Top State Business Climate Rankings. The jump is attributed to strong job growth and advanced manufacturing leadership. Read more.
  3. An inadvertent hiring policy — Return to office (RTO) policies may unintentionally roll back progress made toward gender equality in the workplace. An inflexible RTO approach is pushing women out. Discover more about the dynamics of RTO policies.
  4. What Gen Z wants at work — Psychological safety—where employees feel comfortable challenging the status quo, taking risks, and admitting mistakes—is highly valued by Gen Z. See how psychological safety helps employees and companies thrive.
  5. Integrating strategy — Strategy transforms conceptual blueprints into actionable guide for daily operations. To be effective, every member of your organization needs to understand and embrace a shared vision. Learn how to integrate strategy into everyday tools.

Thank you to our Friday Five sources: Tax Foundation, Michigan Economic Development Corporation, Entrepreneur, Fortune and Fast Company.

 

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Consumers business services

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

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