7.21.23

Friday Five Business Briefing – July 21, 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 report that shows a lack of evidence for deglobalization, how internal reskilling can address the skills shortage, ways to effectively evaluate employee performance and more.

  1. Decoupling without deglobalization — The 2023 DHL Global Connectedness Index shows no signs of a sustained downturn. Although there is a broad pattern of decoupling between the U.S. and China there is no evidence that globalization is giving way to regionalization.
  2. Developing skills for the future —  CEOs are pessimistic about their companies’ ability to find the right skills and talent for the future and a talent shortage may mean some organizations will cease to exist over the next 10 years. To solve the problem, companies need to look beyond recruiting and put additional focus on internal reskilling.
  1. Use meetings to improve employee well-being— Starting meetings with breathwork can make a big difference in the mental health and well-being of your staff. That’s because mindful breathwork reduces stress and lowers blood sugar.
  2. How do you measure employee performance?— Performance evaluations typically compare team members to others or evaluate everyone independently. Discover which employee ranking system is best for your team.
  1. The recipe for agile transformation — Insights from over 2,000 global respondents reveal the practices that deliver real business impact.

Thank you to our Friday Five sources: Harvard Business Review, HR Executive, Forbes, Kellogg Insight and McKinsey & Company.

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

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Consumers business services

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

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