6.24.22

Friday Five Business Briefing – June 24, 2022

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Here’s news you can use in a constantly changing business environment, including rising wages for industrial workers, how companies can adapt to endure economic hardship, how to turn disorganized thoughts into gold and more.

  1. Rising industrial wages in West Michigan — Entry-level pay increased sharply for industrial employers. A tight and fiercely competitive labor market means a spike in jobs paying $15-$17 an hour. Learn more about the increase in industrial wages.
  2. Now isn’t the time for rapid growth — A venture capital firm says that companies who plan for the worst avoid the death spiral. Discover three ways your company can ‘Adapt to Endure’ tough times.
  3. The way to retain veteran employees — Job switchers got a bigger pay bump than loyal employees during the Great Resignation. Learn why now is the time for retention raises.
  4. The childcare conundrum — Workable childcare options remain elusive for employees planning a return to the workforce. Explore how companies can support employees’ childcare needs.
  5. Turn disorganized thoughts into gold — Untangle your to-do list from your big, passionate ideas with a brain dump onto a blank canvas. Discover how a creative technique can help you visualize your ideas.

Thank you to our Friday Five sources: MiBiz, Inc, McKinsey and Fast 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 office.

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Consumers business services

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

Learn more

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