Here’s news you can use in a constantly changing business environment, including two key drivers of health care costs, trends in organizational shifts, the risk of using public Wi-Fi and more.

1. Key drivers of health care costs — Health care costs are expected to rise 10% in 2023 and two things have caught the attention of Congress and the FTC: pharmacy benefit managers and a lack of competition in the health care industry.

 

2. Significant shifts facing organizations— Organizational shifts are both challenging and harbingers of opportunity, depending on how your organization is prepared to handle them. Organizations that are prepared to bounce forward will gain significant advantages. Discover the ten organizational shifts businesses are currently facing.

 

3. How risky is public Wi-Fi? The most common places people use public Wi-Fi are restaurants and hotels. With the convenience, using public Wi-Fi comes with risks. Of the people who utilize public Wi-Fi, 40% have had their information compromised.

 

4. One word to help create change— Twitter’s new CEO, Linda Yaccarino, offers a lesson in using emotional intelligence for change management with one word: together.

 

5. The results from 930 million professionals are in — Trends discovered from LinkedIn data include evidence that skills-based hiring leads to more diverse workforces and how AI is disrupting middle-tier jobs.

 

Thank you to our Friday Five sources: Human Resource Executive, McKinsey & Company, Forbes, Inc. 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 Consumers office.

Federally insured by NCUA