5.28.21

Friday Five Business Briefing – May 28, 2021

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Here’s news to help you in a constantly changing business environment, including how many people changed or lost jobs in the past year; how to attract talent you need for your business to succeed; and post-pandemic travel tips just in time for the summer travel season that kicks off this Memorial Day weekend.

  1. You’re not imagining the employee turnover — One in three workers changed or lost jobs this year. For those at their jobs for less than two years prior to the pandemic, the turnover was even higher at 62%. The Employee Benefits Adviser describes how this helps explain the current labor shortage.
  2. No one succeeds alone — While innovative ideas often come from one person, implementing them requires the right team. Check out Eight Strategies to Attract the Help You Need to Succeed in Business.
  3. What could you learn from smaller competitors? New research suggests that instead of aiming for big breakthroughs, large companies should focus on incremental but meaningful improvements. Read more in this article from the Kellogg School of Management at Northwestern University.
  1. Cybersecurity mistake? Talk about it — Punishing people who fall for phishing attacks won’t help with cybersecurity. On the other hand, showing empathy and being open to mistakes can help people learn how to stay safe online—in the office, while working from home, and on the road. Check out ZDNet to see how it’s done.

  1. When you’re ready to dust off the suitcase — If you didn’t make plans for the three-day Memorial Day weekend, use these five tips on planning your first post-pandemic vacation and take some time off this summer!

Thank you to our Friday Five sources: Employee Benefit News, Inc., Kellogg Insight, ZDNet, and Forbes.

Do you have business banking questions? Contact our knowledgeable business development managers 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 business development managers.

Learn more

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