Here’s news you can use in a constantly changing business environment, including CEOs’ outlook for the economy, what employers are doing to keep talent, why it’s important to personalize customer experiences and more.

1. Reduced head counts may be ahead — In a survey by KPMG, more than 90% of CEOs believe the U.S. economy will be in a recession with in 12 months and that it will be difficult. Already, many companies have started cutting costs with mass downsizings, hiring freezes and job cuts.
2. Employers are boosting benefits to keep talent — 60% of employers say they’re considering adding a new insurance benefit within the next two years. Interest is more prevalent among mid-sized and large companies as a way to stand out in the competition to attract and retain talent. Read how employers are doubling-down on benefits in response to the talent war.
3. What bosses and employees agree on — Leaders and workers agree that people crave meaningful connection at work. Without it, they’re willing to quit. Discover why social connection needs to be a business priority.
4. What consumers really want — A survey shows that 80% of consumers want personalized experiences from retail vendors. Businesses that make people feel like their experience was made just for them will ultimately earn more sales. Learn how to personalize your customer journey.
5. Put it in plainly — Researchers confirm that simple, direct writing in disclosures like 10-Ks can help attract more investors, cut the cost of debt and equity and save money and time on audits. Discover more about the power of clear writing.

Thank you to our Friday Five sources: Forbes, HR Executive, CNBC, Entrepreneur and Harvard Business Review.

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