Here’s news you can use in a constantly changing business environment, including the economic cost of limited childcare availability in Michigan, a plan for cash flow to keep businesses thriving, a way to beat employee burnout and more.

1. Michigan’s annual loss of billions — Insufficient availability of childcare across the state of Michigan results in $2.8 billion in lost economic activity. According to a report by the U.S. Chamber of Commerce Foundation, 63% of parents of young children missed work at least once in the last three months for childcare-related reasons and 14% of parents left a job in the last six months due to childcare issues.

 

2. Payroll trends — Small businesses are steadily adopting the use of payroll software, adapting to changes brought about by remote and hybrid workforces. Additionally, many have an increased focus on data integrity and compliance. Discover the seven payroll trends to watch in 2023.

 

3. Keep cash flowing — The first step in creating a cash flow plan that helps your business thrive is to set up a cash flow projection.

 

4. The 10% planning rule for explosive growth — Limiting planning to 10% of your time helps teams and businesses be more successful. This equates to about one week for every quarter.

 

5. Productivity without burnout— Apple’s strategy to beat employee burnout is to reward people with flexibility and freedom. Discover how the tech company upholds its hustle culture while creating a happy workplace.

 

Thank you to our Friday Five sources: U.S. Chamber of Commerce Foundation, U.S. Chamber of Commerce, Forbes and Inc.

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