Relationships are critical to companies that rely on staffing firms
Employers that have struggled to build a strong relationship with companies in the staffing industry should analyze the net promoter scores (NPS) of the firms they have used, says James Krouse, Director of Marketing and Communication at Nesco Resource.
Wise companies explore every available avenue to reduce their tax liability
Three of the most common tax credits available to businesses are the research and development (R&D) tax credit, the health care tax credit and the foreign tax credit. Companies that can take advantage of these opportunities are able to save money by reducing their tax liabilities, says Richard J. Nelson, CPA, a Director in the Tax Strategies group at Kreischer Miller.
Steps employers can take to bridge the work-skills gap
The work-skills gap is the difference between the skills employers need from a workforce and the skills the available workforce has. Jason Abbott, director of workforce development at Cuyahoga Community College’s Workforce Economic Development Division at the Advanced Technology Training Center, says that gap is stunting economic growth in industry sectors and the overall economy because companies aren’t operating at full potential.
Reduce costs and realize tax benefits through a captive insurance program
A “captive” is an insurance company that has some common ownership or management with each of its insured companies, meaning that it only insures the risks of its affiliated companies. Its specific form is dictated by the risks, needs and goals of the companies that it insures, says Imprise Financial’s Andrew Seger.
SBA loans can be a valuable tool for companies struggling to get funding
When a small business needs to borrow, it should consider all options of financing. One alternative worth reviewing is a U.S. Small Business Administration (SBA) loan. An SBA loan can be a valuable financing choice in situations where a bank considers the request to carry additional risk, says Northwest Bank’s Gary Miles.
Taking action to create a more positive company culture
Company alignment and employee appreciation go hand in hand. Internal events are held in part to thank employees for their hard work, but there is a selfish reason to make sure the team is happy, says Rock The House Audio Visual’s Matt Radicelli.
Covestro takes ownership of its new name with a new culture
When Covestro LLC was announced as the new name for Bayer MaterialScience — after it spun off from the Bayer Group — it wasn’t met with enthusiasm. Jerry MacCleary and his team have worked hard to change that.
How your bank can help protect your financial future
Business owners willing to set aside their own interests for the betterment of the company are lauded for their ability to be selfless and create a sense of true collaboration with employees to work toward a common cause. It’s an example of leadership at its best. But if this altruism extends too far, they can lose sight of the need to prepare for life after business, which puts them in a tough spot when that moment arrives, says Westfield Bank’s Jon Park.
Defending your business reputation that is under attack
Businesses have access to many forms of legal restitution when false statements are made that damage their reputation, says Defamation Attorney Christian R. Patno, a Principal at McCarthy, Lebit, Crystal & Liffman.
A CEO’s worst fear? Being the last one.
While none of them would likely admit it, fear might be the real driver for those piloting companies that have navigated the myriad obstacles of an ever-changing market landscape that stretches for decades. There you are, CEO of Company X that your great-great-grandfather built in his kitchen or barn, his picture next to those of […]