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VIEWPOINT: Evaluating the Viability of AI in the Workplace
It’s becoming increasingly important for organizational leaders to consider the potential impact of artificial intelligence on company culture. Recent research estimates that one in five employees will have an artificial-intelligence system as their coworker by 2022. As workplace applications of artificial intelligence (AI) become the norm, organizational leaders will face a bevy of new challenges, […]
CEO FOCUS: A Year of Resilience Ends with Hope for a Better Year Ahead
Without question, 2020 brought dramatic disruptions to how we live, work, and connect with one another. Too many of our family members and neighbors have been impacted by this [COVID-19] illness, and businesses that create our community’s unique vibrancy have been forced to close or lay off workers. Still, our community has shown incredible resilience in the
VIEWPOINT: 5 New Year’s Resolutions to Make Your Business Culture a Winner
New Year’s resolutions are not only for individuals, but also for businesses. Company goals that leaders set for the year ahead are usually measured in data tied to categories like revenue production and expense reduction. After a difficult 2020 due to COVID-19, many enterprises’ bottom-line numbers will take on extra importance in 2021. And business culture
Sugar Blossom Cake Shop: “The Sweet Smell of Success”
If there were ever two young entrepreneurs that would make the sun shine from pure desire, I think I may have met them. The lyric from the song “Higher Love” epitomizes Kaleigh Ligoci and Lauren Scarpelli. On Thursday, Dec. 3, the Greater Liverpool Chamber of Commerce cut the ribbon and officially welcomed Ligoci, Scarpelli, and their Sugar
VIEWPOINT: COVID-19 Business-Succession Planning
In just [10] months, the COVID-19 pandemic has changed nearly everything — how we work, play, teach, shop, and travel. And its full impact is still not known, as the virus continues to claim lives and livelihoods. Amid so much tumult and uncertainty, it’s essential for business owners to review and update their business-succession plans.
VIEWPOINT: Managed Accounts in 401(k) Plans & the Choice they Offer Plan Advisers
In a recent PlanAdviser magazine article, it was reported that a participant in Nestlé’s 401(k) Savings Plan had filed a proposed class-action lawsuit. It alleged a breach of fiduciary duties under the Employee Retirement Income Security Act (ERISA). Frankly, by itself, an article like this wouldn’t have caught my attention. Participant lawsuits alleging fiduciary wrongdoing are so
VIEWPOINT: From Employee To Entrepreneur: Becoming Your Own Boss in 2021
Maybe you have dreamed of launching your own business for years but couldn’t summon the nerve — or the capital — to pull it off. Perhaps 2020 proved disastrous to your career aspirations when the company you worked for downsized or shut down altogether — and out the door you went. Either way, 2021 could be
VIEWPOINT: Ask Rusty: I’m 66. When Should I Claim Social Security?
Dear Rusty: I’d like to get advice on when I should begin taking my Social Security benefit. I turned 66 in October 2020. Signed: Pondering Retirement Dear Pondering: Deciding when to claim your Social Security benefit is a personal choice which should consider several factors, most importantly: • Your need for the money at this time • Your
VIEWPOINT: Who’s the New Boss? How to Avoid Succession-Planning Mistakes
Many corporations have endured a rough 2020 that included the designations of top executives at some major brands. Will their replacements be ready? It’s a fair question, especially if the new company leader is promoted from within. Studies show many senior leaders don’t think their firms to properly educate and prepare future leaders for succession. If
NONPROFIT MANAGEMENT: A Checklist for Nonprofits
The election is over, or is it? These past nine months of the campaign season have been a wild roller coaster ride, which will continue certainly through Jan. 20, 2021. Party control of the Senate hangs in the balance on the Jan. 5 Georgia run-off elections. I am not in a position to have any
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