15 Perks Businesses Don’t Offer (But Should)

Employment has shifted from being an employer’s market to an employee’s market. Now, businesses have to offer better packages to interest the most talented employees to stick around and add their expertise to the company’s operations.

Despite the need for industries to be more competitive in the benefits they offer employees, several of them miss a few key perks that would make them unique places to work at. These perks aren’t even earth-shaking in the change they require from the business. They can be implemented quickly and will attract even more talent to the business’s employee pool.

Below, 15 associates of Forbes Human Resources Council examine what these perks are and how they’re useful in bringing in and retaining new talent.

1. Formal Social Recognition Program

A formal social recognition

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Two Trump-appointed circuit judges don’t think much of shareholder class actions

(Reuters) – Last week, a three-judge panel of the 9th U.S. Circuit Court of Appeals issued a significant decision in a shareholder class action against BofI, a bank holding company. The appeals court, in an opinion by Judge Paul Watford, revived a class action alleging, among other things, that the bank’s share price plunged in response to disclosures in a whistleblower lawsuit. The 9th Circuit joined the 6th Circuit to conclude that a whistleblower complaint containing allegations from a corporate insider can serve as a “corrective disclosure” of the company’s misstatements. If the market perceives the whistleblower’s allegations to be true and reacts accordingly, the appeals court held, shareholders can base their loss causation arguments on the filing of the lawsuit.

Judge Mark Bennett, who was nominated to the 9th Circuit by President Donald Trump and assumed office in July 2018, dissented from that part of the 9th

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Leaked memo promises penalties for Trump officials who don’t stop diversity trainings

  • A memo written on Monday by Office of Management and Budget Director Russell Vought directs heads of federal departments and agencies to take “immediate and substantive action” to implement an executive order by President Donald Trump putting an end to diversity and race-related trainings.
  • The memo leaked to Insider warns of penalties for officials who don’t abide by the president’s orders to end the trainings, which the White House has described as “divisive.”
  • Trump signed an executive order on September 22 that blasted several government diversity training programs as “malign ideology” from the “fringes of American society.”
  • The directives come on the heels of protests against racial injustice across the country that have continued for months and prompted a reckoning with the treatment of Black people and other racial minorities.
  • Visit Business Insider’s homepage for more stories.

Federal officials could be penalized if their agencies and departments don’t take “immediate

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Small-Business Loans Will be Forgiven, but Don’t Ask How

“We’re super nervous about the fact that we don’t know what’s going to happen,” she said. And the loan was only a temporary salve: With her revenue still down at least 30 percent, Ms. Kujala is preparing to lay off one of her employees.

A U.S. Bank spokesman said the bank was sending out invitations in stages to its forgiveness portal. After the bank was contacted for this article, a representative told Ms. Kujala that she would get an invitation soon.

Most borrowers — and their lenders — can afford to wait before seeking loan forgiveness. The CARES Act, which created the P.P.P., initially set repayments on any remaining debt to begin six months after a loan was disbursed, but Congress later revised the law to give borrowers as long as 16 months to apply for forgiveness. For most borrowers, that means the issue won’t become urgent until mid-2021.

But

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New Survey Finds Nearly Half of Small-Business Owners Don’t See a Need for Physical Stores (Infographic)

An August survey of 500 small-business owners found they’re instead focusing on digital sales.

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Despite the challenges of the past seven months, stories of resilience abound as business owners adapt to changing customer demands. Though surveys at the beginning of the pandemic indicated small-business owners thought things might be beyond hope, that’s slowly started to change. 

A survey by website and marketing solutions provider Bluehost released last week asked 500 business owners with fewer than 100 employees how they’ve transitioned online, adapted to ecommerce and adjusted their outlooks on future pain points, obstacles and potential opportunities. Not surprisingly, business owners cited their biggest concerns revolve around securing new customers, the continued economic impact of the pandemic and lower consumer demand. 

Related: Nearly Half of Business Owners Think the Changes They’ve

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Don’t Shortchange Employee Well-Being When Planning Future Investments For The Business

For decades very few companies saw supporting their workers’ health and well-being as a business priority. They did what was necessary by law to create a safe and healthy work environment. But exercising, good nutrition, and engaging in self-care to boost physical, mental and emotional health — these were pursuits for employees to worry about and manage on their own time.

However, that attitude eventually evolved as it became harder for employers to ignore the connection between unhealthy behaviors — such as sitting hunched over a desk and staring at a computer for hours on end — and lower employee productivity, decreased morale and higher absenteeism. These, in addition to rising healthcare costs, prompted employers to start promoting workers’ overall wellness.

Many businesses have expanded their efforts in recent years as they have sought to position themselves as an

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Is It Insane to Start a Business During Coronavirus? Millions of Americans Don’t Think So.

The pandemic forced hundreds of thousands of small businesses to close. For Madison Schneider, it was a good time to start a new one.

The 22-year-old in Haviland, Kan., opened Lela’s Bakery and Coffeehouse on Sept. 12, naming it after her grandmother. It has been busy every day since, she said. “It just felt like the right thing to do,” Ms. Schneider said.

Americans are starting new businesses at the fastest rate in more than a decade, according to government data, seizing on pent-up demand and new opportunities after the pandemic shut down and reshaped the economy.

Madison Schneider takes an order at her new business, Lela’s Bakery & Coffeehouse, in Haviland, Kan. It opened on September 12.



Photo:

Shane Brown for The Wall Street Journal

Applications for the employer identification numbers that entrepreneurs need to start a business have passed 3.2 million so far this year, compared with 2.7

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Don’t Underestimate The Cultural Shift In A Digital Business Transformation

Chief Commercial Officer/SVP Global Sales at relayr overseeing the company’s sales, business development efforts.

In the last few months, I’ve heard dozens of chief experience officers highlight the need for business transformation and how it can come with a high upside. With that said, it’s important to remember it’s a journey and not a quick fix. A boost in revenue, better performance and optimized operations are advantages you could gain, but any success comes with fundamental changes to your organization’s structure and function.

Today, business transformations have digital capabilities as a cornerstone: internet of things, artificial intelligence, augmented and virtual reality, customer intimacy with digital — the list goes on. A transformation study conducted by Boston Consulting Group found that the number of companies reporting breakthrough or strong financial performance was five times greater (90% vs. 17%) among those that focused on culture compared to those that neglected culture.

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