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What’s next for America’s workforce post-COVID-19?

As the nature of work shifts, it is increasingly important for business owners to be in tune with employee needs and develop policies and practices that prioritize flexibility and meet those needs. This article talks through four key findings from PwC’s Workplace Pulse Survey taken in March 2021. It explains that permanent and temporary relocation is on the rise, remote work options are a top priority for workers, and employees are placing more value on non-monetary benefits and opportunities to develop soft skills. Alongside these takeaways, the article provides ideas about ways that business owners can meet these shifting needs.

How Should You Be Talking With Employees About Racism?

Addressing racism in your business during this time of national reckoning is essential. Before rushing to make public statements of support, ensure you are opening up the conversation internally and centering the voices of your employees of color. This resource advises business owners not to shrink away from the topic out of fear of getting it wrong. Being authentic, reflective, and admitting what you don’t know is an important first step. It’s also critical that business owners and managers check in on their employees of color and are prepared to step back and listen. Keep in mind that some employees may not want to speak about their experiences or feel safe doing so. For those that want to share, it is imperative to provide safe opportunities for these discussions. Lastly, opening up dialogue must be followed by committing to ongoing efforts that support employees of color and advance racial justice.

6 Elements of a Successful Financial Plan for a Small Business

This article explains six essential components of a small business financial plan: sales forecasting, expense outlay, statement of financial position (assets and liabilities), cash flow projection, break-even analysis, and operations plan. It also includes what a small business financial plan is and why it is important, tips on writing a business financial plan, and plan templates.