MultiBriefs - Your source for industry specific News Briefs

How employers are helping employees reduce student loan debt

Grace Ferguson Business Management, Services & Risk Management

U.S. student loan debt reached a record $1.6 trillion in 2020, according to an article in Forbes. This accounts for 45 million borrowers, making student loan debt the second highest consumer debt in the U.S. — topped only by mortgage debt. Employers are taking notice. To attract and retain talented workers, a small but growing number of employers are offering student loan repayment plans (SLRPs).

What CEOs and other executives need to know about disability insurance

Colin Nabity Business Management, Services & Risk Management

As a CEO or senior executive, you have reached the pinnacle of your profession. That success comes with significant responsibility and compensation. Are you prepared for the possibility that an injury or illness could prevent you from fulfilling your duties? Can you and your family withstand losing some or all of your income in the event you can’t work? Here are some other questions CEOs and other high-income earners should ask as they consider the need for disability insurance.

What makes a difficult conversation difficult?

Hank Boyer Business Management, Services & Risk Management

Why are some conversations difficult? People enter almost every conversation with certain expectations and opinions. Those expectations are based on the relationship between the people and the circumstances surrounding the conversation. When it feels like those expectations or positions are being challenged, human nature often reacts initially with emotion. For example, when a co-worker with a smile on her face after a holiday weekend approaches you and asks you about your weekend, you expect a pleasant conversation. Conversely, if you made a sizable mistake and your boss asks to meet with you, you enter the discussion with a degree of apprehension.

Elements of a recovery plan

William D. Pawlucy Association Management

In our first article, "The metrics guiding nonprofit recovery," we took a broad look at five key economic indicators to take action on. As a follow-up to the first article, we will now discuss the elements of a recovery plan. In order to plan properly, your organization needs data, your leaders to guide the conversations, stakeholders to inform the process, and a plan to address external urgencies. Use this as a short-term supplement and driver for change of your current long-term plan.

Does your business feel irrelevant? Here’s what you can do

Victoria Fann Business Management, Services & Risk Management

There are periods in a business owner's life when the products being sold or the services being offered grow stale and cease to feel relevant. Sometimes this can happen with the overall mission of a business. The tides turn. Interests change. Passion wanes. What's popular and trendy loses steam. It can feel daunting to even consider small changes, let alone do a major pivot. Perhaps staying relevant doesn't require reinventing your business. Maybe it’s more straightforward than that.

Steps to take to save sponsorships

Robert C. Harris Association Management

Associations have postponed or canceled many events during these challenging times. Lost sponsorships represent significant income as a percentage of events and the overall budget. Take these steps to save sponsor relationships and revenue.

Infographic: How technology can help the economy recover

Brian Wallace Science & Technology

Technology, both as a tool and as an economic sector, has kept the economy going during the pandemic, and it will also figure heavily into the economic recovery. This infographic outlines the state of the economy as well as how technology has aided in economic recoveries in the past.

When do you need a board whisperer?

Robert C. Harris Association Management

The term "whisperer" was popularized by the movie "The Horse Whisperer." A horse whisperer is a person who can calm and work with difficult horses. It is said the talent takes years of practice to develop the sense. It is also said that nobody can teach a horse by "whispering." There is no secret process to have horses instantly understand the intention and desired behaviors. The same can be said for calming and training a board of directors. There is no one formula.

Small businesses rush for technological answers, advances during pandemic

Kevin Reynolds Business Management, Services & Risk Management

The coronavirus has upended the way small businesses operate for months. One of the longest-lasting impacts of the virus, though, will be how fast and how many small businesses have been forced into investing into technology. With contactless pickup, new payment methods, and cleaning services all far more important than they were at the start of the year, a common denominator in every industry is the need for innovation.

Executive involvement in project risk management

Alfonso Bucero Business Management, Services & Risk Management

Senior managers and executives usually know that they are responsible for overseeing the company's approach to managing risk. This involves the board considering risk oversight policies and procedures, as well as regularly assessing corporate risk. They need to understand the expectations of regulatory bodies and ensure that the company’s approach reflects risk management best practices. The annual report should communicate risk-related lessons learned from past successes and failures.

Industries