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Companies Adopt Co-working Spaces, Cafes, and Other Venues for Low Density Satellite Locations

  • When office spaces remain closed, or when a company wants to limit the number of employees in a workspace, it can establish satellite locations for teams to meet
  • Co-working spaces, cafes, hotel conference rooms, and other venues have all proven useful for this purpose
  • Employees benefit from shorter commutes and more in-person interaction with co-workers
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Will Remote Work Replace Your Cubicle Office? It’s Not Likely

  • After several months of working at home, employees may wonder if remote work will completely replace their office space
  • Employers may be more likely to embrace hybrid models, but most professions are likely to reopen their offices when possible
  • In-person interactions have benefits such as greater innovation and productivity
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Artificial Intelligence Offers Ways for Companies to Boost Efficiency

  • Artificial intelligence gives companies the ability to automate certain processes, improving their efficiency
  • Technologies can be used to assess a business’s practices, find new customers, and improve customer service
  • “Cobots” become more prevalent in manufacturing
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Fed Announces Plan to Preserve Low Interest Rates Even When Inflation Picks Up

  • On Thursday, the Federal Reserve announced a new approach to inflation, allowing inflation to run above the 2 percent target before increasing interest rates
  • The move signals that interest rates on home and business loans will likely remain extremely low for several years
  • Fed also shifts stance on employment in response to higher jobless levels due to the COVID-19 pandemic
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Survey: Health Insurance Costs Remain the Top Problem For Small Businesses

  • NFIB four-year survey says health insurance costs continue to be the biggest problem small businesses face
  • Health costs have been the top pain point since 1986, and fewer small businesses are offering these benefits
  • Survey identifies finding qualified employees and a variety of taxes as other issues affecting small businesses
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The Distinction Between Innovative Leadership and Innovation

  • Innovative leadership involves creating an environment where greater inventiveness and creativity can occur
  • Inventors don’t necessarily have the expertise to manage others, but flourish under competent leaders
  • Business owners must be prepared to provide flexibility and embrace a diversified workforce
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In an Era of Remote Work, Virtual Job Fairs Connect Employers to Job Seekers

  • Virtual job fairs were becoming more popular before the COVID-19, and are now a crucial resource for employers
  • Events are more specialized, with pre-screened candidates receiving time with recruiters
  • Companies should decide what type of event they’d like to hold and make sure to promote it
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As Remote Work Becomes More Permanent, Companies Respond to Employee Needs

  • Remote work arrangements set up in response to the COVID-19 pandemic have endured longer than employers and employees may have anticipated
  • Companies expand benefits, hold social events, and solicit employee feedback
  • Many businesses likely to favor hybrid model of office and remote work
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Small Businesses More Likely to Expect Longer Recovery in Census Survey

  • Second phase of U.S. Census Bureau survey on COVID-19 impact on small businesses finds respondents more likely to expect a longer road back to normalcy
  • Majority of respondents report negative impact on business, but some positive signs such as healthy cash on hand and minimal missed loan payments
  • Businesses see marketing/sales and additional capital as key future needs
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Hotels Mull Pivot to Remote Work Getaways During Pandemic

  • The hospitality industry been struggling with a loss of income due to a slump in travel and event cancellations during the COVID-19 pandemic
  • Some hotels have been buttressing their revenues with short-term room rentals for people to enjoy a new remote work location
  • Long-term stay packages also being offered
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