Many businesses will not be in a place to offer pay increases this year, but it is important for management to make clear to employees why, and to find ways to recognize their contribution. These could include one-time bonuses or some other effort to assist with projected career opportunities.
Air passenger numbers are trending upward after a massive slowdown due to the coronavirus pandemic. The pandemic is changing travel procedures, with many facilities requiring masks and most airlines cleaning surfaces using UVC lights.
The number of CEOs saying they had made progress with upskilling was far lower than the number of employees saying they were willing to learn new things, according to a PwC survey. Employers may be held back by retention concerns after investing in upskilling programs and inability to provide "clear narratives from the top," among other factors.
Communications infrastructure company Vertical Bridge announced on Thursday that it reached its 100% carbon neutral goal and received its certification from The CarbonNeutral Protocol. "We really wanted to set the record that you have this corporate citizenship obligation and that as technology improves and you can use it to be a better citizen within our communities [then] we should do that," says Bernard Borghei, co-founder and executive vice president of operations.
Paycheck Protection Program loans of less than $2 million are probably safe from audits, but the Small Business Administration may review any loan at its discretion, says Gerri Detweiler of Nav fintech marketplace. Detweiler notes that accounting professionals can help businesses accurately complete PPP forgiveness applications.
ZoomInfo, which filed for its initial public offering in December, decided to move forward despite changes caused by the coronavirus pandemic after investors continued to express interest and the market settled, says Chief Financial Officer Cameron Hyzer. The company's IPO process was shortened to a week, in part because of less travel needed because of the pandemic, and was conducted virtually, Hyzer says.
Startups such as Terminal and Deel are helping fellow startups and larger companies meet their remote-working needs. Terminal offers onboarding assistance for engineering teams across North America, while Deel provides remote payroll services for organizations worldwide.
Motivation may be waning right now, but active listening and leading with empathy can help employees recharge and refocus, writes John Boitnott. Maintain open communication and offer ways for employees to connect with each other while they're working remotely, he writes.
Entrepreneurs pitching their early-stage startups may find themselves answering questions from investors about financial projections if they're not clear about the market potential, writes Aaron Dinin, an entrepreneurship lecturer at Duke University. "When founders do their jobs properly, VCs never ask for financial projections because they implicitly understand how much revenue is available and the plan for capturing it," Dinin writes.
Neil Thomson has joined Tasty Restaurant Group as its finance chief. The company, based in Los Angeles, operates 190 Pizza Hut and Burger King restaurants. Thomson has previously spent time at Del Frisco's Restaurant Group as well as Yum Brands.