Click on the map below to go to St. Louis Federal Reserve Economic Data (FRED) to get the percentage estimate of the education level attained by people 18 years old and over whose highest degree is a bachelor’s, master’s or professional or doctorate degree. Data for 2020 are based on the experimental estimates from…
Read more
The chart below was constructed by the Bank of England as part of the Three Centuries of Macroeconomic Data project by combining data from a number of academic and official sources. Understanding hours worked helps determine the amount of time available for leisure and the measurement of productivity depends on the measurement of hours worked.…
Read more
The chart below shows that while economic conditions have been improving, the labor force has been slower to rebound. The participation rate has fallen from above 67% in 2000 to under 63% in 2019. Of course, the effects of the pandemic are noticeable as more than 8 million workers left the labor force between February…
Read more
By Bruce Haseley, SPHR, and Daniel R. Siburg, CPA, CVA Before employees who were part of a merger or acquisition can commit to a new business organization that resulted from the transaction, they need the answer to the one question they all share: How does this affect me? A 100-day employee-integration plan and an effective…
Read more
Everyone has experienced the cost versus value decision. Should I buy the best or the cheapest product that I am looking for? Sure, there are times that buying a lesser quality or last year’s model will have little to no effect on the product you are looking to purchase. If you are buying a…
Read more
All problems, choices and final decisions are at the intersection of an issue. The key point is the thought process you use while at the intersection of the issue and decision that is made to move past the issue. Getting to the intersection of an issue is the process of analyzing all the…
Read more
As of January 1, 2020, the Federal minimum wage is $7.25 per hour. There are numerous states that have set their minimum wages higher than the Federal minimum wage. See the map below for your state’s minimum wage. An employer of tipped employees is only required to pay that employee $2.13 per hour in direct…
Read more
The “Feckless Business” is a business that is managed irresponsibly and lacks initiative. Or another way of putting it, a business that has no budget or strategic plan and just exists day to day with ownership and management dealing with problems of their own making. It is easy being a “Feckless Business” with no…
Read more
Management styles can either be defensive or explanatory of their position(s) or action(s). A defensive management style is authoritative, where management has no desire or time to listen to other people’s input on ideas related to a topic or strategic direction. Often defensive management styles are the result of leadership having no real idea…
Read more
“Willful Blindness” in a business is the conscious act of avoiding the truth, which gives credence to the knowledge of an issue in question, but never resolving the issue. Willful blindness can be at any level of management or on any type of business issue that needs to be addressed and resolved. A business’s willful…
Read more
Recent Comments