News & Events

Business owners are facing an issue many have not experienced in their lifetime as inflation reached its highest level since 1982 with consumer prices jumping 7 percent last year.

“The last time inflation was this high, Ronald Reagan was in the White House, Olivia Newton-John was all over the radio, and the cool new computer was the Commodore 64, named for its 64 kilobytes of memory. Oh, and there was a new soft drink about to hit the shelves,” NPR’s Kelsey Snell said of a time before Diet Coke was an option.

Employee engagement, which surged in the early months of the COVID-19 pandemic, is being put to the test as employers look to stem the tide of the “Great Resignation” while battling a tight labor market and worldwide supply chain bottlenecks.

“As the world stumbles toward a COVID-19 recovery, experts warn of a surge of voluntary employee departures, dubbed the “Great Resignation.” For instance, one study estimates that 55 percent of people in the workforce in August 2021 intend to look for a new job in the next 12 months,” reports the Harvard Business Review. “To counteract the incoming wave of employee turnover, organizations — more than ever — need to focus on cultivating employee engagement.”