February 2024 Issue
The People Problem: Local employers talk challenges and strategy
Walk down the main drag in any local community and talk with small business owners. Call up the leaders of some of the region’s largest employers. Head over to the kitchen or dining room of virtually any restaurant, anywhere.
Everybody’s talking about one thing: Staffing.
There is without question no hotter topic with businesses of all shapes and sizes these days than the need for employees. For many companies and organizations, the workers who left during and after the COVID-19 pandemic simply haven’t returned, and it’s leading to substantial problems.
Some outfits with years of stability are now scrounging to …
Labor Pains: Where does organized labor stand in NoMi?
Unions, strikes, and labor negotiations: These things dominated the headlines in 2023.
Two major Hollywood unions – the Screen Actors Guild and the Writers Guild of America – went on strike concurrently, a phenomenon not seen since 1960. Seventy-fiv thousand workers for the California-based health system Kaiser Permanente walked off the job, staging the largest health care strike in American history. The International Brotherhood of Teamsters brokered a new contract for approximately 340,000 UPS, narrowly …
The House Always Wins: Six companies betting big on employee local housing initiatives
Ask any local employer to name their biggest recruitment roadblock, and you will likely hear the same answer every time: Job candidates can’t find anywhere to live.
Between limited housing stock, elevated real estate prices, and the area’s huge number of short-term rentals – Traverse City Tourism President Trevor Tkach says Grand Traverse County has about 2,000 short-term rentals during the peak summer travel season – finding long-term lodging in and around Traverse City is …
Employee vs. Independent Contractor: DOL issues new final rule on FLSA independent contractor classification
Recruiting and onboarding employees can be an expensive endeavor. When looking for ways to reduce these costs, employers may consider engaging a worker as an independent contractor instead. Similarly, when an employee is planning on retirement, but is not ready to give up their work life entirely, employers and employees may think it is more cost effective to keep them on as a contractor during the next phase. Further, given the rise of remote work …
BANKING & FINANCE
Claudia Rodriguez, associate wealth advisor with Horizon Financial in Traverse City, has earned the Certified Financial Planner (CFP®) designation.
Barbara Shellman has joined Stifel’s Traverse City branch as a financial advisor. She brings more than 10 years of financial services experience to her role and specializes in …