Long-Term Care: Better to be Safe Than Sorry

As you enter your “golden years,” perhaps you imagine yourself traveling, visiting grandchildren, or pursuing a favorite hobby. Unfortunately, none of us can predict what the future may bring. But, according to the U.S. Department of Health and Human Services, more than 70% of individuals over the age of 65 will ultimately require some form of long-term care (LTC). LTC refers to a wide range of medical, rehabilitation, personal care, and social services, whether in a nursing home, assisted living facility, or at home, for those who need assistance due to an illness or disability. If you should need LTC at some point, your world could change significantly, affecting not only your quality of life, but your finances, as well. For example, the national average cost of a semi-private room in a nursing home is more than $200 per day, which may be higher or lower in certain parts of …

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Employees Want Managers Who Are Approachable and Transparent

The quality of the manager-employee relationship has a large impact on job satisfaction and retention, with employees saying they place considerable value on working with managers who are approachable, transparent, and honest, according to the findings of a survey conducted by human capital management solutions provider Ultimate Software. The results of the survey of more than 2,000 U.S. employees and managers, which were released on December 4, 2017, revealed that there are complex differences in perception and experience between managers and the people they manage. Of the employees surveyed, 93% said that trust in their direct boss is essential to staying satisfied at work, and more than half indicated that if they aren’t satisfied at work, they can’t put forth their best effort. The findings further suggested that a good manager-employee relationship can play a significant role in retention, with more than half of the employees saying they would turn …

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Women Entrepreneurs: A Growing Trend

The business landscape is continually changing—technological advances, corporate downsizing, restructuring, and telecommuting have reshaped the marketplace.­ Although these improvements and modifications have a great impact on our working environment, perhaps the most notable trend has been the rapid growth in the number of women-owned businesses. According to the Center for Women’s Business Research (2012), three quarters of women-owned businesses are those wherein women own a majority share, and each year, women-owned businesses generate almost $1.9 trillion in sales. Statistics from the Center for Women’s Business Research reveal impressive gains for women in the marketplace: An estimated 10.4 million companies are owned by women. Women-owned businesses account for 41% of all firms in the U.S., and employ 12.8 million workers. In the past 20 years, women-owned companies grew by 42%. This figure is two times the growth rate of all privately-held firms for that time period. The “Push” Behind the Numbers …

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