Industry Trends for Regional Banks/Credit Unions in the United States for 2021
According to the Credit Union Trends Report and Economic Report for December 2020, industry experts believe that credit union loans and deposits will reach 6.0% and 8%, respectively, in 2021. Additional insights into the state of the regional banking industry and the credit unions industry for 2021 and beyond in the United States have been…
Glenn TrevorFinancial Health of Healthcare Industry
In 3-5 years, the US healthcare finances will see the following trends: 1) focus on value-based care payment models, 2) increasing consumerism and transparency, and 3) financial restructure and consolidation. Additional to finance, the healthcare industry will also see a trend in 1) home and telehealth adoption, 2) innovative technology, and 3) cybersecurity. Financial Trends…
Correlations Between Wage and Retention
Walmart, IKEA, and General Motors are three examples of companies that have demonstrated the relationship between wage and worker retention, productivity, or happiness among blue-collar workers. Table of Contents Walmart IKEA General Motors Walmart Walmart is one example of a company that has demonstrated the relationship between hourly wage increases and employee retention. The Walmart…
Glenn TrevorCOVID Impact on Hiring Decisions
COVID-19 has made several companies in the United States decide to put “recruitment on hold,” while those still recruiting are leveraging online interviews to decide on the candidates to hire. 60% of United States employers chose to cut down on hiring as of March 2020 due to coronavirus. Table of Contents The Decision to Put Recruitment…