Every bank insured by the FDIC, and every credit union insured by the NCUA, is required to have a written security plan for each of their offices (the institution's main office and any branches it operates). For banks under the FDIC, developing and administering this plan is the responsibility of the bank's security officer, who is designated by the board of directors. The NCUA does not specify who is responsible for developing security plans for credit unions, but the chairperson of the credit union's board of directors must certify compliance with security requirements annually.
Promoting employee well-being is good for business. Research shows that employees are more productive—and organizations are more profitable—when the well-being of employees is a priority. Though wellness programs can seem taxing and expensive to implement, the pay-off is enormous. Employees are the lifeblood of an organization, so it only makes sense that businesses flourish when workers are at their healthiest.
It is estimated that older Americans lose a staggering $2.9 billion a year to an ever-growing array of financial exploitation schemes and scams. They are being targeted by criminals who want to rob them of their hard-earned retirement savings. They are being exploited by strangers over the telephone, through the mail, and online. Worse yet, far too many seniors may also be targeted by family members or by other people in whom they trust.
Automation emerged as a way to complete repetitive, simple tasks using equipment (rather than human labor). By using automation, companies can (1) save money by hiring fewer employees and (2) utilize current workforces to carry out jobs that cannot be replaced by automation, e.g., entail critical thinking skills. Then came artificial intelligence (AI), which is a field of computer science aimed at performing jobs that do require skills like problem solving, planning, learning, and language processing. Examples include virtual assistants like Amazon's Alexa and Apple's Siri.
A multi-generational workforce consists of employees spanning multiple generations. Analysts have labeled generations with different names, such as Baby Boomers and Generation Y, and have highlighted characteristics shared by most members of each group. For instance, the Traditionalists are survivors of the Great Depression and World War II and therefore may tend to be more focused on patriotism, teamwork, and rules of order. Managers can better lead their employees by understanding these generational differences.
Employers, employees, and job seekers can all benefit from knowing what jobs will be in-demand in the future. Current workers and job seekers can use this information when considering a career change, continuing education opportunities, or a new position. This knowledge also helps employers looking to start a business, expand a company, or search for investors.
Check out our latest infographic to learn more about jobs that are expected to be in-demand in the future.
Banking facilitates the transfer of wealth in an economy. In its most simple form, rather than having someone carry around all their money, they keep it in a bank. When they need that money, they write a check or use a debit card. This ensures a safe transfer of money from one person to another.
In the United States, we have a dual banking system, meaning that we have banks that are chartered nationally in addition to banks that function under a state charter and regulations.
Every solid marketing strategy is centered around the 4 Ps: product, price, place, and promotion. Each P plays a different role in the marketing mix, which describes the various marketing tools and strategies a business uses to achieve certain goals and objectives.
Let’s explore each P more in depth.
Risk management consists of four essential stages which, taken together, constitute a systematic process for dealing with the broad array of risks that an organization may face.
Stage 1: Identify the risks. The first step in managing risk is to determine what those risks are.
Stage 2: Assess the risks. Not all risks are equal. For the average company, the risk of having an employee injured in a workplace accident is higher than, for instance, the risk that a meteor will destroy its factory.
Hackers are attackers outside of an organization who exploit security weaknesses in computer systems or networks to gain unauthorized access to information, cause mischief, or make changes to files, settings, or systems. Hackers have become increasingly sophisticated over the years, and many are experts on a variety of computer systems and software.
With the increase in cyberattacks and data security lapses, many organizations have changed their overall approach to data security and are taking a risk-based approach to data security.