Almost every business leader has felt it: the sense of no control as your insurance premiums seem to skyrocket. Whether it is your commercial insurance program or your employee benefits package, it often appears there is little you can do to avoid these annual price increases. This is because the guaranteed cost insurance solution is priced based on marketplace volatility. Your business cannot control the onset of a global pandemic, an increase in weather-related disasters, or the spiking trend in plaintiff-friendly legal decisions. Yet carrier-based insurance programs must spread their losses across all insureds in an effort to minimize the impact on their loss prone clients. Essentially, the strong performing clients pay for the poor performance of their peers.
By now you’ve probably heard about accounts payable (AP) automation, but you might be wondering if it can really have a significant impact on your business. There are many reasons that companies choose invoice automation, but savings is usually at the top of the list. An ideal platform saves both time and money. It’s crucial to use both as efficiently as possible to create the biggest impact. That’s where invoice automation shines. Invoice automation can make improvements that reverberate throughout your organization. Here’s where most companies reap time and money savings with these solutions:
The pandemic’s grip on our world has finally loosened, but not without leaving permanent changes to our work lives and expectations. From this, a new challenge for businesses was born: The war for talent.
Growing the talent pool and pipeline critical to Michigan’s economic futureBy Business Leaders for Michigan
Michigan’s top executives have confidence in their state operations and high demand for qualified talent, even with potentially softening economic conditions, according to a recent survey by Business Leaders for Michigan.
From Freezer to Future: Grand Ice leverages Center West in consideration of advanced manufacturing technologyBy MMTC-West
The phrase “launched by two people in their garage,” is synonymous with startup technology companies, conjuring images of people hunched over their laptops, furiously clacking away at keyboards. It’s not as often you hear a similar story for manufacturing. And for good reason.
Preventive Maintenance Programs Support Healthier, Higher-Performing BuildingsBy Rockford Construction
No matter who you are, if you have an interest in the operation and performance of a building, a preventive maintenance program (PMP) is key to long-term success. The process can be compared to changing the oil on your car. On average, every 3,000 miles, you swap the oil to maintain efficiency and promote ongoing performance for your vehicle and its many components.
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To compete with top-performing states, Michigan must invest in talent
“Allyship” - is a noun … the definition of allyship is the state or condition of being an ally: supportive association with another person or group.
Sooner or later, every business owner faces the question of whether or not to sell their business. If you own a business, there are some important questions to ask yourself before considering a sale:
Whether or not we spend much time thinking about it, our lives and businesses are powered by energy. And the ways we engage with this resource can make a big difference for our operating costs – and our planet. With so many ways to manage energy, Michigan businesses are sometimes left wondering what steps to take first.
It’s time to reframe the talent shortage. Throughout the country, companies across industry sectors struggle to find the necessary workforce. Gone are the days of a consistent deep pool of workers to draw from, and it is increasingly unlikely those days will return. A recent study from Deloitte predicted a national shortfall of 2.1 million skilled workers by 2030.
The premier business awards celebration of the region returns on Wednesday, October 19 to recognize 27 upstanding businesses in West Michigan and present awards to the top finalists from each of the nine categories.
How do we design a workplace, now that non-traditional office space, retention strategies, and remote work need to be taken into consideration? How we view workplaces and the needs of current and future staff has shifted. The perspective toward remote work has pivoted to a more accommodating mindset as employees have increased productivity and work-life balance has tilted toward the positive. With restrictions lifted, market forces have pushed for maintaining at least some form of hybrid schedule as a talent attraction and retention strategy.
SIZE DOESN’T MATTER: Final “Stories From the Road” webinar series demonstrates how companies can adopt advanced manufacturing technologies regardless of size.By MMTC-WEST
There’s a misconception in manufacturing that only large companies can successfully implement Industry 4.0 technology. For everyone else, the technology is too complex. Too time consuming. Too expensive. But a growing cadre of small and medium-size manufacturers are bucking that misconception and proving advanced manufacturing technology can be implemented by all companies, regardless of size. All it takes is an open mind, a champion, and a healthy dose of strategic thinking.
Ahead of Detroit Auto Show, Michigan Establishes Itself as the Home of Mobility’s Past and FutureBy Michigan Economic Development Corporation
Michigan is more than just a venue for the Detroit Auto Show – it is a place where the next generation of transportation and mobility is being designed, created and revealed. The automotive industry built its foundation and laid its roots here in Michigan; now, led by innovations in electric vehicles (EV) and assisted driving, we are witnessing a transportation mobility revolution.
The Game Evolves: 12th Annual MCOY Awards celebrates excellence in construction industryBy American Subcontractors Association of Michigan
If you’re not adapting, you’re failing. That was the message during this year’s Michigan Contractor of the Year (MCOY) Awards, hosted yesterday evening at the LMCU Ballpark in Comstock Park.
With more than 4.3 million registered nurses in the United States, nursing staff are most often the front-line caregivers in every aspect of the healthcare industry. In 2022, nationwide nursing levels and staffing at health systems are in crisis.
Inflation is the highest it’s been in decades, which impacts our entire Michigan business community. But while costs on nearly everything else seem to be rising, Consumers Energy is here to help businesses reduce energy waste, lower energy costs and even cash in on rebates that can be invested back into your bottom-line.
As businesses gather an increasing amount of consumer information, consumers’ concerns about who knows what about them are becoming more pronounced and businesses’ legal obligations regarding that data are becoming more complex.
Michigan summer has arrived, and so have opportunities to save on your business’ energy bill. So, let’s talk about them! I’m Charles, your friendly hometown energy expert - and I’m here to talk about energy as a strategic resource.
A Tale of Apples… and Sheet Metal?: How Two Very Different Manufacturers Implemented Advanced Technology to Improve their BusinessesBy MMTC-West
There is no shortage of information available regarding industry 4.0 technology. Small and medium-size manufacturers curious about these technologies can often find themselves drowning in a sea of whitepapers, blogs, vendors, sales calls, and other information – making it too overwhelming to even begin their journey. While each of these pieces of information has its place, sometimes it’s most effective for manufacturers to cut through the murk and hear a fellow company’s story.
GRAND RAPIDS, MI—April 2022 marked 60 years in business for architecture and engineering firm Progressive AE. The firm’s theme for the year is “A Year of Gratitude,” as they look back on the partnerships and communities they’ve had the chance to serve over 60 years.
Building a house is expensive. Buying a house is expensive. Maintaining a house is expensive. It’s all just expensive. And what’s worse is that on top of it all sits an expensive insurance policy that can be difficult to understand.
The practice of education is ever-changing. New technology, pedagogy and demands for a trained and educated workforce continue to change and evolve. But the combination of demographic declines and post-pandemic challenges – and opportunities – are radically shifting the way K12 school districts and higher education campuses are thinking about space and where, when and how learning best occurs.
If a new coworker asked you what experiences are the epitome of Grand Rapids, what’s the first thing you’d recommend?
Michigan has flipped the script on business growth over the past decade. In 2011, the state lost 12,000 net businesses; in 2019, Michigan created 2,000 net businesses. Also, prior to the pandemic, Michigan outperformed its Midwest peers in 10-year, five-year and three-year job growth metrics. The state also added roughly 15,000 more automotive jobs.
Introducing the 12th annual Michigan Contractor of the Year (MCOY) NomineesBy AMERICAN SUBCONTRACTORS ASSOCIATION OF MICHIGAN
On August 31, 2022, the American Subcontractors Association of Michigan (ASAM) will celebrate the 12th Annual MCOY Award Celebration at the home of the Whitecaps, Lake Michigan Credit Union Ballpark. MCOY recognizes Michigan’s general contractors and construction managers with a track record of best practices, professionalism, and collaboration within the trade contracting community.
Just in Time May Be Too Late When it Comes to Talent: Third installment of webinar series focuses on establishing talent development pathways for workers.By MMTC-West
Though it may have revolutionized production, the “just in time” mentality does not extend to talent. In the current labor market, manufacturers are finding that many workers are not walking through the door with all the necessary skills they may need. With that in mind, many companies are enhancing their training and development efforts to prepare their workforce for the factory of the future.
From cobots to data collection and analysis, Industry 4.0 is changing the way small and mid-size manufactures think about and grow their businesses.
The Workforce Manufacturers Have: Second of three-part webinar series frames onboarding as quality assurance systemBy MMTC-West
Regardless of industry or seniority, virtually every member of the workforce shares one commonality: onboarding.
Here’s a sobering thought: Every underground piping system - in every building and all of the connections there in-between - installed before and during the 20th century, is rapidly approaching the end of its useful lifespan.
Organizational excellence is more than a phrase – it is a culture that attracts AND retains an exceptional workforce. All employers are seeking ways to recruit qualified employees and reduce unwanted turnover during today’s tight labor market yet there is no “quick fix” approach to this long-term issue.
You’ve worked hard to build your business, equip it with a team of high-performing individuals, and ensure your compensation and benefits package adequately protect your business from what’s come to be known as “The Great Resignation.”
Planning a Construction Project During the Pandemic?: What to expect and how to navigate the challengesBy FIRST COMPANIES
Your business needs to move, but the availability of existing buildings is dismal, and you can’t find the right fit to meet your immediate and future needs. So, you decide to build. Now you’re faced with rising construction costs, labor shortages, supply chain issues, and long lead times that wreak havoc with your timeline and budget. How do you navigate this very real and intimidating situation?
Making old, new again: Building demolition showcases Rockford recycling effortsBy Rockford Construction
Making room for new buildings often involves tearing down old facilities. At Rockford Construction, we drive sustainability in all our projects, and reclaiming and recycling building materials is an important aspect of building demolition.
First of a three-part webinar series focuses on preparing for the manufacturing workforce of the future
Health Care & Human Resources Summit: Taking on New Ground in 2022By Grand Rapids Chamber of Commerce
The 2022 Health Care and Human Resources Summit will dissect the state of our health care system through a business lens and expand on previous topics to include the latest information on hiring, health care, wages, benefits, and more.
I imagine if you are reading this article, you might be struggling to retain new employees and to fill your open positions. You are not alone, and it is going to get worse. The Manufacturing Institute has estimated that between 2018 and 2028, half of all open job positions in manufacturing will go unfilled, (2018).
Capital is vital to any business, whether it’s just getting started or looking to grow. How you fund your business can have a huge impact on your operations and ability to take advantage of new opportunities.
Some days your supply chain can feel like a moving target. From managing volatility in supply and demand, to staving off inflation, to complying with carbon emissions regulations, you never know what challenges your supply chain might face on a given day. Each one can throw a wrench in your planning, supplier relationships, profitability and more.
Strategic property management to drive collaboration at Doug Meijer Medical Innovation BuildingBy Rockford Construction
The Doug Meijer Medical Innovation Building is a monumental development for the City of Grand Rapids. Inside, groundbreaking research and discovery will help drive innovation in the healthcare sector. Outside, human lives will be improved significantly thanks to the work of tenants like BAMF Health, who will provide world-class health treatment for various types of cancer and diseases using advanced medical equipment. Overall, together with the other buildings that make up the Grand Rapids Innovation Park along the city’s Medical Mile, the Doug Meijer Medical Innovation Building will help contribute to more than $300 million in economic impact to Kent County each year.
This Holiday Season Will Be NUTS! Locally-Owned Food Gift Company Shares Their Secrets to SuccessBy Koeze Company
The year is coming to a close and the holidays are upon us. That means annual traditions of family, food… and stressful holiday shopping.
The Grand Rapids Chamber’s 2021 Diversity and Talent Summit: Strategies for Today, Solutions for TomorrowBy The Grand Rapids Chamber
The Grand Rapids Chamber’s Diversity & Talent Summit returns on Tuesday, November 16 with speakers who will examine the importance of diversity, equity, and inclusion in business. From neighborhood storefronts to global enterprises, implementing solutions to create more inclusive environments for employees and consumers will position businesses to strategically navigate the ever-changing marketplace long-term. Participants can expect to hear success stories, get caught up on the latest community DEI metrics, and explore systems thinking as an approach to embed DEI in business, education, health care, and beyond.
AmCon Novi Advanced Design & Manufacturing Expo Suburban Collection Showplace - Novi, MI November 9-10, 2021
AP Managers – Here’s a best practice for your department (that you’re probably not doing).By Patricia Simerson
Here’s a question for all Accounts Payable (AP) managers and treasury professionals: How often do you think about payments after you’ve made them?
For family owned businesses, planning is the key to ensuring a smooth and successful transition of the business to the next generation. A thorough and well-documented plan is a gift to your family and your employees, and helps to safeguard the future of your family business.
Grand Rapids Innovation Park: World-class cancer care made possible through complex constructionBy Rockford Construction
When BAMF Health opens in June 2022 in the Doug Meijer Medical Innovation Building on the Medical Mile in Grand Rapids, it will be home to the world’s most advanced molecular imaging clinic, radiopharmacy and theranostics clinic, providing world-class health treatment for various types of cancer, Alzheimer’s, Parkinson’s, cardiac disease and much more.