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Business Insights
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Domo arigato, Mr. Roboto: Is AI the future of HR?
Feb 19, 2020 1:00 AM - Even if you didn't grow up in the 1980s, you probably know at least some of the lyrics to the Styx classic "Mr. Roboto." For example, you may be familiar with this line: "Domo arigato, Mr. Roboto, for doing the jobs that nobody wants to." Dennis DeYoung, the prescient Styx songwriter, was interviewed by Billboard magazine last July about the fact that the band had recently added Mr. Roboto back into its concert play list for the first time in 35 years. DeYoung said the band had begun playing the song again because fans as young as 12 years old have been requesting it during virtually every recent concert. The same summer that Styx was adding "Mr. Roboto" back to its set list, Fast Company business magazine ran a story entitled, "How to Nail an Interview with a Chatbot." The HR lawyer in me believes these stories are related, and they are saying something important about the direction of our culture and about HR. AI may be the future of HR, but it may not be as easy as we think to get there. If that is the case, lawyers and politicians will be to blame. -
Are employers responsible for protecting their employees from workplace violence?
Feb 12, 2020 1:00 AM - An employer cannot predict workplace violence but they can have procedures in place to help keep their employees safe. -
Disrupting B2B payments in 2020
Jan 22, 2020 1:00 AM - Anyone working in a small to medium sized business knows that one of the biggest pain points is managing vendor payments. As a Treasury Management professional, our team regularly visits Accounts Payable (AP) departments only to find their AP clerks overwhelmed with paper and multiple processes to manage payments. While 2019 was the year of person to person (P2P) payment growth (think Venmo, Zelle, etc.), it's predicted that 2020 will be a year of disruption for business to business (B2B) payments. With so much digital advancement in the recent past, AP departments are now primed to take advantage of automated solutions to streamline their processes. -
Unmasking the culture-killing leader
Jan 22, 2020 1:00 AM - A company's culture isn't worth the piece of paper it's written on if your leader is crumpling it. When a bad boss is aboard, employees feel browbeaten and defeated. -
Make sure your culture is an asset in 2020
Jan 22, 2020 1:00 AM - It's a new year and the beginning of a new decade. Organizations make resolutions, but they usually come in the form of strategic plans, annual goals, performance targets or special initiatives. In 2020, how many of yours involve corporate culture? -
New 401(k) and IRA law might affect how you plan your estate
Jan 21, 2020 2:06 PM - On December 20, The SECURE Act ("SECURE") passed into law as part of a budget bill. SECURE drastically alters retirement account distribution requirements for a beneficiary inheriting a retirement account. -
Ready to grow your business? Consider the SBA 504 loan
Dec 12, 2019 1:00 AM - The SBA offers four categories of loans: 7(a) working capital loans, microloans, disaster loans and 504 fixed asset loans. These programs provide much needed capital to small businesses, but the 504 stands out for its beneficial borrower terms. -
Legal recreational marijuana and unintended consequences
Dec 11, 2019 1:00 AM - Illinois is embarking on a grand public policy experiment starting Jan. 1, 2020 when it legalizes the sale, use and possession of recreational marijuana. Like all public policy experiments, there will be good and bad unintended consequences that impact Illinois employers. -
SBA financing -- as "conventional" as it gets
Dec 12, 2019 9:44 AM - One of the biggest misunderstandings with SBA financing is that it is for those that don't qualify for "conventional" financing. But what actually is conventional financing? -
How integrated solutions can support the health & wealth of your enterprise
Dec 11, 2019 9:22 AM - All business entities face risk. Some aspects are insurable while some are not. But just because the risk is insurable, does that mean you should buy insurance?
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