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• What Workers Want

  Pay, incentives, and benefits haven’t significantly changed for decades, but people’s preferences have.  If you haven’t reconsidered your pay and benefit package in the last ten years, it’s time to do so.  And you may need to make it more personalized.  For instance, not everyone wants a gym membership in place of higher pay.  Or, conversely, not everyone wants higher pay instead of dental care or a shorter work day.  Source: Strategy+Business
  
  

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• Principles of Persuasion

  If you’re looking for ways to encourage people to do more business with you, these three modern principles of persuasion from author Robert Cialdini could help.  Source: Social Media Examiner
  
  

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• Integrated Skill-building

  Companies that integrate learning throughout the organization are preparing employees for emerging work models.  Companies are more likely to gain an edge in skill building when their leaders are willing to question old assumptions. McKinsey experts offer ideas on how to build a more resilient, future-ready workforce.  Source: McKinsey.com
  
  

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• Social Media Trends

  Social commerce and augmented reality (AR) are two of the trends discussed by social media expert  Matt Navarra.  Source: SocialMediaToday
  
  

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• Economy Central

  Consmer Spending and the Path Forward
  
  Reduced pandemic restrictions, combined with the vaccine rollout, appear to be breathing new life into consumers and businesses. By Dirghayu Shah and Lynn MacDonald.  This story first appeared in the November-December 2021 issue of Business Central Magazine.  Following are the sources used in the story.
   
  References
  Attinasi, M. G., Bobasu, A., & Manu, A.-S. (2021, August 2). The implications of savings accumulated during the pandemic for the global economic outlook. European Central Bank. https://www.ecb.europa.eu//pub/economic-bulletin/focus/2021/html/ecb.ebbox202105_01~f40b8968cd.en.html.
  Coombs, K., Dube, A., Jahnke, C., Kluender, R., Naidu, S., & Stepner, M. (2021). Early Withdrawal of Pandemic Unemployment Insurance: Effects on Earnings, Employment and Consumption.
  Crutsinger, M. (2021, August 27). July US consumer spending ekes up 0.3% as delta threatens. ABC news. https://abcnews.go.com/US/wireStory/us-consumer-spending-slows-03-gain-july-79677659.
  Mutikani, L. (2021, August 31). Surging COVID-19 CASES dampen U.S. consumer confidence, house prices post record gains. Reuters. Retrieved September 12, 2021, from https://www.reuters.com/business/us-consumer-confidence-drops-six-month-low-august-2021-08-31/.
  Omeokwe, A. (2021, August 17). U.S. retail sales fell 1.1% in July as spending fell across categories. The Wall Street Journal. Retrieved September 12, 2021, from https://www.wsj.com/articles/us-economy-july-2021-retail-sales-delta-variant-11629153243. 
  Opportunity Insights. (n.d.). The economic tracker. Percent Change in All Consumer Spending. https://tracktherecovery.org/.
  
  

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