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How Coronavirus (COVID-19) is Impacting Small Businesses and What You Can Do About It
The spread of the coronavirus (COVID-19) is developing rapidly, leaving many small business owners uncertain about their future. Those we’ve spoken with expect the coronavirus to have a significant impact on their revenue. Unfortunately, it seems these concerns are justified, but there are some actions you can take to
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How COVID-19 and work from home is transforming rewards packages
Flexible work arrangements may have been around for decades, and COVID-19 has flipped the script by hyper-accelerating WFH through a need for tens of millions of workers to shelter in place. Despite the lack of HR policies and protocols for an almost instant shift to 100% remote working, American creativity configured
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How do Economies of Scope and Economies of Scale Differ?
Economy of scope and economy of scale are two different concepts used to help cut a company's costs. Economies of scope focuses on the average total cost of production of a variety of goods, whereas economies of scale focuses on the cost advantage that arises when there is a higher level of production of one good. Econ
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How family caregiving is having a big impact on recruiting and retention
Little known fact: many of your current employees are working a second full-time job. No, I'm not talking about driving for a car-sharing service. Not freelancing. No, these employees are caring for elderly or disabled loved ones. Consider the statistics: 42 percent of employed Americans (more than 54 million people) h
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How Old National Bank Foundation Grants Fund Community Progress, and How to Apply
Old National has always focused on strengthening and supporting the communities we serve. In 2023, we invested nearly $4.2 million in our communities
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How Old National is Creating New Homeowners, Meeting Demand for Majority-Minority Area Home Ownership
By Christian Gilhuly | Old National Bank Community Development Loan Officer, Grand Rapids After almost 25 years in banking, and now recently changing
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How Small Businesses Can Clear the Economic Hurdles Ahead
For SMB owners seeking to chart a course through this uncertain landscape, a few key principles are important to keep in mind.
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How small businesses can help employees prepare for retirement
Employees' retirement plans took a hit as the pandemic forced workers to focus on immediate financial concerns rather than long-term savings, but for
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How Small Businesses Can Use Credit Wisely In A Tough Economy
It’s important to remember that credit alone isn’t a growth strategy. For lasting success, credit cards should be used intentionally, with a strategy behind them.
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How the Coronavirus Crisis Might Affect Your 401(k) Benefits
The next time a global pandemic rolls around, at least we'll know what to expect. The effort to contain COVID-19 in the U. S. has changed how we work, shop, exercise, and socialize. Even our long-term savings habits might be disrupted as employers look to optimize 401(k) benefits to conserve their own cash. According t