DECEMBER 2022 INDUSTRY NEWS AND TRENDS
2023 US Economic outlook: Approaching a soft landing
It’s the question on every business owner’s mind. Will there be a recession or not? (And if so, how bad will it be and how long will it last?)
This analysis from Goldman Sachs suggests that 2023 will bring a “soft landing” for the U.S. economy, with the federal government opting to reduce labor demand, rebalance the labor market and soften wage growth to cool inflation. Get the full report.
49% of finance professionals worry cash flow data is unreliable
A recent survey by accounting software provider BlackLine found that financial professionals have diminishing confidence in the accuracy of their data and the level of visibility into their business cash flow.
Nearly half of finance executives do not believe their data is capable of helping them counteract economic challenges such as reduced customer spending power and rising costs, inflation, and interest rates.
Read this CFO.com article to learn more about the data challenges finance executives are facing and how they think it could impact their business cash flow if the predicted recession becomes a reality.
Short-term planning is necessary. Long-term planning is vital.
A new article from Inc. Magazine looks at some of the biggest mistakes companies make when they are faced with massive growth opportunities—or a massive market contraction.
Using cautionary tales from companies that grew too fast, the article identifies the questions every company needs to be able to answer before they invest heavily in growth. Read it now.
Engaging on-site workers: 7 keys to promoting retention
The U.S. is facing one of the tightest labor markets in decades, leaving many business owners struggling to fill vital roles, especially those that require on-site work.
This article from Gallup offers tips for attracting, engaging, and retaining on-site workers, including teaching managers coaching skills, building more “flex” into the workplace, and providing perks that are proven to enhance culture and strengthen employee loyalty. Read it now.