Cutting business spending doesn’t mean letting your talented team members go. You can cut costs, not corners, by being smarter and addressing money management in other areas. Employees may be your largest expense, but they are also your most important asset. Before you decide on workforce reduction, consider every possibility like the following alternatives: Allow employees to work remotely. Offering … Continue reading →
While money doesn’t grow on trees, it can grow in a Health Savings Account (HSA). With health care costs increasing, an HSA offers a financially affordable alternative that could help you and your employees. Who doesn’t like benefits? For your employees, opening an HSA will allow them to contribute with pretax funds. These funds stay with employees, even if they … Continue reading →
He’s (Not) All Business Erik joins our Palladium team as our Commercial Credit Officer. “I have several friends who work at Allegacy so I knew when it was time for me to make a change, Allegacy was the place to be.” Erik is an avid outdoorsman with a home in the Triad and a cabin in the mountains near Mt. … Continue reading →
According to the US Small Business Administration, a small business is defined as any business with 500 or less employees. In 2018, there were approximately 30.2 million small businesses employing 58.9 million workers. As you walk down the street of your hometown, many of the products and services you purchase are from local businesses – your local car mechanic, your … Continue reading →
As we embark on this year’s holiday shopping season, let’s take a moment to celebrate the small businesses that help our local economy thrive. According to Triad Local First, 68% of dollars spent at locally owned businesses stay in our community. This money helps strengthen our schools, create jobs, grow our businesses and make the Triad an even better place … Continue reading →
In today’s job market, employers are not only looking at your education and work history. They’re often trying to predict how you will behave in the role and ultimately contribute to the organization. By asking behavioral interview questions, a recruiter will probe deeper into how you’ve handled various work situations in the past to uncover your transferable skills, abilities, and … Continue reading →
There are many considerations when looking for a job. What do you want to do? What are you qualified to do? What additional training do you need? Who do you know in the field or with the company you want to work in? What do the jobs pay in your chosen profession? Where are the jobs in your chosen profession? … Continue reading →
We’ve all been guilty of putting off important responsibilities because they are time-consuming or stressful. For many business owners, transitioning their business can be a daunting task. However, having a valid blueprint for transitioning a business is vital to the success of a long term plan. According to a 2015 survey conducted by U.S. Trust, some of the main reasons … Continue reading →
Communities thrive because of the people in them and the businesses who help them live their lives conveniently and on their terms. Having a trusted partner in your community to help you with your financial needs keeps money moving in the local economy and provides jobs. According to Stacy Mitchell, “Small businesses, which create the majority of new jobs, depend … Continue reading →
At Allegacy Federal Credit Union, we believe when we are at our best, our members can be too. We know that our employees spend a majority of their time at work and that it’s important they feel connected to each other. Our award-winning AllHealth Wellness program strives to improve the wellbeing of our employees by focusing on five pillars of … Continue reading →
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