July 8, 2023
Lyceum Insurance ServicesUnion vs. Non-Union Workplaces: Understanding the Impact on HR
IN THE FIELD of Human Resources (HR), the distinction between union and non-union workplaces significantly influences various aspects of employee relations, policies, and practices. Unions, representing organized groups of employees, negotiate collective bargaining agreements (CBAs) with employers, while non-union workplaces operate without such representation. In a unionized workplace, HR departments navigate a unique set of […]
July 13, 2023
Lyceum Insurance ServicesWhy Are Health Insurance and Employee Benefits Important to Employees?
As an employer, you depend on your employees to maintain daily operations and pursue future aspirations. If you cannot attract top candidates, retain valuable contributors or help your employees maintain their health and wellness, your business’s bottom line may suffer. With that in mind, your organization should prioritize understanding the importance of employee benefits. What […]
July 14, 2023
Lyceum Insurance ServicesNavigating the Challenges for Small Businesses in 2023
RUNNING A SMALL BUSINESS has always come with its own set of challenges, and as we continue through 2023, new obstacles and opportunities alike continue to come up. From technological advancements in AI and automation to changing customer expectations, small businesses face a constantly-changing market that calls for quick adaptability and strategic thinking. Whether we […]
July 20, 2023
Lyceum Insurance ServicesThe Impact of Summer on Companies: Embracing the Seasonal Dynamics
SUMMER BRINGS WARMTH, longer days, and a shift in energy that can uplift our moods and give us fun things to do—as well as significantly influence companies across many different industries. As employees enjoy vacation time, customers change their purchasing habits, and businesses adapt to the unique characteristics of the season. Summer often brings a […]
July 25, 2023
Lensey WilsonExperiencing High Turnover? Here’s Why – and What You Can Do About It
HIGH EMPLOYEE TURNOVER can be a significant challenge for companies, leading to increased costs, decreased productivity, and a negative impact on company culture. The cost of turnover is extremely high: it’s estimated that losing an employee can cost a company 1.5-2 times the employee’s salary. Understanding the underlying reasons behind turnover and implementing effective strategies […]
August 1, 2023
Lyceum Insurance ServicesCelebrating Black Business Month: Honoring Entrepreneurship and Economic Empowerment
August is dedicated to celebrating and recognizing the achievements, contributions, and resilience of Black-owned businesses. In 2020, there were an estimated 140,918 U.S. firms with majority Black or African American ownership, up 14% from 124,004 in 2017. Black Business Month provides an opportunity to honor the entrepreneurial spirit and economic empowerment within the Black […]
August 5, 2023
Lyceum Insurance ServicesManaging Remote Teams: Best Practices for Employers
Managing remote teams has become increasingly prevalent in today’s dynamic work environment. As more companies embrace flexible work arrangements, it’s essential for employers to adopt effective strategies to successfully lead and support remote teams. As of 2023, 12.7% of full-time employees work from home, while 28.2% work a hybrid model. Clarity in expectations and goals […]
August 9, 2023
Lyceum Insurance ServicesEmbracing Diversity and Inclusion: Building a Stronger Workplace at Lyceum Insurance
Maintaining a sense of open-minded acceptance and interest in employees who have knowledge and experience from a unique and different point of view is nothing but helpful to any organization seeking to reach their potential. Divergent thinking, diverse backgrounds, and unique points of view helps avoid the common trap of ‘groupthink’ and empowers a collective […]
August 11, 2023
Lyceum Insurance ServicesWhy Is It Important to Have an Employee Handbook?
As your organization attempts to maintain consistent and streamlined operations, you should ensure that all team members are on the same page. If employees work with different expectations, methods or goals in mind, it can lead to a dysfunctional and inefficient workplace, potentially creating risk for the employer. With this in mind, your company should […]
August 14, 2023
Lyceum Insurance ServicesPreparing Your Business for Back-to-School Season
As summer draws to a close, the back-to-school season presents a significant opportunity for businesses to tap into a bustling market. Whether you run a retail store, a service-based business, or an e-commerce platform, preparing for this busy season is essential to maximize your success. In this blog post, we’ll explore key strategies to help […]