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 […]
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 […]
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 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 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 3, 2023
Lyceum Insurance ServicesIndependence Day – Keeping a Safe and Structured Workplace Without Taking Away Employees’ Freedoms
IN THE SPIRIT OF July 4th, we celebrate the values of freedom, liberty, and independence—values that are fundamental to our society and way of life. But these concepts extend beyond just our personal lives; they resonate within the core of our workplaces, as well. Providing a safe and structured environment for employees while also preserving […]
June 30, 2023
Lyceum Insurance ServicesCreating a Winning Culture: Elevating Employee Experience for Competitive Advantage
As new challenges continue to arise for employers in the wake of the pandemic, organizations are realizing that fostering a positive employee experience is the key to attracting, retaining, and empowering top talent. Furthermore, a positive workplace culture built on trust and community contributes to a fulfilling employee experience. Effective leadership and management practices are […]
June 25, 2023
Lyceum Insurance ServicesBeyond Enrollment: The Key to Maximizing Employee Benefits through Clear Communication
In a job market that’s struggling to retain employees and find new hires, attracting and retaining top talent requires more than just offering a comprehensive benefits package. According to recent studies, only half of employees understand key cost considerations such as out of pocket maximums, or even their employer’s contribution to the cost of health […]
June 16, 2023
Lyceum Insurance ServicesOccupational Safety: The Key to Maximizing Workplace Profits in 2023
In today’s fast-paced work environments, prioritizing the safety and well-being of employees is not just a legal and moral obligation, but also strategically vital. A safe workplace not only protects employees from potential hazards, but also fosters a culture of trust, productivity, and overall organizational success. As insurance specialists at the forefront of emerging employer […]
June 12, 2023
Lyceum Insurance ServicesSimplify, Connect, Thrive: Maximize the Potential of Next-Generation HR Technology
In today’s rapidly evolving business climate, Human Resources professionals face numerous challenges, from managing complex employee data to ensuring compliance with ever-changing regulations. As new technologies transform past practices, HR professionals who neglect to leverage automation run the risk of being marginalized or not being compliant. The key to adapting to these pitfalls lies in […]