The family unit can be a major source of conflict for a family company. On the one hand, the successor for the top job is most likely to be a family member, while on the other hand family members’ interests and objectives can be divergent.
In a world where group insurance costs are constantly rising, thanks especially to the exploding cost of medications, higher incidence of disability, and significant government retrenchment, it is crucial to control all the factors that affect group insurance premiums.
The challenge of international expansion comes with compelling growth opportunities for a company seeking to advance and expand, even with an awareness of the risks that such ventures carry.
Attracting high-quality hires and earning their loyalty are crucial issues for many companies. And the talent shortage, which will grow worse in the coming years, will make the challenges even tougher.
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