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Columns and Features

Consider bank-based solutions to employee retention

The high cost of replacing an employee is well documented. From the Society for Human Resource Professionals to the Center for Community and Economic Development, studies show that employee turnover is a real problem for most businesses. In fact, according ...

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Don Stevens is still scoring with his hockey broadcasts

Upon graduating from a Denver high school nearly a half century ago, Don Stevens enrolled in a community college. He had no idea what he wanted to do with his life, but he figured he’d stumble upon something. After a ...

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To reduce fraud, internal control processes are essential

“Our form of democracy is bribery, on the highest scale.”      —Gore Vidal The recent indictment of the chief financial officer of a Popeye’s franchise operator in the deep south has prompted the topic for this column. That is, fraud, embezzlement, ...

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Rochester’s real GDP growth lowest among upstate metros

Real GDP for the Rochester metropolitan area—an inflation-adjusted measure of our gross product based on national prices for the goods and services produced here—grew by a total of only 1.1 percent between 2009 and 2014, the slowest growth among upstate ...

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Some thoughts on Yogi, Tyrod, the Pearl and Brady’s bunch

The news of Yogi Berra’s passing last week at age 90 inspired one New York tabloid to run a large photograph of the smiling baseball legend with a simple headline: “It’s over.” It was a clever takeoff, of course, on ...

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Non-Profit Report: Flower City Habitat for Humanity Inc.

Non-Profit Report: Flower City Habitat for Humanity Inc. builds homes and revitalizes neighborhoods in the city of Rochester. Since 1984, it has built more than 210 homes in low-income neighborhoods, including 45 in the JOSANA area west of downtown—its current ...

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Fiscal uncertainty leaves rate unchanged

As the leaves are changing colors and falling off the trees, it’s the time of year I call the “fiscal follies”—the year end/new year for the federal government and its budget package. It crept up pretty quickly this year, with ...

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Relationship triangle draws third party into perilous waters

When I was a kid, I remember watching many television programs exploring the mysteries associated with the infamous Bermuda Triangle. Through re-creations and stories of eye witnesses, these TV specials would recount claims of unexplained disappearances of aircraft and ships ...

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Most recruiters say candidates should include address on resume

“I am a hiring manager at a local company, and I’m noticing more and more resumes coming in without street addresses on them. I know the likelihood of us using something other than email to talk to a candidate is ...

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Rochester area unemployment drops below 5 percent

Unemployment in the Rochester metropolitan area in August fell below 5 percent for the first time since November 2007, according to figures released by the New York State Department of Labor on Tuesday. The area’s rate dropped to 4.8 percent, ...

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Non-Profit Report: Breast Cancer Coalition of Rochester Inc.

Formally organized in 1997, the Breast Cancer Coalition of Rochester Inc. provides support, information and education to those touched by a diagnosis of breast cancer. BCCR is a member of the New York State Breast Cancer Network and serves Monroe ...

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Storytime on the job should model predictable behavior

Narrative: nar·ra·tive (noun) a spoken or written account of connected events; a story. Storytelling is one of the earliest forms of communication in society. From painted symbols on cave walls, carved tree trunks, sand and leaves to verbal communication, music ...

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IRS rules target common deferral arrangement

The IRS has issued proposed regulations regarding disguised payments for services by partnerships. While the proposed rules are focused on a common practice used by private equity funds, they have important implications for all partnerships that make payments to their ...

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Employer optimism puts spotlight on job skills gap

Optimism about Rochester’s near-term outlook appears to be rising, according to M&T Bank’s latest survey of companies with annual sales of $10 million to $500 million. Among Rochester-area “middle market” firms polled in July and August, fully one-third (33 percent) ...

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Big data’s power can also be a double-edged sword

What are the biggest potential areas of risk for your organization? Can today’s emerging data technologies help you consider how to minimize or otherwise prepare for these risks? Have other organizations begun to leverage data for that purpose? In this ...

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