Month: March 2020

Abiomed speaks with MindBodyGreen on COVID-19 and what heart patients need to know

With social distancing becoming the new normal in the wake of the coronavirus outbreak, people have adapted to the 6 feet apart way of life. It is important that everyone takes these guidelines seriously to avoid contracting and spreading the virus, especially for vulnerable populations, such as people with cardiovascular disease. Cardiologist and medical director of Abiomed, Shon Chakrabarti, M.D., MPH, spoke with MindBodyGreen on the increased risk factors people with heart disease might face and how people with the preexisting heart conditions can stay healthy in isolation.

“The important thing is to keep moving,” Chakrabarti said. “For patients with heart disease, spending all day in a sedentary position is just about the worst thing you can do.”

Read the full story: What Heart Patients Need To Know About COVID-19, From An Expert (MindBodyGreen)

Duncan Rolph of Miracle Mile Advisors talks 401k with US News & World Report

Miracle Mile Advisors wants their clients to understand what’s involved with moving funds before choosing to roll over a 401(k) plan. For those that have a 401(k) plan with their employer, there may come a time when there will be an option of rolling it over.

“401(k) plans generally have limited options that are selected by the company, so by rolling over your 401(k) to an IRA you gain an infinitely larger number of choices as to how to invest these proceeds,” says Duncan Rolph, managing partner of Miracle Mile Advisors.

Read the full article: What Is a 401(k) Rollover? (US News & World Report)

TaskUs CEO speaks about transitioning 2,000 San Antonio employees to work remotely

The outbreak of COVID-19 has lead many companies to ask their employees to work from home, but TaskUs, the customer support company based in Santa Monica, was able to successfully do it at a much larger scale. With an employee count of 20,000 worldwide, 2,000 of them based in San Antonio, the company transitioned all of their employees from their offices to work in their own homes.

“Tuesday of last week, we no longer felt safe asking our frontline teammates to work in office, so leadership decided to move our workforce to work from home,” said TaskUs CEO, Bryce Maddock during his meeting with the San Antonio Business Journal.

Read the full article: Customer service company moves entire workforce — including 2,000 in SA — to homes (San Antonio Business Journal)

 

Investors bet on grocery-anchored retail to compete with online shopping sales.

Retailers all across the country are feeling the pressure caused by the coronavirus pandemic and social distancing. Grocery stores, however, seem to be thriving in this environment. The urge from government officials telling their states and cities to stay home at a time like this has people rushing to grocery stores to stock up on food because of the uncertainty this pandemic is causing.

“Many of us in Western society have come to consider our food supply as rock-solid. However, with the prospect of being homebound for extended periods and the fear of stock-outs, many have rediscovered the grocery store anchoring the neighborhood shopping center after finding that online sources were unreliable and mob scenes at the warehouse club,” Gary Tenzer, co-founding principal at George Smith Partners, tells GlobeSt.com.

Read the full article: Bets on Grocery-Anchored Retail Are Paying Off (GlobeSt.com)

George Smith Partners speaks on COVID-19 and it’s impact on real estate

The COVID-19 pandemic and the substantial disruption that the global economy is facing has created a wave of uncertainty over the financial markets. Many people will be losing their jobs which will have an inevitable impact on the real estate market.  Although these times are concerning, there is no reason to panic.

“I don’t think the outcome is going to be catastrophic, but this is going to be very uncomfortable for a while,” said Gary Mozer, principal and co-founder at George Smith Partners. “The government has to step in—because there are too many people being affected—and they are starting with cheap money.”

Read the full article: Coronavirus Pandemic Will Be Uncomfortable, Not Catastrophic (GlobeSt.com)

How To Avoid Coronavirus Communication Blunders | eNews from OWC

The coronavirus has changed business communication forever. In most cases, this comes in the form of a reassuring email from employers, service providers or professional organizations about changes that have to be made or events that have been cancelled or are being postponed. Many of these emails begin with phrases such as “In an abundance of caution …” or “Because your safety and well-being are our top priority …”

Most of us skim these emails, take note of any substantive changes, update our calendars if necessary, move on with our days and forget the exchange. Mundane as that sounds, that’s a best-case scenario for corporate communication in times of crisis.

Our agency had an up close and personal experience with coronavirus communications when a bad communications plan landed one of our senior executives in a mandatory work-from-home situation. Here is her first-person account …

I recently went to Boston for work, checked in and thought I was having an uneventful trip – until late Friday. As we were wrapping up our meetings for the day, we were informed that nine days earlier an event had been held at a well-known national hotel chain and there were cases of coronavirus confirmed among those attendees. The hotel tried to assure us there was no risk to our health, the event had been held days before our own event began and no hotel staff had been affected. The hotel claimed that they had only just been informed about the outbreak and had been maintaining higher-than-average cleaning processes since the virus was first reported in the U.S. The underlying message was clearly “there’s nothing to worry about.”

Breaking bad news at the end of the day on a Friday is a well-known tactic among PR and communications people. I started to get irritated. Then I did a simple media scan to see if and what other information was out there. The Boston Globe already had a story up on the outbreak. The hotel had no comment.

I was angry and packed my bags to check out – two days earlier than my original booking. While I spoke with the hotel’s front desk, verifying that I wouldn’t be subject to fees or penalties for the early departure, the staff was moving so quickly that it was clear they didn’t want the people in line to check in behind me to hear our exchange.

Now, days later, I am the one calling the hotel for information. No proactive outreach on their part. I am the one following the news to see if hotel staff is still virus-free. No word from the hotel.

Had I been told at check-in about the situation, I would have happily relocated to another hotel in the area – there is no shortage of other options. Had I seen the front desk telling the people checking in about the concern, I would have sympathized. Had I gotten even one email or call since checkout, I could have given them the benefit of the doubt in dealing with a difficult situation.

Learn from the mistakes of others and consider these three points in your communications.

  1. Break your own bad news. Brands build loyalty in times of crisis if it’s handled well and it controls the narrative. The newspaper is the last place you want your stakeholders to get the information you should have given.
  2. Don’t downplay. The impact of your news on your stakeholders is not for you to decide. Provide the facts and don’t assume or assign the feelings that follow.
  3. Overcommunicate. Stay in communication with your stakeholders until the crisis has passed. It’s better to provide too much information as opposed to too little.

Coronavirus communication has monopolized our time for the last several weeks. Our senior executive’s account really brought it close to home.

Kevin Barlow of Miracle Mile Advisors gives insight on what investors should do as coronavirus slams markets.

As money managers advise clients to stick with their current investment plan, the dropping stock market is creating a whipsaw effect that is enough to worry even the sturdiest investors.

“Any financial plan or strategy that was created and didn’t account for a potential 20% drop in the markets was not one that was going to succeed over the long term,” Barlow said. “Our view is the right positioning decisions are the ones that are made prior to when all the market turbulence hits, not in the middle of all the turbulence.”

Read the full article: Coronavirus is slamming markets. What’s an investor to do? (LA Times)

Duncan Rolph of Miracle Mile Advisors featured in Forbes regarding the Coronavirus and your investment portfolio

The Coronavirus has had a huge impact over the stock market and Miracle Mile Advisors is shedding light on what investors can do after the biggest one-day stock market drop in history. The coronavirus and the shutdown in China were jolts that woke us up to shockwaves hitting the global economy. The last time a health scare hit China was in 2003, and it proved to be nothing more than a blip. However, 20 years of globalization – led mostly by China – has created a much more interdependent world today

Read the full article: Is the Coronavirus Infecting Your Investment Portfolio? (Forbes)

 

TasksUs gives insight on machine learning programs and human intervention

Reports show that the Philippines may risk losing the title of the world’s call-center capital, with the most agents employed, if it does not adapt to the rise of artificial intelligence (AI) technologies fast. Half of the billions of workers have “low-skill-level” jobs who are customer service agents and back-end support. there are programs powered by machine learning that accomplish these tasks in a matter of minutes. There are programs powered by machine learning that accomplish these tasks in a matter of minutes.

“Machine learning [programs] will always need some human interventions,” said Dan Nacarato, TaskUs’ senior vice-president for Southeast Asia. “There will always be humans who will feed the data to machines and clean up the data when needed.”

Read the full article: Artificial intelligence: friend or foe to Philippine call centre workers? (South China Morning Post)

NewDay USA promotes Franco Greco to SVP of Loan Origination and Business Development

NewDay USA has promoted company veteran Franco Greco to senior vice president of origination and business development to help grow the NewDay team to over 1,000 by 2021.

“Franco has shown outstanding leadership in building the success of our loan origination business and our recruiting effort, and he has been instrumental in our company’s success,” said NewDay USA founder and CEO Rob Posner. “Our leadership team represents the next generation of our nation’s mortgage banking leaders and will continue to drive the company’s noble purpose to see every veteran become a homeowner.”

Read the full article: NewDay promotes SVP to boost recruitment efforts (Mortgage Professional America)