For many employees and their employers, pay raises and the opportunity to work overtime hours at a higher rate of pay sound like positive opportunities. But what are opportunities for some are pitfalls for others—especially those who receive public benefits. That’s because earning more may render someone ineligible to continue receiving public benefits like healthcare and child care.
Employee absences carry hidden costs that can affect an organization’s productivity and revenue.
It is not a surprise that Buffalo Niagara employers have identified workforce issues as pain points. For the last two years, according to the Buffalo Niagara Partnership’s Member Pulse survey results, workforce issues have remained among the top three pain points.
The Binational Research & Innovation Corridor (BRIC) is a regional initiative to establish a binational innovation and entrepreneurial ecosystem. This initiative is a unique response to changing economic and political dynamics by using the border as a strategic advantage. BRIC focuses on life sciences, specifically creating opportunities for ideas to be implemented and brought to the market.
“If you want to go fast, go alone. If you want to go far, go together.” That is the message Marc Burt has for employers looking to create diverse and inclusive workplaces. Burt – a former vice president of Inclusion and Diversity at Honda North America – shared his experience and expertise as the keynote speaker at the Buffalo Niagara Partnership’s Maximizing the Value of Diversity event earlier this month. In addition to Burt, a crowd of more than 125 people heard from topic experts and business leaders who have made diversity and inclusion a priority for their company.
One third of our region’s K-12 students are children of color. Making sure these children grow up to participate in and benefit from the regional economy is at the heart of the Greater Buffalo Racial Equity Roundtable. Made up of 37 business, community, philanthropic, religious and political leaders, the Roundtable is developing strategies to advance racial equity in our community. The Roundtable’s work is led by a vision of Greater Buffalo’s shared future, where racial equity will create prosperity and opportunity for everyone in the community.
Did you know that employees that feel included and think their organization is committed to and supportive of diversity report an uplift in innovation, responsiveness to customers and team collaboration? According to a study recently published by the Harvard Business Review, inclusive teams outperform their peers in team-based assessments by 80 percent.
The nuances of language and the ways in which we communicate are critical components to getting on the path toward building racial equity.
The Buffalo Niagara region is undergoing an economic revitalization, however the future success of new construction projects and redevelopment is not guaranteed. Disjointed development policies and overly-burdensome regulations, often unique to Buffalo and New York State, create a challenging environment for projects to move forward. To build upon our momentum and truly achieve new growth, policies impacting local development must be aligned to achieve the prosperous future envisioned for Buffalo Niagara.