Tips to Make Your Employee’s Job More Meaningful

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The average employee spends about 2,000 hours at work a year? – not counting breaks, their commute, and overtime. So how can leaders help employees find meaning at work?

Companies spend a considerable amount of time, money, and resources on creating their vision, mission, core values, etc. but they often fall to the wayside when it comes to the daily grind of the workday and their Employee Experience. Employees might eat, drink, and breathe the company’s purpose and know why they do what they do – but employees really need to feel satisfied and engaged with their jobs in order for it to feel meaningful to them.

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How to Boost Workplace Positivity

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Have you noticed that smiling (and yawning) are contagious and not just when passing someone in the grocery store or holding the door open at your local coffee shop, but at the workplace too. We spend so many hours of our lives at work and with our coworkers, often more than we do with our families and friends. In general, people tend to gravitate towards positive and happy people and avoid the grumpy and negative people. If you’ve made a resolution this year to rid yourself of negativity and be more positive, here are some awesome phrases you can start using in the workplace to help show your appreciation, encouragement, and even trust in others. Management role not required to use these!

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What is a Cash Mob and Why do we do Them?

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Perhaps you’ve heard some buzz lately around Litchfield Bancorp’s Community Cash Mobs, but you weren’t quite sure what they are and why we do them. As part of our Locally Owned, Locally Grown campaign to help support local businesses and the communities in which we serve, we launched our Cash Mobs in 2018. A Cash Mob is a community event that people use to join together and support local businesses.

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Why surveying your customers is smart business

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Feedback is one of the most important things you can receive for your business. Without it, how would you know what your customers want, what they like, what they don’t like, and what you can improve on? Living in such a quantitative world – where everything can be measured-  why wouldn’t we use the data gathered from our customers to improve how we interact with them? Continue reading “Why surveying your customers is smart business”

I need cash – should I borrow from my 401K or my home’s equity?

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If you are looking for cash to invest in real estate, pay down high-interest loans, complete a home improvement project, or pay off an emergency medical bill, you might be wondering which the better option is: borrowing from your 401k or your home equity via a loan or line of credit. The answer depends on how you plan to use the money, how much money you need, and how long it will take you to pay it back? Continue reading “I need cash – should I borrow from my 401K or my home’s equity?”

I messed up my credit. How do I fix it?

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It’s something no one talks about. It’s right up there on the list of taboo items you don’t mention to other people, like your annual income and amount of debt you have or your credit score. The lower it is, the less likely you are to share that number with people. But you’d probably be surprised at how many people have made mistakes and witnessed the swan dive of their credit score. The important thing is to get it fixed as quickly as possible. Continue reading “I messed up my credit. How do I fix it?”

Limiting your credit card balances – How to pay off your credit cards when paying in full isn’t an option

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Everyone knows that you shouldn’t rack up credit card debit and you should only charge items/services that you can afford to pay in full when your monthly statement comes in. But for most people, it’s just not feasible. Emergencies happen, unexpected car repairs are needed, the list goes on and one. But maxing out your credit cards can have a sever impact on your credit score. Continue reading “Limiting your credit card balances – How to pay off your credit cards when paying in full isn’t an option”

401Ks – Potential ways to maximize your dollars for retirement

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Over the past 10 years, you may not have noticed but there has been a quiet revolution transforming the 401(k) landscape. As a result, you’re probably saving more consistently and investing in a smarter mix of stocks and bonds without even knowing it. Employers have also been increasingly automating financial moves that you might otherwise drag your feet on – it’s not exactly a fun Saturday night in! Be honest, do you really remember to boost your contribution percentage every year? Continue reading “401Ks – Potential ways to maximize your dollars for retirement”

Keeping up with Technology – the struggle is REAL!

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If you subscribe to our emails (you can sign up here), you’ve probably seen a lot of information over the past year about security updates, fraud alerts, and the ways in which Litchfield Bancorp is constantly making upgrades in order to better serve you and keep your information safe. It’s not an easy job to keep up with technology and its rapid pace, but it’s a necessity that we take very seriously here at the bank. Continue reading “Keeping up with Technology – the struggle is REAL!”