Making the transition from recent college grad to full time employee

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Being a new graduate is an exciting time. You have accomplished a huge goal by earning your diploma and are ready to start the next chapter. Transitioning from student to full time employee is not always easy so here are some tips to help you navigate the process:

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Value Based Payment Reform and What You Need to Know

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Healthcare reform has been a hot topic even before the roll out of The Affordable Care Act in 2014. One of the latest ideas to take hold is Value Based Payment, quite different from the current system – Fee for Service.

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Are you reading the right reviews?

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When it comes to purchasing new products – whether it’s toys, a new dishwasher, or even a pair of jeans, many people immediately hop online to scour the web for reviews. They want to see the good, the bad, and the experiences of other users. After all, people review just about everything – right?

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Senior Living Facilities: Will Supply Meet Demand?

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It seems like more and more senior living facilities and 55+ communities are being built and filling up as quickly as the owners announce availability.  Not too long ago senior living facilities along with skilled nursing and assisted living centers focused solely on providing health services for those at an advanced age.  However, it’s become so much more than that over the years and senior living facilities are becoming the new norm. The Baby Boomers are exiting the workforce, selling their homes, and heading into their Golden Years.  They, and their children, are looking for simple and safe community of their peers. The type of facility they choose is usually based on quality of their health, proximity to family, and their budget.

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Vendor Management 101

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Most businesses use a variety of vendors to fill skill gaps within their company,  in fact many of the vendors used are critical to your day to day operations.   Vendors include services such as computer and IT support, bookkeeping, or even a graphic designer and writer. Many are key parts of your supply chain, so it’s critical they are well chosen and well managed.

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Handling the Manufacturing Skilled Worker Shortage

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In an age where technology is moving at a mile a minute, it’s not surprising that many young adults entering the work force are focusing on jobs in technology. However, the change in focus is leaving a shortage in many fields including manufacturing. What was once a top career option for individuals opting not to go for a four year college degree, is no longer seen as a viable career path for Millennials and Generation Z. It’s estimated that 2.4 million manufacturing jobs could go unfilled between now and 2028, according to a study from the association and the consultancy firm Deloitte. Continue reading “Handling the Manufacturing Skilled Worker Shortage”

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 2017. A Cash Mob is a community event that people use to join together and support local businesses.

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4 things to check when hiring new employees

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With the unemployment rate at an all-time low and more jobs available than qualified people, hiring managers are having a hard time filling open positions with qualified candidates. With the use of Applicant Tracking Systems (ATS), employers can use technology to weed through hundreds, sometimes thousands of applications to try to find the best candidates in the quickest and easiest way. Continue reading “4 things to check when hiring new employees”

Starting a business? Here’s what you need to know

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Starting your own business can be both an exciting and scary endeavor. Not only will you need passion and perseverance to weather the ups and downs, but you’ll need to be prepared well in advance of putting up that Open Sign if you want to make it in the long run. If you are thinking about starting your own business here’s what you need to know to get started. Continue reading “Starting a business? Here’s what you need to know”

Holiday Recipes From Our Table to Yours!

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One of the best things about the holiday season is the traditional recipes that have been made year after year and passed down from generation to generation. Here are some of our family favorites here at Litchfield Bancorp. We hope you enjoy them as much as we do. Happy Holiday!

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