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Addressing Labor Challenges with AI and Automation — Where is the Line?

Colorado business leaders still face persistent labor challenges in 2024. Compared to other states, Colorado’s workforce trends younger and more educated than most, but we also have a gap between the availability of and demand for skilled workers. Automation is an attractive option for many employers to bridge that gap.  READ:[...]

Business people greeting smart robot machine in office. AI and humans working together, flat vector illustration. Artificial intelligence and human collaboration, cooperation.
Featured Articles

3 Strategies for Colorado Business Owners to Retain Talent Cost-Effectively

Colorado’s small business landscape is competitive. According to the Colorado Chamber of Commerce, there are over 691,000 businesses in the state. While factors like marketing, quality products and services, and transparency are all crucial to success, the bottom line is that your business will only be as great as the people workin[...]

Employee retention strategy programme. Retain, motivate and train
Economy/Politics

Addressing Immigration: How This Key Issue is Shaping the 2024 Election and U.S. Policy

Immigration is a top-of-mind topic these days. It was Trump’s strong suit in getting the Republican nomination in 2016 and will continue as his lead card to play in this year’s election. READ: Challenges Ahead — Economic Concerns and Inflation Spell Trouble for 2024 Elections A Gallup poll shows voter concern over immigration[...]

Letter from US Citizenship and Immigration Services on Flag of United States of America.
Companies

Manuj Nikhanj Named Enverus CEO

Enverus, the most trusted energy-dedicated SaaS and generative AI company, today announced the promotion of Manuj Nikhanj to the position of CEO, effective July 1, 2024. Nikhanj, who currently serves as Enverus' president, will succeed Jeff Hughes, who will continue to support the company in the role of executive chairman. “W[...]

Manuj Nikhanj - CEO of Enverus
Community News

More Companies Offer On-Site Child Care. Parents love the Convenience, but is it a Long-Term Fix?

They operate in places like an airport, a resort and a distribution center, tucked away from the public eye but close enough for easy access. They often emit laughter — and the sound of tumbling blocks, bouncing balls and meandering tricycles. They're child care centers based at workplaces. And in the fraught American child care[...]

Human Resources

Navigating the ‘Big Stay’: How Businesses Can Attract and Retain Top Talent Amidst Evolving Job Market Dynamics

The Great Resignation, once a hot topic and large concern for employers across the nation, has since evolved into a new era of the 'Big Stay.' After the pandemic, employers became increasingly concerned about employee retention and its effect on their overall organization. The Great Resignation encouraged dissatisfied employees to s[...]

The big Stay Concept: Attract Leads And Customers. Capture Business Candidate With Magnet
Culture

Can America Really ‘Return to the Office’? And, Even if We Could, Should We?

Someone asked me recently if I exercised regularly — which I do — but it turned out to be a way of proselytizing for running as an exercise. “The only thing about me that runs is my nose,” I replied. I don’t suppose that this is what is meant by a running gag, but it worked — he moved on to someone else for a runnin[...]

Reopening and back to office after covid-19 concept. Human resources worker helps employee with return to office workspace.
Business Insights

Cultivating a Values-Driven Culture: How Neuro-Inclusion Enhances Business Success

In today's fiercely competitive business landscape, success is often measured by financial metrics, market share and innovation. These are necessary, for sure, but I’d like to dive into something that carries a little more weight, in my opinion. I’m talking about values. Specifically how including neuro-inclusion into your [...]

Employee engagement, commitment or motivation to success with company, staff dedication or job satisfaction, productivity or employee recognition, business people employee with stars and happy reward.
Industry Trends

Addressing Generational Differences in the Workplace: The Power of Flexibility in Modern Business Culture

Your company name is just a label. Unless it’s backed by a widely recognized reputation, jobseekers won’t care what it is. What people do care about is that you listen to them and understand that the key to their overall wellbeing is, in many cases, flexibility. They want to work for an employer who lets them choose what works [...]

Career concept about Generational Differences in the Workplace with phrase on the page.
Featured Articles

5 Proven Strategies for Supporting Employee Mental Health in the Workplace

May marks Mental Health Awareness Month and employee well-being is a hot topic right now, especially in a post-pandemic environment where many employees are feeling burned out, stressed and lonely, which is impacting their mental health. More than half of American workers say they experienced burnout in 2023, and three-quarters of r[...]

Mental Health in the workplace concept: Man typing on his computer with a messy desk and the words "MENTAL HEALTH" displayed next to a puzzle depicting a human head.
Business Insights

How to Position Your Business for Sale: 6 Preemptive Exit Planning Strategies You Can Implement Today

One strategic imperative transcends the immediate plans for scaling a business: positioning the business to sell. Importantly, this goes beyond the misconception that exit planning is solely about exiting or selling the business. But here's the truth: Exit planning isn't solely reserved for those at the brink of departure. Even for[...]

Businessman drawing Exit Strategy concept on blurred abstract background.
Women in Biz

GenXYZ Nominees Thrive: Jennifer Chang (2010) — Where is She Now?

Everyone was right when they predicted bright futures for these executives, entrepreneurs and nonprofit leaders. Ten-plus years after ColoradoBiz profiled these Top Young Professionals of Colorado, we revisited several to see where their career paths led them and what they are doing now. Some are with the same companies; others h[...]

Jennifer Chang Headshot
Industry Trends

Colorado Among Six States Aiming to Regulate AI

Artificial intelligence is helping decide which Americans get the job interview, the apartment, even medical care, but the first major proposals to reign in bias in AI decision-making are facing headwinds from every direction. Lawmakers working on these bills, in states including Colorado, Connecticut and Texas, came together Thur[...]

OpenAI's ChatGPT app is displayed on an iPhone in New York recently. With companies deploying artificial intelligence to every corner of society, state lawmakers are playing catch-up with the first major proposals to reign in AI's penchant for discrimination — but those bills face headwinds from every direction. (AP File Photo/Richard Drew)
Business Insights

Future-Proof Your Company: 5 Key Strategies for Business Success in 2024

The world and the economy never stop evolving, and in 2024, customers expect more than just great products. Recent studies show that over 70% of consumers want to buy from companies that align with their values, especially in health, sustainability and digital innovation. This shows us the importance of understanding what people [...]

Businessman analyzes profitability of working companies with digital augmented reality graphics, positive indicators in 2024, businessman calculates financial data for long-term investments.
Companies

Family Owned Companies: O’Meara Motors

For this issue’s Family-Owned Companies feature – an annual ColoradoBiz staple we’re focusing on family businesses that are at least 50 years old, a fact that, by itself, makes them exceptional: According to a study by the Cornell SC Johnson College of Business, the average lifespan of a family-owned business is 24 years. Th[...]

O'Meara Moters 1941 group photo: a group of men posing for a picture in front of a sign that reads "Ford Service." Black and white.
Business Insights

Defining ‘Sustainability’ in Modern Business — is it Even Possible?

One word, more than any other, has come into the business and economics lexicon in the last several decades — sustainable. Merriam-Webster defines sustainable as maintained at length without interruption or weakening. In the world of economics, sustainability offers a minimal condition we aspire to as we seek to, at the very least[...]

Showing financial developments and business growth with a growing tree on a coin.
Business Insights

Striking Tech Gold in The Rockies: Fueling Innovation and Talent in Denver and Beyond

Every 72 hours a new tech company stakes its claim and opens its doors in Colorado. This impressive statistic signifies more than a booming economy, it demonstrates that Colorado must be offering something more than a thriving job market. What is the allure of the Centennial State to tech giants and ambitious startups? Over the la[...]

Human Resources

Building a Strong Foundation for Your Business: 6 Essential Values You Should Embrace

In today's fiercely competitive business landscape, success is often measured by financial metrics, market share and innovation. These are necessary, for sure, but I’d like to dive into something that carries a little more weight, in my opinion. I’m talking about values. What are your company's values? Values often determin[...]

business team work building a puzzle isolated over a white background.
Business Insights

Why Robot Can’t Sell: 6 Reasons AI Isn’t Ready to Replace Your Product Writer

Imagine this: You're browsing for a new pair of running shoes. You come across a product description that reads: "Experience optimal comfort and performance with our revolutionary running shoes! These shoes have premium materials and will propel you to new heights. Order yours today!" Something feels off. Why? It's generic, lacks [...]

Community News

Former FirstBank CEO Announces His Retirement From the Bank After 37 Year Tenure

FirstBank, one of the largest privately held banks in the nation with a focus on “banking for good”, announced Jim Reuter is retiring from FirstBank after seven years as Chief Executive Officer (CEO) and 37 years with the organization. The board elected President, Kevin Classen, as the new CEO, and Chief Digital Officer [...]