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Reuters
Home Depot Inc agreed to pay at least $19.5 million to compensate U.S. consumers harmed by a 2014 data breach affecting more than 50 million cardholders.
The home improvement retailer will set up a $13 million fund to reimburse shoppers for out-of-pocket losses, and spend at least $6.5 million to fund 1-1/2 years of cardholder identity protection services.
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Business.com
The age of the customer and the subscription economy have arrived and bring with them a new set of challenges.
Companies are realizing that an increased focus on customer success is critical to not only growth, but potentially survival.
Customers typically have many options to choose from when selecting a service, and when it comes to subscription based services, switching costs are frequently minimal while brand loyalty is pretty much non-existent. Companies need to continuously demonstrate value from its solutions to retain customers.
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Construction Dive
Developers are reporting that permit processing turnaround time has almost doubled from four months in 2011 to seven months in 2015, according to the National Association of Home Builders and The Wall Street Journal. American Institute of Architects officials have reported the wait can take as long as 6 to 8 months — up from two to three — in some booming markets like California and Florida.
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ABC via For Construction Pros
The U.S. construction industry added 19,000 net new jobs in February according to an analysis of today's U.S. Bureau of Labor Statistics employment release by Associated Builders and Contractors. Year-over-year, the industry has added 253,000 net new jobs, an increase of 4 percent.
The nonresidential sector added only 2,800 net new jobs in February after adding 3,600 jobs in January (revised upward from 2,900). Nonresidential specialty trade contractors lost jobs for the second consecutive month, while residential specialty trade contractors added 13,800 net new jobs in February — more than the other four subsectors combined. The civil and heavy engineering category continued its tepid growth, adding just 700 net new jobs for the month.
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Procore Blog
One of the industries hit the hardest during the recession was construction – credit lines were tight, contractors were not getting business and a significant number of workers were laid off. Unable to find jobs in the construction field, the vast majority of these individuals went to other sectors to locate work.
The skilled labor shortage continues unabated.
Now that the economy has finally climbed out of the depths of the recession and construction firms have started to build in higher quantity, many companies are facing a major problem: The skilled laborers who left the industry are not coming back.
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The FieldLens Blog
Instagram for construction contractors? Isn't that the platform my teenager uses for what the kids call "selfies"?
Nope, not anymore. Instagram is quickly gaining on more widely known social media sites like Facebook, Twitter and LinkedIn, and many small businesses are starting to realize the platform's potential for marketing their companies. If you're a contractor not using this free resource to market your business, then here are some simple tips for getting started.
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Construction Dive
Anyone in the construction game knows that obtaining business insurance and being able to provide proof of that coverage to an owner, general contractor or even another subcontractor is crucial to starting work. Contracts and state laws make it impossible to function without some level of protection for employees, employers and the public at large.
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