Li fe is fo r takin gc ha nces

from Prairie Business January 2022

Q.INSIGHTs & INTUITION

Setting goals is extremely vital to the success of any organization. At ReadiTech IT Solutions, we evaluate the success of the previous year’s goals, and use that as a baseline for the upcoming year. Measurement of our success can be in many aspects, such as profitability, customer satisfaction, employee morale, vendor relationships, and customer retention. We review areas that were successful and build on those foundations.

We also investigate our spaces that were not as successful and create new paths to be successful. In the information technology industry, we study historical trends, review with our clients the current standards, and collaborate with our vendors to predict future requirements.

At ReadiTech IT Solutions, one major goal that we have set for 2022 pertains to cyber security. It is our goal to properly educate and train all our clients, present and future, on the topic of cyber security, and how we can work together to successfully navigate cyber crime. We have set a goal to implement continuous training with our clients on cyber security. Together, we can arm our clients with education and weapons to properly defend against the cyber terrorists.

Justin Farkas Regional Manager ReadiTech IT Solutions Fargo, N.D.

Ryan Hoffman Vice President, Managing Director of Fargo Operations Marsh McLennan Agency Fargo, N.D.

Each department within our organization engages in strategic planning with a focus on improved client services, efficiency, growth and employee development. Like any other business, we seek to make financial progress and build a budget to support that growth. We build our goals on a variety of factors; historical performance, economic influence and a study of our pipeline of future partnerships. While we don’t have a crystal ball, our finance team does an amazing job forecasting us to a great position every year. While we have garnered learnings through the pandemic that we will carry with us into the future, our goal for 2022 is simply getting our teams back together. While we have found new opportunities for virtual collaboration around the world, there is no substitute for experiential learning and relationship development that takes place in an in-person environment.

Unemployment Situation

Total nonfarm payroll employment rose by 210,000 in November, and the unemployment rate fell by a 0.4 percentage point to 4.2%, according to recent data from the U.S. Bureau of Labor Statistics. Notable job gains occurred in professional and business services, transportation and warehousing, construction, and manufacturing. Employment in retail trade declined over the month.

Employment Change

The year 2021’s monthly job growth through November averaged 555,000. Nonfarm employment increased by 18.5 million since April 2020 but was down by 3.9 million, or 2.6%, from its pre-pandemic level in February 2020.

Domestic Flights

The COVID-19 pandemic continued to result in significant changes to airline schedules and operations. In the latest numbers released by the U.S. Bureau of Transportation Statistics on Dec. 10, the 560,140 flights operated in September 2021 were 86.2% of the 649,667 flights operated in pre-pandemic September 2019. The 4,559,567 flights operated during the first nine months of 2021 were 76% of the 5,928,968 flights operated in pre-pandemic January to September 2019. Operated flights were up 63.4% year-over-year from the 342,771 flights operated in September 2020 and down 5.5% month-over-month from the 592,760 flights operated in August 2021.

Freight Shipments

Source: U.S. Bureau of Transportation Statistics

The Freight Transportation Services Index, which is based on the amount of freight carried by the for-hire transportation industry, rose 0.5% in October to 135.7 from September, according to the latest data by the U.S. Department of Transportation’s Bureau of Transportation Statistics. This is the second consecutive month-over-month increase. From October 2020 to October 2021, the index rose 1.9% compared to a decline of 3.6% from October 2019 to October 2020 and a decline of 0.7% from October 2018 to October 2019.