As the construction industry prepares for the effects of Present-elect Donald Trump’s economic policies—such as tariffs on imported materials, reduced tax rates and deregulation—credit managers face both opportunities and risks. While these measures could stimulate industry growth, they also have the potential to drive inflation, increase interest rates and escalate government debt.

Retirement is one of the most significant decisions in a professional’s life, and for credit managers, it comes with its own set of unique challenges. The transition from an active career to retirement requires careful planning and thoughtful consideration of numerous factors—from financial stability to passing the torch to the next generation of leadership.

With a weary economy, political anxieties and inflation abound, it is no surprise that 2024 saw fewer people voluntarily leaving their jobs. According to the Bureau of Labor Statistics, the quitting rate dropped to a low 2.2%, with many Americans opting to stay in their current positions. The trend, dubbed the Great Stay, comes only two years after the peak of the Great Resignation, when a whopping four million people were quitting each month. 

Anyone can benefit greatly from joining an association, yet 56% of associations admit they have trouble engaging young professionals, according to Naylor’s Association Communications Benchmarking Survey. However, many factors that millennials and Gen Z value most—such as networking, collaboration and educational opportunities—are abundantly available through associations.

NACM’s six-level Professional Certification Program is nothing short of a stepping stone for success. Each designation is designed to help credit professionals of all levels expand their understanding of credit management. 

NACM’s Professional Certification Program allows designation seekers to hone their credit management skills and immerse themselves in the industry, whether they’re new to the field or looking to brush up on credit knowledge.  

Turkey’s economic growth slowed in the third quarter from weakened demand, high interest rates, inflation and tighter government policies.

NACM’s Credit Managers’ Index (CMI) hit a 26-month high in November, jumping 2.4 points to 55.3. “The strength in the index comes primarily from improved sales revenue, but dollars collected on due and past-due invoices also improved markedly as did the dollar amount of credit extended,” said NACM Economist Amy Crews Cutts, Ph.D., CBE.

From handling customer disputes to managing cases of bankruptcy, credit professionals are often faced with high-stress situations. However, prolonged stress can lead to burnout, particularly during year-end when workloads intensify.