SUCCESS IN FOCUS ProValue, LLC
February 23, 2009 |
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| Greetings! |
I have had the opportunity to work with many companies on their strategic plans during the past few months. While each company has different issues and ideas, there are some common themes that I hear repeatedly. Two of those common themes are covered in this newsletter, risk management and employee issues. Risk management has many different aspects but one aspect is business continuity. What would your company do if it experienced a catastrophic event? How would your company operate? There are a multitude of questions that need answers. See the information on KFSA's Business Continuity Conference. Employee issues especially the ability to retain and attract high quality employees continues to be a significant issue for companies. Developing sound human resource strategies that fit your company's goals are very important. Check out the information below and if your company needs assistance in developing strategies, give our team a call. Thank you for your continued support and business. SCOTT DEWEESE
President |
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| 2009 COST OF LIVING ADJUSTMENTS |
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2009 Employee Benefits Cost of Living Adjustments In October 2008, the IRS announced the cost-of-living adjustments for 2009, effective January 1. 401(k) changes:
A. Maximum elective deferral changed from $ 15.500 in 2008 to $ 16,500 in 2009* B. Maximum catch-up contribution (age 50 & older) changed from $ 5,000 in 2008 to $ 5,500 in 2009*
* www.shrm.org The definition of a "highly compensated employee" has been altered to reflect the following: A. 5% owner of the business in the current or preceding year*
B. Earning over $ 110,000 in the preceding year (up from $ 105,000 in 2008)*
*www.deweyleboeuf.com Changes to health savings accounts (HAS's) are as follows: High Deductible Plan Minimum Deductible* o Single Coverage $ 1,150 o Family Coverage $2,300 High Deductible Plan Max Out-of-Pocket (in-network care)* o Single Coverage $ 5,800 o Family Coverage $ 11,600 Contribution Maximum (excluding any special "catch-up" rules)* o Single Coverage $ 3,000 o Family Coverage $ 5,950 Catch-Up Contributions (age 55+) are $ 1,000 (up from $ 900 in 2008)* *www.wachovia.com For more information on any of these changes, please contact ProValue, LLC. |
| LILLY LEDBETTER ACT SIGNED BY PRESIDENT OBAMA |
 On January 29th President Obama signed his first piece of legislation, the Lilly Ledbetter Fair Pay Act, named after an employee of Goodyear Tires who was paid less than her male co-workers for almost 20 years. While many of you may be aware of this news, you may not be aware of how this could impact your business. This act will increase the amount of time an employee has to file a discrimination complaint, and defines each paycheck as a separate act of discrimination. For example, let's say an employee was hired 15 years ago, and their pay remained lower than their counterparts all the way up to the paycheck they received last week. Under the old interpretation, the employee only had 180 days (or 300 in some states) from the date of the first paycheck to file a suit against the employer. Under the new law, each time the employee gets paid counts as an act of discrimination, and now the deadline to file a claim is based on the date of the most recent claim of discriminatory pay. The new law is also retroactive and takes effect for all claims pending on or after May 28, 2007, but caps damages at $300,000 and limits back pay to two years' worth. Now is the time to protect your company from a discriminatory pay suit by taking a look at your pay structure and evaluating job descriptions. If you have 2 employees with identical job descriptions and different pay levels, do you have documentation necessary to prove it is not discrimination? For further questions or help conducting a pay scale evaluation please contact ProValue at 800-362-2104. You can read the full text of the Lilly Ledbetter Act at http://www.whitehouse.gov/briefing_room/LillyLedbetterFairPayActPublicReview/ |
| KFSA SEMINAR FEBRUARY 25-26 |
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KFSA is excited to offer you a two day seminar on Workers Compensation & Business Continuity Planning.
General Managers, Operation Managers, Human Resources staff, Safety Directors and anyone who handles compensation claims or administration is invited to attend this workshop that will cover how to effectively manage workers compensation and the importance of developing a business contingency and continuity plan. There is no charge for KFSA customers to attend this meeting.
DAY 1: February 25, 2009
WORKERS COMPENSATION
11:00 - 11:30 Registration
11:30 Lunch
12:30 Opening Comments
12:45 Workers Compensation Mod (NCCI)
1:30 Preparing for a Workers Compensation Audit (KFSA)
2:15 Return to Work (Nationwide Agribusiness)
3:00 Break
3:15 What Gets Measured Gets Done (ProValue)
4:00 Workers Comp Fraud / Your Rights (Jeff King)
4:45 Developing an Effective Program (KFSA)
5:30 - 6:30 Reception
DAY 2: February 26, 2009
BUSINESS CONTINUITY AND CONTINGENCY
7:30 - 8:15 Coffee and Donuts
8:15 Overview of Business Continuity (KFSA)
8:30 After the Disaster (Triangle Insurance)
9:30 IT Concerns
10:15 Break
10:30 Kansas National Guard
11:30 Getting Started and Tools You Can Use (KFSA)
12:00 Adjourn
Grand Prairie Hotel & Convention Center
1400 N Lorraine St
Hutchinson, KS
800-362-5018
KFSA has reserved a block of hotel rooms for Tuesday night, group rate is $67 per night plus tax. Please make your reservations by Wednesday, February 11th to receive this special rate.
For more information or to receive a registration form please contact Amy Fairchild at (620) 802-0735 or afairchild@kfsa.com. |
| EMPLOYEE FREE CHOICE ACT |
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EMPLOYEE FREE CHOICE ACT
What does it really mean?
The Employee Free Choice Act (EFCA) -also known as the "Card Check bill" - was initially introduced in 2007 by the House of Representatives. While successful in the House, the bill "died" in the Senate. (www.shrm.org) This bill (HR 800) has been resurrected and is again on the agenda for 2009. This piece of legislation has been touted as "...one of the most dramatic changes in U.S. labor law in nearly 75 years..."(www.shrm.org). But what does this bill really mean? The EFCA would amend the current National Labor Relations Act (NLRA) to allow employees an easier way to form and/or join a union. Currently, employees can join a union one of two ways. 1. Election - Secret Ballot After at least 30% of employees in a certain area sign a petition in support of a union, the NLRB will administer an election via secret ballot among employees. If the unionization passes by majority vote it will become the bargaining rep for the employees. (www.shrm.org) 2. Authorization Cards Also known as "Card Checks", a union proponent will distribute an official authorization card and ask them to support the union initiative by signing the card. If the majority of the employees sign, the union immediately becomes the bargaining representative for the employees (provided the NLRB certifies the card as valid). (www.shrm.org) Of these two ways, the secret ballot election is the most common. If this bill is passed, it would ultimately replace the secret ballot election. Opponents to the bill contend that by moving to the "Card Check" system everyone, from co-workers to employers, to union organizers will know how employees voted - leaving the employee vulnerable to discrimination and retaliation. (www.wikipedia.com) Proponents argue that this bill will protect worker's rights to join unions as nearly one quarter of employers who are facing an unwelcomed unionization have been found to terminate at least one worker in support of it. (www.aflcio.com) In addition to modifying the method of election, it would guarantee workers a contract when they form a new union and stiffen the penalties against employers that break the law during campaign organizations. Companies found to violate employees rights during an organization campaign would face a $ 20,000 fine. If an employee is terminated or discriminated against during the organization, the company is required to pay three times the employees back pay With President Obama as a supporter of this bill, be prepared for changes in the future.
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| REGIONAL TRAINING |
Please join us in Enid, OK on Wednesday, February 25th for ProValue LLC Regional Training. We will be discussing 2 topics that are essential to every company.
Communicating in the Workplace - Amanda Worthington
The morning session will provide participants with strategies on how to effectively communicate with co-workers and employees...not only in person, but via e-mail as well. Topics covered will include:
· Basic Communication Skills · Business E-mail Etiquette · Listening Skills
Customer Service - Jim Warner
This interactive afternoon session will show you how to create customer loyalty with existing customers and how to attract and retain new ones. Topics covered will include: · 4 Key Principles of Customer Service · Telephone Etiquette · How to Handle Dissatisfied Customers
Training will be located at:
THE TRIANGLE COMPANIES
2821 N VanBuren
Cost is $149 per employee, please RSVP by Wednesday, February 18th. First session begins at 8:30am and will conclude around 4pm.
You can register on our website by clicking here or call Makayla at (620) 802-0723. |
| CHECK OUT THESE JOB OPPORTUNITIES |
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Would you like to post a job opening in this section? Click here for more information about online recruiting services from ProValue. |
| VISIT US ONLINE! |
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Have you visited our website? Read about new General Managers, check out job openings, and get free HR forms under the Human Resources tab.
Information provided in this newsletter contains opinions and interpretations of ProValue staff members. The items contained herein are provided for general information purposes only and should not be used as a substitute for professional consultation. ProValue, LLC is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference or reliance on such information. If you have questions regarding any information contained in this newsletter, please contact us. | |
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