"If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter.”
- George Washington
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“Companies in virtually every industry are now under significant pressure to adapt to a new business environment and sweeping workforce changes,” said Adrienne Altman, managing director, North America, Talent and Rewards, WTW. “And there’s no greater challenge right now than hiring and retaining workers. Unfortunately, organizations do not expect the situation to improve this year, especially for critical-skill roles.”
The following five areas were identified as driving workplace changes over the past three years:
- Emphasis on diversity, equity, and inclusion (78%)
- How employees work, including increased flexibility (74%)
- Changes in technology strategy (66%)
- Importance of organizational agility (56%)
- Changes in leader and manager competencies (45%)
Additionally, employers anticipate investing resources into the five action items below:
- Identify new sources of talent for work based on more flexible approaches to where, when, and how work gets done
- Redesign jobs considering new skills, work value, and changing employee preferences
- Reset total rewards philosophy and strategy for the new hybrid work environment by making trade-offs between design and cost optimization
- Drive environmental, social, and governance (ESG) and (DEI) goals through total rewards
- Set an overarching career enablement strategy and define career alternatives
“Whether you view it as the Great Resignation, Reshuffle, or Reprioritization, organizations can take tangible actions to win the talent race. These include identifying new sources of talent, optimizing job design, resetting their total rewards strategy, and delivering a more robust career experience for employees,” said Catherine Hartmann, managing director, Work and Rewards, WTW.
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Can I get that value meal with Bitcoin? |
7-Things to know about accepting digital currency |
With more consumers looking to use cryptocurrencies to purchase goods and services, particularly over the internet, leaders across industries are increasingly asking if now is the right time for their businesses to start accepting digital currencies. And while the answer is unique for each business — with leaders having to weigh whether accepting them would be beneficial to grow revenues against the risks of being an early adopter — here are a few key points to consider.
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Corporate & Income Tax Relief headed to State House |
The Michigan Senate passed Senate Bill 768 to roll back the corporate income tax rate (CIT) and personal income tax rate to 3.9%, as well as provide taxpayers a $500 child tax credit for qualified dependents. The vote comes after the Michigan Chamber of Commerce submitted written testimony earlier this year to the Senate Finance Committee supporting the proposal but urging smart budgeting decisions and fiscal responsibility so the Legislature can continue the promised tax relief in the short- and long-term.
“With the unexpected influx of state funds created by the COVID-19 pandemic
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Tax Tips: Reimburse employees for expenses |
There are two types of plans--accountable and nonaccountable--and the terms are pretty descriptive. If your employee reports the expenses to you using an expense report (or something similar) and provides receipts or other documentation, the plan is an accountable one. Reimbursed amounts are not income to the employee and are deductible by your business. Deduct the expenses in the category that generated them. That is, deduct travel in the category on the business return, travel in the travel category, etc. If your employee doesn't account to you the amount reimbursed should be included on his or her W-2 as income. There are other rules related to the accountable plan. Ask your advisor!
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Member Promotions / Job Postings |
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Farmers Market Applications |
Monday's June thru end of October |
Our Farmers market is coming back this year, and the Chamber is a Signature Sponsor. It pays to be a member of the Chamber. You get up to a 20% discount if you are a chamber member for the full season or 4 week exhibit fee! Plus, advertising in this weekly newsletter and FB promotions! |
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Final week to get your orders in! |
We all love this time of year ... Paczki time. Get your order from the Rotary this year, fill yourself up in the various flavors, and help them raise some money for their club. Talk about a win, win !
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Fair & Secure Elections
Nothing but the Facts
March 2nd - 7pm
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This program will be a hybrid virtual/in-person program. In person attendees are required to wear a mask. The program will also be presented via zoom. Registration is not required to attend in person, but registration with an email address is necessary to watch via Zoom. Call the library to register and to receive your ZOOM Link |
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Why pay fees for your event, when we can register and collect the payments for you? |
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Electronic Registration and Payments for Members |
Premium and Nonprofit Members:
Take advantage of your membership by utilizing the Chambers Event Registration and Payment system! Take payments online, sell tickets, raise funds ... Some registration companies charge as much as 7% of the ticket prices, we only ask the cost of the credit card or E-Check (3%). So, for your next event use our system! Contact us for more info. |
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Thanks to our Corporate Members |
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248 Main Street - Belleville, MI 48111
(734) 697-7151
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