bacc2work - May 16th Edition

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news & updates

May 16, 2022

"We are fast approaching the stage of the ultimate inversion: the stage where the government is free to do anything it pleases, while the citizens may act only by permission"

Ayn Rand

Featured Event

Annual Economic Outlook

This is next Monday!

May 23rd, 11-12:30

Open to community!

Hear from 2 powerful speakers and market experts, and learn how to plan for inflation and see what legislation might be coming. Our speakers are:

Leah Robinson, Director of Tax Policy and Legislative Affairs for the Michigan Chamber of Commerce

Josh Yafa, Vice President and Portfolio Advisor for Wellington Management

This is sponsored by the BACC and Edward Jones - Alicia McGovern.

Agenda:

10:30 - 11:00 Registration

11:00 - 12:00 Speakers

12:00 - 12:30 Q&A, Networking

Registration is free, you need you to register ASAP - we will run out of spaces!

Now is the best time to hear what the experts say! This is a perfectly timed event!

Free Registration

Members and guests of members, our Annual Member Appreciation night is being planned. Registration will be open soon ...

Circle the date - July 26th 5pm - this is the night we celebrate YOU!

Expanded menu of gourmet appetizers, open bar, light music, great view of the lake, and of course networking. (Only $10 per person)

National policies & practices survey results published

ASE recently published the results to its biennial Policies and Practices Survey. Survey results are broken into six major categories and are based on three employer sizes in both the National and Michigan (a subset of the national report) editions. Nearly 100 Michigan employers participated in the 2022 edition, and 189 questions were answered regarding human resource policies and employment practices.

The majority of respondents, 78.6%, have an employment size of 499 employees or less. Most fall into the combined services sector (42.9%), followed closely by the manufacturing sector (45.9%). One-fifth (20.4%) report having union employees, and about 38% of respondents have a revenue size of under $25 million.

The survey covers a variety of topics in the area of sick/personal day plans, miscellaneous benefits, pay practices, working conditions, recruitment, training and development, and employee / community relations. Below are highlights from the 2022 Michigan survey.

Survey Highlights – Michigan:

In many instances, survey participants were able to provide actual data (e.g., average paid time off awarded, number of paid sick days, etc.). This provides a more accurate look at workplace policies.

Vacation continues to be more popular than utilizing a general Paid Time Off (PTO) plan, with the average professional, supervisory and management employee earning 9.7 days for the first year of service, 14.7 days at five years of service, and 17.9 days at ten years of service.
The average number of paid holidays given to employees each year (including floating holidays) continues to be about 10.
30% of employers pay for up to two pays per year for an employee to volunteer in the community.
The top three training opportunities offered are leadership, supervisory, and coaching.
Employers that offer tuition reimbursement most typically reimburse $5,000 or more for nonunion employees.
Three out of four employers have a formal compensation program, with the most popular method being market pricing.
For employers who provide cell phones, it’s most typical for the organization to pay the entire cost.

It’s imperative for employers to offer competitive benefits and policies as they struggle to find and retain employees. This data is crucial to knowing what other employers are offering in Michigan and Nationally.

Thanks to our Lake Fest Sponsors ... #shoplocal #supportlocal

The Lake Fest is a foundation for nonprofits, clubs, and service organizations to raise money! Last year over $20,000 was raised supporting over a dozen local charities.

These activities are all made possible by the generous donations of our Members. You should be proud that you are part of an association that brings family, fun, friendly activities to the community!

News | Advocacy | Information

Four Simple Ways Bosses Can Reduce Stress at Work

Here are four simple rules you can follow to reduce your stress and the stress of those who work for you and around you. These rules certainly aren’t exhaustive, but the basic principles behind them can be applied broadly to lots of situations at work.

Read Wall Street Journal Article FREE

Term limit proposal will be on the ballot!

Advocacy News – May 11, 2022

Over two-thirds of the members of the Michigan House and Senate voted Tuesday to place a constitutional amendment on the November ballot to alter the state’s term limits and to require financial disclosures from officeholders.

Be careful what you vote for. When over 2/3rds of the legislature approve something in so-called bipartisan fashion, it could mean more to them than it does the voter. Please do your research, there is more in this proposal than just term limits. Our chamber has not yet taken a formal position, please do your homework.

Legislation on the Move to Help Restaurants, Bars and Retailers with Staffing Issues

Advocacy News – May 11, 2022

As we approach Memorial Day weekend and the ramp up to summer, many restaurants and bars report their number one issue remains finding adequate staffing.

Lawmakers, looking for ways to help, may have found a limited solution to increase the pool of potential hires: lower the minimum age requirement to sell and serve alcohol in Michigan from 18 to 17.

SBAM Benefits

As a member of the BACC, qualifying small businesses are also given a PREMIUM Membership in SBAM which is a $295 value! This is the largest small business association in the country, with over 30,000 members in Michigan!

These are just some of the benefits. Feel free to contact our Strategic Partner Representative at the Small Business Association!

Sherry Bryan

Director of Strategic Partnerships & Certification

sherry.bryan@sbam.org

(517) 712-8343

Need help?

Nonprofits, service groups, clubs, organizations ... are you looking for help? Volunteers for an event? Growth Works may be able to help support you!

Phone: (734) 455-4095

Member Events | News | Activities!

You don't want to miss this ...

Yes, it is a featured event and yes it is also listed here ... You don't want to miss this annual event. With inflation higher than it has been since Carter was president, the market losing over 15% this year, this event is well worth your time! Find out how this can impact you, your business, your retirement, and more ...