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News from the Construction Suppliers Association

March 28, 2018

How to Become a Talent Magnet

By Jim Moody, CAE
CSA President

Jim Moody

As I was walking through the airport last weekend, an ad for a book caught my eye because the topic is one at the forefront of my mind these days.

You might recall that one of our strategic initiatives for the past couple of years has been to help members with “the people issue.” We know that finding and keeping talent is tough right now, perhaps tougher than it’s ever been. We also know that staying on top of the laws and regulations regarding human resources can be more than a bit challenging.

For a year now, we’ve had Yeva Ducas on staff as CSA's HR specialist to help you (at no charge!) with a variety of issues. We’ve also started HR roundtables, and Yeva has created lots of HR resources for the members-only area of our website.

The book I spotted, however, focused on a facet of HR that we haven’t talked a lot about: How do we attract top-level talent into our companies?  READ MORE


Opportunities After the New 'Tax Cuts and Jobs Act'

Federated LogoThe “Tax Cuts and Jobs Act,” which was passed by Congress in Dec. 2017, made significant changes to individual, business and estate taxes, and became effective as of Jan. 1, 2018.  While the business related provisions are considered permanent, the individual and estate tax provisions only remain in effect until Dec. 31, 2025, when they are subject to a “sunset” and will revert back to 2017 law.

These changes bring a wide range of both questions and opportunities for business owners. 

  • “Is my business is better off being a pass through entity (like an S corp or LLC) or a C corp?” 
  • “Do the potential tax savings to my business this year support an increase in wages for my employees?” 
  • “Are there increased opportunities for implementing employee retention strategies (like a Private Bonus or Split Dollar plan)?” 

Talk to your attorney and/or CPA for information about how the Tax Act might impact you and your business based on your individual situation.

Click below for a few of the major changes that could inpact your individual taxes, estate taxes and business taxes.

READ MORE


4 Ways to Lower Your Rate When Processing Credit Cards

BASYS logoAlthough there are many things that separate one credit-card processor from another, pricing is a huge factor that has an immediate impact on you, the merchant.  With over 1200 separate interchange rates, however, the age-old question of “What rate do you offer?” requires a much more detailed response. 

Several factors affect the actual cost of accepting payment with a credit card – industry, customer card type, processing method, settlement time, etc.  Many variables impact what your customer’s card actually costs you.  So, how do you lower your rate when processing credit cards?

READ MORE


2018 Georgia Legislative Session -- Update 5

By Katie Base Roberts
Director of Governmental Affairs
Fiveash Stanley, Inc.

katie roberts

With the 2018 session of the General Assembly nearing an end, activity under the Gold Dome is busier than ever.  There is no rest between now and the end of the session, with lawmakers and lobbyists making a final push to finish their work. 

As is always the case this time of year, bills were hi-jacked, gutted and loaded with new language to resurrect otherwise lifeless legislation before the clock runs out.  A significant portion of legislative policy happens in this manner.  Because of this, things change rapidly during these final days and the status of all legislation may change abruptly.  Tomorrow’s sine die looms large, as it is the final legislative day remaining.

Here's a recap of the issues we're watching:

READ MORE


14 Ways to Approach Conflict and Difficult Conversations at Work

By Forbes' Coaching Council
Forbes Magazine

Having uncomfortable conversations at work is never easy, whether it’s with subordinates or co-workers. This is especially true for people who are afraid of conflict and would do anything possible to avoid it.

However, avoiding difficult conversations can actually lead to dysfunction and lack of performance, which can ultimately have a negative impact on a team and the business as a whole. It is estimated that workplace conflict affects not only morale and productivity, but also turnover. A major study found that employees spend an average 2.8 hours a week dealing with conflict, which amounts to roughly $359 billion in workforce costs.

Instead of avoiding difficult conversations, find the courage to start confronting people in a constructive way, with skill and empathy. Below, 14 coaching experts with Forbes Coaches Council offer valuable advice on how to overcome fear of conflict and successfully approach uncomfortable conversations.  READ MORE


How to Run Effective Meetings -- Suffering is Optional

By Shari Harley, Founder & President
Candid Culture

Running effective meetings is hard. It takes courage. Who wants to tell their boss, peers, and customers to put away their phones, stop side talking, and laser their communication? No one. But if you don't manage "bad"meeting behavior, you look bad and you won't get the results you want.

Possibly even more frustrating than running a meeting in which participants break all the "rules," is participating in inefficient meetings when you aren't the facilitator. It's difficult to sit through a poorly run meeting feeling there isn't anything you can do to make it better.

Luckily, there are things you can do to improve the meetings you don't run. None of my suggestions will be comfortable. But think of all the time you'll save.

READ MORE


2018 CSA Annual Meeting Graphic


 

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