Diversity & Inclusion Group (DIG) Update
Peer Group Update
FEI Members, our last peer group meeting of 2022 will be held virtually via Zoom on Thursday, December 15th from 2:00 - 4:30 PM. Set the agenda by submitting your recommended topics within your online registration. Meeting details are included below:
Date: Thursday, December 15, 2022
Based on our merger date of October 1, 2022, the Eastern Wisconsin Chapter is comprised of 215 members (Northeastern Wisconsin & Milwaukee Chapters combined).
While there's only 6 weeks left in 2022, ten (10) chapter events will be hosted between July and December. In addition, we have 12+ chapter events planned before fiscal year end on June 30, 2023. We've also welcomed two new members to the chapter since 7/1/22: Patrick Rentmeester and Christine Sanborn. We’d like to thank Sandy Friess (Wipfli) and Tim Kneeland (Gallagher) respectively for their member referrals.
As always, we appreciate each and every member of our chapter. My holiday wishes for you remain unchanged over the years: continued health, happiness, and prosperity. We look forward to seeing you in 2023!
2022- 2023 Program Schedule Updates
Our 2022-2023 Program Schedules have been updated over the past several weeks. Please access the revised documents by clicking on the links below:
Francis Investment Counsel
Plan Sponsor Insights: A Conversation with Marquette University
Are you keeping a watchful eye on your plan’s governance documents? What about the plan costs and cybersecurity? Hear first-hand how Marquette University navigates important decision-making as plan sponsor and works to improve plan governance process, monitor plan costs and audit the operational procedures. Click here to listen now.
Does your organization’s retirement plan get the attention it needs?
If discussing the market and your investment menu dominates your retirement plan committee’s time each quarter, you may be on the wrong path. Learn how a proactive, forward-thinking advisor maximizes the precious time your committee spends on this benefit. Contact Joseph Topp via phone (262-781-8950) or email (firstname.lastname@example.org).
Cyber crimes continue to plague businesses in Wisconsin and across the world. The Gallagher Cyber Team suggests training and process are some of the most effective tools in preventing these debilitating and very costly interruptions and losses. Consider these quick reads or share them with your IT team:
Employee Growth and Development Ideas for “The Great Reshuffle”
The 2023 Salary Guide: Employers’ Needs in a Still-Competitive Job Market
Strong competition for talent still defines today’s hiring market despite soaring inflation, rising interest rates and general chaos in global markets. Employers are also still dealing with the “Great Resignation,” which has evolved into more of a “Great Reshuffle,” as those who quit jobs are finding new careers rather than completely abandoning the labor force. And when they do, they’re pushing compensation expectations to new heights, according to the 2023 Salary Guide From Robert Half.
The guide also reports that employees have developed a variety of other ideas as to what they envision a job should entail. And the employment environment means they can afford to stick to their guns when approaching a company about a new position or pushing for changes in their current one. The following are some insights on key hiring and retention trends from the Salary Guide based on recent Robert Half workplace surveys along with what we’re hearing from our recruiting professionals throughout the United States.
Flexible work is now an expectation
The most prominent — and the most publicized — of these shifts is the move toward greater flexibility in when and where employees are allowed to work. Kick-started by the COVID-19 pandemic, the notion of flexible work, including fully remote, hybrid and nontraditional schedules, is now impossible to put back in Pandora’s box. More than half (54%) of U.S. workers say they would quit rather than return to the office full time.
Should LLC Members Opt-in, Opt-out, or Do Nothing with Respect to the New LLC Statute?
On April 15, 2022, Governor Tony Evers signed Act 258 into law (the “New LLC Law”), repealing and recreating Chapter 183 the Wisconsin Uniform Limited Liability Company Law, which governs limited liability companies (“LLC”). The New LLC Law’s provisions will apply to LLCs formed on or after January 1, 2023 (the “effective date”).
Existing LLCs have the option to opt-in to the New LLC Law prior to the effective date by filing a Statement of Applicability (Form 399/599) with the Wisconsin Department of Financial Institutions (the “WDFI”). By opting into the New LLC Law, the LLC members gain clarity about which statutory frame work applies to the LLC, and the simplicity of complying with only that one set of statutes.
How to grow your manufacturing operations with intelligence
Looking to create a growth strategy for your manufacturing business? Before you rev that engine, you need to understand what’s going on under the hood. Are your operations optimized to support your plan? Do you even know if you’re headed in the right direction? Or do you need to get a tune-up and a roadmap before you start your journey?
One of the fastest routes to success is to know thyself. That’s where data comes into play. The manufacturing industry is awash in data, but many struggle to unlock the full value of the information flowing through their shops.
Let data be your guide