November/December 2022

President's Message

Diversity & Inclusion Group (DIG) Update

Karen Lemke
President
Lemke Leadership
http://lemkeleadership.com/

Our fall breakfast event on Thursday, 11/3, featuring Karen Lemke was a great success! Karen spoke about the topic of positive intelligence and how to build mental fitness by recognizing our personal saboteurs and focusing on sage perspectives that will generate our highest success and sustained happiness.

Karen's presentation slides can be viewed by clicking here.

Notes on Atomic Habits. By James Clear | by Aidan Hornsby | Medium

Our DIG Virtual Book Club Series is still planned for spring 2023. We will read and discuss Atomic Habits by James Clear.

Click here to check out purchase options (hardcover, paperback, audiobook, etc.)

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
Time: 2:00 - 4:30 PM
Location: Virtual - Zoom
CPE: This meeting is eligible for 3 CPE credits to those that attend the entire virtual meeting and answer all 9 polling questions.
Registration: Click here to register!

The Winter Peer Group Meeting will also be held virtually via Zoom on Thursday, March 23, 2023 from 2:00 - 4:30 PM. Click here to register early!

Membership Update

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

34,576 Update Stock Photos, Pictures & Royalty-Free Images - iStock Our 2022-2023 Program Schedules have been updated over the past several weeks. Please access the revised documents by clicking on the links below:

2022-2023 General Program Schedule
2022-2023 Virtual Professional Development Program Schedule

As additional updates occur, these documents will be posted to our news page, and also linked to the chapter's page on the FEI National Website.

Special Features

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 (joseph.topp@francisinvco.com).

Gallagher

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:

Identity and Access Management: Protecting Privileged Accounts | Gallagher USA (ajg.com) - Reigning in access across the organization. Locking the doors and giving IT the keys.

Understanding Endpoint Detection and Response (EDR) | Gallagher USA (ajg.com) - A down to earth explanation of why your IT team has been talking about Endpoint Detection
Helping Employees Protect Themselves from Cyber Attacks | Gallagher USA (ajg.com) - Suggests providing personal digital protection to employees as an employee benefit as a means of protecting the organization

Impact Networking

Employee Growth and Development Ideas for “The Great Reshuffle”
September 14, 2022 Blog Post

The business world is undergoing a transition, which has prompted business leaders to invest more in employee growth and development ideas. Although many refer to this change as “The Great Resignation,” a more fitting name has emerged: “The Great Reshuffle.”

New York Times best-selling author and speaker Daniel Pink, and Ashley Carnes, Chief Strategy Officer at Impact, spoke about the Great Reshuffle and what business leaders can do to support employees through this period and solidify their company culture.

Their talks, which were part of the Impact Optimize business summit, illuminated how companies can flourish during this transition.

What is “The Great Reshuffle”?
Many workers left their jobs in the last couple of years. However, more than half are transitioning to new careers, suggesting that the priorities of the American workforce have changed in the last few years.

Click here to read the entire blog post.

Robert Half

The 2023 Salary Guide: Employers’ Needs in a Still-Competitive Job Market
Article By: Jim Jeffers, Robert Half Midwest Regional Director

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.

Click here to read the entire article.

von Briesen

Should LLC Members Opt-in, Opt-out, or Do Nothing with Respect to the New LLC Statute?

Nov 01 2022
Posted By: Joseph A. Camilli
Practice Area: Business and Corporate Law & Start-up and Next Level Business Planning

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.

Click here to read the entire article

Wipfli

How to grow your manufacturing operations with intelligence
By Kate Brown

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
Data is one of the most underutilized assets in the manufacturing industry. Most manufacturers are awash in data — even shops that haven’t fully embraced Industry 4.0 capabilities. Yet it’s still a struggle for many manufacturers to access and make the best use of this information.

Click here to read the full article.

Employee Growth and Development Ideas for “The Great Reshuffle”September 14, 2022 Blog Post

What is “The Great Reshuffle”?Many workers left their jobs in the last couple of years. However, more than half are transitioning to new careers, suggesting that the priorities of the American workforce have changed in the last few years.

Should LLC Members Opt-in, Opt-out, or Do Nothing with Respect to the New LLC Statute?

Employee Growth and Development Ideas for “The Great Reshuffle”
September 14, 2022 Blog Post

What is “The Great Reshuffle”?
Many workers left their jobs in the last couple of years. However, more than half are transitioning to new careers, suggesting that the priorities of the American workforce have changed in the last few years.