Did I ever tell you the story

 

About trying to renew

 

 

My NJ plumbing license seal

 

 

 

It was old and needed to be

 

 

Replaced.

 

 

 

Do you have about an hour?

 

 

 

It is wayyyy tooooooo long of a story

 

 

 

Without going into details

 

 

Let me just say

 

 

After many phone calls

 

 

 

 

It only took the State a year

 

 

To mail out my new

 

 

Plumbing seal

 

 

 

 

 

 

Now the State is treading on sacred ground

 

 

 

 

Each year in late July or early August

 

The State of New Jersey

 

Mails out the

 

 

 

New Jersey Employer Contribution Reports

 

 

 

To all New Jersey Employers

 

 

 

 

This form shows you how the State

 

 

Calculates your new

 

 

Unemployment Tax rate

 

 

For the next 12 months.

 

 

 

 

You have to stay with me here…..

 

 

 

 

The form shows how much

 

Your Company has paid

 

Into the unemployment fund

 

Since inception

 

 

 

It also shows the total amount of

 

Unemployment claim dollars

 

The Company has paid out

 

Since inception

 

 

 

 

Confused yet?

 

 

 

Keep reading

 

 

 

 

The bottom line

 

Shows your reserve balance

 

 

Or

 

 

How much money is left

 

 

In your account

 

To pay

 

 

Future claims

 

 

 

 

Alright….. take a breath

 

 

 

 

 

To determine your new rate

 

 

 

The State looks at your

 

Reserve balance

 

 

 

 

The State also looks at your

 

 

 

3 year taxable wage base

 

 

And your

 

 

 

5 year taxable wage base

 

 

 

 

 

 

Guess which Taxable Wage Base

 

 

The State picks?

 

 

 

 

 

If you said the higher number…..

 

 

 

 

You would be correct.

 

 

 

 

Well….

 

 

 

Guess what?

 

 

 

 

 

New Jersey will not be mailing out the

 

 

New Jersey Employer Contribution Reports

 

 

 

Any longer

 

 

 

 

You will now have to go online…

 

 

 

 

Set up an account…

 

 

 

And look up the information…..

 

 

 

 

Yourself

 

 

 

 

Did I miss that memo?

 

 

 

 

Did you miss that memo?

 

 

 

 

 

 

I bet you did not know that

 

 

 

 

Unemployment is the 2nd highest

 

 

Employer mandated tax by the government

 

 

 

 

It is the only tax

 

That you are able to manage

 

 

 

 

You do have the ability to manage

 

 

What rate your company is assigned

 

 

 

 

And

 

 

 

What dollar amount will be

 

Paid into the account

 

For the next 12 months

 

 

 

 

 

 

 

Did you know

 

 

That the national average

 

 

For the overpayment of an

 

Unemployment claim is

 

 

 

Over 10%

 

 

 

 

That means the State may be paying

 

The wrong amount for an unemployment claim

 

 

 

And the money is

 

Coming out of your account

 

 

 

How do you even know your

 

Unemployment Rate

 

Is correct?

 

 

 

How do you know if your

 

 

Reserve balance

 

Is correct?

 

 

 

 

This is one of the services

 

HBS provides

 

 

 

 

We serve as a public advocate for

 

Our clients

 

 

 

 

We hold the state responsible

 

 

 

 

We verify the assigned rate

 

Is correct

 

 

 

 

We manage the payment of claims coming

 

Out of your account

 

 

 

 

Auditing each claim payment

 

 

Verifying it is the correct amount

 

 

 

 

For companies with over 100 employees

 

 

The cost savings to

 

 

 

Manage your unemployment account

 

 

Can be seen within the first year

 

 

 

 

With the unemployment fund depleted

 

 

Now more than ever

 

 

Companies should be taking steps to

 

 

Manage their unemployment accounts

 

 

 

 

 

 

To learn more contact george@hbsadvantage.com

 

 

Visit us on the web www.hutchinsonbusinesssolutions.com

WASHINGTON — The nation’s unemployment rate climbed to a four-year high of 5.7 percent in July as employers cut 51,000 jobs, dashing the hopes of an influx of young people looking for summer work.

Payroll cuts weren’t as deep as the 72,000 predicted by economists, however. And, job losses for both May and June were smaller than previously reported.

July’s reductions marked the seventh straight month where employers eliminated jobs. The economy has lost a total of 463,000 jobs so far this year.

The latest snapshot, released by the Labor Department on Friday, showed a lack of credit has stunted employers’ expansion plans and willingness to hire. Fallout from the housing slump and high energy prices also are weighing on employers.

The increase in the unemployment rate to 5.7 percent, from 5.5 percent in June, in part came as many young people streamed into the labor market looking for summer jobs. This year, fewer of them were able to find work, the government said. The unemployment rate for teenagers jumped to 20.3 percent, the highest since late 1992.

The economy is the top concern of voters and will figure prominently in their choices for president and other elected officials come November. The faltering labor market is a source of anxiety not only for those looking for work but also for those worried about keeping their jobs during uncertain times.

Job losses in July were the heaviest in industries hard hit by the housing, credit and financial debacles. Manufacturers cut 35,000 positions, construction companies got rid of 22,000 and retailers shed 17,000 jobs. Temporary help firms _ also viewed as a barometer of demand for future hiring _ eliminated 29,000 jobs. Those losses swamped job gains elsewhere, including in the government, education and health care.

In May and June combined, the economy lost 98,000 jobs, according to revised figures. That wasn’t as bad as the 124,000 reductions previously reported.

GM, Chrysler LLC, Wachovia Corp., Cox Enterprises Inc. and Pfizer are among the companies that have announced job cuts in July.

GM Friday reported the third-worst quarterly loss in its history in the second quarter as North American vehicle sales plummeted and the company faced expenses due to labor unrest and its massive restructuring plan.

On July 15, GM announced a plan to raise $15 billion for its restructuring by laying off thousands of hourly and salaried workers, speeding the closure of truck and SUV plants, suspending its dividend and raising cash through borrowing and the sale of assets.

GM also said it would reduce production by another 300,000 vehicles, and that could prompt another wave of blue-collar early retirement and buyout offers.

Meanwhile. Bennigan’s restaurants owned by privately held Metromedia Restaurant Group, are closing, driving more people to unemployment lines.

All told, there were 8.8 million unemployed people in July, up from 7.1 million last year. The jobless rate last July stood at 4.7 percent.

More job cuts are expected in coming months. There’s growing concern that many people will pull back on their spending later this year when the bracing effect of the tax rebates fades, dealing a dangerous blow to the fragile economy. These worries are fanning recession fears.

Still, workers saw wage gains in July.

Average hourly earnings rose to $18.06 in July, a 0.3 percent increase from the previous month. That matched economists’ expectations. Over the past year, wages have grown 3.4 percent. Paychecks aren’t stretching as far because of high food and energy prices.

Other reports out Friday showed stresses as companies cope with a sluggish economy.

Spending on construction projects around the country dropped 0.4 percent in June as cutbacks in home building eclipsed gains in commercial construction, the Commerce Department reported.

And, manufacturers’ business was flat in July. The Institute for Supply Management’s reading of activity from the country’s producers of cars, airplanes, appliances and other manufactured goods hit 50, down from 50.2 in June. A reading above 50 signals growth.

The news forced Wall Street to reassess its initial positive reaction to the jobs data. The Dow, which opened higher, slid about 80 points by midmorning.

The Federal Reserve is expected to hold rates steady next week as it tries to grapple with dueling concerns _ weak economic activity and inflation.

In June, the Fed halted a nearly yearlong rate-cutting campaign to shore up the economy because lower rates would aggravate inflation. On the other hand, boosting rates too soon to fend off inflation could hurt the economy.

Our Perspective:

Businesses continue to cut jobs in reaction to what is going on with the economy. Steps need to be taken to rebuild confidence and get the ball rolling again.

The economy is foremost in peoples’ mind. We will all have a voice come November to cast our vote as to which direction we see as the most beneficial. Do not get caught up in the commercials you see. There is plenty of information in articles and on the internet, which will allow you to learn more about both candidates and make an educated decision.

Let us know your thoughts? you can email george@hbsadvantage.com

Where did the day go?

December 3, 2007

 

 

Where did the day go? I had a whole list of things I wanted to get done but that went out the window as soon as I walked in this morning.

 

 

Sound familiar! Are you running your day or the day running you?

 Ever think of outsourcing? 

Companies have come to realize that outsourcing is a fairly powerful and effective management tool. It allows you to address an issue, provide a solution; increase efficiencies and profits while keeping your pulse on daily activities that demand your attention.

 

 

When a company approaches outsourcing for the first time the most challenging question is the most basic one: Where do we begin?

 

 

A recent executive forum favored starting with generic, transaction based business processes such as finance, accounting and information technology. They felt that these fields offer quick wins, attractive returns with relatively low levels of risk.

Hutchinson Business Solutions….Your Outsource Solution

Today it is more important than ever to take an objective look at your operating expenses.

 

 

Below are areas with great opportunities for savings.

  • Payroll Taxes – There is a 50% chance you are overpaying payroll taxes.
  • Sales Tax – Long thought to be the “cost of doing business.”
  • Telecom – Clients are saving from 10 % to 40%.
  • Fleet Management – You can now “put your fleet in the palm of your hand.”
  • Data Solutions – Ask about our Virtual CIO Managed Service Program.
  • Utilities – Deregulated savings for large volume users.
  • Insurance – Cost continue to trend from 10% to 20% a year.

Many clients are enjoying the savings and have received refunds for overpayments.

A new global study on business outsourcing relationships finds that

:·        74% use “business outcomes” to measure performance

·        61% say outsourcing helps their companies perform better

·        74% are satisfied with their outsourcing experience

Thinking of outsourcing?  Contact Hutchinson Business Solutions.

 Your CFO on the Go.  

Defining Opportunities Today,…Providing Savings for Tomorrow.

Visit http://www.hutchinsonbusinesssolutions.com/ to learn more about saving opportunities available for your company. Should you want to know more contact george@hbsadvantage.com