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Monday Morning Memo-2-22-16
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February 22, 2016
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               NJSA Blog         Visit NJSA Website        Legal Resource Documents  
 
Our thanks to all our Law Day speakers - the content was the best yet and attendee evaluations were extremely positive.
 

"I found the presentations to be very worthwhile. There was a lot of useful information and I thought the classroom style was great."  
              Mary Pat Renois, Glenmont Group
 
"Our industry partners have a ton of expertise and information to share with NJSA members.  Law Day was a perfect example of this."
              Nini Olson, Patel Corporation
 
Thanks to our sponsors for their support this year.
            
In This Issue
Event News - Law Day
Executive Leadership Conference
Legislative News
Minimum Wage Bill & Paid Sick Leave
Member News - Access Capital
Upcoming Events
Webinar Series - March 3, 2016, Session Two. 

Executive Leadership Conference - April 26-28, 2016, The Borgata, Atlantic City, New Jersey
Thanks to Our 
Sponsors






 

MARK YOUR CALENDAR NOW FOR THE 11TH ANNUAL EXECUTIVE LEADERSHIP CONFERENCE, APRIL 26-28 AT THE BORGATA.

LEADING TO THE NEXT LEVEL... WHAT GOT YOU HERE WLL NOT GET YOU THERE!
 
Business is not "as usual" any more... Competitive challenges force leaders to analyze data instantly... assimilate information... and implement strategies that will meet client expectations.

Where can you go to find that inspiration to face staffing challenges and increase your bandwidth to form successful relationships... and avoid the "same old, same old?"
 


NJSA'S EXECUTIVE LEADERSHIP CONFERENCE IS THAT PLACE...RIGHT HERE IN YOUR BACKYARD!
 
Registration materials will be out March 1st. Top speakers include Mike Scott, Rob Mosley and J. D. Gershbein.

 
 

Minimum Wage Bill

Minimum Wage Bill - Assembly Speaker Vincent Prieto and State Senate President Stephen Sweeney reached an agreement on eventually raising New Jersey's minimum wage to $15 an hour. Under the new plan, the current wage would increase to $10.10 in the first year, followed by $1 each year after until it reached $15. On top of those raises, automatic increases based on the Consumer Price Index (CPI) - already written into the state constitution - would continue. The wage could reach $15 as early as 2021 or as late as 2023.

Voters will likely be asked to increase the wage just four years after they last voted on an increase. In 2013, they raised it from $7.10 to $8.10 under a constitutional amendment, along with the CPI increases. It currently stands at $8.30.

Paid Leave

Paid Leave - NJSA has joined a consortium of leading business groups in NJ to oppose Senate Bill 799 (Paid Leave).  The consortium identified the following concerns (among others) with paid protected sick leave for all employees: 
          1. Possibility of paying double wages for the employee out on leave and the replacement worker.
          2. There is no certain way to document "legitimate" uses of sick leave.
          3. Employers who already offer leave provisions would have to meet additional requirements.
          4. The uses of sick leave identified in the bill overlap and conflict with existing laws (i.e. New Jersey Family Leave Act and the federal Family & Medical Leave Act.
NJSA asks all members to continue to be in contact with state legislators to voice our industry's concerns and the economic impact this bill would have on employment in NJ.

Access Capital is celebrating 30 years of funding small and entrepreneurial companies in New Jersey. In the past year, over $40 million of new and additional credit was made available to fund business growth. Congratulations Access.