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Monday Morning Memo-5-16-16
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Monday Morning Memo - May 16, 2016
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May 16, 2016
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Good News for NJ's Staffing Firms

Governor Christie announced on May 12, 2016 that NJ's unemployment tax rates will be lower for New Jersey employers as of July 1, 2016. Each employer will receive a tax rate notice from the NJDOLWD specifying the firm's new rate over the next twelve months.  (Note a firm's tax rate is determined by the state's tax rate schedule and the employer's account experience.)  After numerous years of tax rate schedule increases to generate revenues to reduce the Unemployment Insurance Fund's deficit (went as high as $1.2 billion), and then build up the fund's balances to their current positive levels ($1.8 billion), the fund is now strong enough to allow the state to issue a lower tax rate schedule for the first time in years! 
The specific schedule being used by the state has not been announced but its use will be reflected in the tax notice that staffing firms will receive in the weeks to come.  Since unemployment taxes are a significant expense for temporary staffing firms, the positive impact of this reduction is higher proportionately for the staffing industry than other categories of employers.

In November 2010 New Jersey's voters approved a constitutional amendment preventing state government from diverting taxpayer funds from the Unemployment and Temporary Disability Funds after the state had diverted $5.4 billion of those funds for other uses during previous administrations.

In This Issue
LEGISLATIVE UPDATE... Good News for NJ's Staffing Firms
Enhance Social Advertising
Effectively Passing the Blame: A Look at Contractual Obligations & Liability Requirements
Upcoming Events
Enhance Social Advertising - June 1, Iselin, NJ

A Look at Contractual Obligations - Part Two
June 7

Thanks to Our 



Enhance Social Advertising JUNE 1, 2016 - 4:00 PM 
Small business owners and organizational leaders are often seeking the right mix of tools and tactics to implement marketing strategies. Between Facebook, Twitter, Email Marketing, and several other platforms, it can become overwhelming to make a selection. It is widely known that individuals are spending more time on mobile devices and consuming content on social media like never before. It's important to understand and know where your ideal audience is consuming information, and how to target them.

This session will help make sense of the noise. Today we're going to show you how to make the most of the combination of digital offerings for your business. When the session is done you'll have a greater understanding of marketing tactics, goals and objectives. You'll learn what a "campaign" is and what to write about and offer in that campaign.  You'll be given some simple but powerful tips of how to get your messages opened and read, shared and socially visible.  And you'll see that there are some great tools you can use to help engage with your existing customers and supporters as well as expand your reach to new prospects. Throughout the session you'll be given opportunities to capture your own ideas and build out the framework of your own "next great campaign."  So join us and start to build a plan that will help you grow your business by eliciting the responses you want from your customers or supporters.
All guests can participate in a business card raffle for a chance to win Yankee's tickets! THIS IS A FREE EVENT!
If you cannot attend the meeting in person, join us at - meeting code njamsocial
or join the audio conference at: 1-646-307-1990, access code: 314185576#.
Let's celebrate the opportunities presented, so we ask that you join us after hours at Kona Grill for appetizers and cocktails, 511 U.S. Route 1, Iselin, NJ 08830 at 5:30pm.

Sponsored by Advance Media

Click here to register now.


Effectively Passing the Blame: A Look at Contractual Obligations & Liability Requirements - Part Two

Is your staffing company transferring risk to the right parties?  Are you assuming uninsured liabilities via your contracts?  More specifically, do you know how indemnification provisions can trigger coverage under various liability policies?
If you're not paying close attention to your contracts' provisions, your company could be in hot water in the event of a large claim. 

This panel of insurance and legal experts will give you a better understanding of:
  • How contractual indemnity provisions may or may not trigger insurance coverage;
  • Vertical or horizontal exhaustion of limits and satisfying liability requirements in a contract;
  • Additional insured, waiver of subrogation, and alternate employer requirements and how they dovetail with the coverage form;
  • Challenges behind VMS contracts and their downstream insurance requirements and indemnification provisions;
  • Why purchasing cyber liability insurance to satisfy contractual provisions may still leave you exposed.
Panelists:  Martin Borosko, Managing Member, Becker LLP, Timothy Szuhaj, Partner, Becker LLP Kurt Murray, Principal, Assurance and Kerri Quigley, risk Management Consultant for Staffing, Assurance

Fee:  $35 per person
Date/Time: June 7 from 4:00-5:30pm
Networking from 5:30-6:30 pm at Lithos, 405 Eisenhower Parkway,Livingston
Location: Citrin Cooperman, 290 W. Mt. Pleasant Ave., Livingston, NJ

Register online: click here.