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Monday Morning Memo-08-10-15
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August 10, 2015
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Staffing Employment Flat in July

Temporary help employment showed little change from June to July (-0.3%), according to the U.S. Bureau of Labor Statistics. Staffing employment was 4.5% higher than in July 2014. Over the past 12 months, year-to-year staffing job growth has averaged 5.7%.Non-seasonally adjusted BLS data, which estimate the actual number of jobs in the economy, indicated that temporary help employment decreased 1.1% from June to July. Year-to-year, there were 5.4% more staffing employees in July than in the same month last year.

Total U.S. non-farm payroll employment rose by 215,000 jobs in July. Monthly job gains averaged 235,000 over the past three months, less than the average of 246,000 for the prior 12 months. The unemployment rate held at 5.3% in July.
National Staffing Week is Sept. 14-20


 

National Staffing Week is September 14-20...nominate your best employee for Staffing Employee of the Year to be announced at the 2015 NJSA Annual Conference. 

 

Click here for the nomination form.
In This Issue
Staffing Employment Flat in July
National Staffing Week
Get Involved in Your Industry Association
Hot Savings for New Jersey Employers
August Deadline to Reduce SUI Contribution Rates
NJSA/MASA Golf Outing September 29th
Upcoming Events

NJSA Golf Outing - September 29, 2015

Annual Conference - November 5, 2015
Thanks to Our 2015 Sponsors




  
Get Involved In Your Industry Association
"I felt honored when I was asked to become an NJSA Board Member years ago.  Since joining the board I have worked on and chaired several committees including Legal/Legislative, Membership and Industry Partners.  In addition, I held the position of Board President for 3 years. My service on the board has allowed me to gain an incredible amount of experience and knowledge in many areas which has benefited me personally and professionally. It has also enabled Bryant Staffing to become a resource to our clients on topics such as current and pending legislative activities affecting our industry. The New Jersey Staffing Alliance wins awards every year for being one of the largest and best run trade associations in the country and I am proud to be a member of the Board of Directors."
               - Kathy Warren, President, Bryant Staffing

Consider joining the NJSA Board of Directors and volunteer your time and expertise to help our industry grow. 
 
Click here for the nomination form.
Hot Savings for New Jersey Employers
August Deadline to Reduce SUI Contribution Rates   
Did you check your NJ SUI rates?
In late July all New Jersey employers received a Notice of Employer Contribution Rates.  This is not a bill, but rather a summary of the manner in which the NJ Department of Labor calculates the employer contribution rate for unemployment and disability.  This form enables you to determine whether a voluntary contribution would save you money in the subsequent year.  
 
Can I reduce the NJ SUI rate?
A voluntary contribution increases the reserve balance and may reduce your contribution rate. Each employer should calculate the amount of the voluntary contribution required to reduce the rate. The required voluntary payment should be compared to the savings realized from a lower rate.
 
The unemployment expense is a substantial component of your labor cost. Business owners should give it careful attention. If you wish to make a voluntary contribution to your reserve balance you only have 30 days from the notification date to do so. We recommend that you verify all the NJ DOL calculations including the amount of the employer contributions and the benefits charged to your account. Report any discrepancies to the NJ Dept. of Labor.
 
By making a voluntary payment, employers may reduce the NJ SUI rate for the coming year.  Please be aware that this payment increases your reserve balance and helps reduce the NJ SUI rate in future years as well.
 
If you would like assistance in determining if a voluntary contribution will save you money, please do not hesitate to contact us immediately. We will provide you with an illustration of the benefits which you stand to reap from making such a contribution. Within the 30 day period you will be able to weigh the considerations and act accordingly.

(Source: Urbach & Avraham, CPAs LLP, 732-777-1158) 

NJSA/MASA Golf Outing Set for September 29

 

 

The NJSA/MASA Annual Golf Outing is set for September 29 at Fox Hollow Golf Club in Branchburg, NJ.  Sponsorships are available to enhance your marketing exposure to staffing executives in attendance. Over 80 players attended last year.