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Monday Morning Memo-8-15-16
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Monday Morning Memo - August 15, 2016
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August 15, 2016
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Hot Savings for New Jersey Employers
August Deadline to Reduce SUI Contribution Rates

Did you check your NJ SUI rates?
Over the last few weeks, 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 (July 27, 2016) 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.

(Compliments of Urbach & Avraham, NJSA Industry Partner Member).
In This Issue
Hot Savings for New Jersey Employers...August Deadline to Reduce SUI Contribution Rates
Annual Training Conference & Exposition - Registration Now Open
Cyber Security - Is Your Firm At Risk?
Upcoming Events
Cyber Security Is Your Company At Risk? - September 27, Summit, NJ
Annual Training Conference & Exposition - November 2, Somerset, NJ
Thanks to Our
Sponsors










Annual Training Conference & Exposition, Nov. 2


The Palace at Somerset Place
We've moved to a new location in Central New Jersey that's convenient, comfortable, and collaborative. Mark your calendar for November 2 for three workshop tracks (leadership, recruiting, and sales); 2 keynote sessions; an expanded exhibit hall; and recognition of your Staffing Employee of the Year.

Click here to download the Attendee Brochure with complete Conference details.
Industry Partners...here's your chance to meet with over 100 staffing professionals.

INDUSTRY PARTNERS AND POTENTIAL EXHIBITORS ... CLICK HERE FOR
YOUR OPPORTUNITY TO MEET WITH TOP REGIONAL STAFFING FIRMS.
A small block of rooms ($109 PER PERSON) has been reserved at the Holiday Inn Somerset-Bridgewater, 195 Davidson Ave, Somerset, NJ 08873;
Phone: (732) 356-1700.
Cyber Security - Is Your Firm At Risk?

Wells Fargo invites NJSA members to a workshop on Cyber Security -
Is Your Company at Risk?
This is a free workshop on protecting your company from fraud.


September 27, 2016 11am-1pm
Wells Fargo, 2nd Floor Executive Boardroom
190 River Rd., Summit, NJ
RSVP: (908) 598-3138 or to Michael.mammolito@wellsfargo.com

Click here to register online.