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Coastal HR Employment Law Conference set for July

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MADISON, Wis. (5/28/09)--Credit union professionals can check if they are in compliance with all new and updated labor and employment laws by attending a conference presented by the Credit Union National Association. The Coastal HR Employment Law Conference, July 23-24 in Hilton Head, S.C., will explain current and upcoming changes to human resources acts, laws and regulations, and how they affect credit unions. Topics to be covered include:
* What has already changed--explains credit unions’ legal obligations under the new Americans with Disabilities Amendments Act (ADA), new Family and Medical Leave Act (FMLA) regulations, and the Lilly Ledbetter Fair Pay Act; * What will change--outlines amended, expanded, or significantly revised labor and employment legislation passed during the Obama administration and the effects on credit unions; * What hasn't changed--helps credit unions avoid common pitfalls that produce liability under the Fair Labor Standards Act, the most violated and least understood of all federal employment laws; * What will never change--teaches how to motivate employees to excellence in difficult economic times by creating a management culture of servant leadership, which means the leader is a servant first; * Toolkits for ADA, the new FMLA, and the Ledbetter law--supplies sample language for position descriptions, policies for employee handbooks, how-to guides, and other information to address challenges; * Credit union high-spot review--provides checklists and a review of human resources practices, and suggestions to improve practices that may leave a credit union open to scrutiny; and * Measuring effectiveness of employee satisfaction--reviews some of the best methods for measuring employee satisfaction and performance, and provides tips to achieve the results for long-term satisfaction and performance.

Raddon survey monitors small-biz trends for FIs

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LOMBARD, Ill. (5/28/09)--Raddon Financial Group (RFG) recently formed a small business research consortium to analyze how small businesses perceive financial institutions and use financial products and services. Raddon is a provider of research-based solutions to financial institutions--including credit unions--and a strategic business unit of Open Solutions Inc. The research program comprises a semi-annual nationwide survey of small businesses. Among the findings from a March survey:
* This year, 30% of small businesses with annual sales of $500,000 to $10 million plan to lay off employees; * Of those surveyed, 52% will freeze pay and 41% plan to eliminate bonuses in 2009; * Small business cost-cutting measures extend to health insurance benefits and 401(k) matches; and * Nine percent of small businesses expect to reduce operating expenses by closing or consolidating facilities.
Although many small businesses are cutting costs to cope with the current economic environment, 18% expect that their annual sales will increase in 2009, while 37% expect flat sales. However, 45% expect sales to decrease this year. RFG developed the research to help participating institutions such as credit unions increase their small business relationships, evaluate competitive strategies, identify new product ideas and develop a segmentation approach to acquire and retain customers.