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LEADer in the Spotlight

WHO:  Almira Goethe, CDH Assurance Senior

WHAT:  JP Morgan Chase Corporate Challenge 2017 & 2018 Organizer

ROLES:  Team builder, 1st place front-runner in CDH women’s category, promoter, networker, contestant

DETAILS: 

Almira organized and championed CDH’s team participation in the JP Morgan Corporate Challenge race for the second year in a row. She did an amazing job promoting and spearheading the event and involving all CDH employees who wanted to participate. Almira truly understands the saying that a team that plays together, stays together. Almira is one of the CDH cultural ambassadors who presents and promotes our company in a terrific way. 

The JP Morgan Corporate Challenge is a world-wide series of 3.5 mile (5.6 kilometers) running events open to groups of employees from organizations within the business and public sectors.  Twenty-two CDH employees attended the race in Grant Park this year and had a lot of fun. Almira will be looking for new team members to participate in the race next May.

 

IN HER WORDS…  “I like to stay active as I strongly believe that staying fit and healthy benefit my overall lifestyle. I also like to organize and plan fun events and activities either with my friends, family or co-workers. This was my second year planning the JPMorgan Chase challenge, and I had so much fun doing it. I also like to see and network with other firms. This year’s run had 27,777 entrants from 692 companies.  This is a great way to meet people across all industries! The Chase Challenge also kicks off my summer, when I usually do runs like Tough Mudder and Spartan Race. I start training a little early in the spring to be ready for the JP Morgan Chase Challenge, and it helps to get rid of the calories banked during the winter time, when we have our Opportunity Season. I hope next year to be within the first ten finishers, which means I would have to run 3 min per mile faster. If not next year, there is always the year after.”

Managing Your Labor with a Record Low Unemployment Rate

By: Matt Wirth

For many of my clients, 2018 brings good news for employees, but most employers are facing tougher times filling positions as the job market continues to tighten its grip.  For the month of May, the economy added 180,000 jobs and pushed the unemployment rate to an 18 year low of 3.8%. 

For 2018, 44% of all employers will be looking to hire permanent full-time workers and many job vacancies are taking well over three months to fill per CareerBuilder’s forecast.  On top of that I am seeing some of my client’s employee turnover rates exceed 30%.  If your loosing valuable employees, it’s imperative that you understand the reasoning.  Its’ not always about wage increases, it could be related to other issues such as your culture or promotion process.  However, I am seeing many clients realign their pay scales to hold down their turnover rates. 

Managing, developing and tracking labor Key Performance Indicators (KPI)’s is vital during these times of employee shortages so you can quickly react to your hiring needs. These are a few on the top of my list:
 
  • Direct Labor as % of Sales
  • Direct Labor Productivity
  • Overtime as % of Regular Hours by department
  • Value Added per Payroll Dollar
  • Employee Turnover

Having a pulse on your labor metrics is vital, but you need a holistic approach to truly understand your business needs.  It is imperative that you have in place a performance measurement system that monitors all your business metrics and they need to be reviewed each month with the management team. (read more)
 

If you would like to learn more about the CDH Executive Focus process ,
please contact Matt Wirth (mwirth@cdhcpa.com or 262-784-4040).

 

 

When the ACA was signed into law on March 23, 2010 and for several years after, you couldn't turn on the news without hearing about something ACA related. However, in the recent past ACA related news has been relatively quiet but that may soon change.

The December 22, 2017 Tax Cuts and Jobs Act (tax reform law) changed the consequences to individuals who do not have minimal essential coverage (i.e. health insurance coverage). This provision of the law is known as the individual mandate. The law essentially reduced the penalty for non-compliance to $0 effective January 1, 2019.

Thanks to this change, 20 states and two individuals are now suing the federal government along with the Department of Health & Human Services and the IRS claiming the ACA is no longer constitutional. Among other things, the lawsuit claims that the individual mandate is critical to the effectiveness and operation of the entire ACA and, that without it, the entire ACA law becomes unconstitutional.

To learn more, please click on the link below (estimated read time is 4 minutes).

https://www.onedigital.com/blog/the-future-of-the-affordable-care-act-aca



If you have additional questions, please contact
John Jaeger at OneDigital Health & Benefits; jjaeger@onedigital.com

 
 

It is key to increase customer engagement when upgrading to a new cloud accounting system, like Sage Intacct.

It is important to have a good strategy set before the kick off meeting.  Engaging the customer should be a continuous process from the selling cycle, to implementation, and post support.

Here is a list of points to consider:
  • Types of users: Defining engagement for end users is different than the Controller or CFO.  Customize the engagement based on user role.
    • End users need training on end to end processes to learn how the new system will create efficiencies
    • Management needs to see the creation of dashboards and KPI's so they can make better decisions.  Sage Intacct dashboards can flex with multiple components: performance cards (KPI’s), graphs, reports, smart links plus filters for each component
  • Demo early and often: Show the end users how the new system will solve a current roadblock or reduce the number of steps to complete a process. Spend time with the CFO and Controller to make sure KPI's are clear and show them the ease of creating standard or custom reports and designing the Sage Intacct dashboard. (read more)

If you would like to learn more about how Sage Intacct can help your company,
please contact Barry Coyne at
bcoyne@cdhcpa.
 
If only I had a crystal ball…

But some things don’t need the advantages of foresight: the future of accounting is coming, and it’s a marriage of deep relationships and new technology. It’s not a matter of “if.” It’s “when,” and “how much it will affect our industry.”


Armanino LLP is the largest independent accounting and consulting firm in California and one of the largest firms in the United States. It provides an integrated set of audit, tax, consulting, business management and technology solutions to companies in the U.S. and abroad.

We are in a position to see what can and will impact the industry almost better than anyone else. And in a word —or acronym, actually —it’s VUCA.

For those not in the know, VUCA is a military acronym for Volatility, Uncertainty, Complexity and Ambiguity that was introduced by the U.S. Army War College to describe the multilateral world that resulted from the end of the Cold War. Harvard Business School adopted the use of VUCA to illustrate that the accepted management models of the past are no longer relevant in a business world that can only be described as, “Hey, it’s crazy out there.” (
read more)
 
CDH Crusaders successfully raised almost $6,000 for Relay for Life, which contributed to the event's total of over $46,000!  Thank you to all the participants and a special thank you to Melanie Martin, CDH Business Advisory Services Senior, for organizing CDH's efforts each year!

To support CDH's fundraising efforts, please visit our
team page and donate today!