In the News

The Plumbing and HVAC Success Podcast

Posted on January 30, 2018

Hosted by QSC Business Coach Rebecca Gold, Plumbing and HVAC Success is the #1 place to listen for business tips, advice and the nitty-gritty on how to turn your business into the successful company you've always dreamed of. Tune in here. 

 

PHCC Will Award 43 Scholarships Worth $102,500 in 2018

Posted on January 25, 2018

Attracting new talent is essential to the future of the plumbing-heating-cooling (p-h-c) industry. The PHCC Educational Foundation and its industry partners are teaming up to identify and aid students pursuing a career in the p-h-c industry. The purpose of these scholarship programs is to help students prepare for careers in the plumbing-heating-cooling (p-h-c) profession. Click here to read more. 
 

OSHA Announces Increased Fines

Posted on January 21, 2018

The U.S. Occupational Safety and Health Administration (OSHA) announced it has issued cost of living adjusted minimum fines effective Jan. 2, 2018.  The "Serious Other-Than-Serious Posting Requirements" penalty increases from $12,471 to $12,934. The "Failure to Abate" penalty beyond the abatement day similarly increases from $12,471 per day to $12,934 per day. Penalties for willful or repeated violations rise to $129,340 from $124,709. State programs are expected to change penalty structures to match, at a minimum, the federal schedule. 

Click here to read more...

 

Great Deal on Milwaukee Tools for the New Year

Posted on January 20, 2018

Milwaukee, a PHCC Colorado Affiliate Member, is running a special promotion on drain cleaning solutions through February 28, 2018. Please contact [email protected] for more information. 

 

Federated Insurance January "It's Your Life": A Vision for the Next Generation

Posted on January 19, 2018

Develop talent now for a successful future

While incentives such as bonuses and profit sharing are important, recognizing achievements and building self-esteem are priceless.

Some business owners procrastinate or avoid communicating their succession plans because they fear how family members and employees might react. However, their silence may actually create more stress and cause harm to the business. Most employees—including family members—will feel more secure about the future if they know what to expect and how they will fit in.

It’s never too late to develop a business succession plan. But the earlier you start, the better. Estate planning experts agree that long-term plans to transfer businesses are generally much more successful than those “patched together” following the unexpected death or disability of an owner.

Business succession actually begins with each employee’s first day on the job

Think about it, whether he or she is one of your children or a high school student working part-time, that young person could someday be the head of the company.

Experts agree—succession planning includes creating an environment that motivates employees to use their talents and skills to reach their full potential and contribute to the success of the business. Sounds simple, but how do you accomplish it?

Perhaps a mentor program or an apprenticeship is a good start. Talented young people are more likely to stay with the company if they feel involved in something bigger than their own job. It is wise to provide opportunities by matching experienced workers with newer employees to guide them as they grow in their jobs.

As employees gain experience, they become assets to your business and their value increases. Providing key employees opportunities to gain well-rounded business experience through cross-functional training and experience is admirable. This no doubt helps them become dependable managers who can make good decisions and take initiatives to improve operations.


This article is for general information and risk prevention prevention recommendations only and should be considered legal, coverage, financial, tax, or medical advice. The information may be subject to regulations and restrictions in your state. There is no guarantee following these recommendation will help reduce or eliminate losses. The information is accurate as of its publication date and ia subject to change. Qualified counsel should be sought regarding questions specific to your circumstance. Copyright © 2018 Federated Insurance, All rights reserved.

 
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