One of the keys to learning how to protect your business and personal assets from lawsuits is to understand how lawsuits work. The proceedings of a lawsuit can be broken into six simple steps.
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In recent years, the total number and rate of work-related Musculoskeletal Disorders (MSD) or ergonomic injuries in construction have increased significantly.1 With an increase of 12%, this data highlights the need for both employers and employees to focus more of their attention to ergonomic safety. According to the Center for Construction Research and Training, there is a 19% employment increase for electricians projected through 2024. Why is this significant? It equals more than 81,000 new opportunities to improve safety right at the beginning of these apprentices’ careers.
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The year was 1927. Charles Lindbergh flew the Spirit of St. Louis across the Atlantic and Henry Ford, following the success of the Model T, released the mass production Model A with over 400,000 sold in the first two weeks. The United States, flush with cash from the economic boom nicknamed the ‘Roaring Twenties,’ was completing federal projects such as the Holland Tunnel under the Hudson River, which connected New York and New Jersey, and starting new projects such as the Mount Rushmore federal monument. There were smaller developments too, such as the construction of a veterans’ hospital in Rep. Robert L. Bacon’s Long Island district.
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President Trump has nominated Mark Pearce for a third term to the National Labor Relations Board (NLRB). Both IEC and the business community strongly oppose Pearce’s nomination as he led the efforts to roll out some of the Board’s most controversial initiatives.
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IEC recently joined an amicus brief filed by the Coalition for a Democratic Workplace (CDW) to the National Labor Relations Board (NLRB), asking that it reject the Service Employees International Union (SEIU) request to have Chairman John Ring and Member William Emanuel recuse themselves from ruling on a McDonald’s joint employer settlement agreement.
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The APPRENTICE Act would establish $50 million in grant funding to organizations that administer state- or federally-recognized apprenticeship programs.
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A construction CPA recently told me about a contractor with a rock-star income statement. Every job was profitable, and it was propelling them into bigger and bigger projects as the business continued growing – until they folded. Why? They ran out of cash. Like too many construction companies, they didn’t have a profit problem; they didn’t have a spending problem; but they did have a cash flow problem. And more than likely, they could have prevented it.
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Looking in the mirror at the end of the day can be a painful endeavor for leaders. It’s that raw moment when they drop the “fake it till you make it” smile. They let their anxiety seep through their pores and wonder out loud just exactly how much stress, frustration, life lessons, and wrinkles they will physically endure before they hit their target numbers or shake hands with their next investor.
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