What is the difference between a bid bond, a performance bond and a payment bond? Joseph Blanner – Partner at McCarthy, Leonard & Kaemmerer The three primary bonds that are purchased on construction projects are bid bonds, performance bonds and payment bonds. Over the years, I have spoken to contractors and owners and, in many […]
60:30:10 is the New 80/20 Rule Sometimes the best discoveries are the simplest observations… Whether you know it as the Pareto Principle or the 80/20 Rule, the definition of this famous business rule simply states that, “20% of your priorities will give you 80% of your production IF you spend your time, energy, money and […]
Instructions Obtain your EMR rate information from your insurance agency. All insurance agencies are required to provide the EMR rate to their corporate customers at the beginning of each fiscal year. If you are unsure about your current EMR rate, contact your insurance agent to find out what your rate is. Your EMR rate can […]
General Overview This section provides a brief explanation of experience rating and the process of calculating the experience modification. However, it will not address all of the details of the experience modification calculation and associated terminology. For additional information or clarification, please contact the Bureau. Experience Period The experience rating calculation generally consists of an […]
Experience Modification Rate (EMR) has strong impact upon a business. It is a number used by insurance companies to gauge both past cost of injuries and future chances of risk. The lower the EMR of your business, the lower your worker compensation insurance premiums will be. An EMR of 1.0 is considered the industry average. […]
Focus has been helping organizations and individuals run projects more effectively for over 10 years. We never cease to be amazed at the basic mistakes made by organizations and project managers which cause waste on an enormous scale. High profile public sector projects such as the BBC Digital Media Initiative (£98m declared write-off) attract much […]
Here’s how to improve your listening skills for more effective conversations with employees and customers. Why hire talented people and not fully utilize them? When you start a business, you don’t need to know how to do absolutely everything. For example, if you are opening an event planning company, you don’t freak out because you […]
“Boys Will Be Boys Isn’t a Defense” By Howard Mavity Published On: Tuesday, September 2, 2014 10:42 AM Labor lawyers often hear, “that just won’t work in the real world” and are accused of being impractical, especially regarding civility and professionalism in the workplace. “People cuss, people tease, language has changed, snark is in. Do […]
Over at the New York Times this morning, we’re reminded by the President of Sundance TV, Sarah Barnett, that it’s OK to fail. In Adam Bryant’s Corner Office interview Your Imperfection Can be Your Strength, Ms. Barnett counts among her many management lessons the recognition that “its O.K. for me to fail.” I think women […]
How can managers become leaders? Ever had a manager who is only concerned about the status of the project assigned to you? We all face managers like this at some point in our career. Most of the managers get promoted as managers due to the seniority and good technical skills. But once they become managers, […]
