Hubbardton Forge Distributes $1,137,000 in Employee Bonuses

first_imgHubbardton Forge, a manufacturer of hand-forged wrought-iron lighting, located in Castleton, VT, announced the distribution of its 2003 profit bonus, amounting to $1,137,000 total contribution, split between the employee’s 401(k) retirement accounts (which are fully vested on day one) and a direct cash distribution. Divided among its 181 employees, the combination of 401(k) and cash bonus distribution averaged about 20% of each employee’s annual compensation.The premise that Hubbardton Forge has followed for over ten years is that the company needs 7% to be healthy, to grow, to provide opportunities for all employees, and to provide a return on investment. Beyond that 7%, the company has shared 50% of every dollar of profit with the employees through the bonus plan. “Although a bonus plan can never be guaranteed,” explained co-founder and CEO George Chandler, “it empowers each employee and every team to play a role in the company’s success. At monthly company meetings, we go over the numbers; each employee knows how we are doing and how much is being added to the bonus pool.””We had a very strong year,” CFO Don Merkle explained after the Company’s annual employee meeting. “Sales were strong, process improvements allowed us to lower variable costs, internal changes kept fixed costs below budget…these are the key reasons that we are enjoying this record bonus distribution. It’s also significant to note that these wins are translated into wins for our customers, as process improvements enable us to pass along savings to our customers too.”Hubbardton Forge has had twenty consecutive years of double-digit sales growth. The company was honored by Vermont Business Magazine in October with the first annual 5 x 5 x 5 Growth award given to the fastest-growing manufacturer in Vermont over the past five years. Over the last two years the number of employees has increased by 50%, with plans for more hiring in all areas of the company in 2004.ENDlast_img read more

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3 ways to be an inspirational leader

first_img 20SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,John Pettit John Pettit is the Managing Editor for CUInsight.com. John manages the content on the site, including current news, editorial, press releases, jobs and events. He keeps the credit union … Web: www.cuinsight.com Details A great way to achieve success is to inspire. If your employees aren’t inspired, it will be a lot harder for them to achieve greatness. Here are three ways you can inspire your employees…Share your purpose: Sometimes your purpose can get lost among your day-to-day responsibilities. Remember to periodically remind your employees of the bigger picture. You may get tired of processing loan applications, but you’re helping a family buy their first home. Everyone in the company has a role that is important to the credit union’s success. Remind your employees of the ways they help members’ dreams come true.Show your appreciation: Your employees are what makes your company successful. Praise your employees when they deserve it, and encourage those who are making a great effort to be successful. Help them understand how their success positively impacts the credit union. If you’re a champion for your employees, they will be a champion for you.Applaud innovation: No one knows your members better than your employees. If you want to be successful, you need to allow your employees to take what they’ve seen and heard from your members and use that information to come up with innovative solutions that will help improve their lives.  By relying on your team, you’re giving them the opportunity to improve the business and their careers.last_img read more

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CUInsight Minute with Lauren Culp – September 25, 2020

first_imgWelcome to the CUInsight Minute, sixty seconds from our Publisher & CEO Lauren Culp with our favorite reads from the week.Mentioned:The world as our schoolby DEEDEE MYERS, DDJ MYERSThe best of learning involves no school at all; “the world is school enough,” says George Leonard, a Zen philosopher and expert in Aikido. Our world today is opportunistic in its learning. Yet, there are no roadmaps, no curriculum, and no solidified outcomes. The path of mastery is not a goal; it is a process, a journey, every day in the boardroom, corner office, in the back office, and on the front line. (read more)Refi business loans in a flashby HEATHER BOSENKO, LUCRO COMMERCIAL SOLUTIONSWhen interest rates drop, savvy consumers and business owners gather up their financial information and rush to refinance. Any typical refinance boom can cause stress on credit union staff, but this time it’s paired with a variety of stimulus programs that financial institutions are also responsible for facilitating. (read more)Inclusive design: Why your most vulnerable and stressed out members should come firstby CAMERON MADILL, PIXELSPOKEInclusivity has always been at t­­­he core of the credit union movement. After all, credit unions came into being to serve the needs of vulnerable populations who could not otherwise get loans or open bank accounts. With a mission to better the financial lives of those underserved by traditional banking models, credit unions have long prioritized member experience over profit, resulting in a strong sense of community and lasting member loyalty. (read more)This School Year Simply Doesn’t Work Without Meal Planning. Here Are My Favorite Easy Meals.by JENNIFER ZYMAN, THE KITCHNMy daughter is going to school virtually this semester. Our school let families choose between virtual or in-person due to everyone’s different needs. It was a difficult decision because online learning is hard on everyone, but I wanted to see more data on everything, including the longterm effects of COVID-19 on kids since this virus is, keyword, novel. (read more) ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Lauren Culp Lauren Culp is the Publisher & CEO at CUInsight.com.She leads the growing team at CUInsight, works with organizations serving credit unions to maximize their brand and exposure, connects … Web: https://www.cuinsight.com Detailslast_img read more

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Cuomo signs legislation establishing hemp extracts industry framework in NYS

first_imgCuomo also announced that a “hemp summit” will be held in January 2020 to develop more policies and priorities in relation to the industry. The governor’s office says the legislation will require the hemp industry to test and label the product’s extracts for potential harm to customers. Under the legislation, the Department of Agriculture and Markets will supervise hemp growers and the Department of Health will supervise hemp extract. It will also require the hemp industry to test and label the products which lawmakers say will protect consumers. “By establishing a regulatory framework for producing and selling hemp and hemp extract we can set the industry on a path to continued growth in a smart, safe way that empowers both farmers and consumers,” said Cuomo. (WBNG) — Governor Andrew Cuomo announced in a press release Monday that he signed legislation to establish regulation for hemp extracts. Local hemp manufacturers say the new labeling system will help with the growing demand of quality goods in the hemp industry. last_img read more

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India virus deaths pass 1,000, but low toll puzzles experts

first_imgIndia’s confirmed coronavirus death toll passed 1,000 on Wednesday following its highest daily increase, but the numbers remain low compared with Europe and the United States in a phenomenon that is puzzling experts.With massive slums and a shaky healthcare system, there were fears India would be ravaged by the pandemic that has killed more than 214,000 people worldwide.The latest daily toll of 73 deaths was India’s highest, offering a warning that the giant South Asian nation was not yet in the clear. Experts have offered a number of theories and factors, but there is no definitive explanation yet.”It might well be true that the trajectory of the Indian epidemic is very different for reasons that we do not understand… but those are all theories right now,” Prabhat Jha, an epidemiologist at the University of Toronto, told AFP.One possible factor is that India imposed a lockdown on its 1.3 billion people on March 25, when there were 606 confirmed cases and 10 deaths, and it has been rigidly enforced.The government says the number of infections could have reached 100,000 without it.There are also other issues that could also have kept the risk low — including a young population and the possible positive effects of the BCG tuberculosis vaccine, said John.Another factor could be decades of widespread dengue fever providing communities with some “innate immunity”, he speculated.Still, experts caution that no-one has an accurate picture of the pandemic in remote rural villages and deep in slums.Even in normal times, accurately recording deaths or causes in India can be a difficult task, where many poor people fall sick and die without entering a hospital or seeing a doctor.Just under half of the country’s estimated 10 million annual deaths are not recorded, according to Jha, who leads the Million Death Study that regularly surveys Indian households on the issue.He said authorities could use his study’s framework to survey households and get a sense of the pandemic’s spread beyond the small testing regime, or find answers to why the coronavirus is not devastating communities.”A survey likes this, if it showed lower death rates than expected and was able to get at the cause, would be important,” he said.”India needs to count the dead, quickly.” A lack of testing and many other factors mean that India’s official toll of 1,007 deaths could be far below the real number of coronavirus victims.”We see low numbers but we do not know how to validate those numbers or rates,” virologist T. Jacob John told AFP.”Governments desire under-reporting and… we are flying blind for true rates and numbers.”India appears so far to have been spared the devastation seen in New York, Milan and other hard-hit parts of the world, where hospitals have been overwhelmed by cases of coronavirus.center_img Topics :last_img read more

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David Luiz’s time at Arsenal is up, says Michael Owen

first_imgAdvertisement Owen tore into Luiz’s performance (Picture: DAZN)However, Owen believes Arsenal should cut their ties with Luiz as his mistakes are proving too costly. ‘He’s got so many attributes and been such a good player for so many years,’ said Owen.‘But I’ve never known a player to make so many big mistakes and so often – it’s quite frightening.‘The ball can slide but he’s got so long [for Sterling’s opener], the ball has travelled so far. Get your body in position but do anything but that. And then just to drag the man down you know exactly what’s going to happen.‘It’s just mistake after mistake. I don’t think Arsenal can allow this to happen any longer.‘I wouldn’t be surprised [if he was frozen out]. Arteta left him out the team already now and I think the next thing is to leave him out of the squad altogether, to tell him ‘see you later’.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityLuiz will now miss the next two games, which could prove costly as Mari is set for a stint on the sidelines with a hamstring strain.The Brazilian was quick to put his hands up for his performance though and says it was his fault for the result.‘It’s not the team’s fault. It was my fault,’ Luiz told Sky Sports.‘I take the decision to play, I should take a decision in the last two months but I didn’t. ‘Today, I think the team did well, especially after the 10 men. ‘The coach [Mikel Arteta] is amazing, all the players did amazing, it was my fault. ‘I should have taken a different decision in the last two months, and I didn’t.’MORE: Mikel Arteta gives injury update on Arsenal pair Granit Xhaka and Pablo Mari Luiz was sent off for taking down Mahrez (Picture: Getty)Former Liverpool and Manchester United ace Michael Owen believes David Luiz’s time at Arsenal has to come to an end after his dismal display against Manchester City. The Brazilian started Wednesday’s 3-0 defeat on the bench but he was called into action after just twenty minutes when Pablo Mari pulled up with a suspected hamstring injury.However, after a bright start from the Gunners, Luiz failed to clear a through ball from Kevin De Bruyne which allowed Raheem Sterling to open the scoring and he fouled Riyad Mahrez to give away a penalty, which resulted in him being sent off.AdvertisementAdvertisementLuiz has weeks to run on his existing deal at the Emirates and it’s unclear if Arsenal will offer him a short-term deal, a 12-month extension or any extension.ADVERTISEMENT David Luiz’s time at Arsenal is up, says Michael Owen Sean KearnsThursday 18 Jun 2020 12:47 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link1.2kShares Comment Advertisementlast_img read more

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AP7 selects managers for SEK230bn in passive equity mandates [updated]

first_imgAP7 has awarded three mandates worth an estimated SEK230bn (€25.1bn) to passive equity managers, completing a re-tendering launched more than a year ago.The fund, the default option within Sweden’s premium pension system (PPM), hired BlackRock and reappointed State Street Global Advisors (SSgA) and Northern Trust Global Investments (NTGI) following a procurement exercise that attracted interest from dozens of managers.The passive global equity mandates are the cornerstone of AP7’s SEK261bn Aktiefond, which forms one of the two building blocks of its four investment options – Såfa, Offensiv, Balanserad and Fösikitig.The contracts are for three years, although they can each be extended twice by two years. BlackRock, SSgA, NTGI beat competition from 15 other managers to be appointed.While the size of individual mandates is unknown, the fund said last January, when the tender process overseen by bfinance was launched, that it would be tendering SEK230bn worth of mandates – equivalent to around 90% of its portfolio – and the majority of the SEK235bn within its equity fund at the end of 2014.The equity fund has since grown to SEK261bn, around 92% of the fund’s SEK283bn in assets.AP7 said it selected managers making the most economically advantageous offer, the sole criteria for awarding the mandates.The continued focus on costs comes after the fund was able to cut management fees for the equity fund from 0.12 basis points to 0.11bps over the course of 2015, while costs associated with the fixed income fund fell to 0.04%.AP7 employed SSgA and NTGI previously as equity managers, but the appointment of BlackRock sees the departure of Svenska Handelsbanken.The company was the only domestic provider among 13 managers employed by AP7, according to its website, although the fund’s remaining active managers were largely appointed to specialist mandates – targeting Japanese equities in the case of Sumitomo Mitsui Trust and Nomura Asset Management, or focusing entirely on pharmaceutical stocks in the case of Carnegie Asset Management.The fund also employs four private equity managers and recently said it would be investing a further SEK10bn into the asset class.This story was amended following publication to say that only 18 managers overall applied for the mandate, and to remove a reference to NTGI’s mandate being global smart beta equity. This is to correct inaccurate information published in the Official Journal of the European Unionlast_img read more

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Term-time holidays don’t affect pupils’ exam results (UK study)

first_imgDaily Mail 29 October 2016Family First Comment: This is interesting – in light of the same complaints in NZ about families taking holidays.Parents who are being hit with draconian fines for taking holidays during term time are not causing any detriment to their children’s results by doing so.A new study has shown that children who take at least one day off a term are actually more likely to achieve better results than pupils with perfect attendance records.Figures conducted by Dr Beccy Smith and published in the Times show that 78.7 per cent of those in the classroom every day reached the expected academic level by the end of primary school, but this was fewer than the 82.2 per cent of those who took between one and 20 days of authorised holiday.She told the newspaper:  ‘I thought it was particularly unbelievable that taking them out of school for one day to go to a museum could have any effect at all.’However A Department for Education spokesman claimed absences can impact results, particularly at secondary level.The spokesman said: ‘The evidence shows every day of school missed can affect a pupil’s chance of achieving good GCSEs, which has a lasting effect on their life chances — vindicating our strong stance on attendance.’They told MailOnline: ‘We want every child to get the best possible chance to fulfil their potential. Clearly there are a range of factors that can affect achievement but to suggest missing school does not impact upon children’s life chances would be disingenuous.READ MORE: http://www.dailymail.co.uk/news/article-3884904/Term-time-holidays-don-t-affect-pupils-exam-results-despite-draconian-new-fines-parents-children-school.htmllast_img read more

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World now 80% polio free, WHO says

first_img 56 Views   no discussions Share Sharing is caring! HealthInternationalLifestylePrint World now 80% polio free, WHO says by: – March 27, 2014 Tweetcenter_img Share Share Polio is still a problem in PakistanThe World Health Organization has declared its South East Asia region polio-free.The certification is being hailed a “historic milestone” in the global fight to eradicate the deadly virus.It comes after India officially recorded three years without a new case of polio.The announcement means 80% of the world is now officially free of polio, although the disease is still endemic in Afghanistan, Nigeria and Pakistan.Other countries in the WHO South East Asia region, such as Sri Lanka, Maldives and Bhutan, have been free of the virus for more than 15 years.However, despite the “huge global significance” of the announcement, the WHO admits there are still major challenges to overcome if the world is the reach the goal of eradicating polio everywhere by 2018.There have also been outbreaks in conflict-hit countries such as Syria, which had previously managed to stamp out the virus.Polio mainly affects children under five years old. The virus is transmitted through contaminated food and water, and multiplies in the intestine. It can then invade the nervous system, causing paralysis in one in every 200 infections.South East Asia is the fourth of six WHO regions to be declared polio-free after the Americas, Western Pacific and Europe regions. Eastern Mediterranean and Africa have yet to gain a similar status.Dr Poonam Khetrapal Singh, WHO South East Asia regional director, said: “This is very significant because before this region was certified polio-free, we had half the world’s population polio free.“With the South East Asia region being added we now have 80% of the population polio free.“This was a problem the region was struggling with for a long time, but now finally, we are polio free.”Rise in polio casesMany experts thought India would be the last country in the world to get rid of polio says Deepak Kapur, of Rotary International’s India National Polio Plus Committee.He said India faced several enormous challenges including its large population.He said: “India has close to 170 million children under five who needed to be immunised.The polio virus can be deadly“Then there’s the existence of insanitary conditions which helped the polio virus to proliferate – and impure drinking water because polio is a water borne disease.”But he said the fact that India had managed it and now the whole of South East Asia could be declared polio free sent a powerful and optimistic message to the three remaining polio-endemic countries.The world signed up to eradicating polio in 1988. The Global Polio Eradication Initiative was launched, which is a partnership between governments and organisations such as Unicef, the WHO and Rotary International. The aim was to banish polio once and for all.In 1988 there were 350,000 recorded cases. By 2012 cases had fallen to 223. But last year there was a rise in cases to 406 new infections.“Every child is still at risk”The increase is largely down to vaccination campaigns being interrupted by conflict. In October 2013, Syria reported its first case of polio since 1999. By March 2014 there were 25 cases.An outbreak in the Horn of Africa, which started in May 2013, has seen 217 new cases in Somalia, Kenya and Ethiopia.While Thursday’s announcement clearly marked an important milestone, there was still a long way to go, said Mr Kapur.“Every child in the world is at risk of contracting polio until such a time as the wild polio virus is completely eradicated from every part of the world,” he said.“Until then no child – be it in North America or Europe – will be free of polio potentially hunting them down all over again.“The only way to ensure the wild polio virus no longer exists in any part of the world is to wipe it out of every community in the world.“It is not good enough to wipe it out on one continent and not the rest of the world because today the world is just one global village.“The only way to keep polio away is through immunisation.”He said if every child on the planet were immunised, there would be nowhere for the virus to flourish and spread.“Today’s a big occasion for the entire global polio eradication initiative because if India – which had the most difficult of situations – can do it, others around the world can do it too,” Mr Kapur said.“So Pakistan, Afghanistan and Nigeria need to replicate the example of India and go after this virus.“Global eradication could and should be achieved in the very near future.”By Tulip MazumdarBBC Newslast_img read more

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Woman killed, 2 others hurt in motorcycle crash

first_imgThe Arcedes were onboard a motorcyclewhen they crashed against a car driven by Richie Jan Cajurao, 22, of BarangayBagacay, San Dionisio. The 39-year-old Jennifer Arcede ofBarangay Canas, San Dionisio, Iloilo died of head and body injuries, a policereport showed. Her husband Eduardo, 40, meanwhile, was brought to ComenaresDistrict Hospital in Batad for medical treatment. ILOILO City – A woman was killed whiletwo others were wounded in a road crash in Barangay Hamod, Batad, Iloilo. It was not immediately established whatcircumstance led to crash. center_img According to police investigation, the incidenthappened around 5:50 a.m. on Feb. 29. Cajurao, who sustained body injuries,was also brought to the said hospital. He faces charges for reckless imprudenceresulting to homicide and frustrated homicide./PNlast_img read more

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