ASA Insights
Jul. 23, 2015

ASA to Department of Labor: 'More Time Needed on OT Regs'
American Supply Association
As business groups like ASA continue studying a proposed regulation by the Department of Labor, the House Education and Workforce Committee's subcommittee on Workplace Protection will hold a hearing on this topic today examining the costs and consequences of the administration's proposal to raise the pay threshold for overtime. ASA joined with industry leaders in pointing out the challenges that this will pose to employers and employees alike, stating "according to the Department's estimate, more than four million employees will need to be reclassified (to being non-exempt) as a result of the minimum salary increase. This will result in less workplace autonomy and fewer opportunities for advancement, while forcing employees to closely track their hours to ensure compliance with overtime pay and other requirements. Employees will have less control over when and where they work." To read the business community's letter, click here. To read ASA's letter, click here.More

Business Groups to Congress: 'Time to Reform Healthcare Law'
American Supply Association
With the Supreme Court's ruling and once again affirming the Affordable Care Act's standing as law of the land, ASA and other influential trade groups in Washington have joined together in urging Congress to get moving on incremental, bipartisan changes to the law. Coming soon are provisions that will redefine employers with 51-100 employees as "small group employers," as well as the Cadillac tax, new IRS reporting requirements and more. Employer groups like ASA have patiently waited as the Supreme Court deliberated, and believe now is the time to take up reasonable reforms that have the support of millions of stakeholders. To read our letters, click here and here.More

Building Leadership Skills for the Industry
American Supply Association
The Master of Distribution Management (MDM) Program is here to help you become the ultimate leader for your organization. The Program is a first of its kind Master's Certification Program with 100% Industry Focused, Comprehensive, and Multi-Format Education. Get ready to take your training and education to the next level! LEARN MORE

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Network2015 Brings the Industry Together
American Supply Association
Network2015 is THE EVENT for the PHCP-PVF industry that brings together the top owners and decision-makers of wholesaler-distributors, manufacturers, independent reps, vendors and professional leaders in North America. Creatively developed with you in mind, the event provides networking, problem solving and forward-thinking through quality education sessions on a wide variety of subjects pertinent to your company's building blocks for success. Big or small, each company in the PHCP-PVF industry needs to connect with their channel partners. Register now to maximize your opportunities and invest in your growth by participating in Network2015 being held October 27 - 29 in Chicago. Be a part of the event that keeps our industry is in motion. For full event information and registration, please go to www.asa.net/network2015.More

Read the Latest from Morris Beschloss on USA Today
American Supply Association
This week's news: Statistical Overload Complicates Objective Economic Analysis (The Desert Sun)

Want to read more from Beschloss? Click here to go to USA Today for a full archive of past articles.More

How to Retain Millennial Workers
CIO
Millennials — once regarded as the job-hopping generation — may be shifting their attitudes on tenure in the workplace. With about half in established careers today, more are looking to settle down within their company. "If you believe in what you're selling or doing, I think that's got a lot to do with it, regardless of age," said Krista Smith, a millennial and communications coordinator at Texas A&M University.More

Wall Street Lenders Growing Impatient with US Shale Revolution
Bloomberg
Halcon Resources Corp. almost ran into trouble with its banks in June 2013. And again in March 2014. And in February 2015. Each time, the shale driller came close to violating debt limits set by its lenders, endangering a credit line that provided as much as $1.05 billion in much-needed cash. Each time, Halcon's banks, led by JPMorgan Chase & Co. and Wells Fargo & Co., loosened their restrictions, allowing Halcon to keep borrowing.More

Energy Efficiency Works: US Energy Use Per Dollar Cut in Half in Last 35 Years
American Council for an Energy-Efficient Economy
Energy efficiency has made major strides in the U.S. in the last 35 years, with "energy intensity" – the measurement of energy used per dollar of gross domestic product – down from 12.1 thousand Btus per dollar in 1980 to 6.1 thousand Btus per dollar in 2014, according to a major new report from the nonprofit American Council for an Energy-Efficient Economy. ACEEE found that about 60 percent of the improvement in energy intensity over the report's 35-year period was due to energy efficiency and about 40 percent to major structural changes in the economy.More

Training Employees for Motivation and Retention
About.com
One key factor in employee motivation and retention is the opportunity employees want to continue to grow and develop job and career enhancing skills. In fact, this opportunity for employees to continue to grow and develop through training is one of the most important factors in employee motivation.More