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Archive for August, 2010

Line Up with Industry Experts at the Georgia Dome – November 11th!

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Space is limited ~ Register early!

Valiant continues to score big with its popular Professional Development Series of events and web casts.

Are you missing out?

Join in the fun of watching a great game while feasting on ballpark franks and learning from highly regarded thought leaders in Federal markets, labor law and compliance, federal legislation, health care and other issues that impact operations of businesses with large, dispersed, hourly workforces.

The Series launched in late February with a Wage & Hour Compliance web cast that attracted more than 280 participants from security, facility management and hospitality. We are continuing with an event scheduled for November 11, 2010 at the amazing Georgia Dome in Atlanta!

What: Valiant’s Professional Development Series — A facilitated forum for the exchange of best practices and industry issues for 25-35 C-level executives from large national and regional companies with large, dispersed hourly workforces.
Who: Featured speakers include experts and leaders from political, law enforcement, security, media and general business experts.

Marilyn Fish, Partner, Bryan Cave LLP

  • Legislative Changes for Employers
    • Employee Free Choice Act
    • Check-up on Your Disability & Health Policies
    • Reverse Discrimination
    • Pro-employer Changes
  • Take a Closer Look at Employee Compensation
    • Employee Salaries and Watch-outs
    • Independent Contractors and the Co-Employment Dilemma - “Get it Right”
    • Wage & Hour Updates
  • Whistleblower Incentive & Protections – the Dodd Frank Act
  • Social Networking - Friend or Foe

Cherie Fuzzell, CEO/President, FirstView, LLC

  • Reducing Costs & Streamlining Operations through Paperless Payroll
  • The Impact of Unbanked Workers in Coporate America
  • Use of Payroll Card Programs to Achieve 100% Direct Deposit
  • Consideration in Selecting a Payroll Card Partner

Glenn Noble, VP, Wells Fargo Capital Finance

  • Planning for working capital needs
  • Contract based financing options
  • The impact of choosing the right capital partner
Cameron Hamilton, Senior Managing Director, The McLean Group

  • M&A Value Drivers
  • Current M&A Market Update
  • M&A Deal Structure Trends
  • Key Buyer/Seller M&A Lessons Learned

Melissa Kurtzman, Shareholder, Littler’s Employee            Benefits & Executive Compensation Group

  • 2011 Benefit Plan Design Change
  • Grandfathered status: Is it worth the trouble
  • Anti-discrimination rules for Insured Plans
  • Limitations to Flex Plans
When: Thursday, November 11, 2010

Forum starts: 3:00 PM

Featured speakers: 3:30 – 6:30 PM

Dinner: 6:30 – 8:00 PM

Kickoff: 8:05 PM

Where: Atlanta Falcons vs. Baltimore Ravens,         Atlanta, GA

Register for Valiant Professional Development Series - June 15, 2010 in Anaheim, CA  on Eventbrite



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Sponsorship plans available,

Contact Jeff DiDomenico with questions

516.390.1122 or jeffd@valiant.com




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© 2010 Valiant Solutions, Inc., 110 Crossways Park Drive, Woodbury, NY 11797

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Pitch and Catch with Industry Experts at AT&T Park – September 1st!

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Space is limited ~ Register early!

Valiant continues to hit it out of the park with its popular Professional Development Series of events and web casts.

Have you participated yet?

Join in the fun of watching a great game while feasting on ballpark franks and learning from highly regarded thought leaders in Federal markets, labor law and compliance, federal legislation, health care and other issues that impact operations of businesses with large, dispersed, hourly workforces.

The Series launched in late February with a Wage & Hour Compliance web cast that attracted more than 280 participants from security, facility management and hospitality. We are continuing with an event scheduled for September 1, 2010 at beautiful AT&T Park in San Francisco, CA.

What: Valiant’s Professional Development Series – A facilitated forum for the exchange of best practices and industry issues for over 40 C-Level executives from large national and regional companies with large, dispersed hourly workforces.

Who: Presentation by Eric Harr, CEO, Eric Harr Social Media, Inc. – Social media is now the fastest-growing form of communication in history, and Eric Harr Social Media is the preeminent social media agency in America.  They are a group of talented, passionate specialists who resolutely believe that social media can acquire new customers and improve customer loyalty than any other form of marketing.  Learn how to elevate brand equity, neutralize negative comments, lift up positive endorsements, generate market research, improve customer service, streamline operations and significantly drive the bottom line.
When: Wednesday, September 1st, 2010

4-5 pm: Keynote Presentation, Q&A

5:15-6:15 pm: Networking with Industry Leaders in the Luxury Suite

6:15 pm: Start of game

Personal consultations & discussions throughout the evening

Where: AT&T Park, San Francisco, CA

San Francisco Giants vs Colorado Rockies

(6:15 pm)

Register for Valiant Professional Development Series - June 15, 2010 in Anaheim, CA  on Eventbrite

Sponsored by:

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Connect with Valiant: twitter Twitter |  facebook Facebook |  linkedin LinkedIn

© 2010 Valiant Solutions, Inc., 110 Crossways Park Drive, Woodbury, NY 11797

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Insurance Purchasing 101

Over the last 5 years security, investigation and electronic security agency insurance costs have been in a soft or down market cycle. This soft market differs from past soft markets in that costs insurers are providing to security agency businesses appears to be market capacity driven not claim experience or profit driven. Unless insurers plan on denying or disclaiming claims it may be hard for the current pool insurers to make any kind of underwriting profit at current market pricing levels.

To prepare your business for the next hard market (market when insurance costs go up) we have learned over the last 20+ years that professionally completing an insurance application can and usually does lead to a favorable result when the market for insurance is trending cost upward.

Underwriters want to see fully completed applications, claim reports with summaries, supplemental information relating to quality control, training and pre-employment screening and the background owners have in the security industry. Taking the time to fully complete an application for insurance will help you protect your business and your bottom line by giving your broker or agent the information they need to evaluate your exposures to loss and match up insurance coverage to your exposures. It also tells insurance company underwriters that you are serious about your business and protecting it from lawsuits, employee injuries, auto accidents and employment related grievances.


Federal Contractor Performance and Integrity Database Going Public

Buried in the supplemental appropriations bill signed by the President on July 29th is a provision (Section 3010) that will require the General Services Administration to post on a “publicly available Internet website” all contractor information, with the exception of past performance reviews, included in the GSA-maintained Federal Awardee Performance and Integrity Information System (FAPIIS).  Like other recently enacted laws affecting federal contractors, the provision was added to the bill at the last minute with no public debate when the bill was on the Senate floor in late May.

FAPIIS was created pursuant to the FY ’09 Defense Authorization Act and became operational in April 2010.  FAPIIS contains information (going back five years) from various sources that contracting officials use to evaluate the integrity and performance of prospective contractors in order “to protect taxpayers from doing business with contractors that are not responsible sources.”  Information in FAPIIS includes; past performance reviews, excluded parties lists, non-responsibility determinations, contract terminations for default or cause, agency defective pricing determinations, administrative agreements entered into by suspension and debarment officials and contractor self-reporting of criminal convictions, civil liability, and adverse administrative actions.  As mentioned above, FAPIIS is maintained by the General Services Administration.

Currently FAPIIS is only open to “appropriate” acquisition and agency officials as well as the top lawmakers on relevant congressional committees.  Contracting officers are required to review the information in FAPIIS in connection with contracts over the simplified acquisition threshold (currently $100,000) for the purpose of making a responsibility determination,   They must also document the contract file to explain how the information in FAPIIS was considered in any responsibility determination–as well as the action that was taken as a result of the information.

There are concerns that opening the FAPIIS website to the public could lead to public pressure (potentially politically motivated) that could improperly influence a contract award decision, and create a situation where certain vendors targeted by public groups could become “radioactive” and essentially “blacklisted” from future contracts.   A more practical and wide-ranging concern is that making the contractor information in the FAPIIS public could result in the disclosure of proprietary contractor information.

GSA is currently working on the regulations to implement the provision.  There was no timetable or deadline provided by the legislation and GSA has given no indication when FAPIIS will be open to the public.  GSA though has indicated that it will address concerns related to the disclosure of proprietary data.


Most health plans to lose grandfathered status: Survey

Ninety percent of employers expect their health care plans to lose their grandfathered y status by 2014 under the health care reform law because of changes they expect to make, according to a survey released Tuesday.

Under the Patient Protection and Affordable Care Act, employer plans are shielded from certain requirements, such as providing full coverage of preventive services, if they meet certain requirements. For example, employers must maintain current coinsurance requirements and cannot raise employees’ premiums by more than five percentage points. Changing insurers also invalidates a plan’s grandfathered status.

According to the Hewitt Associates Inc. survey of 466 employers representing 6.9 million workers, 90% of respondents expect their plan to lose its grandfathered status by 2014—the majority in the next two years.

“Most large employers would rather have the flexibility to change their benefit programs than be tied down to the limited modifications allowed under the new law,” Ken Sperling, leader of Hewitt’s health management practice in Norwalk, Conn., said in a statement.

Seventy-two percent of employers expect their health care plans to lose their grandfathered status because of design changes. Changing premium subsidy levels, changing insurers and consolidating plans are among other actions employers expect to result in their plans losing grandfathered status.

Fifty-one percent of employers with self-funded plans expect their plans to lose grandfathered status in 2011, and 21% expect that to happen in 2012. Forty-six percent of employers with fully insured plans expect to lose grandfathered status in 2011, and 18% expect that in 2012.


New Information on The HIRE Credit to Employers

The payroll tax exemption is an exemption from the employer’s 6.2 percent share of social security tax on all wages paid to qualified employees from March 19, 2010 (the day after the date of enactment of the HIRE Act) through December 31, 2010. The employee’s 6.2 percent share of social security tax and the employer and employee’s shares of Medicare tax still apply to all wages.  The FAQ pages were just updated with additional information.


Anti-Terror Training for Parking Professionals – FIRST OBSERVER

Next Upcoming Webinar – National Parking Association

September 15, 2010 at 2:00 PM EDT, 1:00 PM CDT, 12:00 PM MDT, 11:00 AM PDT

First Observer™ is a national Terrorism Awareness program that uses the skills, experiences and “savvy” of Americans who spend a good part of their working day in America’s surface transportation arena.  For more information and to register, please go to: http://eo2.commpartners.com/users/npark/session.php?id=4843


WHITE PAPER ON THE SECURITY GUARD INDUSTRY

WHITE PAPER ON THE
SECURITY GUARD INDUSTRY

MARKET  «  MARGINS  »  MULTIPLES

JULY 2010

Highlights of developments since the last report (July 2009):

  1. Only one major transaction in the US security guard sector:  Tri-S Security sold its sole operating subsidiary, Paragon Systems, Inc. to Pinkerton Government Services, Inc.; a wholly owned subsidiary of Securitas AB.
  2. Margins for large and small security guard companies continue to slide.
  3. Industry and financial buyers continue to be aggressive and seek quality acquisitions.  The multiples paid and being offered continue to hold.
  4. Several concerns on the horizon for owners of security guard companies:
    • Unions are given more freedom to organize the security personnel.
    • New healthcare bill signed into law continues to confuse, but definitely means more cost to employers.
    • Operating costs on the rise, especially healthcare and unemployment taxes.
    • Federal income taxes are expected to increase starting in 2011, which will make owning (and selling) a company a lot more expensive
  5. Reports and surveys indicate that the security guard market will continue to grow in the low single digits for the next 3 years.
  6. More security guard companies are looking to companion markets as a way to offset their shrinking margins on traditional standing security guard services.

Click Here to Download the White Paper