It could become a critical factor as CEOs and company chiefs weigh their staffing and talent needs against rising costs and regulations that discourage expanding employment, including Obamacare and minimum-wage hikes.
California recently became the third locale—after Connecticut, in 2011, and New York City earlier this year—to impose paid sick leave on companies. Its law requires all employers to grant workers at least three days a year that they can use to call out sick and still get paid. The law is expected to affect about 39% of California’s workforce, or about 6.5 million workers, making it the most widespread sick-day law on the books in the United States.
Employees in California will get one hour of paid sick time for every 30 hours worked, though businesses can cap the benefit at three days annually. Employees must work at least 30 days in one year to become eligible, and the law excludes home-healthcare workers. The law will go into effect July 1 of next year and applies to all businesses regardless of size, unlike laws in Connecticut and New York City that don’t apply to the smallest businesses.
Organized labor praised the law, but some business interests objected. For example, the National Federation of Independent Businesses complained that the new measure will penalize small businesses in California that already are among the most burdened in the country. “This will only serve to eliminate any plans small employers have to grow and expand their businesses,” said John Kabateck, the group’s California executive director, in a statement.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
