MAST Morning Memo

To:                  MAST Morning Member

 

From:              Manufacturers Association of the Southern Tier

 

Date:               November 15, 2017

 

Subject:          Useful Information

 

 

About the MAST Morning Memo

The MAST Morning Memo is a weekly communication sent to your inbox every Wednesday morning that is designed to give you a quick glance at topics that are important to manufacturers in Allegany, Cattaraugus and Chautauqua Counties. If there are topics that you would like more information regarding or if you have information to share, or links to articles that you feel help the cause of manufacturing in our region, send it our way. We appreciate your continued investment in the Manufacturers Association of the Southern.

 

 

Dream It Do It

Start your engines!!

 

It's time for the 6th annual DIDI 500 at St. Bonaventure University Richter Center, Saturday, November 18th at 8:30 am.  

 

Design It!  Build It!  Test It!  Race It!  Sell It!!

 

Students work in teams of 4, mentored by area engineers, to build a rubber band powered car.  Open to students from 7th - 12th grade.

 

Enjoy the video...

 

https://m.youtube.com/watch?v=TrwcTGDTxZg

 

...and if you have any questions, please contact Evelyn Sabina at esabina1@gmail.com

 

You can access even more information at: https://sites.google.com/site/dreamitdoit500/home?pli=1

 

 

Workforce Development

The Top 5 Ways to Attract and Retain Great Talent: A Millennial’s Point of View

The term millennial is thrown around quite frequently, so I have to ask what exactly is a millennial. Is it just someone born after the year 1984 and feels that being gluten free is the way to be and walks around with eye glass frames minus the lenses? Or is it someone that is innovative and has great ideas but just are not given the platform to express those ideas? If your answer to this question is the latter then you can continue reading this.

 

As a millennial, I am going to provide you what I believe are the top five priorities that millennials have when they enter the workforce. I am sharing this information in the hope that it may help you retain the young professionals you have in your company today and also help you attract more of the best and brightest in the future.

 

  1. Leadership

Today’s young professional wants to understand the type of person and organization they are working for and their leadership style. Young professionals want clarity on who they answer to and they need to know that the leadership ‘has their back’ and will listen to the ideas that they have to share.

 

  1. Career Growth

Building an organizational structure that allows for career-pathing takes time and strategy. It is important to show your young talent where they can go and better yet show them how they can get there by pointing them in the right direction for professional development. This will help answer the question of where do I see myself in the next five years.

 

  1. The Mission

Today’s generation need to believe in the mission and know the “why” such as “why does the company do this and why does the company do that”? Fully understanding and buying into the company’s mission statement is key to attracting great young talent.

 

  1. Thinking Outside the Box

It does not matter what the job is, new talent has to be sold on the fact that there will be an opportunity to think ‘outside the box’ and allow their ‘creative juice’s’ to flow. Giving a young employee this chance will make them feel important and part of the process and the solution.

 

  1. Community Service

One thing that millennials love to do is give back to their community. So, showing that your company believes in causes that are bigger than themselves is key to getting and retaining talent.

 

Top talent is hard to find and even harder to keep so it is imperative to surround yourself with people that believe in your mission and values. Find the right fit for you and your company.

 

Written by Jehuu Caulcrick. Jehuu is the Dream It Do It Coordinator for Chautauqua County and serves as Director of Industrial Services for the Manufacturers Association of the Southern Tier.​

 

 

Chautauqua County Education Coalition Brings Learning System and Employers Together

Any collaborative project sees success only if each party contributes their time and resources to reach a common goal.  The Chautauqua County Education Coalition (CCEC) welcomes all MAST Members to continue to show strong support for this private sector led initiative.

 

The CCEC and its stakeholders have pledged to a consistent meeting schedule held Bi-Monthly on the fourth Tuesday during the months of: January, March, May, July, September, and November.  This enables the CCEC and its stakeholders to solidify these commitments to one another.  During our Full Group Meetings we provide continuous communication through high level updates on our work through presentations from subgroup chairs (Kindergarten Readiness, Middle School to High School Career Pathways:  Healthcare & Manufacturing, Immediate In-demand Occupation Training:  Healthcare & Manufacturing)  and catalytic projects (e.g. Parents as Teachers, Quality Stars, Dream It Do It, P-TECH, etc.). 

 

The Chautauqua County Education Coalition is a workforce development organization whose mission is to align resources and build capabilities to meet the evolving workforce requirements of the community.  For more information on how your organization can get involved or to access past and present meeting presentations please follow us on Facebook or visit our website at www.educoalition.com

 

 

MAST Student Spotlight

The MAST Student Spotlight highlights a student that is excelling in his/her chosen career pathway. Each week an instructor in the region will select a student that possesses the technology and soft skills that is needed to be successful in the manufacturing field and we will highlight your future employee. Click Here For More Information

 

 

Workforce Connection

The Workforce Connection links you to recently received resumes from student who are in technology programs and individuals in the region that are seeking job opportunities in a manufacturing setting. Click Here For More Information

 

 

Health Insurance Cost Containment

2018 Open Enrollment Checklist

To prepare for open enrollment, group health plan sponsors should be aware of the legal changes affecting the design and administration of their plans for plan years beginning on or after Jan. 1, 2018. Employers should review their plan documents to confirm that they include these required changes. Open Enrollment Checklist

 

http://www.lawleyinsurance.com/employee-benefits/open-enrollment-2018/

 

To:                      MAST Member

 

From:                 Manufacturers Association of the Southern Tier

 

Date:                  November 8, 2017

 

Subject:             Useful Information

 

About the MAST Morning Memo

The MAST Morning Memo is a weekly communication sent to your inbox every Wednesday morning that is designed to give you a quick glance at topics that are important to manufacturers in Allegany, Cattaraugus and Chautauqua Counties. If there are topics that you would like more information regarding or if you have information to share, or links to articles that you feel help the cause of manufacturing in our region, send it our way. We appreciate your continued investment in the Manufacturers Association of the Southern.

 

 

Member Services & Events

Cybersecurity Seminar - November 15

Cybersecurity will be the topic on Wednesday, November 15 when Phillips Lytle presents Deconstructing Cybersecurity Obligations, a continuing legal education program about recent legal issues raised by trends in technology and cybersecurity.  The program will be held from 8:30-10:30am at the Robert H. Jackson Center, Jamestown.  Topics will include the data security landscape and recent incidents, questions to ask your IT personnel, what data is protected by law, incident preparedness, and incident response.  Presents are from the Phillips Lytle Data Security & Privacy Team:  Jennifer A. Beckage, James Bobseine, and Brendan Lillis.  This program is recommended for Bar Association members, CEOs, COOs and CFOs, Information Officers, Information Technology Officers, Board members, and business leaders.  This is a free program and is cosponsored by the Chautauqua County Chamber of Commerce.  Please register by November 8 by contacting Kathryn Gibbons at Phillips Lytle at (716) 847-5469. 

 

 

Lead Generation Sales Summit – November 15

Learn the skills to improve lead generation and sales for your manufacturing company by attending the 2017 Manufacturing Lead Gen & Sales Summit Wednesday, November 15 on the Jamestown campus of Jamestown Community College.  The speakers for the event are experts who have produced real business growth results for manufacturers.  They are:  Josh Curcio, COO and Partner at protocol 80, Inc, who has been working in and speaking about business to business sales and marketing for more than a decade; Deb Calvert, President of People First Productivity Solutions, who was recently named one of the Top 65 Women Business Influencers due to her extensive online reach; and John Hogg, President of Straight-Forward Consulting, who has over 28 years of experience in delivering Supply Chain Excellence and Process Transformation. Topics covered will include:  Sales and Marketing, Buyer Behaviors, and Sales from a Non-sales Person.  The event runs from 8-11:30am at the JCC Carnahan Center and is being sponsored by Southern Tier Enterprise Development Organization, Small Business Development Center at JCC, Jamestown Community College, and the Manufacturers Association of the Southern Tier.  The cost is just $20 per person.  To register, visit www.protocol80.com

 

 

Dream It Do It

Start your engines!!

 

It's time for the 6th annual DIDI 500 at St. Bonaventure University Richter Center, Saturday, November 18th at 8:30 am.  

 

Design It!  Build It!  Test It!  Race It!  Sell It!!

 

Students work in teams of 4, mentored by area engineers, to build a rubber band powered car.  Open to students from 7th - 12th grade.

 

Enjoy the video...

 

https://m.youtube.com/watch?v=TrwcTGDTxZg

 

...and if you have any questions, please contact Evelyn Sabina at esabina1@gmail.com

 

You can access even more information at: https://sites.google.com/site/dreamitdoit500/home?pli=1

 

 

Workforce Development

National Certification Offered to Manufacturers in Region


Manufacturers can now have their employees achieve a national accreditation as a Certified Production Technician (CPT) through Jamestown Community College.

 

Manufacturers from Chautauqua, Cattaraugus, and Allegany counties are invited to join the training consortium for a nationally accredited certification program that will access grant funding and upgrade the knowledge and skills of their production employees.

 

Enrollments are being accepted for the CPT program, offered by JCC’s Center for Continuing Education in partnership with the University at Buffalo Center for Industrial Effectiveness (TCIE). Businesses can register one or more employees in the program, which will be held from January through June, 2018.

 

CPT supplies the core knowledge and skills required for front line manufacturing jobs. Based on industry defined and federally endorsed national standards, the content prepares candidates for entry level to supervisory production roles with a portable credential.

 

Curriculum was developed by the Manufacturing Skill Standards Council, a 501(c)3 non-profit, industry led, training, assessment, and certification system. The program educates candidates in safety, quality practices and measurement, manufacturing processes and production, and maintenance awareness.

 

To offset training costs, the Workforce Development Institute is available to assist organizations in applying for a subsidy to cover half of the training costs, pending successful completion of the program by participants.

The CPT program recently debuted in Chautauqua County via a pilot with Cummins Inc.’s Jamestown Engine Plant. Cummins’ desire to offer the program locally stems from experiencing the value and effectiveness in providing a credentialed, nationally recognized training to employees at its manufacturing facility in Columbus, Indiana.

The Manufacturers Association of the Southern Tier (MAST) endorsed CPT as a program that provides essential baseline knowledge and skills for incumbent workers and individuals entering the manufacturing workforce.

“Developing a skilled workforce is essential to the competiveness of manufacturers in the region,” stated Todd Tranum, MAST executive director. “The MAST board of directors has endorsed the CPT because we seek this as a valuable credential for both current and potential employees. The CPT is a helpful assessment and training tool that all manufacturers should consider implementing for their employees and request of their applicants.”

 

Candidates receive 109 hours of training. The program features web-based education as well as classroom learning provided by TCIE Director of Operational Excellence Peter Baumgartner. In-class sessions held at JCC’s Jamestown Campus and supplemental textbook reading reinforce the virtual workspace lessons through interactive discussion and hands-on simulations. “The CPT material addresses the new demands of manufacturing,” Baumgartner said. “There are safety, quality and maintenance components of manufacturing that, 10 years ago, weren’t on the minds of the average employee. Now they are an integral part of their jobs.”

 

Candidates earn CPT certification after passing all production module exams. The CPT is accredited under the only global certification body for manufacturers, the American National Standards Institute (ANSI-ISO 17024).

 

For more information, contact Grant Umberger at grantumberger@mail.sunyjcc.edu or 716.338.1005.

 

 

MAST Student Spotlight

The MAST Student Spotlight highlights a student that is excelling in his/her chosen career pathway. Each week an instructor in the region will select a student that possesses the technology and soft skills that is needed to be successful in the manufacturing field and we will highlight your future employee. Click Here For More Information

 

 

Workforce Connection

The Workforce Connection links you to recently received resumes from student who are in technology programs or individuals in the region that are seeking job opportunities in a manufacturing setting. Click Here For More Information

 

 

Regulatory Updates

The New Revenue Recognition Standard, How Will It Affect Manufacturers

Until implementation of the new revenue recognition standard, most manufacturing companies found the rules for revenue recognition fairly easy to follow. However, the new revenue recognition standard may present new challenges to manufacturers, especially those who followed industry-specific guidance.

 

First, let’s get a general overview of the new standard.

There are five steps to be considered prior to recognizing revenue:

  1. Identify the contract(s) with a customer
  2. Identify the performance obligations in the contract
  3. Determine the transaction price
  4. Allocate the transaction price to the performance obligations in the contract
  5. Recognize revenue when (or as) the entity satisfies a performance obligation

 

Simple or complex manufacturing contracts

Let’s look at some details. If your company manufactures and sells products through channels that only include simple contracts, such as purchase orders, there is a good chance that you will not be significantly affected by the new standard. However, if you manufacture products that are sold through complex contracts, manufacture custom products, have multiple deliverables, or extended contract terms, you may see changes in the way you recognize revenue. Under the new standard, you will need to pay special attention to all contract extensions, unpriced change orders, sales of additional goods, and any other contract modifications. Why? Because these conditions may affect the amount and timing of recognized revenue. Some contract changes may result in “new” contracts, while others are just the extension of contracts already in place.

 

Performance obligations

When identifying the performance obligations in your contracts, keep in mind that if a good or service is sold separately by your company, but also sold as part of a package, that good or service is probably a separate performance obligation. For example, if you sold a product that included a warranty for defects in workmanship and certain life-limited parts, the first part of the warranty (defects) would be accounted for as a loss contingency. The second part of the warranty (life-limited parts) would require that a portion of the sales price be attributed to it and recognized as income based on historic experience with such warranties.

 

Timing considerations

The standard does not go into effect for private companies until periods beginning after December 15, 2018. However, to comply with that date, you will need to know how the timing and recognition of revenue will be presented in your comparative financial statements by the beginning of 2018. Please keep in mind there are also several financial statement disclosures that may be required, and internal systems may need to be modified in order to collect all needed information.

 

The new revenue recognition standard may have a significant impact on your operations. We will keep you informed as implementation continues.

 

New York Paid Family Leave Law

New York’s paid family leave law requires private sector employers to provide paid family leave benefits to eligible employees starting Jan. 1, 2018. Final regulations implementing the law were issued on July 19, 2017. Click Here For More Information

Manufacturers Association of the Southern Tier

 

Jamestown Office (Headquarters)

512 Falconer Street

Jamestown, NY 14701

 

Olean Office (Satellite Office)

St. Bonaventure University

3261 W State Rd, St Bonaventure, NY 14778

 

Dunkirk Office (Satellite Office)

10785 Bennett Road

Dunkirk NY 14048

 

Or you can reach us at 716 483-1833716 483-1833

 

You can also use our contact form

Office Hours

Our office is open during the following hours: 8am to 4:30pm

 

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