News in Brief: October 2009
Economic strain forces more staff cuts The National Association of Federal Credit Unions announced on Oct. 2 the elimination of three full-time positions in an effort to ensure the groups financial strength. Additionally, the group plans to eliminate one part-time position at the end of the year and one position currently vacant. The job cuts, said a NAFCU media release, were
Read MoreNews in Brief: October 2009
Economic strain forces more staff cuts The National Association of Federal Credit Unions announced on Oct. 2 the elimination of three full-time positions in an effort to ensure the groups financial strength. Additionally, the group plans to eliminate one part-time position at the end of the year and one position currently vacant. The job cuts, said a NAFCU media release, were
Read MoreStudy indicates CEO salary increases slow, bonuses drop
The latest compensation study from the American Research Company Inc. reports that the average association CEO pay continues to grow, but is rising at the slowest pace ever recorded in the 19 years of the study. Salary increases are way, way down, said Jeannine James, president of the Great Falls, Va.-based ARC.
Read MoreTake a hard line on penalties when writing new contracts
In this buyers market, associations have leverage to press hotels for flexible terms and minimal attrition and cancellation penalties. Following are suggestions from two nonprofit-practice attorneys, Jerald Jacobs at Pillsbury and Lisa Hix at Venable: The best contract for an association is one free of attrition and cancellation charges. Short of that, ensure that such charges are for damagesthe amount of the hotels lossnot for penalties.
Read MoreAiling travel industries welcome bill creating nonprofit
Tourism and travel industries scored a victory Sept. 9 with Senate passage of the Travel Promotion Act, legislation which, if approved by the House and signed by the president, will create the Corporation for Travel Promotion, a nonprofit group to market the United States as an overseas travel destination.
Read MoreAsk the recruiter: In job interviews, listen carefully and answer succinctly
Question: Are there missteps that executive job candidates make during interviews with recruiters and the board of directors? Leonard PfeifferManaging director,Leonard Pfeiffer & CompanyOne CEO candidate we met was in khaki pants and a blazer and unpolished brown shoes. You dont have to wear an Armani suit, but make sure your pants are pressed.
Read More