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Using An Employee Committee to Informally Improve Communication

  
  
  

Leadership Tip: Create Employee Group to Foster Greater Communication discusses a way to solicit feedback and ideas from your employees, creating an employee committee to informally improve communication:

First, we have a program that I started called Candid Council. Anyone can join, and there is no incrimination. It meets on an informal basis – as needed or periodically.

We also have a suggestion box. Anyone can put in a suggestion; it's confidential. It's by the coffee station, and only I have the key.

From my experience, I have junior staff come up and ask me questions. Some junior staff thought senior staff were not making the best decisions in terms of serving the company in the long term. They came to me for clarification and found it, confidentially and without starting a rift between them and senior staff. It ended up being a good learning experience for all of us.

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2012 IRS Pension Plan Limits

401(k) Deferral Limit - $17,000

Annual Additions Limit - $50,000

Maximum Compensation Limit - $250,000

Catch-Up Contribution Limit - $5,500

Highly Compensated Employee - $115,000

ESOP 5-Year Distribution Threshold - $1,015,000

ESOP Additional Year Threshold - $200,000

2012 Pension Plan Limits

1989 - 2012 Plan Limits