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Establishing and Maintaining a Training Program

  
  
  

Practical Training Tips for Smaller Firms is a checklist that suggests tips for establishing and maintaining a training program:

  • Purchase training software
  • Create a resource book for new employees of processes
  • Set specific dates each month to offer new-hire training
  • Use the software program Camtasia Studio to capture screen shots
  • Create a training library
  • Find grants or tax credits
  • Use your reps
  • Use DVDs to focus on technical skills
  • Videotape all training sessions
  • Create learning plans for your employees and use them as part of the mentoring process
  • Bring in outside trainers
  • Turn repetitive questions into a weekly or monthly tips e-mail
  • Be creative with training opportunities

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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