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Joint Commerce & Energy Committee 12.6.17 CABINET SECRETARY - PowerPoint PPT Presentation

May 31, 2023 •25 likes •235 views

Joint Commerce & Energy Committee 12.6.17 CABINET SECRETARY MARCIA HULTMAN Overview Mission Promote economic opportunity and financial security for individuals and businesses Introductions Key Staff Workforce & Job Services

  1. Joint Commerce & Energy Committee 12.6.17 CABINET SECRETARY MARCIA HULTMAN

  2. Overview Mission • Promote economic opportunity and financial security for individuals and businesses Introductions • Key Staff

  4. Workforce & Job Services • Individuals: Provide training and education to help attain sustainable employment • Businesses: Help maintain a skilled workforce through training and education

  5. Top Priorities • Registered Apprenticeships • Career Launch • Re-employment Services

  6. Job Service Offices

  7. Labor Market Information • Collect, analyze, and provide employment- related statistics

  8. Examples of Data • Unemployment Rate = 3.5% • # of Unemployed/Job Opening = 0.55 • Total Job Openings in SD = 16,490 • SD Labor Force Participation Rate = 69.2% • SD #1 for Multiple Job Holders = 9.1%

  9. Division of Banking • Regulate and supervise state-chartered and licensed financial institutions

  10. Unemployment Insurance • Individuals: Provide economic support to jobless workers • Employers: Administer the program for those liable

  11. Items of Interest • Rebranding to Re-employment Assistance • Employer Tax Break • Uncollectible Debt Legislation

  12. UI Trust Fund Update UI Financials - Quarterly Summary (in Millions) Actual Actual Projected Projected CY 2017 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Total Contributions/Interest In $4.7 $16.1 $10.5 $7.9 $39.2 Benefits Paid Out $13.5 $6.2 $4.5 $5.8 $30.0 Trust Fund $103.6 $113.6 $120.2 $122.2 $122.2 Projected Projected Projected Projected CY 2018 1st Qtr 2nd Qtr 3rd Qtr 4th Qtr Total Contributions/Interest In $4.2 $13.8 $9.6 $6.8 $34.4 Benefits Paid Out $13.6 $6.3 $4.5 $6.2 $30.6 Trust Fund $112.9 $120.4 $125.4 $126.0 $126.0 *Actual data through August 2017. Projected as of September 28, 2017 using Schedule B.

  13. Employment Laws • Administer state labor laws and provide dispute resolution

  14. Items of Interest • Minimum Wage Increase January 1, 2018 • USDOL Hazardous Occupations • FLSA Guidance • Independent Contractors • Paid Leave and Parental Leave Law

  15. Workers’ Compensation • Provide medical and disability benefits for work-related injuries and diseases

  16. Items of Interest • Hazardous Occupations • OSHA • Mandatory Coverage • Constitutional Challenges • Industry Legislation • Impaired Workforce • Alternatives to Opioids for Chronic Pain

  17. Boards & Commissions • License and regulate occupations

  18. • Abstracter ’s Board of Examiners • Board of Accountancy • Athletic Commission • Board of Barber Examiners • Cosmetology Commission • Electrical Commission • Plumbing Commission • Real Estate Commission • Board of Technical Professions

  19. Number of Licensees • Abstracter – 200 • Accountancy – 1,995 • Athletic – 350 • Barber – 170 • Cosmetology – 7,195 • Electrical – 3,378 • Plumbing – 2,772 • Real Estate – 3,980 • Technical Professions – 3,980

  20. Priorities/Items of Interest • Reviewing License Requirements • National Recognition

  21. Q & A

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