Keeping up with all the changes in government policy can be a daunting task even for a seasoned professional. There are federal and state priorities plus any proposed changes that need attention. Not to mention all of the policies that may go unnoticed as they are “recommendations” only. Sometimes with all of the industry chatter it is impossible to know which issues can affect your company and how.
Frier Levitt Government Affairs has created a system that helps our clients keep up with their legislative and regulatory priorities. It is a simple rating system that allows them to track each issue. We rate each issue with a 1-5 system. Rating each client’s priority by a set of proprietary factors allows Frier Levitt Government Affairs to offer each client a “burn factor” for each issue. For example, a client may be watching a specific bill in Congress or a state legislature. As the bill moves forward we tell the client whether the policy is helping or harming them through the rating system. This gives the client a chance to make their own decisions as the bill is moving through the process. Once the rating has reached a 5 it is “burning the client.”
The Burn Factor is based on the client’s specific goals and risk factors. When the client first starts out the rating system is focused on conversations with the client. As time moves on each issue will move up or down in rating based on outside factors such as a legislative vote, regulatory moves or even market indicators. Watching each issue this way gives the client an overview of each priority and the ability to see which issues are actually affecting them. Each rating is specific to the client’s goals giving our clients an edge over the competition. Frier Levitt Government Affairs also adds to the priority list as needed whether by request of the client or if a new policy trend has emerged.