News

News

They share any information that’s available concerning our business or things that might affect our business. And I think they also are very effective in helping you understand why you need to look at things differently if you’re not looking at them the right way.
- Tanya Henry, Executive Director, Milwaukee Careers Cooperative

 

We are constantly on the alert for all the latest industry news, legislative updates, trends and more that could possibly impact your staffing business. Our president and CEO, Julie Ann Blazei, also shares her insights on the staffing industry in her message (link below). And when we don’t see information about a topic we feel is critical for you to know, we create it ourselves to share in our monthly email.

Press Room

We don’t need to tell you that 2020 was a tough year for staffing. The industry as a whole was down approximately 11 percent for the year. In 2021 the industry has reversed course and is currently at 16 percent growth overall, with some segments greatly exceeding this mark.

Will this trend continue for 2022?

As staffing company business owners and managers, you’ve had a lot to think about and adapt to in the last 18 months or so. That’s why part of our job at TRICOM is to make sure we stay abreast of any changes – tax, legislative, or otherwise – that could impact your business.

One such change is the FUTA Credit Reduction.

We’ve always been big proponents of well-run staffing industry conferences. We love the opportunity to learn more about what’s going on in the industry, as well as what’s on the horizon. But most importantly, we look forward to all the face-to-face conversations we have with colleagues and friends. It’s those connections that we cherish and that we missed last year.

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Health Updates

The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue Code sections 6055 and 6056. Under these new reporting rules, certain employers must provide information to the IRS about the health plan coverage they do or do not offer to their employees.  

 
The United States Department of Labor just released new FAQs on the upcoming deadline for sending notice of coverage options.  A notice to employees about the Health Insurance Marketplace must be sent by October 1st of this year.  For more on formation on this, including whether fees apply and templates for writing your notice, please visit their website here: http://www.dol.gov/ebsa/faqs/faq-noticeofcoverageoptions.html
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