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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 Bittner, 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

There’s been a lot of talk about the economy lately. From inflation to employment, wages, rising interest rates, and more, 2022 is starting out as a year where the economy is set to take center stage.

Recently, TRICOM’s President / CEO Julie Ann Bittner sat down with Jason Turner, Chief Investment Strategist of Great Lakes Advisors to talk about the economic outlook as it stands today. They discussed what it tells us about the current environment and what the year may bring in terms of changes and trends. Jason also addressed questions such as:

What is “the Great Resignation” of 2021 and how is it impacting employment supply and demand?

Will wages increase to meet the shortfall between job openings and hiring as well as workers demands due to the rising cost of living?

What is the media not talking about?

Earlier this month, Julie Ann and Jason sat down to discuss the topic that’s been on everyone’s mind lately: the economy.

After facing another tumultuous year, we’re getting ready to wrap up 2021 and are looking to 2022 with hope and anticipation. If there’s anything we’ve learned over the last two years, it’s that sometimes it can be hard to know what to expect.

That’s why it’s important to be prepared for the changes we know are coming — specifically tax and wage changes.

We’ve put together a list of the top changes that you’ll need to prepare your staffing business for 2022. From minimum wage increases, to states with changing tax tables, to Earned Income tax credit notice requirements, we’ve collected the information you need to face the tax changes coming in 2022 with confidence.

Earned Income Tax Credit Notice Information:
For 2021, you are encouraged to notify the following employees that they may be able to claim EIC on their 2021 tax returns:

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?

Julie Ann Bittner, TRICOM President & CEO, spoke with Adrianne Nelson, Staffing Industry Analysts Senior Director of Global Membership Products, in this month’s Insights With Insiders podcast to discuss the research and trends propelling the staffing industry into the next year.

Adrianne reveals staffing segments that are growth drivers, as well as those struggling to make a comeback and suggestions on breaking into new segments. Adrianne and Julie Ann also look at how automation and staffing platforms are transforming the industry, as well as lessons learned from COVID including trends in remote work and e-commerce, and vaccine mandates.

You’ll want to listen to the podcast for the full details, but in the meantime, we’ve outlined some key points.

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