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

Important Year-End Updates

2020 was a long, difficult year for many. As the year comes to a close, many are eagerly looking forward to turning the page on the calendar to 2021, and to the hope that a new year inevitably brings.

While 2020 taught us that there are some things we may not expect, there are still some changes we know and can prepare for. To help your staffing business get ready for the new year, we’ve assembled a list of important tax and minimum wage changes for 2021.

Earned Income Tax Credit Notice Information:
For 2020, you are encouraged to notify the following employees that they may be able to claim EIC on their 2020 tax returns:

Employees with one qualifying child and wages less than $41,756. The employee’s copy of Form W-2 TRICOM prepares has the required statement about the EIC on the back of the form.

There are seven states that require employers to provide some additional notification to their employees about their possible eligibility for Earned Income Tax Credit. The following states allow employers to use Federal Notice 797:

Finding New Ways to Connect

If there’s one thing the coronavirus pandemic has taught us is that we need to find new ways to connect with one another when the old methods aren’t available or as effective. We’re seeing that happening in a variety of ways from conferences migrating to virtual platforms to the uptick in video conferencing. In fact, if there’s a sliver of a silver lining to this pandemic, it’s been that more people have been focused on finding new avenues to stay connected in more meaningful ways.

This “new normal” for business (and frankly, all) relationships has shown us that there is a great need for human interaction.

Shelly Wilkinson, TRICOM Director of Sales, has noticed that in the twenty-five plus years that she’s been in sales, she’s seen more and more of a focus on human-to-human connection since the onset of the pandemic. Shelly explained, “When we realized the work from home status was going to last longer than originally anticipated, I started doing more Zoom calls with my team in an effort to keep our close-knit relationships in place and at least ‘see’ each other instead of just a voice on the other end of the phone.”

The Tornado Economy & What Will Drive a Strong Q4

TRICOM’s CEO, Julie Ann Bittner, recently caught up with Tom Erb, President of Tallann Resources, to share observations on what’s happening in the staffing industry. Since we’re still under the “new normal” (the phrase that makes everyone cringe now!), a Zoom call was in order.

Julie Ann asked Tom for his insight on what’s going on in the industry now, changes he’s seeing and perspectives staffing owners may not have thought about since the onset of the pandemic.

Tom sees the remainder of 2020 to be positive in most areas, even though we are in “weird,” unprecedented times. There’s a Tornado Economy happening whereby the economy isn’t hitting some areas but is hitting others. Tom commented that many of his staffing clients are actually on pace to have their best year yet. He’s also seeing that there are more orders than there are people to fill them. While some markets are coming back slower than others, Q4 and into 2021 is poised to be strong, provided there are no hiccups going in to flu season. Even though flu season is around the corner, we should be better prepared than we were back in March.