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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

In Tom Erb’s “Selling in a Crisis” webinar, he reviewed the silver linings that come with every downturn. These range from scarce, marketable talent becoming available, to the thinning of competition, how recruiters’ value as experts increases, and more.  

In times of crises, many businesses tend to panic, leading to poor decisions. Often the panic will lead business owners to stop selling and recruiting as well as slash expenses – all of which leads to decisions creating negative impacts on the business. Owners are left unprepared for the inevitable rebound.

The best course of events in the time of crises is to maintain focus and continue to sell, but tone down the message. It’s important to remember that people don’t want to be “sold,” especially now. As Jeffrey Gittomer says, “People love to buy, but hate to be sold to.”

Not only are prospects getting bombarded, they’re stressed out because of the uncertainty in the business climate, have guilt because they may be laying people off, and are worried about their families and staff.  

New information, clarifications, and updates continue to be released regarding COVID-19 relief programs, and specifically for the CARES Act, PPP Loans, and Families First Coronavirus Response Act.

Following is an overview of some of the most important updates and reminders for staffing company owners, including expenses that are forgivable under a PPP loan.

Important Updates & Reminders:

As of May 14, 2020 the US Treasury and SBA have not released the Interim Final Guidance on the PPP Loan Forgiveness. This is what we do know as of today:

Updates

April 24, 2020: An additional $310 billion in funding added to PPP.

April 15, 2020: Update to Deferral of Employer Social Security Taxes (CARES Sec. 2302)


Employers who have received a PPP loan, but whose loan has not yet been forgiven, may defer deposit and payment of the employer's share of social security tax that otherwise would be required to be made beginning on March 27, 2020 through the date the lender issues a decision to forgive the loan in accordance with paragraph (g) of section 1106 of the CARES Act.


Part of the sweeping COVID-19 relief legislation passed by Congress includes the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). This act provides more than $2 trillion in relief packages for both companies and families affected by COVID-19 pandemic. Below are a few highlighted provisions for the staffing industry:

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