The HR Side of Preparing for a Recession

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Employment trends expert Rob Wilson weighs in on how employers can prepare for a recession

Recession

While many people were encouraged by the positive jobs report at the beginning of the month, other experts say that we should brace ourselves for the possible reality of another recession.

“The fact that we added so many jobs in June is wonderful news, but it can also be very misleading,” says Rob Wilson of Employco USA, an employment solutions firm with locations across the country. “I think part of the reason why we gained so many jobs at the start of the summer is that many college-aged kids and young people took summer work, but when fall hits, I think we may have disappointing numbers again.”

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Podcast: The HR Side of Preparing for a Recession

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On this month’s HR podcast Rob, Scott, and Jason cover the HR side of preparing for a recession, “we’d rather be out in front of it than be behind it.” They discuss recent stats and figures, triggering effects, wages not keeping up with inflation, the decline in consumer spending, tips on planning ahead, reducing costs, outsourcing your HR and benefits, succession planning, open communication, building trust and transparency, and more!

The HR Side of Preparing for a Recession

Contact us with any questions you may have, we’re here to help: hr@employco.com

Employco USA’s Newest Location in Miami, FL

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Employco USA announces the opening of their newest location at 1221 Brickell Avenue, Miami, Florida.

HR Solutions for Businesses

“Florida has always been an important state for Employco since our first acquisition in 2010. With the new location in the heart of downtown Miami, we look to continue our growth with a concentration in Southeast Florida as well as our expanded presence in Puerto Rico,” says Rob Wilson, President of Employco USA.

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RECORDING: HR Compliance Mid-Year Checkup

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Webinar Recording

Did you miss Employco’s most recent webinar or would you like to review a portion? The full webinar recording can be viewed here along with all of the questions and answers that followed: WEBINAR: HR Compliance Mid-Year Checkup

Webinar Recording

You can view/download the slides we used during the presentation as a PDF here: WEBINAR: Presentation Slides

Please do not hesitate to reach out if there are any questions you still have or topics you were unclear on. We’re here to help!

Employco USA Welcomes Two New Team Members

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A human resource and employment solutions firm, Employco USA is pleased to announce the growing expansion of its staff.

Employco’s newest team members include:

Katie ClancyKatie Clancy, HR Generalist – Katie is a creative and enthusiastic addition to our team. She will be handling HR support and her duties will include employee relations, training, and benefits for our Employco clients.

As Albus Dumbledore once said, “Help will always be given at Hogwarts to those who ask for it.” This was my first impression of Employco, which makes me excited to join the growing team! –Katie

Kristen KellyKristen Kelly, Payroll Specialist – Kristen is hard-working, dedicated and brings a coveted set of HR, accounting and payroll skills to our team. She will be handling payroll support for Employco clients.

After 17 years with my previous employer, I am looking forward to a change of scenery! –Kristen

 

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HR Newsletter: Price Comparison Tool Required for 2023 Plan Years

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Price Comparison Tool Required for 2023 Plan Years

Effective for plan years beginning on or after Jan. 1, 2023, group health plans and health insurance issuers must make an internet-based price comparison tool available to participants, beneficiaries and enrollees. This requirement comes from final rules regarding transparency in coverage (TiC Final Rules) that were issued by the Departments of Labor, Health and Human Services and the Treasury (Departments) in November 2020.

According to the Departments, this tool will provide consumers with real-time estimates of their cost-sharing liability from different providers for covered items and services, including prescription drugs, so they can shop and compare prices before receiving care.

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HR Newsletter: Guidance on Artificial Intelligence and Discriminatory Hiring Decisions

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Guidance on Artificial Intelligence and Discriminatory Hiring Decisions

The Equal Employment Opportunity Commission (EEOC) and the U.S. Department of Justice (DOJ) each recently issued new technical assistance documents about how employers’ use of artificial intelligence (AI) and other software tools to make employment decisions may result in unlawful disability discrimination under the Americans with Disabilities Act (ADA).

EEOC Guidance – The EEOC’s new guidance focuses on the following three ways an employer’s use of software tools for employment decisions may violate the ADA:

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HR Newsletter: Proposed Overtime Rule Expected in October

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Proposed Overtime Rule Expected in October

In its recent spring regulatory agenda, the U.S. Department of Labor (DOL) announced its plans to issue a proposed overtime rule in October 2022. According to the agency’s regulatory agenda, this proposed rule is expected to address how to implement the exemption of executive, administrative and professional employees from the Fair Labor Standards Act’s (FLSA) minimum wage and overtime requirements.

The DOL provided a similar notice last fall but has yet to specify what changes it may be considering. In recent years, some experts note that the agency has contemplated modifying the duties test and salary thresholds for exempt employees.

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HR Newsletter: How to Prepare Your Business for an Active Shooter

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How to Prepare Your Business for an Active Shooter

In light of the recent tragic shooting at a Fourth of July parade in Highland Park, Illinois, employers can take this opportunity to prepare their business for an active shooter. These incidents have become increasingly common in the United States. According to the FBI, the number of active shooter incidents jumped by 96.8% between 2017 (31 incidents) and 2021 (61 incidents). These incidents have also grown in severity, with 3 out of the 5 deadliest mass shootings in U.S. history occurring in the past decade.

Active shooter incidents can carry various consequences. These incidents often result in fatalities, serious injuries and prolonged trauma among those involved. Additionally, such incidents can leave lasting impacts on the locations where they occur, such as workplaces. Organizations that encounter active shooter incidents could face substantial recovery expenses, regulatory penalties and liability concerns, along with lasting effects on the employees and the work environment.

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HR Newsletter: New Attraction and Retention Quarterly Newsletter

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New Attraction and Retention Quarterly Newsletter

We recently released our 3rd quarter Attraction and Retention Newsletter. This edition of the newsletter includes the following information:

  • Employee Quits Remain High While Job Growth Continues
  • Attracting and Retaining Employees During the Great Reshuffle
  • Developing an Employee Retention Strategy
  • Workplace Outlook Including Recent BLS Data

Click on the following link to read the Attraction & Retention Quarterly Newsletter where we elaborate on each of the topics above.

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