Is the Debt Worth the Degree?

Employco USA

Employment expert weighs in on how Skilled Workers fare Vs. College Grads

College Grad“We have this idea in our society that a college degree is the gateway to financial freedom and success, says Rob Wilson, employment trends expert and President of Employco USA. “But the statistics don’t necessarily bear that out. Most college grads end up moving home after graduation to live with their parents, and it takes several months or more for them to find a job. In many cases, that job won’t be in their field of interest, and these young people end up spending a good chunk of their paycheck paying off their hefty student loans.”

In contrast, Wilson says that skilled trade workers make $50,000 a year (similar to a new college graduate’s annual salary), and they have around $2,500 in student loan debt as opposed to $37,000.

Wilson says, “Getting a 2-year degree can be a very smart move for many Americans. Baby boomers are retiring in droves, and as they do so, they will be leaving many of their jobs in skilled trades like carpentry and electrical work. Companies will need trained workers to replace this staff, and those few that can fill these positions will be in high demand. Alternatively, a college graduate with a degree in communications will be competing with millions of other equally qualified and motivated young people with similar degrees.”

So does Wilson think a college degree is not worth the debt?

“It really depends on your goals,” says Wilson. “Some careers certainly will require a 4-year degree. However, the reality is that we need skilled workers in this country, and companies are willing to pay good money to get that. Some will even pay for your training…meaning you can actually get paid to learn invaluable job skills that will look good on your resume no matter what career you end up choosing.”

For more on this topic, please contact Rob Wilson at rwilson@thewilsoncompanies.com.

What Managers Can Learn from the Steve Harvey Memo Fiasco

Employco USA

Human resources expert explains where Harvey went wrong, and how managers should confront problematic open-door policies

Television host and comedian Steve Harvey has been lambasted in the media for his memo to employees, excerpts of which include “Do not approach me in the makeup chair,” “Do not open my dressing room door,” and “I want the ambushing to stop now.”

Rob Wilson, human resources expert and President of Employco USA, says, “Perhaps Harvey could have worded his memo a bit better, but he does raise a valid issue. An open-door policy is not applicable for every office environment, and for many workers, such as those with ADHD or other learning differences, constant, unplanned interruptions can really impede their ability to concentrate and get things done.”

Here, Wilson reveals some ideas for workers and managers who are struggling with this very same issue:

Encourage employees to proceed with caution. “Open door policies can work depending on the company’s culture, size, and if the executive’s time allows for it.  It helps to win employees’ trust, and it makes the office feel more like a team and less like a dictatorship.  However, when possible, it is more efficient to create a policy that encourages employees to bring issues, ideas and complaints to supervisors and lower-level managers before they head straight to the CEO. If a CEO is putting out small fires all day, they can’t tend to the real work of running the firm.”

Schedule regular, ongoing meetings. “If allowing for open door policy is too disruptive, management should schedule ongoing meetings with different types of employees to ask for feedback and suggestions for improvement.”

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Here’s How Trumpcare Is Going to Impact the Average American

Employco USA

Group insurance expert reveals what Americans can expect

American Health Care ActPresident Trump’s American Healthcare Act is under ever-increasing scrutiny from politicians and pundits alike. However, misunderstandings and oversights have been rife when it comes to the way many Americans talk about the Republican healthcare bill, says Rob Wilson, group health insurance expert and President of Employco USA.

Here, Wilson identifies key part parts of ‘Trumpcare’ which he believes are important for Americans to become aware of:

  • Elimination of the employer and individual mandates: “It will no longer be a requirement for anyone (such as young, healthy people) to have for health insurance. And, the elimination of penalties means that they will not be penalized if they decide if they would rather spend their hard-earned money elsewhere.”
  • A 30% surcharge to premium cost for lapse of coverage over 60 days: “This will allow insurers to charge people who drop in and out of the market, which will help to keep costs fair and encourage people to keep their health insurance intact.”
  • Repeal tax on over-the-counter medicine: “This will be a nice boon for consumers.”
  • Repeal of tax increase on Health Savings Accounts and increase in maximum contribution for HSA accounts: “This will remove the excess penalty if Americans need to use their HSA for costs other than healthcare bills, and the increase in max contributions will also offer tax benefits for Americans, as these funds are 100 percent tax-deductible.”
  • Repeal of Medical Device Excise Tax: “A $20 billion tax cut, this will help to increase lower costs for manufacturers and breathe life back into states such as Indiana where medical device manufacturing is a multi-billion dollar industry.”
  • Repeal of increased Medicare tax: “Removing the 0.9% Medicare payroll tax on any money Americans earn above $250,000 will be a relief for many Americans.”
  • Repeal of tax on Prescription Medications: “This will amount to a $28 billion tax cut,” he says. “It will lessen the burden on Americans who purchase prescriptions each month, and it will allow drug companies to spend more money on research, production and development of medications.”
  • Repeal of Tanning Tax: “That 10 percent federal tanning tax is going away,” says Wilson.
  • Cadillac tax would not go in to effect until Dec 31, 2025: “The astronomical tax is now being delayed until 2025, which will lift a huge burden on consumers.”

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Going Back to Work After a Workplace Shooting

Employco USA

Employment expert explains HR procedure after an act of violence at the office

workplaceLast week Cedric Anderson brought a gun to his wife’s school in San Bernardino, killing her and a special-needs student in the crossfire. Classes resume today for the first time since the horrific crime. But as the community tries to put the pieces back together, Americans are once again left wondering if their schools and their workplaces are safe.

“Many people worry about the children in these situations, as well they should, but we tend to forget the overwhelming reality that the teachers and school staff are confronted with. They have to put on a brave face and make everything okay for the kids, even as they might be dealing with anxiety, dread and even PTSD,” says Rob Wilson, CEO of Employco USA, “Workplace violence is a growing concern in this country, from the 2016 shooting at a Kansas lawncare company, to the 2016 San Bernardino mass shooting, to the WDBJ-TV shooting which occurred on-air. These shootings seem to be on the rise, and when acts of senseless violence like this occur, it robs us of a sense of security in our workplaces and beyond.”

Here, Wilson outlines the steps that an employer should take in the event of workplace violence:

1)      Put emergency guidelines in your handbook. “Make sure that your employee handbook offers procedures on how to handle the unthinkable. We have everything from fire drills to tornado drills, we should also have steps in place for how to handle a mass shooting. If possible, you can even discuss these steps with a local law enforcement officer to help to ensure that the best procedures are given to your employees.”

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The Age Penalty in the GOP Health Bill: Will Seniors be Stuck with a Bigger Bill?

Employco USA

Group employment insurance expert weighs in

Many Americans are upset that older people are going to face a ‘age penalty’ under President Trump’s healthcare plan, but not everyone sees the situation as problematic. In fact, some experts think that it won’t be the unfair cost that Americans fear it will be.

Rob Wilson, President of Employco USA and group employment insurance expert says, “For many years, insurers have been able to charge older people higher premiums, as it is understood that they will generally have higher health costs and require more doctor’s visits. This reality has been folded into insurance costs for older people for a significant period of time, so President Trump’s so-called age penalty won’t be changing things too much. The only difference is that Obamacare only allowed insurers to charge older folks three times as much as they what they would charge other people for the same coverage, whereas President Trump’s plan allows for them to charge up to five times as much.”

Still, Wilson doesn’t believe that this means that millennials will be getting a free ride, as he explains that President Trump’s  “continuous health insurance coverage incentive” will hit younger people the hardest.

“Younger people are disproportionately likely to suffer a lapse in insurance coverage,” says Wilson. “And President Trump is asking that people who drop in and out of the insurance market be faced with penalties for doing so. This continuous coverage incentive applies to anyone who opts to go without insurance for longer than 63 days and then desires to resume coverage. The idea is that young people can’t cherry-pick when they want insurance, leaving older folks stuck with a hefty bill.”

For more on this topic, please contact Rob Wilson at rwilson@thewilsoncompanies.com.

The Truth About Health Insurance Penalty Within the American Health Care Act

Employco USA

Group health insurance expert weighs in

American Health Care ActThe American Health Care Act is President Trump’s answer to President Obama’s hotly-debated Affordable Care Act. While many political experts are excited about the new plan, others wonder if the proposed penalty is similar in nature to the dreaded Obamacare penalties, which many complained laid an undue financial hardship on those least able to foot the bill.

Rob Wilson, group health insurance expert and President of Employco USA, says, “President Trump’s plan is exciting for employers for many reasons, including the removal of the taxes, the mandate penalties and the subsidies that were a cornerstone of Obamacare. As for the new proposed penalty, it only applies to anyone who opts to go without insurance for longer than 63 days and then desires to resume coverage.”

The purpose of this penalty, Wilson explains, is to keep people from dropping in out and of the market. However, it also allows for healthy individuals to opt not to buy a healthcare plan if they so desire.

“Part of the problem with Obamacare was that it forced people to buy coverage even when they did not need it or use it,” says Wilson. “Under President Trump’s plan, people can opt to buy insurance only when they actually need it. Even if a person were to take a penalty for not buying insurance and retaining it, it would still amount to less under The American Health Care Act than Affordable Care Act, so Americans still save big.”

For more on this topic, please contact Rob Wilson at rwilson@thewilsoncompanies.com.

Tips to Combat Poor Productivity and Absenteeism During March Madness

Employco USA

basketball-2022861_1280Recent statistics reveal that March Madness has become more popular than ever before, thanks in large part to the worldwide betting that takes place. Over 60 million people are expected to fill out brackets this year, with an estimated $10 million being put on the table. However, there is another cost which people may not expect: a downturn in employee productivity.

“March Madness can be a drain on a company’s time and resources,” says Rob Wilson, employment trends Expert and President of Employco USA. “With millions of Americans filling out brackets and managing their bets, you can bet that employee productivity takes a hit during this time of year.”

In fact, research shows that lost wages caused by employee distraction and poor productivity during March Madness could amount to losses of up to $1.9 billion!

Wilson says, “Between filling out brackets, researching picks, watching the games, and then calling in sick or skipping work due to game days or hangovers, you are looking at a sharp downturn in employee performance. Luckily there are some ways you can manage this common nationwide issue.”

Wilson offers these tips:

Offer computers for personal use. “Make sure that you are keeping a close eye on your employees’ Internet usage,” says Wilson. “Any time employees have free, unfettered access to the Web, you are going to be looking at a decrease in employee productivity. Here’s an alternative: Offer your employees one to two computers for personal use during their breaks. Make sure the computers are in a public area and have a sign-in sheet to ensure that everyone will get a fair chance to use the computers and that people do not use them for extended periods of time. That way, if anyone needs to check their personal e-mail or use the Internet on their lunch break, they don’t need to use their official work computers.”

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Employco USA names Gerri LeCompte vice president

Employco USA

Gerri LeCompteA human resource and employment solutions firm, Employco USA promoted an employee to vice president of payroll services.

In this new position, Gerri LeCompte will be helping the firm as it stays on the cutting edge of payroll technology to take on more business.

“Gerri has been an integral part of our team – overseeing payroll operations for our clients. Within the trade show sector, Gerri saw the need for processing union fringes and the opportunity to set Employco apart from the competition. Gerri’s dedication to our clients is what our company strives for,” said Rob Wilson, CEO, Employco.

LeCompte attended St. Xavier University for Liberal Studies, with a focus in Business and Accounting. She has worked with notable firms, such as Hinckley Springs and National Van Lines. She started work at Employco as a payroll clerk in 1999. A year later she took on a roll that focused more on client/union contract maintenance, benefit payments, and audits. And, in 2002 she was promoted to payroll supervisor. She has seen much growth and positive change over the last 18 years with the company and is excited to step into her new position.

“I am honored to have been entrusted with such an important role within the company. I look forward to helping Employco rise above the competition in quality of service as we continue to grow in our industry.”

LeCompte has been married for 16 years and lives in the southwest suburbs of Chicago with her husband and two children, ages 8 and 10. She is very involved in her children’s school and sport organizations, and enjoys spending time with her family and friends in her free time.

For more information, please contact Rob Wilson at (630) 286-7345 or rwilson@employco.com.