In the News
Note to Albany: Pushing workers over ‘benefits cliff’ makes no sense
Blog Categories
BUFFALO, N.Y. (The Buffalo News) — If the moral imperative of making work pay doesn’t prompt compensation adequate for a decent life – and clearly it often doesn’t – maybe the impact on the economy of penalizing workers for bettering themselves will change some minds.
That’s the idea behind state legislation being pushed by business groups and others to address the “benefits cliff” that is contributing to the region’s hiring woes.
“The increase in wages is not enough to make up for the financial value of these lost benefits,” especially if the cuts occur all at once, said Grant Loomis, VP of government affairs and economic development at the Buffalo Niagara Partnership.
That makes it counterproductive for some workers to take jobs or promotions.
Related Posts
David Robinson: Hiring stagnates as companies come to grips with an uncertain economy
BUFFALO, N.Y. (The Buffalo News) —Just when it looked like hiring was starting to pick up across the Buffalo Niagara region, it stalled out again. A Buffalo Niagara Partnership survey this fall found that finding and retaining qualified talent was their biggest concern, trumping rising labor costs, which ranked as the second-biggest challenge.
Employees face financial peril with ‘benefits cliff’
BUFFALO, N.Y. (The Buffalo News) —When can a raise, a promotion, or more work hours be a bad thing for employees?When it pushes them over the “benefits cliff.”
Worker shortage top of mind for employers
BUFFALO, N.Y. (Buffalo News) — With the region’s unemployment rate running at historic lows, companies are scrambling to recruit and keep talent. But it’s a complex problem for employers to solve.
Are Buffalo Niagara employers embracing diversity?
BUFFALO, N.Y. (Buffalo News) — Local employers are making headway on diversity, equity and inclusion, but they’ve still got work to do. Those are some of the themes from the latest assessment by the Buffalo Niagara Partnership, two years after the business group conducted an initial survey.