In the News
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."
It is a workplace problem employers may not even be aware they have, but it is becoming more of an issue in today's tight labor market, where employees often are being asked to work longer hours by companies that are struggling to fill open jobs.
"People are very rational," said Dottie Gallagher, president and CEO of the Buffalo Niagara Partnership. "They look at this and they say, 'I can’t take that overtime because I’ll hit that cliff, and I’ll lose food for my family, or I’ll lose my housing, or I’ll lose something.'
BUFFALO, N.Y. — For the third consecutive year, difficulty finding and retaining qualified talent ranked as the top concern of BNP members, with three quarters reporting that they have unfilled positions. The impact of inflation and higher interest rates raised market conditions to the second concern after spending several years further down the ranking.
Democrat Mark Poloncarz and Republican Chrissy Casilio couldn’t have been more different in their answers Thursday at a forum hosted by the Buffalo Niagara Partnership.
BUFFALO, NY (The Buffalo News) — The joint bid by Buffalo, Rochester and Syracuse to secure potentially tens of millions of dollars in federal funding for a “tech hub” faces stiff competition.
But the partners in the bid say they believe their regional approach will give them a leg up in the competition.
As family and friends come together to celebrate Labor Day and honor the working men and women who are the lifeblood of our economy, it seems appropriate to reflect on the kind of workforce our community needs now and in the future.