WORKFORCE MANAGEMENT

NewCo Capital Group Pays Special Bonuses having maintained full salaries and benefits packages through the difficult and ongoing pandemic.

NewCo Capital Group, LLC | January 17, 2022

Employee Productivity News
NewCo Capital Group ("NewCo" or the "Company"), a leading provider of services, tools and capital to the SMB ecosystem that fosters growth for small-medium business across the United States, announced it completed paying special bonuses while increasing existing compensation packages to current employees all of whom are greatly appreciated and valued within the organization.

Over the last 18 months, no employees were asked to take temporary pay reductions as NewCo Capital Group understands that its employees and contractors are the core competencies that define the exceptionalism for which the organization is known. Unlike some of its lesser counterparts, at no time did NewCo need to furlough any employees during the pandemic. Furthermore, the organization believes that it had a responsibility to assist its employees during this difficult time. The Company believes that its action to pay special bonuses and increase compensation packages are consistent with the organization's values and culture.

The organization believes that it had a responsibility to assist its employees during this difficult time.

In December 2020, CNBC reported that a MagnifyMoney survey revealed that roughly 1 in 3 full-time workers experienced a pay cut due to the coronavirus pandemic. NewCo believes that not only did most companies not pay any special bonuses to their employees, some providers of capital unfortunately forced pay reductions of at least 10 percent on their already underpaid staff.

"We founded NewCo to promote a sustainable-funding solution for small business owners while providing greater opportunities for our employees and contractors alike. Newco's delivery on that promise is consistent with that mission and we're proud to be a citadel during these difficult times. Our values and corporate culture continues to guide us and NewCo will continue to deliver an exceptional product and retain its position and influence as a Preferred Merchant Cash Advance provider within the industry."

- Albert Gahfi, CEO of NewCo

About NewCo Capital Group, LLC
NewCo Capital Group is an Alternative Finance company specializing in MCA Bridge-Capital. As a Preferred Provider, the company is focused on fostering growth within the Small and Midsize Business (SMB) ecosystem. We are passionate about providing fast and easy access to capital for small businesses to help them grow, scale and create jobs. Our technology, proprietary methods and extensive experience is what differentiates us allowing us to maintain our competitive edge and continue to provide value to our Merchants and employees alike.

Spotlight

In 1997, a groundbreaking McKinsey study exposed workforce vulnerabilities for human resource teams in their book, "The War for Talent," yet almost 20 years later as the human capital field is desperate for a revolution, most organizations are not prepared for battle. The dynamics of talent’s low supply and high demand are playing out across the globe, affecting every industry sector and continent. A recent study from PwC called "Redefining Business Success in a Changing World" found that 72% of CEOs are concerned about the availability of key skills and 48% are planning to increase headcount1.


Other News
TALENT MANAGEMENT

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SkyHive | September 05, 2022

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EMPLOYEE BENEFITS,WORKERS COMPENSATION

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Salary.com | August 25, 2022

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REMOTE WORKFORCE

Marginalized Employees Say Remote Work is More Equitable, but at the Cost of Hiding Their Authentic Selves

Software Advice | July 07, 2022

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TALENT ACQUISITION

Alorica Hires Industry HR Leader Asma Sultana as Vice President of Corporate Talent Acquisition

Alorica | July 08, 2022

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Sultana will work closely with Alorica’s executive leadership team to create customized recruitment strategies and help orchestrate the entire hiring process from beginning to end. About Alorica Alorica creates insanely great digital customer experiences at scale. Our team of 100,000 solutionists, technologists and operators partner with global brands and disruptive innovators to deliver digitally-charged, tailored interactions customers crave. With a track record of creating long-term loyalty, Alorica brings actionable insights, proven processes and CX leadership to transform clients’ business needs, whether they’re focused on digital optimization, customer engagement or market expansion. Through strategic partnerships with best-in-breed technology, we design, integrate and optimize digital solutions personalized to reach clients’ most desired outcomes now and for the future. Alorica drives CX innovation for the best clients around the globe from its award-winning operations in 16 countries worldwide. To learn more, visit www.alorica.com.

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Spotlight

In 1997, a groundbreaking McKinsey study exposed workforce vulnerabilities for human resource teams in their book, "The War for Talent," yet almost 20 years later as the human capital field is desperate for a revolution, most organizations are not prepared for battle. The dynamics of talent’s low supply and high demand are playing out across the globe, affecting every industry sector and continent. A recent study from PwC called "Redefining Business Success in a Changing World" found that 72% of CEOs are concerned about the availability of key skills and 48% are planning to increase headcount1.

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