When filing taxes this year, W-2 employees are expected to receive tax cuts based on their adjusted income bracket and higher standard deductions This year, qualifying independent contractors will benefit from the newly placed 20% “pass-through” tax deduction for business owners The Tax Cuts and Jobs (TCJA) which was passed by the U.S. Congress… Read more »
Employees can cost a business 18-26% more on top of their base salary in taxes and benefits Last January 31st, employers across the U.S. have distributed their employees’ W-2 form which states their wages and tax withholding. What those W-2 forms don’t show are the employer’s contribution towards taxes and benefits that they pay on… Read more »
Here’s a great article written by manufacturing technology writer Rob Spiegel for DesignNews.com on what’s next for 3D Printing: The hype is finally beginning to dissipate when it comes to the promises of 3D printing and additive manufacturing. Ok, we get it now — 3D printing can’t actually “manufacture anything.” Practicality is becoming the… Read more »
Engineering talents are scarce, yet surprising data shows that hiring Mechanical Engineers takes the longest compared to their counterparts. With unemployment hovering under 4%, hiring in general is difficult – and hiring for Mechanical Engineers is even more challenging. In a study made by Workable.com, engineering jobs take the longest time to fill. In… Read more »
This is part 2 of our quick turn prototyping series with Bill Schnoebelen – president of Circuit Case Engineering: I started my career designing automation equipment, with a machine shop in the next room. There were two things I quickly learned from this experience. The first is that designs that looked good on paper do… Read more »
More than 25% expect automation to lead to the creation of new roles in their operation Though 75 million jobs are expected to be displaced, 133 million jobs are expected to emerge with the adoption of automation The World Economic Forum released their “Future Of Jobs” report on September 2018 which laid out several trends… Read more »
As 2018 closes with one of the highest growth in labor participation, we look towards the possible employments trends that are coming in 2019, particularly those that will affect the job prospects of engineering talents: 1. Engineering hiring projected to grow up to 2026 On October 2017, the Bureau of Labor Statistics (BLS) released… Read more »
This holiday season, SoloPoint Solutions chose to donate our time and resources to help Second Harvest Food Bank. According to Second Harvest’s website, 1 in 10 people in Santa Clara and San Mateo counties receives assistance from their organization. Throughout the year, SoloPoint has been reporting of the historical low rates in unemployment, specifically in… Read more »
With 76 Baby Boomers expecting to retire within the next 20 years, the expected workforce shortage in manufacturing can be alleviated by getting the younger generation interested in engineering jobs. Bill Nye, of Bill Nye the Science Guy, once said, “There’s nothing I believe in more strongly than getting young people interested in science and… Read more »
In Part 1 of our Manufacturing Workforce spotlight, we highlight the main issue that’s causing the workforce shortage in manufacturing: The pending retirement of Baby Boomers and the disinterest among Millennials to pursue careers in manufacturing. In Part 2 of this series, Technology Review highlights the other issues that are causing the decrease in hiring… Read more »
