Newsletter TEAM Concepts November 2014

Start Preparing for 2015 By Maria Martinez

Getting on The Team

Its hard to believe that 2014 is about 45 days away from coming to a close. This has been a difficult year for many as far as the economy, transitions, and coping with the ups and downs that make up our daily lives. We set out at the beginning of each year with great intentions to fulfill each, and everyone of our new years resolutions. Some of which we may have accomplished, and some that we just were not able to get to. Life is a series of planning and adjusting and even readjusting to fill in all of the blanks that we must fill in. Now with 39 days to go it is a great time to inspect 2014 and its accomplish-ments, and plan for a successful 2015.

Unemployment Rates in 2015 ?

According to the department of Labor and Employment Data, the unemployment rate will likely bounce around 6% for a while, gradually declining to around 5.6% by the end of the 2015. At the same time, the abnormally large number of long-term unemployed will con-tinue to decline more rapidly than feared, though it is still likely to take years before it reaches a more typical figure. It’s worth noting that the drop in the unemployment rate to 5.9% in September occurred for both good and bad reasons. On the negative side: More people left the labor force or never joined it in the first place, especially among the less-educated sector of the population. That’s possibly an indication of their discouragement with the quality of jobs available to them. On the positive: Fewer workers were laid off than in previous months. Tempering that, however, is the lack of wage growth in September. The labor market is simply not tightening enough to push wages, and therefore incomes, up. We expect that situation to continue for many months yet, as more discouraged workers come back into the labor force. If, however, the labor force continues to grow as slowly as it has been up only 389,000 over the past 12 months — the market will tighten sooner than expected and wages will start to rise. That could choke off the economic expansion. Part of the sluggishness in labor force growth is that it’s taking longer than anticipated for the in-crease in job openings and the decrease in the jobless rate to encourage folks who have given up looking to jump back into the hunt. But part is also the large numbers of baby boomers who are reaching retirement age. Long rates are likely to jump some months before that happens, however possibly by as much as half a percentage point. When investors begin to sense that a move by the Fed on short-term rates is imminent, nervousness about the impact will push long rates higher, just as anxiety about an imminent reduction in the Fed’s monthly bond buying binge kicked bond yields higher in mid-2013. But just as rates stabilized once the tapering off of the bond buying actually began, they will do so again once it becomes clear that the Fed won’t jerk rates sharply higher. By the end of 2015, figure on a federal funds rate of about 0.75% and 10-year Treasuries running in the neighborhood of 3.2%, up from about 2.5% at the end of this year.

YOU ARE WHAT YOU THINK!

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Volume IV Issue IV November 2014

Purchasing Temporary to Hire: $16 + w/ experience / Administrative Mgr Construction $20 + experience in all phases of back office, SAP /Sales: Counter, excel, distribution $15 Sales: Print-ing, Design, CSR - $16 Magenta Administrative, design, implement contract. $15+ / Receptionist Bilingual, with great customer service.

TOP 10 JOBS FOR THE NEXT DECADE

According to research from World Wide Learn and the Bureau of Labor Statistics there is a list of the up and coming jobs for the next decade.

For students it is important to understand what kind of working environment will prevail. Of course all of this could change depending on fac-

tors that may arise as the years go by.

1. Computer Programmer

Even though many American companies actively recruit overseas workers for programming jobs, there is still plenty of work for qualified com-

puter specialists right here in the United States. Security breaches and concerns about potential terrorism have heightened security at many com-

panies.

2. Day Care Provider

Until recently, many day care providers struggled with low wages, high stress, and poor job security. With the explosive demand for quality

child care, however, many parents are now willing to pay higher premiums to facilities with excellent reputations and strong learning programs.

3. Elder Care Specialist

The parents of Baby Boomers relied on large families to share the burden of caring for elderly loved ones. With fewer children to care for them,

the Baby Boomers are turning, in record numbers, to professionally operated assisted living facilities.

4. Employment Specialist The U.S. Department of Labor identifies "employment placement specialist" as one of the fastest-growing specialties of the coming decade. For

people with strong interpersonal skills and a wide range of interests, this position offers the opportunity to connect eager employers with quali-

fied workers. Not only does this career offer significant job satisfaction, it usually pays a commission on the income of placed workers. There-

fore, a busy employment specialist can earn a significant income by using her natural matchmaking talents.

5. Environmental Engineer

With the rapid growth of previously small communities all across the country, many local governments and private developers must wrestle with

the challenges of rising populations. At the same time, many of our country's more established cities and towns must cope with crumbling infra-

structure, such as outdated water and sewer lines or failing electrical supplies.

Environmental engineers play an important role in every community. They oversee new construction and renovation.

6. Home Health Aide

Many aging Baby Boomers intend to live in their own homes for as long as possible. Likewise, many people who suffer from injuries or illness

can avoid the huge expenses of a long hospital stay by recuperating at home. Both of these populations rely heavily on the work of home health

aides to maintain their well being.

7. Management Consultant

A growing number of companies prefer to seek outside help with specialized problems or challenges, rather than attempt to keep experts on their

own staffs. As a result, consultants who build reputations for solving client problems can earn significant income by dropping in on clients

around the world.

8. Networking Specialist

Unlike a traditional computer programmer, who focuses on solving problems with software, a networking specialist must figure out how to keep

all of the various devices in an organization connected to each other. As networking grew from an offshoot of computer engineering into its own

specialty, many professionals learned how to efficiently manage a company's information flow through hidden cables and routers.

9. Physician's Assistant

Students who enjoy medicine but do not wish to pursue a full medical degree can launch careers as physician's assistants after only a few years

of training. They perform tests, file reports and handle other routine tasks, freeing up doctors to spend more time diagnosing illnesses and re-

searching cures. In some states, physician's assistants can even prescribe medication. An online physician assistant master's program can qualify

you for one of these upper-level roles.

10. Social Services Coordinator

With more senior citizens applying for government benefits and many families leaving large cities for smaller towns, many government agen-

cies and non-profit organizations seek qualified social services coordinators. These specialists assure that residents of a community can take full

advantage of assistance programs.

As we look ahead into the next century, leaders will be those who empower others.

~Bill Gates

With the figures estimated above, where do you see yourself retiring in the future? With Social Security benefits? The answer may not be as easy as you think. Many people don't realize that the exact age they are when they begin taking Social Security benefits determines the percentage of benefits they will actually receive. The key to the answer lies in what is considered your "full retirement age." It used to be that you could retire "early" by collecting reduced benefits starting at age 62 or you could wait until you were 65. But now, depending on the year you were born, you will not reach your full retirement age until between 65 and 67. People born in 1937 or earlier reach "full retirement age" at 65. From 1938 on, it rises gradually to age 67. You even have an option of delaying your benefits past your full retirement age, thereby locking into an even higher monthly check. If you plan on work-ing during retirement, you may want to delay benefits, as your earnings could negatively affect the amount. However, there are also instances where taking early benefits will most likely pay off. If you start collecting at the earliest opportunity -- age 62 -- you'll receive a permanently reduced benefit, but you could make out better overall if you live long enough to offset the reduction. If you wait until your full retirement age, you can collect 100 percent of your benefit. Determining which option is right for you depends on a number of variables, including your life expectancy, financial picture and -- according to econo-mists at the Center for Retirement Research -- gender and marital status. Put it off Generally, financial advisers say it's best to postpone Social Security benefits as long as possible, at least until your full retirement age as determined by the Social Security Administration, or SSA. Social Security is like longevity insurance," says Brent Neiser, a Certified Financial Planner and director of the National Endowment for Financial Education. "It's a stream of payments that will not stop throughout your life, so delaying your benefits to keep those payments as large as possible forms a helpful base to your retirement plan." In fact, he notes, those who undersaved for retirement should use whatever means possible to postpone their Social Security benefits until after their retirement age to help boost future income. If your full retirement age is 66, for example, you'll receive 108 percent of your monthly benefit by delaying Social Security until age 67. If you wait until age 70, it jumps to 132 percent."You can use personal savings to help bridge the gap, but ideally you should plan to work a little longer (and delay Social Security)," says Neiser. "Not only does that save you money -- since you're not drawing money down from your retirement accounts -- but you're potentially adding more to it. Plus, you'll collect larger Social Security benefits (down the road.)" Another benefit of working longer? Medicare. Aging Americans become eligible for federal health insurance coverage at age 65. "If you stop working at age 62 and lose health insurance, you have to get supplemental insurance to bridge the gap until you turn 65 and Medicare kicks in," says Neiser. Paying for such insurance can quickly deplete your savings. Do you plan to work during retirement? If so, you have another incentive to delay collecting Social Security. Earning too much at a job after you begin collecting Social Security can negatively affect your benefit. If you are under full retirement age for the entire year, the government deducts $1 from your benefit payment for every $2 you earn above the annual limit. For 2007, that limit is $12,960.

Start the Process - 2014 Accomplished, Left Not Done 2015 To Accomplish, Added from 2014

If your full retirement age is 67, your Social Security benefit is reduced by: 30% if you start collecting at 62. 25% if you start collect-

ing at 63. 20% if you start collecting at 64. 13.3% if you start collecting at 65. 6.7% percent if you start collecting at 66.

2014

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TEAM Concepts is one of the leading staffing providers

in the South Florida area. We work closely with our cli-

ent corporations to provide the best talent in today’s

competitive marketplace. Our goal is to build long term

partnerships with our clients. We are a local, Woman

Owned business established in 1995. Unlike national

competitors we reinvest our resources in the surrounding

community. We offer state of the art technology and un-

paralleled resources that allow us to deliver more tar-

geted results and faster service to our clients. We have

the flexibility and personalized service that can only come

from working with an established South

Florida firm.

6600 Cow Pen Road Suite 110

Miami Lakes, Florida 33014

305 821 6200 - Dade

954 474 TEAM - Broward

305 821 9211 - Fax

www.teamconceptscorp.com

PRESIDENT

Cheryle Painter

[email protected]

VP of OPERATIONS

Dianne Middleton

[email protected]

VP of Human Resources

Barbara R. Ramirez

[email protected]

CONTROLLER

Belkys C. Horner

[email protected]

REGIONAL MARKET MANAGER

Maria Martinez

[email protected]

SR. RECRUITER

Christy Sosa

[email protected]

JR. RECRUITER

Jessica Solis

[email protected]

From All of Us At

TEAM CONCEPTS

Happy Thanksgiving 2014