An executive with Milwaukee Tool says about 750,000 people in Wisconsin are impacted by “benefits cliff-related issues,” arguing this is holding back the state’s workforce.
Graham Anderson, senior manager of marketing for the Milwaukee-based manufacturer, gave an overview of this topic yesterday during a summit hosted by Competitive Wisconsin in Eau Claire.
“Essentially when an individual begins making more money, sometimes it can be a very small amount of money, they lose all of their benefits at once,” he said. “What that represents is … once they take a promotion, once they take a higher paying job, they take a pay increase, they then have to pull back from that opportunity.”
Click here to read the full article and to see more from the event.
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