06Jun

Welcome back to #WeAreGreenKey, where we shine a spotlight on our powerhouse team. 

We had an awesome chat with Anthony Agosto, Payroll Supervisor on the Payroll team at Green Key. Anthony has been with Green Key for over eight years and has played an integral role in the success of the payroll department. He elaborated on how smoothly his team works together, as well as how he plans to grow and improve professionally. 

How did you first get your start in Payroll? 

I had applied for a payroll position on Craigslist with no previous experience. It was an entry level position at a healthcare company working in their payroll department. I knew it was for me as soon as I got into it, as I’m very detail oriented in general. Math was always my strongest subject in school, so working with numbers came easily. I grew and improved in the role very quickly. Within a year, I was already well-versed in the organization and customer service. After a couple years, my manager left and joined Green Key, so I kind of followed him there. Within months, I was promoted from Payroll Coordinator to Payroll Supervisor. I’ve now been at Green Key for over eight years. 

What do the day-to-day responsibilities of a Payroll Supervisor entail? 

It’s a lot of team management and support. I try to continuously train my team as best as I can. I truly believe everyone should be given a fair amount of opportunities to improve themselves and resolve their mistakes. My job is to make sure my team is not only well trained, but maintains great customer service skills. That applies to both our internal recruiters and our temp employees out in the field. I’m here to keep everything organized and in line. 

How does your team work together to create a productive environment? 

Communication is key. The pandemic was difficult, but I take pride in our team right now, as they are open to learn and take constructive criticism. We have open and complete transparency with each other. This also allows us to improve our day-to-day operations based on the feedback from recruiters and temp employees. We also have a tight connection with the other back-office departments, which helps us to feel needed and respected. 

What do you believe sets Green Key apart from other agencies or organizations? 

The managing partners are welcoming and approachable. I don’t feel intimidated if I need to talk to them. Working at Green Key feels like you are part of a family. I take loyalty very seriously and this is an agency where you are both appreciated and trusted. At the end of the day, we are all on the same team and supporting each other. I am batting for you as much as I am batting for myself. 

What are your professional goals for the future? 

My professional goal is to take on bigger projects as we continue to grow. I have a great support system here with Pam [Benedetti], who is always giving me opportunities to experience tasks outside of day-to-day operations and advance to a more senior level. I am always looking to improve myself and run the department, while also managing my team and developing our systems. 

J.P. Morgan Foresees Moderate Growth, No Recession In 2020

Predicting 2020 “will be a year of moderate global growth and contained inflation, with risks skewed to the downside,” J.P. Morgan Asset Management last week released its second annual Global Alternatives Outlook.

The report offers a look across key alternative asset classes over the next year to 18-months, with a focus on hedge funds, private credit, real estate and private equity.

The broad outlook, according to J.P. Morgan, is more optimistic, if cautiously so, than economists and analysts have been in the last year or two. Says the report, “The trajectory of growth in 2020 will likely be uninspiring, with the rest of the world looking a bit better but the U.S. economy growing at a trend-like pace. The risk of recession should remain contained, but other risks may continue to build. The pace of profit growth looks set to decelerate further on the back of falling margins, which could potentially lead businesses to pull back on hiring.”

“In sum, 2020 looks to be a year of moderate growth, contained inflation and accommodative policy. While the potential for a further deterioration in corporate profitability presents a risk to this view, a recession over the next 12 months is not our base case.”

For hedge funds, the report sees opportunities from the ongoing digital transformation of industry, “fueling capex and rising demand for software and services.” Fund managers should “increase the integration of Environmental, Social and Governance (ESG) criteria and sustainability across their businesses and investment activities.” And, “Value is seen as one of our best bets.”

For private credit, “we are witnessing demand for exposure to U.S. housing and consumer credit. One popular strategy has been mortgage origination to the self-employed and those who are strong financially but are disqualified by their FICO score.” Other opportunities exist in distressed lending and non-performing bank loans and in commercial mortgage lending.

For private equity, the report sees opportunities in small private companies, those with revenues between $10 million and $100 million. In addition, “E-commerce, cybersecurity, and software-as-a-service (SaaS) are a few areas where we continue to see tremendous promise.”

For real estate the strongest US potential J.P. Morgan sees is in single-family rentals, biotech, self-storage and data centers.

Photo by Luke Chesser on Unsplash

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