CARES Act and Payroll Protection Program: What IECs Need to Know

Some of the terminology that others are using to summarize the information [in the CARES act] may not match up perfectly with the nuances of our industry.

That said, there are a million summaries of this on the internet, most of which are written by people far more knowledgeable than me - so I’m not going to try to summarize it all.

Instead, I am going to share a few points that other IEC colleagues or I did not find to be obvious from the summaries. I hope this helps you! Our industry is so small that it’s difficult to find specialized information relating to our unique situations.

Increasing Efficiency and Effectiveness with a September - August Junior Year Workflow

My approach forces students to get their head in the game and start EARLY! Procrastination is not an option. This means that parents and students aren’t fighting at home (about college stuff, anyway!), because everyone is on the same page and working on the same team!

Spreading out the work in a seasonal manner also keeps my staff busy (and paid!) all year long, which lets our practice take on more clients - we have a steady flow of work without the peaks and valleys that prevent other practices from scaling. Maximizing our time in this way essentially doubles the clientele that we are able to serve in a given graduating class.

Hiring a Team Member Without Losing Your Mind

I picked up the BEST tip from one of my favorite podcasts.

It involved inserting some kind of very detailed hidden instruction within the job listing just to see the candidate is paying attention and has an eye for detail. Brilliant, right?

In retrospect, this was fantastic because anyone who wouldn’t catch this wouldn’t be a good fit, and I was able to weed ALL of those people out! I probably saved twenty hours of my time by putting this instruction in the posting. Maybe more.

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