Berkshire Money Management Team Receives Payroll Plus-up Bonus

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DALTON, Mass. — The Berkshire Money Management team received "the rent is too damn high" payroll plus-up bonus to cover record inflation rates.
 
The team at Berkshire Money Management received a  bonus from CEO and founder Allen Harris. The "plus up" is 5.4 percent of 2020 W2 wages—salary plus paycheck bonuses. For people not employed through 2020, equal flat payments will be made to each person. The minimum for any employee will be $2,500.
 
"Like other essential workers around the world, BMM employees had to do more for clients throughout 2020 than we planned for. I compensated employees with what I hope was a proper amount of gratitude and bonuses," says BMM founder and CEO, Allen Harris. "But that was then. Today, all Americans are being affected by inflation that is through the roof. It's not fair that people have to pay the cost of 2021 bills when we're used to 2020 prices. Financial service firms are performing much better now than we were a year ago and all bosses in the industry have an obligation to do whatever we can to take care of our employees, both in the office and out."
 
Inflation, as measured by the Consumer Price Index (CPI) was up 5.4 percent over the last 12-months – the biggest jump in prices since the commodities bubble of 2008. The CPI will release the latest inflation rate, which is anticipated to be at around 5 percent.
 
"I believe the inflation growth will be transitory. I've written about it a few times in my weekly column in the Berkshire Edge," says Harris. "But 'transitory' can mean a year. And as we all know, especially after 2020, a year can feel like an eternity."
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Berkshire Money Management Donates $10K to Suicide Prevention Group

By Brittany PolitoiBerkshires Staff

DALTON, Mass. — Berkshire Money Management CEO Allen Harris is donating $10,000 to the Berkshire Coalition for Suicide Prevention after the nonprofit was denied a special permit for a fundraiser on the financial company's property.

The Dalton Zoning Board of Appeals on Tuesday decided that a haunted-trail fundraiser for suicide awareness called "Purgatory Road" was not eligible for permitting under zoning bylaws.

Harris said he will contribute by pledging $10,001 — the extra dollar out of personal preference — to the organization.

"The donation is really because I feel like the town let down Purgatory Road, this is a major fundraiser for them and there was no real reason, I feel, to not have the event," he said.

"This is an event that has been put on for eight years, I know has run very professionally and in addition to the layer of professionalism that the organization would have brought, we had an event planner working in conjunction as an addition to it."

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