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Posts Tagged ‘Government Incentives’

The HIRE Act and Summer Temps Offer Incentives For YOU to Hire Again!

Monday, May 24th, 2010

The following article is by guest blogger, Anne Kathrin Dammel, a marketing coordinator at Complete Personnel Services, Inc. Her blog can be found at http://completepersonnel.com/news.html with the latest news for employers.

Hiring is encouraged and we encourage you to post your jobs whether temporary or direct hire to http://www.hirefinders.com for free. This job board in now open to both agencies and direct employers. We are crawled frequently by Simply Hired and Indeed among others, so your jobs will be found on all the major search engines. Post as many jobs as you need to and search for candidates on our board. Questions? You can write to us at info@hirefinders.com. Her article follows:

 

The HIRE (Hiring Incentives to Restore Employment) Act was signed on March 18th and went into effect last month. It features two incentives for employers who hire and retain new employees. The act was put into place to attempt to accelerate the hiring of unemployed workers. Without an increase in the economy, businesses have been reluctant to hire new employees due to the cost imposed on them. The below incentives should serve beneficial for this new employment opportunities within the US.

IRS Commissioner Doug Shulman believes that “these tax breaks offer a much-needed boost to employers willing to expand their payrolls, and businesses and nonprofits should keep these benefits in mind as they plan for the year ahead”.

Incentive #1: As of February 3, 2010, if an employer hires someone who has been unemployed the previous 3 months for a new position then the employer does not have to pay the employer portion of social security on that person’s wages.

Incentive #2: Employers will receive a $1,000 income tax credit for every newly hired employee as of February 3, 2010, who is not a replacement for a previous employee and who is employed continuously thereafter for 52 weeks (1 year).

Your company’s situation may be such that you are not in a position to hire at this time. This should, however, not deter you from hiring summer temporary workers. There are several important aspects to consider that would help your company over the summer months.

1. Permanent Employees go on vacation leaving work that needs to get done.

2. Hiring Students will Invigorate Your Organization.

3. Temp hires enhance the bottom line.

To read more, visit: http://completepersonnel.com/news.html

                                                                                                   

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