The HIRE Act-Encouraging Employers to Hire the Unemployed!

I’ve heard, and read, that sometimes recruiters are hesitant to bring in candidates who have been unemployed, and hiring managers are reluctant to consider or hire someone who has been unemployed.  I suppose that in “the old days” being unemployed or laid off meant you did something wrong and were somehow unfit to work for a certain employer.  These days it simply isn’t the case.  With millions of people receiving unemployment benefits and numerous shows taking on the recession theme (see The Apprentice and Downsized) it’s obvious that this is just the environment we’re in.

The recession, although the economy may be rebounding (the fact that we even have sales at stores is a good sign!), has hit us hard. People are spending less and most families know or are related to someone who is unemployed.

So what can be done to encourage employers to hire those of us who are unemployed and willing to do great work?!?  It’s The HIRE Act (Hiring Incentives to Restore Employment)!

**********************************************************************************************************

Here are two great incentives for employers!:

1. “Employers who hire unemployed workers this year (after Feb. 3, 2010 and before Jan. 1, 2011) may qualify for a 6.2-percent payroll tax incentive, in effect exempting them from their share of Social Security taxes on wages paid to these workers after March 18, 2010. This reduced tax withholding will have no effect on the employee’s future Social Security benefits, and employers would still need to withhold the employee’s 6.2-percent share of Social Security taxes, as well as income taxes. The employer and employee’s shares of Medicare taxes would also still apply to these wages.”

2. “In addition, for each worker retained for at least a year, businesses may claim an additional general business tax credit, up to $1,000 per worker, when they file their 2011 income tax returns.”

**********************************************************************************************************

“The HIRE Act is aimed at providing hiring incentives to restore some of the jobs lost in the latest economic recession. The goal is to help put Americans back to work as soon as possible. Business owners that hire qualifying workers sooner rather than later will get the most out of the tax credits, as the tax credits diminish over time, disappearing completely by January 1, 2011.

Another item of interest in this federal jobs bill is to permit small business owners to write off equipment investments of up to $250,000 this year, instead of taking years to depreciate. This in a doubling of the previous amount of $125,000. This will provide tax incentives for small businesses to grow while stimulating the economy with their investment spend.”

So…all I can say, is HIRE ME! 🙂  Have you seen all of my keywords and what I have accomplished so far?  I know I’ll succeed at anything.

What did you do today?

Looking for more information? (These are the resources I pulled my information from.)

Two New Tax Benefits Aid Employers Who Hire and Retain Unemployed Workers

HIRE Act of 2010

The 2010 HIRE Act Goes to Work

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s