Employers, did you know on March 18, 2010 President Obama signed the “Hiring Incentives to Restore Employment Act” (the HIRE Act) which creates tax benefits for employers who hire unemployed workers in 2010. Under the HIRE Act, employers who hire unemployed individuals between February 3, 2010 and December 31, 2010 may be eligible for an exemption of the 6.2% Social Security payroll tax contribution for that individual and an additional tax credit of up to $1,000.00.
If you have a mission critical role now is as good a time as any to get the wheels rolling on adding that person. If its a new role consider Benchmarking the position and then assessing your candidates against the benchmark. These two steps will get your talent management process off to a great start.
Putting people back to work AND getting a tax credit; now that’s a good thing! But hiring the right people for the right role with the right skills to execute your company strategy? That’s just BRILLIANT!