How the new H.I.R.E. act will change your hiring policy

by on April 23, 2010 · 4 Comments POSTED IN: HR Cafe
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What does the newly passed HIRE Act (Hiring Incentives to Restore Employment)(a.k.a. Jobs for Main Street Bill) mean for your hiring policy in 2010?

Here’s a thumbnail sketch:

  • You don’t have to pay the 6.2% Social Security tax on the 2010 wages of eligible new hires.
  • You can earn a $1,000 income tax credit per new hire once he/she is employed for 52 consecutive weeks, or 6.2% of wages are paid over the 52-week period.

New hires must certify that they haven’t been employed for more than 40 hours during a 60 day period before the new employment. And their wages must not exceed the $106,800 Social Security wage base.

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4 Comments on This Post

  1. Anonymous
    April 24, 2010 - 6:08 pm

    Is there a minimum # of employees that an employer must have to be eligible?

  2. Anonymous
    April 24, 2010 - 6:08 pm

    Is there a minimum # of employees that an employer must have to be eligible?

  3. sheilaw
    April 24, 2010 - 2:08 pm

    Is there a minimum # of employees that an employer must have to be eligible?

  4. sheilaw
    April 24, 2010 - 2:08 pm

    Is there a minimum # of employees that an employer must have to be eligible?

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