{"id":6434,"date":"2010-03-29t15:18:09","date_gmt":"2010-03-29t19:18:09","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=6434"},"modified":"2024-11-19t21:48:34","modified_gmt":"2024-11-20t02:48:34","slug":"the-federal-hire-act-a-win-win-for-business-and-the-workplace","status":"publish","type":"post","link":"\/\/www.g005e.com\/2010\/03\/29\/the-federal-hire-act-a-win-win-for-business-and-the-workplace\/","title":{"rendered":"the federal hire act:  a win-win for business and the workplace"},"content":{"rendered":"<p><strong>signed into law by president obama on march 18, the hire act has the  potential to be a direct boost to a business\u2019 bottom line because it  will both help employers and at the same time encourage job creation.<\/strong><\/p>\n<p><em><strong> <\/strong><\/em><\/p>\n<figure id=\"attachment_6437\" class=\"thumbnail wp-caption alignright\" style=\"width: 208px\"><em><strong><em><strong><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-6437\" title=\"gary butler adp mug\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2010\/03\/gary-butler-adp-mug-208x300.jpg\" alt=\"\" width=\"208\" height=\"300\" \/><\/strong><\/em><\/strong><\/em><figcaption class=\"caption wp-caption-text\">butler<\/figcaption><\/figure>\n<p><em><strong>by gary butler<\/strong><\/em><br \/>\n<em>president and ceo of adp<\/em><\/p>\n<p>far too many americans are currently unemployed, yet many small- and medium-sized businesses remain at the cusp of resuming hiring.\u00a0 it is hoped that the hire act will serve as a catalyst that will help our economy recover.\u00a0\u00a0 i believe this jobs bill is a good piece of legislation that comes at a very opportune time.<\/p>\n<p>the hire act provides incentives for businesses to hire new employees <span style=\"text-decoration: underline;\">sooner<\/span> rather than later.\u00a0 the incentives for businesses are straightforward, immediate and are available for each job created. the bill eliminates the current 6.2 percent employer social security tax for eligible new employees, generating immediate savings that will positively impact a business\u2019 bottom-line.\u00a0\u00a0 it also requires any new hire to certify his\/her previous employment status by signed affidavit.\u00a0 additionally, companies are afforded a significant income tax credit of $1,000 per qualifying worker once the worker is employed for at least 52 consecutive weeks.<\/p>\n<p>while these measures are welcome by employers, staying compliant in this complex and quickly changing business environment can be a burden for companies of all sizes.\u00a0 adp, the leading provider of outsourced hr, payroll and benefits administration services, is committed to making it easy for clients to remain compliant while reducing expenses and increasing cash flow. we\u2019ve done this before, helping businesses reap the benefits of special legislation such as the katrina tax credit and the cobra stimulus plan.<\/p>\n<p>for employers already stretched thin, administration and compliance can be a somewhat complex and time consuming process.\u00a0 pre-selection and screening of eligible employees, affidavit certification, eligibility reporting, compliance support, documentation and audit support as well as tax credit administration are all tasks that the business must execute either on their own, or with support of companies like adp which has helped businesses for over 60 years to reap the benefits of special stimulus legislation.<\/p>\n<p>at a time when employers are challenged to do more with less, outsourcing non-core or administrative tasks is one way to enhance employee productivity and increase profitability.\u00a0 legislative reform is a major focus of the current administration, and regulations like the hire act will continue to put pressure on employers to understand and respond to new requirements. helping clients understand and take advantage of legislation like the hire act is a primary benefit of partnering with adp.<\/p>\n<p><em>gary butler is the president and ceo of adp, serving  some 570,000 clients worldwide. for more information and to obtain an estimate of a company\u2019s potential hire act savings, visit <a href=\"http:\/\/www.adp.com\/jobtaxcredit\">www.adp.com\/jobtaxcredit<\/a> or call 1-888 5 adp save.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>signed into law by president obama on march 18, the hire act has the potential to be a direct boost to a business\u2019 bottom line because it will both help employers and at the same time encourage job creation. by &hellip; <a href=\"\/\/www.g005e.com\/2010\/03\/29\/the-federal-hire-act-a-win-win-for-business-and-the-workplace\/\">continued<\/a><\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1905,5],"tags":[252,172,227],"class_list":["post-6434","post","type-post","status-publish","format-standard","hentry","category-clients-and-service","category-outlook","tag-recession","tag-payroll","tag-small-business"],"acf":[],"yoast_head":"<!-- this site is optimized with 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