The new HIRE Act signed by President Obama this month provides a temporary payroll tax exemption to companies, including staffing firms that hire previously unemployed workers. The law requires employees to sign an affidavit certifying that they had not been employed for more than 40 hours total in the 60-day period immediately prior to beginning employment. The U.S. Internal Revenue Service has indicated it will issue a form that employers can provide for employees to sign.
Obama New HIRE Act
Posted in Legislative, New Jersey Job Market, Uncategorized Tagged Act, Hire, Obama, Unemployed Comments closed
New Jersey Staffing Industry Awards
At last year’s Executive Leadership Conference, industry partner and associate member, Two River Benefits was recognized as the first winner of NJSA’s Staffing Industry Award. This award is presented annually to a staffing individual or firm or industry partner that has shown leadership in improving and increasing the value and awareness of the staffing profession in the state of New Jersey, or has provided the industry with outstanding service and dedication toward its growth and prosperity. Additional criteria for … Continue reading New Jersey Staffing Industry Awards
Healthcare Reform Bill to be Signed on Tuesday
President Obama will sign the Health Care Reform Reconciliation Bill on Tuesday, March 30. The U.S. House of Representatives voted on March 25 to approve a “reconciliation” bill containing major amendments to the Senate-passed health care reform bill that was signed by President Obama last week. The Senate approved the bill earlier that day but made minor changes that required that it be sent back to the House for a final vote. Among other things, the reconciliation bill dramatically increases … Continue reading Healthcare Reform Bill to be Signed on Tuesday
Posted in Legislative, New Jersey Job Market, Uncategorized Tagged Healthcare, NJ, Reform, Staffing Comments closed
Hearing on State Unemployment Insurance Trust Fund
The Senate Labor Committee will hold a public hearing on Thursday, March 18, 2010 at 10:00 AM in Committee Room 6, 1st Floor, State House Annex, Trenton, NJ. The Committee will hear testimony from the public about the fiscal condition of the State Unemployment Insurance (UI) Trust Fund and related UI tax issues, the effectiveness of the UI program in mitigating hardships from layoffs, and the scope and future prospects of federal programs for the unemployed, including UI benefit extensions and … Continue reading Hearing on State Unemployment Insurance Trust Fund
Unemployment Tax Fight in New Jersey Legislature
Senator Fred Madden and Assemblyman Joseph Egan, chairmen of the Senate and Assembly labor committees respectively, said they are committed to seeking a compromise that would protect the state’s jobless from seeing any cut to their current unemployment benefits while also insulating businesses from a scheduled increase in their unemployment insurance taxes. Madden and Egan said such an agreement is necessary after they received notice from the nonpartisan Office of Legislative Services that a proposed cut in state benefits … Continue reading Unemployment Tax Fight in New Jersey Legislature
Posted in Legislative, New Jersey Job Market, Uncategorized Tagged Benefits, New Jersey, NJ, Unemployment Comments closed
Jobs Bill and New Hire Credit Passed by House
The House of Representatives passed the legislation on March 4. The jobs bill contains two major provisions. First, it would exempt businesses hiring the unemployed from the 6.2 percent Social Security payroll tax through December and give them an additional $1,000 credit if new workers stay on the job a full year. The Social Security trust fund would be reimbursed for the lost revenue. Second, it would extend highway and mass transit programs through the end of the year and … Continue reading Jobs Bill and New Hire Credit Passed by House
Posted in Legislative, New Jersey Job Market, Uncategorized Tagged Bill, Credit, Hire, Jobs Comments closed
