Recruiting, Hiring and Retention

New Federal HIRE Act May Not Increase Employment

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When the federal Hiring Incentives to Restore Employment Act (HIRE) became law, its purpose was to provide tax incentives to employers to hire more of the high number of unemployed. Employers (including nonprofit organizations) will be exempt from paying their share of Social Security taxes on wages paid from March 19 through Dec. 31 for new employees hired after Feb. 3, 2010. An important fine-print point is that, to qualify, those new hires must have worked 40 hours or less during the 60 days prior to their hire date. Employers also receive a $1,000 credit on their business income tax...

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Employers Can Retain Key Employees and Improve Productivity with Personal Growth Opportunities

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Successful business owners know that much of their success depends on their key employees being more productive and serving as positive-attitude role models. Employers can help workers develop the skills and attitude to be leaders and contribute to the company’s success by providing personal growth opportunities. When employees prove to be high performers, employers can support their drive to be even better employees and individuals in four areas of personal development: education and training, a healthy lifestyle, being fully engaged in their work and reduced job-related stress....

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Employers Qualify for Tax Exemptions with New HIRE Act

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President Obama signed the Hiring Incentives To Restore Employment (HIRE) Act during March 2010. The Act provides employers with incentives to hire and retain new employees. A qualified employer will be exempt from paying the employer’s share of 2010 social security employment taxes (6.2 percent of the first $106,800 of wages) of any new employee hired after February 3, 2010, and before January 1, 2011. The new employee must have been previously unemployed and does not replace another employee. Employers can also qualify for a $1,000 income tax credit for every new employee they employ...

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Small Businesses Are Hiring

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According to a new monthly report from Inuit, Inc, the leading small business payroll provider in the U.S., small businesses are hiring again, with 40,000 new jobs during February 2010 and 150,000 since June 2009. The Intuit Small Business Employment Index is based on data from businesses with fewer than 20 employees, which equals 87 percent of the total U.S. private employer base. “Employment for these small businesses began trending upward in mid-2009, a good sign for the overall economy,” said Dr. Susan Woodward, the nationally recognized economist who worked with Intuit to...

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You’ll Retain More Employees When You Ask Them to Help Improve the Workplace Environment

Posted by in Recruiting, Hiring and Retention | Comments Off on You’ll Retain More Employees When You Ask Them to Help Improve the Workplace Environment

When you must downsize, it’s important that you retain your best employees. You can chart their attitudes and productivity to determine their value, but to know whom you should retain and how, you must understand what they think about the workplace environment. You can do much to reveal what your employees are thinking and develop methods to keep the best ones with an employee workplace evaluation. You start with an employee survey, in which they are able to explain what they like or dislike about working at your business. The survey should also provide an opportunity to list what they...

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Improve Retention (and Much More) with Employee Referrals of New Employees

Posted by in Recruiting, Hiring and Retention | Comments Off on Improve Retention (and Much More) with Employee Referrals of New Employees

Your recruiting of the best and brightest talent for your business can be much more effective — and save you time and money — when you enlist the help of your current employees for referrals. Another primary benefit of an employee referral program is retention. There appears to be clear evidence that new employees hired in this manner and current employees referring them have a positive outlook of their employment situation. Other benefits worth considering are: Better candidates — Current employees are more discriminating about whom they refer. Employee involvement — In some ways, your...

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