| Issues and Answers | ||
| Tips for rebuilding trust during a merger or acquisition | |||
|
| Test Your Human Resources Knowledge | ||
|
| Labor Law Journal Submissions | ||
|
| Human Resources Links | ||
|
| Labor Arbitrators' Awards and Biographies | ||
U.S. Master™ Wage-Hour Guide, 2009 Edition
Presents a first approach to the broad and complex controls under the Fair Labor Standards Act (FLSA), Family and Medical Leave Act (FMLA), and other statutes regulating employee wages and hours.
President Obama signed the Hiring Incentives to Restore Employment (HIRE) Act (H.R. 2847) on March 18. The law provides tax breaks to employers hiring new employees in 2010. It also expands critical transportation and infrastructure programs in order to create jobs. Among other things, the law provides roughly $13 billion in incentives to employers for hiring new employees, including an exemption from Social Security payroll taxes employers owe for every worker hired after February 3, 2010, and before January 1, 2011, who have been unemployed for at least 60 days, according to summary of the provisions from the Senate Finance Committee. The maximum value of the credit would be equal to 6.2 percent of wages up to $106,800, which is the Federal Insurance Contributions Act wage cap. Employers will also receive for each new employee hired and retained for a consecutive 52 weeks, the lesser of $1,000 or 6.2 percent of the wages paid to that employee for those 52 weeks. At a White House signing ceremony, Obama said the payroll tax break could spur small businesses to hire more quickly because it offers employers a greater tax break the sooner they take on new employees. The president stressed that Congress needs to advance additional measures to create jobs and boost the economy. “There is a lot more we need to do to spur hiring and bring about a full economic recovery – from helping creditworthy small businesses get the loans they need to expand, to offering incentives to make homes and businesses more energy-efficient, to investing in infrastructure so we can put Americans to work doing the work.” The legislation is fully offset and reduces the deficit by nearly $1 billion. To pay for the package, H.R. 2847 delays implementation of the worldwide allocation of interest rules and includes several measures to reduce offshore tax noncompliance.
For more information on this and other topics, consult CCH Employment Practices Guide or CCH Labor Relations.
Visit our News Library to read more news stories.
©2005-2012 CCH Incorporated or its affiliates
