Monday, September 19, 2011

Major flaw in new Back to work plan

Businesses hire new employees because they have more work than they can handle with current staff. Getting a tax credit for hiring unemployed workers makes no sense. Employees cost a business money, both in the short term and long term. Employee benefits, including employer Social Security match, training, and health care insurance, can add 25 to 45 percent more to the cost of hiring a new employee.

This is so obvious that it boggles my mind.

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