July 2010 25
So back in April, my colleague over at The Work Buzz discussed things job seekers should leave off of their resumes, including gaps in work history. Transferring the advice of career coach and author Catherine Jewell, blogger Kate Lorenz wrote that job seekers should eliminate gaps in work history and replace them with short, truthful statements (such as “homemaker sabbatical” to explain a five-year work hiatus).
While you were busy hiding your Jersey Shore knowledge, making the announcement the world was waiting with bated breath to hear, or getting your Amazon pre-orders in, here’s what was happening in the world of workforce management this week…
If you’re not yet familiar with the government’s recently revised stipulations for hiring unpaid interns, might I suggest pouring yourself a nice glass of Merlot, perhaps turning down the lights and putting on some Al Green, while you sit back and get to know them a little bit better…?
That’s because the Obama administration recently announced that it intends to crack down on companies that don’t comply with the rules regarding unpaid internships, in reaction to recent criticism that such practices unfairly favor privileged students and enable employers to take advantage of free labor.
Last week, I talked about the pros and cons of rehiring former employees, and mentioned that the Hiring Incentives to Restore Employment (HIRE) Act is one of the major reasons employers should be looking at hiring unemployed workers (which could include former employees). But let's explore further why the bill is so important -- both for unemployed workers and the employers hiring them. After all, as a CFO, controller, business owner, vice president of human resources, hiring manager, accountant, or anyone else with a stake in your business's bottom line, the HIRE Act could have a significant impact on your business.
What is the HIRE Act?
The $17.5 billion legislation, signed into law by President Obama on March 18, 2010, gives a potential tax exemption and credit to businesses that hire unemployed workers. Specifically, the HIRE Act grants businesses that hire workers unemployed 60 days or longer an exemption from the 6.2 percent Social Security payroll taxes for each worker for the remainder of 2010. Additionally, if workers are retained for one year, participating businesses get a tax credit of $1,000.
Rejecting a candidate because they have too many credentials? On the surface, it seems absurd: Here, it seems you’ve been handed the opportunity to snag executive-level talent at an entry level price…and yet you know that doing so means you could soon be dealing with a very bitter employee who resents taking a job that is below them, or perhaps you fear they’ll leave the minute a better opportunity comes along…
That’s the dilemma employers face when it comes to hiring overqualified workers – and why so many just say no; however, while you certainly want to be wary of someone who “will just take anything” to make ends meet (not that you don’t sympathize), you could also be doing yourself a disservice by dismissing an overqualified worker outright – and miss the opportunity to score major talent for your organization.
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