CheckPoint HR Reports HIRE Act Influencing Job Growth; Employers in Tri-State Area Have Increased Hiring by 3.2%

EDISON, N.J.--(BUSINESS WIRE)--CheckPoint HR, the trusted ally in web-based Human Resources management for small to mid-sized companies, today reports that since the inception of the Hiring Incentives to Restore Employment (HIRE) Act of 2010 last March, private-sector employers have increased hiring by 3.2%. The HIRE Act provides qualified employers with temporary payroll tax forgiveness of the employer’s 6.2% share of Social Security payroll taxes on wages paid to new hires who had been previously unemployed.

“By leveraging the HIRE Act, human resources and recruiting professionals can contribute to a business’s bottom line through the tax credit eligibility”

According to CheckPoint HR’s data, which is polled from more than 400 customers in the Tri-State area, of the 3.2% increase in hiring, 17% of all employers are electing to take advantage of the HIRE Act tax credit. This data coincides with the recent New Jersey Department of Labor and Workforce Development report which noted private sector employment rose by 5,300 jobs as commercial employers have increased their payroll in three of the past five months.

“By leveraging the HIRE Act, human resources and recruiting professionals can contribute to a business’s bottom line through the tax credit eligibility,” said Michelle Moylan, HR Director, CheckPoint HR. “It is encouraging to see a number of businesses taking advantage of government programs, such as the HIRE Act, to increase employment of those previously unemployed. Our data signifies that despite continued economic uncertainty, businesses are looking to grow and improve. We hope this progress continues throughout the second half of the year.”

About CheckPoint HR

CheckPoint HR, based in Edison, New Jersey, is the trusted ally in web-based Human Resources management for small to mid-sized companies. The company’s complete portfolio combines payroll, benefits and HR management services with a web-based Human Resource Management System (HRMS) technology platform to offer customers an affordable and centralized solution. This allows small to mid-size companies to improve efficiencies, streamline operations and reduce costs. Clients include Innophos Holding, Inc., New York Organ Donor Network, and Hamon USA. For more information on CheckPoint HR, please visit www.CheckPointHR.com or call 800.385.0331.