Skip to comments.Not only are we paying for unemployment, we’re paying for half of their salary if they find a job.
Posted on 09/04/2012 1:04:10 PM PDT by DaveinOK54
We have a small Land Surveying business in Oklahoma and I received a call today from a person seeking employment. He has been out of work since February and in the course of our conversation he told me that the unemployment office had told him that if he found a job, they would pay for half of his salary. I didnt ask for how long they would pay it (it kind of shocked me), but dot.gov must be getting desperate.
Has anyone else heard of this program?
If there WAS a program like that, I would not qualify, I suspect.
25-26 years ago, the place I work (also a survey/engineering firm) hired a guy under a similar deal. The state would pay 1/2 of his wages, the company paid the other 1/2, plus benefits.
He torched the place after he was fired for drinking on the job and driving one of the company vehicles (with our logo on it) drunk around town. I’m sure he went to prison after that, not sure for how long.
A good deed never goes unpunished.
Maybe the poor bastard looking for a job was saying he would accept half-pay in order to get employed.
So, if what you are saying is accurate; the US Gov’t is running a “Hire 2 people for the cost of 1” sale. After some period of time, you can ‘layoff’ both of them - and the taxpayers will again take it in the shorts.
Doubt that, but there is no way in H*ll would I get involved in that red tape monster......
This is absolutely correct. If you lose your job, and you find one for less money than you were making, the government will continue to pay you unemployment compensation, but not the full amount. It depends on how much less you are making. Also, up to 99 weeks this can be collected. Technically, one does not have to take a job for less money than they were previously making...which is why people stay on unemployment for as long as they can.
The French Government is proposing to pick up 100% of the first-year salary for companies to hire someone.
It wouldn’t really come as much of a surprise.
Few years back we got ‘compensated’ for hiring people from a trade school for which the ‘operators/owners’ of got a nice stipend from the Government.
It was for asphalt workers and out of all the ‘graduates’ I don’t think more than a handful lasted till the next season.
Don’t forget the money (from the Govt)to train and hire police and/or fire ... the original plan was fine but when the grant ran out the town or municipality were stuck with people they couldn’t afford in the first place.
I think it was NYC that said we will take your money and hire temps to free the trained officers to work on the street - of course that takes the ‘feel good’ portion of the handout out of the equation.
My employer has a deal like that. Apprentices are partially covered by the government until they complete training. Of course the cost of this is having to put up with EEOC audits to make sure enough minorities are finding their way into the program (there aren’t). For some reason machining doesn’t attract minorities.
In Wisconsin, Workforce Development offers incentives to companies for hiring people through the program. I was considered a “displaced worker” after being laid off, partially because I was over 40. I did not go into that program, but the job seekers would get information to give to a potential employer with details. I think it was for 90 days or 6 months, not sure. It was 2 years ago. They also paid for school if you wanted to take college courses (there were restrictions and monetary limits).
Targeted Jobs tax credit and was big time during Reagan admin to get the economy perking.
I had a little experience with TJTC during the Reagan years.
I graduated from school and got a job in another state. The previous year I had made about $8000 from part-time jobs during my senior year in school. But to take this job I moved out of my parent’s home and became a household of one.
Being a household of one with $8000 prior year earnings meant I qualified. And my employer, most eager to cash in, would not rest until I completed all the paperwork. I remember taking it down to the local unemployment office where the guy there looked at me with disgust, saying he had filing cabinets full of local candidates who would qualify for TJTC and why is my company importing them from out of state.
Is this a factor contributing to the “under-employment” phenomena? 10% unemployed, 10% gave up, 10% working part time but could work full time?
Yes. Most people lose their high paying jobs, 23.00/hour, and then eventually take jobs for 8.00/hour. With the price of gas, it’s cheaper to stay home, as what you make will just pay your gas expenses.
The other problem is the increase in the minimum wage. Your money is worth less when wages are stagnant while the wage floor rises, while childcare grows more costly. It then becomes cost-effective to stay home or you make very little after childcare.