What expanded ‘new hire’ definition means to Payroll
Back in the fall, President Obama signed into law a new definition of who qualifies as a new hire, and there a few things about this definition that your Payroll staff needs to know.
The new law, which takes effect on 4/21/12, says that a “newly hired” employee is someone who either:
- hasn’t previously been employed by the organization, or
- was formerly hired by the company, “but has been separated from such prior employment for at least 60 consecutive days.”
This means that Payroll must report all new and rehired employees to their state’s new hire directories.
While the compliance deadline is slated for 4/21/12, it’s important to keep in mind that states that need to pass legislation to put the change into effect may have more time to do so — depending on when their legislatures are in session.
- Share on
Free Training & Resources
White Papers
Provided by UJET
Further Reading
You can’t be too careful out there! Fraud is a risk in every area of finance — even the auditor hired to analyze data and file ...
A residential construction company in Idaho learned how payroll errors can quickly turn into significant financial exposure. After a fed...
In a matter of months, companies will possess first-ever guidelines for environmental credit accounting. Public and private firms will be r...
When employers fail to honor wage and hour settlement agreements, the Department of Labor’s next step is to seek a court order. In th...
How did a diversity, equity and inclusion (DEI) program manager defraud Facebook and Nike of more than $5 million? With the help of crooked...
What’s the maximum Social Security tax that Payroll could withhold from each employee in 2027? The taxable wage base estimate has bee...
