NewsWhore
08-01-2011, 02:20 PM
A bill passed in the Chamber of Deputies on 29 July is aimed at encouraging employers to hire young people just out of college. The bill stipulates that employers can use 25% of the wages paid to young people as credit towards the payment of income taxes during the fiscal year, and that employers will not have to pay the 1% to the government training institute Infotep for technical training or be liable for wage severance payments.
The benefits will be valid for the first year of the young people's employment and are intended to encourage job creation.
The bill, which had been in Congress for around five years, is now being fast-tracked by the PLD-majority Congress to encourage youth employment. Polls show the popularity of the PLD administration is at an all-time low among young voters.
Outgoing Minister of Labor Max Puig had criticized the bill, saying its dispositions were in violation of the Labor Code. Puig resigned the post as of 1 August to dedicate himself to run for President on the Alianza por la Democracia (APD) ticket.
More... (http://www.dr1.com/index.html#1)
The benefits will be valid for the first year of the young people's employment and are intended to encourage job creation.
The bill, which had been in Congress for around five years, is now being fast-tracked by the PLD-majority Congress to encourage youth employment. Polls show the popularity of the PLD administration is at an all-time low among young voters.
Outgoing Minister of Labor Max Puig had criticized the bill, saying its dispositions were in violation of the Labor Code. Puig resigned the post as of 1 August to dedicate himself to run for President on the Alianza por la Democracia (APD) ticket.
More... (http://www.dr1.com/index.html#1)