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Return and Earn: New Incentive for NJ Employers and New Hires

September 29, 2021 | posted by Abacus Payroll

New Incentive for New Jersey Employers and Unemployed Residents

Earlier this week, New Jersey Governor Phil Murphy announced a new incentive with the NJEDA to help encourage more unemployed workers to transition back into the workforce.

Eligible employees hired through the state Return and Earn program will receive a $500 bonus in their first paycheck. They must be a New Jersey resident and be working in a full-time position (a minimum of 32 hours a week). Part-time, seasonal, commission-based, and 1099 positions will not be eligible.

The state is also offering an incentive for eligible employers. For businesses with fewer than 100 employees, employers will be reimbursed 50% of the new hire’s hours worked during the training period for up to 6 months. The subsidy is capped at $10,000 per each Return and Earn employee with a maximum of $40,000 total for the employer. The new hire’s wage must be a minimum of $15 per hour and the employer must provide substantive on-the-job training that results in skill badges or industry-recognized credentials. 

More information is expected to be issued by NJDOL in the coming days.

Interested employers can express their interest in the program at http://nj.gov/labor/returnandearn.
 

Return and Earn Infographic: Quick Facts at a Glance


About the Author: Abacus Payroll

Abacus Payroll, Inc. is a leading provider of payroll solutions for businesses of all sizes. Whether yours is a family-owned small business or a national corporation, we provide payroll, tax and other financial services on time and at an affordable price. Unlike other payroll providers, Abacus Payroll will assign your very own payroll specialist who will understand your payroll needs inside and out. So no more speaking to a different person each time, no more sitting on hold for hours and most importantly no more missed deadlines! Contact us today to see how we can help your business. You can count on us.