30-60-90 Day Job Stimulus Plan

In light of recent economic challenges that we have faced, it’s my mission to help America be the economic POWER we used to be back in the 1950’s. One fact that should truly shock you is that China has 1,336,650,000 people whereas the United States only has 308,971,000 as of March 30th, 2010. In simple English, we have 23% of their total population.

We need to start THINKING to get ourselves out of the mess we created.

I will be posting great ideas here that I come across to make America great again. Please feel free to post ideas, NOT political statements which will be struck.

Today’s great idea from Dominic Fruges of Impal Consulting. He can be contacted at [email protected] or 732-684-4029.


Impal Consulting today formally announced its “30-60-90 Day Job Stimulus Plan” for job creation in America. The purpose of the plan is to refocus job creation in the private sector of the economy particularly in the small and mid-size business sectors.

The goal is to create an incentive-based job creation process for businesses using speedy job creation as a program tool. Fast job creation brings specific financial rewards to the firm from the Federal Government after one year in the program.

Here is how the plan would work.

Simple plan based on yearly compensation -- only three categories of jobs (no titles are involved). Salaried or non-salaried employees are eligible under the program:

- $25,000 to 50,000
- $51,000 to 75,000
- $76,000 to 125,000

Three time frames: 30, 60, 90 days to create a job.

ALL NEW JOBS MUST BE CREATED IN THE USA – no entitlement to offshore jobs; no H-1B Visa candidates; US Citizens only.
If a firm created the job in the 1 to 90 day program time frames it will get a check back from the US Government -- not a tax credit -- a check! The check will be received after the first year in the program.

The specific dollar awards relative to specific salaries and time frames are as follows:

$25,000 to $50,000 compensation position:
Day 1 to 30 job creation: $5,000 award back to employer after one year
Day 31 to 60 job creation: $2,500 award back to employer after one year
Day 61 to 90 job creation: $1,000 award back to employer after one year

$51,000 to $75,000 compensation position:
Day 1 to 30 job creation: $10,000 award back to employer after one year
Day 31 to 60 job creation: $7,500 award back to employer after one year
Day 61 to 90 job creation: $3,500 award back to employer after one year

$76,000 to $125,000 compensation position:
Day 1 to 30 job creation: $25,000 award back to employer after one year
Day 31 to 60 job creation: $15,000 award back to employer after one year
Day 61 to 90 job creation: $7,500 award back to employer after one year


Example:
We start the program on May 1, 2010. Create a job from $76,000 to 125,000.
Mr. or Ms. Employer -- you create a job with a salary of $76 - 125K and the position/job (not the same employee) MUST remain active for one year thereafter.
May 1 - May 31: (first 30 days) $25,000 return check
June 1 – June 30: (it took you 31-60 days to create the job) $15,000 return check
July 1 – July 31: (it took you 61-90 days to create the job) $7,500 return check

The program would:

-- Create incentive for private industry to create jobs that are sitting on paper in file cabinets or on laptops.
-- Create incentives to do it QUICKLY!!!
-- Create a one year financial build up of personal Federal Taxes from employees to the Federal Government that could help pay for the program.
-- Provide stiff personal and company financial penalties for those employers who cheat on the system. Perhaps, $50,000 for the company and a $5,000 personal fine for the specific employer would be appropriate.
-- Maintain all appropriate Federal and state laws regarding employment obligations and protections for both employers and employees.
-- Use Offer Letters, fingerprints, and Driver's Licenses as proof of employment. After one year the employer sends a copy of paperwork to the US Department of Commerce who verifies paperwork and payroll ID tax.
-- If the employee is fired for cause then the company has 30 days to replace the employee and still be eligible for the program. Federal payout to employer would extend an extra 30 days to the 13th calendar month. There would be a limit of three employee changes per calendar year in the program; therefore the maximum payout period for any employer could extend to 18 calendar months (3 months to look for the employee and then a month’s calendar extension for payout). The bottom line for employers is that they are “not stuck” with a specific employee.
-- Employers could NOT reduce their total employee staff by more than 10% during the calendar period that they participate in the program. Additionally, the employer can NOT “hire and fire” within the specific department where the new employee will work. That would prevent “salary substitution”, i.e., hire a $50,000 employee but fire a $75,000 employee in the same department.
-- The 30-60-90 Day Job Stimulus Plan would be implemented on a trial basis for three (3) months with a maximum budget of $250,000,000 for employer payouts. So, as envisioned, the initial commitment by the Federal Government would be $250,000,000.
-- Congress would appropriate the funds for administrative costs and review the program after its initial trial period.

Dominic J. Fruges, President of Impal Consulting stated, “People get real jobs at all salary levels up to $125,000. This would be a great boost for the lower and middle classes as well as small to mid-size employers. However, I would also strongly urge significant Federal budget cuts accompany this program’s implementation.”

The only thing I would add to this is to have the States pay into this since they will benefit from it.