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House Co-Sponsorship Memoranda
House of Representatives
Session of 2021 - 2022
Regular Session
MEMORANDUM
| Posted: | September 28, 2022 02:11 PM |
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| From: | Representative Kristine C. Howard |
| To: | All House members |
| Subject: | The Phoenix Credit: Combating the Wage Gap, Helping Job Seekers, and Reducing Labor Shortages |
| The robust job market is not without frustrations for many job seekers, including thousands of Pennsylvanians who left careers to raise a family, recharge, or reevaluate their future. Unfortunately, many employers see these candidates as risks despite their prior experience and qualifications. In particular, those who have been out of the labor force for over two years often find it nearly impossible to secure employment matching their abilities. To remedy this, I will soon introduce a bill to create the Phoenix Credit, a tax incentive encouraging companies to expand their imaginations when it comes to hiring. Greatly increasing a candidate’s salary relative to previous employment or bringing a candidate back into the labor force after an absence of two or more years would receive a healthy benefit each year a Phoenix employee is with the company, up to three years. The Phoenix Credit will not only help returning workers, but also those who may have been unable to build sufficient resumes due to circumstances beyond their control, such as entering the job market during a recession. Furthermore, this bill will create incentives for companies to create returnships, which are paid, intend-to-hire internships that serve to transition employees back into full-time roles. Finally, this bill will create a tax credit for the Phoenix employees themselves who enter or re-enter in-demand industries identified yearly by the Department of Labor & Industry, thereby addressing labor shortages. The Phoenix Credit is a necessary first step in minimizing the gender pay gap, as well as ensuring fairness and preventing despair in the workforce. Please join me in helping Pennsylvania’s Phoenixes rise. |
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Introduced as HB2869