6%

clipped from hotair.com You don’t say. Even the Obama administration acknowledges the legislation’s centerpiece — a tax cut for businesses that hire unemployed workers — would work only on the margins. $5,000 may sound like quite a substantial tax credit, but it can cost that or more simply to hire and orient a new employee. In fact, according to some studies, “turnover costs for a manager average 150% of salary, including tangible costs of hiring new workers and relocation, and intangible costs such as the new worker’s inefficiency and lost productivity while the job is vacant.” The median household income in the United States is $50,740. Using that figure, it can cost $76,110 to hire and train a new worker. The $5,000 tax credit would cover about 6% of that cost.