Around the WOTC World – 9/26/2011
When the past won’t stay in the past: Criminal records pose an extra challenge
to finding jobs in a challenging economy:
“. . . reminded inmates to talk up the federal Work Opportunity Tax Credit
and the Federal Bonding Program during interviews. The bonding program is a six-month
safety net, free to employers, that offers $5,000 in coverage against theft on the
job. The tax credit is up to $4,800 for any new hires in one of 12 categories such
as unemployed veterans, former felons and people who lost a job in Hurricane Katrina.”
Mayor Partners with Private Sector: Plans to Hire 10,000 Unemployed District
“Just days after D.C. Mayor Vincent C. Gray (D) announced an aggressive
new plan to bring more job opportunities to the city’s almost 36,000 unemployed residents,
the local business community is climbing onboard. . . employers have some lucrative
inducements to take advantage of, including the Work Opportunity Tax Credit (WOTC).”
Annual Honor a Hero, Hire a Vet Job and Resource Fair Approaches:
“California is home to nearly 2 million veterans, the most in the nation.
Each year 30,000 men and women leave military service and return to civilian life
in California. Military training provides them with technical skills and leadership
experience and instills a commitment to teamwork, but many still struggle to find
jobs once home. The “Honor a Hero, Hire a Vet” job and resource fairs help match veterans
with employers who value their skills.
In addition to the excellent work qualities veterans often contribute to an organization’s
operations, there are a number of value added bottom-line incentives that also make
hiring military veterans a good business decision.
These include the Work Opportunity Tax Credit (WOTC) that is available to employers
who hire individuals from certain targeted groups by offering them a federal income
tax credit. The WOTC can reduce an employer’s federal tax liability by up to $9,000
per new hire.”
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