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Hiring Incentives

Take advantage of incentive programs that can help your bottom line. The hiring incentives listed below can help you reduce your tax payment and create peace of mind for your business while providing employment opportunities to individuals with barriers.

Work Opportunity Tax Credit (WOTC) is one tool in a diverse toolbox of flexible strategies designed to help move people from welfare into gainful employment and obtain on-the-job experience. It joins other tax credits, education, and workforce training programs that help American workers with barriers to employment prepare for good jobs; ease their transition from job to job; benefit from the creation of effective regional economic development strategies; and create high performance workplaces.

The consolidated WOTC for hiring most target group members can now be as much as:

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$2,400 for each new adult hire
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$1,200 for each new summer youth hire
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$4,800 for each new disabled veteran hire
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$9,000 for each new long-term family assistance recipient hired over a two-year period

New employee hires must belong to one of the following WOTC target groups in order for the employer to qualify for the WOTC:

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Long-Term TANF Recipient
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Other TANF Recipient
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Qualified Food Stamp Recipient
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Designated Community Resident
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Summer Youth Employee
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Qualified Veteran
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Rehabilitation Referral
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Qualified Ex-Felon
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SSI Recipient

View Work Opportunity Tax Credit Brochure

View Work Opportunity Tax Credit Packet

Fidelity Bonding is a bonding service that helps at-risk job applicants get and keep a job. Fidelity bonding services reduce a business’s concerns about hiring at-risk job applicants who cannot be bonded through other sources. For this bonding, Union Insurance Group issues an insurance policy that protects your business against employee acts of dishonesty such as larceny, embezzlement, and theft.

Applicants eligible for fidelity bonding services include:

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Ex-offenders, including individuals with records of arrest, probation, or any police record

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Applicants with poor credit histories, including bankruptcy
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Veterans dishonorably discharged from the military
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Public assistance recipients
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Applicants with a substance abuse history
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Disadvantaged youth who lack a work history
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Anyone who is declined fidelity bonding through the commercial bonding system

A fidelity bond will not provide coverage for self-employed individuals looking for a performance bond, surety bond, or contract bond. Fidelity bonds cover only a specific employer-employee relationship, which is demonstrated by withholding income and social security taxes.

A fidelity bond does not provide coverage for poor workmanship, job injuries, or work accidents.

View Fidelity Bonding Brochure

Need additional help? Contact us.

Contact Us: Business Solutions Team | 254.296.5201 | solutions@hotworkforce.com

Offices & Centers Closed | Workshops & Orientations Canceled

FEBRUARY 18, 2021

Our workforce centers and administrative offices are closed Thursday, Feb. 18, due to inclement weather. All events, including virtual workshops, orientations, tax preparation and other in-person appointments, have been canceled. If you have questions, please email us at questions@hotworkforce.com, and our staff will respond as soon as possible.