Last year employers received approximately $3.8 Billion from the Work Opportunity Tax Credit. It is immensely valuable. When you hire new employees, it’s easy to screen for eligibility as part of the onboard process. 10-15% of all new hires may be eligible. WOTC offers a tax credit of up to $9,600 for employers who hire individuals from ten target groups. The average tax credit is $2,400.
We recently improved iRecruit’s integration to our WOTC Screening Service, so we can do it as part of the application, or new hire documents.
Related: EEOC Issues Formal Opinion on the Work Opportunity Tax Credit (WOTC Website)
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iRecruit is a cloud-based recruiting and applicant tracking and electronic onboarding software designed to provide any size of business a cost effective, affordable and truly simple way to manage the recruiting and onboarding process online. With options for Express, Professional and Enterprise, you can find a flexible recruiting solution that meets your needs.