The Work Opportunity Tax Credit known as #WOTC is a federal tax credit available to employers who hire individuals from disadvantaged groups of workers that have historically faced barriers to finding employment. Including WOTC Screening with iRecruit can save an employer significant amounts of money.
Enter the number of new hires you expect to hire this year and select industry.
Cost Management Services has been working with employers for 20+ years and based on our experience 15% of new hires may be qualified for up to $2,400 worth of tax savings under the WOTC program guidelines. This number varies by industry and location.
- The employee needs to work at least 120 hours for the employer to receive 25% of the first $6,000 in gross wages.
- The employee needs to work at least 400 hours for the employer to receive 40% of the first $6,000 in gross wages i.e. $2,400.00.
How iRecruit Can Help!
WOTC Screening can be included in iRecruit, as part of the application process, or in iConnect, as part of your new hire (online) paperwork. iRecruit recently updated its WOTC integration to make this easier for our customers.
CMS, the publisher of iRecruit, has been providing WOTC screening services for over 24 years and are experts in this field.
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