web analytics

Work Opportunity Tax Credit Calculator

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.

How to Calculate Your Potential WOTC Savings

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.

WOTC Benchmarks

  • 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.

Set Up a Time To Speak With Us, Or Request More Information

    Phone

    If you would like to attend an iRecruit demo, please select the date and time that works best for you from the list below, and click on the Send Your Message button below. (Earlier or later times available on request). *All Times Eastern:

    Select Options (as applicable):

    iRecruit, Applicant Tracking Software
    iRecruit TXT Texting with Applicants
    iConnect Electronic Onboarding Forms
    Requisition Approval Workflow
    Internal and External Requisitions
    Set Up for Multiple Organizations
    HR or Payroll Integration
    Work Opportunity Tax Credit
    Verified First Background Screening Integration
    SourceCast Integration for Diversity Hiring
    Request Quote
    Other

    To help us customize your demo, or provide an accurate quote, please provide the following (optional) information:

    Size of your organization:

    Enter your HR or Payroll System:

    Are you currently using an Applicant Tracking Software?

    If you selected yes, what is the name of your current ATS software?

    Do you have a timeframe for purchasing a new ATS or onboarding solution?

    Share Button