Did you know you could be missing out on a little known tax credit that employers can take advantage of when they hire new employees? The Work Opportunity Tax Credit known as #WOTC is a federal tax credit available to employers who hire individuals from target groups.
On average between 10-15% of all new hires qualify. This means, if you hired 100 people in 2022, and you didn’t screen for WOTC eligibility you may have missed out on up to $36,000.
At iRecruit, we recommend including WOTC screening as part of your onboarding process. We do all the rest. We screen new hires for eligibility, and submit qualified new hires to the appropriate state agency. When ensure you get the maximum credit available, which could be up to $9,600 per qualified new hire!
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 improved its WOTC integration to make this easier for our customers.
CMS, the publisher of iRecruit, has been providing WOTC screening services for over 25 years and are experts in this field.
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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.