WHAT ARE THE BENEFITS OF TAPPING INTO THIS HIRING POOL?
Our Software Transforms Tax Credits into Bottom-line Savings
Work Opportunity
Tax Credit
The Work Opportunity Tax Credit is a Federal tax credit available to employers for hiring individuals from certain targeted groups who have consistently faced barriers to employment. Employers may meet their business needs and claim a tax credit if they hire an individual who is in a WOTC targeted group. Friend A Felon helps you easily identify and process eligible new hires so you can maximize all tax credits
Federal Bonding
Program
The Federal Bonding Program is a unique tool that can be used to help high risk job seekers (such as convicted Felons) get and keep employment. The program issues Fidelity Bonds , and is sponsored by the U.S Department Of Labor. The bond covers the first six months of employment at no cost to the job applicant or the employer.
Empowerment Zone Credits
Federal, state and local governments offer a wide array of economic development incentives designed to encourage job creation and capital investment, both statewide and in designated geographic areas, often called enterprise zones. Friend A Felon works with businesses to capture federal, state and local incentives, such as the Empowerment Zone Employment Credit, which can be up to $3,000 annually per eligible zone resident employed.
Increased Job Retention And Enhanced Productivity.
Multiple research studies have demonstrated that employees with criminal records who are given a fair chance tend to have longer job tenure and are as productive or even more productive than those without a criminal record. As an employer, this translates to lower turnover and improved productivity from your workforce.
Community Impact
Hiring felons can have a positive impact on the community by reducing recidivism and helping formerly incarcerated individuals to become productive members of society. THIS IS WHAT WE CARE ABOUT THE MOST!
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