The Worker Opportunity Tax Credit (WOTC) is a federal grant program available to employers for hiring individuals from certain target groups who have consistently faced significant barriers to employment. About 1 in 5 Americans qualify for WOTC. Employers can unlock $1,200 to $9,600 per hire by filing for WOTC. Depending how many people you hire per year, this could be too good to pass up!
So how can HigherMe help you save?
We partner with EF Cost Recovery, Synergi, and HIREtech to help you take advantage of the WOTC program. EF Cost Recovery helps you screen your new hires for eligible savings and coordinates with government agencies to secure your tax credit – and the best part? You only pay based on how many savings you unlock. If they can't find you any tax credits, you're not charged.
To streamline your paperwork process and learn more about WOTC pre-assessments, click here or contact friends@higherme.com!