Leveraging federal tax incentives like the Work Opportunity Tax Credit (WOTC) can significantly impact an organization’s bottom line while fostering a diverse and inclusive workforce. Join us for an insightful hour as we delve into the intricacies of WOTC, exploring its fundamental principles and practical applications for employers of all sizes. WOTC is a federal tax credit designed to incentivize the hiring of veterans and individuals from targeted groups facing significant employment barriers. With employers claiming between $3-5 billion in tax credits annually, understanding how to navigate the WOTC program is essential for maximizing benefits and driving economic growth.

We’ll unravel the complexities of WOTC, including:
• What WOTC is
• How WOTC is Calculated
• Eligibility Criteria
• Target Groups
• The Numbers behind Target Groups
• The Role of the WOTC Administrator

Discover how WOTC can empower your organization to not only save on taxes but also contribute to community development and rural renewal initiatives.

Whether you’re a small business owner or a human resources professional, this webinar will provide valuable insights and practical strategies for harnessing the power of WOTC to optimize your talent acquisition efforts and achieve sustainable business success.

This program is pre-approved for 1 PDC for the SHRM-CP® or SHRM-SCP® and 1 CEU for the PHR® or SPHR®. A Certificate of Completion will be provided to each attendee within one week of the presentation.

 

Resources

Handout -Unlocking Opportunity: Understanding the Impact of WOTC on Hiring Practices

 

Air Date

May 23, 2024