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WHAT SHOULD EMPLOYERS KNOW?



 

1. Many Hope Again clients are Federally Bondable


  • What is the Federal Bonding Program?

Created as an incentive to hire an "at-risk", hard-to-place job seeker, it is insurance to protect employers against employee dishonesty.  It covers any type of stealing: theft, forgery, larceny, or embezzlement.  The bond insurance issued ranges from $5,000 to $25,000 and covers the first six months of employment with no deductible.  There is no cost to the job applicant or the employer. In North Carolina Federal Bonding is offered through the Employment Security Commission of North Carolina through their local offices. Either the job applicant or the prospective employer (on behalf of an applicant or employee) may apply for fidelity bonding insurance at any local ESC office throughout the state.
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  • Who can request a bond and how?

Either the job applicant or the prospective employer (on behalf of an applicant or employee) may apply for fidelity bonding insurance at any local ESC office throughout the state. 

 

2. Hiring a formerly incarcerated individual may qualify you for the Work Opportunity Tax Credit

  • What is the Work Opportunity Tax Credit (WOTC)?

The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers for hiring individuals from certain target groups, including ex-felons, who have consistently faced significant barriers to employment.

 

  • How large is the tax credit?

The maximum tax credit ranges from $1,200 to $9,600, depending on the employee hired.

For details and information on how to apply please go to the United States Department of Labor.


3.  If you are employer interested in hiring any of our clients please contact Robert Andrews at  randrews@hopeagainnc.orgWe would be happy to match you with potential qualified candidates.