|Employers subsidized up to $8,000 for new hires|
|Monday, January 21, 2013 10:00 AM|
Delphos — Ohio employers searching for quality candidates can recruit and be reimbursed for the expense of training new hires through the Department of Job and Family Services (ODJFS).
ODJFS Workforce Specialist Laura Jones spoke during a Delphos Area Chamber of Commerce seminar Wednesday at the Microtel Inn & Suites where local employers were presented with an informative look into work source services.
In today’s business environment, success is increasingly dependent on knowledge and information. To maintain a competitive edge and reach their potential, employers need the resources to build a strong workforce. The ODJFS is committed to helping businesses and organizations by offering labor market information, training grants, pre-interview skills assessment, layoff aversion, rapid response assistance, on-the-job training opportunities and more.
One of the lesser-known offerings that businesses can take advantage of is the On The Job Training program (OJT), which allows businesses to hire and train highly- skilled individuals. The program is made possible through a federal grant and assists two groups of people; dislocated workers, who are not at fault, and adults with low incomes. It it imperative that employers understand that use of the program must be initiated and a contract in force before workers are hired.
“This program helps with the cost of training and puts more Ohioans back to work, which equates to a stronger workforce for the state,” Jones emphasized.
When businesses hire an eligible, out-of-work Ohioan, the ODJFS will reimburse up to 50 percent of the employee’s wages for up to six months with a maximum reimbursement of $8,000 while learning on the job. For example, five employees hired at the rate of $10 per hour and trained for six months would cost $48,000. After reimbursement, employers would only pay $24,000.
Employee eligibility is determined through a screening process, which is very beneficial for the employer and ensures a quality candidate. Training is based on the individual, their skill level and aptitudes required for the position. Throughout the employee’s training, there are monitors in place to verify that employers are providing appropriate instruction and employees are following policy and procedure. Any separation must be documented.
“The employer will treat the new hire just as they would any other employee,” Jones detailed the criteria. “The particulars of the contract and training period are highly individualized.”
There is an additional program, the Work Opportunity Tax Credit (WOTC), which aids companies that hire eligible workers from target groups of disadvantaged job seekers. This opportunity is a win-win situation for both parties; the employer receives a tax break and the job seeker evolves from economic dependency into self-sufficiency. Employers who recruit Veterans, ex-felons, SNAP benefits and short and longterm Temporary Assistance for Needy Families (TANF) recipients, vocational rehabilitation referrals, Supplemental Security Income (SSI) recipients, summer youth employees and designated community residents can receive a (WOTC) of $2,400 to $9,600. The website is a convienient Employers can complete and submit a state level application online for up to 28 days after hiring an qualified worker and complete the tax filing at the federal level after certification.
“This is good for small and large companies,” Jones declared. “It reduces a businesses tax burden and is worth looking into.”
The One Stop System is a highly useful tool created through the Workforce Investment Act of 1988 and provides a customer-focused system of training and employment services to job seekers and employers, cost free. The One Stop collaborates with partner agencies to meet the needs of employers and job seekers.In addition, through the Ohio Means Jobs website, employers can take advantage of many services including employee recruitment, where organizations can file and post job openings, participate in job fairs, hold mass recruitments and receive assistance with job posting descriptions. The agency can aid an employer with candidate selection by screening, utilizing skills and aptitude assessments, and supporting the hiring for specific groups, such as older workers, Veterans or those with disabilities. The agency offers referrals to local employment agencies, access to the computer training lab and conference room, apprenticeship programs and on-the-job employee training.
For more information, please visit these sites ohiomeansveteranjobs.com, ohiomeansjobs.com, irs.ustreas.gov, and doleta.gov/business/incentives/opp/tax.