September 29, 2023

Leveraging the Work Opportunity Tax Credit to Bolster Holiday Season Hiring

As the holiday season is swiftly approaching, retail establishments across the United States are gearing up for their traditionally busiest time of the year. However, in the current climate, retailers are encountering a noteworthy challenge in securing qualified personnel to meet their seasonal staffing requirements due to the persistent labor shortage. 

The Work Opportunity Tax Credit (WOTC) is a federal tax credit program in the United States designed to encourage businesses to hire individuals from certain target groups who face significant barriers to employment. The program provides financial incentives to employers who hire individuals from these groups, making it an attractive option for retailers, especially during the holiday season when they need to hire a large number of seasonal workers. In this article published by Total Retail, A&M's Andrew Sloss explores how the WOTC program can benefit retailers in their pursuit to fill their seasonal hiring needs.

 

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