Corporate Tax Incentives Articles From Industry Tax Experts

Making A Move To CTI – WOTC Success Story

Written by Stephanie Cornejo | Sep 11, 2018

Client Profile:

Industry: 

Mobile Auto Repair

Previous WOTC provider: 

National Payroll Company

Number of Annual Hires: 

2,800



Current WOTC Performance:

  • 97% Screening Compliance
  • $34,000 Annual WOTC
  • 12% Qualification Rate
  • $12 Average Credit per Hire
Problem:
  • Low qualification rate. Although receiving a high compliance rate, the company was receiving a much lower qualification rate than similar businesses in their industry – benchmarking of similar businesses showed qualification rates well above 20%.
  • Lack of reporting and project follow up. Previous service provider did not conduct regular follow-up meetings to review key performance results/reporting to assist in improving overall program performance. 

Solution:

  • Redesigned WOTC survey that was easier to understand and encouraged employee participation.
  • Develop WOTC training and education program for existing and new hiring managers.
  • Assigned dedicated account manager to monitor account for credit maximization and ensure performance metrics meet expectations.
  • Established monthly and quarterly performance review process to provide greater transparency and incorporate changes to improve WOTC results. 

Results: 

With CTI, the company now receives an annual WOTC benefit increase over 10x:

  • 98% Screening compliance
  • $392,000 annual WOTC
  • 27% Qualification Rate
  • $140 Average credit per hire

A huge impact to their bottom line and a successful WOTC program with transparent results.  

 

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