Jobs For Veterans – WOTC Initiative

Jobs For Veterans

In 2017, CPI launched a Work Opportunity Tax Credit (WOTC) initiative to create jobs for veterans. So what is the WOTC? And what does  it mean for our nation’s veterans and other candidates?

Launched in 1996, the WOTC initiative is a federal tax credit available to employers. The purpose of the program is to help underrepresented individuals gain employment. At the same time, employers are able to reduce their income tax liability.

In short, it means that the US government gives companies incentives to provide jobs for veterans and other groups. Each year, employers claim over $1 billion in tax credit under the WOTC initiative.

The success and growth of this income tax credit for business is beneficial for all who participate, while increasing America’s economic growth.  The WOTC initiative joins other workforce programs that help promote access to good jobs for American workers.

There are also other positive implications for companies like CPI. For example, many of CPI’s clients have specific budgets to employ our nation’s veterans. As a result, the WOTC initiative is an attractive benefit for many of CPI’s clients.

The CPI team continues to develop new partnerships with companies, which are dedicated to veteran hiring. And, the WOTC initiative is part of that process. “The WOTC  is spurring the economic growth of any company that is willing to put the hard work into diversifying their work force, which includes hiring our nation’s veterans,” said Jim Cowper, President, CPI.

The WOTC initiative is an important program and it will continue to need the public’s support.  Although programs like the WOTC are often extended, it is  scheduled to end in January 2020.

Learn more about the WOTC today!

Review all of CPI’s employment opportunities for military veterans today!