Hiring new employees represents one of the largest line items in any business budget. Yet many organizations overlook a significant opportunity to offset these costs through federal tax savings that can reach up to $9,600 per eligible hire.
The Work Opportunity Tax Credit (WOTC) remains one of the most underutilized employer incentive programs available today. While some businesses question whether the administrative effort justifies the return, the financial impact speaks for itself.
Assessing Your Savings Potential
Consider these strategic questions when evaluating WOTC’s relevance to your organization:
- Does your company hire 20 or more employees annually? Organizations with regular hiring activity typically see the most substantial returns.
- Would annual savings of $1,200–$2,400 per qualifying hire meaningfully impact your operating margins? For businesses prioritizing cost optimization, these credits deliver measurable results.
- Do you currently have systems in place to identify and capture these credits? Without proper processes, eligible savings often go unrealized.
The mathematics are compelling: even moderate hiring volumes with qualifying candidates can generate tens of thousands in annual tax savings.
Understanding the Financial Impact
Consider a mid-sized organization hiring 50 employees annually. If 15 of those hires qualify for WOTC at an average credit of $2,400 each, the company realizes $36,000 in direct tax savings. Should any hire qualify for the maximum $9,600 credit, returns increase substantially.
Over multiple hiring cycles, WOTC becomes a strategic financial tool that can be reinvested into workforce development and operational growth.
Common Implementation Challenges
Despite clear financial benefits, many employers fail to maximize WOTC opportunities due to:
- Regulatory complexity that proves difficult to manage without specialized expertise
- Strict filing deadlines requiring submission within 28 days of hire date
- Limited awareness across HR teams regarding which candidates qualify for credits
Without structured processes, organizations routinely forfeit available savings.
The UBS and VerifyToday Advantage
Universal Background Screening has partnered with VerifyToday to deliver a comprehensive, managed WOTC solution that removes administrative burden while maximizing credit capture.
This collaboration provides:
- Demonstrated ROI with typical credits ranging from $1,200–$2,400 per hire, scaling to $9,600 for qualifying positions
- Risk-free engagement through a performance-based fee structure applied only to successfully captured credits
- Full compliance management including certifications, deadline tracking, and audit support handled by specialists
- Executive visibility via real-time dashboards showing savings potential and realized credits
As Travis Knotts, Chief Revenue Officer at VerifyToday, notes: “Our partnership with UBS enables us to extend specialized compliance and tax credit expertise to a wider market, ensuring businesses capture every available dollar while streamlining HR operations.”
Moving Forward
The strategic value of WOTC is clear. The critical question becomes whether your organization has systems in place to capture these savings—or whether opportunities continue to go unrealized.
Download the WOTC Eligibility Checklist to evaluate your current hiring patterns and savings potential, or request a complimentary WOTC assessment from UBS to quantify potential returns for your specific situation.
Every hiring decision presents financial opportunity. Ensure your organization captures the full value of its investment in human capital.
