EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
Select your location
Local sites
Streamline hiring and tax savings with EY WOTC services
In Tax
WOTC (Work opportunity tax credit) and workforce programs can lower your tax liability; incentivize workplace diversity; and increase talent, value and retention. The EY WOTC program is a comprehensive, highly automated, efficient and embedded process that can seamlessly fit into your existing hiring process to help capture WOTC credits. Whether you are a large employer with an expansive WOTC program or you are looking for software support as a small to midsize employer or a third-party provider, EY professionals can provide a range of service alternatives, from a full-service WOTC offering to targeted software services.
What EY can do for you
In a business environment where labor is in short supply and demand is greater than ever, recruiting and retaining a workforce continues to be a top priority. Has your company taken the steps needed to increase workforce diversity and expand sourcing to consider new pools of talent (e.g., disadvantaged veterans) while lowering your overall cost of recruitment?
We can help you unlock the advantages of WOTC. For many, the credit value from the WOTC and other hiring credit programs is an obvious benefit. What is often not immediately unveiled are the additional benefits realized from an integrated service offering.
EY understands the importance of the employee experience, and our goal is to help balance a screening process for employees that enhances the user experience, keeping employee satisfaction high while you realize the financial benefit.
Our processes and WOTC technology platforms leverage a combination of proactive and personal account support with a low-touch integration of data feeds to analyze, calculate and capture a complex tax credit — we aim to make it easy for you.
WOTC services
The federal WOTC program provides federal tax incentives to employers that hire employees from various targeted groups who face barriers to employment. Employers can secure a tax credit benefit ranging from $2,400 to $9,600 for each eligible hire, depending upon the employee’s category of eligibility.
Not only can the WOTC program provide a significant positive financial impact to your company’s bottom line, but it also can helpfully impact the organization from a people perspective by encouraging an inclusive culture and supporting local communities.
Our extensive WOTC experience combined with a focus on streamlining the process for employers of all sizes helps clients implement the right option for their WOTC and hiring credit needs.
Full-service WOTC offering for large employers
We can help you unlock the advantages of the WOTC. For many, the credit value from WOTC and other hiring credit programs is an obvious benefit. What is often not immediately unveiled are the additional benefits realized from an integrated service offering.
Drawing on more than two decades of WOTC experience for large employers, our processes and WOTC technology platforms leverage a combination of proactive and personal account support with a low-touch integration of data feeds to analyze, calculate and capture a complex tax credit — we aim to make it easy for you.
EY teams understand the importance of the employee experience, and our goal is to help balance a screening process for employees that enhances the user experience, keeping employee satisfaction high while you realize the financial benefit.
Furthermore, our technology-enabled process streamlines compliance requirements and provides documentation to substantiate credits in the event of an audit.
VerifyWOTC: Tailored software for SMBs and providers
We deliver a comprehensive software solution tailored for small to midsize employers and third-party providers. Whether you opt for on-premises hosting or our cloud-based SaaS models, the VerifyWOTC platform is equipped with the advanced features necessary to help amplify your WOTC benefits and maintain data integrity.
Small to midsize businesses
VerifyWOTC offers a viable solution for small to midsize businesses seeking an efficient and straightforward solution to manage their WOTC programs.
- Lower hiring volume: The software allows you to capture the benefit without the complexity of larger systems.
- Self-service tracking: Intuitive dashboards and tracking features allow for self-management, even with limited resources.
- Prioritization made simple: With automated alerts, VerifyWOTC keeps the process manageable amid your other business priorities.
Third-party providers
VerifyWOTC enhances the service offerings of third-party providers.
- Expandable service portfolio: Integrate WOTC management into your suite of services, offering added value to franchisors, professional employer organizations and other service providers.
- Multi-client management: Utilizing a scalable platform, streamline the WOTC process for multiple clients simultaneously.
- Enhanced client satisfaction: Deliver accurate and timely WOTC screening, reporting and calculations, reinforcing your commitment to your clients.
Other hiring credits and services
In addition to WOTC, EY clients often benefit from additional federal and state tax credits — and these additional credits can generate significant financial advantages for your company. Ernst & Young LLP has a fully integrated team of more than 300 credits and incentives professionals who can help your organization identify, qualify, pursue and obtain a broad spectrum of tax credits available to your business.
Our integrated screening process provides bundled screening for other federal opportunities, such as the Federal Empowerment Zone (FedEZ), Indian Employment Credits (IEC) and Federal Disaster Zones. Additionally, EY professionals collaborate with tax and HR teams to determine which states may offer potentially available state hiring credits relevant to your business.
As legislation continues to present new opportunities, Ernst & Young LLP is at the forefront of these new and ongoing developments. Our legislative and lobbying group, Washington Council Ernst & Young, is continuously monitoring the latest legislative activity and keeping you abreast of how policy changes may impact your business. Whether it is disaster-related tax credits or hiring retention credits, EY teams have the technical knowledge and experience to simplify the complexities and unveil more opportunities.
Talent Outreach Services (TOS)
TOS assists employers in taking a proactive approach to increasing Work Opportunity Tax Credits (WOTC) and meeting diversity and inclusiveness goals. As the labor market tightens, employers struggle with finding qualified applicants.
Our TOS professionals offer a way to supplement recruiting efforts by leveraging the candidate pools within community-based organizations (CBOs). Creating and expanding relationships with CBOs and hiring from their targeted populations allows employers to potentially reduce recruiting costs while enhancing the diversity of their workforce.
Our historical data has shown that 60% of all CBO-referred hires are WOTC eligible, with the largest CBO impact from veteran and vocational rehabilitation eligible hires.
