Employers are finding it more difficult to retain the current talent that they have. Today's labor market is extremely competitive, and recruiting new employees can be a laborious task. Have you considered policy and culture changes that help to retain the current employees you have? Sounds simple, right? Not necessarily. The tips below are some of the leading practices from employers who have proven to have strong retention rates.
The Work Opportunity Tax Credit (WOTC) is a federal tax credit that is available to employers for hiring individuals from certain groups who have faced barriers to employment. WOTC partners with other workforce development departments to encourage workforce diversity and to assist in providing additional opportunities to those who are considered to have a significant barrier to employment.