Federal Bonding Program
Are you reluctant to hire difficult-to-bond individuals? The Federal Bonding Program can help you hire and bond high-risk applicants. For more information please visit www.bonds4jobs.com. If you are an employer interested in utilizing the Federal Bonding Program, contact the State Bonding Coordinator at (615)253-6634 or by email Justin.Attkisson@TN.GOV. Bond coverage of up to $25,000 self-terminates in six months and takes effect right after the applicant's first day of work. For longer bonding periods, inquire with the State Coordinator. Bonds are issued directly to employers that offer direct employer-employee relationship job opportunities to job seekers. Job seekers should inform employers of the Federal Bonding Program via information from www.bonds4jobs.com. Job Seekers needing assistance with Federal Bonding Program should contact their nearest Career Center or the State Coordinator at (615) 253-6634 or Justin.Attkisson@tn.gov
Congressional passage of "The Tax Relief, UI Reauthorization and Job Creation Act of 2010," in part, reauthorized and extended the Work Opportunity Tax Credit (WOTC) Program through December 31, 2011.
The reauthorization made certain modifications to the WOTC tax credit program for employees that begin work for an employer after 12-31-2009, including, but not limited to, the following:
During federal fiscal year 2011, which ended on September 30, 2011, the Tennessee Department of Labor and Workforce Development issued 50,025 federal Work Opportunity Tax Credit (WOTC) certifications representing in excess of $201 million in potential federal income tax savings to Tennessee employers. The 2011 WOTC Certification level represents an increase over the previous year’s activity.
The Tennessee Department of Labor & Workforce Development, working with USDOL, the Internal Revenue Service, and other states, has been among the leaders in developing clear and effective regulatory requirements for the Work Opportunity Tax Credit (WOTC) Program since its inception in 1996. These efforts, along with our partnering state and local agencies have resulted in Tennessee being one of the nation’s top 5 producing states as it relates to the amount of potential Federal income tax credits it has been able to return to eligible Tennessee employers.
In an effort to streamline the WOTC application requirements, recent IRS guidance (Notice 2012-13) allows employers to submit a completed and signed Form 8850 to TDOL&WD via a fax transmission. All faxed WOTC applications should be sent to 615-532-1612.
To receive additional information regarding the WOTC tax credit program, please call 1-800-432-5268 (in state only) or fax your request to 615-532-1612.
Employers may also be eligible for a "State Tax Credit" under the Tennessee Jobs Tax Credit for Hiring Persons With Disabilities (TJTC). This is a one-time "State Tax Credit" which may be available to qualified employers who establish either full-time or part-time jobs(s) for persons with disabilities who are receiving state services directly related to such disability. For more information about the Tennessee Jobs Tax Credit for Hiring Persons With Disabilities, visit the TJTC - Frequently Asked Questions Web page.
The rapid response team works with employees in mass to inform them of services the state offers. Those services include Unemployment Insurance, job search and placement assistance, labor market and in-demand occupation information, testing and assessment; resumé preparation and interviewing skills workshops, and classroom and occupational skills training if deemed necessary.
Counseling is also available to help Dislocated Workers with a variety of issues, including job search assistance and job referral information, and coping with the stress of having lost their jobs through no fault of their own.
Under Worker Adjustment and Retraining Notification Act of 1988 (WARN), Tennessee employers are required to send a written notice to the Dislocated Worker Unit 60 days in advance of a plant closure or mass layoff. Tennessee Code annotated (TCA 50-1-601) requires such notice when 50 or more workers are affected, versus the 100 required by federal guidelines.
The Dislocated Worker Unit generates the required WARN Notification Letters which are distributed to the highest elected local official, the Local Workforce Investment Act (LWIA) Executive Director, the Governor's designated cabinet members, certain federally elected representatives and others in need of this information. Area Dislocated Worker coordinators are notified of impending layoffs or closures. The coordinators then contact the company and other members of the Rapid Response team within 48 hours to set up an initial meeting.
The Rapid Response team is made up of specialists who include Tennessee Career Center System representatives, the Area Dislocated Worker Coordinator, TN AFL-CIO (when applicable) and an Adult Education representative. The AFL-CIO is a member of the team if the affected workers are represented by organized labor. Other member agencies are included as required. The Tennessee Career Center System is the basic delivery vehicle for the state's Dislocated Worker Services.
The Incumbent Worker Training Program provides grant funding for customized training for existing for- profit and not-for-profit (healthcare related) businesses that result in layoff aversion. Through this customer-driven program, Tennessee is able to effectively retain and keep businesses competitive through skills upgrades and process improvement training for existing full-time employees. The Tennessee Department of Labor and Workforce Development administer the Incumbent Worker Training Program through a system of Local Workforce Investment Areas (LWIA).
For additional information contact: