On December 01, 2020, the second workshop in the Mobility, Economic Resilience, and Substance Use Disorder series focused on Southeastern Kentucky occurred. These slides from the Kentucky Career Center pertain to workforce solutions.
2. KENTUCKY’S
WORKFORCE STRATEGY
Respond to the immediate workforce needs of employers
Realign the education system to meet the needs of business
Engage businesses to define their current/future needs
Empower communities to design their own solutions
Increase the workforce pipeline to accommodate growth
4. Customized Training
• KCTCS offers flexible, employer-driven skills-upgrade
training
Work-Based Training
• In-House, On-the-Job Training (OJT), Incumbent Worker
Training, etc.
Registered Apprenticeship
Growing & Developing Talent
5. WOTC is a federal tax credit ($1,200 - $9,600) available to
employers for hiring and retaining recipients from the
following specified target groups:
• Veterans
• Long-term Temporary Assistance for Needy Families
(TANF) recipients
• Short-term TANF recipients
• SNAP (food stamp) recipients
• Designated community residents
• Vocational rehabilitation referrals
• Summer youth employee
• Ex-felons
• Long-term unemployed individuals
• Supplemental Security Income (SSI) recipients
Hiring Incentives:
Work Opportunity Tax Credit (WOTC)
Fill out 2 short forms:
• IRS Form 8850 & ETA Form 9061
• Submit the completed and signed forms online
to the Kentucky WOTC System -
https://wotc.ky.gov
• Forms must be submitted within 28 calendar
days of the employee’s start date
For more information, please visit:
https://kcc.ky.gov/employer/Pages/Tax-Credits.aspx
6. What is the Federal Bonding Program?
• Provides fidelity bonds to help hard-to-
place job seekers get and keep a job
• Protects against fraud and/or dishonesty
such as: stealing, theft, forgery, larceny or
embezzlement
• Extremely successful, began in 1966 and
less than 1% of the bonds filed upon
Hiring Incentives:
Federal Bonding
Bond Mechanics
• Issued as soon as applicant starts
• Each bond has a $5,000 limit
• May issue up to 5 bonds or
$25,000 limit per individual
depending on the position
• Each bond covers a 6 month term
and may be renewed for additional
6 months at no cost
For more information, visit
http://bonds4jobs.com/
7. Who is eligible?
• Ex-offenders
• Individuals in recovery from substance use
disorders
• Public assistance recipients
• Individuals with poor credit records
• Individuals dishonorably discharged from the
military
• Economically disadvantaged persons who lack
a stable work history; and
• Anyone already employed who needs bonding
to prevent termination or secure a transfer or
promotion
Hiring Incentives:
Federal Bonding
What is Not Covered?
• Liability due to poor workmanship, job
injuries, work accidents, etc.
• Bail/court bonds
• Self-employment bonding
For more information, visit
http://bonds4jobs.com/
Who is Not Covered?
• Individuals who have defaulted on a
previous fidelity bond
8. What’s in it for a business
• Peace of mind that the business can
safely provide individuals job opportunities
with limited risk;
• Assurance that individuals who have
difficulty securing a job are getting their
lives back on track with stable
employment;
• Protection of business assets;
• Improved employment outcomes; and
• Assistance in meeting hiring requirements.
Hiring Incentives:
Federal Bonding
For more information, visit
http://bonds4jobs.com/