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Hiring Incentives for Employers

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The work opportunity Tax Credit Program (WOTC) provides up to $2,400 in tax credits for employers who hire an individual within a year of their release from prison or within a year of their conviction date. The Oklahoma Employment Security Commission (OESC) makes the final determination of eligibility. Call Jeanne Pectol, WOTC Coordinator, and (405) 557-5371, for more information.

  • The Department of Human Resources (DHS) offers a wage subsidy for employers who hire parents of children receiving assistance from the Temporary Assistance to Needy Families (TANF) program. Employers must guarantee at least 35 hours a week, and pay at least $10 an hour. The assistance can amount to reimbursement of up to $12 an hour for up to four months of employment. If the employee stays for ten months, this can result in the subsidy to the employer totaling $6,880, for a $10 an hour job. DHS makes the final determination of eligibility. Call your local DHS office and ask for the Subsidized Employment Program for further information.
  • The Federal Bonding program provides employers with an insurance policy to protect against any act of employee dishonesty. The coverage is typically for $5,000, lasts for six months, and it is free. Call your local Workforce Oklahoma Office for further information.
  • Pursuant to the Hire Act, employers who hire unemployed workers (unemployed for 60 days before their start date, or having worked fewer than 40 hours during the 60-day period), may qualify for a 6.2% payroll tax incentive. This would, in effect, exempt them from the employer’s share of social security tax on wages paid after 3/18/2010. Further, for each qualifying worker, businesses may claim a new hire retention credit of up to $1,000 on their 2010 return. The WOTC and this tax credit cannot be used together. See a tax professional for further information and forms.

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