Staffing Agency
Arvo tripled a staffing agency’s WOTC credit.
Staffing agencies are leaving 3-5X of their potential Work Opportunity Tax Credit (WOTC) uncaptured.
We’ve discovered that most agencies believe their WOTC program is doing well because 97% of all WOTC vendors tell them it is. This comes from measuring success solely by getting candidates to complete the WOTC 8850 form. While that is important, it’s only 1 of 5 components that ensure you generate maximum WOTC credit.
Part 1
Opportunity
Business growing, WOTC not.
Despite exceeding $100M in annual revenue and issuing more than 25,000 W-2’s per year across their 44 US locations, this agency’s WOTC credit was not growing in step with its business.
Arvo identified three main issues:
1. WOTC process inconsistent across locations.
2. Insufficient reporting resulting in obscured WOTC results.
3. Screening compliance in need of troubleshooting.
Part 2
Action
WOTC optimization strategy deployed.
Arvo helped the agency make three big changes:
1. Audited all locations to develop a standard operating procedure
for WOTC, then trained all managers.
2. Provided reporting and guidance to each branch through and beyond launch.
3. Optimized the screening process, including applicant tracking system (ATS) integration.
Part 3
Results
WOTC tripled.
WOTC operations across all locations were simplified, standardized, and maximized. The agency’s WOTC credit tripled from $400K to $1.2M in just 12 months.
WOTC Credit Claimed
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Staffing Agency
A staffing agency triples its WOTC credit by using Arvo
Staffing agencies are leaving 3-5X of their potential Work Opportunity Tax Credit (WOTC) uncaptured.
We’ve discovered that most agencies believe their WOTC program is doing well because 97% of all WOTC vendors tell them it is. This comes from measuring success solely on getting candidates to complete the WOTC 8850 form. While that is important, it’s only 1 of 5 components that ensure you generate maximum WOTC credit
The Challenge
Experienced a WOTC Credit Flat-Line
The staffing firm is a $100M+ temporary staffing business that issues roughly 25,000 W-2’s per year. With 44 locations across the US., leaders at this firm saw little growth to their credit despite an increase in W-2’s and had little to no clarity around their WOTC program.
The cause for this was due to:
1. WOTC process wasn’t consistent across all locations.
2. Lack of clarity with WOTC results due to insufficient reports.
3. Key WOTC focus was targeted at screening candidates and was, at best, average.
The Solution
Arvo customizes a WOTC Optimization Strategy
After speaking with the WOTC experts at Arvo, they were shown how much credit they were missing out on and enrolled in the Arvo WOTC Optimization Program.
Arvo created a custom strategy that involved 3 major components:
1. Completed a process audit across all locations, created a best practice to fit the firm’s operation, and trained all branch managers on it.
2. Provided actionable reporting and consultative guidance to each branch to improve branch numbers.
3. Shifted WOTC focus to 5 critical components to maximize credit.
The Results
Work Opportunity Tax Credit Tripled
The WOTC credit tripled from $400K to $1.2M in just 12 months, branch performance was easy to measure, and WOTC became operationalized.
WOTC Credit Claimed