Can you pass up $10,000 per hour?

Can you you pass up $10,000 per hour?  As I’ve worked with many companies over the years I know that managing their business can be challenging. I was thinking thru the math of one client who couldn’t find the time to take advantage of work opportunity tax credits. She hired a lot of hourly employees and in her industry about 1 out of 2 generally qualify for employer tax credits  at an average of $2,400 each.

So I did the math on the 3 steps it takes to manage the process to get the credits.

  1.  It takes less than one minute to send the screening link to applicants prior to their interview,
  2.  Once the decision to hire is make, it takes another minute to log in and convert the applicant to “hired” along with the hire date
  3. She just needs to update payroll information to verify that the employee hours worked, maybe 5 minutes

So for 7 minutes work, to get $1,200 (1 of 2 qualify for $2400) is just over $10,000 an hour!  Can you pass up $10,000 an hour?

#wotc #payroll