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.
- It takes less than one minute to send the screening link to applicants prior to their interview,
- 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
- 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?