The Work Opportunity Tax Credit (WOTC) is a federal tax credit that encourages employers to hire targeted groups of job seekers. WOTC can reduce employer federal tax liability by as much as $2,400 to $9, 600 per new hire.
Business Hiring Incentives
Business Hiring Incentives
Colorado minimum wage, labor law for youth and other labor law information.
The Work-Share Program offers an alternative to employers who are considering a reduction in workforce. Employers may be eligible to reduce and “share” employee hours rather than layoff. To compensate for the reduction in hours, employees may receive part of their regular unemployment benefits.
Layoff assistance (also known as Rapid Response) through LCEWD provides an employer pro-active, business-focused strategies to respond to layoffs and plant closures. LCEWD staff and Colorado Department of Labor and Employment (CDLE) work with employers to provide services to affected workers.
Services Include:
