Experian Secures Workday Certified Integration for Its Work Opportunity Tax Credit Solution
Latest integration enhances job candidate experience and provides
Why it matters:
-
WOTC is a federal tax credit available to
U.S. employers who hire individuals from certain targeted groups that have faced barriers to employment. - The tax benefit is often overlooked and millions of dollars in available credits go unclaimed each year due to incomplete or inefficient WOTC screening processes.
- Additionally, many employers are hesitant to incorporate WOTC screening into their application process in fear of adding friction to the hiring process and increasing candidate abandonment rates.
- However, Experian’s WOTC solution streamlines the process and enables employers to determine eligibility in real time.
“Our mission is to serve employers who are serving their employees, and we are focused on helping employers benefit from tax credits while creating new opportunities for job seekers,” said
Experian’s Employer Services business handles over 14 million WOTC screenings annually. The newly certified WOTC integration offers Workday customers the opportunity to optimize their WOTC returns through an efficient integration that enhances the candidate experience, minimizes candidate abandonment and provides a concise WOTC survey with an average completion time of one minute.
Workday HCM is a unified system that enables organizations to make faster decisions, gain operational visibility, prepare for future talent shifts and build effective teams. Employers using Workday to simplify and improve their human resource management now have access to Experian’s Workday certified WOTC solution, helping Workday customers maintain compliance and capture available tax credits when hiring qualifying individuals. Experian’s WOTC solution is the company’s third integration with Workday – joining Tax Withholding and ACA Reporting as Workday Certified Integrations.
Experian launched its Employer Services business for employers seeking a better service experience for themselves and their employees. The business offers critical solutions HR, payroll and tax professionals count on.
More information on Experian Employer Service’s Workday integration can be found on the
To learn more about Experian’s Employer Services business, visit https://www.experian.com/employer-services/
About Experian
Experian is a global data and technology company, powering opportunities for people and businesses around the world. We help to redefine lending practices, uncover and prevent fraud, simplify healthcare, deliver digital marketing solutions, and gain deeper insights into the automotive market, all using our unique combination of data, analytics and software. We also assist millions of people to realize their financial goals and help them to save time and money.
We operate across a range of markets, from financial services to healthcare, automotive, agrifinance, insurance, and many more industry segments.
We invest in talented people and new advanced technologies to unlock the power of data and innovate. As a
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Experian Public Relations
1 714 460 3739
amanda.garofalo@experian.com
Source: Experian