ATLANTA, April 26, 2021 /PRNewswire/ -- As the Bureau of
Labor Statistics (BLS) is reporting initial increases for hiring in
March, Equifax (NYSE: EFX) offers Compliance Center Advanced,
designed to assist employers with many of the nuances involved in
rehiring and remote hiring. More employers have embraced remote
hiring practices and as the economy recovers organizations are
looking to rehire employees that were let go as part of the
downturn associated with the pandemic. The Compliance Center
platform from Equifax Workforce Solutions packages and helps
deliver a more streamlined service for onboarding paperwork that
includes the I-9 Management service with the I-9
Anywhere® nationwide network of local completers, with
options to add on state form compliance processes to help
accommodate new and remote hires as well as Work Opportunity Tax
Credit (WOTC) screening for job applicants.
Organizations looking to optimize revenue in 2021 will
appreciate the ease with which the WOTC solution helps facilitate
screening and aligning new hire qualifications with the
requirements for the available tax credits. One of the10
targeted groups for WOTC is hiring long term unemployed,
according to the IRS, defined as "one who has been unemployed for
not less than 27 consecutive weeks at the time of hiring and
received unemployment compensation during some or all or the
unemployment period." The BLS March Employment Situation Summary
showed that nearly a quarter of all unemployed workers in the U.S.
have been out of work for at least a year. This means, as hiring
recovers, that many new hires may qualify for WOTC, so screening is
an important part of hiring post-pandemic to help ensure employers
qualify and apply for the tax credits that they are eligible
for.
"Rehiring former employees also has implications for completing
the required Form I-9," said Jason
Fry, AVP of Employer Services at Equifax Workforce
Solutions. "Our I-9 Management service is built into Compliance
Center Advanced and includes prompts that can help direct
employers and rehires to Section 3, instead of Section 2, if
the employee is rehired within 3 years of the date that Form
I-9 was originally completed."
In addition to their own onboarding packages, employers may add
the State Onboarding Compliance service to the Compliance
Center bundle, helping remove some of the burden of the state new
hire notification requirements that vary from state to state. For
companies with businesses that cross state lines, or that are
hiring remote out of state employees, having a more automated
hiring package that assembles and connects to many state guidelines
is a convenient way to help employers remain aligned with
unfamiliar and frequently changing new hire notification
requirements.
For more information about the Compliance Center platform,
please visit here.
ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe knowledge drives progress. As
a global data, analytics, and technology company, we play an
essential role in the global economy by helping financial
institutions, companies, employers, and government agencies make
critical decisions with greater confidence. Our unique blend of
differentiated data, analytics, and cloud technology drives
insights to power decisions to move people forward. Headquartered
in Atlanta and supported by more
than 11,000 employees worldwide, Equifax operates or has
investments in 24 countries in North
America, Central and South
America, Europe, and the
Asia Pacific region. For more
information, visit Equifax.com
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SOURCE Equifax Inc.