Experian Secures Workday Certified Integration for Its Work Opportunity Tax Credit Solution
18 Junio 2024 - 5:00AM
Business Wire
Latest integration enhances job candidate
experience and provides Workday customers with real-time WOTC
eligibility determination through Experian Employer Services
In a move to improve the candidate experience, foster a more
diverse workforce and help employers enhance their tax benefits,
Experian® today announced it has achieved Workday Certified
Integration status for its Work Opportunity Tax Credit (WOTC)
solution. Workday, Inc. (NASDAQ: WDAY) is a leading provider of
solutions to help organizations manage their people and money. With
this integration, organizations leveraging Workday Human Capital
Management (HCM) can access Experian’s real-time WOTC solution,
which uses a concise survey process and has secured over $1 billion
in tax credits for employers.
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
Merideth Wilson, Executive Vice President and General Manager of
Experian Employer Services. “Our latest integration with Workday is
a testament to this commitment in action. We look forward to
helping employers across the country decrease their tax exposure
while improving the overall employee experience.”
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 Workday Marketplace.
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 FTSE 100 Index company
listed on the London Stock Exchange (EXPN), we have a team of
22,500 people across 32 countries. Our corporate headquarters are
in Dublin, Ireland. Learn more at experianplc.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240618771661/en/
Amanda Garofalo Experian Public Relations 1 714 460 3739
amanda.garofalo@experian.com
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