VETERAN DBES
Online Tool to Help Businesses Realize the Benefits of Hiring a Person with a Disability
T
hink Beyond the Label, a leading pub- lic-private partnership that works to increase employment for people with dis- abilities, recently rolled out Hire Gauge, an online resource that calculates the fi- nancial return on investment and other benefits of hiring a person with a disabili- ty.
Think Beyond the Label’s Hire Gauge is the only online tool of its kind that de- picts the tangible monetary incentives that can accumulate each time a company hires a person with a disability, which, for a typical large business, can reach $31,800 per hire. At the same time, Hire Gauge sums up the wide range of workplace and marketplace benefits that businesses also
reap when they recruit, hire and retain a qualified job seeker with a disability, in- cluding veterans. “Hire Gauge demonstrates all the rea- sons—financial and otherwise—that make hiring people with disabilities a good business decision,” says Barbara Otto, CEO of Health & Disability Advo- cates, the Chicago-based policy and advo- cacy organization that operates the Think Beyond the Label partnership. “Apart from monetary advantages like tax incen- tives and lower recruiting costs, business- es that practice inclusive hiring will boost workplace diversity, as well as improve the way they think, operate, innovate, and grow,” she says.
Are You Using VETBIZ?
The Veterans Online Business Registry (VETBIZ) „ Enables veterans to electronically post information about their business enterprise to inform Government and corporate buyers about their capacity and capability to perform Federal requirements.
„ Enables buyers to quickly locate veterans in business to be placed on original source lists.
„ Informs agencies, contracting officers and businesses of veterans and service-disabled veterans in business, the products and services they provide and contact information for them.
You can visit VETBIZ online at
www.vetbiz.gov
Or contact them directly: U.S. Department of Veterans Affairs The Center for Veterans Enterprise (CVE) 810 Vermont Avenue, NW Washington, DC 20420 866-584-2344
vip@mail.va.gov
52 HISPANIC NETWORK MAGAZINE Celebrating 19 Years of Diversity
Hire Gauge shows how a typical business can save nearly $32,000 while reaping critical workplace diversity and marketplace returns
„ Hire Gauge,
www.thinkbeyondthela-
bel.com, asks users a series of ques- tions about their business and disabil- ity employment hiring practices, and calculates the monetary incentives for which the business is eligible to arrive at a total estimated number.
Examples of typical results include— „ A large financial services company is eligible for $17,400 in annual tax incentives, and saves up to an addi- tional $15,000 on recruiting and training costs per hire if the employee is recruited through a state vocational rehabilitation program (based on a $60,000 salary).
„ A small business is eligible for $7,400 in annual tax credits, includ- ing the Work Opportunity Tax Credit, plus a tax deduction of $15,000 for money spent to improve access to their building.
„ A manufacturing company that hires a veteran with a disability through a Veterans Affairs program qualifies for a $4,800 tax credit, plus reim- bursement of up to 50% of the new hire's first six months of wages.
Other key benefits— „ More than half (56%) of workplace accommodations cost nothing, while the rest typically cost <$500 yet re- sult in improved retention and pro- ductivity.
„ Employing workers with disabilities stimulates growth in new products and services and opens up access to new markets, giving businesses a competitive edge.
www.hnmagazine.com
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