Myth: Hiring People with Criminal Records Will Increase My Expenses
FACT: Recent research has found that employees with records remain on the job at higher rates than those without criminal histories.
For example, better retention can reduce an employer’s recruitment and training costs for lower-skilled white-collar workers, which analysts estimate are close to $4,000 per employee. Some governmental bodies offer insurance and tax incentives for employers who hire people with criminal records, protecting against real or perceived risks of loss. In New York, the Work Opportunity Tax Credit enables businesses to earn $1,200 - $9,600 in federal tax credits for hiring people with criminal records.
This post is an excerpt from Cornell University IRL (Industrial and Labor Relations) School's original post by Timothy McNutt, "9 Myths About Hiring People with Criminal Records"