federal bonding program: a unique job placement tool
DESCRIPTION
Federal Bonding Program: A Unique Job Placement Tool. What is the Federal Bonding Program?. A business insurance policy that protects the employer in case of any loss of money or property due to employee dishonesty. What makes this program great?. - PowerPoint PPT PresentationTRANSCRIPT
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Federal Bonding Program:A Unique Job Placement Tool
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• A business insurance policy that protects the employer in case of any loss of money or property due to employee dishonesty
What is the Federal Bonding Program?
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What makes this program great?
• Informed applicants can market themselves and increase their employment prospects
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• Liability due to poor workmanship• Job injuries• Work accidents• Bail bond• Contract bond• Performance or license bond
What does the program not cover?
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• The Federal Bonding Program is designed to help job applicants with a background that may be a barrier to employment
Who does the program help?
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• Ex-offenders• Substance abusers• Individuals with poor credit history• Military personnel who are dishonorably
discharged
Who does the program help?
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• Contract or 1099 employees
• The self-employed
Who does the program not help?
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Federal Bonding
This program helps more than just “ex-offenders”
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• The individual must have a job offer and a job start date
How is the bond issued?
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• Regional Workforce Board (RWB) or provider staff– Ensures the individual has a
job offer and a job start date– Fills out the
Bond Certification Form after verifying that the employee has started the job
How is the bond issued?
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• RWB staff must– Enter their telephone
number and phone extension on the Bond Certification Form
How is the bond issued?
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• RWB staff– Compose and mail a
letter to the employer
How is the bond issued?
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• RWB staff must– Enter service code 124 under Activities History
How is the bond issued?
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• RWB staff must– Enter a case note in the EFM system
How is the bond issued?
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• There are no papers for the employer to fill out. The employer simply has to give the job seeker a chance
What does the employer have to do?
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What can we do to make this a success?
• Be informed• Counsel job seekers about
Federal Bonding – Teach job seekers to market
themselves using the Federal Bonding opportunity
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What can we do to make this a success?
• Know your local operating procedures
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• Over 42,000 applicants have been helped
• 99% have proven to be honest employees
• Greater variety of jobs and higher wages
Has the Federal Bonding Program been successful?
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• The United States Department of Labor offers a variety of information– Marketing tools that can be
used by RWBs– Brochures that can be used
by RWBs or printed by job seekers
– Presentations that can be viewed right on-line
Where can I get more information?