The U.S. Department of Labor has established a program to help job seekers that are hard to place get a job. This program is called the Federal Bonding Program. It provides Fidelity Bonds to give these at risk job seekers an honest opportunity at a job. To learn more about this program and if it can help you, read on.
The Federal Bonding Program
In 1966, the Federal Bonding Program started as a way to help those who have difficulty getting a job due to past criminalbehavior. The program gives an incentive to employers who hire at risk job seekers. The program guarantees the honesty of these job seekers so that there is more incentive to hire them. In addition, the program offers free of charge financing of Fidelity Bond insurance to employers who hire ex-offenders or people with at-risk behavior. Other hard to place potential employees include those recovering from substance abuse, welfare recipients, people with poor credit, and more.
Participating In The Program
Participation in the Federal Bonding Program benefits those convicted of a crime or those who otherwise have a hard time getting a job. These types of people are oftentimes not considered for jobs because of their backgrounds. Also, their past mistakes and experiences make it hard for them to get jobs. Many employers will consider these types of applicants at risk and won’t want to take the chance hiring them. The Fidelity Bond insurance that employers purchase doesn’t protect them against employee dishonesty committed by an at risk employee. For this reason, many employers hesitate to hire past convicts or people who are otherwise at risk job seekers. The Federal Bonding Program gives employers peace of mind by paying for the Fidelity Bond insurance. This makes it less of a risk to hire these employees.
Fidelity Bond Insurance
Fidelity Bond insurance protects employers against dishonest acts by employees. Common examples include embezzlement, theft, larceny, forgery, and more. Most employers purchase this insurance to protect themselves against such dishonest acts. But, at risk employees are considered “not bondable”. This means that the regular insurance policy won’t cover them. The Federal Bonding Program will cover the insurance for such employees and provide an incentive to hire them.
You might be eligible for the Federal Bonding Program if you:
- Have a record of arrest.
- Have gotten convicted or imprisoned.
- Have ever been on probation.
- Have ever been on parole.
- Are recovering from substance abuse.
- Have a poor credit score.
- Are on welfare.
- Have declared bankruptcy.
- Are a disadvantaged youth.
- Got dishonorably discharged from the military.
These are some of the basics about the Federal Bonding Program. If you think that you would be considered an at risk job seeker, you should try to find a company that utilizes the Federal Bonding Program. This can help you get a job in an easier process than applying for a pardon. For more information, you can contact my office. We can determine if the Federal Bonding Program is right for you, or if you should apply for something else, such as a provisional pardon.