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Home»news»New York Launches Program to Guarantee Job Performance for At-Risk Job Seekers
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New York Launches Program to Guarantee Job Performance for At-Risk Job Seekers

KanishBy KanishMarch 22, 2023No Comments2 Mins Read
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New York State’s Department of Labor (NYSDOL) has launched the Federal Bonding Program (FBP) to help job seekers with employment barriers. The program provides employers with fidelity bonds that guarantee job performance for at-risk individuals, including ex-offenders, recovering substance abusers, and those with poor credit histories.

The FBP is a joint effort between the NYSDOL and the U.S. Department of Labor’s Wage and Hour Division. It aims to encourage employers to hire individuals who may be deemed high-risk by guaranteeing their job performance through a surety bond. The bond assures employers that in the unlikely event that an employee with a fidelity bond commits theft, forgery, larceny, or embezzlement, the employer will be reimbursed up to $5,000.

The program’s goal is to give individuals who have faced obstacles in their job search a second chance. By providing a financial safety net for employers, the FBP helps at-risk job seekers gain employment and move towards financial independence.

To qualify for the FBP, job seekers must be deemed high-risk by the employer due to factors such as criminal records or poor credit history. However, individuals with records of violent or sexual offenses are not eligible for the program.

The NYSDOL is encouraging employers to participate in the program and help those who may have otherwise been overlooked for employment. The FBP not only provides an opportunity for at-risk individuals to secure a job but also helps employers diversify their workforce.

Overall, the Federal Bonding Program is a step towards creating more inclusive and equitable employment opportunities for all individuals.

For more information, visit http://on.ny.gov/federalbonding.

 

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Kanish

Kanish Parihar is an author, administrator, and editor of New York Daily Gazette. He has been managing multiple projects and campaigns across the website. He believes that written and analytical skills are not only a fundamental part of academic excellence, but are also the building blocks of critical thinking in high school and beyond. Kanish quotes, " From a young age I have always tried to manipulate words and stories in order to create something entirely different over internet. I find that working with blog postings is a way for me to connect with people".

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