The Federal Bonding Program was created as an incentive to employers to hire at-risk or hard-to-place job seekers. This program may provide an employer with a business insurance policy that protects an employer against loss of money or property due to employee dishonesty. The bond is good for six months up to the amount of $5,000 at no cost.
To request a Federal Bond, call the State Bonding Coordinator on the new employee's start date. A simple telephone interview is all that is required. A confirmation letter is then sent to the company and McLaughlin Company, who issues the bond directly to the employer.
Learn more. For further information please contact the State Bonding Coordinator at 717.787.6915 or 1.800.345.2555.
Across the country, thousands of employers have integrated the Federal Bonding Program into their hiring practices. The Federal Bonding program has placed over 50,000 at-risk job seekers into employment through bonds. This unique hiring incentive tool targets individuals whose backgrounds can pose significant barriers to securing or retaining employment including:
- Previously incarcerated men, women and youth
- Individuals in recovery from substance abuse
- TANF recipients
- Individuals with poor credit records
- Economically disadvantaged youth and adults with little or no work histories
- Individuals dishonorably discharged from the military