5 Business Benefits Of Hiring Someone On Disability

There are many different benefits of hiring a person who qualifies as a person with a disability. Although the job position will be filled, there are other benefits that an employer can take advantage of.

1. Investment Return

Many businesses shy away from hiring people with disabilities because they fear that it will hurt their business, but it can really benefit their business by increasing revenues, reducing costs, and enhancing shareholder value. As far as increasing revenues are concerned, business can access new markets and improve productivity. When it comes to reducing costs, businesses can reduce hiring and training costs and increase retention. A business can enhance shareholder value by capitalizing on different opportunities to meet various goals that a business has.

2. Open Market

Some businesses realize that people with disabilities represent a market that is worth more than one trillion dollars. As far as marketing goes, businesses can capitalize on new market opportunities that arise, which enables them to increase their market share. Businesses who can mirror the market in this situation have the opportunity to appeal to a vast customer base. Marketing is a major aspect of this situation. Another way a business can harness the market in this instance is by developing new products and offering new services.

 

3. Innovate for Success

Employees who have disabilities can offer many different things to a business, such as new experiences and outlooks, understanding, and awesome transformations. When these practices are utilized successfully, a business can define their future and experience different types of innovation, such as workplace, service, and product.

 

4. Tax Credit

A lot of companies are not opposed to hiring people with disabilities because of the different tax credits that are applicable. For companies that hire people with disabilities, the IRS offer deductions and credits that help make their company more accessible. The experts from Robert K. Kolber, Inc say there are a few deductions may be accepted for different things, such as accommodations for people who are hearing-impaired, purchasing or changing equipment, and the removal of barriers.

 

5. Everyone Benefits

Businesses that hire people with disabilities are helping its state evolve and decrease the amount of debt for the entire country. Disabled people who are employed are decreasing a significant burden that is placed on all taxpayers for social assistance.

 

There are many different benefits of hiring people who have disabilities, but these are 5 primary benefits. This is a good practice that helps companies boost their overall reputation. A well-rounded and diverse business is more profitable than a business that is not.

About the author

Brionna Kennedy is native to the Pacific Northwest, growing up in Washington, then moving down to Oregon for college. She enjoys writing on fashion and business, but any subject will do, she loves to learn about new topics. When she isn't writing, she lives for the outdoors. Oregon has been the perfect setting to indulge her love of kayaking, rock climbing, and hiking.

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