09/27/2022
The US Department of Labor (USDOL) created the Federal Bonding Program (FBP) in 1966. The FBP has been successfully providing fidelity bonds to employers, giving them access to job seekers and opening doors of opportunity.
Thousands of employers across the country have integrated the Federal Bonding Program into their hiring practices – industries that support our country’s economy – hospitality, retail, construction, transportation, auto repair, manufacturing, healthcare, non-profits, banking, tourism and more. This USDOL program is a great success, with over 56,500 job placements made for at-risk job seekers who were automatically made bondable. Last year, there were 1,691 bonds issued to 1,068 individuals in the program. The FBP, a unique hiring incentive tool, targets individuals whose backgrounds can pose significant barriers to securing or retaining employment, including:
-Justice-involved citizens
-Individuals in recovery from substance use disorders
-Welfare recipients
-Individuals with poor credit records
-Economically disadvantaged youth and adults who lack work histories
-Individuals dishonorably discharged from the military
