The U.S. Department of Labor established the Federal Bonding Program (FBP) in 1966 to provide Fidelity Bonds that guarantee honesty for “at-risk,” hard-to-place job seekers to employers who want to hire them.
Employers receive the bonds free of-charge as an incentive to hire these applicants. The Federal Bonding Program was designed to reimburse the employer for any loss due to employee theft of money or property up to $5,000 during the first six months of a selected individual’s term of employment.
If you are interested in learning more about the Federal Bonding Program:
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