Regional businesses get $37,000 for signing up a new apprentice
Are you a regional employer who’s considering taking on an Apprentice? Keep reading!
The Australian Government has launched a $60M wage subsidy trial, targeting regional and rural businesses with generous wage subsidies.
The Australian Apprentice Wage Subsidy is available to eligible employers who sign-up and commence an Australian Apprentice from 1 January 2019.
How does it work?
Eligible businesses will save an average of $37,000 over a three-year period in the following way:
- 75 per cent of the first year award wage;
- 50 per cent of the second year award wage; and
- 25 per cent of the third year award wage
Payments will be made six-monthly in arrears, with the first payment at six months from the date of commencement.
Who is eligible
The Australian Apprentice Wage Subsidy is targeted at regional and rural small businesses in Australia that haven’t hired an Australian Apprentice within a three-year period, prior to 1 January 2019.
So, if you have not hired an apprentice in the past or at least not since 1 January 2016, you may be eligible to receive this great incentive. You can download the full publication here
What occupations are eligible?
To be eligible, the qualification must be one that has been identified on the National Skills Needs List. The list includes many traditional building trades, such as carpenters, electricians, bricklayers and painters, but chefs, hairdressers and motor mechanics are also included amongst the 65 trades, currently experiencing a national skills shortage.
This is a great opportunity to help securing the skills of your region, gain a competitive edge and give local, young people a new opportunity in their home-region.
Get the right person for your business
Recruiting the right person for your business is important, but it can be time consuming and overwhelming. We have professionals on standby who can help ease the pressure of finding staff for your business. To find out more, give us a call today