​Cheap skills! The cash for jobs incentives you’re not accessing

Analysis

​Cheap skills! The cash for jobs incentives you’re not accessing

Why shoulder all of the cost of recruiting and training a new employee. These government schemes will help you keep more dollars in your budget.

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Why shoulder all of the cost of recruiting and training a new employee? These government schemes will help you keep more dollars in your budget.

If your plans for the new financial year include hiring a new employee, you’re in luck. There are a wealth of government grants, rebates and wage subsidies available for businesses looking to add to their head count. The catch? Knowing how to access them.

1. NSW Small Business Grant 

Are you a small business operating under the payroll tax threshold and looking to hire? If you fill a new position before 30 June 2019, your business could be eligible for the NSW government’s $2000 Small Business Grant.  The grant is paid on the 12-month anniversary of your new hire. Businesses wishing to register for the grant need to do it within 60 days after employment commences.

2. NSW Jobs Action Plan 

Payroll tax liable businesses with less than 50 employees can take advantage of the $6000 NSW Jobs Action Plan rebate. The rebate is available for businesses that employ new workers on a full-time, part-time, or casual basis  in a new role before 30 June 2019. The rebate is paid in two parts ($2000 on the one-year anniversary, $4000 on the two-year anniversary).

3. Restart – employing mature age workers

The federal government’s Restart program  provides an incentive of up to $10,000 to businesses which employ older workers (50 years and over) through a job active provider. Payments to businesses are made by the employment services provider over six months. Employers may also be able to receive a kick-start payment of up to 40% of the total amount after four weeks of the job starting.

4. Youth Jobs PaTH

Youth Jobs PaTH allows a business to trial a young person via an internship to see if they are the right fit. Under the program, participating businesses can access $1000 to help with the costs of bringing the young person onboard. If your intern is an eligible job seeker under the age of 30, and you do decide to employ them, you may be eligible for a financial incentive of up to $6500 or $10,000 from a Youth wage subsidy.

This article originally appeared on the NSW Business Chamber website. WorkplaceInfo is owned by the chamber.
 
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