The latest economic lifeline provided by the Australian Federal Government for Australians affected by the epidemic is being fully rolled out. Employers have the opportunity to receive subsidies of up to 1 Australian dollars within a year.
This is the so-called JobMaker Recruitment Subsidy Program ( JobMaker Hiring Credit Scheme), which aims to increase employment opportunities for young people.But in order to receive this subsidy, both employers and employees need to meet certain conditions.
According to the Australian Nine News, the following is an explanation of the plan.
What is JobMaker Recruitment Subsidy Program?
The JobMaker recruitment subsidy program aims to encourage employers to hire employees under the age of 35.The goal is to try to improve the employment prospects of those most affected by the epidemic, such as part-time retail assistants, bar staff, waiters, etc.
(Photo source: Nine News Australia / Photographer: Dominic Lorrimer)
How much can you get under the JobMaker Recruitment Subsidy Program?
It needs to be explained that this subsidy belongs to the employer.The benefit for employees is that they can have a job.
The plan is divided into two levels: the employers hire employees between the ages of 16 to 29 and hire employees between the ages of 30 and 35 to receive different subsidies.
If an eligible employer hires a new employee between the ages of 16 and 29, they can receive a subsidy of up to A$10400 within a year.
If an eligible employer hires a new employee between the ages of 30 and 35, a maximum of A$5200 per year can be granted.
So that's the case, can every employer participate in this plan?
not like this.Employers must be eligible to participate in the program, and they must hire new employees within a certain period of time to receive subsidies.
Since hiring young employees in 2020 is also eligible for subsidies, why is the plan only now being implemented?
Basically, the employer can start to apply for this outstanding subsidy.
The plan was launched in October 2020 because it coincides with the federal budget.
(Picture source: Australia Nine News)
Beginning on February 2021, 2, employers can start claiming arrears of subsidies every three months, with a claim period of up to 1 months.
What about people over 35?Will this not further stifle their employment opportunities?
Although it is hard to say it is strangling, it will definitely weaken the employment prospects of older Australians.If an employer has two applicants who are roughly the same in terms of experience, temperament and skills, it is difficult to understand why the employer would not choose a young applicant who can still receive government subsidies.
p style=”text-align: center”> (Image source: News from Australia Nine Channel)
I am an employer interested in applying for this subsidy, what do I need to do?
First, employers need to check whether they are eligible to apply.
Eligible employers can apply for the subsidy program through ATO's online service portal or through registered tax or BAS agents.
It is best for employers to consult with professionals to see if the plan can help their business.
Australian Prime Minister Morrison: Helping young people find employment
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