The Australian Government offers practical help and financial incentives for small businesses that hire eligible staff. So as well as finding someone that’s suitable for your business, you could also receive a contribution towards your costs.
Your eligibility for incentives depends on who you hire, the type of work you do, and where your business is based. These are just four of the support programs currently available:
The Government’s recruitment service – jobactive – can help connect your business with suitable staff free of charge. If you take on an eligible job seeker, you could receive financial assistance of up to $10,000.
For instance, hire a young person (15-24), an indigenous job-seeker, or a mature age individual (50+), and you could receive a wage subsidy of up to $10,000. Hire a young person (aged 25-29), a parent, or someone who has been out of work for a while, and get up to $6500.
2. Youth Jobs PaTH.
Maybe you’re looking for a young person who can learn on the job and grow with the business? Then try Youth Jobs PaTH. It helps find jobs for young people on income support who have been out of work for some time.
The program allows you to trial someone aged 17-24 for a period of 4-12 weeks for up to 25 hours a week. The job seeker earns $200 on top of their income support payment and you get $1000 towards your costs. If you decide to hire the person, you could also receive an incentive payment of up to $10,000 (see jobactive above).
3. Disability Employment Services
Does your business lend itself to hiring someone with a disability? Then it’s worth considering. As well as the financial benefits available, people living with a disability are proven to be reliable, productive and loyal workers.
A Disability Employment Services Provider is skilled at matching your business needs with an eligible job seeker. Plus they provide support while the employee settles in. You could also receive financial help through wage assistance or modification expenses.
4. Community Development Program
If your business is based in a remote location, the Community Development Program offers local support. They specialise in filling vacant positions in remote areas.
Its Employer Incentive Funding Program helps you manage the cost of employing remote workers by offering incentives of up to $7500 for full-time staff employed for at least 26 weeks – or $3750 for part-time staff.
Plenty of other government programs also offer assistance, including specialised Apprentice schemes and Transition to Work programs. So don’t be afraid to explore your options. Growing your team is an important milestone for your business, and you will have earned every incentive that comes your way.