Financial incentives

If you’re looking to hire new staff for your business, there’s a range of financial incentives from the Australian Government that can help. 

Financial support to help you hire new employees

There are financial incentives up to $10,000 to employ eligible staff

If you run a business, the Government can help you find staff who are the right fit for your business, and assist with the cost of wages when you hire someone.

For instance, you could get help with the costs of hiring, with access to a wage subsidy of up to $10,000 if you hire an eligible Indigenous job seeker, a mature-age person (over the age of 50) or young person (15 to 24 years of age).

You could also receive a wage subsidy of up to $6500 if you hire an eligible young person (25 to 29 years of age), a parent, or someone who has been out of work for a while. Or financial support for your business for hiring someone with disability.

There are several ways you can access this financial support, depending on your business needs and where you’re located:

Trial an employee and get a wage subsidy when you’re ready to hire

Wage subsidies help with the costs of taking on a new employee

If you’re not sure about hiring someone without knowing they can do the job, you may be able to trial a job seeker first. There may be financial support available for your business to assist with costs during their trial, and if you offer them a job at the end of the trial, you may be able to receive a wage subsidy. A wage subsidy can help meet the cost of taking on a new employee and it gets paid directly to your business.

There are two ways you can access help to trial an employee: 

Hire an apprentice or trainee and get financial assistance

Incentives payments can help with the costs of training a new apprentice

If you’re looking for workers who are keen to learn or who want to gain experience in your industry, taking on an apprentice or trainee could be a great way to gain a skilled employee who knows your business and how it runs.

There are financial incentives that can help when you take on an apprentice or trainee.

Get help with hiring and accessing a wage subsidy through jobactive

jobactive logo

Is this for my business?

  • I need staff for my business
  • I’m interested in financial incentives to hire staff

jobactive is the Australian Government’s recruitment service that can help you connect with job seekers. There are jobactive providers in 1,700 locations across Australia that can provide a tailored recruitment service for your business at no cost to you.

What’s more, if you recruit and retain a job seeker through jobactive, you could receive a wage subsidy for hiring that person.

If you hire an eligible Indigenous job seeker, a mature-age person (over the age of 50) or young person (15 to 24 years of age), you could receive a wage subsidy of up to $10,000.

You could also receive a wage subsidy of up to $6500 if you hire an eligible young person (25 to 29 years of age), a parent, or someone who has been out of work for a while.

Wage subsides are paid to you over a six-month period, and you can negotiate how often you get payments.

You may also be able to receive a ‘kickstart’ payment of up to 40 per cent of the total wage subsidy after four weeks of a job starting.

There are a few eligibility criteria for the people you hire, such as being on income support or being out of work for a certain period of time. They must also work at least an average of 20 hours per week.

To find out more, speak to your local jobactive provider and they can help you find the right staff for your business.

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Trial a young person through Youth Jobs PaTH

Youth Jobs PaTH logo

Is this for my business?

  • I would like to trial and/or hire a young person
  • I’m interested in financial incentives

If you’re interested in hiring a young person, Youth Jobs PaTH allows you to trial someone aged 17 to 24 in your business for 4-12 weeks, for up to 25 hours a week, where there is a reasonable prospect of employment at the end of the trial. You receive $1,000 to help with the costs. The young job seeker also receives $200 a fortnight on top of their usual income support, and their insurance is covered also.

If the trial works out for you both and you then decide to hire the young person, you may be eligible to receive a wage subsidy up to $10,000.

For the young person to be eligible for PaTH, they must be connected to an employment services provider and be on income support and out of work for a certain amount of time.

Your local employment service provider will set up the trial for you and help you find candidates.

To find out more, speak to your local employment service provider.

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Get help finding and hiring a young person through Transition to Work

Transition to Work logo

Is this for my business?

  • I would like to trial and hire a young person

You can access Transition to Work services to find and hire a young person, aged 15 to 21 who is suited to a job in your organisation.

Transition to Work providers will work with you to ensure young people meet your employment needs and support them to settle into a job. Support can include hosting work experience or a trial placement before starting the job.

If the placement is a good fit and you decide to hire the young person, you may be eligible to receive a wage subsidy up to $10,000.

Contact your local Transition to Work provider to access these services or lodge a vacancy.

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Trial a job seeker through the National Work Experience Programme

National Work Experience Programme logo

Is this for my business?

  • I want to give someone a go before hiring them
  • I’m interested in financial incentives

The National Work Experience Programme allows you to give someone a go in your business before you hire them. It also offers job seekers the opportunity to show what they can do for your business. Unlike Youth Jobs PaTH, the National Work Experience Programme is available for job seekers 18 years or older. From 1 July 2018, the program will be open to job seekers 17 years or older.

You can trial a job seeker in an unpaid work experience placement of up to four weeks, for up to 25 hours a week.

There are some eligibility criteria for the people you hire, such as they must be connected to an employment services provider. Starting 1 July 2018, you could also receive $300 for hosting a placement.

Your local employment service provider can help connect you with the right person and work out if a work experience placement is right for your business.

To find out more, speak with your local employment service provider.

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Financial assistance when you hire someone with disability

Disability Employment Services logo

Is this for my business?

  • I want information on hiring a person with disability
  • I’m interested in financial assistance

There are significant business benefits when you employ someone with disability—benefits beyond just filling a job. People with disability are proven to be reliable, productive and loyal.

A Disability Employment Services provider can help you hire someone with disability. Your local provider can also help you access financial assistance in the form of a wage subsidy, or help with the costs of work-related modifications and services. They can also offer you help while your new employee settles in.

To find out more, get in touch with a local Disability Employment Services provider.

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Financial incentives for Australian Apprenticeships

Australian Apprenticeships logo

Is this for my business?

  • I want to hire an apprentice for my business
  • I’m interested in financial assistance

Australian Apprenticeships can offer you financial incentives to help when you take on an apprentice, particularly if the apprenticeship is in a trade experiencing a skills shortage.

Find out more about incentives at the Australian Apprenticeships website or contact your local Apprenticeship Network provider.

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Incentives for businesses hiring staff in remote areas

Community Development Programme logo

Is this for my business?

  • My business is in a remote location
  • I’m interested in financial incentives

If your business is based in a remote area, the Community Development Programme can help you access financial incentives for hiring new employees.

The Community Development Programme is a remote employment and community development service that can help you recruit job seekers in remote areas. The program is designed around the unique social and labour market conditions found in remote Australia.

Employer Incentive Funding, which is part of the Community Development Programme, is available to help your business manage the costs of employing remote job seekers. You could be eligible for a one-off incentive payment of $7,500 if you hire a job seeker full time for over 26 weeks.

You can also receive a payment of $3,750 if your job seeker achieves a part-time employment over 26 weeks.

To find out more, speak to a Community Development Programme provider.

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Last modified on Saturday 26 May 2018 [7741|85961]

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