Did you hear?
There has never been better time to consider taking on a trainee / apprentice.
With the range of funding, incentives and support services available to encourage you to hire, you’ll be hard pressed to disagree. (read on to find out the funding and incentives).
Yes, 2020 was a tough year for most.
But, focus on the positives (and there’s plenty) that have come from that tornado of 12-months.
Learn, Work and Earn
Every day we have the opportunity to learn something new.
This could include upskilling, gaining a qualification or jumping at the chance to give someone a new opportunity.
Apprenticeships and traineeships combine training with working in a real job – a real job for a real wage.
Apprentices work towards the completion of a nationally recognised qualification while learning valuable skills at work and being a valued member of your team. All under the guidance of a Registered Training Organisation (RTO) to manage the training process every step of the way.
We know that putting on an apprentice or trainee can feel like a headache
- Who to sign up with
- Expense of wages
- Making time for training
- Getting updates from the training company (RTO)
Let me just say, there are a number of benefits to putting on an apprentice!
- Adult and mature age
Some of these attract specific incentives. Contacting the Australian Apprenticeship Support Network can give you more detailed information on these incentives.
Cost of Training
There are contribution costs for accessing User Choice funding. Training is charged at $1.60 per nominal hour per unit.
If your apprentice is under the age of 25, the Department of Employment, Small Business and Training (DESBT) have an incentive where they will receive their training free of charge! This could save you thousands of dollars!!
Additional Wage Subsidy
Since you are looking at putting on an apprentice after the 5 October 2020, employers would be eligible for the Boosting Apprenticeship Commencement (a mouthful, isn’t it??) known as the BAC Wage Sub.
To assist with the recovery from the impact of COVID-19, the Australian Government is providing support to all employers who engage a new Australian Apprentice.
What is the BAC subsidy?
Is a wage subsidy paid quarterly, in arrears to eligible employers who engage an apprentice between 5 October 2020 and 30 September 2021.
How much is the BAC subsidy?
Eligible employers will receive a wage sub of up to 50% of the apprentice’s gross wage paid, up to a maximum of $7000 per quarter.