PEER WELCOMES FEDERAL GOVERNMENT’S ANNOUNCEMENT OF WAGE SUBSIDIES TO HELP 100,000 NEW APPRENTICES AND TRAINEES
The Federal Government has announced it will spend an additional $1.2 billion to encourage businesses to hire 100,000 new apprentices and trainees. Under the ‘Boosting Apprenticeships Commencements’ subsidy, businesses that hire a new apprentice or trainee will qualify for a 50% wage subsidy.
The new subsidy came into effect from 5 October and is available to all businesses, regardless of size, industry or geographic location and is capped at 100,000 places. For eligible employers, the new subsidy will cover 50% of the wages of a new or recommencing apprentice or trainee to the value of $7,000 a quarter, for the period until September 30, 2021.
The new subsidy will provide significant employment opportunities for those thinking about a trade career and commencing an apprenticeship or traineeship. As the 2020 South Australian Training Provider of the Year winner, PEER is well equipped to assist employers who are thinking of hiring an apprentice or trainee. With a 94% completion rate and 98% of graduates employed upon completion, PEER is one of the largest employers of apprentices and trainees in South Australia.
As a Group Training Organisation, PEER makes the process of hiring a new apprentice or trainee easy and hassle-free while providing additional support and benefits. PEER encourages employers who are considering taking on an apprentice or trainee to act quickly as the subsidy is capped at 100,000 places.
To find out more about the Boosting Apprenticeship Commencements subsidy and how PEER can help your business, call us on 8348 1200 or contact us online.