(Bloomberg) – Australia to provide wage subsidy to encourage companies to hire up to 100,000 new apprentices or interns as part of its budget strategy to create jobs and increase incomes
The A $ 1 billion ($ 860 million) program, which will pay half the apprentice’s salary in the first year, will be available from October 5, Prime Minister Scott Morrison said in an email statement on Sunday
“Apprenticeships are an important avenue for getting young people into employment and for ensuring that there is a skill pool to meet the future needs of employers,” said Morrison. “Whether it’s from the manufacturing, housing and construction, arts or mining sectors, this new wage subsidy gives companies the certainty of hiring and offers a career path for young budding trades »
Treasurer Josh Frydenberg set to ditch budget cuts and unveil massive government spending hike to restart the economy when he presents his budget in October 6 The government has indicated that the budget will focus on creating new jobs and increasing incomes Several ministers reinforced this message, especially in televised talks on Sunday
The grant will be available to employers who hire an Australian apprentice or trainee from October 5 until the cap of 100,000 is reached Employers will be able to receive up to AU $ 7,000 per quarter under the program
Apprenticeship, intern, salary, Australian federal budget, employment
News from around the world – UA – Australia to subsidize the wages of 100,000 more intern workers
SOURCE: https://www.w24news.com
