You could receive a wage subsidy when you hire an eligible candidate through Konekt Employment.
Wage subsidies are government funded payments that can help you to cover the cost of hiring a new employee, including the cost of training and wages. Your Konekt Employment consultant can tell you if the candidate is eligible and how much you’ll receive.
What is a wage subsidy?
Wage subsidies are a government incentive offered to employers when hiring eligible clients. Wage subsidies are vital in helping our clients gain and maintain sustainable employment. As a jobactive provider, Konekt Employment receives government funding to help people find and keep a job. A wage subsidy can assist employers to cover the costs of recruitment, including training and wages.
When is the wage subsidy paid to a business?
Wage subsidies are paid in instalments and can be up to a maximum of $10,000 over 6 months of continuous employment where employees work an average of 20 hours or more a week.
How can the wage subsidy be used?
Wage subsidies can be used to help contribute to the costs of recruitment, including training and wages. Once you receive the wage subsidy, it is up to you to use it in any way that benefits your business.
What types of wage subsidies are available?
Wage subsidies are available to employers who employ eligible candidates including mature age, long-term unemployed, Indigenous, youth or parents. Your Konekt Employment consultant will explain the type and amount of subsidy your business may be eligible for if you employ an eligible candidate.
Are all candidates eligible for a wage subsidy?
Not all candidates are eligible for a wage subsidy. There are also minimum standards of employment that must be met in order to qualify.
Is there anything else I need to know?
Before you receive a wage subsidy, you must agree to the terms and conditions set out in a wage subsidy agreement. Your Konekt Employment consultant will explain these to you before you enter into a wage subsidy agreement. The job you provide must be ongoing paid employment, not less than an average of 20 hours a week over the 6 month wage subsidy period and must comply with minimum employment standards for the position.
To ensure you do not miss out on the wage subsidy, contact your Konekt Employment consultant within 84 days (12 weeks) of employment to complete the application process for the subsidy. The application process must be completed within this 84 day (12 week) period.
Konekt Employment has a support team to assist with wage subsidies and associated administration including processing wage subsidy payments and liaising with you directly regarding invoicing and payslips. They will be in contact with you to provide evidence of the number of hours worked by the employee each week of the subsidy, and will contact you prior to instalment dates to obtain the required declaration.
How do I find out more?
To find out more about wage subsidies, or other benefits we can help with your recruitment, call our local office on 13 11 24.
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