When it comes to hiring new employees, the process is anything but easy. From attracting the right people, to onboarding and training, there are so many variables to consider when you’re looking to bring on a new team member.
It’s clear that one of the biggest issues facing many employers are the costs involved the in a a new hire. As an employer, you might be faced with a number of questions: are the candidates suitable for the role? What if they don’t adjust quickly enough? What if the cost to hire and upskill them is wasted? For many employers, the idea of bringing on new staff can seem daunting. But, what if there was a way to offset these questions, and the overhead cost of a new employee? That’s where the wage subsidy comes in.
First things first, what is the wage subsidy?
To put it simply, wage subsidies are a form of government support provided to you as an employer when you hire eligible employees and create sustainable employment opportunities for specific groups of people, including but not limited to: apprentices, people with disabilities, and people who have been out of the workforce for extended periods.
If you’re eligible, the government provides financial assistance to you to cover the cost of onboarding and training your new employees.
The goal? To ensure you can continue to provide ongoing support and employment opportunities for people who may have struggled with finding a stable job in the past.
What wage subsidies are available to you?
There are so many wage subsidies available depending on your state. Here are some of the most common ones:
Wage subsidies are great incentives for employers to hire people who (due to circumstances out of their control) have not been fortunate enough to build a consistent career or a skill set suitable for jobs on the market.
How Workforce Australia & MTC help connect people to employment opportunities
At MTC, we empower participants of the Workforce Australia and Disability Employment Services (DES) programs who are on their path to employment, by matching their goals and skills with businesses looking for employees. By hiring from our diverse pool of applicants, we can help you access wage subsidies of up to $10,000 for your business, and provide you with an efficient, no-cost recruitment process.
If you choose to work with us, the wage subsidies are intended as support for your business. It means that our job seekers can ease into your workforce, while also positively impacting your business by reducing the costs of their onboarding and training. MTC can also help you access funding for upskilling, training, licensing or certifications for your new team members.
What’s in it for your business?
A win-win situation
By working with us, you gain a motivated new team member, as well as government support to help with your ongoing costs. Your new employee, on the other hand, is given a valuable employment opportunity, which can often be a life-changing experience — particularly for those who have struggled with finding employment for a long time.
An opportunity to support your community
By engaging with the wage subsidy program through MTC, your business can help play a crucial role in supporting not just your local community, but individual community members looking for work.
Each time you hire from our pool of talented job seekers, you’re not just adding a new member to your team. You’re actively contributing to positive change by providing new opportunities to those who have faced barriers to employment.
By creating these opportunities, you’re enriching your business through diverse and fresh perspectives, and building a more inclusive and equitable society. Your business becomes a catalyst for change, helping to break down employment barriers and fostering community development for those who have faced long-term unemployment, disability, or difficult personal circumstances.
A lower costs for new hires
One of the biggest benefits of the wage subsidy program is the cost incentive for your business during the first few months of government support. Not only does it make the hiring process less financially risky, but it also allows you to continue to support the additional needs of your new hire across training and resources, allowing them to fully integrate into your business, and settle into their new role.
At MTC, we tailor our services for our job seekers, and take the time to understand their individual needs, goals and skills. We have a diverse pool of job seekers, and we want each of them to succeed in their new roles. We work hard to match our job seekers with positions that are a good fit, reducing the likelihood that you would need to go through the cost of rehiring any time soon.
An investment in growth and development
With wage subsidies, your investment in new hires goes beyond onboarding. What it really means is that you’re investing in the continuous growth and development of your team, leading to improved job satisfaction, better performance, and ultimately, a stronger and more resilient business.
As part of our comprehensive service, MTC offers ongoing support, even after you hire one of our job seekers. Our recruitment coaches are available to assist your business in accessing funding for upskilling, training, licensing, or certifications for your new team members.
How do I get started?
At MTC Australia, we’re here to help you navigate this process and connect you with potential employees who can bring a fresh perspective to your business. Hopefully, you now have a clearer understanding of how wage subsidies can be a genuine game-changer for your business, offering a financially viable way to expand your team and support individuals who are eager to re-engage with the workforce.
If you’re ready to take advantage of this opportunity, we can work together to help foster an inclusive and diverse workplace, simultaneously growing your business whilst also supporting individuals in your community. Get in touch with us today to find out more about how the Workforce Australia wage subsidy can help your business expand.
