Wage Subsidy Extended for Apprentices and Trainees
Heard the good news yet? The Australian government has extended its apprentice wage subsidy stimulus until 30 June 2022. This apprentice wage subsidy extension will seek to upskill more apprentices and reward employers for hiring them.
Read on to learn more about the program.
Apprentice wage subsidy extended
Businesses that hire a new Australian apprentice or trainee get a 50% wage subsidy.
This news came along with the federal budget, in which the Australian government is spending $365.5 million to support an extra 35,000 apprentices and trainees. The scheme is called the ‘Boosting Apprenticeship Commencements & Completing Apprenticeship Commencements.’
The wage subsidies pay for up to a maximum of $7,000 per quarter and will continue to be available until 30 June, 2022. This means there is still time to take advantage of the benefits!
These subsidies are available across all industries, but they will particularly benefit the building and construction sector.
This stimulus comes on top of existing spending designed to keep employees and apprentices in jobs.
It’s all about delivering certainty for business so that you can go and hire another apprentice with confidence. This gets more Australians skilled and into priority jobs right now.
Benefits for businesses
Ever since Australia got a handle on its COVID-case numbers, the economy has been bouncing back. The government views the building and construction industry as essential to this economic recovery, which is why it’s investing so much in training up tomorrow’s builders and tradies. Let’s take a closer look at some of the benefits to the new scheme.
1. GET A NEW APPRENTICE SUBSIDISED
Have you been thinking of getting a new apprentice but unable to afford it? At 50%, the new wage subsidies could make this goal within reach.
2. TRAIN NEWBIES TO YOUR NEEDS
There’s nothing better than training a new apprentice to your own style of working. You can teach them the skill you know they will need while on the job.
3. GET EMPLOYEES FOR LIFE
Many apprentices stay onboard as employees after they’re fully qualified. The benefit of keeping your apprentices for many years is that you save on hiring costs.
Benefits for apprentices & trainees
While the wage subsidy is great news for employers, it’s also terrific news for apprentices. Let’s take a look at these indirect benefits that have a positive effect for new tradies.
MORE APPRENTICESHIP OPENINGS
The extended apprentice wage subsidy will change the game for businesses who wanted apprentices but couldn’t afford them. Now, more businesses will be offering apprenticeship positions—perfect for newbies on the job hunt.
LAUNCH YOUR CAREER
If you’ve been thinking about getting into the construction game, now is a great time to. The construction industry is positioned to help Victoria and Australia in its economic recovery.
GAIN LONG-TERM EMPLOYMENT
Businesses of all sizes, from small to large, love to keep their apprentices on the books even after they are fully qualified. After your apprenticeship, you could have a job for many years to come.
UPSKILL IN YOUR INDUSTRY
Even if you’re not new to the building and construction industry, you can still benefit from the subsidies. By going back to study to get a certificate or diploma, you can move into a higher paying role with the same employer.
Get a better salary
With a new certificate or diploma, you can move into supervisor or manager roles and earn a higher salary. To find out what you could be earning, check out our salary calculator.
Thanks to the super flexible training options available, you can continue working while you upskill. Gone are the days where you have to drop everything to do a course. Today, you have online and part time learning options.
Supporting apprentices and trainees wage subsidy
The latest government spending on new apprentice wage subsidies is great news. It benefits businesses of all sizes and also those looking to start a career in building and construction.
Builders Academy Australia is looking forward to training up the next generation of apprentices and builders.
Thinking of doing an apprenticeship or training up your staff? Call us on 1300 LEGEND to find out about our courses or complete our enquiry form today.