For many of you reading this you would have already hired a trainee or apprentice under the Federal Government’s $1.4B Boosting Apprenticeships Scheme.
If you have not as yet, then the good news is that the scheme has been extended!
A 50% Wage Subsidy, Up to a Cap of $7,000 per quarter
The Boosting Apprenticeship Commencement wage subsidy, which provides employers with 12 months of wage subsidy support, is now extended until 30 June 2022.
The subsidy is for a maximum of $7000 per quarter, for wages paid in the 12-month period from the date they start.
We note also from the announcement from the Prime Minister yesterday that the wage subsidy will also be eligible for extended support through the Completing Apprenticeship Commencements (CAC) for the second (10pc capped at $1500 per quarter) and third year (5pc capped at $750 per quarter).
There Has Never Been a Better Time To Hire a Trainee
The Boosting Apprenticeship Commencements (BAC) wage subsidy is a great incentive to hire a trainee or apprentice.
At KKTC we specialise and know the landscape of funding, sign ups and getting trainees and apprentices started so they can be included in ratio and helping your operations quickly and efficiently.