The Human Resources Skills Development Center is offering small businesses the opportunity to hire new graduates in order to expand their business capabilities and expertise through the Youth Employment Program (YEP). Incorporated businesses are encouraged to apply for this program in order to hire graduates with unique skill sets to their company.
Grant Amount & Eligibility
YEP covers 50% of the new employee’s salary, up to a maximum of $30,000, for the first 12 months of employment. The related position must be permanent full-time and needs to focus on a skill set that is both unique to the employer and relevant to the candidate’s area of study. Funding is released every April and there is still funding available as of today (June 29th, 2011).
The company must be financially stable and incorporated. They must also have fewer than 500 employees in order to be eligible. YEP has a preference for companies that will utilize the new hire’s skills in order to carry out an innovative project to advance or grow the business.
Eligible candidates must have graduated from a four-year college or university program in Ontario, under the age of 31, and not currently collecting CPP or EI. The YEP can be used for up to two new hires per company.
The Youth Employment Program is currently open for application submissions. If you would like to learn more about this program or have Mentor Works assess a potential candidate, please contact us today with “Youth Employment Program” in the Subject line. Be sure to stay updated on the latest hiring funding mechanisms by subscribing to our blog and following us on Twitter, Facebook, and LinkedIn.