BioTalent — Student Work Placement Program
Highlights
This program is designed for you. It offers up to $7,000 in wage subsidies to help cover the cost of hiring students. This can significantly reduce your expenses while bringing fresh talent into your business. You can hire students from STEM, healthcare, business, and other programs, giving you access to a diverse pool of eager and skilled workers.
Why should you apply?
- Financial Support: The program covers 50% of a student’s salary up to $5,000, and 70% up to $7,000 for first-year students and under-represented groups.
- Talent Development: You can develop new talent for future recruitment needs, ensuring you have a skilled workforce ready to contribute.
- Training Access: Approved participants get free access to BioTalent Canada’s training programs, enhancing both your and your new hire’s skills.
What’s in it for you?
- Cost Savings: Reduce hiring costs with substantial wage subsidies.
- Future-Ready Workforce: Gain a candidate already oriented to your company, potentially saving on future recruitment and training costs.
- Ease of Qualification: The program is designed to be accessible, making it easier for you to qualify and benefit from these subsidies.
Applying is straightforward, and the benefits to your business are clear. Take advantage of this opportunity to grow your team and reduce costs.
Financing Details
Type of Financing: Wage Subsidy
Repayment Terms and Interest Rates:
- No repayment terms or interest rates. This is a subsidy, not a loan.
Eligible Expenses:
- Up to 50% of a student’s salary, to a maximum of $5,000.
- Up to 70% of a student’s salary, to a maximum of $7,000, for first-year students and under-represented groups including women in STEM, indigenous students, persons with disabilities, members of a visible minority, and newcomers.
Use of Funds:
- Funds can be used to cover the cost of a student’s salary during their placement.
Ineligible Uses of Funds:
- Funds cannot be used for any expenses other than the student’s salary.
- The wages for the placement must not be funded by other Federal grants such as CIHR, NSERC, Canada Summer Jobs, or by another federally-funded program such as IRAP, Mitacs, etc.
- Placements funded through a stipend, scholarship, and/or bursaries do not qualify.
Fees:
- No fees are associated with this program.
Qualifications
- Must be a biotechnology or healthcare organization, or the position must have a biotechnology or healthcare focus.
- Must provide a full- or part-time work opportunity at a minimum of 10 hours/week, for a minimum of 4 weeks up to a maximum of 16 weeks.
- The student placement must be over and above the organization’s baseline number of students previously hired.
The student must be added to the employer’s payroll, including Federal/Provincial tax deductions (CPP, EI, etc.).
Disqualifications:
- Post-secondary institutions (universities, colleges, and polytechnics) as the employer of record.
- Placements funded by other Federal grants such as CIHR, NSERC, Canada Summer Jobs, or by another federally-funded program such as IRAP, Mitacs, etc.
- Placements funded through a stipend, scholarship, and/or bursaries.
- Students hired as contractors.
Description
The Student Work Placement Program (SWPP) is designed to help your business by providing wage subsidies to hire students. You can receive up to $7,000 to cover a portion of a student's salary. This subsidy can cover 50% of the wage up to $5,000 for most students, and 70% up to $7,000 for first-year students and under-represented groups, such as women in STEM, Indigenous students, persons with disabilities, visible minorities, and newcomers.
This program allows you to bring in eager, skilled students who can contribute to your projects and potentially become future employees. By participating, you can reduce hiring costs while benefiting from fresh talent. Additionally, you will have free access to BioTalent Canada’s training programs, which can further enhance the skills of your student hires.
The wage subsidy helps you manage costs and invest in new talent, making it easier to complete projects and grow your business. This is a valuable opportunity to support your workforce needs while contributing to the development of the next generation of professionals.
Program Steps
Sign In/Create an Account:
- Sign in to your BioTalent Canada user account.
- If you do not have an account, create one on the BioTalent Canada website.
Access the Application Portal:
- Navigate to your dashboard.
- Click on “My Applications” under Wage Subsidy Applications.
- Click on the “Submit new wage subsidy application” button to start your application.
Prepare Documentation:
- Gather the necessary documentation, including:
- Business registration details.
- Financial statements.
- Job description for the student placement.
- Proof of the student’s enrollment in a Canadian post-secondary institution.
- Student’s resume and cover letter.
- Any previous records of student hires (if applicable).
- Gather the necessary documentation, including:
Complete the Application Form:
- Fill out the online application form with details about your business and the student placement.
- Provide information on how the placement aligns with biotechnology or healthcare focus.
Submit the Application:
- Review all the information and documentation.
- Submit the completed application through the online portal.
Wait for Confirmation:
- You will receive an email notification if your application is placed on a waitlist.
- If approved, you will be notified and provided with access to BioTalent Canada’s training programs.
Follow Up:
- If you have any questions or need assistance, contact Colleen at 1-866-243-2472, ext. 218 or [email protected].
Track Your Application:
- Monitor the status of your application through your BioTalent Canada account.
- Ensure all follow-up actions are completed as required.