Career-Ready with CTMA — Expanding Opportunities
Highlights
This program is designed for businesses like yours, offering non-repayable contributions to help subsidize wages for new hires or upskill existing employees. You can receive 50% of wages paid, up to $5,000 for a single placement, $10,000 for two placements, and $15,000 for three placements. This funding can significantly reduce your hiring and training costs, making it easier to grow your team and enhance their skills.
Key Benefits:
- Non-repayable contributions: No need to pay back the funds.
- Up to $15,000 in wage subsidies for multiple placements.
- Funding for up to 12 candidates: Expand your workforce efficiently.
- Support for finding candidates: Assistance available if you need help sourcing talent.
By participating, you can improve your business operations and potentially offer permanent employment to skilled candidates. The qualification process is straightforward, ensuring you can quickly benefit from this valuable opportunity.
Financing Details
Type of Financing: Non-repayable Contributions (Wage Subsidy)
Repayment Terms and Interest Rates:
- There are no repayment terms or interest rates as this is a non-repayable contribution.
Eligible Expenses:
- 50% of wages paid to new hires or for upskilling existing employees.
- Up to $5,000 for a single placement.
- Up to $10,000 for two placements.
- Up to $15,000 for three placements.
- Funding available for up to 12 candidates.
Use of Funds:
- The funds can be used towards the wages of new hires or the upskilling of existing employees.
Restrictions on Use of Funds:
- The funds cannot be used for expenses other than wages for new hires or upskilling existing employees.
Fees:
- There are no fees associated with this program.
Qualifications
- Must have a candidate before applying.
- Must have identified a job title with a corresponding job description.
- Must follow a list of industry-specific Technical Learning Outcomes (TLOs).
- Must permit monitoring visits during the work placements.
- Must pay each candidate an hourly rate (at least minimum wage) for the duration of the work placement.
Must be willing to offer permanent employment to the placement candidate(s) upon successful completion.
Disqualifications:
- None specified.
Description
This program offers non-repayable contributions to help with wages for new hires or to upskill current employees. You can get 50% of wages covered, up to $5,000 for one placement, $10,000 for two placements, and $15,000 for three placements. The total funding can go up to 12 candidates.
Benefits for your business:
- Reduce hiring costs: Get half of your new hire's wages covered.
- Upskill your team: Use the funds to train existing employees.
- Flexible funding: Support for up to 12 candidates, making it easier to grow your team.
You need to have a candidate and a clear job description before applying. You must also follow specific learning outcomes and allow monitoring visits during the placement. Pay each candidate at least minimum wage during their work period. After the placement, you can offer permanent employment to the candidates.
This program is a great way to save on hiring and training costs while expanding your team.
Program Steps
Identify a Candidate: Ensure you have a candidate ready for the work placement. If you need assistance finding a candidate, contact Robert Cattle at [email protected] or 416-301-6224.
Prepare Documentation: Gather the necessary documents for the application. These include:
- Business registration details
- Job title and job description for the placement
- Candidate's resume and qualifications
- Wage details for the candidate
Contact CTMA: If you already have a candidate, reach out to Robin at [email protected] or 613-229-1669 to express your interest in the program and get further instructions.
Complete the Application Form: Fill out the application form provided by CTMA. Ensure all details are accurate and complete.
Submit the Application: Send the completed application form along with the required documentation to the designated CTMA contact.
Follow Up: After submission, follow up with CTMA to confirm receipt of your application and to address any additional requirements or questions.
Permit Monitoring Visits: Be prepared for monitoring visits during the work placement to ensure compliance with the program's guidelines.
Pay Candidate: Ensure you pay the candidate at least the minimum wage for the duration of the work placement.
Offer Permanent Employment: Upon successful completion of the placement, consider offering permanent employment to the candidate if it aligns with your business needs.